Construction Aggregates Market - Forecast(2024 - 2030)

Report Code: CMR 26299 Report Format: PDF + Excel

Construction Aggregates Market Overview

The Construction Aggregates Market size is estimated to grow at a CAGR of 6.2% during the forecast period of 2022-2027 and is expected to reach a value of US$662.5 billion by the year 2027. Construction aggregates are the most basic building materials used in construction, that comprise a broad category of particulate materials ranging from coarse to medium-grained. These aggregates serve as reinforcement to the overall composite materials such as asphalt and concrete with the additional pozzolanic reaction that gives it good cementing properties. Some types of construction aggregates are sand, crushed stone, blast furnace slag, and gravel. Currently, more eco-friendly options aggregates through glass recycling are also being adopted.

COVID-19 Impact

During the COVID-19 Pandemic, many industries had suffered a tumultuous time, and it was no different for the Construction Aggregates Market. Many governments across the globe implemented lockdown regulations and factories & production facilities in many sectors came to a halt. The supply chain was greatly disrupted as many businesses followed the lockdown protocols. According to the Royal Institution of Chartered Surveyors, due to the severe lockdown protocols worldwide, there was an 11.2% decrease in productivity in the construction sector in the second quarter of 2020. Notably, 6.9% of global residential construction and infrastructure projects were cancelled due to the pandemic, while 24.9% of projects were being put on hold. However, post-COVID recovery in regional construction markets is gaining traction and the global construction sector is expected to grow in the forecast period. As such the Construction Aggregates Market is also expected to grow within the forecast period of 2022-2027.

Construction Aggregates Report Coverage

The report: “Construction Aggregates Market – Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the Construction Aggregates Industry.
By Type: Sand, Crushed Stone (Limestone, Granite, Others), Gravel, Rock Dust, Slag, Others.
By Application: Concrete, Asphalt, Foundation (Roads, Structures), Drainage, Erosion Control, Landscaping, Others.
By End-Use Industry: Residential Construction (Housing, Apartments), Commercial Construction (Schools, Hospitals, Commercial Buildings, Others), Infrastructure (Roads, Bridges, Parking Lots, Sewer Systems, Others)
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East, and Africa).

Key Takeaways

  • The Asia-Pacific region holds the largest share in the Construction Aggregates Market due to the booming construction sector in the region.
  • The primary application of construction aggregates is in concrete which are composite materials, used as foundations in buildings and structures.
  • The increase in the number of infrastructure projects and the investment in these projects is one of the key drivers for the Construction Aggregates Market.

Figure: Asia-Pacific Construction Aggregates Market 2021-2027 (US$ Billion)

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Construction Aggregates Market Analysis – By Application

Concrete holds the largest share of 39% in the application segment of the Construction Aggregates Market in 2022-2027. Concrete is a composite material that comprises of various construction aggregates bonded together with cement and water. Both fine and coarse construction aggregates, such as sand and crushed stones like limestone & granite, are used in concrete to reinforce it and give it rigidity. According to the Global Cement and Concrete Association (GCCA), the concrete production in 2020 was 4.2 billion tons with the market value of the global cement and concrete market being USD $ 440 billion. It is estimated that the market will reach a production value of 9.8 billion tons by 2050. This is one of the key factors driving the Construction Aggregates Market within 2022-2027.

Construction Aggregates Market Analysis – By End-Use Industry

The Commercial sector holds the largest share in the end-use Industry segment by 47% in 2020. Commercial constructions like malls, city halls, schools, libraries, office buildings, and so on, see the most implementation of construction aggregates. According to the United States Census Bureau, the Public Construction sector spending, seasonally adjusted, was estimated to be USD $341.9 billion in August 2021. Educational constructions, seasonally adjusted, were estimated to be USD $79.8 billion while highway construction was estimated to be USD $98.3 billion. The construction spending amounted to USD $1.584 trillion at a seasonally adjusted annual rate in August 2021, an annual increase of 8.9% from August 2020. There is also an increase in demand for residential housing and new ambitious infrastructure projects are arising globally. These factors help the growth of the Construction Aggregates Industry.

