Construction Aggregates Market to Surpass a Valuation of US$ 648.9 Bn by 2032 | Advanced Technological Framework Shaping the Future of the Construction Industry: ChemView Consulting

Construction Aggregates Market Overview

According to a research survey conducted by ChemView Consulting, the current valuation of the Global Construction Aggregates Market is worth US$ 3,87,144.0 Mn in 2022. The market value of stainless steel is expected to reach US$ 6,48,867.8 Mn by 2032, growing at a CAGR of 5.3% over the forecast period.

According to the new ChemView study titled ‘Global Construction Aggregates Market: Industry Analysis and Opportunity Assessment, 2017-2032,’ recent trends in construction aggregates, such as manufactured sand and recycled aggregates, as well as rising infrastructure investment globally, are driving the global construction aggregates market.

Other major market drivers include expanding the construction industry and rising construction spending, particularly in developing economies such as India and the Middle East. High transportation costs, stringent zoning regulations, seasonal factors, and increasing energy costs, on the other hand, are expected to limit the market growth.

During 2017-2032, the infrastructure segment will continue to account for the largest share of the total construction aggregates market and is expected to expand at a healthy CAGR. Sand will continue to be the most profitable product type; however, the crushed stone segment is expected to grow at a faster CAGR of 7.4% during the forecast period.

ChemView Consulting has analyzed that the construction industry is being pushed by digital transformation to improve project management, transparency, and cost efficiency. Construction companies implement advanced technologies such as Building Information Modeling (BIM), drones, and 3D printing to optimize their construction processes. This is expected to boost demand for construction aggregates over the forecast period.

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Population growth and rapid urbanization which has increased aggregate construction sales. Governments in numerous nations have been driven to provide incentives for residential construction due to population migration from rural to urban areas. For instance, the Indian government’s Pradhan Mantri Awas Yojna – Housing For All program grants home loans to individuals to help them construct necessary dwelling areas.

Sand and gravel’s easy availability and affordability will promote wider adoption in the construction industry. Cement, an essential binding ingredient in the building industry, is made from sand and gravel. Cement will be used extensively as the housing sector expands in many nations, including India, China, and the United States. Additionally, the market’s sales will be boosted by crushed stone’s remarkable mechanical qualities and plentiful availability.

Segments Covered in Report

By Type:

  • Crushed Stone
  • Sand & Gravels
  • Recycled Aggregates
  • Other

By Application:

  • Commercial
  • Residential
  • Industrial
  • Infrastructure
  • Others

By Region and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Key Takeaways from the Construction Aggregates Market

  • Based on the type, sand and gravel’s easy availability and affordability will promote wider adoption in the construction industry.
  • Based on the application, the residential market is predicted to expand due to several factors, such as increased private building investments, technological advancements, and rising disposable income.
  • With a market share of 56.2%, the building aggregate sector will likely continue to be primarily funded by transforming rural areas in the Asia Pacific into cosmopolitan urban centers.
  • The construction aggregates market in China is expected to reach US$ 143.3 billion in 2021 due to the country’s increasing urbanization and industrialization. Infrastructure projects such as roadways, railways, and basic roads in rural areas are expected to drive demand for construction aggregates in China and residential projects.
  • The United States is expected to grow rapidly during the forecast period owing to investments by governments toward the expansion of roadways and infrastructure. The US Department of Transportation has proposed US$ 905.25 million in rewards for the fiscal year 2021. These funds will be used to develop 24 projects in 18 states through the Infrastructure for Rebuilding America (INFRA) grant program.

Competition Summary

Major players focus on production facility expansions and product innovations to develop sustainable construction aggregates. Along with product innovations, players seek strategic alliances with regional players to expand their geographic footprint in the market.

Key companies covered in the market study are Heidelberg Cement AG, Martin Marietta Materials Inc., LSR Group, Lafarge Holcim Ltd, Cemex SAB de CV ADR, Vulcan Materials Company, CRH plc.

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Report Key Highlights and Coverage

  • Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
  • Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
  • The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
  • Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
  • Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
  • Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
  • Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
  • Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
  • Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
  • Strategic market analysis, recommendations, and future headways on crucial winning strategies.

About ChemView Consulting

ChemView Consulting is a leading information, market intelligence, and business consulting firm serving clients worldwide in Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging domains. In their business transformation journey, we have been collaborating with global enterprises, including 70% of the largest Forbes 1000 enterprises, helping them deliver on their business ambitions. ChemView Consulting serves clients in approximately 100 countries, with its office in New York, U.S., and Pune, India.

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