Construction aggregates are a broad category of granular materials such as crushed stone, stone, and gravel etc., which find application in construction activities. Aggregates are the world’s most mined materials. Aggregates offer resistance to wear and erosion, volume stability, and other desired physical properties to the finished product.
Crushed stones are an important type of construction aggregates, typically obtained by mining suitable deposits of rock and breaking down the obtained rock to preferred size by means of crushers. Crushed stones find application in road construction, railroad track ballast, as a binder in concrete, tarmac, etc. It also finds use in landscape design, for gardening purposes, as a mulch, and driveway pavements, among other uses.
Sand is typically a loose naturally occurring granular substance, which is obtained by means of erosion of siliceous and other rocks. Sand can either be obtained naturally through river beds or can be manufactured using certain machines. In terms of particle size, sand particles range in diameter from 0.0625 mm to 2 mm. Sand finds application in concrete, landscaping, and for making artificial reefs and islands, etc.
Gravels constitute rock fragments, ranging from granular to boulder-sized fragments. Gravels are often produced by quarrying and crushing hard-wearing rocks, including limestone, sandstone, and basalt. Gravels finds major use in applications such as concrete, road construction, etc.
Manufacturers and producers of construction aggregates are consistently investing in research and development activities in order to upgrade existing technology and to develop newer ones.
New trends such as manufactured sand and recycled aggregates, along with rising investment in infrastructure globally are driving the growth of the global construction aggregates market. However, high transportation costs, stringent zoning regulations, seasonal factors, and rising energy costs are expected to act as restrains to a growth of the global construction aggregates market.
The growth of the construction industry, increasing construction spending, increasing cement consumption globally, and rising GDP rates in developing economies are some of the other major market drivers.
In terms of geography, China dominates the global construction aggregates market, contributing around 26.4% to the overall market (by volume) in 2014, followed by North and Central America. This is due to increased deployment of construction aggregates in the region.
This report provides in-depth analysis and estimation of the construction aggregates market for the period 2015–2021, considering 2014 as the base year of calculation. In addition, data pertaining to current market dynamics, including market drivers, restraints, trends, and recent developments have been provided in the report. The construction aggregates market is segmented on the basis of application, product type and region. Based on applications, the market is segmented into commercial, residential, industrial, and infrastructure.
Based on product type, market segmentation includes crushed stone, sand, gravel, and other aggregates. On the basis of geography, the report identifies and analyses market size and offers projections for North and Central America, South America, Northern Europe, Southern Europe, CIS countries, India, China, Australia and New Zealand, Rest of Asia-Pacific, Middle East and Africa.
The Construction aggregates market report covers exhaustive analysis on
Construction aggregates are a broad category of granular materials such as crushed stone, stone, and gravel etc., which finds application in construction activities. Aggregates are the world’s most mined material. Aggregates give resistance to wear and erosion, volume stability, and other desired physical properties to the finished product.
Construction aggregates are mainly used in the applications such as commercial, residential, Industrial, and infrastructure in a number of construction activities. In terms of volume, the highest CAGR of 6.1% is observed in the residential segment for the forecast period. However, the infrastructure segment constitutes of 40.4% of the total market share in 2014, in terms of volume.
The global construction aggregates market is anticipated to grow from an estimated USD 329.3 Bn in 2015 to USD 468.2 Bn by 2021 at a CAGR of 6.0% during the forecast period.
New trends such as manufactured sand, and recycled aggregates, along with the rising investment in infrastructure globally are driving the growth of the global construction aggregates market, whereas the high transportation costs, stringent zoning regulations, the seasonal factors, and the rising energy costs restrain the growth of the global construction aggregates market
China was the biggest consumer of construction aggregates and dominated the global construction aggregates market in 2014, followed by North and Central America. China also represents the fastest growing region in the construction aggregates market in terms of value growing at healthy CAGR of 7.5%, however, developing economies like India and the Middle East are also anticipated to witness a considerable growth rate in construction aggregates market during the forecast period.
In order to reduce its dependence on oil, GCC (Gulf Cooperation Council) have undertaken major steps as a part of the economy transformation. A few infrastructure development steps undertaken by these countries include following projects, and these are highly expected to impact the construction aggregates market demand in the region
Key players in the global construction aggregates market included in the report: