What is the global market size of Aggregates Market?

Aggregates Market size was valued at USD 507.46 billion in 2021 and is poised to grow from USD 534.95 billion in 2022 to USD 837.3 billion by 2030, growing at a CAGR of 5.72% in the forecast period (2023-2030).

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

Report ID: SQMIG15F2082 | Region: Global | Published Date: July, 2036
Pages: 157 | Tables: 93 | Figures: 76

Aggregates Market News

On September 7, 2022, experts highlight need for precast concrete, water proofing in infra projects as the need for high quality infrastructure is significant at a time when the Indian government has embarked on a massive infrastructure push in its quest to make India a $5 trillion economy in the short term.
In September 2022, CDE, a global provider of sand and aggregate wet processing solutions for the natural processing and waste recycling sectors, will highlight the role of its technology in supporting the circular economy and zero waste agenda at Bauma 2022, a construction and mining machinery trade fair that runs from Oct 24-30 in Munich.

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Aggregates Market size was valued at USD 507.46 billion in 2019 and is poised to grow from USD 534.95 billion in 2023 to USD 837.3 billion by 2031, growing at a CAGR of 5.72% in the forecast period (2024-2031).

The global aggregates market is highly competitive and most of the companies have vast distribution channels across regions and are fully integrated across the chain. Companies compete among themselves by aggressive pricing strategy, to gain a higher market share. They also focuses on developing new products with the absorption of new technology and refining its produced products to sustain in the competition and to gain higher market shares among the competition. Along with product innovations, players are aiming at strategic partnerships with regional players to strengthen regional footprint in the market. 'LafargeHolcim ', 'HeidelbergCement AG', 'CRH plc', 'CEMEX S.A.B. de C.V.', 'Martin Marietta Materials, Inc.', 'Vulcan Materials Company', 'Eurocement Group', 'Buzzi Unicem S.p.A.', 'China National Building Material Company Limited (CNBM)', 'Taiheiyo Cement Corporation', 'Adelaide Brighton Ltd', 'Vicat SA', 'Holcim Australia Pty Ltd', 'National Cement Company, Inc.', 'Colas SA', 'Hanson Limited', 'China Resources Cement Holdings Limited', 'Cementir Holding N.V.', 'Aggregate Industries UK Ltd', 'Lhoist Group.'

People are increasingly relocating closer to towns and cities to take advantage of privileged social and economic services and benefits in both emerging and developed countries. These include social and economic advantages such as better housing, business opportunities, transportation, health care, education, and sanitary conditions. This usually aids in the development of land for commercial buildings, social and economic support structures, transportation infrastructure, and residential structures.

Aggregates are the most mined materials in the world. These aggregated materials are mix with cement, gypsum, lime that forms a major part of building blocks. In India, massive urbanization is expected to in next decade which is expected to push the construction sector in turn pushing the demand for the aggregates. India is trying to build more than 100 smart cities all over the country to achieve rapid urbanization in the country which is expected contribute greatly for the aggregates demand during the forecast period. Analysing the construction demand and rising of the sector the demand for aggregated products are expected to increase rapidly over the forecasting period.

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.

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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

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