Construction Aggregates Market accounted for US$ 245.21 billion in 2020 and is estimated to be US$ 313.12 billion by 2030 and is anticipated to register a CAGR of 3.0%. Construction aggregates are a large category of granular materials used in construction activities, such as crushed stone, stone, and gravel. Aggregates are the most mined materials on the planet. Aggregates provide the completed product with wear and erosion resistance, volume stability, and other necessary physical attributes. Crushed stones are a common type of construction aggregate that is normally created by mining suitable rock deposits and crushing the resulting rock to the desired size. Crushed stones are used in road building, railroad track ballast, concrete, tarmac, and other applications. It’s also used in landscape design, gardening, mulching, and road paving, among other things.
The report ” Global Construction Aggregates Market, By Product Type (Sand, Gravels, Crushed, and Stones), By End-use Industry (Residential, Commercial, Industrial, and Infrastructure), By Application (Road Base and Coverings, Hydraulic Concrete, and Asphaltic Concrete), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) – Trends, Analysis and Forecast till 2029’’
• In March 2019, India inaugurated National Highway projects worth INR 1,10,154 crore, expanding the market’s potential.
• According to DPIIT, the Department for Promotion of Industry and Internal Trade, foreign direct investments in infrastructure totaled USD 17.22 billion from April 2000 to September 2020.
Construction aggregates are predicted to grow in response to the developing tourism industry and increased investment in the development of recreational projects. As a result, the expanding travel and tourism industry is likely to boost building aggregates demand. Over the forecast period, the global construction aggregates market is expected to develop due to increased innovation in aggregate production methods aimed at increasing manufacturing process efficiency and productivity while producing high-quality products. Haver & Boecker’s Hydro-Clean washing device, for example, removes hazardous material from aggregates while using 75 percent less water than traditional log washers.
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Key Market Insights from the report:
Global Construction Aggregates Market accounted for US$ 245.21 billion in 2020 and is estimated to be US$ 313.12 billion by 2030 and is anticipated to register a CAGR of 3.0%. The global construction aggregates market has been segmented on the basis of product type, end-use industry, application, and region.
• Based on Product Type, Global Construction Aggregates Market is segmented into Sand, Gravels, Crushed, and Stones.
• Based on End-User, Global Construction Aggregates Market is segmented into Residential, Commercial, Industrial, and Infrastructure.
• Based on Application, Global Construction Aggregates Market is segmented into Road Base and Coverings, Hydraulic Concrete, and Asphaltic Concrete.
• By Region, the Global Construction Aggregates Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Landscape & their strategies of Global Construction Aggregates Market:
Key players operating in the global construction aggregates market includes Vulcan Materials Company, PJSC LSR Group, Heidelberg Cement AG, LafargeHolcim Ltd, Martin Marietta Materials, Inc., CEMEX S.A.B. de C.V., Eurocement Holding AG, CRH plc., Adelaide Brighton Cement Ltd., and Rogers Group Inc.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.