Aggregate market size will increase by 74.96 billion USD | Market Research Insights Highlights Increase in Construction Sector Investments as Key Driver


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Supplier Information
The aggregate market is fragmented and suppliers are deploying growth strategies such as forming strategic partnerships to be competitive in the market. Suppliers deploy organic and inorganic growth strategies to compete in the market. Market sellers are increasingly focusing on the growth prospects of fast growing segments, while maintaining their positions in slow growing segments. To do this, market players engage in strategic partnerships and acquire promising start-ups, while strengthening their presence and establishment in the market.

For example, in September 2021, CEMEX SAB de CV announced the opening of a new office in Guatemala. Likewise, in July 2021, LafargeHolcim Ltd. announced the expansion of the refractory stone building products business into Latin America. In terms of product launches, companies are taking several initiatives to launch innovative product variants to meet the changing needs of end users. For example, in September 2021, LafargeHolcim Ltd. announced the acquisition of Utelite Corporation in the United States, a leading producer of lightweight aggregates. In August 2021, Vulcan Materials Co. announced the acquisition of US Concrete.

Some of the other key market players covered in this report include:

  • Adelaide Brighton Ltd.
  • CEMEX SAB de CV
  • CRH Plc
  • EUROCEMENT Group
  • HeidelbergCement AG
  • LafargeHolcim Ltd.
  • LSR Group
  • Martin Marietta Materials Inc.
  • Rogers Group Inc.
  • Vulcan Materials Co.

Learn more about the growth strategies adopted by vendors and their product offerings. Read a sample market research report.

Main market drivers and challenges:
Increased investment in the construction sector.

The report identifies the increase in investment in the construction industry as one of the major drivers likely to drive the growth of the aggregates market. Governments around the world are supporting construction projects for the development of fast-growing infrastructure and to provide shelter for the ever-growing population. In addition, countries such as India and China have contributed to the increase in demand for construction aggregates due to the increase in the number of government funded investments in infrastructure development.

Illegal mining activities.

Illegal mining activities have become one of the major challenges facing the global aggregates market, especially sand. Illegal sand mining activities have plagued several developing markets that are creating demand for sand. Government efforts to combat illegal sand mining have been unsuccessful due to the rapid depletion of sand reserves in many countries. In addition, the illegal mining activities associated with sand and gravel have led to an increase in the prices of aggregates, especially in urban areas of different countries, hampering the growth of the global aggregates market.

See a free sample for highlights on market drivers and challenges affecting the aggregates market.

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Associated reports:

Construction Materials Market by Product and Geography – Forecast and Analysis 2021-2025

Additional Cementitious Materials Market by Type and Geography – Forecast and Analysis 2021-2025

Dry Construction Market by End User and Geography – Forecast and Analysis 2021-2025

Scope of the aggregates market

Cover of the report

Details

Page number

120

Year of reference

2021

Forecast period

2022-2026

Growth dynamics and CAGR

Accelerate to a CAGR of 3.85%

Market growth 2022-2026

$ 74.96 billion

Market structure

Fragmented

Annual growth (%)

4.15

Regional analysis

APAC, Europe, North America, MEA and South America

Efficient contribution to the market

APAC at 50%

Main consumer countries

China, India, United States, Germany and United Arab Emirates

Competitive landscape

Leading companies, competitive strategies, reach of consumer engagement

Profiled companies

Adelaide Brighton Ltd., CEMEX SAB de CV, CRH Plc, EUROCEMENT Group, HeidelbergCement AG, LafargeHolcim Ltd., LSR Group, Martin Marietta Materials Inc., Rogers Group Inc. and Vulcan Materials Co.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast Growing and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period.

Customization

If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.

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