Global Construction Aggregates Market – Industry Trends and Forecast to 2029

Global Construction Aggregates Market, By Material (Crushed Stones, Gravel, Sand, M-Sand and others), Application (Residential, Commercial, Industrial and Infrastructure) – Industry Trends and Forecast to 2029

Construction Aggregates Market Analysis and Size

Construction aggregates have become an important material for construction applications due to a shortage of natural resources used in construction. Furthermore, despite serious concerns about natural resource depletion, construction aggregate is still used in infrastructure, commercial, industrial, and housing development projects.

Global construction aggregates Market was valued at USD 373.5 billion in 2021 and is expected to reach USD 646.56 billion by 2029, registering a CAGR of 7.1% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation

Market Definition

Construction aggregates, also known as aggregates, are a broad category of medium to coarse-grained (particulate) materials used in the construction industry. Sand, crushed stone, slag, gravel, and other aggregates are some of the most common types of construction aggregates. Construction aggregates are among the most mined minerals on the planet and are a key component of composite materials such as asphalt concrete and concrete. The use of construction aggregates in composite materials reinforces the structure's overall strength. The global construction aggregates market is part of the larger global construction materials market. Manufacturers of sand, clay, gypsum, lime, aggregates, cement, concrete, and bricks compete in the global construction materials market.

Construction Aggregates Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• Growing manufacturing activities

The growing number of manufacturing processes and rising innovation in construction technologies are driving the global construction aggregates market forward. The use of high-quality construction aggregates will improve the overall manufacturing process and allow it to last longer. This increases the overall market demand for construction aggregates.

• Innovations in aggregate production technologies to increase manufacturing process efficiency and productivity

Furthermore, innovations in aggregate production technologies to increase manufacturing process efficiency and productivity with high quality products are expected to drive global construction aggregates market growth during the forecast period. For instance, Haver & Boecker's Hydro-Clean washing unit removes toxic materials from aggregates while reducing water consumption by up to 75% when compared to traditional wooden washers. Furthermore, the implementation of Building Information Modeling (BIM) is rapidly accompanying the construction sector's digital transformation. BIM helps with time management, cost planning, and sustainability for raw material use, waste reduction, and overall project performance improvement. These elements are expected to drive market growth.

Opportunities

Population migration from rural to urban areas has compelled governments around the world to provide incentives for residential construction. For instance, the Pradhan Mantri Awas Yojna - Housing for All, an Indian government scheme, grants home loans to citizens for the construction of required residential spaces. Similarly, the USDA provides assistance to rural citizens through homeownership, repair, and renovation programmes. The department also provides financing to elderly, disabled, and low-income residents and assistance with rent payments. The USDA collaborates with private and public organisations to provide financial aid to rural and multi-family housing complex construction and repair.

Restraints/Challenges

• High Initial and Overall Costs

Construction aggregates' high transportation costs are expected to limit market growth. Because construction sites are far from mining sites, transportation costs account for roughly half of the total administrative cost incurred on construction aggregates. As a result, high aggregate transportation costs are expected to limit growth in the construction aggregates market during the forecast period.

This construction aggregates market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the construction aggregates market, contact Data Bridge Market Research for an Analyst Brief; our team will help you make an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Construction Aggregates Market

The outbreak of coronavirus had a negative impact on the construction aggregates market. Furthermore, the impact of the COVID-19 outbreak has slowed the construction industry's growth in recent months, causing delays that can be attributed to several disrupted demand and supply chains. Most construction projects have been temporarily halted in recent months to prevent the spread of COVID-19. The aforementioned factors have significantly impacted the demand for construction aggregates in recent months. Construction aggregate market producers and manufacturers, as well as the overall construction industry, are expected to face a number of challenges, as most construction projects are likely to be left incomplete or delayed due to supply chain disruptions, cash flow constraints, workforce unavailability, and production shutdown.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• Special economic zones (SEZs) are likely to have been established as a market component to promote industrialization and economic growth through sustainable development. According to information circulated by the Ministry of Commerce, SEZs can benefit from tax breaks, simplified procedures, flexible regulations and restrictions, exemption from customs and duties to promote export of goods, foreign investment, followed by others such as employment opportunities, and more effectively develop infrastructure facilities. The implementation of such government policies has resulted in a significant increase in the number of SEZs, which in turn has fuelled the growth of the global market.
• The infrastructure segment of the construction aggregate segment held the largest market share and is expected to grow at the fastest rate in the global market for the period ending in 2030. The construction industry in emerging economies such as China and India has seen an increase in investment as a result of numerous government initiatives to develop better infrastructure such as rail, road, dams, and irrigation canals. For instance, in countries such as India, the government has taken steps to establish Special Economic Zones (SEZs), which aid in the promotion of industrialization and economic growth. The Indian Ministry of Commerce has also reduced the number of regulations and taxes in order to increase FDI and develop the country's infrastructure.

Global Construction Aggregates Market Scope

The construction aggregates market is segmented on the basis of material and applications. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Material

• Crushed Stones
• Gravel
• Sand
• M-Sand
• others

Application

• Residential
• Commercial
• Industrial
• Infrastructure

Construction Aggregates Market Regional Analysis/Insights

The construction aggregates market is analyzed and market size insights and trends are provided by country, material and applications as referenced above.

The countries covered in the construction aggregates market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.

North America dominated the market due to an increase in the number of housing refurbishments and home construction activities. A large number of housing and renovation projects are expected to aid in the growth of the global construction aggregates market in the coming years.

Asia-Pacific is expected to grow significantly during the forecast period due to the rapid rate of urbanization and industrialization in emerging economies, as well as the increasing number of city construction projects. Aside from that, the growing number of public buildings such as schools, colleges, malls, and others boosts demand for construction aggregates, allowing this region to experience rapid growth in the coming years.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Construction Aggregates Market Share Analysis

The construction aggregates market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to construction aggregates market.

Some of the major players operating in the construction aggregates market are

• LSR Group (Russia)
• ROGERS GROUP INC. (U.S.)
• HeidelbergCement AG (Germany)
• Adelaide Brighton Ltd (Australia)
• Martin Marietta Materials Inc. (U.S.)
• CRH plc (Ireland)
• Cemex SAB de CV ADR (Mexico)
• CEPSA (Spain)
• Vulcan Materials Company (U.S.)
• Green Stone Materials (U.S.)
• Delta Sand & Gravel (U.S.)
• Aggregate Industries Management Inc. (U.S.)
• CEMEX (Mexico)
• LafargeHolcim Ltd (Switzerland)