Global Construction Aggregates Market

Global Construction Aggregates Market will expand at a notable CAGR of 6.1% by 2025
A recent business intelligence publication by Persistence Market Research (PMR) has observed that
the shares in the global construction aggregates market are fairly consolidated among a handful of
players who have established themselves over several decades. Players such as Vulcan Materials
Company, CEMEX S.A.B. de C.V., HeidelbergCement AG, LafarageHolcim, and CRH Plc have a
strong distribution network to cater to various countries. For instance, HeidelbergCement AG
operates through cements, aggregates, and ready-mix concrete and asphalt business lines.
The multinational group has presence in nearly 60 countries and has 3,000 plants, spread across
Western and Northern Europe, North America, Eastern Europe, and Central Asia. Vulcan Materials
Company, on the other hand, primarily operates in the U.S. and Mexico and has 344 sites for
producing construction aggregates. Both these companies have been aggressive about mergers and
acquisitions too. For instance, Vulcan Materials Company acquired of an asphalt plant in New
Mexico worth US$33.2 mn in 2016. On the other hand, HeidelbergCement AG acquired 45% shares
in Italcementi, an Italy-based cement and aggregate manufacturing group.
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As per the projections of the PMR report, the demand in the global construction aggregates market
will expand at a formidable CAGR of 6.1% during the forecast period of 2017 to 2025. Revenuewise, the opportunities in this market are estimated to translate into US$592.7 bn by the end of
2025, considerably more than the market’s evaluated valuation of US$370.4 bn in 2017. Martin
Marietta Materials Inc., LSR Group, CRH Plc, EUROCEMENT Group, and Adelaide Brighton Ltd.
are some of the other key vendors currently ahead of the curve in the global construction aggregates
market.
Growth of the construction aggregates market is predominantly driven by the development of largescale infrastructure projects in developing economies of Asia Pacific as well as in North America
and Europe, spurred by economic recovery. Governments of major economies are focusing on
development of transportation facilities and strengthening energy or power generation
infrastructure. For instance, in 2015, the Chinese government laid emphasis on the development of
300 infrastructure projects worth US$1.1 trillion to boost the country’s weakening GDP.
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In addition to that, innovation in technologies required for the production of aggregates has led to
increased efficiency of manufacturing processes, leading to significant productivity as well as high
quality of products. For instance, Haver & Boecker’s Hydro-clean washing unit cleans toxic
material from aggregates and reduces water consumption by around 75% as compared to
conventional log washer. Metso has developed a mobile jaw plant for aggregate crushing. The
mobile plant can be easily moved between different operating sites, saving time and improving
productivity.
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Although construction aggregates are low cost materials due to its heaviness, the transportation
costs are much higher, which is the primary restraint over the growth of the market for the same.
Usually, more than half of aggregates are transported via road and in some regions, shipping cost of
an aggregate can outweigh the production cost if the material is trucked for more than 20 miles. In
addition to that, obtaining permission for a mining site is difficult and time-consuming due to
environmental laws, land development laws, and zoning laws. This is another key challenge over
the prosperity of the construction aggregates market. For instance, California has 74 bn MT of
reserves in government-approved mining land, although mining is permitted in only 6-8% of the
land.

Global Construction Aggregates Market to Record an Impressive Growth Rate of S$ 592.7 Bn by 2025

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