Aggregates Market Outlook
Aggregates are building construction materials mixed with bitumen, lime, cement and gypsum. These materials have a coarse and grainy texture with excellent durability, chemical resistance, and the ability to withstand high temperatures.
The global aggregates market size reached US$ 530.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 667.9 Billion by 2028, exhibiting a growth rate (CAGR) of 3.7% during 2023-2028.
Nowadays, aggregates have gained traction as they offer enhanced porosity, volume, stability, abrasive power, and resistance to wear and erosion to industrial, commercial, and residential complexes.
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Aggregates Market Trends:
The global aggregates market is primarily driven by rapid industrialization and urbanization and increasing disposable incomes that have increased spending in the construction sector. As a result, governments of various countries are also extensively investing in the infrastructural developments that have escalated the demand for aggregates.
Aggregates are utilized for renovating, reinforcing, and reshaping existing buildings, roads, highways, rail links, and water and sewage facilities. Besides this, the advancements in aggregate manufacturing technologies have enabled manufacturers to develop sustainable and environment-friendly variants with recycled aggregates to minimize environmental impact. These factors are expected to provide a positive thrust on the market growth in the coming years.
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Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.
Competitive Landscape with Key Players:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
- ADBRI Limited
- Cement Industries of Malaysia Berhad (United Engineers Malaysia Berhad)
- Cemex S.A.B. de C.V.
- China Resources Cement Holdings Limited
- CRH Plc
- Eurocement Group
- HeidelbergCement AG
- LafargeHolcim Ltd
- LSR Group
- Martin Marietta Inc.
- Rogers Group Inc.
- Vulcan Materials Company.
Key Market Segmentation:
The report has categorized the market based on type and application.
Breakup by Type:
- Crushed Stone
- Sand
- Gravel
- Others
Breakup by Application:
- Concrete
- Road Base and Coverings
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
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Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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