Global Market Study on Construction Aggregates: Crushed Stone
Product Type Segment Projected to Register High Value and Volume
CAGR During 2017 - 2025
Owing to the ongoing large-scale infrastructure development projects undertaken by
government in several countries, demand for construction aggregates has gained a
healthy traction of late. Moreover, the revival of the global economy to an extent has
stimulated the global market for construction aggregates. Asia Pacific, North
America and Europe are witnessing an economic resurgence, which is further
boosting the construction aggregates markets in these regions. PMR in its latest
report projects that the global construction aggregates market will reach a valuation
of US$ 592.7 Bn by 2025-end, expanding at a CAGR of 5.3% over the forecast
period (2017 – 2025).
Government in major countries continue to focus on the development of
transportation facilities and strengthening energy (power generation) infrastructure.
In addition, latest technological innovation for the production of aggregates has led to
increased efficiency of manufacturing processes, leading to higher productivity as
well as better quality of products. This, in turn, is fueling the growth of the global
construction aggregates market. In terms of volume, the global construction
aggregates market is anticipated to increase from 45.2 BMT in 2017 to 66.3 BMT by
the end of 2025.
PMR’s report further reveals that many of the leading players in the global market are
emphasizing on strengthening their business relation with local EPC companies and
are strategically deploying prime distributors in local regions. Besides, some of these
players are also making their presence stronger in the local markets through
acquisitions and mergers of smaller domestic brands. PMR in its report has profiled
some of the leading companies operating in the global market for construction
aggregates, which include Heidelberg Cement AG, Martin Marietta Materials Inc.,
CEMEX S.A.B. de C.V., LSR Group, LafargeHolcim, Vulcan Materials Company,
ADELAIDE BRIGHTON LTD, EUROCEMENT Group and CRH.
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Use of crushed stone as a construction aggregate continues to grow at a staggering
rate. Amongst all the types of construction aggregates, crushed stones are estimated
to witness a relatively higher demand in 2017 and beyond. This is primarily owing to
the exponential amount of infrastructure development activities going on in both
developed and developing countries. Crushed stone construction aggregate is
projected to account for more than one-third of the value share of the overall market
by the end of assessment period.
Government of various countries are investing heavily in infrastructure development,
which necessitates a substantial amount of construction aggregates. Application of
construction aggregates in infrastructure development remains robust while their use
for commercial construction purposes also continues to grow at a steady rate. Based
on application, infrastructure development activities will account for nearly US$
276.4 Bn worth construction aggregates by the end of 2025.
Among the regions/countries, China and India are estimated to remain as the two
major markets for construction aggregates throughout the forecast period, due to the
overwhelming growth in the construction sector in these two countries. By 2025-end,
China is estimated to hold close to 26.8% value share of the market. Meanwhile, the
robust urbanization coupled with the strong emphasis by the government to improve
the service life of various public utilities in India are expected to be the key factors
driving demand for construction aggregates in the country. The construction
aggregates markets in North & Central America are also estimated to witness
impressive growth rates during the forecast period.
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