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From 2023 to 2030, the worldwide aggregates market is projected to expand from its 2022 valuation of $463.9 billion at a CAGR (compound annual growth rate) of 4.3%. Over the next few years, the aggregates market is likely to be driven by the burgeoning construction industry, especially in the developing economies of Asia Pacific and the Middle East & Africa. The primary markets for this product are commercial and residential building as well as transportation infrastructure. Cement and concrete production, ballast for railroad tracks, and road base and surfacing are among of its most common applications. However, due to lockdowns in key cities around the world, the COVID-19 pandemic has had a direct impact on construction activity.
Components of composites like asphalt and concrete rely heavily on construction aggregates, making them the most mined commodity worldwide. Natural sources including limestone, rock traps, and granite are drilled down to smaller bits to make these materials. Transport infrastructure like highways, airports, runways, parking lots, and railways rely heavily on construction aggregates. Water purification, erosion control, and soil filtration are all accomplished using this substance. The demand for aggregates may be traced back to the rise in construction activity caused by the increasing number of megacities around the world. There is currently an international surplus of building aggregates because of the high demand for warehouses, factories, and shopping centers. The demand has been rising due to the government's increasing expenditures on energy (power generating) networks and transportation infrastructure.
As a result of decreased demand, certain companies in the global aggregates market have had to shut down or drastically cut back on output as a direct result of the epidemic. To prevent the spread of the virus, the governments of various countries have temporarily halted production. Some countries' consumers are acting more regionally focused as they assess the pandemic's severity and the responses of state authorities. Businesses in the Asia-Pacific area faced extreme volatility throughout these times, with conditions weakening on a regular basis.
Granular materials that are combined with a binding agent are called aggregates. They are used in the construction and upkeep of a wide range of structures, from roads and sidewalks to parking lots and airport runways, as well as on and along trains. Its constituent parts are useful for compacting concrete. They boost the mechanical strength of the concrete while decreasing the amount of cement and water required, making them an essential part of the construction and maintenance of sturdy structures. It is extracted from underground deposits, quarries, and other natural formations. Sand, gravel, and crushed stone are all part of this. The proliferation of skyscrapers, which call for vast quantities of concrete, is partly to blame for the surge in demand. The high-rise buildings have expanded greatly over the past decade.
The construction industry relies heavily on aggregates, which are utilized in nearly all construction processes. Transportation, vital properties, and affordable housing infrastructure, including new and enlarged roadways, train lines, airport facilities, homes, flood defenses, and water and sanitation facilities, all rely on aggregates. Increasing infrastructure investments, especially in commercial and residential projects, are the primary driver of aggregates demand. There has been fierce rivalry for investments in infrastructure opportunities in developed nations over the past few decades. The growing middle class has also raised the demand for highway investment, which is beneficial to the Aggregates Market.
It is anticipated that government-funded initiatives will increase total demand and, in turn, promote economic expansion over time. There are a few factors that could slow the expansion of this market due to an increase in development and urbanization. Several ecological challenges are currently being experienced by the aggregates sector. Exploration and processing include environmental impacts such elevated levels of noise, dust, vibrations, and soil water. Suppliers in this sector face challenges from a number of directions, including fluctuating product availability and competition, high transportation costs, and strict zoning laws and limitations on aggregate extraction in populated regions.
Aggregates make up the vast majority of all mined commodities. Cement, gypsum, and lime are typically added to the aggregated materials. Large-scale urbanization is predicted for the coming decade in India, which would drive growth in the construction industry and, in turn, increase demand for aggregates. India plans to rapidly urbanize, and this would increase the need for aggregates, hence the country is seeking to create more than 100 smart cities across the country. Demand for aggregated products is predicted to grow substantially over the forecasting period, as a result of analysis of construction demand and the increasing construction sector.
Report Coverage
Global Aggregates research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Aggregates report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Aggregates competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Aggregates market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Aggregates market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Aggregates market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
CRH plc, LafargeHolcim, Vulcan Materials Company, Martin Marietta, HeidelbergCement AG, Eurocement Group, LSR Group, CEMEX S.A.B. de C.V, Adelaide Brighton Ltd, Rogers Group Inc., Buzzi Unicem S.p.A., China National Building Material Company Limited (CNBM), Taiheiyo Cement Corporation, Vicat SA, Holcim Australia Pty Ltd, National Cement Company, Inc., Colas SA, Hanson Limited, China Resources Cement Holdings Limited, Cementir Holding N.V., Aggregate Industries UK Ltd, Lhoist Group.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Aggregates market based on the below-mentioned segments:
Global Aggregates Market, By Product
Crushed Stone
Sand
Gravels
Others
Global Aggregates market, By Application
Residential
Commercial
Industrial
Infrastructure
Global Aggregates Market, By End User
Concrete
Road-Base and Coverings
Others
Global Aggregates market, Regional Analysis
Components of composites like asphalt and concrete rely heavily on construction aggregates, making them the most mined commodity worldwide. Natural sources including limestone, rock traps, and granite are drilled down to smaller bits to make these materials. Transport infrastructure like highways, airports, runways, parking lots, and railways rely heavily on construction aggregates. Water purification, erosion control, and soil filtration are all accomplished using this substance. The demand for aggregates may be traced back to the rise in construction activity caused by the increasing number of megacities around the world. There is currently an international surplus of building aggregates because of the high demand for warehouses, factories, and shopping centers. The demand has been rising due to the government's increasing expenditures on energy (power generating) networks and transportation infrastructure.
