According to IMARC Group’s latest report, Aggregates Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026” the global market grew at a CAGR of around 6% during 2015-2020. Aggregates are building construction materials mixed with bitumen, lime, cement and gypsum.
These materials have a coarse and grainy texture with excellent durability, chemical resistance and the ability to withstand high temperatures. Nowadays, aggregates have gained traction as they offer enhanced porosity, volume, stability, abrasive power, and resistance to wear and erosion to industrial, commercial and residential complexes.
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The global aggregates market is primarily driven by rapid industrialization and urbanization and increasing disposable incomes that have increased spending in the construction sector. As a result, governments of various countries are also extensively investing in the infrastructural developments that have escalated the demand for aggregates.
Aggregates are utilized for renovating, reinforcing, and reshaping existing buildings, roads, highways, rail links, and water and sewage facilities. Besides this, the advancements in aggregate manufacturing technologies have enabled manufacturers to develop sustainable and environment-friendly variants with recycled aggregates to minimize environmental impact.
These factors are expected to provide a positive thrust on the market growth in the coming years. Looking forward, IMARC Group expects the aggregates market to exhibit moderate growth during 2021-2026.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- ADBRI Limited
- Cement Industries of Malaysia Berhad (United Engineers Malaysia Berhad)
- Cemex S.A.B. de C.V.
- China Resources Cement Holdings Limited
- CRH Plc
- Eurocement Group
- HeidelbergCement AG
- LafargeHolcim Ltd
- LSR Group
- Martin Marietta Inc.
- Rogers Group Inc.
- Vulcan Materials Company.
Breakup by Type:
- Crushed Stone
- Road Base and Coverings
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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