The global construction aggregates market was valued at US$ 358.80 billion in 2017, and is expected to reach US$ 571.57 billion by 2025, witnessing a CAGR of 6.3% over the forecast period (2018 - 2025), according to Construction Aggregates Market Report, by Product Type (Sand, Gravels, Crushed Stones, and Others), by End-use Industry (Residential, Commercial, Industrial, and Infrastructure), by Application (Road Base & Coverings, Hydraulic Concrete, Asphaltic Concrete, and Others), and by Regions (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa), published by Coherent Market Insights.
Aggregates are generally defined as granular materials, which are used with the addition of lime or cement in the construction. Increasing demand for construction aggregates in various applications such as concrete, road stone, mortar, railway ballast, asphalt and others is driving growth of the construction aggregates market. According to Mineral Products Association (MPA), in 2015, road spending and asphalt sales increased by 6.5% in Great Britain.
However, rising energy cost and high transportation cost is restraining growth of the construction aggregates market. For instance, at a pit, the sand and gravel was valued at US$ 7/metric ton. Transporting it 35 kilometers to the point of its consumption cost an additional US$ 7 and thus the consumer has to pay US$ 14 per ton. This may negatively affect the market growth.
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Key Trends and Analysis of the Construction Aggregates Market:
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