Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Concrete Aggregates Market size was over USD 423.1 billion in 2024 and is projected to reach USD 807.75 billion by 2037, witnessing around 5.1% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of concrete aggregates is assessed at USD 441.44 billion.
The growth of the market can be attributed to the increasing construction activities on a global level, backed by rising urbanization and growing population. Currently, over 7.5 million people are employed in the construction industry, contributing about 5% of the overall employment in the economy. Concrete aggregates are an inexpensive alternative for fillers of cement, which reduces the cost of construction. This is estimated to boost the market growth. The total production of concrete in 2019 amounted to almost 4 billion metric tons, globally. The rapid growth of construction industry is projected to fuel the market growth.
Concrete Aggregates Sector: Growth Drivers and Challenges
Growth Drivers
- Increasing Construction Activities Globally
- Lower Cost of Concrete Aggregates
Challenges
- Lack of Acceptance of Aggregates as compared to Concrete
Concrete Aggregates Market: Key Insights
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
5.1% |
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Base Year Market Size (2023) |
USD 402.57 billion |
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Forecast Year Market Size (2036) |
USD 768.56 billion |
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Regional Scope |
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Concrete Aggregates Segmentation
The market is segmented by type into gravel, crushed stone, sand, recycled concrete, and others, out of which, the recycled concrete segment is anticipated to hold the significant share in the global concrete aggregates market over the forecast period on account of growing environmental awareness and adoption of recycled concrete. Recycled concrete is being increasingly used for making pavement, parking lots, and driveways, which is expected to boost the market growth.
Our in-depth analysis of the global market includes the following segments
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By Type
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By Application |
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Customize this ReportConcrete Aggregates Industry - Regional Synopsis
North America Market Analysis
On the basis of geographical analysis, the global concrete aggregates market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America is anticipated to account for largest revenue share by 2037, on the back of rising construction activities in United States, and Canada. The U.S. construction sector valued at around USD 1.4 trillion in 2020. Moreover, increasing private residence construction and urbanization in the region is estimated to fuel the market growth.
APAC Market Statistics
The market in the Asia Pacific region is anticipated to garner significant market share during the forecast period, owing to the rapid urbanization and growing population in countries, such as, India, and China.
Companies Dominating the Concrete Aggregates Landscape
- Anhui Conch Cement Co., Ltd.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- The Taiwan Cement Corporation
- Martin Marietta Inc.
- Holcim Ltd
- HeidelbergCement AG
- CEMEX S.A.B. de C.V.
- Birla Corporation Limited
- Vicat
- Votorantim S.A.
- Jiangsu Huaxin New Material Co.,Ltd.
In the News
· July, 2021: Holcim Ltd launched a range of green cement, which has at least 30% lower carbon footprint with equal to superior performance, named ECO Planet.
Author Credits: Rajrani Baghel
- Report ID: 3375
- Published Date: Dec 26, 2024
- Report Format: PDF, PPT
