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

Description

According to Fairfield Market research, the global construction aggregates market has showcased impressive performance over recent years, driven by a growing demand for construction materials worldwide.This report projects that global sales of construction aggregates will rise at a robust CAGR of 6.90% over the forecast period, reaching a market value of $417.90 billion in 2024 and $667.02 billion by 2031. This growth trend has been consistent, highlighting the importance of construction aggregates in the global market.

Construction aggregate materials are granular substances, such as crushed stones, sand, and gravel, which are extensively used in the construction industry. These materials are among the most mined in the world due to their resistance to wear and erosion, providing volume stability and other essential physical properties to finished products.

The market for construction aggregates is set for remarkable growth, driven by several key factors. One primary driver is the resurgence of the construction industry in developed regions, coupled with promising growth and new construction opportunities in developing and emerging economies. This surge in construction activities is increasing the demand for construction aggregates globally.

There is a growing emphasis on sustainable and eco-friendly construction practices, leading to higher adoption of recycled and reclaimed aggregates. Governments and the construction sector recognize the importance of environmental concerns and actively contribute to market growth by prioritizing eco-friendly construction raw materials.

The ever-increasing global population, coupled with ongoing urban migration, is driving the need for housing, transportation, and infrastructure development. Urbanization necessitates construction aggregates as crucial components in building modern cities and supporting infrastructural projects.

Market Dynamics Influencing the Demand for Construction Aggregates

Growth of Construction Sector Driven by Heavy Investments in Infrastructure Projects

Recent years have seen rising investments in mega construction projects supported by multiple investors and government subsidies. The construction of dams, skyscrapers, metro and bullet train projects, and infrastructure projects like commercial buildings, stadiums, airports, and ports is on the rise. These projects are foreseen to generate significant income and attract tourists. They also address local issues such as water scarcity, limited connectivity, transportation facilities, and inadequate sports and tourist avenues.

Many countries are actively inviting foreign investments and local support for mega-construction projects, primarily driving the global construction market.

Increasing Government Initiatives Supporting Infrastructure Development in Emerging Countries

Developing countries have progressed significantly compared to developed regions in recent years. Nations such as India, Brazil, and Mexico are adopting measures and reforms to strengthen their economies. Prominent measures include improving infrastructural facilities.

Countries focus on liberalizing regulations to attract new investors. Such measures create opportunities for sand and gravel suppliers to expand their footprints in developing countries, benefiting their businesses.

Rising public-private partnerships to fund new mega projects and efforts toward implementing trade protectionist policies in the United States and Europe have driven other countries to liberalize trade policies and strengthen association and trade agreements with neighboring countries. This creates growth avenues and instills confidence among investors.

The building materials and construction industry in the United States, European countries, China, and India is anticipated to exhibit significant growth, creating lucrative opportunities for construction aggregate manufacturers. Developing countries must direct efforts toward strengthening intra-regional trade.

Challenges Faced by Manufacturers of Construction Aggregates

Rising Material Costs and Political Uncertainties Leading to Low Project Funding

Rising interest rates have a long-term dampening effect on the construction industry, while rising material costs present an immediate concern. Construction financing remains a challenge for many contractors. Despite domestic and community banks having the cash to lend, many construction firms face difficulty securing finance for their operations. Insufficient cash flows may hamper construction projects and impede concrete aggregates market growth.

Political uncertainties contribute to a diminished labor force in the construction sector due to low and unpredictable funding for transportation projects, such as highways and bridge rehabilitation and repair.

Country-wise Insights

Growth Projection for the Sales of Construction Aggregates in the United States

The United States accounts for a significant share of the North and South American market. Growth in the construction industry stems from rapid urbanization, increasing commercial and infrastructure activities, and growing demand for luxury residences. The market benefits from favorable economic conditions and increased government spending on infrastructure development.

Market for Construction Aggregates in China

China holds a substantial share of the market in terms of volume and value. The country's expanding construction industry, coupled with the rise of mega projects, drives the market's growth. Significant demand for construction aggregates, including crushed stones, sand, gravel, and rubble, is fueled by rapid urbanization and manufacturing sector growth.

Category-wise Insights

Application of Construction Aggregates

Infrastructure is a key segment, holding a significant share of the market. This can be attributed to the construction of townships and new infrastructure within cities, such as metro stations, airports, and expressways, requiring large amounts of construction aggregates. The industrial segment is anticipated to advance, driven by increasing industrialization in emerging economies.

