What are the Major Drivers of Construction Aggregate Industry ?

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Construction aggregate is defined as a broad category of coarse to medium-grained particulate material used in construction. Market Research Future (MRFR) has published a research report about the global construction aggregate market that predicts growth for this market during the forecast period between 2016 and 2021.

Analyzing the market structure, this report calculates the future growth potential of the market. It weighs the strategies of the key players in the market and supports the competitive developments like joint ventures, new product developments, mergers and acquisitions, research and developments (R&D) in the market.

The key factor driving the global construction aggregate market growth is the increased number of construction projects around the world. Other factors supporting the market growth include growing investments in this sector, increasing industrialization, and better processes that have increased the production levels, resulting in market growth.

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The global construction aggregate market has been segmented on the basis of application, material, and lastly, region. As per the application-based segmentation, the market has been segmented into commercial, residential, industrial, infrastructure, and others. Residential areas are areas where housing societies are located. Commercial areas the areas where corporate offices, businesses, and retail outlets are located. Industrial areas are where factories or manufacturing units for a product meant for sale are set up. Infrastructure applications are those that are useful for infrastructure development.

The material-based segmentation segments the market into crushed stone aggregates, gravel aggregates, sand aggregates, and others. The segment called “others” includes geosynthetic aggregates, recycled concrete aggregates, and slag aggregates.

The regional segmentation of the global construction aggregate market can segment the market into the regional markets known as North America, Europe, Asia Pacific, and rest of the world (RoW). During the forecast period, the Asia Pacific region is expected to emerge as the fastest growing market due to growing investments in the construction sector in China and India. Another important country-specific market in this region is Japan, followed by the remaining countries of the Asia Pacific region.

By 2021, growth is expected in the market of North America too due to technological advancement, established construction industry, and due to the presence of many key market players. The most important country-specific markets in North America are the USA and Canada.

In Europe, the market is expected to grow during the forecast period, primarily due to the reasons the same as in North America. The maximum revenue generating country-specific markets in Europe are France, Germany, Italy, the Netherlands, and the UK, followed by the remaining countries of Europe.

The RoW segment covers South America and the Middle East & Africa (MEA). In South America, Argentina and Brazil are two strong economies that can be suitable markets in the future. In the MEA region, the market is small due to poor countries, lack of awareness, lack of education, lack of skilled labor, and lack of technological advancement.

Key Players

The key players in the global construction aggregate market include Aalborg Portland A/S (Denmark), Anglo American PLC (UK), Asamer Baustoffe AG (Austria), Boral Limited (Australia), CEMEX S.A.B. de C.V. (Mexico), CRH PLC (Ireland), Eurocement Holding AG (Switzerland), Heidelberg Cement AG (Germany), Lafarge Holcim Ltd (Switzerland), LSR Group (Russia), Martin Marietta Materials Inc. (USA), and Vulcan Materials Company (USA). 

Latest Industry News

  • Aggregate Industries has introduced a new range of high early strength concretes that have been specifically designed for use in the pavement, structural, track bed, and void-fill applications. 15 FEB 2019
  • A new Artificial Intelligence called artificial neural networks (ANN) method can investigate the properties of concrete mixtures. It incorporates recycled aggregate concrete. 11 FEB 2019

Know More @  https://www.marketresearchfuture.com/reports/construction-aggregate-market-1545

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