Global Construction Aggregates Market – Market Size & Forecast To 2032
The global construction aggregates market is estimated to be worth of USD 534.2 Billion in 2023 and is growing at a CAGR of 3.20% during the forecast period from 2023 to 2032. Construction aggregates market refers to the industry that deals with the production, supply and sale of construction materials like sand, gravel, crushed stones, and other materials used in the construction of buildings, roads, bridges, and other infrastructure projects. The market is expected to grow significantly over the next few years due to the rising demand for construction activities globally.
The demand for construction aggregates is driven by the increasing urbanization, infrastructure development, and rising population in the developing countries. Also, the increasing demand for housing, coupled with the growing tourism industry, is driving the demand for construction aggregates. The market is expected to grow as a result of the increasing investments in the construction sector and rising demand for infrastructure development in the emerging economies of Asia-Pacific, Africa, and Latin America.
Increase in infrastructure spending: With the growing population and urbanization, the demand for infrastructure such as roads, bridges, airports, and housing is increasing, leading to an increase in the demand for construction aggregates. Governments are investing heavily in the development of these infrastructure projects, leading to an increased demand for construction aggregates.
Rise in construction industry: The construction industry is a key driver of the construction aggregates market. The increasing demand for residential, commercial, and industrial construction projects, coupled with the rising need for new housing, is driving the growth of the construction aggregates market. With the rise in population and urbanization, the need for new construction projects is expected to increase, thereby leading to a higher demand for construction aggregates.
Construction aggregates market segmentation can be done based on product type, application, transportation mode and geography. Based on product type, the market is segmented into crushed stones, sand, gravel, and others. Based on application, the market is segmented into residential, commercial, infrastructure and others and based on grain size it is segmented into Very Large (80-150 mm), Large (80-40 mm), Medium (20-40 mm), Small (4.75-20 mm).and by shape it is segmented into rounded aggregates, angular aggregates, irregular aggregates, flaky aggregates and elongated aggregates. Based on geography, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
Construction aggregates market is highly fragmented and competitive, with a large number of players operating in the market globally. Some of the key players in the market are Vulcan Materials Company, Martin Marietta, Lafarge Holcim, CEMEX, HeidelbergCement, and Eurocement.
In conclusion, the construction aggregates market is expected to grow significantly in the coming years due to the rising demand for construction activities globally. The increasing urbanization, infrastructure development, and rising population in the developing countries are driving the demand for construction aggregates. The market is highly fragmented and competitive, with a large number of players operating in the market globally.
Based on product type, the market is segregated into Sand, Gravels, crushed stones and concrete.
Construction aggregates are a group of materials used as raw materials in the construction industry. They are natural or artificial materials that are combined to form the foundation and structure of buildings, roads, bridges, and other infrastructure projects. The product type of construction aggregates includes sand, gravels, crushed stones, and others. Sand is a naturally occurring granular material that is composed of fine grains of rock, minerals, and organic materials. It is commonly used in construction as a filler material and as a base for pavers and masonry units. Sand is also used in various applications such as concrete, mortar, and plaster. Gravels are a type of construction aggregate that consists of small rocks and stones. They are usually used in construction to provide stability and drainage in building foundations, roadbeds, and other types of civil engineering projects. Gravels come in various sizes and shapes and are available in different colors. Crushed stones are a type of construction aggregate that are created by breaking down ones larger rocks into smaller pieces. They are commonly used as a base material for road construction, building foundations, and other infrastructure projects. Crushed stones are available in a variety of sizes and colors and can be used for various construction applications. Other types of construction aggregates include slate, limestone, marble, and others. They are typically used for specific construction projects and applications. For example, marble is often used as a decorative stone, while slate is used for roofing and flooring. On the basis of application the market is categorized into Residential, Commercial and industrial
The global market for construction aggregates is dominated by the residential sector. Construction aggregates are utilized in a variety of construction-related applications in this industry, including concrete slabs, foundation walls, driveways, sidewalks, and patios. Products made of construction aggregate can help a project become stronger and more durable overall while costing less. By lowering the amount of asphalt or concrete needed for a project, they also significantly contribute to reducing environmental effect. Concrete, asphalt, and mortar are a few examples of commercial construction materials that contain aggregates. Aggregate (often gravel or crushed stone), cement, and water are combined to create concrete, a composite material. It is a popular building material since it is sturdy, long-lasting, and reasonably priced. For paving surfaces, bitumen is used with sand or gravel. Sand, lime, and cement are combined to make mortar, which is used to bind stones or bricks together. For the majority of commercial construction projects, these three elements are necessary.
On the basis of shape the market is categorized into rounded aggregates, angular aggregates, irregular aggregates, flaky aggregates and elongated aggregates
The aggregate shape is similar to the rounded and angular. When choosing the aggregate, it is important to keep in mind that the shape of the aggregate has an impact on the strength of the concrete. Because they have a tendency to roll over one another, spherical aggregates are inappropriate for an embankment. They have vacancies between 30 and 35 percent. There is little need for cement paste. Round aggregates are often avoided because they have a lower inclination to interlock and a higher tendency to slide. The angular aggregates are connected by interlocking bonds. As a result, the angular aggregates are stronger than the rounded aggregates. In order to preserve the quality of concrete, only angular aggregates are utilized in construction.
Based on region, the construction aggregates market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. In 2022, the Europe accounted for the significant share xx.xx% in the global construction aggregates market. This region was valued at USD xx.xx million in 2022, and it is projected to grow at a CAGR of xx.xx% during the forecast period, reaching USD xx.xx million by 2032.
The global market is being led by North America. According to estimates, the construction industry will grow as a result of continued home construction and housing renovation. In turn, during the forecast period, this is anticipated to increase demand for building aggregates in the United States. For instance, the U.S. Rural areas are becoming urban centers in Asia Pacific, and this trend is anticipated to continue to be the main source of income for the building aggregate sector. Europe is now working on a number of infrastructure projects, including the construction of light rail lines, apartment buildings, and retail spaces. This encourages the market in the area to expand. Africa, Asia, Europe, and Latin
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook