What is the global market size of Recycled Construction Aggregates Market?

Global Recycled Construction Aggregates Market size was valued at USD 33.3 billion in 2021 and is poised to grow from USD 35.7 billion in 2022 to USD 66.74 billion by 2030, growing at a CAGR of 7.2% in the forecast period (2023-2030).

Recycled Construction Aggregates Market Size, Share, Growth Analysis, By Product type(Crushed Stone, S, & Gravel, Cement Concrete), By End Use(Residential, Commercial, Infrastructure, Others), By Region - Industry Forecast 2024-2031

Report ID: SQMIG15F2110 | Region: Global | Published Date: February, 2024
Pages: 242 | Tables: 66 | Figures: 75

Recycled Construction Aggregates Market Regional Insights

The largest market for recycled construction aggregates is the Asia Pacific. Europe and North America come next. During the projection period, there is anticipated to be a rise in demand for recycled construction aggregates, particularly in China, Japan, and South Korea. In addition, it is predicted that increased demand for environmentally friendly recycled materials in the building and construction sector in Asia Pacific's developing nations, including China, India, Indonesia, and Vietnam, will open up lucrative business opportunities for regional recyclers and producers of recycled construction aggregates. One major factor projected to drive the market in the area during the forecast period is an increase in government investment in the building industry in developing economies in Asia and the Pacific.

Due to the significant encouragement for the development of recycled construction aggregates in Europe, the market for eco-friendly building aggregates is growing in both Europe and North America. 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.

Recycled Construction Aggregates Market Report Snapshots

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Recycled Construction Aggregates Market size was valued at USD 33.3 billion in 2019 and is poised to grow from USD 35.7 billion in 2023 to USD 66.74 billion by 2031, growing at a CAGR of 7.2% in the forecast period (2024-2031).

Strong market competition, technological advancements, and progressive governmental regulations are major drivers of industry growth. On the basis of product quality, pricing, dependability, and usability, the providers compete. The British Columbia Ministry of Transportation and Infrastructure has granted Lafarge Holcim an infrastructure contract for over $100 million CAD for a significant highway enhancement project in Vancouver, Canada. Additionally, Lafarge Holcim purchased Colorado-based ready-mix concrete supplier Metro Mix from LCC. 'LafargeHolcim Ltd.', 'CEMEX S.A.B. de C.V.', 'HeidelbergCement AG', 'CRH plc', 'Vicat S.A.', 'Boral Limited', 'Eurovia SAS (a subsidiary of Vinci SA)', 'Aggregate Industries UK Ltd. (a subsidiary of LafargeHolcim Ltd.)', 'Martin Marietta Materials, Inc.', 'Vulcan Materials Company', 'Wienerberger AG', 'Tarmac Trading Limited (a subsidiary of CRH plc)', 'Hanson Limited (a subsidiary of HeidelbergCement AG)', 'Oldcastle Materials, Inc. (a subsidiary of CRH plc)', 'CEMENTOCEM S.p.A. (a subsidiary of HeidelbergCement AG)', 'Breedon Group plc', 'Waste Management, Inc.', 'Suez S.A.', 'R.W. Sidley, Inc.', 'Cherry Companies'

Crushed stone, cement concrete, sand, and gravel are all included in the broad category of recycled building aggregates. For use in home construction and other infrastructure projects, it has emerged as a crucial and efficient alternative supply. During the projection period, it is anticipated that the rapid global expansion of the building industry will increase demand for recycled construction aggregates.

The negative environmental effects of cement production are reduced when concrete aggregate is created from recycled resources, resulting in a more environmentally friendly end product. The growing use of concrete as a building material and the need for non-renewable raw materials, such as aggregate, are driving up the price of these resources. Road and pavement construction, bridge construction, bulk filling, riverbank protection, concrete production, and other construction activities all make extensive use of recycled concrete aggregates. As a result, recycled concrete aggregates are becoming more and more in demand as a sustainable source of materials.

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Recycled Construction Aggregates Market Size, Share, Growth Analysis, By Product type(Crushed Stone, S, & Gravel, Cement Concrete), By End Use(Residential, Commercial, Infrastructure, Others), By Region - Industry Forecast 2024-2031

Recycled Construction Aggregates Market Regional Insights

Recycled Construction Aggregates Market Report Snapshots

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