Construction Aggregates Market Is Anticipated To Reach $647.90 Billion By 2032

Zion Market Research has published a new report titled “Construction Aggregates Market by Product Type (Crushed Stones, Sand, Gravel, and Others) and by End-User (Residential, Commercial, and Industrial), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2024 – 2032”. According to the report, the global construction aggregates market was valued approximately USD 421.24 billion in 2023 and is predicted to grow to around USD 647.90 billion by 2032 with a compound annual growth rate (CAGR) of roughly 4.9% between 2024 and 2032.

The construction aggregates market is likely to grow rapidly over the estimated timeframe owing to the flourishing construction industry of various emerging nations, such as India and China. Rapid industrialization, urbanization in developing economies of the world, and the ongoing trend of constructing smart buildings and infrastructures in cities are other factors that are anticipated to boost the construction aggregates market in the future. Additionally, construction organizations are also focusing on mergers and acquisitions to increase their production capacities.

Furthermore, the growing acceptance of recycled construction aggregates due to their ability to preserve depleting energy resources and reduce costs are projected to positively impact the construction aggregates market in the upcoming years. The growing demand for readymade concrete is likely to offer new market opportunities over the estimated timeframe. However, the fluctuating prices of raw materials may hamper this market’s growth in the future.

Browse the full “Construction Aggregates Market by Product Type (Crushed Stones, Sand, Gravel, and Others) and by End-User (Residential, Commercial, and Industrial), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2024 – 2032” Report at https://www.zionmarketresearch.com/report/construction-aggregates-market

Based on product type, the construction aggregates market is segmented into the sand, gravel, crushed stones, and others. The crushed stones segment is expected to dominate the market in the future, owing to their extensive use for commercial infrastructural development. According to the U.S. Geological Survey in 2015, about 1.32 billion tons of crushed stones were produced for consumption in the U.S. alone.

Based on end-user, the construction aggregates market is segmented into residential, commercial, and industrial. The residential segment is expected to dominate the market in the future, owing to the growing number of smart buildings in urban and semi-urban areas due to the rising per capita income of people.

Asia Pacific region held an extensive revenue share of the global construction aggregates market in 2018 and is expected to dominate globally in the upcoming years as well. This can be attributed to the increasing construction activities in the region due to rapid industrialization and urbanization and the rising investments made in the construction industry for infrastructural development. North America is expected to provide significant opportunities for the global construction aggregates market in the future, owing to the rising demand for recycled construction aggregates and crushed stones owing to the development of commercial infrastructure across the region.

Construction Aggregates Market: Competitive Space

Key participants profiled in the study are 

• Martin Marietta Materials. Inc. 
• PJSC LSR Group
• CRH PLC, CEMEX S.A.B. de C.V.
• Vulcan Materials Company
• Eurocement Holding AG
• Heidelberg Cement AG
• Adelaide Brighton Cement Ltd.
• LafargeHolcim Ltd.
• and Rogers Group Inc.

This report segments the global construction aggregates market into:

Global Construction Aggregates Market: Product Type Analysis

• Crushed Stones
• Sand
• Gravel
• Others

Global Construction Aggregates Market: End-User Analysis

• Residential
• Commercial
• Industrial

Global Construction Aggregates Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

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