Complete Overview of Construction Aggregates Market 2019 : Rising Investments in the Construction Sector Fuelling Market Growth 2016-2024
Press Release – 25
Jan 2019
Research
and Development News
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Latest
Update
"Construction Aggregates Market: Rising Investments in the
Construction Sector Fuelling Market Growth: Global Industry Analysis
and Opportunity Assessment, 2016-2024"
with Industries Survey | Global Current Growth and Future.
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“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 worlds most mined material. Aggregates give resistance to wear
and erosion, volume stability, and other desired physical properties
to the finished product.
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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.
“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.
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“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, countrys infrastructure expenditure is estimated to reach about US$ 150 Bn.
“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.
Continue.....
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