Construction Aggregate Industry is anticipated to attain a valuation of USD 679.67 billion, expanding at a CAGR of 7.30% between 2023 to 2032.
Research Reports
Aug 10, 2023
Market Research Future Insights
According to MRFR analysis, the global Construction Aggregate Market is expected to register a CAGR of ~ 7.30% from 2023 to 2032 and hold a value of over USD 679.67 Billion by 2032.
The rising construction industry due to the increase in the number of residential and commercial units coming up augmented urbanization and industrialization, and a large number of projects related to roads, railways, and airports, are anticipated to drive the Construction Aggregate Market. Government investments, particularly in commercial and residential construction, are the main drivers for the growth of the Construction Aggregate Market The construction aggregates market was severely hindered during the lockdown period as construction activities were stopped for a brief period. However, the market rapidly recovered after the restrictions were raised.
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Market Segmentation
The Global Construction Aggregate Market has been segmented into Type and Application
Based on Type, The Global Construction Aggregate Market has been segmented into Sand, Gravels, Crushed Stones, and others. Crushed stones are the most popular aggregates product, with the major market share. Crushed stone demand has expanded as the building industry has full-grown, particularly in emerging economies.
Based on Application, The Global Construction Aggregate Market has been segmented into Industrial, Residential, Infrastructure, and Commercial. Urbanization has led to the extension of the residential sector, especially in developing countries such as India and China. Thus, the residential segment is anticipated to dominate.
Key Players
Adelaide Brighton Ltd
CEMEX S.A.B. de C.V
CRH, Heidelberg cement AG
Holcim Ltd.
Martin Marietta Materials Inc.
Rogers Group Inc.
SIKA Group
Vicat SA
Vulcan Materials Company
among others
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Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
Continue…
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Regional Analysis
Asia-Pacific dominated the market share of construction aggregate. The present construction industry in the area is to blame for this expansion. According to statistics provided by the IMF, the COVID-19 epidemic will probably have the least impact on the region’s economy. In the imminent years, construction spending in the region is expected to upsurge, driving aggregate demand. This is owing to the region’s rapid industrialization and urbanization, the comeback of foreign investment funds, and increasing disposable income levels.
Europe accounted for the second-largest market share in the market owing to the general economic slowdown and political unpredictability, such as Brexit, building activity growth has slowed in Europe during the preceding few years. Additionally, the stringent mining regulations inspire the use of sustainable construction aggregates in the region. These elements generate profitable chances for market participants to adopt new product developments and upsurge local production capacity.
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