Recycled Concrete Aggregates Market Growth & Trends
The global recycled concrete aggregates market size is anticipated to reach USD 13,009.8 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.8% from 2022 to 2030. The market is predominantly driven by the growing usage of recycled materials in order to conserve natural resources. Concrete pavement companies consider the recycling of concrete pavements and the use of processed recycled concrete aggregate within new pavement structures as a standard and essential practice due to various economic, environmental, and societal (sustainability) benefits.
Concrete aggregate made from recycled materials reduces the harmful environmental effects of cement manufacturing, creating a more sustainable product. Concrete's popularity as a building material and the increased demand for non-renewable raw materials, such as aggregate, are causing an increase in demand for non-renewable raw materials. Recycled concrete aggregates are widely used in the roadway and pavement, bridges bulk fills and riverbank protection, concrete manufacturing, and in other contractions activities. Thus, the demand for recycled concrete aggregates is increasing across the globe as a sustainable source of materials.
Key concrete aggregate manufacturers are promoting recycled materials as sustainable and environmentally friendly, which has a positive impact on the market. Additionally, the on-site recycling service offered by several manufacturers creates huge opportunities for the market. A major impact of the COVID-19 pandemic has been felt by the construction sector, a sensitive sector to economic cycles. There have also been disruptions in the industry as many countries have closed their construction sites. In addition, most of the open sites have faced disruptions in supply chains and operational restrictions.
Recycled Concrete Aggregates Market Report Highlights
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