Global Aggregates Market

Global Aggregates Market Size, Share, Growth Analysis, By Product type(Crushed stone, sand), By Application(Residential, commercial), By End use(Concrete, road based) - Industry Forecast 2023-2030


Report ID: SQMIG15F2082 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 93 | Figures: 76

Global Aggregates Market Insights

Aggregates Market size was valued at USD 507.46 billion in 2021 and is poised to grow from USD 534.95 billion in 2022 to USD 837.3 billion by 2030, growing at a CAGR of 5.72% in the forecast period (2023-2030).

Construction aggregates are the most mined commodity on the planet and are essential components of composites such as asphalt  and concrete. These materials are created by drilling down to smaller pieces natural sources such as limestone, rock traps, and granite. Construction aggregates are fundamental materials used in the construction of roads, airports, runways, parking lots, and railroads. This material is also used to purify water, prevent soil erosion, and filter it. The development of infrastructure projects as a result of global urbanization has driven the aggregates market. The demand for offices, residential properties, and commercial malls has resulted in an abundance of building aggregates all over the world. Increasing investments by the government on improving transport facilities and enhancing their energy (power generation) networks has fueled the demand.

The impact of the pandemic reshapes global aggregates market as certain manufacturers close down or reduce production due to a lack of downstream demand. While some are having their production halted as a precautionary measure by their respective governments to combat the spread of the virus. Consumers in certain countries are focused on being more regional by looking at the magnitude of the pandemic and the subsequent actions of national authorities. Business dynamics in the Asia Pacific region were very dynamic in these situations, weakening on a regular basis and making stability difficult.

US Aggregates Market  is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2023-2030

Global Market Size

USD 507.46 billion

Largest Segment

Crushed Stone

Fastest Growth

Crushed Stone

Growth Rate

5.72% CAGR

Global Aggregates Market 2021-2028 ($ Bn)
Country Share for Asia Pacific Region- 2021 (%)
Global Aggregates Market Size By Product Type 2021-2028 ($ Bn)
Global Aggregates Market Size By Product Type 2021-2028 (%)

To get more reports on the above market click here to Buy The Report

Global Aggregates Market Segmental Analysis

Global aggregates market has been segmented based on product type, application, end use, and region. Based on product type, global aggregates market are further sub-segmented into crushed stone, sand, gravel, and others. On the basis of application, global aggregates market is segmented into residential, commercial, industrial, and infrastructure. Based on end use, global aggregates market is segmented into concrete, road based and coverings, and others. Based on region, the Aggregates Market is divide into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa.

Aggregates Market Analysis by Product Type

The crushed rock is expected to make the largest contribution to the global aggregates market due to its easy availability. The cement can be in combined with crushed stone as these has surface volume property for binding. Aggregates can be smooth surfaced or rough surfaced. Sand is the main component for manufacturing concrete like other aggregates. The crushed stone segment was valued at USD 287.49 billion in 2021 and is supposed to grow at a CAGR of 5.7% from 2022 to 2028.The demand for aggregated product is rising due to enormous growth in construction industry. Due to rapid urbanization in regions of India, Indonesia and China in scaling of housing sector which drives the global aggregates market.

Aggregates Market Analysis by Application

The infrastructure segmented is observed to be the largest segment during the forecast period. Residential is the dominant segment due to increase in urbanization with the increase in population. Infrastructure industry is the backbone of the country. It contributes significantly to quickening overall development and drives its economy's growth because it is one of the robust industries. The Infrastructure segment was valued at USD 2,242.3 billion in 2021 and is expected to reach USD 3,267.3 billion by 2028, a growth rate of 6.48% during the forecast period. In 2021, commercial and infrastructure sectors contributed revenue of over 61%. Some steps are taken by Indian Government as, to establish Special Economic Zones (SEZs) that encourage industrialization and economic development. This drastic change has heighten the need for residential buildings, especially in emerging countries like China and India.

Global Aggregates Market By Product Type 2021 (%), 2021 (%)

To get detailed analysis on other segments, Request For Free Sample Report

Global Aggregates Market Regional Insights

Global aggregates market is classified into North America, Europe, Asia Pacific, and MEA. Asia-Pacific considered as the booming market in respect of aggregates where there is more construction activities in the regions such as country like India, Japan which has many ongoing and future construction projects of roadways, metros, airports and others. As per the stats released by the IMF, the Asia Pacific economy is likely to be the least affected region due to the COVID-19 pandemic. The Indian construction industry employs over 30 million people and creates assets worth over ₹ 200 billion. It contributes more than 5 per cent to the nation's GDP and 78 per cent to the gross capital formation. Planning of major road ways development in 2022 has done by the Argentina government.

