Construction Aggregates

Construction Aggregates Market - Size, Share,
Trends, and Forecast to 2025
Construction aggregates are inert granular material such as gravel, sand, and
crushed stones, which are used with a binding medium such as lime, water and
portland cement, and others to form compound materials such as concrete and
asphalt concrete. Growing infrastructural and residential sectors are expected to
drive growth of the construction aggregates market over the forecast period.
According to the office for National Statistics, the value of construction new work was
US$ 114,977.3 million and is expected to grow continuously, owing to growing
private sector.
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Among product type, the crushed stones segment is expected to account for a
significant market share over the forecast period. According to U.S. Department of
the Interior, U.S. Geological Survey, in U.S., the total of 1.33 billion metric tons of
crushed stones was produced for consumption in 2015.
Among end-use industry, the residential segment is expected to account for a
significant revenue share over the forecast period. This is attributed to growing
residential construction. According United States Census, the value of residential
construction was US$ 560,088 million.
Asia Pacific is the fastest growing region in the global construction aggregates
market, owing to increasing construction market in emerging economies such as
India and China. According to India Brand Equity Foundation (IBEF), India is
expected to become third largest construction market by 2025, globally. Also, India,
U.S., and China are expected to account for around 60% of all global growth in the
sector by 2025.
North America is expected to account for significant market share in the global
construction aggregates market, in terms of revenue over the forecast period.
Increasing demand for recycled aggregates coupled with growing investment in
constructional activities is fueling growth of the construction aggregates market.
According to United States Census Bureau, the U.S. spends over US$ 1 trillion on
infrastructure construction annually.
Europe held substantial market share in 2017, in the global construction aggregates
market. Aggregates are extracted in larger quantities in European countries such as
U.K. as compared to other minerals, which is fueling growth of the construction
aggregates market in this region. According to the Office for National Statistics,
primary aggregates, which are produced from naturally occurring mineral deposits,
accounted for around 55% in 2009.
The construction aggregates market was valued at US$ 358.80 Bn in 2016 and is
expected to expand at a CAGR of 6.3%, in terms of revenue, during 2017 – 2025.
Europe accounted for the lucrative revenue share of 27.5% in the global construction
aggregates market in 2017, and is expected to maintain its dominance over the
forecast period.
Various manufacturers are engaged in merger and acquisition to enhance their
global presence. For instance, in 2017, Aggregates Industries in Europe, acquired
Kendall Group, one of the leading ready mix concrete and aggregates manufacturer
to expand its operations in South of England.
Among end-use industry, infrastructure segment accounted for around 36.0% of
global construction aggregates market share in terms of revenue in 2017, and is
projected to witness significant growth over the forecast period.
Growing trend of using recycled aggregated, owing to its cost effectiveness and it is
considered as green construction material, which is further driving growth of the
construction aggregates market.
Major Players in the Global Construction Aggregates Market
Some of the key players operating in the global construction aggregates market
include Vulcan Materials Company, PJSC LSR Group, Heidelberg Cement AG,
LafargeHolcim Ltd, Martin Marietta Materials, Inc., CEMEX S.A.B. de C.V.,
Eurocement Holding AG, CRH plc., Adelaide Brighton Cement Ltd., and Rogers
Group Inc.
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The construction aggregates market was valued at US$ 358.80 Bn in 2016 and is expected to expand at a CAGR of 6.3%, in terms of revenue, during 2017 – 2025

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