The construction aggregate market 2020 is supposed to benefit from the rising investments in the construction industry. Increasing financial activities in the industry are supposed to boost the construction aggregate market size in the upcoming years. The forecast presented by Market Research Future MRFR asserts that the global construction aggregate market is supposed to mark 5.4% CAGR over the assessment period 2019 to 2024. It is also anticipated that the valuation of revenue earned is presumed to touch a decent mark increasing from USD 337.8 Bn in 2018. The market is expected to be at an advantageous position through the assessment period due to the rising adoption of developing technologies. It has been prognosticated that the utilization of the latest technologies is set to open new growth channels in the construction aggregate industry in the coming years.
Infrastructural development in developing regions is a key driver of the construction aggregate market. Governments are investing tax money and FDIs for the development of the infrastructure of their nations. It is anticipated to boost the growth of the construction aggregate market. In addition, material innovation in the industry for carrying out the construction projects is also projected to catalyze the expansion of the construction aggregate market in the foreseeable future.
Rising residential and commercial applications of the Production is poised to influence the market favorably. Increasing projects regarding the construction of commercial spaces such as airports, hotels, etc. are supposed to augment the construction aggregate market in the upcoming years. Also, rising investments in the renovation of existing properties are projected to contribute to the expansion of the market over the review period. Apart from this, increasing demand for residential spaces is poised to accelerate revenue generation.
On the basis of material, the segments of the construction aggregate market profiled are crushed stone, sand, gravel, M sand, and others. Among these, the crushed stone segment is anticipated to dictate the expansion of the market and account for the highest share. It has been observed that stones are heavy materials and are economic to procure. Thus, the segment is assessed to witness exponential demand.
Based on application, the Segmentation of the construction aggregate market covers infrastructure, commercial, residential, and industrial. Among these, the infrastructure segment is poised to register a higher growth rate and exhibit dominance over market. The growth of the segment is anticipated to be influenced positively by rising investments by governments in nations such as China & India for infrastructural development.
The geographical analysis of the global construction aggregate market is offered in this assessment to present a 360-degree view of the market. It presents an analysis based on the study of the following regions – North America, Asia-Pacific (APAC), Europe, and the Rest of the World (RoW). A country-level assessment of each of these segments is also offered in this MRFR report. Asia Pacific is the most potent regional market owing to the rapid development of economy in the region. It has been assessed and highlighted in the report that the construction aggregate market in the region is supposed to benefit from massive investments in infrastructural development projects. Also, rising disposable income has fueled demand for residential properties, which is expected to lead the expansion of the regional market.
LSR Group (Russia), Martin Marietta Materials Inc. (US), HeidelbergCement AG (Germany), Cemex SAB de CV ADR (Mexico), CEPSA (Spain), Vulcan Materials Company (US), CRH plc (Ireland), ROGERS GROUP INC. (US), Adelaide Brighton Ltd (Australia), and Eurocement Group are some of the main participants of the construction aggregate market.