Type of Construction Aggregate

Crushed stones hold a significant share of the market due to their wide range of applications. They are essential in landscaping for residential and commercial properties and protecting shorelines from erosion and damage. In the construction industry, crushed stones enhance the strength and durability of cement and concrete mixtures, making them ideal for road construction.

Competitive Analysis

The global construction aggregates market is consolidated with a few key players holding considerable market share. Many manufacturers focus on implementing long-term supply chain connections to achieve continuous improvement of products and services. Partnerships with reputable vendors enable manufacturers to outsource non-critical activities, decreasing internal workloads and enhancing efficiency.

Manufacturers are investing in developing new and innovative sustainable products to penetrate new markets. Key players focus on developing recycled aggregates and manufactured sand.

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

Construction Aggregates Industry Research Segmentation

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 Value, 2024
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
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Production Output and Trade Statistics, 2019 - 2023

3.1. Global Construction Aggregates Production Output, by Region, Value (US$ Bn) and Volume (Tons), 2019 - 2023
- 3.1.1. North America
- 3.1.2. Europe
- 3.1.3. Asia Pacific
- 3.1.4. Latin America
- 3.1.5. Middle East and Africa

4. Price Analysis, 2024

4.1. Global Average Price Analysis, By Type, US$ Per Ton, 2024
4.2. Prominent Factor Affecting Construction Aggregates Prices
4.3. Global Average Price Analysis, by Region, US$ Per Ton, 2024

5. Global Construction Aggregates Market Outlook, 2019 - 2031

5.1. Global Construction Aggregates Market Outlook, By Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Manufactured Sand
  - 5.1.1.2. Crushed Stones
  - 5.1.1.3. Gravel
  - 5.1.1.4. Natural Sand
  - 5.1.1.5. Recycled Construction Aggregates
  - 5.1.1.6. Others
5.2. Global Construction Aggregates Market Outlook, By Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Construction Aggregate for Residential Use
  - 5.2.1.2. Construction Aggregate for Commercial Use
  - 5.2.1.3. Construction Aggregate for Industrial Use
  - 5.2.1.4. Construction Aggregate for Infrastructure Use
5.3. Global Construction Aggregates Market Outlook, by Region, Value (US$ Bn) and Volume (Tons), 2019 - 2031
- 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, 2019 - 2031

6.1. North America Construction Aggregates Market Outlook, By Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Manufactured Sand
  - 6.1.1.2. Crushed Stones
  - 6.1.1.3. Gravel
  - 6.1.1.4. Natural Sand
  - 6.1.1.5. Recycled Construction Aggregates
  - 6.1.1.6. Others
6.2. North America Construction Aggregates Market Outlook, By Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Construction Aggregate for Residential Use
  - 6.2.1.2. Construction Aggregate for Commercial Use
  - 6.2.1.3. Construction Aggregate for Industrial Use
  - 6.2.1.4. Construction Aggregate for Infrastructure Use
6.3. North America Construction Aggregates Market Outlook, by Country, Value (US$ Bn) and Volume (Tons), 2019 - 2031
- 6.3.1. Key Highlights
  - 6.3.1.1. U.S. Construction Aggregates Market By Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
  - 6.3.1.2. U.S. Construction Aggregates Market By Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031
  - 6.3.1.3. Canada Construction Aggregates Market By Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
  - 6.3.1.4. Canada Construction Aggregates Market By Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Europe Construction Aggregates Market Outlook, 2019 - 2031

7.1. Europe Construction Aggregates Market Outlook, By Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Manufactured Sand
  - 7.1.1.2. Crushed Stones
  - 7.1.1.3. Gravel
  - 7.1.1.4. Natural Sand
  - 7.1.1.5. Recycled Construction Aggregates
  - 7.1.1.6. Others
7.2. Europe Construction Aggregates Market Outlook, By Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031
- 7.2.1. Key Highlights
  - 7.2.1.1. Construction Aggregate for Residential Use
  - 7.2.1.2. Construction Aggregate for Commercial Use
  - 7.2.1.3. Construction Aggregate for Industrial Use
  - 7.2.1.4. Construction Aggregate for Infrastructure Use
7.3. Europe Construction Aggregates Market Outlook, by Country, Value (US$ Bn) and Volume (Tons), 2019 - 2031
- 7.3.1. Key Highlights
  - 7.3.1.1. Germany Construction Aggregates Market By Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
  - 7.3.1.2. Germany Construction Aggregates Market By Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031
  - 7.3.1.3. U.K. Construction Aggregates Market By Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
  - 7.3.1.4. U.K. Construction Aggregates Market By Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031
  - 7.3.1.5. France Construction Aggregates Market By Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
  - 7.3.1.6. France Construction Aggregates Market By Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031
  - 7.3.1.7. Italy Construction Aggregates Market By Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
  - 7.3.1.8. Italy Construction Aggregates Market By Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031
  - 7.3.1.9. Turkiye Construction Aggregates Market By Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
  - 7.3.1.10. Turkiye Construction Aggregates Market By Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031
  - 7.3.1.11. Russia Construction Aggregates Market By Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
  - 7.3.1.12. Russia Construction Aggregates Market By Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031
  - 7.3.1.13. Rest of Europe Construction Aggregates Market By Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
  - 7.3.1.14. Rest of Europe Construction Aggregates Market By Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Asia Pacific Construction Aggregates Market Outlook, 2019 - 2031

