Construction Aggregates Market By Type (Crushed Stone, Sand and Gravel), By Application (Non-Residential, Residential), By Transportation Mode (Truck, Train, Ship): Global Opportunity Analysis and Industry Forecast, 2023-2032
The construction aggregates market was valued at $3,75,269.3 million in 2021, and is projected to reach $6,67,844.4 million by 2032, registering a CAGR of 5.2% from 2023 to 2032. 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 critical material for infrastructural, commercial, industrial, and housing development projects.
The rise in the construction of houses, apartments, and workplaces led to the growth of the market, owing to the rise in product demand from the population. The involvement of governments in housing developments as well as travel and tourist activities help to increase building aggregate usage. 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 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 and sand & gravel. By application, it is segmented into residential and non-residential. As per 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).
Competition Analysis
Key companies profiled in the construction aggregates market report include Adelaide Brighton Ltd., CEMEX S.A.B. de C.V., CRH plc, Heidelberg Cement AG, HOLCIM, Martin Marietta Materials Inc., ROGERS GROUP INC., SIKA Group, Vicat SA, and Vulcan Materials Company. The major players that operate in the global market have adopted key strategies such as acquisition, business expansion, product launch, and other strategies to strengthen their market outreach and sustain the stiff competition in the market.
Key benefits for stakeholders
The report provides an extensive analysis of the current and emerging construction aggregates market trends and dynamics.
In-depth market analysis is conducted by constructing market estimations for the key market segments between 2021 and 2032.
Extensive analysis of the construction aggregates market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
A comprehensive analysis of all regions is provided to determine the prevailing opportunities.
The global construction aggregates market forecast analysis from 2023 to 2032 is included in the report.
Key Market SegmentsBy TypeCrushed Stone
Sand and Gravel
By ApplicationNon-Residential
Residential
By Transportation ModeTruck
Train
Ship
By RegionNorth America
U.S.
Canada
Mexico
Europe
Germany
UK
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
Rogers Group Inc.
Holcim Ltd.
Adelaide Brighton Ltd.
CEMEX S.A.B. de C.V.
Sika AG
Vulcan Materials Company
CRH
Vicat SA
HeidelbergCement AG
Martin Marietta Materials Inc.
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