Global Recycled Construction Aggregates Market

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 Dynamics

Recycled Construction Aggregate Market Driver

  • 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.
  • In many nations, rapid urbanization is increasing the demand for contemporary architectural designs for the development of residential and commercial structures. This is predicted to push the need for eco-friendly recycled construction aggregate materials in the coming few years.

Recycled Construction Aggregate Market Restraint

  • During the projection period, the market for recycled construction aggregates is projected to experience significant obstacles from a number of sources. The construction of a recycling facility requires significant capital expenditure. For new companies in the market, this can serve as a significant entry hurdle.
  • Adoption of recycled construction aggregates necessitates widespread public awareness of recycled materials' use in both residential and non-residential construction. However, in the near future, the industry may be hampered by a lack of awareness regarding the use of recycled building aggregates.
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FAQs

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.

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.

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Global Recycled Construction Aggregates Market

Report ID: SQMIG15F2110

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