The construction aggregates market was valued at $3,75,269.3 million in 2021, and is projected to reach $6,67,844.4 million by 2032, registering a CAGR of 5.2% from 2023 to 2032. The most mined granular product in the world is aggregate. It is a fundamental component of composite materials such as concrete and asphalt concrete. These resources are recovered by finely drilling and blasting natural deposits such as granite, limestone, and falling rocks. These aggregates are generally used as foundation materials for airport runways, highways, trains, and parking lots. These are also utilized for soil erosion management, filtration, and purification. Construction aggregates have emerged as a feasible solution for infrastructure concerns, while the supply-demand gap for natural sand remains unfilled. Construction aggregate remains a critical material for infrastructural, commercial, industrial, and housing development projects.
The rise in the construction of houses, apartments, and workplaces led to the growth of the market, owing to the rise in product demand from the population. The involvement of governments in housing developments as well as travel and tourist activities help to increase building aggregate usage. They are also used in concrete to decrease cracks and, most significantly, to strengthen the structure. The expanding tourist industry is expected to boost expansion of the construction aggregate market, especially when combined with greater investments in the development of tourist projects. As a result, the building aggregate market is predicted to increase with growth in the travel and tourist industry.
The global construction aggregates market is segmented on the basis of type, application, transportation method, and region. On the basis of type, the market is segmented into crushed stone and sand & gravel. By application, it is segmented into residential and non-residential. As per transportation method, it is segmented into trucks, trains, and ships. Region wise, the global construction aggregates market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
The rise in the construction of houses, apartments, and workplaces led to the growth of the market, owing to the rise in product demand from the population. The involvement of governments in housing developments as well as travel and tourist activities help to increase building aggregate usage. They are also used in concrete to decrease cracks and, most significantly, to strengthen the structure. The expanding tourist industry is expected to boost expansion of the construction aggregate market, especially when combined with greater investments in the development of tourist projects. As a result, the building aggregate market is predicted to increase with growth in the travel and tourist industry.
The global construction aggregates market is segmented on the basis of type, application, transportation method, and region. On the basis of type, the market is segmented into crushed stone and sand & gravel. By application, it is segmented into residential and non-residential. As per transportation method, it is segmented into trucks, trains, and ships. Region wise, the global construction aggregates market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Competition Analysis
Key companies profiled in the construction aggregates market report include Adelaide Brighton Ltd., CEMEX S.A.B. de C.V., CRH plc, Heidelberg Cement AG, HOLCIM, Martin Marietta Materials Inc., ROGERS GROUP INC., SIKA Group, Vicat SA, and Vulcan Materials Company. The major players that operate in the global market have adopted key strategies such as acquisition, business expansion, product launch, and other strategies to strengthen their market outreach and sustain the stiff competition in the market.Key benefits for stakeholders
- The report provides an extensive analysis of the current and emerging construction aggregates market trends and dynamics.
- In-depth market analysis is conducted by constructing market estimations for the key market segments between 2021 and 2032.
- Extensive analysis of the construction aggregates market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
- A comprehensive analysis of all regions is provided to determine the prevailing opportunities.
- The global construction aggregates market forecast analysis from 2023 to 2032 is included in the report.
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Key Market Segments
By Type
- Crushed Stone
- Sand and Gravel
By Application
- Non-Residential
- Residential
By Transportation Mode
- Truck
- Train
- Ship
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Rogers Group Inc.
- Holcim Ltd.
- Adelaide Brighton Ltd.
- CEMEX S.A.B. de C.V.
