ID: MRFR/CO/7229-HCR | 111 Pages | Author: Tejas Chaudhary | June 2023
Recycled Construction Aggregates Market is projected to be worth USD 182.9 Billlion by 2027, registering a CAGR of 6.70% during the forecast period (2020 - 2027).
The Global Recycled Construction Aggregates Market was valued at USD 102.1 Billion in 2018 and is expected to witness a 6.68% CAGR during the forecast period. Today, recycled aggregates are gaining more traction than natural materials. The aggregates materials can include brick, masonry, asphalt and unbound materials. Through supplement cement materials all these aggregates are blended well. These materials are highly cost-efficient than the first grade or natural products. The sustainability and durability of this product are attracting many end users.
Recycling and using the construction aggregates are beneficial for the environment. They are eco-friendly products that do not harm the environment in any way. Today, the awareness about recycled aggregates is higher among end-users. Thus construction industry is depending more on such products. Demolition of waster and reusing it has a wide range of advantages. The construction cost of the building is reduced by holding through this process.
Today, key regions such as Europe and the Asia Pacific are major users of the construction aggregates products. Many facilities treat these types of waste well to produce a quality construction material. The growing construction activities across the globe are increasing the supply and demand of the market. With more governmental initiatives about recycling, there are lots of new opportunities. All these are a factor that contributes to immense recycled construction aggregates market value.
Global Recycled Construction Aggregate Market: Regional Analysis
Globally, the recycled construction aggregates market has been segmented into five regions—North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. Among these regions, Europe dominated the market in 2018 owing to the high demand for eco-friendly construction aggregates in the construction industry, favorable government policies to encourage factory automation, and increased demand for cost-effective and highly durable construction materials. In North America, the US is a major contributor to the recycled construction aggregate market. The major factor that fuels the growth of the market in the US is the presence of key market players. However, the lack of a skilled workforce and limited awareness regarding the advantages of recycled aggregates and changes in laws and regulations is hampering the market growth. On the other hand, Asia-Pacific is expected to register the highest CAGR during the forecast period.
The Global Recycled Construction Aggregate Market has been segmented based on Product Type, End-Use, and Region. By product type, the global recycled construction aggregates industries is segmented into crushed stone, sand & gravel, cement concrete, and asphalt pavement debris. The crushed stones segment held the largest share of the global recycled construction aggregates market in 2018 and is expected to witness the highest CAGR during the forecast period.
Based on end-use, the global recycled construction aggregates industries is segmented into residential, commercial, infrastructure, and others (industrial and monumental). The infrastructure segment held the largest market share of the global recycled construction aggregates market in 2018 and is expected to witness the highest CAGR during the forecast period.Recent Development
Sun rock group is a top company that s integrating with other aggregates' production facilities. It is acquiring the shares of a chemical company that will support new developments. The sun rock groups are known for the production of asphalt mix, with this new acquisition the production rate of new aggregates will increase.
Arcosa is involved in various mergers and acquisitions. The company is the top producer of aggregates. It uses natural cement and recycles it into supplementary materials. Its new partnership with cherries Ltd will enhance the overall supply and demand of the company.
Market Research Future includes the following Key Players in the Recycled Construction Aggregate Industry research study: Delta Sand & Gravel (US), Heidelbergcement AG (Germany), Aggregate Industries Management Inc. (US), Green Stone Materials (US), CEMEX (Mexico), and LafargeHolcim Ltd (Switzerland) and others. Intense market competition, advances in technology, and progressive government policies are key factors that fuel market growth. The vendors compete based on product quality, cost, reliability, and workability. LafargeHolcim has been awarded an infrastructure contract by the British Columbia Ministry of Transportation and Infrastructure of over CAD 100 million for a major highway improvement project in Vancouver, Canada. LafargeHolcim also acquired Metro Mix, LCC a ready-mix concrete provider in Colorado.
|Market Size||2027: USD 38.20 Billion 2030 : Significant value|
|CAGR||7.9% CAGR (2022-2030)|
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||by Technology, by Application, by Material|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Owens Corning (US), GAF Materials Corporation (US), Certain Teed Corporation (US), IKO Industries Ltd. (Canada), Tamko Building Products, Inc. (US), Henry Company (US), ATAS International Inc. (US), PABCO Building Products, LLC. (US), Malarkey Roofing (US), and Polyglass S.p.A (Italy)|
|Key Market Opportunities||Rapid urbanization Unprecedented growth in the construction sector Increase in focus on innovation in green construction materials|
|Key Market Drivers||Augmented energy demand Appropriate cost in the construction of commercial and residential sectors identical|
Global recycled construction aggregates market is projected to grow at approximately 6.68 % CAGR during the assessment period (2019-2025).
Global recycled construction aggregates market had created a valuation of around USD 102.1 BN in 2018.
Infrastructureis the largest end-use segment in the global recycled construction aggregates market.
Europe holds the largest sharein the global recycled construction aggregates market, followed by North Americaandthe Asia Pacific, respectively.
Heidelbergcement AG (Germany), LafargeHolcim Ltd (Switzerland), Delta Sand & Gravel (US), Aggregate Industries Management Inc. (US), and CEMEX (Mexico), Green Stone Materials (US), are some of the top players operating in the global recycled construction aggregates market.
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