The Middle East & Africa are said to be the second-fastest growing region over the forecast period as the construction industry is forecast to record growth in 2021 of 4.4%. The Middle Eastern construction industry as countries, such as Saudi Arabia and Qatar are projected to remain assures as they move from oil-based economies to manufacturing/service-oriented economies. In North America, the market for eco-friendly building aggregates is growing. Due to their low cost advantages, recycled construction aggregate imports are expected to increase in Latin America, the Middle East, and Africa, which would likely enhance the market in these countries.

Global Aggregates Market By Geography, 2021-2028, 2023-2030
  • Largest
  • Fastest

To know more about the market opportunities by region and country, click here to
Buy The Complete Report

Global Aggregates Market Dynamics

Aggregates Market Drivers

  • People are increasingly relocating closer to towns and cities to take advantage of privileged social and economic services and benefits in both emerging and developed countries. These include social and economic advantages such as better housing, business opportunities, transportation, health care, education, and sanitary conditions. This usually aids in the development of land for commercial buildings, social and economic support structures, transportation infrastructure, and residential structures.
  • One of the major factors driving up demand for such products is the government's various infrastructure projects and maintenance initiatives. Governments seek good infrastructure because it facilitates trade, fuels industry, connects workers to jobs, gives hope to suffering communities, and protects the country from an increasingly volatile natural environment.

Aggregates Market Restraints

  • High transportation costs of construction aggregates are likely to limit their market growth. Transportation costs account for roughly half of the total administrative expense for building aggregates. As a result, the market for construction aggregates is expected to be constrained by high transportation costs during the projection period. Furthermore, due to strict zoning regulations and restrictions on aggregate extraction in densely populated areas, aggregate market growth is expected to be slower. Obtaining clearance for a mining site is a time-consuming and difficult procedure that could take many years due to environmental rules, zoning laws, and land development laws.

Request Free Customization of this report to help us to meet your business objectives.

Global Aggregates Market Competitive Landscape

The global aggregates market is highly competitive and most of the companies have vast distribution channels across regions and are fully integrated across the chain. Companies compete among themselves by aggressive pricing strategy, to gain a higher market share. They also focuses on developing new products with the absorption of new technology and refining its produced products to sustain in the competition and to gain higher market shares among the competition. Along with product innovations, players are aiming at strategic partnerships with regional players to strengthen regional footprint in the market.

Top Players in the Global Aggregates Market

  • LafargeHolcim 
  • HeidelbergCement AG
  • CRH plc
  • CEMEX S.A.B. de C.V.
  • Martin Marietta Materials, Inc.
  • Vulcan Materials Company
  • Eurocement Group
  • Buzzi Unicem S.p.A.
  • China National Building Material Company Limited (CNBM)
  • Taiheiyo Cement Corporation
  • Adelaide Brighton Ltd
  • Vicat SA
  • Holcim Australia Pty Ltd
  • National Cement Company, Inc.
  • Colas SA
  • Hanson Limited
  • China Resources Cement Holdings Limited
  • Cementir Holding N.V.
  • Aggregate Industries UK Ltd
  • Lhoist Group.

Aggregates Market Recent Developments

  • On September 7, 2022, experts highlight need for precast concrete, water proofing in infra projects as the need for high quality infrastructure is significant at a time when the Indian government has embarked on a massive infrastructure push in its quest to make India a $5 trillion economy in the short term.
  • In September 2022, CDE, a global provider of sand and aggregate wet processing solutions for the natural processing and waste recycling sectors, will highlight the role of its technology in supporting the circular economy and zero waste agenda at Bauma 2022, a construction and mining machinery trade fair that runs from Oct 24-30 in Munich.

Global Aggregates Key Market Trends

  • Aggregates are the most mined materials in the world. These aggregated materials are mix with cement, gypsum, lime that forms a major part of building blocks. In India, massive urbanization is expected to in next decade which is expected to push the construction sector in turn pushing the demand for the aggregates. India is trying to build more than 100 smart cities all over the country to achieve rapid urbanization in the country which is expected contribute greatly for the aggregates demand during the forecast period. Analysing the construction demand and rising of the sector the demand for aggregated products are expected to increase rapidly over the forecasting period. ​

Global Aggregates Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.