8.1. Asia Pacific Construction Aggregates Market Outlook, By Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
- 8.1.1. Key Highlights
  - 8.1.1.1. Manufactured Sand
  - 8.1.1.2. Crushed Stones
  - 8.1.1.3. Gravel
  - 8.1.1.4. Natural Sand
  - 8.1.1.5. Recycled Construction Aggregates
  - 8.1.1.6. Others
8.2. Asia Pacific Construction Aggregates Market Outlook, By Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031
- 8.2.1. Key Highlights
  - 8.2.1.1. Construction Aggregate for Residential Use
  - 8.2.1.2. Construction Aggregate for Commercial Use
  - 8.2.1.3. Construction Aggregate for Industrial Use
  - 8.2.1.4. Construction Aggregate for Infrastructure Use
8.3. Asia Pacific Construction Aggregates Market Outlook, by Country, Value (US$ Bn) and Volume (Tons), 2019 - 2031
- 8.3.1. Key Highlights
  - 8.3.1.1. China Construction Aggregates Market By Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
  - 8.3.1.2. China Construction Aggregates Market By Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031
  - 8.3.1.3. Japan Construction Aggregates Market By Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
  - 8.3.1.4. Japan Construction Aggregates Market By Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031
  - 8.3.1.5. South Korea Construction Aggregates Market By Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
  - 8.3.1.6. South Korea Construction Aggregates Market By Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031
  - 8.3.1.7. India Construction Aggregates Market By Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
  - 8.3.1.8. India Construction Aggregates Market By Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031
  - 8.3.1.9. Southeast Asia Construction Aggregates Market By Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
  - 8.3.1.10. Southeast Asia Construction Aggregates Market By Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031
  - 8.3.1.11. Rest of Asia Pacific Construction Aggregates Market By Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
  - 8.3.1.12. Rest of Asia Pacific Construction Aggregates Market By Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Latin America Construction Aggregates Market Outlook, 2019 - 2031

9.1. Latin America Construction Aggregates Market Outlook, By Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
- 9.1.1. Key Highlights
  - 9.1.1.1. Manufactured Sand
  - 9.1.1.2. Crushed Stones
  - 9.1.1.3. Gravel
  - 9.1.1.4. Natural Sand
  - 9.1.1.5. Recycled Construction Aggregates
  - 9.1.1.6. Others
9.2. Latin America Construction Aggregates Market Outlook, By Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031
- 9.2.1. Key Highlights
  - 9.2.1.1. Construction Aggregate for Residential Use
  - 9.2.1.2. Construction Aggregate for Commercial Use
  - 9.2.1.3. Construction Aggregate for Industrial Use
  - 9.2.1.4. Construction Aggregate for Infrastructure Use
9.3. Latin America Construction Aggregates Market Outlook, by Country, Value (US$ Bn) and Volume (Tons), 2019 - 2031
- 9.3.1. Key Highlights
  - 9.3.1.1. Brazil Construction Aggregates Market By Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
  - 9.3.1.2. Brazil Construction Aggregates Market By Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031
  - 9.3.1.3. Mexico Construction Aggregates Market By Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
  - 9.3.1.4. Mexico Construction Aggregates Market By Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031
  - 9.3.1.5. Argentina Construction Aggregates Market By Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
  - 9.3.1.6. Argentina Construction Aggregates Market By Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031
  - 9.3.1.7. Rest of Latin America Construction Aggregates Market By Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
  - 9.3.1.8. Rest of Latin America Construction Aggregates Market By Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031
- 9.3.2. BPS Analysis/Market Attractiveness Analysis

