Global Construction Aggregates Market Insights Based on Regional Demand, Types, and End-User till 2025

Posted on 2018-04-06 by Mark Hub in Healthcare, Industrial, Technology // 0 Comments

Albany, USA, 2018-Apr-06 — /EPR Network/ —An extensive forecast study, titled “Global Market Study on Construction Aggregates: Crushed Stone Product Type Segment Projected to Register High Value and Volume CAGR During 2017 – 2025” has been broadcasted to the online repository of Market Research Reports Search Engine (MRRSE). This 235-page precise study encapsulates valuable details about the market current scenario as well as its future projections on a global and regional level. It further intensely aims to provide major insights into the market’s growth throughout the above-mentioned forecast period in terms of volume and revenue (in US$ Mn).

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The radical manner in which concrete infrastructure is being developed across several emerging economies, the building and construction industry is flourishing. One of the basic requirement of the construction industry is aggregates, which essentially are crushed stone, sand, and gravel. These substances are abundantly available in the Earth’s crust and are ideal to provide resistance to wear and tear to the concrete structure. According to this business publication, the demand in the global construction aggregates market will expand at a notable CAGR of 6.1% during the forecast period of 2017 to 2025. Revenue-wise, the analysts of the report have estimated that there will be opportunities worth US$592.7 bn in the global construction aggregates market by the end of 2025, substantially more than the market’s evaluated valuation of US$370.4 bn in 2017.

Rapid Infrastructure Development Driving Demand

Increasing infrastructure investments in Asia Pacific, Europe, and North America and the introduction of innovative technologies are some of the key factors that will ensure a prosperous future for the global construction aggregates market. On the other hand, forever escalating cost of transportation and stringent zoning regulations for mining are a few restraints challenging the market from prospering. Nevertheless, the analysts of the report have highlighted a few trends which may redefine the demand in the near future, such as increasing use of recycled aggregates, growing use of manufactured sand, and mergers and acquisition for geographical expansion.

Sand Most Profitable Product Type

Based on product type, the construction aggregates market has been segmented into crushed stone, gravels, sand including manufactured sand and natural sand and others such as slag aggregates, geosynthetic aggregates, and construction waste. In 2017, the segment of sand provided for the most prominent chunk of demand, followed by crushed stone. While the former is expected to sustain its position as the segment that constitutes for the maximum revenue as of 2025, the demand for the latter is projected to expand at an above-average CAGR during the forecast period of 2017 to 2025. By the end of 2025, the sub-segments of sand are estimated to provide for opportunities worth US$254.0 mn. The prosperity of this segment can be attributed to the depletion of natural sources, which has given thrust to the production of manufactured sand.

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Application-wise, the construction aggregates market has been bifurcated into residential, commercial, industrial, and infrastructure. As of 2017, development of infrastructure provided for a demand that was worth 162.5 bn, considerably more than other profitable segments of industrial and residential. Even by the end of 2025, the infrastructure segment is poised to remain most lucrative, with the demand projected to expand at a CAGR of 6.9% during the forecast period of 2017 to 2025.

Asia Pacific most Lucrative Regional Market

Among the regions and countries studied under this report, the global construction aggregates market is poised to gain maximum demand from Asia Pacific, dominated by the emerging economies of India and China. China is estimated to remain dominant throughout the forecast period owing to rapid growth in construction sector. In terms of value, China is estimated to hold 26.8% of the total demand by the end of 2025. Over in India, ongoing infrastructure development projects coupled with strong emphasis of the government to improve service life of various public utilities are expected to be the key factors driving the demand.

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