Construction Aggregates Market - Global Industry Analysis, Size, Share, Growth, Trends, & Forecast 2023-2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America & Middle East & Africa)

Description

The global construction aggregates market has shown impressive growth, reaching a substantial size of US$ 420 billion in 2024, according to Fairfield Market Research. This growth trend is expected to continue, with a forecasted CAGR of 7.79%, ultimately reaching US$ 710 billion by the end of 2031.

Essential Construction Aggregate Materials

Construction aggregates, including crushed stones, sand, and gravel, are crucial granular materials used in the construction industry. They are among the most mined resources globally, known for their wear resistance, erosion resistance, volume stability, and other desired physical properties that enhance the quality of finished construction products.

Driving Factors for Market Growth

Several key factors are driving the remarkable growth of the construction aggregates market:

Resurgence of Construction Industry: Developed regions are experiencing a resurgence in the construction sector, while developing and emerging economies are witnessing promising growth opportunities. This trend has led to an increased demand for construction aggregates worldwide.

Focus on Sustainability: Sustainable and eco-friendly construction practices are gaining prominence, leading to a higher adoption of recycled and reclaimed aggregates. Governments and the construction sector are prioritizing eco-friendly construction materials, contributing to market growth.

Urbanization and Infrastructure Development: Rapid global urbanization, coupled with population growth and migration to urban areas, has led to increased demands for housing, transportation, and infrastructure development. Construction aggregates play a crucial role in building modern cities and supporting infrastructure projects.

Market Dynamics Influencing Demand

Growth of Construction Sector: Investments in mega construction projects, such as dams, skyscrapers, and infrastructure developments, have been rising, driven by government support and foreign investments. These projects are addressing various local issues while generating significant income and attracting attention from tourists.

Government Initiatives in Emerging Countries: Developing nations like India, Brazil, and Mexico are implementing measures to strengthen their economies, including infrastructure improvement. Efforts to liberalize regulations and attract investors create opportunities for aggregate suppliers in these countries.

Challenges for Manufacturers

Rising Material Costs: Escalating material costs pose an immediate challenge for the construction industry, impacting financing for construction projects. Many firms face difficulties securing the necessary funding for their operations.

Political Uncertainties: Political uncertainties can lead to diminished labor force participation in construction sectors, particularly due to unpredictable funding for transportation projects and infrastructure.

Country-wise Insights

United States: The United States dominates the North and South American construction aggregates market, accounting for 70% of the share in 2023. The growth is driven by urbanization, increased commercial and infrastructure activities, and a rising demand for luxury residences.

China: China is expected to hold a substantial share of the global market in 2023, driven by its expanding construction industry and mega projects. Rapid urbanization, supported by manufacturing sector growth, fuels demand for construction aggregates, making China a key player in the market.

Competitive Landscape

The global construction aggregates market is characterized by consolidation, with a few key players holding significant market share. Manufacturers are focusing on building long-term supply chain connections, developing sustainable products, and forming partnerships with reputable vendors to enhance efficiency.

Key Companies Profiled

LSR Group, Adelaide Brighton Cement, Rogers Group Inc., Martin Marietta Materials, Inc., CEMEX, Heidelberg Materials, Taiheiyo Cement Corporation, Breedon Group PLC, Holcim, Vulcan Materials Company, Eurocement Group, and others.

Market Segmentation

The market is segmented by type, by application, and region.

By Type:

Crushed Stones

Manufactured Sand

Natural Sand

Gravel

Recycled Aggregates

Other Aggregates

By Application:

Commercial

Residential

Industrial

Infrastructure

By Region:

North America

South America

Northern Europe

South and West Europe

Commonwealth of Independent States and Eastern Europe

Australia & New Zealand

Middle East

Africa

India

China

Rest of Asia Pacific

1. Executive Summary

1.1. Global Construction Aggregates Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, By Volume, 2023
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. Covid-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.8. PESTLE Analysis

