Aggregates Market Size, Share, Growth Analysis, By Product type(Crushed stone, sand, gravel, others), By Application(Residential, commercial, industrial, infrastructure), By End use(Concrete, road based, coverings, others), By Region - Industry Forecast 2024-2031

Global aggregates market is classified into North America, Europe, Asia Pacific, and MEA. Asia-Pacific considered as the booming market in respect of aggregates where there is more construction activities in the regions such as country like India, Japan which has many ongoing and future construction projects of roadways, metros, airports and others. As per the stats released by the IMF, the Asia Pacific economy is likely to be the least affected region due to the COVID-19 pandemic. The Indian construction industry employs over 30 million people and creates assets worth over ₹ 200 billion. It contributes more than 5 per cent to the nation's GDP and 78 per cent to the gross capital formation. Planning of major road ways development in 2022 has done by the Argentina government.

The Middle East & Africa are said to be the second-fastest growing region over the forecast period as the construction industry is forecast to record growth in 2021 of 4.4%. The Middle Eastern construction industry as countries, such as Saudi Arabia and Qatar are projected to remain assures as they move from oil-based economies to manufacturing/service-oriented economies. In North America, the market for eco-friendly building aggregates is growing. Due to their low cost advantages, recycled construction aggregate imports are expected to increase in Latin America, the Middle East, and Africa, which would likely enhance the market in these countries.