As a result of decreased demand, certain companies in the global aggregates market have had to shut down or drastically cut back on output as a direct result of the epidemic. To prevent the spread of the virus, the governments of various countries have temporarily halted production. Some countries' consumers are acting more regionally focused as they assess the pandemic's severity and the responses of state authorities. Businesses in the Asia-Pacific area faced extreme volatility throughout these times, with conditions weakening on a regular basis.
Granular materials that are combined with a binding agent are called aggregates. They are used in the construction and upkeep of a wide range of structures, from roads and sidewalks to parking lots and airport runways, as well as on and along trains. Its constituent parts are useful for compacting concrete. They boost the mechanical strength of the concrete while decreasing the amount of cement and water required, making them an essential part of the construction and maintenance of sturdy structures. It is extracted from underground deposits, quarries, and other natural formations. Sand, gravel, and crushed stone are all part of this. The proliferation of skyscrapers, which call for vast quantities of concrete, is partly to blame for the surge in demand. The high-rise buildings have expanded greatly over the past decade.
The construction industry relies heavily on aggregates, which are utilized in nearly all construction processes. Transportation, vital properties, and affordable housing infrastructure, including new and enlarged roadways, train lines, airport facilities, homes, flood defenses, and water and sanitation facilities, all rely on aggregates. Increasing infrastructure investments, especially in commercial and residential projects, are the primary driver of aggregates demand. There has been fierce rivalry for investments in infrastructure opportunities in developed nations over the past few decades. The growing middle class has also raised the demand for highway investment, which is beneficial to the Aggregates Market.
It is anticipated that government-funded initiatives will increase total demand and, in turn, promote economic expansion over time. There are a few factors that could slow the expansion of this market due to an increase in development and urbanization. Several ecological challenges are currently being experienced by the aggregates sector. Exploration and processing include environmental impacts such elevated levels of noise, dust, vibrations, and soil water. Suppliers in this sector face challenges from a number of directions, including fluctuating product availability and competition, high transportation costs, and strict zoning laws and limitations on aggregate extraction in populated regions.
Aggregates make up the vast majority of all mined commodities. Cement, gypsum, and lime are typically added to the aggregated materials. Large-scale urbanization is predicted for the coming decade in India, which would drive growth in the construction industry and, in turn, increase demand for aggregates. India plans to rapidly urbanize, and this would increase the need for aggregates, hence the country is seeking to create more than 100 smart cities across the country. Demand for aggregated products is predicted to grow substantially over the forecasting period, as a result of analysis of construction demand and the increasing construction sector.
Report Coverage
Global Aggregates research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Aggregates report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Aggregates competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Aggregates market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | CRH plc, LafargeHolcim, Vulcan Materials Company, Martin Marietta, HeidelbergCement AG, Eurocement Group, LSR Group, CEMEX S.A.B. de C.V, Adelaide Brighton Ltd, Rogers Group Inc., Buzzi Unicem S.p.A., China National Building Material Company Limited (CNBM), Taiheiyo Cement Corporation, Vicat SA, Holcim Australia Pty Ltd, National Cement Company, Inc., Colas SA, Hanson Limited, China Resources Cement Holdings Limited, Cementir Holding N.V., Aggregate Industries UK Ltd, Lhoist Group. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Aggregates Market from 2021 to 2030.
- Market Forecast for Aggregates Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Aggregates competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Aggregates
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Aggregates market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Aggregates market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
CRH plc, LafargeHolcim, Vulcan Materials Company, Martin Marietta, HeidelbergCement AG, Eurocement Group, LSR Group, CEMEX S.A.B. de C.V, Adelaide Brighton Ltd, Rogers Group Inc., Buzzi Unicem S.p.A., China National Building Material Company Limited (CNBM), Taiheiyo Cement Corporation, Vicat SA, Holcim Australia Pty Ltd, National Cement Company, Inc., Colas SA, Hanson Limited, China Resources Cement Holdings Limited, Cementir Holding N.V., Aggregate Industries UK Ltd, Lhoist Group.
Primary Target Market
- Market Players of Aggregates
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Aggregates market based on the below-mentioned segments:
Global Aggregates Market, By Product
Crushed Stone
Sand
Gravels
Others
Global Aggregates market, By Application
Residential
Commercial
Industrial
Infrastructure
Global Aggregates Market, By End User
Concrete
Road-Base and Coverings
Others
Global Aggregates market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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