The recycled construction aggregates market continues to remain influenced by a plethora of factors, ranging from resurgent construction activities to infrastructure development efforts of governments worldwide, particularly in developing economies. According to a recent Fact.MR study, prospects remain bullish for the recycled construction aggregates market, with sales of over 3.7 million tons estimated in 2018, and a projected Y-o-Y of nearly 5% in 2019. The Fact.MR study tracks the recycled construction aggregates market for the forecast period 2019-2027. The recycled construction aggregates market is projected to register 6.0% CAGR in volume terms between 2019 and 2027.
APEJ Retains its Dominion in Recycled Construction Aggregates Market
Fact.MR study expects Asia Pacific Excluding Japan (APEJ) to remain lucrative in the recycled construction aggregates market. The sales in APEJ is expected to exceed 2.3 million tons in 2018. As construction and demolition waste in APEJ is becoming a major issue, leading institutions of construction in the region are implementing demolition waste management programs. Owing to the growth in construction, the construction and demolition waste in India is likely to increase. Government policies and laws are underway in India in line with proliferated construction activities, and recycling construction and demolition waste by converting it into aggregates is gaining widespread popularity as a sustainable measure.
China is likely to emerge as the largest consumer of recycled construction aggregates in the coming years. A massive rise in building and non-building construction is stimulating recycled construction aggregates sales in China. The healthier construction climate is likely to drive growth for recycled construction aggregates in Easter Europe. Germany is expected to hold a strong position in the recycled construction aggregates market. Recycled construction aggregates is emerging as an important source of aggregates in Britain, owing to the rise in demolition of old structures and construction of new building and structures.
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The European Commission is focusing on introducing new guidelines and protocols on construction and demolition waste management with an aim to build trust in the quality of construction and demolition recycled materials. North America is also witnessing increasing use of recycled construction aggregates in road construction. States across the region are adopting regulations leading to the rise in the percentage of recycled asphalt pavement in the asphalt-based road construction.