Construction Aggregates Market Analysis – By Geography

Asia-Pacific holds the largest share by region of 44% in the geography segment in 2020. This is primarily because of the growing economies of countries like China, India, South Korea, Indonesia, the Philippines, and Vietnam. There has been a dramatic increase in construction in these countries, primarily attributed to the increase in quality of lifestyle. According to the International Trade Administration, the Construction Industry of China is the world’s largest construction market and is expected to grow at an annual average of 5.2% between 2021-2029 while the revenue value is expected to be USD $1.1 trillion by FY 2021. According to the India Brand Equity Foundation, the Indian Government has invested INR Rs.1,69,637 crore (USD $24.27 billion) in the Infrastructure Sector during the Union Budget 2020-21. There is a massive increase in the need for construction in Asia-Pacific which is driving the need for construction aggregates in the region.

Construction Aggregates Market Drivers

The increasing demand for Building & Construction globally post COVID-19

As the world is currently recovering from the COVID-19 pandemic, there is an increase in demand for the construction sector. Many countries have invested to support the buildings and construction industry through economic stimulus packages and policies and as a reaction to the global pandemic. According to the Royal Institution of Chartered Surveyors (RICS), the Q1 2021 Construction Monitor for the Americas shows construction activity continuing to pick with the Construction Activity Index (CAI) rising to +13 from +3 in the final three months of 2020, and negative readings recorded before that. The global Construction Activity Index (CAI) is a weighted composite measure encompassing variables on current and expected market activity as well as margin pressures. Similarly, the CAI for the Asia Pacific rose to +15 in Q1 2021 from +8 in Q4 2020. The growth in Asia-Pacific is largely fuelled by China, which has the largest construction market in the world.

Increase in Infrastructure Projects globally

Many different infrastructure projects are emerging globally which are being planned for the future. For example, in India, there is the Bharatmala Project which aims to construct 34,800 kilometres of road pan-India, and the Setu Bharatam Project which aims to build bridges. In Europe, there is the Rail Baltica project which aims to link Finland, Estonia, Latvia, and Lithuania with Poland through the European standard gauge rail line network. In the U.S., there is the California High-Speed Rail project which aims to significantly cut the rail journey time between San Francisco and Los Angeles. According to the Council on Foreign Relations, it is estimated that China invests 5.1% of its GDP on all the infrastructure projects planned from 2016-2040. It is followed by Indonesia at 4.1% of their GDP and Australia & India at 3.6% of their GDP on infrastructure projects planned from 2016-2040. Due to this, the demand for construction aggregates has increased substantially and will continue to do so within 2022-2027.

Construction Aggregates Market Challenges

Stringent Regulations for the Building & Construction industry

One of the key challenges for the Construction Aggregates Market is the various regulations put in place to monitor the construction sector. For example, Building Energy Codes, like the CARICOM Regional Energy Efficiency Building Code (CREEBC), which is implemented in the Caribbeans, mandate the construction and maintenance of low-energy buildings. A building must conform to the code, covering energy codes, carbon footprints of materials, integrated design, and so on, to obtain planning permission. Other regulations such as The Construction (Design and Management) Regulations 2015, of the United Kingdom, take a risk management collaborative approach to identify hazards and ensure that actions are in place to mitigate identified risks. While these health and safety regulations are essential for the well-being of people, they do have stringent restrictions and pressure on the construction sector. As such, this proves to be a constraint for the Construction Aggregates Market.

Construction Aggregates Industry Outlook

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in this market. Construction Aggregates top 10 companies include:

  1. HeidelbergCement
  2. Martin Marietta Inc.
  3. LafargeHolcim Ltd.
  4. CEMEX, S.A.B de C.V.
  5. China National Building Material Co., Ltd.
  6. LSR Group
  7. Vulcan Materials Company
  8. Eurocement Group
  9. CRH plc
  10. Adelaide Brighton Cement

Recent Developments

  • On July 22, 2021, LafargeHolcim, Ltd., and its subsidiary, Geocycle, announced a USD $ 3.4 million research project with the U.S. Army Corps of Engineers’ Engineer Research and Development Center (ERDC) to study how construction and demolition (C&D) materials can be recycled for construction aggregates.
  • On April 22, 2021, CEMEX announced the acquisition of a new floating bucket chain dredger which will boost their gravel production in Germany and is their largest investment in a CEMEX gravel plant in the last ten years.

