According to a new market report published by Lucintel, the future of the global construction aggregate market looks good with opportunities in the infrastructure, residential, and non-residential construction industries. The global construction aggregate market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $454.7 billion by 2025 with a CAGR of 1% to 3% from 2020 to 2025 . The major growth drivers for this market are growth in residential and non-residential construction activities, increasing urbanization, and rising per capita income.
Browse 99 market data tables and 124 figures spread through 189 pages and in-depth TOC on “Global Construction Aggregate Market"
To download report brochure, please go to https://www.lucintel.com/construction-aggregate-market.aspx and click "report brochure" tab from the menu.
In this market, different types of construction aggregate such as sand and gravel, crushed stone, and other aggregates are used as product type. On the basis of comprehensive research, Lucintel forecasts that crushed stone will remain the largest product type over the forecast period due to its high durability. Lucintel predicts that sand and gravel will witness the highest growth during the forecast period due to its easy availability and low price. The growth for the sand and gravel segment will also be driven due to increasing demand in the residential industry.
Within the global construction aggregate market, infrastructure will remain the largest end use market during the forecast period due to increasing infrastructure development especially in emerging countries and growing government focus on infrastructure projects. Residential construction is expected to witness the highest growth during the forecast period.
Asia Pacific is expected to remain the largest market and witness the highest growth over the forecast period supported by increasing urbanization and building construction activities.
Emerging trends which have a direct impact on the dynamics of the construction aggregate market include increasing adoption of pea gravel and the growing use of recycled stone. Heidelberg Cement, Lafarge Holcim, Martin Marietta, Vulcan Materials Company, and CRH Plc are among the major construction aggregate manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the global construction aggregate market by end use, product type, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Construction Aggregate Market 2019-2025: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global construction aggregate market by end use, product type, and region as follows:
By End Use [Value ($ Billion) and Volume (Billion Metric Tons) from 2014 to 2025]:
Infrastructure
Residential
Non Residential
Healthcare
Education
Hospitality
Retail
Office
Others
By Product Type [Value ($ Billion) and Volume (Billion Metric Tons) from 2014 to 2025]:
Sand and Gravel
Crushed Stone
Other Aggregates
By Region [Value ($ Billion) and Volume (Billion Metric Tons) from 2014 to 2025]:
North America
United States
Canada
Mexico
Europe
Germany
France
United Kingdom
Spain
Italy
Asia Pacific
China
India
Japan
Australia
The Rest of the World
This 189-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/construction-aggregate-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.