Categories: Metal & Construction

Construction Aggregate Market: Segments Overview, Trends, and Comprehensive Report 2024-2033

The construction aggregate global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Construction Aggregate Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size –

The construction aggregate market size has grown strongly in recent years. It will grow from $380.75 billion in 2023 to $405.61 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to rising construction activities, rising recycled aggregates and sustainable practices, increasing infrastructure development, rising tourism activities, and increasing population.

The construction aggregate market size is expected to see strong growth in the next few years. It will grow to $524.38 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to increasing urbanization, increasing disposable incomes, increasing smart city activities, rising government spending on public infrastructure, and rising demand for residential and commercial buildings. Major trends in the forecast period include advancements in sustainable construction practices, rising adoption of smart construction technologies, expansion of green building regulations, increased focus on reducing carbon emissions, and technological innovations in aggregate production.

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Scope Of Construction Aggregate Market

The Business Research Company’s reports encompass a wide range of information, including:

Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
Drivers: Examination of the key factors propelling market growth.
Trends: Identification of emerging trends and patterns shaping the market landscape.
Key Segments: Breakdown of the market into its primary segments and their respective performance.
Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
Macro Economic Factors: Assessment of broader economic elements impacting the market.

Construction Aggregate Market Overview

Market Drivers –

Infrastructure development and urbanization are expected to propel the growth of the construction aggregate market going forward. Infrastructure and urbanization refer to the development and expansion of essential facilities and systems, such as transportation and utilities, to accommodate the growing population and evolving needs of increasingly urbanized areas. The impetus behind infrastructure development and urbanization includes rising population numbers, shifting demographics toward urban centers, economic progress, and the growing demand for enhanced infrastructure and public services to meet the needs of expanding city populations. Construction aggregate is vital for infrastructure development and urbanization, as it supplies key materials such as sand, gravel, and crushed stone, which are essential for constructing roads, bridges, and buildings, thereby supporting the expansion and modernization of urban areas to meet increasing population and economic demands. For instance, in April 2023, according to data published by The World Bank, a US-based international organization, with approximately 56% of the world’s population, or 4.4 billion people, living in cities in 2023, this trend is expected to continue, leading to a forecasted increase where nearly 70% of people will reside in urban areas by 2050. Therefore, infrastructure development and urbanization are driving the growth of the construction aggregate market.

Market Trends –

Major companies operating in the construction aggregate market are focusing on developing innovative solutions, such as sustainable construction ecosystems, to set new global standards for sustainable construction materials by reducing carbon emissions and promoting circularity. Sustainable construction ecosystems refer to the interconnected processes, materials, and stakeholders in the building industry that prioritize environmental responsibility, resource efficiency, and long-term ecological balance throughout the construction lifecycle. For instance, in January 2024, Heidelberg Materials, a Germany-based building materials company, launched evoBuild, a new global brand aimed at promoting low-carbon and circular construction materials. This solution features globally standardized criteria for low-carbon and circular construction materials, ensuring at least 30% CO2 reduction or 30% recycled content in its products. Its significance lies in enhancing transparency, promoting sustainability, and aligning Heidelberg Materials’ offerings to achieve 50% of its revenue from sustainable products by 2030.

The construction aggregate market covered in this report is segmented –

1) By Type: Sand, Gravel, Crushed Stone, Other Types

2) By Transportation Mode: Truck, Train, Ship

3) By Application: Residential Use, Commercial Use, Infrastructure Use, Industrial Use

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Regional Insights –

Asia-Pacific was the largest region in the construction aggregate market in 2023. The regions covered in the construction aggregate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Key Companies –

Major companies operating in the construction aggregate market are Holcim Group, CRH plc, China National Building Material Co. Ltd., Colas Group, Siam Cement Group (SCG), CEMEX S.A.B. de C.V., Heidelberg Materials AG, EUROVIA Kamenolomy AS, Sika AG, Vulcan Materials Company, Martin Marietta Materials Inc., Fletcher Building, Buzzi S.p.A., Boral Limited, Tarmac, LSR Group, Adbri Limited, Rogers Group Inc., Carmeuse, CEMROS, Eagle Materials Inc., SRC Group, Meyer Industrial Solutions

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