Construction aggregates market 2016 - 2024
The global consumption of construction aggregates is expected to reach 62.9 billion metric tonnes by the end of 2024, up from 43.3 billion metric tonnes in 2016, in terms of volume. Sand will experience the maximum demand, recording an absolute incremental opportunity of nearly US$ 89 Bn over 2016-2024.
The global construction aggregates market is anticipated to witness a Y-o-Y growth of 6.3% in 2016. Increasing activities in infrastructure and renovation sectors are the key drivers propelling the demand for construction aggregates globally. In addition, macro economic factors such as industrialisation and urbanisation will continue to drive substantial demand. Other factors include; increasing tourism, an advancing commercial construction sector, and a thriving residential construction sector. A key trend in the market is the growing preference among manufacturers for recycled aggregates and manufactured sand.
Environmental pollution from construction activities poses a strong challenge to the growth of the global construction aggregates market. In addition, the market is expected to see lower growth because of the challenges of transportation, technological limitations, and seasonal variations. Depleting natural resources can also restrain growth.
On the basis of product type, sand will remain the largest segment, accounting for 44 % revenue share of the market in 2016. The crushed stone segment will bring in higher revenues compared to gravel and other aggregates.
Based on the application, the construction aggregates market is governed by four major applications; residential, commercial, industrial, and infrastructure, among which infrastructure is expected to account for the highest revenue share.
[edit] Find out more
[edit] Related articles on Designing Buildings Wiki
Featured articles and news
Types of domestic heating systems.
Will the way we heat homes change when winter comes ?
Extended reality in a post-pandemic world.
Can XR technology be leveraged in design & construction?
Or are you capping.
STEM ambassadors needed for ICE CityZen award.
Digital gaming competition for UK students aged 16 to 18.
Heritage protection in England vs Australia.
Fire doors and the Fire Door Inspection Scheme.
Three-quarters of fire doors fail inspections
UN International Day for Biological Diversity, May 22.
The role of geoparks, biospheres and world heritage sites.
BSRIA conference 2022, June 23.
Just one month to go ! Find out more here.
Restoring Broadbent’s Bath House
A new gallery for the University of Huddersfield.
Corruption in the construction industry.
What will it take to stop it ?
To celebrate world bee day 2022 !
Just one month until the changes to part L come into effect.
Not forgetting part F and the new part overheating part O.
Heat Pump demand rises by one quarter.
As energy prices jump up in cost.
With people in the UK from Ukraine.
Industry leader Steve Murray takes on role.
An abundant and versatile building material.
How overheating complicates ending gas in the UK.
600,000 heat pump installations targeted per year by 2028.
Cost planning, control and related articles on DB.
Helping prevent those unwanted outcomes.
ICE debate Public transport - post pandemic.
How has transport changed due to Covid-19 ?
Cross-ventilation in buildings. Do you have it ?
Will you need it ? after June 15 and the new Part O ?
Share your knowledge with the industry.
Create an account and write the first of many articles.