Summary

The global construction aggregates market has demonstrated strong performance over the past few years, driven by the rising 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.Construction aggregates, including crushed stones, sand, and gravel, are fundamental components in the construction industry. These materials are resistant to wear and erosion and provide volume stability and other desired physical properties to finished products.

The market is poised for remarkable growth, fueled by several key factors. One primary driver is the resurgence of the construction industry in developed regions, combined with promising growth opportunities in developing and emerging economies. This surge in construction activities is driving increased demand for construction aggregates globally.

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

Urbanization is another significant factor. The ongoing migration of people to urban areas is driving the need for housing, transportation, and infrastructure development. As urbanization progresses, the demand for construction aggregates as a crucial component in building modern cities and supporting infrastructural projects continues to rise.

Market Dynamics Influencing Demand for Construction Aggregates

The global construction aggregates market has exhibited remarkable growth in recent years. Rapid urbanization and the ever-increasing global population are key factors behind this growth. As more people move to urban areas, demand for new construction projects escalates, encompassing residential and commercial buildings, infrastructure, and transportation systems. Significant growth in the hospitality and tourism industry is also expected to create ample opportunities for the construction aggregates market in the coming years.

The travel and tourism sector is undergoing a significant shift as tourists demand new and thoughtful experiences. The young population, in particular, is a fast-growing segment in terms of travel expenditure. Growth in this sector is prompting government investments in infrastructure development worldwide.

Growth of Construction Sector Driven by Heavy Investments in Infrastructure Projects

In recent years, investments in mega construction projects have risen due to support from multiple investors and government subsidies. The construction of dams, skyscrapers, metro and bullet train projects, and infrastructure projects such as commercial buildings, stadiums, airports, and ports is increasing. These projects are expected to generate significant income and attract tourist attention. They also address local issues such as water scarcity, limited connectivity and 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 construction market globally.

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 and liberalizing regulations to attract new investors. These measures are expected to create opportunities for sand and gravel suppliers to expand their footprints in developing countries, benefiting their businesses.

Rising public-private partnerships to fund new megaprojects and efforts to implement trade protectionist policies in the United States and Europe have driven other countries to focus on liberalizing their trade policies and strengthening associations and trade agreements with neighboring countries. This is expected to create avenues for growth and instill 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 their efforts toward strengthening intra-regional trade.

Challenges Faced by Manufacturers of Construction Aggregates

Rising material costs and political uncertainties are significant challenges for manufacturers of construction aggregates. Rising interest rates are likely to have a long-term dampening effect on the construction industry, while rising material costs are an immediate concern. Construction financing continues to be a challenge for many contractors. While domestic and community banks have cash to lend, many construction firms face difficulty securing finance for their operations. Insufficient money flows may hamper the growth of construction projects and impede concrete aggregates market growth.

Political uncertainties are primarily responsible for the diminished labor force participating in the construction sector due to low and unpredictable funding for transportation projects, such as highways and rehabilitation and repair work for bridges.

Country-wise Insights

In the United States, the construction industry is experiencing 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.

In China, the construction sector is undergoing significant expansion, necessitating large quantities of aggregates for various residential, commercial, and infrastructure projects. This heightened demand is fueled by rapid urbanization and the remarkable growth of the manufacturing sector. As China continues to witness impressive developments in construction and urbanization, the demand for construction aggregates remains on an upward trajectory, positioning the country as a prominent player in the market.

Category-wise Insights

Infrastructure is one of the key segments, holding a significant share of the market. This can be attributed to various factors such as the construction of townships and the development of new infrastructure within cities, like metro stations, airports, and expressways, which require large amounts of construction aggregates. The industrial segment is anticipated to advance, driven by increasing industrialization in emerging economies like India, Brazil, and South Africa, contributing to the high demand for crushed stones.

Which Type of Construction Aggregate Accounts for Higher Demand?

Crushed stones hold a substantial share of the market, driven by their wide range of applications. One primary use is landscaping for residential and commercial properties, as crushed stones add aesthetic appeal to outdoor spaces. Additionally, crushed stones play a crucial role in protecting shorelines from erosion and damage, acting as an essential component in various coastal protection projects.

Crushed stones are also extensively used in the construction industry, where they are incorporated into cement and concrete mixtures, enhancing their strength and durability. Their reliable and sturdy properties make them an ideal material for road construction, contributing to the development of well-structured and long-lasting road networks. The versatility of crushed stones makes them an indispensable resource across various industries.

Competitive Analysis

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

Manufacturers are also investing in developing new and innovative sustainable products to penetrate new markets. Key players are focusing 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

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Table of Contents

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. Türkiye Construction Aggregates Market By Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
7.3.1.10. Türkiye 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