3. Production Output and Trade Statistics

3.1. Key Highlights
3.2. Global Construction Aggregates Production, By Region
- 3.2.1. North America
- 3.2.2. Europe
- 3.2.3. Asia Pacific
- 3.2.4. Latin America
- 3.2.5. Middle East & Africa

4. Price Trends Analysis and Future Projects, 2018 - 2031

4.1. Global Average Price Analysis, By Product Type
4.2. Prominent Factors Affecting Construction Aggregates Prices
4.3. Global Average Price Analysis, By Region

5. Global Construction Aggregates Market Outlook, 2018 - 2031

5.1. Global Construction Aggregates Market Outlook, By Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Crushed Stone
  - 5.1.1.2. Gravel
  - 5.1.1.3. Manufactured Sand
  - 5.1.1.4. Natural Sand
  - 5.1.1.5. Recycled Aggregate
  - 5.1.1.6. Others
5.2. Global Construction Aggregates Market Outlook, By Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Residential
  - 5.2.1.2. Commercial
  - 5.2.1.3. Industrial
  - 5.2.1.4. Infrastructure
5.3. Global Construction Aggregates Market Outlook, By Region, Volume (Tons) and Value (US$ Bn), 2018 - 2030
- 5.3.1. Key Highlights
  - 5.3.1.1. North America
  - 5.3.1.2. Europe
  - 5.3.1.3. Asia Pacific
  - 5.3.1.4. Latin America
  - 5.3.1.5. Middle East & Africa

6. North America Construction Aggregates Market Outlook, 2018 - 2031

6.1. North America Construction Aggregates Market Outlook, By Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Crushed Stone
  - 6.1.1.2. Gravel
  - 6.1.1.3. Manufactured Sand
  - 6.1.1.4. Natural Sand
  - 6.1.1.5. Recycled Aggregate
  - 6.1.1.6. Others
6.2. North America Construction Aggregates Market Outlook, By Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Residential
  - 6.2.1.2. Commercial
  - 6.2.1.3. Industrial
  - 6.2.1.4. Infrastructure
6.3. North America Construction Aggregates Market Outlook, By Country, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 6.3.1. Key Highlights
  - 6.3.1.1. U.S. Construction Aggregates Market By Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.3.1.2. U.S. Construction Aggregates Market By Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.3.1.3. Canada Construction Aggregates Market By Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.3.1.4. Canada Construction Aggregates Market By Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Europe Construction Aggregates Market Outlook, 2018 - 2031

7.1. Europe Construction Aggregates Market Outlook, By Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Crushed Stone
  - 7.1.1.2. Gravel
  - 7.1.1.3. Manufactured Sand
  - 7.1.1.4. Natural Sand
  - 7.1.1.5. Recycled Aggregate
  - 7.1.1.6. Others
7.2. Europe Construction Aggregates Market Outlook, By Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 7.2.1. Key Highlights
  - 7.2.1.1. Residential
  - 7.2.1.2. Commercial
  - 7.2.1.3. Industrial
  - 7.2.1.4. Infrastructure
7.3. Europe Construction Aggregates Market Outlook, By Country, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 7.3.1. Key Highlights
  - 7.3.1.1. Germany Construction Aggregates Market By Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.3.1.2. Germany Construction Aggregates Market By Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.3.1.3. U.K. Construction Aggregates Market By Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.3.1.4. U.K. Construction Aggregates Market By Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.3.1.5. France Construction Aggregates Market By Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.3.1.6. France Construction Aggregates Market By Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.3.1.7. Italy Construction Aggregates Market By Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.3.1.8. Italy Construction Aggregates Market By Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.3.1.9. Russia Construction Aggregates Market By Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.3.1.10. Russia Construction Aggregates Market By Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.3.1.11. Rest of Europe Construction Aggregates Market By Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.3.1.12. Rest of Europe Construction Aggregates Market By Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Asia Pacific Construction Aggregates Market Outlook, 2018 - 2031

