The global construction aggregates market revenue was around US$ 394.8 billion in 2022 and is estimated to reach US$ 667.8 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.2% during the forecast period from 2023 to 2032.

Aggregate is the most mined powdery product in the world. It is the basic element of composite materials like asphalt concrete and concrete. These materials are pulled from natural sediments like limestone, granite, and falling rocks by blasting and finely drilling them. These aggregates are utilized as foundation materials under highways, railroads, airport runaways, and parking lots.

Factors Influencing Market Growth

- Rapidly rising industrialization and urbanization across the world are positively influencing the construction industry, ultimately leading to the rise in demand for different construction materials including construction aggregates.

- The rise in tourism activities, innovation in the construction sector, and rapid infrastructural growth are some other factors anticipated to help the growth of the construction aggregates market.

- The high transportation cost of construction aggregates is anticipated to hinder the growth of the construction aggregates market.

- BIM gives support in terms of cost planning, time management, and sustainability for waste reduction, the usage of raw materials, and overall project performance enhancements. These factors are anticipated to propel the growth of the construction aggregated market.

Impact of COVID-19

The construction aggregates market witnessed different obstructions in its regular functions due to the COVID-19 pandemic and inflation. Earlier, the global lockdowns resulted in a drop in construction activities, ultimately leading to reduced demand for construction aggregates.

Regional Analysis

In 2022, Asia-Pacific dominate the global construction aggregates market in terms of revenue. Asia-Pacific is a highly evolving region with the fastest-growing population. Also, the rate of urbanization in this region is high. Therefore, because of the high population growth and urbanization in the region, the construction sector has noticed a quick rise, thereby, demand for construction aggregates, which are extensively utilized in the construction sector and expected to grow in the future.

Leading Companies

The leading prominent companies profiled in the global construction aggregates market are: -

- Adelaide Brighton Ltd.
- CEMEX S.A.B. de C.V.
- CRH plc
- Heidelberg Cement AG
- HOLCIM
- Martin Marietta Materials Inc.
- ROGERS GROUP INC.
- SIKA Group
- Vicat SA
- Vulcan Materials Company
- Other prominent key players

Segmentation Outline

The global construction aggregates market segmentation focuses on Type, Application, Transportation Mode, and Region.

Segmentation based on Type

- Crushed Stone
- Sand and Gravel

Segmentation based on Application

- Non-Residential
- Residential

Segmentation based on Transportation Mode

- Truck
- Train
- Ship

Segmentation based on Region

- North America
- The U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Singapore
- Rest Of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa