Concrete Aggregates Market

Segmentation by Type (Gravel, Crushed Stone, Sand, Recycled Concrete, and Others); by Application (Industrial, Commercial, Residential, and Others) – Global Demand Analysis & Opportunity Outlook 2030

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Report ID: 3375 | Published On: Feb 08, 2023
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Global Concrete Aggregates Market Regional Synopsis

On the basis of geographical analysis, the global concrete aggregates market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in North America region is estimated to witness noteworthy growth over the forecast period on the back of rising construction activities in United States, and Canada. The U.S. construction sector valued at around USD 1.4 trillion in 2020. Moreover, increasing private residence construction and urbanization in the region is estimated to fuel the market growth.

The market in the Asia Pacific region is anticipated to garner significant market share during the forecast period, owing to the rapid urbanization and growing population in countries, such as, India, and China.

Concrete Aggregates Market

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The global concrete aggregates market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Concrete Aggregates Market
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Major Macro-Economic Indicators Impacting the Market Growth


The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, Chemical industry in the U.S. accounted for 16.43% to manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Program), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, that accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favorable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labour as well as government subsidies and relaxed environmental norms have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for the investment in businesses in Asia Pacific countries in the upcoming years.

Market Segmentation

Our in-depth analysis of the global concrete aggregates market includes the following segments:

By Type

  • Gravel
  • Crushed Stone
  • Sand
  • Recycled Concrete
  • Others

By Application

  • Industrial
  • Commercial
  • Residential
  • Others

Growth Drivers

  • Increasing Construction Activities Globally
  • Lower Cost of Concrete Aggregates


  • Lack of Acceptance of Aggregates as compared to Concrete

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Top Featured Companies Dominating the Market

    • Anhui Conch Cement Co., Ltd.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • The Taiwan Cement Corporation
    • Martin Marietta Inc.
    • Holcim Ltd
    • HeidelbergCement AG
    • CEMEX S.A.B. de C.V.
    • Birla Corporation Limited
    • Vicat
    • Votorantim S.A.
    • Jiangsu Huaxin New Material Co.,Ltd.

In The News

·    July, 2021: Holcim Ltd launched a range of green cement, which has at least 30% lower carbon footprint with equal to superior performance, named ECO Planet.

Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

Key Questions Answered in the Report

1) What are the major factors driving the growth of the concrete aggregates market?

Ans: The lower expense of concrete aggregates, and its increasing application in construction industry is estimated to boost the market growth.

2) What would be the CAGR of concrete aggregates market over the forecast period?

Ans: The market is anticipated to attain a significant CAGR over the forecast period, i.e., 2022 – 2030.

3) What are the challenges affecting the concrete aggregates market growth?

Ans: Lack of acceptance of concrete aggregate is estimated to hamper the market growth.

4) Which region will provide more business opportunities for growth of concrete aggregates market in future?

Ans: The Asia Pacific region is estimated to provide maximum growth opportunities over the forecast period, owing to the rising population and growing urbanization.

5) Who are the major players dominating the concrete aggregates market?

Ans: The major players in the market are The Taiwan Cement Corporation, Martin Marietta Inc., Holcim Ltd, HeidelbergCement AG, CEMEX S.A.B. de C.V., Birla Corporation Limited, and others.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the concrete aggregates market?

Ans: The market is segmented by type, application, and by region.

8) Which sub-segment captures the largest market size in the application segment in the concrete aggregates market?

Ans: The industrial segment is anticipated to hold largest market size in the forecast period owing to the growing demand for low-cost construction in industries.

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