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Construction aggregates market analysis | Coherent Market Insights

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Construction aggregates market analysis | Coherent Market Insights

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  1. Coherent Market Insight Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ Covid-19 Impact Tracker

  2. CONSTRUCTION AGGREGATES MARKET ANALYSIS • Construction Aggregates Market, By Product Type (Crushed stone, Sand, Gravel, Other Aggregates), By Application (Commercial, Residential, Industrial, Infrastructure), By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027 • Construction aggregates are the most mined and grained product available in the world and are basic components of composite materials such as asphalt concrete and concrete. These materials are produced from natural deposits such as limestone, granite, and trap rock by using drilling and blasting the rock into smaller pieces. Construction aggregates are used as base materials underneath highways, airports, runaway, parking lots, and railroads. This material is also used in water purification, filtration, and to control erosion of soil. • The global construction aggregates market is projected to reach US$ 666.7 billion by the end of 2027, in terms of revenue, growing at CAGR of 6.0% during the forecast period (2019 to 2027).

  3. Drivers • Growing tourism industry coupled with the increasing investment in the development of recreational projects is expected to propel the market growth of construction aggregates. According to the World Travel & Tourism Council’s (WTTC) report, in 2018, travel and tourism grew by 3.9%, and contributed US$ 8.8 trillion to the world economy. Also, spending from international tourists also increased to 28.8% in 2018, up from 27.3% in 2017. Hence, growing travel and tourism industry is expected to foster the market growth construction aggregates.

  4. Increasing innovation in technologies for the production of aggregates for increasing efficiency of manufacturing processes and productivity with high quality of products is projected to fuel the growth of the global construction aggregates market over the forecast period. For example, Haver & Boecker’s ‘Hydro-Clean’ washing unit cleans toxic material from aggregates and reduces water consumption by around 75% as compared to conventional log washers.  • Geographically, Asia-pacific dominated the global construction aggregates market in 2018, reporting 50.7% market share in terms of revenue, followed by North America and Europe, respectively. Rapid growth of construction activities in Asia-Pacific region is expected to fuel the market growth in the next few years.

  5. Figure 1. Global Construction Aggregates Market, Revenue Share (%), By Region, 2018

  6. Market Restraints • High transportation cost of construction aggregates as they are heavy is expected to restrict the market growth of the construction aggregates. According to the Coherent Market Insights, transportation cost amounts to around 50% of the overall administrative cost incurred on construction aggregates. Hence, high transportation cost of the construction aggregates is expected to restrain the market growth of the Construction aggregates over the forecast timeframe.

  7. Strict zoning rules and regulation on the extraction of aggregates in populated areas are presumed to curb the market growth of construction aggregates. To get permission for a mining site is time-consuming and difficult process owing to environmental laws, zoning laws, land development laws, and it could take many years. According to the Coherent Market Insights, California has 74 billion metric tons of reserves in government-approved mining land; however, mining is permitted in only 6–8% of the land.

  8. Market Opportunities • Increasing investment for introducing new aggregates machinery by major players is expected to propel the market growth of construction aggregates over the forecast period. For instance, in November 2019, AR Demolition has continued investing in the future of its business with cutting-edge machinery worth of US$ 1 million for its aggregates recycling sister company. Newly-installed at AR Aggregates’ urban quarry in Leicester are two pieces of kit from German manufacturer Kleeman: an MR 110 Z EVO 2 impact crusher and an MS 953 EVO screening plant.

  9. Rising focus of manufacturers for increasing the production of aggregates is projected to propel the market growth of construction aggregates over the forecast timeframe. For instance, in January 2019, Metso has launched a number of new art solutions for the aggregate, construction, and mining industries in Bauma 2019. The launches include technologies and services that enable improving productivity and driving down costs.

  10. Figure 2. Global Construction Aggregates Market – Opportunity Analysis

  11. Market Trends/Key Takeaways • Rising environmental concern among manufacturers is encouraging them to launch innovative aggregates that have a less negative impact on the health of people is expected to augment the market growth. For instance, respirable crystalline silica dust generated on a job site is one of the leading health and safety issues facing the construction industry. Workers who inhale crystalline silica particles are at increased risk of developing serious silica-related health issues.

  12. Owing to the rising demand for aggregates key players are increasing investment to increase production capacity. This factor is expected to propel the market growth over the forecast timeframe. For instance, in March 2018, Metso increases production capacity in India to meet the market demand for aggregates equipment. By increasing capacity of the Metso Park factory in Alwar, Metso will increase the availability of its aggregate products in India as well as for export operations to Asia.

  13. Figure 3. Global Construction Aggregates Market, Revenue Share (%), By Application, in 2018

  14. Competitive Section: • Key players active in the global construction aggregates market HeidelbergCement AG, Martin Marietta Materials, Inc., LSR Group, LafargeHolcim, CEMEX S.A.B. de C.V., Vulcan Materials Company, CRH, Eurocement Group, and Adelaide Brighton Ltd. • Few Recent Developments • HeidelbergCement AG  • In July 2016, HeidelbergCement AG acquired a 45% share in Italcementi, an Italy-based cement, and aggregate manufacturing group • In March 2015, HeidelbergCement AG divested its North America and U.K. building product business to Lone Star • In 2015, the company acquired Australia-based Rocla Quarry Products, a supplier of concrete pipes, construction aggregates, precast concrete, etc.

  15. REQUEST SAMPLE • DOWNLOAD PDF • REQUEST CUSTOMIZATION • TALK TO ANALYST REFERENCE https://www.coherentmarketinsights.com/market-insight/construction-aggregates-market-2163

  16. About Us: Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

  17. Contact Us: Mr. Shah Coherent Market Insights Pvt.Ltd. Address: 1001 4th Ave, #3200 Seattle, WA 98154, U.S. Phone: +1-206-701-6702 Email: sales@coherentmarketinsights.com

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