Recycled Construction Aggregates Market Size

Recycled Construction Aggregates Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

In this way the market for aggregates for the building industry is growing and the world market is valued at $ 15 billion in 2023 and will grow at a CAGR of 4.8% from 2024 to 2032. The growth of this market reflects the growing demand for sustainable building materials and the increased requirements for the environment and the building industry's own circular economy practices. As urbanization continues to accelerate and public construction projects increase, the need for cost-effective and eco-friendly alternatives to traditional aggregates is growing. The market is driven by a number of factors, such as technological advances that improve the quality and performance of recycled aggregates. In recent years, advances in sorting and crushing methods have made it possible to produce high-quality recycled aggregates that meet the most stringent construction standards. LafargeHolcim, CRH and Veolia are investing in research and development, forming strategic alliances and launching new products to capitalize on this growing trend. LafargeHolcim, for example, is strengthening its portfolio of sustainable building solutions, including recycled aggregates, to be a leader in the green building movement.

Regional Market Size

Regional Deep Dive

Recycled construction aggregates are experiencing a substantial growth in the market across the world. The rising awareness of the environment and the stricter regulations have resulted in the increased demand for sustainable construction practices. The market dynamics vary across North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America. Each region offers its own set of opportunities and challenges. The technological innovations and the government initiatives play a vital role in the market development.

North America

• The U.S. EPA has instituted several programs to encourage the use of recycled aggregates. One of these, the WasteWise program, is designed to help industry reduce waste and increase its rate of recovery and reuse of materials.
• CRH and LafargeHolcim are investing in advanced technology for reprocessing, to increase the quality and performance of the recycled aggregates, and to widen their market share.
• The new building regulations, whose aim is to make houses as 'green' as possible, are also putting a premium on the use of second-hand materials.

Europe

• The European Union’s circular economy action plan stresses the importance of the use of secondary building materials in construction and sets ambitious goals for the use of secondary building materials in new constructions and in construction of public works.
• The most advanced countries, such as Sweden and Germany, have introduced the use of crushed concrete and asphalt in new constructions, and they are now regulating it.
• Building projects that are oriented towards sustainability, such as the European Union's "green deal", are expected to significantly increase the demand for recycled aggregates in the coming years.

Asia-Pacific

• The government of China has introduced a number of measures to encourage the use of recycled aggregates in the construction industry, in order to reduce waste to land and to increase the efficiency of construction.
• The invention of the mobile waste-processing plant in India is an example of the entrepreneurship of the future.
• The rapid urbanization in the Asian-Pacific region is putting the emphasis on the sustainable construction of the city, which is driving the development of the reclaimed waste management system and the technology.

MEA

• The United Arab Emirates has taken several steps to deal with this problem. For example, it has launched the Dubai Clean Energy Strategy 2050, which includes the goal of reducing the construction waste and promoting the sustainable construction.
• In the United Kingdom, the demand for recycled aggregates has grown considerably in recent years, as part of the Government’s wider policy of promoting the use of sustainable materials.
• In some places, international companies have worked with local companies to produce a better quality of aggregates.

Latin America

• Brazil is introducing new regulations requiring the use of recycled materials in public works, which will lead to an increase in the demand for these products in the region.
• In Mexico City, the Green Roofs initiative, which is introducing a green layer into the urban environment, is an example of the application of these principles.
• In view of the growing interest of the public and the business community in the field of the environment, the use of materials which have been recycled is becoming more and more important.

Did You Know?

“There is an enormous scope for reducing the amount of waste material deposited in sanitary dumps by converting about thirty per cent of the total waste material resulting from construction and demolition into aggregates, thereby reducing the amount of material sent to the sanitary dumps and the amount of the environment’s contamination.” — U.S. Environmental Protection Agency (EPA)

Segmental Market Size

The market for Recycled Construction Aggregates is experiencing significant growth, driven by growing awareness of the environment and stricter regulations. This market is a crucial part of sustainable building, offering an eco-friendly alternative to natural aggregates. The main drivers are stricter regulations on the reduction of waste in landfills and carbon emissions, and the growing demand from consumers and companies for sustainable building materials. Further, technological advances are improving the quality and availability of these products, further driving the market.

At present, the use of recycled building materials is being introduced on a large scale, as demonstrated by the practices of LafargeHolcim and the European Union, which are actively promoting the use of such materials in construction projects. Roads, concrete and landscape projects are the main applications. The most important of these are the use of recycled aggregates in concrete and in landscape work. Circular economy, the sustainable building trend and government policies for the reduction of waste have contributed to the rapid growth of this business. As for the development of the industry, advanced screening and crushing technology has played an important role in ensuring that the recycled aggregates meet the industry's standards and requirements.

Future Outlook

The market for Recycled Construction Aggregates is expected to grow at a CAGR of 4.8% from 2023 to 2032, from a size of $15.088 billion to $23.0 billion. This growth is driven by the increasing focus on sustainable construction practices and the increasing pressure to reduce the amount of waste sent to the landfill. In addition, the growing demand for construction materials due to urbanization will lead to a higher share of recycled aggregates in the aggregates market, from an estimated 20% in 2023 to an estimated 30% in 2032. It will not only be an environmentally friendly solution, but also a cost-effective solution for companies seeking to optimize their resource use.

Moreover, technological developments such as improved recovery processes and quality control procedures are expected to drive the market further. Consequently, the quality of recycled aggregates will be higher, making them more competitive with conventional materials. Similarly, government policies encouraging the use of recycled aggregates in public works projects will be important for the market. In addition, the integration of digital technology into construction management and the increasing use of life cycle assessment tools will be of great importance in shaping the future of the market, and will ensure that sustainable practices are the norm.