Construction Aggregate Market

Construction Aggregate Market Study by Crushed Stones, Manufactured Sand, Natural Sand, Gravel, and Recycled Aggregates for Commercial, Residential, Industrial, and Infrastructure from 2024 to 2034

Analysis of Construction Aggregate Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Construction Aggregate Market Outlook (2024 to 2034)

The global construction aggregate market size is pegged at a valuation of US$ 418.14 billion for 2024 and is forecasted to climb to US$ 781.98 billion by the end of 2034. Worldwide construction aggregate sales are set to rise at 6.5% CAGR from 2024 to 2034.

Construction aggregates are particulate materials made from natural sources or extracted through mining and used in construction applications. Sand, gravel, recycled concrete, and crushed stone are some popularly used construction aggregates. The widening scope of construction aggregate applications is projected to benefit market growth in the long run.

Increasing launch of new construction projects, high investments in infrastructure development, growing demand for new energy infrastructure, increasing adoption of sustainable building practices, and growing use of BIM (Building Information Modeling) software are key construction aggregate market trends that could augment construction aggregate sales through 2034.

  • In June 2022, Holcim, a leading Swiss supplier of building materials, announced that it had invested in the United States-based Blue Planet Systems Corporation to help promote sustainability in the construction industry. Blue Planet uses a novel mineralization technology that it has patented to capture and sequester carbon dioxide in synthetic aggregates.

High focus on sustainability is projected to bolster demand for recycled construction aggregates and create new opportunities for construction aggregate suppliers around the world going forward. The expanding world population and the rising need for housing for all are set to uplift the sales of construction aggregates in the residential construction industry.

Report Attributes Details
Construction Aggregate Market Size (2024) US$ 418.14 Billion
Projected Market Value (2034F) US$ 781.98 Billion
Global Market Growth Rate (2024 to 2034) 6.5% CAGR
Canada Market Value (2024E) US$ 1.96 Billion
Mexico Market Growth Rate (2024 to 2034) 5.8% CAGR
South Africa Market Value (2034F) US$ 6.57 Billion
Key Companies Profiled
  • Vulcan Materials Company
  • Taiheiyo Cement Corporation
  • Martin Marietta Materials Inc.
  • LSR Group
  • Holcim
  • Adelaide Brighton Cement
  • Eurocement Group
  • CEMEX
  • Breedon Group PLC
  • Heidelberg Materials
  • Rogers Group Inc.

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What are the Major Roadblocks for Construction Aggregate Manufacturing Companies?

“Fluctuations in Pricing and Rising Popularity of Container Homes”

The trend of minimal living has popularized the concept of container homes in different parts of the world. Building a container home in many parts of the world is cheaper than investing in a traditionally constructed structure using cement and other construction materials. Hence, the rising popularity and adoption of container homes is a major threat for construction aggregate providers going forward.

Construction aggregates are mined or created using different raw materials and the fluctuations in the pricing of raw materials are also forecasted to impede construction aggregate market growth in the future. Rising illegal mining activity has led to the imposition of stringent mining regulations thereby increasing the construction aggregate prices as well. High transportation costs of construction aggregates are also forecasted to hurt the construction aggregate market size through 2034.

Construction Aggregate Market Size, Share and Sales Forecast Report by Fact.MR

What’s Compelling Construction Aggregate Companies to Invest in the Middle East?

“Launch of Grand Scale Mega Projects”

Attribute Middle East
Market Value (2024E) US$ 20.1 Billion
Growth Rate (2024 to 2034) 6.2% CAGR
Projected Value (2034F) US$ 36.84 Billion

Countries in the Middle Eastern region have been majorly dependent on oil & gas for their economic growth forever. But, as their oil reserves deplete and the world moves towards sustainability, it is projected to create some real economic issues for these countries which is why they are focusing on diversifying their economy with other sources such as tourism. The United Arab Emirates (UAE) is the perfect example of how Middle Eastern countries can market themselves as a haven for tourists and support their economic growth.

The Kingdom of Saudi Arabia (KSA) is also focusing on travel and tourism by following the economic development model of the UAE. The only difference is that KSA is building mega projected on a much grander scale and creating some one-of-a-kind monuments that the world couldn’t even possibly think of making.

  • In April 2016, Mohammed Bin Salman, the crown prince of KSA, announced the launch of the Vision 2030 program to reposition the economy of the country and diversify away from oil-focused economic development.
  • NEOM is the centerpiece of Saudi Vision 2030 as this is a futuristic megacity being built in the middle of nowhere while setting the standard for sustainable living of tomorrow. Mukaab, Trojena, and Oxagon port are some other notable megaprojects being built in Saudi Arabia.

With such huge construction projects being planned and undertaken in the Middle East, the demand for construction materials such as construction aggregates, cement, concrete, etc. is projected to reach new heights over the coming years, and this is why construction aggregate companies are focusing on expanding their business in the Middle East.

  • Sales of construction aggregates in the Kingdom of Saudi Arabia (KSA) are forecasted to increase at 6.6% CAGR from 2024 to 2034.

Fact.MR, a market research and competitive intelligence provider, in this latest construction aggregate market study report, gives a detailed regional analysis of the industry with factors such as local supply, pricing trends, product standards, safety regulations, and new developments, affecting market growth.

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Country-wise Insights

Construction aggregate manufacturers and suppliers should focus on India, China, the United States, and Brazil to magnify their business potential as they capitalize on the common growth trend of increasing construction activity around the world.

What’s Driving Construction Aggregate Sales in the United States?

“Shortage of Affordable Housing and High Demand for Luxury Homes”

Attribute United States
Market Value (2024E) US$ 20.14 Billion
Growth Rate (2024 to 2034) 5.1% CAGR
Projected Value (2034F) US$ 33.04 Billion

The stark contrast of the housing market in the United States has become worse in the post-pandemic period as the availability of affordable housing reduces and demand for luxury housing increases. Surging interest rates and rising construction costs have also significantly contributed to a worsening housing crisis in the country.

Efforts to improve the availability of affordable housing for people by the government are projected to uplift construction aggregate demand in the country going forward. Meanwhile, hot luxury housing demand in prime cities of the United States is also estimated to create new opportunities for construction aggregate manufacturers and distributors in the United States through 2034.

Which Asian Countries Should Construction Aggregate Suppliers Invest In?

“India and China to Provide Highly Rewarding Business Opportunities”

India and China have been the leading developing economies in the Asian region for quite a while now. Industrialization and urbanization are increasing rapidly in these countries, which are projected to create high demand for construction aggregate over the coming years. Government efforts and investments to improve infrastructure in the aforementioned countries are also estimated to propel sales of construction aggregates over the next ten years and beyond.

Category-wise Insights

Construction aggregate providers are focusing on maximizing their sales of crushed stones used in various construction applications by capitalizing on increasing infrastructure development activity around the world.

Where is Construction Aggregate Consumption Set to Soar?

“Infrastructure Applications to Lead Product Demand”

Attribute Infrastructure
Segment Value (2024E) US$ 168.95 Billion
Growth Rate (2024 to 2034) 7% CAGR
Projected Value (2034F) US$ 333.07 Billion

Efforts of emerging economies to boost their economic growth have led to increased investments in infrastructure development thereby driving shipments of construction aggregates. India, China, and Brazil are some of the most attractive markets for construction aggregate suppliers in terms of infrastructure development. Growing urbanization and the rising popularity of smart city concepts are also estimated to favor construction aggregate demand in infrastructure applications over the coming years.

Which Type of Construction Aggregate is Highly Sought After?

“Demand for Crushed Stones Remains High in Multitude of Applications”

Attribute Crushed Stones
Segment Value (2024E) US$ 165.29 Billion
Growth Rate (2024 to 2034) 7.1% CAGR
Projected Value (2034F) US$ 327.21 Billion

Crushed stones have been widely used in commercial as well as residential applications for landscaping as they offer an aesthetic look with functionality. They are also extensively used in coastal projects to protect shoreline erosion and damage, which is projected to further bolster their demand in the long run.

The incorporation of crushed stones in concrete and cement mixtures enhances their strength characteristics and improves their application scope in the construction industry. The growing use of crushed stones in the construction of new road networks is also forecasted to bolster growth in this segment across the study period.

  • Crushed stones are predicted to account for 41.8% of the global construction aggregate market share by the end of 2034.

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

Analyst’s Opinion

High focus on the incorporation of sustainability in the construction industry is projected to push construction aggregate companies to create recycled and eco-friendly construction aggregates to stay relevant in the business going forward. Construction aggregate manufacturers are focusing on expanding their production capacity to meet the high demand from different countries investing heavily in infrastructure development activities.

Key Segments of Construction Aggregate Market Research

  • By Type :

    • Crushed Stones
    • Manufactured Sand
    • Natural Sand
    • Gravel
    • Recycled Aggregates
    • Others
  • By Application :

    • Commercial
    • Residential
    • Infrastructure
    • Industrial
  • By Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa

- FAQs -

How big is the construction aggregate market set to be in 2024?

The global construction aggregate market is estimated to be valued at US$ 418.14 billion in 2024.

What is the projected market value for 2034?

Sales of construction aggregates are forecasted to reach US$ 781.98 billion by 2034-end.

What is the demand outlook for construction aggregates?

The global market is projected to increase at 6.5% CAGR from 2024 to 2034.

Which region is highly opportune for construction aggregate manufacturers?

The market in the Middle East is predicted to rise at 6.2% CAGR over the next ten years.

Where is construction aggregate demand soaring high?

Construction aggregate sales in the Kingdom of Saudi Arabia (KSA) are estimated to reach US$ 8.41 billion by 2034.

Who are the leading construction aggregate manufacturers?

Vulcan Materials Company, LSR Group, Holcim, Adelaide Brighton Cement, Eurocement Group, and CEMEX are key companies in the market.

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