The global Construction Aggregates market, which was evaluated at 365 (USD Billion) in 2019 and is expected to generate 495 (USD Billion) by 2026, is expected to grow at a CAGR of about 4.6 percent between 2020 and 2026. The research provides appraisal and analysis of the worldwide and regional Construction Aggregates markets. The study provides an in-depth analysis of industry rivalry, constraints, sales projections, avenues, present and developing trends, and industry-validated market data. The research provides historical data from 2016 to 2019, as well as a projection based on value from 2020 to 2026. (USD Billion).
Construction aggregates are the mined minerals that are internationally available. These composites are made from limestone, trap rock, and granite that have been blasted and drilled into tiny pieces. Furthermore, these compounds are used in the construction of airports, railroads, highways, and runaway structures. In addition, the product is used for soil erosion control, water purification, and filtration. Furthermore, building aggregate includes gravel, slag, geosynthetic aggregates, sand, recycled concrete, and crushed stone, among other medium-grained particles. These goods are long-lasting, have a strong chemical resistance, and can survive extreme temperatures.
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Market Growth Factors
Over the forecast period, the emerging tourism industry, together with enormous expenditure for the construction of recreational projects, will generate profitable growth avenues for the construction aggregates business. Massive government effort on upgrading transportation amenities and developing power sector infrastructure will drive market trends. Increased construction of special economic zones, as well as favourable government legislation favouring foreign direct investment in construction activities, will further propel company growth.
Furthermore, large-scale requirement of malls and residential spaces is likely to generate massive demand for construction aggregates over the forthcoming years. Massive adoption of recycled construction aggregates due to need for conserving rapidly exhausting energy resources will further drive the business growth over the forecast timespan. Apart from this, massive use of readymade concrete materials is projected to offer new growth avenues for the construction aggregates industry over the ensuing years. Nonetheless, oscillating raw material costs will put brakes on the business growth over the years ahead.
Asia Pacific Market To Record Humungous Growth During Forecast Timespan
The Asia Pacific zone’s market expansion over the assessment period is attributable to the region’s rapid industrialization, as well as an increase in the number of construction activities as a result of the region’s growing population in countries such as India and China. Furthermore, growing residential and commercial activities will fuel regional industry expansion in the approaching years. Aside from that, growing urbanisation in countries such as Japan, China, and India will fuel the rise of the Asia Pacific construction aggregates market in the coming years.
Key participants profiled in the study are Martin Marietta Materials, Inc., PJSC LSR Group, CRH PLC, CEMEX S.A.B. de C.V., Vulcan Materials Company, Eurocement Holding AG, Heidelberg Cement AG, Adelaide Brighton Cement Ltd., LafargeHolcim Ltd., and Rogers Group Inc.
This report segments the global construction aggregates market into:
Global Construction Aggregates Market: Product Type Analysis
Global Construction Aggregates Market: End-User Analysis
Rest of Europe
Rest of Asia Pacific
Rest of Latin America
Middle East & Africa
Rest of Middle East & Africa
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