Relevant Reports

Specialty Concrete Market – Forecast (2022 - 2027)
Report Code: CMR 1119

Construction Composites Market – Forecast (2022 - 2027)
Report Code: CMR 0643

For more Chemical and Materials related reports, please click here

1. Construction Aggregates Market- Market Overview
    1.1 Definitions and Scope
2. Construction Aggregates Market - Executive Summary
    2.1 Key Trends by Type
    2.2 Key Trends by Application
    2.3 Key Trends by End-Use Industry
    2.4 Key Trends by Geography
3. Construction Aggregates Market – Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Construction Aggregates Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Construction Aggregates Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Construction Aggregates Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Construction Aggregates Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Construction Aggregates Market – By Type (Market Size -$Million/Billion)
    8.1 Sand
    8.2 Crushed Stone
        8.2.1 Limestone
        8.2.2 Granite
        8.2.3 Others
    8.3 Gravel
    8.4 Rock Dust
    8.5 Slag
    8.6 Others
9. Construction Aggregates Market – By Application (Market Size - $Million/Billion)
    9.1 Concrete
    9.2 Asphalt
    9.3 Foundation
        9.3.1 Roads
        9.3.2 Structures
    9.4 Drainage
    9.5 Erosion Control
    9.6 Landscaping
    9.7 Others
10. Construction Aggregates Market – By End-Use Industry (Market Size -$Million/Billion)
    10.1 Residential Construction
        10.1.1 Housing
        10.1.2 Apartments
    10.2 Commercial Construction
        10.2.1 Schools
        10.2.2 Hospitals
        10.2.3 Commercial Buildings
        10.2.4 Others
    10.3 Infrastructure
        10.3.1 Roads
        10.3.2 Bridges
        10.3.3 Parking Lots
        10.3.4 Sewer Systems
        10.3.5 Others
11. Construction Aggregates Market - By Geography (Market Size -$Million/Billion)
    11.1 North America
        11.1.1 USA
        11.1.2 Canada
        11.1.3 Mexico
    11.2 South America
        11.2.1 Brazil
        11.2.2 Argentina
        11.2.3 Colombia
        11.2.4 Chile
        11.2.5 Rest of South America
    11.3 Europe
        11.3.1 UK
        11.3.2 Germany
        11.3.3 France
        11.3.4 Italy
        11.3.5 Netherlands
        11.3.6 Spain
        11.3.7 Russia
        11.3.8 Belgium
        11.3.9 Rest of Europe
    11.4 Asia-Pacific
        11.4.1 China
        11.4.2 Japan
        11.4.3 India
        11.4.4 South Korea
        11.4.5 Australia and New Zeeland
        11.4.6 Indonesia
        11.4.7 Taiwan
        11.4.8 Malaysia
        11.4.9 Rest of APAC
    11.5 Rest of the World
        11.5.1 Middle East
            11.5.1.1 Saudi Arabia
            11.5.1.2 UAE
            11.5.1.3 Israel
            11.5.1.4 Rest of the Middle East
        11.5.2 Africa
            11.5.2.1 South Africa
            11.5.2.2 Nigeria
            11.5.2.3 Rest of Africa
12. Construction Aggregates Market – Entropy
    12.1 New Product Launches
    12.2 M&As, Collaborations, JVs and Partnerships
13. Construction Aggregates Market – Industry / Segment Competition landscape Premium Premium
    13.1 Company Benchmarking Matrix – Major Companies
    13.2 Market Share at Global Level - Major companies
    13.3 Market Share by Key Region - Major companies
    13.4 Market Share by Key Country - Major companies
    13.5 Market Share by Key Application - Major companies
    13.6 Market Share by Key Product Type/Product category - Major companies
14. Construction Aggregates Market – Key Company List by Country Premium Premium
15. Construction Aggregates Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10
"*Financials would be provided on a best-efforts basis for private companies"

