Concrete Aggregates Market Size

Concrete Aggregates Market size was over USD 402.57 billion in 2023 and is expected to exceed USD 768.56 billion by 2036, growing at over 5.1% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of concrete aggregates is evaluated at USD 418.99 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.