US and global aggregates market set for growth to 2020

The global construction industry has been relatively sluggish since 2015, reflecting a slowdown in the pace of expansion in China and weakness in key emerging markets, says a new report.

Timetric’s The Global Construction Aggregates Market – Key Trends and Opportunities to 2020 report says the decline in oil prices has also greatly undermined investment growth in major oil-producing countries in the Middle East. A slowdown in construction activity has inevitably impacted demand for key inputs, particularly aggregates.

According to Timetric, the global value of the aggregates market in nominal US dollar terms fell in 2015 and registered a compound annual growth rate of 0.95% during the review period (2011–2015).

Although 2016 will be another period of sluggish growth in aggregates demand as the construction industry starts to gather pace again from 2017, the global construction aggregates market will post growth of 5.15% over the forecast period (2016–2020).

Asia-Pacific was the largest regional market for aggregates, accounting for 47.9% of the global market in 2015. It was followed by North America and Europe with respective shares of 21.5% and 18.0%.

Prospects for the US construction industry are positive over the forecast period, due to the country’s need to upgrade aging infrastructure. The California High-Speed Rail Authority is constructing a high-speed rail line for US$68.4 billion. The project involves a 1,305km line and will connect 24 cities throughout the state. The project is planned to be implemented in phases over nine sections and is expected to be completed by 2029.

Europe’s demand for construction aggregates will be driven by public and private sector investments in infrastructure, residential, commercial and energy construction projects. The government is planning to add 2,000km of track to its high-speed railway network by 2020 to enhance regional connectivity. This is expected to drive growth in the French construction aggregates market over the forecast period.

Recovery in the European and North American countries and development in the Asia-Pacific economies – particularly India and Japan – are expected to support the market’s expansion over the forecast period. The market shares of the North America, Europe and Latin America are expected to fall marginally over the forecast period, while that of the Asia-Pacific and the Middle East and Africa are set to increase.

Improvements in the global demand for aggregates over the forecast period are in line with the positive projections for construction industry growth, with the key drivers being investment in infrastructure and residential construction in emerging economies, and anticipated recovery in regional and global economic conditions.

This report provides analysis of the global construction aggregates market including historical (2011-2015) and forecast (2016-2020) valuations of the global construction aggregates market using construction output and value-add methods.

(Visited 245 times, 1 visits today)

Get involved

Register

As a member of this site you will be able to receive aggregates news relating only to those categories that are most relevant to you, submit job listings for FREE, post questions in the Q&A, and more.

Register Now

Feature your company

The Feature Your Company listing is your custom-made (by us) profile page that allows you to add any of the following content: text, videos, links, images. The page will also be listed on the Featured Company landing page. Over 560 unique aggregates users visit the site per day! Complete the enquiry form now to contact us.

Contact us

Jobs

Are you looking for an aggregate related job? Click here to see our jobs listing supplied by industry experts United Employment.

See Jobs

Advertise

Reach thousands of budget holders and decision makers by promoting your company on the longest established aggregate website in the US & Canada. Or advertise in our emails which are sent to opted-in subscribers according to their chosen categories. All advertising will display correctly on tablets and mobiles as this site is responsive.