Rockville , Nov. 29, 2023 (GLOBE NEWSWIRE) -- The global Construction Aggregate Market is set to reach a value of US$ 418.14 billion in 2024 and expand at 6.5% CAGR over the next ten years (2024 to 2034), according to a new study by Fact.MR.
Increasing population across the world is a major contributor to rising construction activity, which is subsequently creating high demand for construction aggregates as well. High investments of governments in developing countries in infrastructure development and the rising launch of new mega projects around the world are also estimated to favor sales of construction aggregates in the long run.
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Key Segments of Construction Aggregate Industry Research Report
| By Type | By Application | By Region |
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Middle Eastern countries such as Qatar, the United Arab Emirates, Saudi Arabia, and Oman are projected to emerge as key markets for construction aggregate manufacturers across the study period. The aforementioned countries are launching several new megaprojects that are estimated to uplift the demand for construction aggregates and other construction materials in the future. This study by Fact.MR, a market research and competitive intelligence provider, finds that a significant amount of construction aggregate sales revenue is projected to come from infrastructure applications in developing countries.
Key Takeaways from Market Study
- The global construction aggregate market is forecasted to expand at a CAGR of 6.5% from 2024 to 2034.
- The market is projected to reach a valuation of US$ 781.98 billion by 2034-end.
- High investments in infrastructure development, the launch of megaprojects, the growing need for housing, and the availability of recycled construction aggregates are key market drivers.
- Rising popularity of container homes and high costs of construction aggregate transportation are slated to impede market growth in the long run.
- Demand for construction aggregate in the United States is predicted to bring in a revenue of US$ 33.04 billion by the end of 2034.
- Sales of crushed stones are forecasted to increase at 7.1% CAGR from 2024 to 2034.
- Construction aggregate sales in the Kingdom of Saudi Arabia are forecasted to reach US$ 8.41 billion by the end of 2034.
“Developing countries such as India, China, and Brazil are estimated to offer attractive moneymaking opportunities for construction aggregate suppliers,” says a Fact.MR analyst
Winning Strategy
Construction aggregate manufacturers should focus on the creation of sustainable products to comply with the evolving building standards and use them in sustainable construction activities. Construction aggregate companies should also invest in the expansion of their production capacity to meet the surging demand from rising construction activity around the world.
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| Report Attribute | Details |
| Value Projection (2034) | USD 781.98 Billion |
| Growth Rate (2024-2034) | 6.5% CAGR |
| No. of pages | 170 Pages |
| No. of Tables | 25 Tables |
| No. of Figures | 132 Figures |
Construction aggregate manufacturers and suppliers can optimize their business potential by focusing on key markets such as India, China, the United States, and Brazil, aligning with the prevailing global growth trend in construction activity.
In the United States, the housing market disparity has intensified post-pandemic, marked by a reduction in affordable housing availability and a surge in demand for luxury housing. The exacerbation of this housing crisis is further fueled by escalating interest rates and construction costs. Government initiatives aimed at enhancing affordable housing accessibility are anticipated to drive construction aggregate demand in the country.
Concurrently, the robust demand for luxury housing in major U.S. cities is poised to create fresh opportunities for construction aggregate manufacturers and distributors through 2034.
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global construction aggregate market, presenting historical demand data (2018 to 2023) and forecast statistics for the period (2024 to 2034).
The study divulges essential insights on the market based on type (crushed stones, manufactured sand, natural sand, gravel, recycled aggregates, others) and application (commercial, residential, infrastructure, industrial), across six major regions of the world (North America, Europe, Latin America, East Asia, South Asia & Oceania, and Middle East & Africa).
Checkout More Related Studies Published by Fact.MR Research:
Recycled Construction Aggregates Market: The global recycled construction aggregates (RCA) market was valued at US$ 33.3 billion in 2021 and is forecasted to expand at a CAGR of 7.2% and reach US$ 71.9 billion by the end of 2032.
Construction Lubricants Market: The global construction lubricants market is likely to be valued at US$ 19.38 Billion in FY 2022, up from US$ 18.62 Billion in 2021. During the past year, the industry registered a Y-o-Y increase worth 4%.
Construction Plastics Market: The global construction plastics market is valued at US$ 93.61 billion in 2023. Worldwide demand for construction plastics is predicted to accelerate at a CAGR of 10.5% and reach US$ 254.5 billion by 2033.
About Us:
Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning. With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay ahead in the competitive landscape.
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