According to the report by Expert Market Research (EMR), the global construction aggregates market size reached a value of USD 450.85 billion in 2023. Aided by the relentless demand for residential, commercial, and infrastructure developments worldwide, the market is projected to further grow at a CAGR of 5.8% between 2024 and 2032 to reach a value of USD 750.98 billion by 2032.
Construction aggregates, comprising crushed stone, sand, gravel, and other materials, are foundational to the construction of buildings, roads, bridges, and other structures. Their pivotal role in providing strength, durability, and stability to construction projects underpins the continuous expansion of the aggregates market.
The relentless urbanisation and industrialisation across the globe serve as primary drivers of the construction aggregates market demand. The surge in infrastructure projects, including transportation networks, housing developments, and urban centres, necessitates vast quantities of aggregates, fuelling the market’s growth.
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Environmental sustainability and the adoption of green construction practices have also influenced the aggregates market. There is a growing emphasis on recycling and reusing construction materials, which has spurred the development of recycled aggregates. This trend not only addresses environmental concerns but also opens new avenues for market players to innovate and expand their product offerings.
Furthermore, advancements in extraction and production technologies have streamlined the manufacturing processes for aggregates, enhancing efficiency and reducing costs. These technological improvements have enabled the production of high-quality aggregates that meet the stringent standards required for modern construction projects.
The Asia-Pacific region holds a significant portion of the construction aggregates market share, driven by the rapid urbanisation and infrastructure development in countries such as China and India. The region’s vast population and growing economy demand extensive construction activities, propelling the demand for aggregates.
North America and Europe also hold significant shares of the market, supported by the renovation of aging infrastructure and the adoption of advanced construction techniques. The emphasis on sustainable construction practices in these regions further influences the demand for recycled and eco-friendly aggregates.
The construction aggregates market demand is poised for sustained growth, buoyed by the global demand for infrastructure and housing. As the construction industry continues to evolve, the aggregates market will remain integral to its progress, adapting to the challenges and opportunities presented by environmental concerns and technological advancements. The future of the construction aggregates market is bright, with potential for innovation and expansion in response to the changing dynamics of construction practices and sustainability standards.
Construction Aggregates Market Segmentation
The market can be divided based on material, application, and region.
Market Breakup by Material
- Crushed Stones
- Gravel
- Sand
- Others
Market Breakup by Application
- Residential
- Commercial
- Industrial
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Competitive Landscape of Construction Aggregates Market
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global construction aggregates market. Some of the major players explored in the report by Expert Market Research are as follows:
- Compagnie de Saint Gobain SA
- Cement Roadstone Holding plc
- Holcim Ltd.
- China Resources (Holdings) Co., Ltd.
- Aditya Birla Group (Grasim Industries Ltd.)
- Martin Marietta, Inc.
- Heidelberg Materials AG
- Cemex S.A.B. de C.V.
- BBMG Corporation
- ADBRI Ltd.
- Vulcan Materials Company
- Others
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