- Sika AG
- Vulcan Materials Company
- CRH
- Vicat SA
- HeidelbergCement AG
- Martin Marietta Materials Inc.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: CONSTRUCTION AGGREGATES MARKET, BY TYPE
CHAPTER 5: CONSTRUCTION AGGREGATES MARKET, BY APPLICATION
CHAPTER 6: CONSTRUCTION AGGREGATES MARKET, BY TRANSPORTATION MODE
CHAPTER 7: CONSTRUCTION AGGREGATES MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to this report, the construction aggregates market was valued at $375.3 billion in 2021, and is estimated to reach $667.8 billion by 2032, growing at a CAGR of 5.2% from 2023 to 2032. Construction aggregate is a widely used construction material. It is made by crushing larger stones into small pieces or fine particles. Aggregates which primarily include crushed stones or sand are used as a primary ingredient in concrete and are also used as filler materials in foundations, road construction, and others.Key factors driving the growth of the construction aggregates market include a rise in the construction & infrastructure industry, growth in focus on public-private partnerships (PPP), and technological advancements in construction machinery. Machines dominate the construction process along with the utilization of sustainable construction materials that leads to the growth of the construction industry and drives the growth of the construction aggregates market. In addition, demand for improving productivity, safety, and reducing costs associated with construction activities is on the rise. Thus, this leads to the development of new technologies and sustainable materials in the construction industry. For example, conveyor belts used in the aggregate mining and processing industry are highly susceptible to wear and tear and require frequent maintenance and replacement. Thus, various companies are in the pursuit of improving conveyor systems which eventually benefits the construction aggregate market. For example, REMA TIP TOP, a globally operating system provider of services and products in the field of conveying and treatment technology as well as tire repair, launched REMALOX HD75, a durable rubber-ceramic compound. The average service life thus increased from 12 to 28 weeks. Such advancements are driving market growth. In addition, the growth in public-private partnerships in different countries such as India, Africa, and China would continue to fuel the growth of the construction aggregates industry. Moreover, the Asian Development Bank (ADB) projects that Public Private Participation in Indonesia will achieve a target of $429 billion for 2020-2024. The private sector is expected to mobilize 59% of the resources of this target. Thus, growth in public-private partnerships globally is anticipated to fuel the growth of the construction aggregates industry.
Moreover, Sustainability in building materials is getting more and more important. According to the law of supply and demand, building materials are becoming massively more expensive along with a shortage of construction materials. Hence, the focus on sustainability is growing to ensure that construction materials are available in sufficient amounts in the future. For instance, sand mining has massive consequences on the environment and excessive sand mining could alter the riverbed and negatively affect marine life as well as the surrounding ecology. Thus, various companies are offering sustainably sourced aggregates including recycled aggregates. For instance, in April 2023, Holcim US, a major producer of building materials launched ECOCycle®, its proprietary circular technology platform to recycle construction demolition materials into new building solutions including construction aggregates. Sustainable aggregate not only helps in conserving natural aggregates but also helps in limiting greenhouse gas production which is generated during the extraction of virgin aggregates. This, in turn, is expected to offer new opportunities for the construction aggregates market. Therefore, the development in the trend of utilizing sustainable products in the construction industry is expected to provide growth opportunities for the key players in the market.
The global construction aggregates market is segmented on the basis of type, application, transportation method, and region. On the basis of type, the market is segmented into crushed stone and sand & gravel. By application, it is segmented into residential and non-residential. As per transportation method, it is segmented into trucks, trains, and ships. Region wise, the global construction aggregates market analysis is conducted across North America (the U. S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Competitive analysis and profiles of the major players in the construction aggregates market are provided in the report. Major companies in the report include Adelaide Brighton Ltd., CEMEX S. A.B. de C. V., CRH plc, Heidelberg Cement AG, HOLCIM, Martin Marietta Materials Inc., ROGERS GROUP INC., SIKA Group, Vicat SA, and Vulcan Materials Company. Major players to remain competitive adopt development strategies such as product launches, business expansion, and acquisitions. For instance, in June 2022, CEMEX S. A.B. de C. V. acquired majority stake i. e., 53% of ProStein, a German company that makes aggregates, or grained particulate used in construction. This acquisition will help the company to serve major cities in Poland and the Czech Republic as well as Berlin.
Key Market Insights
By type, the sand and gravel segment was the highest revenue contributor to the market and is estimated to reach $3,53,572.9 million by 2032, with a CAGR of 5.0%.By application, the non-residential segment dominated the global market. However, the residential segment is expected to be the fastest-growing segment with a CAGR of 5.5% during the forecast period.
Based on transportation mode, the truck segment was the highest revenue contributor to the market, which is expected to grow at a CAGR of 5.0% during the forecast period.
Based on region, Asia-Pacific garnered the largest revenue share in 2022, and LAMEA is anticipated to grow at the highest CAGR of 6.2% during the forecast period.
Companies Mentioned
- Rogers Group Inc.
- Holcim Ltd.
- Adelaide Brighton Ltd.
- CEMEX S.A.B. de C.V.
- Sika AG
- Vulcan Materials Company
- CRH
- Vicat SA
- HeidelbergCement AG
- Martin Marietta Materials Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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