Menu ×

CHEMICALS AND ADVANCED MATERIALS

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

  • Text Size:

Extensive insights into the Growth of Concrete Aggregates Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

Read More

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 Concrete Aggregates Market Highlights over 2022 – 2030

The global concrete aggregates market is estimated to grow at a significant CAGR over the forecast period, i.e., 2022 – 2030. The growth of the market can be attributed to the increasing construction activities on a global level, backed by rising urbanization and growing population. Currently, over 7.5 million people are employed in the construction industry, contributing about 5% of the overall employment in the economy. Concrete aggregates are an inexpensive alternative for fillers of cement, which reduces the cost of construction. This is estimated to boost the market growth. The total production of concrete in 2019 amounted to almost 4 billion metric tons, globally. The rapid growth of construction industry is projected to fuel the market growth.

Concrete Aggregates Market

The market is segmented by type into gravel, crushed stone, sand, recycled concrete, and others, out of which, the recycled concrete segment is anticipated to hold the significant share in the global concrete aggregates market over the forecast period on account of growing environmental awareness and adoption of recycled concrete. Recycled concrete is being increasingly used for making pavement, parking lots, and driveways, which is expected to boost the market growth. CLICK TO DOWNLOAD SAMPLE REPORT

Major Macro-Economic Indicators Impacting the Market Growth

Refinery-Catalyst-Market

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.

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

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

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

Challenges

  • Lack of Acceptance of Aggregates as compared to Concrete

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.

FREQUENTLY ASKED QUESTIONS


Related Reports


Disclaimer | Privacy Policy | Terms & Conditions

Copyright © 2021 Research Nester. All Rights Reserved