8.1. Asia Pacific Construction Aggregates Market Outlook, By Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 8.1.1. Key Highlights
  - 8.1.1.1. Crushed Stone
  - 8.1.1.2. Gravel
  - 8.1.1.3. Manufactured Sand
  - 8.1.1.4. Natural Sand
  - 8.1.1.5. Recycled Aggregate
  - 8.1.1.6. Others
8.2. Asia Pacific Construction Aggregates Market Outlook, By Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 8.2.1. Key Highlights
  - 8.2.1.1. Residential
  - 8.2.1.2. Commercial
  - 8.2.1.3. Industrial
  - 8.2.1.4. Infrastructure
8.3. Asia Pacific Construction Aggregates Market Outlook, By Country, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 8.3.1. Key Highlights
  - 8.3.1.1. China Construction Aggregates Market By Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.3.1.2. China Construction Aggregates Market By Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.3.1.3. Japan Construction Aggregates Market By Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.3.1.4. Japan Construction Aggregates Market By Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.3.1.5. South Korea Construction Aggregates Market By Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.3.1.6. South Korea Construction Aggregates Market By Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.3.1.7. India Construction Aggregates Market By Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.3.1.8. India Construction Aggregates Market By Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.3.1.9. Southeast Asia Construction Aggregates Market By Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.3.1.10. Southeast Asia Construction Aggregates Market By Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.3.1.11. Rest of Asia Pacific Construction Aggregates Market By Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.3.1.12. Rest of Asia Pacific Construction Aggregates Market By Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Latin America Construction Aggregates Market Outlook, 2018 - 2031

9.1. Latin America Construction Aggregates Market Outlook, By Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 9.1.1. Key Highlights
  - 9.1.1.1. Crushed Stone
  - 9.1.1.2. Gravel
  - 9.1.1.3. Manufactured Sand
  - 9.1.1.4. Natural Sand
  - 9.1.1.5. Recycled Aggregate
  - 9.1.1.6. Others
9.2. Latin America Construction Aggregates Market Outlook, By Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 9.2.1. Key Highlights
  - 9.2.1.1. Residential
  - 9.2.1.2. Commercial
  - 9.2.1.3. Industrial
  - 9.2.1.4. Infrastructure
9.3. Latin America Construction Aggregates Market Outlook, By Country, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 9.3.1. Key Highlights
  - 9.3.1.1. Brazil Construction Aggregates Market By Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.3.1.2. Brazil Construction Aggregates Market By Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.3.1.3. Mexico Construction Aggregates Market By Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.3.1.4. Mexico Construction Aggregates Market By Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.3.1.5. Rest of Latin America Construction Aggregates Market By Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.3.1.6. Rest of Latin America Construction Aggregates Market By Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 9.3.2. BPS Analysis/Market Attractiveness Analysis

10. Middle East & Africa Construction Aggregates Market Outlook, 2018 - 2031

10.1. Middle East & Africa Construction Aggregates Market Outlook, By Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 10.1.1. Key Highlights
  - 10.1.1.1. Crushed Stone
  - 10.1.1.2. Gravel
  - 10.1.1.3. Manufactured Sand
  - 10.1.1.4. Natural Sand
  - 10.1.1.5. Recycled Aggregate
  - 10.1.1.6. Others
10.2. Middle East & Africa Construction Aggregates Market Outlook, By Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 10.2.1. Key Highlights
  - 10.2.1.1. Residential
  - 10.2.1.2. Commercial
  - 10.2.1.3. Industrial
  - 10.2.1.4. Infrastructure
10.3. Middle East & Africa Construction Aggregates Market Outlook, By Country, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 10.3.1. Key Highlights
  - 10.3.1.1. GCC Construction Aggregates Market By Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 10.3.1.2. GCC Construction Aggregates Market By Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 10.3.1.3. South Africa Construction Aggregates Market By Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 10.3.1.4. South Africa Construction Aggregates Market By Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 10.3.1.5. Egypt Construction Aggregates Market By Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 10.3.1.6. Egypt Construction Aggregates Market By Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 10.3.1.7. Rest of Middle East & Africa Construction Aggregates Market By Product Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 10.3.1.8. Rest of Middle East & Africa Construction Aggregates Market By Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 10.3.2. BPS Analysis/Market Attractiveness Analysis

