Global Market Study on Construction Aggregates: Proliferation of Infrastructure Development to Prominently Drive Growth; Recycling of Used Aggregates to Trend Further


Global Construction Aggregates  Market
  • Published On : Jun-2018 |
  • Pages : 223 Pages |
  • Format :

Persistence Market Research presents an extensive forecast of global construction aggregated market between 2018 and 2026. The principal objective of the report is to present discernments on various developments in the global construction aggregates market. The study provides an overview of market dynamics that are expected to influence the growth of the global construction aggregates market over the forecast period.

The report starts with a market overview and provides market definition and synopsis. The section that follows, presents the product overview by highlighting the manufacturing and processing of the various type of construction aggregates. The further section projects various macroeconomic factors followed by market dynamics which include market drivers, restraints and trends in the global construction aggregates market.

The next section of the report provides market share analysis, Y-o-Y growth and market attractiveness analysis on the basis of segments i.e. product type, application and region. It provides a global market outlook for 2018–2026 and sets the forecast within the context of the global construction aggregates, including the volume consumption along with market value and assessment of opportunities in the specified region. The section represent market value and volume of each type of construction aggregates in the specified region or country.

In further section of the report, a competitive landscape has been included to offer report audiences with a dashboard view. Detailed profiles of manufacturers are also included within the scope of the report in order to evaluate their key offerings, long & short-term strategies and recent progresses in the construction aggregates market. Some of the players in global construction aggregates market include HeidelbergCement AG, Martin Marietta Materials Inc., LSR Group, LafargeHolcim Ltd., CEMEX S.A.B. de C.V., Vulcan Materials Company, CRH Plc., Eurocement Group, Adelaide Brighton Ltd. and others.

Report methodology

Extensive secondary research to ascertain overall market size and major industry players. When developing the market forecast, we have started by sizing the current market, which forms the basis for forecasting how the market is expected to take shape in the near future. Data gathered through secondary research and after detailed discussions with key stakeholders in the global construction aggregates market is validated through the triangulation method and further scrutinised using advanced tools to obtain pertinent qualitative and quantitative insights. It is imperative to note that in an ever-changing global economy, we not only conduct forecasts in terms of CAGR, but also analyse the same on the basis of key parameters like year-on-year (Y-o-Y) growth to recognize the right prospects for market players.

Another important key feature of this report is the demarcation of all key segments in terms of absolute dollar. This is usually overlooked while forecasting the market. However, absolute dollar opportunity is critical in evaluating the level of opportunity that a benefactor can look to attain, as well as detect potential resources from a sales and delivery viewpoint in the construction aggregates market. In addition to this, we have also reported recommendations and key success factors for new competitors in global construction aggregates market report.

Global Construction Aggregates Market Segmentation

By Product Type

By Application

By Region

  • Crushed Stone
  • Sand
  • Gravels
  • Other Aggregates
  • Commercial
  • Residential
  • Industrial
  • Infrastructure
  • North America
  • Europe
  • SEA & Other APAC
  • Latin America
  • MEA
  • Japan
  • China
  • A thorough analysis has been provided for every segment in terms of market size analysis for the global construction aggregates market.

Analysts Speak

What we have observed is that the construction aggregates are amongst of the most mined materials across the globe. The consumption of construction aggregates in any region or countries is directly dependent on the construction activities and availability of the natural resource in the respective countries. The extraction and processing of construction aggregates involves large number of small scale players as they can be easily obtained from natural resource and can be processed very easily. The construction aggregates market in developed countries of North America and Europe is highly regularised by the respective governments which offers balanced market conditions for the player in the market. While in certain developing counties the construction aggregates market is relatively less regularised owing to large number players involved in of unauthorized and illegal mining and dredging of the construction aggregates offering products at relatively low costs as compared to major players in the market.

The global construction aggregates market is mainly driven by the infrastructure development activities in the particular region. As the various governments are emphasising to improve the infrastructure and public utilities, it is estimated to create highly attractive market conditions for the construction aggregates market players. Although, rising environment concern, extinction of natural resources and stringent laws against mining are some factors affecting the growth of the construction aggregates.

Recycled Construction Aggregates to Fabricate Attractive Revenue Generation Channels

Aggregate recycling, which involves breaking, removing, and crushing existing aggregates into the materials of specified quality and size, will potentially register higher traction. As the process of aggregate recycling preserves the natural resources intact, offering efficiency in terms of both cost and energy. In a nutshell, growing demand for recycled construction aggregates is expected to efficiently conserve diminishing resources of urban aggregates, and effectively help local governments meet the production targets.

Recycling of used inorganic construction materials, being a prominent trend within developed regional markets at present, is projected to boost the current scenario over the next few years. While European countries have been spearheading the recycled aggregates production, other countries such as North America, Latin America, and Oceania countries are anticipated to enhance recycling practices, especially of the inorganic construction materials. However, inadequate government initiatives in the developing regions such as India, China, and Africa will remain a longstanding factor hampering the market growth in terms of recycling of construction demolition waste. Recycled aggregates is increasingly being considered as an effective alternative to conventional ones, and the growing popularity is chiefly attributed to increasing inclination of consumers as well as manufacturers, towards sustainability.

Thriving Infrastructure & Residential Sectors Continue to Build Growth Path for Construction Aggregate Manufacturers

The infrastructure sector currently accounts for a sizeable market value share of more than 40%, followed by the residential sector with around 25% share. Expanding government investments towards rail and road infrastructure projects, are presumed to extend strong support to the sales of construction aggregates.  Projects such as remodelling of old airports and development of new airport structures, will also continue to drive growth of the market in next eight years. Substantial revenue generation opportunities will reportedly spring up in developing regions, as governments are introducing a wide range of residential programs and housing schemes. Industrial players are striving for augmented market shares by targeting regional markets for expansion.

global construction aggregates market industry

Among product types, crushed stone is estimated to hold a significantly large share of the total market revenue, owing to exponential infrastructure development. Sand is also one of the key product types; however, manufactured sand appears to gradually replace natural sand over the assessment period. As commodity prices have moved towards stability, a slew of sustainable market opportunities have cropped up in the recent past. This has been translating into a positive growth outlook for various regional markets operating in the construction industry. As a majority of regional governments are initiating hefty investments in infrastructural development, it is most likely that the demand for construction aggregates will maintain a growing trajectory in next few years.

In terms of value, the global revenue of construction aggregates market is estimated to be valued at over US$ 565.8 Bn by the end of 2026. Over an eight year projection period 2018-2026, the market is expected to progress at a CAGR of 6.8% through 2028, reflecting robust growth prospects in upcoming decade.

Exploding industrialization and urbanization will continue to create high demand prospects in China, test of Asia Pacific, and rapidly thriving economies in South East Asia. China will however remain the global leader throughout the forecast period, 2018-2026. Furthermore, developing regions such as Middle East & Africa, and Latin America will reportedly represent low-volume high-growth markets, owing to rapid growth of the construction industry and increasing number of organizational tie-ups.

Company Profiles

  • HeidelbergCement AG
  • Martin Marietta Materials Inc.
  • LSR Group
  • CEPSA
  • LafargeHolcim Ltd
  • Cemex SAB de CV ADR
  • Vulcan Materials Company
  • CRH plc
  • Adelaide Brighton Ltd.
  • Eurocement Group
  • ROGERS GROUP INC.
  • Others.
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