Construction aggregates are crushed stones or gravels used with cement and sand to produce concrete that is used in the construction industry. Concrete is one of the most valuable and versatile construction materials. The growing construction industry due to increased infrastructure development across both developed and emerging economies is driving the demand for construction aggregates.
The global construction aggregates market is estimated to be valued at US$ 528.09 Bn in 2023 and is expected to exhibit a CAGR of 6.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Increased government spending on infrastructure development projects such as roads, bridges, affordable housing projects, and urban infrastructure is one of the major trends accelerating the growth of the construction aggregates market. Construction aggregates are the basic raw materials used to produce concrete and asphalt required to build these large infrastructure projects. With growing population and urbanization globally, governments are focusing on improving transportation and urban infrastructure to support economic growth. This rising government investment in infrastructure is directly influencing the increasing demand for construction aggregates during the forecast period.
Segment Analysis
The global construction aggregates market is dominated by the crushed stone segment. Crushed stone accounts for over 60% of the total market share as it is widely utilized in concrete production and asphalt for its viability and structural properties. Being a highly cost-effective material, crushed stone finds applications across residential, commercial and industrial infrastructure projects. Among materials, crushed stone is exceedingly durable and able to withstand compression better than gravel and sand in construction activities.
Key Takeaways
The Global Construction Aggregates Market Size is expected to witness high growth.
Regional analysis: Asia Pacific region dominates the global construction aggregates market with China holding the major share. Factors such as rapid urbanization, growing infrastructure sector and massive investments in building roads and highways have been driving the demand for construction aggregates in the Asia Pacific region.
Key players related content comprises Key players operating in the construction aggregates market are Sika Ag, Trelleborg Ab, Henkel Ltd., Flexcon Company, Inc, Nitto Denko Corporation, Pyrotek Inc.
Get more insights on this topic:
https://www.dailyprbulletin.com/construction-aggregates-market-share/
Check below trending articles related to this topic:
https://careersplay.com/chai-chickpeas-nourishing-journey-through-the-colors-of-vegan-indian-cuisine
Explore more trending article related to this topic:
COVID-19 Impact Analysis on Construction Aggregates Market report published by Value Market Research provides a detailed market analysis comprising market size, share, value, growth and trends for the period 2020-2027.
Moreover, this market report also covers regional and country markets in detail.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the construction aggregates market include Неіdеlbеrg Сеmеnt АG, Маrtіn Маrіеttа Маtеrіаlѕ, Іnс., LЅR Grоuр РЈЅС, LаfаrgеНоlсіm Ltd., СЕМЕХ Ѕ.А.В.
dе С.V., Vulсаn Маtеrіаlѕ Соmраnу, СRН рlс, Еurосемеnт Ноldіng АG., Аdеlаіdе Вrіghtоn Lтd.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Construction Aggregates Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/construction-aggregates-market/download-sampleMarket DynamicsThe market is predominantly driven by the growth of the construction sector over the past year.
In addition to this, rapid infrastructural development coupled with rising investment activities, mainly in emerging countries like India and China, has surged the demand for construction aggregates.
