Construction Aggregates Market

Construction Aggregates Market: Rising Investments in the Construction Sector Fuelling Market Growth: Global Industry Analysis and Opportunity Assessment, 2016-2024

Global Market Study on Construction Aggregates: Supported by Infrastructure Investments to Reflect Over 6% CAGR by 2024

Construction aggregates are a broad category of granular materials such as crushed stone, stone, and gravel etc., which finds application in construction activities. Aggregates are the world’s most mined material. Aggregates give resistance to wear and erosion, volume stability, and other desired physical properties to the finished product.

Construction aggregates are mainly used in the applications such as commercial, residential, Industrial, and infrastructure in a number of construction activities. The global construction aggregates market is anticipated to grow from an estimated USD 350.2 Bn in 2016 to USD 560.9 Bn by 2024, at a CAGR of 6.1% during the forecast period.

Rising investments in the construction sector are driving the growth of the global construction aggregates market

New trends such as manufactured sand, and recycled aggregates, along with the rising investment in infrastructure globally are driving the growth of the global construction aggregates market, whereas the high transportation costs, stringent zoning regulations, the seasonal factors, and the rising energy costs restrain the growth of the global construction aggregates market.

Market Segmentation

By Product

By Application

By Region

  • Crushed stone

  • Sand

  • Gravel

  • Others

  • Residential

  • Commercial

  • Industrial

  • Infrastructure

  • North America

  • Latin America

  • Western Europe

  • Eastern Europe

  • Asia Pacific Excluding Japan

  • Japan

  • Middle East and Africa

Infrastructure segment constitutes a major share of the total market volume

In terms of volume, the highest CAGR will be observed in the residential segment for the forecast period. However, the infrastructure segment is likely to constitute the largest share of the total market size.

China is the largest market of construction aggregates and dominated the global construction aggregates market

China was the biggest consumer of construction aggregates and dominated the global construction aggregates market in 2015, followed by North and Central America. China will represent the fastest growing region in the construction aggregates market in terms of value growing at a CAGR of 4.7%, however, developing economies like India and the Middle East are also anticipated to witness a considerable growth rate in construction aggregates market during the forecast period. The market in North and Central America will cross a value of USD 95 Bn by 2024 end.

In order to reduce its dependence on oil, GCC (Gulf Cooperation Council) have undertaken major steps as a part of the economy transformation. A few infrastructure development steps undertaken by these countries include following projects, and these are highly expected to impact the construction aggregates market demand in the region

  • Dubai is scheduled to host the World Expo 2020 at the Jebel Ali area, involving total revenue of between US$ 2 Bn to 4 Bn. The amount spent on the secondary infrastructure will be over US$ 8 Bn, and would provide construction opportunities in the hospitality, transport, commercial, and retail sectors.
  • 2022 FIFA World Cup, Qatar: Ahead of the 2022 FIFA World Cup and Qatar's 2030 Vision, country’s infrastructure expenditure is estimated to reach about US$ 150 Bn.

construction aggregates market_image for preview analysis

Major players in the global construction aggregates market are focussed towards expanding their production capacities

Key players in the global construction aggregates market included in the report are LafargeHolcim Ltd., Vulcan Materials Company, Martin Marietta Materials, Inc., LSR Group PJSC, CEMEX S.A.B. de C.V., Heidelberg Cement AG, CRH plc, and EUROCEMENT Holding AG. The reports also focus on key developments and strategies of these key market players.

In the report ‘Construction Aggregates Market: Global Industry Analysis and Opportunity Assessment, 2016-2024’, Future Market Insights analyses the global construction aggregates market for the period 2016-2024. The primary objective of this report is to offer updates and opportunities in the global construction aggregates market.

Report description

This report provides in-depth analysis and estimation of the construction aggregates market for the period 2016–2024, considering 2016 as the base year of calculation. In addition, data pertaining to current market dynamics, including market drivers, restraints, trends, and recent developments have been provided in the report. The construction aggregates market is segmented on the basis of application, product type and region. Based on applications, the market is segmented into commercial, residential, industrial, and infrastructure.

Based on product type, market segmentation includes crushed stone, sand, gravel, and other aggregates. On the basis of geography, the report identifies and analyses market size and offers projections for North and Central America, South America, Northern Europe, Southern Europe, CIS countries, India, China, Australia and New Zealand, Rest of Asia-Pacific, Middle East and Africa.

In the final section of the report, the global construction aggregates market competitive landscape is included to provide report audiences with a dashboard view, based on various categories of providers present in the market value chain, and key differentiators in the market. This section is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a segment in the construction aggregates market value chain. Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors based on the in-depth assessment of their capabilities and success in the construction aggregate market place. Detailed profiles of the providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the construction aggregates market space. 

Research methodology  

To calculate the global construction aggregates market size, we have considered the overall revenue generated from sales of construction aggregates across the various regions. The forecast presented here assesses the total revenue, by value, generated across the global construction aggregates market. In order to offer an accurate forecast, we started by sizing the current market, which forms the basis of how the construction aggregates market would develop in the future. Given the characteristics of the market, we triangulated the outcome on the basis of three different types of analyses, based on supply side, consumer spending and economic envelope. However, forecasting the market in terms of various construction aggregates segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalizing them after the forecast has been completed.    

It is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse on the basis of key parameters, such as Year-on-Year (Y-o-Y) growth, to understand the predictability of the market and to identify the right opportunities in the global construction aggregates market. Another key feature of this report is the analysis of all key construction aggregates market segments and sub-segments, regional adoption and revenue forecast in terms of absolute dollar. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources, from a sales and delivery perspective, present in the global construction aggregates market. In order to understand the key segments in terms of growth and adoption of construction aggregates across the concerned regions, FMI has developed the construction aggregates market attractiveness index, which should help clients identify the real market opportunities.