LIST OF TABLES

1.Global Construction Aggregate Market Analysis And Forecast By Product Type Market 2023-2030 ($M)
1.1 Crushed Stone Market 2023-2030 ($M) - Global Industry Research
1.2 Gravel Market 2023-2030 ($M) - Global Industry Research
2.Global Construction Aggregate Market Analysis And Forecast By Product Type Market 2023-2030 (Volume/Units)
2.1 Crushed Stone Market 2023-2030 (Volume/Units) - Global Industry Research
2.2 Gravel Market 2023-2030 (Volume/Units) - Global Industry Research
3.North America Construction Aggregate Market Analysis And Forecast By Product Type Market 2023-2030 ($M)
3.1 Crushed Stone Market 2023-2030 ($M) - Regional Industry Research
3.2 Gravel Market 2023-2030 ($M) - Regional Industry Research
4.South America Construction Aggregate Market Analysis And Forecast By Product Type Market 2023-2030 ($M)
4.1 Crushed Stone Market 2023-2030 ($M) - Regional Industry Research
4.2 Gravel Market 2023-2030 ($M) - Regional Industry Research
5.Europe Construction Aggregate Market Analysis And Forecast By Product Type Market 2023-2030 ($M)
5.1 Crushed Stone Market 2023-2030 ($M) - Regional Industry Research
5.2 Gravel Market 2023-2030 ($M) - Regional Industry Research
6.APAC Construction Aggregate Market Analysis And Forecast By Product Type Market 2023-2030 ($M)
6.1 Crushed Stone Market 2023-2030 ($M) - Regional Industry Research
6.2 Gravel Market 2023-2030 ($M) - Regional Industry Research
7.MENA Construction Aggregate Market Analysis And Forecast By Product Type Market 2023-2030 ($M)
7.1 Crushed Stone Market 2023-2030 ($M) - Regional Industry Research
7.2 Gravel Market 2023-2030 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Construction Aggregates Market Revenue, 2023-2030 ($M)
2.Canada Construction Aggregates Market Revenue, 2023-2030 ($M)
3.Mexico Construction Aggregates Market Revenue, 2023-2030 ($M)
4.Brazil Construction Aggregates Market Revenue, 2023-2030 ($M)
5.Argentina Construction Aggregates Market Revenue, 2023-2030 ($M)
6.Peru Construction Aggregates Market Revenue, 2023-2030 ($M)
7.Colombia Construction Aggregates Market Revenue, 2023-2030 ($M)
8.Chile Construction Aggregates Market Revenue, 2023-2030 ($M)
9.Rest of South America Construction Aggregates Market Revenue, 2023-2030 ($M)
10.UK Construction Aggregates Market Revenue, 2023-2030 ($M)
11.Germany Construction Aggregates Market Revenue, 2023-2030 ($M)
12.France Construction Aggregates Market Revenue, 2023-2030 ($M)
13.Italy Construction Aggregates Market Revenue, 2023-2030 ($M)
14.Spain Construction Aggregates Market Revenue, 2023-2030 ($M)
15.Rest of Europe Construction Aggregates Market Revenue, 2023-2030 ($M)
16.China Construction Aggregates Market Revenue, 2023-2030 ($M)
17.India Construction Aggregates Market Revenue, 2023-2030 ($M)
18.Japan Construction Aggregates Market Revenue, 2023-2030 ($M)
19.South Korea Construction Aggregates Market Revenue, 2023-2030 ($M)
20.South Africa Construction Aggregates Market Revenue, 2023-2030 ($M)
21.North America Construction Aggregates By Application
22.South America Construction Aggregates By Application
23.Europe Construction Aggregates By Application
24.APAC Construction Aggregates By Application
25.MENA Construction Aggregates By Application