11. Competitive Landscape

11.1. Product vs Application Heatmap
11.2. Manufacturer vs Application Heatmap
11.3. Company Market Share Analysis, 2023
11.4. Competitive Dashboard
11.5. Company Profiles
- 11.5.1. LSR Group
  - 11.5.1.1. Company Overview
  - 11.5.1.2. Product Portfolio
  - 11.5.1.3. Financial Overview
  - 11.5.1.4. Business Strategies and Development
- 11.5.2. Adelaide Brighton Cement.
  - 11.5.2.1. Company Overview
  - 11.5.2.2. Product Portfolio
  - 11.5.2.3. Financial Overview
  - 11.5.2.4. Business Strategies and Development
- 11.5.3. Rogers Group Inc.
  - 11.5.3.1. Company Overview
  - 11.5.3.2. Product Portfolio
  - 11.5.3.3. Financial Overview
  - 11.5.3.4. Business Strategies and Development
- 11.5.4. Martin Marietta Materials, Inc.
  - 11.5.4.1. Company Overview
  - 11.5.4.2. Product Portfolio
  - 11.5.4.3. Financial Overview
  - 11.5.4.4. Business Strategies and Development
- 11.5.5. CEMEX
  - 11.5.5.1. Company Overview
  - 11.5.5.2. Product Portfolio
  - 11.5.5.3. Financial Overview
  - 11.5.5.4. Business Strategies and Development
- 11.5.6. Heidelberg Materials
  - 11.5.6.1. Company Overview
  - 11.5.6.2. Product Portfolio
  - 11.5.6.3. Financial Overview
  - 11.5.6.4. Business Strategies and Development
- 11.5.7. Taiheiyo Cement Corporation
  - 11.5.7.1. Company Overview
  - 11.5.7.2. Product Portfolio
  - 11.5.7.3. Financial Overview
  - 11.5.7.4. Business Strategies and Development
- 11.5.8. Breedon Group plc
  - 11.5.8.1. Company Overview
  - 11.5.8.2. Product Portfolio
  - 11.5.8.3. Business Strategies and Development
- 11.5.9. Holicim
  - 11.5.9.1. Company Overview
  - 11.5.9.2. Product Portfolio
  - 11.5.9.3. Financial Overview
  - 11.5.9.4. Business Strategies and Development
- 11.5.10. Vulcan Materials Company
  - 11.5.10.1. Company Overview
  - 11.5.10.2. Product Portfolio
  - 11.5.10.3. Financial Overview
  - 11.5.10.4. Business Strategies and Development
- 11.5.11. EUROCEMENT Group
  - 11.5.11.1. Company Overview
  - 11.5.11.2. Product Portfolio
  - 11.5.11.3. Financial Overview
  - 11.5.11.4. Business Strategies and Development
- 11.5.12. CRH PLC
  - 11.5.12.1. Company Overview
  - 11.5.12.2. Product Portfolio
  - 11.5.12.3. Financial Overview
  - 11.5.12.4. Business Strategies and Development
- 11.5.13. CEMENTIR HOLDING N.V.
  - 11.5.13.1. Company Overview
  - 11.5.13.2. Product Portfolio
  - 11.5.13.3. Financial Overview
  - 11.5.13.4. Business Strategies and Development
- 11.5.14. Ducon Industries
  - 11.5.14.1. Company Overview
  - 11.5.14.2. Product Portfolio
  - 11.5.14.3. Financial Overview
  - 11.5.14.4. Business Strategies and Development
- 11.5.15. PPC
  - 11.5.15.1. Company Overview
  - 11.5.15.2. Product Portfolio
  - 11.5.15.3. Financial Overview
  - 11.5.15.4. Business Strategies and Development
- 11.5.16. InterCement
  - 11.5.16.1. Company Overview
  - 11.5.16.2. Product Portfolio
  - 11.5.16.3. Financial Overview
  - 11.5.16.4. Business Strategies and Development

12. Appendix

12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations