Global Construction Aggregates Market to Benefit from Rising Investment in Infrastructure

Construction aggregates refer to a broad category of granular materials. These materials include gravel, stone, and crushed stones, which are used in several construction activities. According to Persistence Market Research (PMR), in terms of volume, the global construction aggregates market will expand at a CAGR of 4.6% during the forecast period from 2015 to 2021. In terms of value, the global construction aggregates market is projected to expand at a 6.0% CAGR during the forecast period and is forecast to be worth US$468.2 bn by 2021.

Primary Growth Driver of Market: Expanding Infrastructure Segment

By application, the global construction aggregates market is segmented into industrial, residential, commercial, and infrastructure. The primary growth driver of the global construction aggregates market is the rising investment in infrastructure worldwide. The infrastructure segment is projected to hold 40.6% in the global construction aggregates market by 2015, in terms of consumption.

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The global construction industry pools in investments from several government and private organizations. In many developed regions, the construction sector is driven by the rising number of renovations. On the other hand, the construction sector is booming in emerging economies of Asia Pacific and Latin America due to the high demand for new infrastructure in housing, healthcare, and other sectors. Besides this primary key driver, here are other trends that will shape the dynamics of the global construction aggregates market in the future.

Key Growth Contributors of Global Construction Aggregates Market

  • On the basis of product type, the global construction aggregates market is divided into gravel, sand, crushed stone, and other aggregates. The rising demand for sand is predicted to drive the global construction aggregates market. In terms of volume, the sand segment is expected to hold 44.1% in the global construction aggregates market by 2015 and expand at a CAGR of 5.8% during the forecast period.

  • Region-wise, the global construction aggregates market is divided into Rest of Asia Pacific, Africa, the Middle East, Australia and New Zealand, China, India, CIS countries, Southern Europe, Northern Europe, South America, and North and Central America. The high demand for construction aggregates from China will drive the overall market. China is projected to dominate the global construction aggregates market during the forecast period and progress at a CAGR of 5.9% during the forecasting horizon, in terms of volume.

  • Apart from China, the growth of construction aggregates is rising in other developing economies such as the Middle East and India due to their rising construction spending. This will further propel the global construction aggregates market. Events such as the World Expo 2020 in Dubai and 2022 FIFA World Cup in Qatar are driving the infrastructure expenditure in the Middle East.

  • The rising number of research and development initiatives will also boost the global construction aggregates market. Manufacturers and producers in the global construction aggregates market are increasingly investing in R&D activities to upgrade their current technology.

The key players operating in the global construction aggregates market are Vulcan Materials Company, EUROCEMENT Holdings AG, HeidelbergCement AG, and Martin Materials, Inc. Major players in the global construction aggregates market are participating in strategic M&As to leverage their production capacities.

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Although the global construction aggregates market will expand at a moderate yet steady rate in the coming few years, it will be suppressed factors such as high transportation costs, seasonal factors, stringent zoning regulations, and rising energy costs.

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