According to our aggregate market analysis, leading players are increasing investments in the introduction of new aggregates machinery, which are expected to drive construction aggregates market growth. Some of the main opportunities for aggregate manufacturers include the housing market recovery, ongoing residential and industrial projects in areas such as North America and Asia-Pacific, and increased government spending on infrastructure projects such as transportation and power generation. The ongoing infrastructure projects and their maintenance will also increase aggregates market demand, as almost every developing country has massive projects to complete.

Report Metric Details
Market size value in 2021 USD 507.46 billion
Market size value in 2030 USD 837.3 billion
Growth Rate 5.72%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Product type
    • Crushed stone, sand, gravel, others
  • Application
    • Residential, commercial, industrial, infrastructure
  • End use
    • Concrete, road based, coverings, others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • LafargeHolcim 
  • HeidelbergCement AG
  • CRH plc
  • CEMEX S.A.B. de C.V.
  • Martin Marietta Materials, Inc.
  • Vulcan Materials Company
  • Eurocement Group
  • Buzzi Unicem S.p.A.
  • China National Building Material Company Limited (CNBM)
  • Taiheiyo Cement Corporation
  • Adelaide Brighton Ltd
  • Vicat SA
  • Holcim Australia Pty Ltd
  • National Cement Company, Inc.
  • Colas SA
  • Hanson Limited
  • China Resources Cement Holdings Limited
  • Cementir Holding N.V.
  • Aggregate Industries UK Ltd
  • Lhoist Group.
Customization scope

Free report customization with purchase. Customization includes:-

  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.

Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share

Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Aggregates Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Aggregates Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Aggregates Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Aggregates Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Aggregates Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Aggregates Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Aggregates Market size was valued at USD 507.46 billion in 2021 and is poised to grow from USD 534.95 billion in 2022 to USD 837.3 billion by 2030, growing at a CAGR of 5.72% in the forecast period (2023-2030).

The global aggregates market is highly competitive and most of the companies have vast distribution channels across regions and are fully integrated across the chain. Companies compete among themselves by aggressive pricing strategy, to gain a higher market share. They also focuses on developing new products with the absorption of new technology and refining its produced products to sustain in the competition and to gain higher market shares among the competition. Along with product innovations, players are aiming at strategic partnerships with regional players to strengthen regional footprint in the market. 'LafargeHolcim ', 'HeidelbergCement AG', 'CRH plc', 'CEMEX S.A.B. de C.V.', 'Martin Marietta Materials, Inc.', 'Vulcan Materials Company', 'Eurocement Group', 'Buzzi Unicem S.p.A.', 'China National Building Material Company Limited (CNBM)', 'Taiheiyo Cement Corporation', 'Adelaide Brighton Ltd', 'Vicat SA', 'Holcim Australia Pty Ltd', 'National Cement Company, Inc.', 'Colas SA', 'Hanson Limited', 'China Resources Cement Holdings Limited', 'Cementir Holding N.V.', 'Aggregate Industries UK Ltd', 'Lhoist Group.'

People are increasingly relocating closer to towns and cities to take advantage of privileged social and economic services and benefits in both emerging and developed countries. These include social and economic advantages such as better housing, business opportunities, transportation, health care, education, and sanitary conditions. This usually aids in the development of land for commercial buildings, social and economic support structures, transportation infrastructure, and residential structures.

Aggregates are the most mined materials in the world. These aggregated materials are mix with cement, gypsum, lime that forms a major part of building blocks. In India, massive urbanization is expected to in next decade which is expected to push the construction sector in turn pushing the demand for the aggregates. India is trying to build more than 100 smart cities all over the country to achieve rapid urbanization in the country which is expected contribute greatly for the aggregates demand during the forecast period. Analysing the construction demand and rising of the sector the demand for aggregated products are expected to increase rapidly over the forecasting period. ​

Global aggregates market is classified into North America, Europe, Asia Pacific, and MEA. Asia-Pacific considered as the booming market in respect of aggregates where there is more construction activities in the regions such as country like India, Japan which has many ongoing and future construction projects of roadways, metros, airports and others. As per the stats released by the IMF, the Asia Pacific economy is likely to be the least affected region due to the COVID-19 pandemic. The Indian construction industry employs over 30 million people and creates assets worth over ₹ 200 billion. It contributes more than 5 per cent to the nation's GDP and 78 per cent to the gross capital formation. Planning of major road ways development in 2022 has done by the Argentina government.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Aggregates Market

Product ID: SQMIG15F2082

$5,300
BUY NOW GET FREE SAMPLE