Recycled Aggregates Market

Recycled Aggregates Market Outlook

As per rigorous research by ChemView Consulting, our analysts forecast that the global recycled aggregates market is projected to cross a valuation of  US$ 17640.8 million and will grow at a CAGR of 7.2%  between 2023 and 2033.

Key Findings on the Recycled Aggregates Market 

1. Which is the largest market for recycled aggregates?

The biggest market for recycled aggregates is North America. As per our analysis, North America holds nearly 31.8% share of the recycled aggregates market.

2. What is the largest application segment within the recycled aggregates market?

As per ChemView Consulting, the largest segment by application is roadways and pavements. As per our analysis, this segment accounts for nearly 39.5% of total revenues.

3. At what rate is the recycled aggregates market expected to grow?

The recycled aggregates market is expected to grow at a CAGR of 7.2% during the period 2023–2033.

4. What are the major trends influencing the recycled aggregates market?

• Technological Advancements: Innovations in recycling technologies are improving the quality and consistency of recycled aggregates, making them more appealing to construction companies.
• Government Regulations and Policies: Environmental laws and government initiatives encouraging recycling and waste reduction promote the use of recycled aggregates in construction projects.

5. Who are the leading players in the recycled aggregates market?

The key companies in the recycled aggregates market are Vulcan Materials Company, Lehigh Cement, FERMA CORP, Delta Sand & Gravel Co., Top Grade Site Management, LLC., Big City Crushed Concrete, Southern Crushed Concrete, Independence Recycling of Florida, Holcim, Tarmac, Green Stone Materials, CESPA, CRH Plc., Heidelberg Cement, and Aggregate Industries Management, Inc.

Key Drivers for Recycled Aggregates Demand

• The growing emphasis on sustainability and environmental consciousness promotes demand for recycled aggregates, as they reduce the need for the extraction of natural resources and minimize waste going to landfills.
• In addition, recycled aggregates are frequently less expensive than virgin aggregates, making them desirable to construction companies looking for methods for reducing project costs without sacrificing quality.
• Moreover, growing economies with substantial building activity, particularly in emerging markets, produce enormous demand for construction materials such as recycled aggregates.
• Furthermore, rapid urbanisation and infrastructure development around the world demand an enormous quantity of construction materials. Recycled aggregates meet this demand effectively, contributing to market growth.

Key Challenges Inhibiting Demand for Recycled Aggregates

• Recycled aggregates are frequently gathered from demolition sites and may have to travel longer distances to reach construction sites. High transportation costs can reduce the competitiveness of recycled aggregates.
• Moreover, many construction professionals and consumers may be unaware of the advantages and availability of recycled aggregates. Thus, limited awareness could hinder market growth.

Key Challenges & Opportunities for Recycled Aggregates Manufacturers

• Maintaining consistent quality in recycled aggregates can be challenging due to variations in the source materials. Manufacturers must invest in optimised sorting and processing systems to assure product quality.
• However, the need for rehabilitating old infrastructure, such as roads and buildings, frequently requires the use of aggregates. Manufacturers can supply recycled aggregates for these projects, promoting sustainability.

Country/Region-wise Insights

US Recycled Aggregates Market Forecast 

• Strict rules and initiatives aimed at minimising waste and boosting recycling in the US market are projected to observe significant growth in the estimated period. The US recycled aggregates market is likely to account for a leading share of the global recycled aggregates market.
• In addition, an increasing awareness of environmental sustainability and a commitment to decreasing carbon footprints are boosting demand for recycled construction materials such as aggregates.

Europe Recycled Aggregates Market Outlook 

• Strict government rules and incentives boosting the use of recycled materials in construction projects in the Europe market are anticipated to drive sales in the market over the assessment period.
• In addition, the construction industry’s ongoing expansion and infrastructure development projects around the region are driving up demand for construction materials, particularly recycled aggregates.

Japan Recycled Aggregates Market Forecast

• Increasing emphasis on sustainability and environmental awareness in Japan is anticipated to drive the market over the forecasted period.
• Additionally, the Japanese construction sector is continually growing and expanding, creating a significant demand for cost-effective and environmentally friendly building materials, among which recycled aggregates are ideal.

China & India Recycled Aggregates Market Forecast

• The rising population and increased construction activity in China and India are anticipated to fuel the market over the forecast period.
• In addition, rapid urbanisation and infrastructure development in China and India are boosting demand for sustainable construction materials, making recycled aggregates an obvious alternative.

