Global Construction Aggregates Market, 2015-2021
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Global Construction Aggregates Market Revenue Expected to Reach US$468.2 Bn by 2021 : Persistence Market Research
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Global Construction Aggregates Market, 2015-2021 Persistence Market Research Released New Market Report According to a new market report published by Persistence Market Research “Global Market Study on Construction Aggregates: Supported by Infrastructure Investments to Reflect Over 5% CAGR by 2021 ”. According to analysis results, the global construction aggregates market is estimated to reach a value of US$ 329.3 Bn by 2015 end, which is expected to expand at a CAGR of 6.0% from 2015 to 2021, to reach a market value of US$ 468.2 Bn by 2021. In terms of volume, the global construction aggregates market is estimated to register a CAGR of 4.6% over the forecast period.
Construction aggregates are a broad category of granular materials such as crushed stone, stone, and gravel etc., which find application in construction activities. Aggregates are the world’s most mined materials. Aggregates offer resistance to wear and erosion, volume stability, and other desired physical properties to the finished product.
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During the forecast period, infrastructure segment is estimated to account for 40.6% share of the total construction aggregates market in 2015 (by volume) and is anticipated to expand at a healthy CAGR of 5.4% during the forecast period. By product type, sand is projected to account for 44.1% share of the total market in 2015 (by volume) and is expected to expand at a CAGR of 5.8% during the forecast period.
Among regions, China is expected to dominate the construction aggregates market throughout the forecast period, expanding at CAGR of 5.9% in terms of volume.
New trends in construction aggregates such as manufactured sand, and recycled aggregates, along with rising investment in infrastructure globally are driving growth of the global construction aggregates market; whereas high transportation costs, stringent zoning regulations, seasonal factors, and rising energy costs are expected to act as restraints to growth of the global construction aggregates market.
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Global Construction Aggregates Market, 2015-2021 The growth of the construction industry, increasing construction spending, especially in developing economies such as India and the Middle East, are some of the other major market drivers.
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Report outlines global upcoming construction projects and major events impacting the construction aggregates market, along with a list of the top importers and exporters of construction aggregates globally. Capacity factor analysis for each region is also included in the report. Also, construction value added as a percent of GDP for key economies have been included in the report.
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Currently, major players in the global construction aggregates market are focused towards mergers and acquisitions, and on expanding their production capacities. Key players in the global construction aggregates market included in the report are Heidelberg Cement AG, Martin Marietta Materials, Inc., LSR Group PJSC, LafargeHolcim Ltd., CEMEX S.A.B. de C.V., Vulcan Materials Company, CRH plc, and EUROCEMENT Holding AG. The reports also focus on key developments and strategies of these key market players.
The global construction aggregates market is segmented as follows: By Application
Commercial
Residential
Industrial
Infrastructure
By Product Type
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Global Construction Aggregates Market, 2015-2021
Crushed Stone
Sand
Gravel
Other Aggregates
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Regional Analysis
North and Central America
U.S.
Canada
Mexico
South America
Brazil
Argentina
Chile
Northern Europe
Denmark
Estonia
Finland
Iceland
Ireland
Latvia
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Global Construction Aggregates Market, 2015-2021
Lithuania
Norway
Sweden
U.K.
Southern Europe
Italy
Macedonia
Gibraltar
Greece
France
Spain
Portugal
Albania
Serbia
Kosovo
Montenegro
Slovenia
Croatia
Austria
CIS Countries
Azerbaijan
Armenia
Belarus
Georgia
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Global Construction Aggregates Market, 2015-2021
Kazakhstan
Kyrgyzstan
Moldova
Russia
Tajikistan
Turkmenistan
Uzbekistan
Ukraine
India China Australia and New Zealand
Middle East
KSA
UAE
Oman
Qatar
Kuwait
Bahrain
Africa
Rest of Asia-pacific
Japan
Thailand
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Global Construction Aggregates Market, 2015-2021
Malaysia
Indonesia
Singapore
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Market History: Construction aggregates are a broad category of granular materials such as crushed stone, stone, and gravel etc., which finds application in construction activities. Aggregates are the world’s most mined material. Aggregates give resistance to wear and erosion, volume stability, and other desired physical properties to the finished product.
Construction aggregates are mainly used in the applications such as commercial, residential, Industrial, and infrastructure in a number of construction activities. In terms of volume, the highest CAGR of 6.1% is observed in the residential segment for the forecast period. However, the infrastructure segment constitutes of 40.4% of the total market share in 2014, in terms of volume.
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Global Construction Aggregates Market, 2015-2021 The global construction aggregates market is anticipated to grow from an estimated USD 329.3 Bn in 2015 to USD 468.2 Bn by 2021 at a CAGR of 6.0% during the forecast period.
New trends such as manufactured sand, and recycled aggregates, along with the rising investment in infrastructure globally are driving the growth of the global construction aggregates market, whereas the high transportation costs, stringent zoning regulations, the seasonal factors, and the rising energy costs restrain the growth of the global construction aggregates market
China was the biggest consumer of construction aggregates and dominated the global construction aggregates market in 2014, followed by North and Central America. China also represents the fastest growing region in the construction aggregates market in terms of value growing at healthy CAGR of 7.5%, however, developing economies like India and the Middle East are also anticipated to witness a considerable growth rate in construction aggregates market during the forecast period.
In order to reduce its dependence on oil, GCC (Gulf Cooperation Council) have undertaken major steps as a part of the economy transformation. A few infrastructure development steps undertaken by these countries include following projects, and these are highly expected to impact the construction aggregates market demand in the region
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Dubai is scheduled to host the World Expo 2020 at the Jebel Ali area, involving total revenue of between US$ 2 Bn to 4 Bn. The amount spent on the secondary infrastructure will be over US$ 8 Bn, and would provide construction opportunities in the hospitality, transport, commercial, and retail sectors.
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2022 FIFA World Cup, Qatar: Ahead of the 2022 FIFA World Cup and Qatar's 2030 Vision, country’s infrastructure expenditure is estimated to reach about US$ 150 Bn
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Global Construction Aggregates Market, 2015-2021
About Us: Persistence Market Research (PMR) is a full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.
Contact Us: Addie Thomes
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