Aggregate Market Size
Market Research Future, a firm which specializes in market reports related to the construction sector among others, recently published a report on this market. The industry is expected to achieve a high rate of revenue while developing with an incomparable CAGR rate.
As construction aggregates are used in a variety of projects such as residential, commercial and industrial to name a few, their demand has also grown at a gradual pace. Increased number of construction projects around the world have increased the growth pace of the market relatively. Rise in the level of investments in this sector has amplified the growth potential of the market. Upsurge in industrialization and better processes have increased the production levels leading to expansion of market share.
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The players like Anglo American PLC, Boral Limited, CEMEX S.A.B. de C.V., Aalborg Portland A/S, Heidelberg cement AG, Martin Marietta Materials Inc. are some of the key players in the global construction aggregate market.
Industry Segments
The market for construction aggregates is segmented on the basis of application, material and region. On the basis of material it is segmented as crushed stone, gravel, sand, and others. On the basis of application it is segmented as commercial, residential, industrial, infrastructure, and others. Additionally on the basis of region, it is divided into North America, Europe, APAC and Rest of the World.
Detailed Regional Analysis
The APAC region controls the global Aggregate Market Size with its rapid growing market worldwide. It will expand at a first rate CAGR% over the forecast period. The region is predicted to show speedy infrastructural growth. The presence of high levels of investments in the regions of India and China has led to the construction sector growing in a phenomenal manner. The foreign investment surge in India has further augmented the market for construction aggregates. Additionally, North America is anticipated to grow swiftly by 2021. Europe and Rest of the World are also expected to grow at an exceptional CAGR % correspondingly from 2016 to 2021.
Global Competitive Analysis
The sector is undergoing considerable transformation which has accelerated the growth pace of the sector. The industry players in the segment are efficiently utilizing their primary resources to initiate long lasting growth changes. A trend of volume-driven growth has been witnessed in the market of late with the development of different varieties of product types. The best long-term growth opportunities for this sector can be harnessed by ensuring ongoing process improvements and maintaining financial flexibility to invest in the optimal strategies. Conversely, with companies aiming to capture a considerable share of the market segment as early as possible, experimentation with various advantage points is being seriously considered and implemented.
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Industry Updates:
Jan 2018 Carolina Stalite Co., which is into the business of manufacturing lightweight construction aggregate, has restarted its Aquadale plant after more than five years after it closed. The company has established dealings in the Middle East and Eastern Europe and that it is working on numerous “preliminary” projects in Singapore and Turkey. The new plant will allow for more time and availability.
Sep 2017 Aalborg Portland has opened a new Rochefort terminal to improve its local presence for white cement customers in southwest France. The development will considerably lessen delivery times to the southwestern region of France for Allborg as the market had earlier been serviced from Moerdijk in The Netherlands with a delivery time of 2-3 days. This will now be reduced to a single day with supplies of Aalborg White sent directly from the Danish plant to Rochefort.
Jan 2018 GRS Roadstone which is a bulk and bagged aggregates supplier has recently acquired a London-based construction haulage specialist S Walsh Sons. The acquisition makes the total number of GRS Group staff beyond 800.The two companies will operate 50 sites additionally and are expected to handle over 20m tonnes of construction aggregate and other materials each year. Walsh will carry on operations as a standalone business but will join forces with GRS when it works for customers to do so.
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