Global Construction Aggregates Market Report and Forecast 2024-2032

Global Construction Aggregates Market Report and Forecast 2024-2032

Global Construction Aggregates Market Report and Forecast 2024-2032

Market Outlook

According to the report by Expert Market Research (EMR), the global construction aggregates market size reached a value of USD 413.77 billion in 2023. Aided by the urbanisation, infrastructure development, and construction activities across diverse sectors, the market is projected to further grow at a CAGR of 4.9% between 2024 and 2032 to reach a value of USD 625 billion by 2032.

Construction aggregates, comprising crushed stone, gravel, sand, and recycled concrete materials, serve as the cornerstone of various construction projects, including residential, commercial, industrial, and infrastructure developments. These granular materials are primarily used as key ingredients in concrete, asphalt, road base, and drainage systems, providing structural support, stability, and durability to built environments.

Rapid urbanisation, population growth, and increasing infrastructure investments by governments and private entities are driving demand for construction aggregates worldwide and fuelling the construction aggregates market growth. Urban development projects, transportation infrastructure, residential construction, and commercial developments are significant contributors to aggregate consumption.

Road construction and transportation infrastructure development represent a major market driver for construction aggregates. The expansion and maintenance of highways, bridges, airports, and railway networks require substantial quantities of aggregates for pavement, sub-base, and drainage applications.

As per the construction aggregates market analysis, the construction of residential dwellings, commercial buildings, and mixed-use developments necessitates the use of aggregates for foundations, concrete structures, and landscaping. Growing populations and urbanization trends fuel demand for housing and commercial spaces, thereby driving aggregate consumption.

Industrial facilities, manufacturing plants, power generation facilities, and water infrastructure projects rely on aggregates for site preparation, foundations, and structural elements. Infrastructure investments in sectors such as energy, utilities, and water management drive construction aggregates market expansion.

Increasing emphasis on sustainability, resource efficiency, and circular economy principles is shaping the construction aggregates market. The use of recycled aggregates from demolished concrete and asphalt pavements, along with alternative materials such as slag, fly ash, and recycled glass, is gaining traction as a sustainable solution.

As per the construction aggregates market outlook, technological advancements in aggregate crushing, screening, and processing equipment are enhancing production efficiency, product quality, and environmental sustainability. Automated systems, remote monitoring, and digitalization are optimising plant operations and reducing energy consumption and emissions.

Quality control measures and performance specifications are becoming increasingly important in aggregate production and supply chains. Certified aggregates that meet construction aggregates market standards for gradation, strength, and durability are in high demand for critical applications in construction projects.

Sustainable construction practices, including the use of recycled aggregates, alternative materials, and energy-efficient production processes, are gaining momentum in the construction sector. Green building certifications and regulatory incentives drive demand for sustainable aggregates and environmentally friendly construction practices.

The importance of resilient infrastructure and disaster mitigation measures is driving demand for aggregates that enhance the resilience and durability of built environments which boosts the construction aggregates market share. Flood control systems, coastal protection measures, and infrastructure hardening projects require specialised aggregates for erosion control, slope stabilisation, and floodplain management.

Aggregate consumption patterns vary across regions and markets due to factors such as geology, infrastructure needs, construction activity levels, and regulatory requirements. Localized sourcing of aggregates and transportation logistics influence market dynamics and pricing structures.

The adoption of digital technologies and data analytics is transforming the construction aggregates sector, enabling stakeholders to optimise operations, improve decision-making, and enhance productivity. Digital platforms for inventory management, supply chain optimisation, and predictive maintenance streamline workflows and drive efficiency gains across the aggregates value chain.

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

Competitive Landscape

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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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.