Recycled Aggregates Market Outlook & Forecast by Segmentation

By Product Type 

Based on product type, the gravel and crushed stone segment is expected to remain at the forefront of recycled aggregates market share over the assessment period. The growth is mainly Because gravel and crushed stone are essential materials in the construction sector, they are used in a variety of applications, such as road construction, concrete manufacture, and building foundations. The construction industry is one of the main consumers of aggregates, and it requires a consistent supply of these materials.

Furthermore, gravel and crushed stone are well-known for their durability and adaptability. They can be employed in a variety of construction projects and can handle huge loads and extreme climatic conditions. As a result, they are a popular choice for many building applications.

By Application

Based on application, the roadways and pavements segment is set to account for 39.5% of the recycled aggregates market share over the assessment period. The growth is because roadways and pavements are critical components of infrastructure development in both urban and rural areas. Governments and municipalities make considerable investments in road construction, maintenance, and improvement. As a result, construction materials such as aggregates are in high demand.

In addition, technological developments have enhanced the quality and performance of recycled aggregates, making them a viable solution for a variety of building applications, such as roadways and pavements.

By End-use

Based on end-use, the non-residential segment is expected to remain at the forefront of the recycled aggregates market share over the assessment period. The growth is mainly because non-residential construction projects frequently involve the development of infrastructure such as bridges, roads, airports, and commercial buildings. These projects generate a considerable demand for construction materials, including recycled aggregates, to meet their material requirements.

Furthermore, there is an increasing emphasis on sustainability and environmental responsibility in construction. Using recycled aggregates aligns with these aims because they reduce the demand for mining natural resources and can assist construction companies in meeting environmental standards. Non-residential projects, particularly government-funded or public infrastructure projects, are frequently subject to stronger environmental rules, making the use of recycled aggregates attractive.

Which Company Owns the Largest Share in the Recycled Aggregates Market?

The key companies in the recycled aggregates market are Vulcan Materials Company, Lehigh Cement, FERMA CORP, Delta Sand & Gravel Co., Top Grade Site Management, LLC., Big City Crushed Concrete, Southern Crushed Concrete, Independence Recycling of Florida, Holcim, Tarmac, Green Stone Materials, CESPA, CRH Plc., Heidelberg Cement, and Aggregate Industries Management, Inc.

Recent Developments:

• In April 2023, Cemex, a Mexican multinational construction materials corporation, launched Vertua ready-mixed concrete with recycled aggregates in Germany.
• In April 2023, Holcim, a Swiss-based global construction materials and aggregates flagship company of the Holcim Group, launched ECOCycle®, a proprietary circular technology platform for recycling construction demolition materials into novel building solutions.
• In July 2021, Vulcan Material Company, a corporation that manufactures, distributes, and sells building materials, purchased US Concrete, a renowned ready-mixed concrete and aggregates producer.

As per our analysis, the companies that hold the largest share of the market are

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CESPA

Founded in 1946 and with headquarters in Pontedera, Tuscany, Italy, its mission is to provide environmental services as well as garbage management and treatment.

CRH plc 

Founded in 1970 and headquartered in Dublin, Ireland, it manufactures and supplies a wide range of products for the construction industry.

Heidelberg Materials 

Established in 1874 with headquarters in Heidelberg, Germany, it is a multinational building materials company.

Aggregate Industries Management, Inc.

Founded in 1997 and located in Rockville, Maryland, United States, it is a major provider of building materials.

Delta Sand & Gravel Co.

Founded in 1958, it is a company that provides a full variety of aggregate products.

What Makes this Report More Insightful than Others?

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Summary

The Recycled Aggregates market is projected to reach a significant value of US $17640.8 million by 2033, driven by a robust 7.2% CAGR during the period 2023–2033. Key industry players actively contributing to its growth are Vulcan Materials Company, Lehigh Cement, FERMA CORP, Delta Sand & Gravel Co., Top Grade Site Management, LLC., Big City Crushed Concrete, Southern Crushed Concrete, Independence Recycling of Florida, Holcim, Tarmac, Green Stone Materials, CESPA, CRH Plc., Heidelberg Cement, and Aggregate Industries Management, Inc. The largest market segment by application is roadways and pavements, while North America emerges as the dominant region in this market.

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