10. Middle East & Africa Construction Aggregates Market Outlook, 2019 - 2031

10.1. Middle East & Africa Construction Aggregates Market Outlook, By Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
- 10.1.1. Key Highlights
  - 10.1.1.1. Manufactured Sand
  - 10.1.1.2. Crushed Stones
  - 10.1.1.3. Gravel
  - 10.1.1.4. Natural Sand
  - 10.1.1.5. Recycled Construction Aggregates
  - 10.1.1.6. Others
10.2. Middle East & Africa Construction Aggregates Market Outlook, By Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031
- 10.2.1. Key Highlights
  - 10.2.1.1. Construction Aggregate for Residential Use
  - 10.2.1.2. Construction Aggregate for Commercial Use
  - 10.2.1.3. Construction Aggregate for Industrial Use
  - 10.2.1.4. Construction Aggregate for Infrastructure Use
10.3. Middle East & Africa Construction Aggregates Market Outlook, by Country, Value (US$ Bn) and Volume (Tons), 2019 - 2031
- 10.3.1. Key Highlights
  - 10.3.1.1. GCC Construction Aggregates Market By Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
  - 10.3.1.2. GCC Construction Aggregates Market By Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031
  - 10.3.1.3. South Africa Construction Aggregates Market By Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
  - 10.3.1.4. South Africa Construction Aggregates Market By Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031
  - 10.3.1.5. Egypt Construction Aggregates Market By Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
  - 10.3.1.6. Egypt Construction Aggregates Market By Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031
  - 10.3.1.7. Nigeria Construction Aggregates Market By Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
  - 10.3.1.8. Nigeria Construction Aggregates Market By Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031
  - 10.3.1.9. Rest of Middle East & Africa Construction Aggregates Market By Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
  - 10.3.1.10. Rest of Middle East & Africa Construction Aggregates Market By Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031
- 10.3.2. BPS Analysis/Market Attractiveness Analysis

11. Competitive Landscape

11.1. Company Market Share Analysis, 2024
11.2. Competitive Dashboard
11.3. Company Profiles
- 11.3.1. LSR Group
  - 11.3.1.1. Company Overview
  - 11.3.1.2. Product Portfolio
  - 11.3.1.3. Financial Overview
  - 11.3.1.4. Business Strategies and Development
- 11.3.2. HeidelbergCement AG
  - 11.3.2.1. Company Overview
  - 11.3.2.2. Product Portfolio
  - 11.3.2.3. Financial Overview
  - 11.3.2.4. Business Strategies and Development
- 11.3.3. Martin Marietta Materials, Inc.
  - 11.3.3.1. Company Overview
  - 11.3.3.2. Product Portfolio
  - 11.3.3.3. Financial Overview
  - 11.3.3.4. Business Strategies and Development
- 11.3.4. Cemex SAB de CV ADR
  - 11.3.4.1. Company Overview
  - 11.3.4.2. Product Portfolio
  - 11.3.4.3. Financial Overview
  - 11.3.4.4. Business Strategies and Development
- 11.3.5. LafargeHolcim Ltd.
  - 11.3.5.1. Company Overview
  - 11.3.5.2. Product Portfolio
  - 11.3.5.3. Financial Overview
  - 11.3.5.4. Business Strategies and Development
- 11.3.6. Vulcan Materials Company
  - 11.3.6.1. Company Overview
  - 11.3.6.2. Product Portfolio
  - 11.3.6.3. Financial Overview
  - 11.3.6.4. Business Strategies and Development
- 11.3.7. CRH PLC
  - 11.3.7.1. Company Overview
  - 11.3.7.2. Product Portfolio
  - 11.3.7.3. Financial Overview
  - 11.3.7.4. Business Strategies and Development
- 11.3.8. Eurocement Group
  - 11.3.8.1. Company Overview
  - 11.3.8.2. Product Portfolio
  - 11.3.8.3. Financial Overview
  - 11.3.8.4. Business Strategies and Development
- 11.3.9. Adelaid Brighton Ltd.
  - 11.3.9.1. Company Overview
  - 11.3.9.2. Product Portfolio
  - 11.3.9.3. Financial Overview
  - 11.3.9.4. Business Strategies and Development
- 11.3.10. ROGERS GROUP INC
  - 11.3.10.1. Company Overview
  - 11.3.10.2. Product Portfolio
  - 11.3.10.3. Financial Overview
  - 11.3.10.4. Business Strategies and Development

12. Appendix

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