USD 33.3 billion
Report ID: SQSG15F2009 | Region: Global | Published Date: November, 2022 | Pages: 165 | Tables: 66 | Figures: 75
Global Recycled Construction Aggregates Market size was valued at USD 33.3 billion in 2021 and is poised to grow from USD 35.7 billion in 2022 to USD 66.74 billion by 2030, growing at a CAGR of 7.2% in the forecast period (2023-2030).
The growing trend of enhancing the sustainability of the building sector is the primary driver for recycled construction aggregates. Natural construction aggregates are increasingly being replaced by recycled ones (RCA). Concrete, recycled unbound materials, crushed bricks and masonry, and crushed asphalt are examples of these aggregates. One important quality that makes RCA desirable is their propensity to result in a suitable mix design, especially when combined with additional cementitious ingredients. One important factor that is securing the potential of the market for recycled building aggregates is the ecologically benign nature of recycling. Construction and demolition trash can be recycled thanks to the techniques.
Early adopters in the market for recycled construction aggregates are nations that are worried about the depletion of natural resources. Europe's people serve as an example. Significant improvements in waste-treatment facilities and an emphasis on manufacturers to make installations easier have boosted market prospects. The market is growing as a result of significant advancements in the quality of RCA laboratory studies. This has encouraged producers to use superplasticizers to make recycled building aggregates more workable. The use of recycling building debris has expanded with the introduction of higher-performing additives. Over the past few years, a number of nations have developed standards that appear to stimulate the demand for recycled building aggregates. The development of the market is now being aided by the expanding usage of fine recycled aggregates in the building sector. The goal of stakeholders is to create RCS with improved mechanical and rheological performance. In order to achieve this, a variety of techniques have emerged. The potential of recycled construction aggregates is increasing as a result of the development of materials that help cement-based materials be reinforced. In this regard, recent trials with metallic or polypropylene fibers have indicated some promise.
US Recycled Construction Aggregates Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 33.3 billion
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The Global Recycled Construction Aggregate Market has been segmented based on Product Type, End-Use, and Region. Based on product type, the global recycled construction aggregates industries are further sub-segmented into crushed stone, sand & gravel, cement concrete, and asphalt pavement debris. According to End Use, the Recycled Construction Aggregate Market is further segregated into Residential, Commercial, Infrastructure, and others. Based on Region, the Recycled Construction Aggregate Market is further sub-segmented into North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa.
Recycled Construction Aggregate Market Analysis by Product Type
Crushed stone's accessibility and affordability will encourage more utilization in the construction industry. Cement, a crucial binding ingredient in the construction industry, is made from crushed stone. Cement will be used extensively as the housing sector expands in many nations, including India, China, and the United States. Additionally, the market's sales will be boosted by crushed stone's remarkable mechanical qualities and plentiful availability. the infrastructure sector is anticipated to lead the construction aggregates market in terms of revenue. Urbanization and industrialization, which have fueled the demand for numerous projects like the building of bridges, expressways, and motorways, can be credited with the growth of the infrastructure sector. Sales of construction aggregates are projected to increase during the assessment period as a result of upward trends in such projects.
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The largest market for recycled construction aggregates is the Asia Pacific. Europe and North America come next. During the projection period, there is anticipated to be a rise in demand for recycled construction aggregates, particularly in China, Japan, and South Korea. In addition, it is predicted that increased demand for environmentally friendly recycled materials in the building and construction sector in Asia Pacific's developing nations, including China, India, Indonesia, and Vietnam, will open up lucrative business opportunities for regional recyclers and producers of recycled construction aggregates. One major factor projected to drive the market in the area during the forecast period is an increase in government investment in the building industry in developing economies in Asia and the Pacific.
Due to the significant encouragement for the development of recycled construction aggregates in Europe, the market for eco-friendly building aggregates is growing in both Europe and North America. 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.
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Recycled Construction Aggregate Market Driver
Recycled Construction Aggregate Market Restraint
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Strong market competition, technological advancements, and progressive governmental regulations are major drivers of industry growth. On the basis of product quality, pricing, dependability, and usability, the providers compete. The British Columbia Ministry of Transportation and Infrastructure has granted Lafarge Holcim an infrastructure contract for over $100 million CAD for a significant highway enhancement project in Vancouver, Canada. Additionally, Lafarge Holcim purchased Colorado-based ready-mix concrete supplier Metro Mix from LCC.
Recycled Construction Aggregate Market Top Player’s Company Profiles
Recycled Construction Aggregate Market Recent Development
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According to our analysis, the Increasing Use of large cranes for construction dominated the global Recycled Construction Aggregates Market in 2021 and is expected to maintain its dominance throughout the forecast period. In 2021, the Asia Pacific dominated the global Recycled Construction Aggregates Market owing to the region's increase in online stores and government spending on construction.
|Market size value in 2021||USD 33.3 billion|
|Market size value in 2030||USD 35.7 billion|
|Forecast Unit (Value)||USD Billion|
|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)|
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For the Global Recycled Construction 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 Recycled Construction 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.
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Product ID: SQSG15F2009