Construction Aggregates Market By Type (Crushed Stone, Sand & Gravel), By Applications (Residential, Non-Residential), By Transportation Mode (Truck, Train, Ship): Global Opportunity Analysis and Industry Forecast, 2021-2031

Construction Aggregates Market By Type (Crushed Stone, Sand & Gravel), By Applications (Residential, Non-Residential), By Transportation Mode (Truck, Train, Ship): Global Opportunity Analysis and Industry Forecast, 2021-2031

The construction aggregates market was valued at $375,269.3 million in 2021, and is projected to reach $621,069.04 million by 2031, registering a CAGR of 5.05% from 2022 to 2031.The most mined granular product in the world is aggregate. It is a fundamental component of composite materials such as concrete and asphalt concrete. These resources are recovered by finely drilling and blasting natural deposits such as granite, limestone, and falling rocks. .These aggregates are generally used as foundation materials for airport runways, highways, trains, and parking lots. These are also utilized for soil erosion management, filtration, and purification. Construction aggregates have emerged as a feasible solution for infrastructure concerns, while the supply-demand gap for natural sand remains unfilled. Construction aggregate remains a component of infrastructural, commercial, industrial, and housing development projects despite major worries about natural resource depletion.

Rise in construction of houses, apartments, and workplaces had led to growth of the market, owing to rise in product demand from the population. Involvement of governments in housing developments as well as travel and tourist activities help to increase building aggregate usage. These aggregates can be utilized in a variety of building application. They are also used in concrete to decrease cracks and, most significantly, to strengthen the structure. The expanding tourist industry is expected to boost expansion of the construction aggregate market, especially when combined with greater investments in the development of tourist projects. As a result, the building aggregate market is predicted to increase with growth in the travel and tourist industry. The global aggregate market is expected to develop, owing to increase in advances in aggregate production technologies aimed at improving efficiency and productivity of manufacturing processes while producing high-quality products. For instance, the Haver & Boecker HydroClean washer cleans hazardous materials from adhesives and reduces water consumption by about 75%, compared to conventional wooden washers. In addition, use of building information modeling (BIM) is expected to speed up digital revolution in the construction industry. Time management, financial planning, raw material sustainability, waste reduction, and enhanced overall project performance are all aided by BIM. These factors propel the market growth.

High transportation costs of aggregates, owing to the fact that they are transported from far away mining locations to construction locations hamper the market growth. Transportation costs account for around 50% of the total construction costs. Hence, such factors are expected to limit the market growth throughout the forecast period.

Use of sustainable construction aggregates is encouraged by the rigorous mining rules of various countries. These variables present market participants with profitable prospects to combine product innovation with growth of domestic manufacturing capabilities. As a result, these factors are expected to provide lucrative opportunities for the market growth.

The global construction aggregates market is segmented on the basis of type, application, transportation method, and region. On the basis of type, the market is segmented into crushed stone, sand, and gravel. By application, it is segmented into commercial, residential, and industrial. By transportation method, it is segmented into Trucks, trains, and ships. Region wise, the global construction aggregates market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

KEY BENEFITS FOR STAKEHOLDERS

• The report provides an extensive analysis of the current trends, future estimations, and dynamics of the construction aggregates market.
• In-depth construction aggregates market analysis is conducted by estimations for key segments between 2022 and 2031.
• Extensive analysis of the market is conducted by following key product positioning and monitoring of top competitors within the market framework.
• A comprehensive analysis of four major regions is provided to determine the prevailing opportunities.
• The market forecast analysis from 2022 to 2031 is included in the report.
• The key market players operating in the market are profiled in this report and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the market industry.

Key Market Segments

By Type

Crushed Stone
Sand Gravel

by APPLICATIONS

Non-Residential
Residential

By Transportation Mode

Truck
Train
Ship

By Region

North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
France
Italy
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa

Key Market Players

Adelaide Brighton Ltd.
CEMEX S.A.B. de C.V.
CRH
Heidelbergcement AG
Holcim Ltd.
Martin Marietta Materials Inc.
Rogers Group Inc.
SIKA group
Vicat SA
Vulcan Materials Company

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