Global Construction Aggregates Market is expected
to rise at a positive CAGR in the predicted period. Civil engineering
encompasses a term of aggregates described as crushed stone, slag, gravel and
recycled concrete comprising individual particles. Aggregates are also used as
base material beneath the foundations and also a component of composite
materials such as concrete and asphalt concrete, basically used in building and
road construction. A stable foundation also needs the construction aggregates
with uniform properties and also has a low-cost extender binding with more
expensive cement or asphalt to form concrete.
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Further, aggregate is used for all kind of constructions and
typically elements such as gravel pits, rock quarries etc are the natural
resources used. Gravel deposits are then crushed to gain the desired shape,
distribution and texture. Aggregates are usually washed and graded in pit or
plant and some variation in the type, quality, cleanliness, grading, moisture
content and other features are expected. Commercially, recycled concrete and
crushed waste concrete is a desirable source of aggregates. Conventional stone
crushing equipment can be put to use and newer equipment are developed to
reduce noise and dust, hence aggregates must conform to specific standards for
optimum engineering use which must be clean, hard, strong and robust particles
with coatings of clay.
Construction aggregates market is driven by factors such
as rise in commercial, residential, industrial and infrastructural activities
in construction sector. Also, factors such as rise in investment and
infrastructure on a global scale are driving the market growth for construction
aggregates market. However, higher costs of transportation, strict regulations,
seasonal factors and higher energy costs is likely to hinder the market growth
in the predicted period.
Based on application, the Construction Aggregates market is segmented
into commercial, industrial, residential and infrastructure. Based on product,
the construction aggregates market is segmented into sand, gravel and crushed
stone segments. Sand segment is expected to rise at a positive CAGR in the
predicted period followed by crushed stone segment. Depletion of natural
sources of sand and heavy political pressures is the factors that leverage the
market demand for manufactured sand.
Geographically, the construction aggregates market spans North
America, Latin America, Europe, Asia-Pacific, Middle-East and Africa. APAC
regions are expected to rise at a higher CAGR in the predicted period owing to
rise in number of construction activities for industrial and infrastructure
sector. North America and Europe are expected to rise at a higher CAGR in the
forecast period owing to growing demand for novel construction with modern
techniques that may generate multiple opportunities in various domain. The key players in the construction
aggregates market include Martin Marietta Materials Inc, Heidelberg Cement AG,
LSR Group PJSC, Lafarge-Holcim Ltd, Vulcan Materials Company, CRH plc, CEMEX
S.A.B de C.V., EUROCEMENT Holding AG.
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