Research Nester published a report titled “Concrete Aggregates Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of theglobalconcrete aggregates market in terms of market segmentation by type, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global concrete aggregates market is anticipated to grow at a significant CAGR over the forecast period, i.e., 2022 – 2030. The market is segmented on the basis of type into gravel, crushed stone, sand, recycled concrete, and others. Among these, the recycled concrete segment is anticipated to hold the significant market share over the forecast period on account of growing application of recycled concrete in making parking lots, and driveways, along with rising adoption of recycled concrete backed by environmental concerns.
The global concrete aggregates market is estimated to grow on the back of lower expense of concrete aggregates, and its increasing application in construction industry. Increasing construction activities on a global scale, backed by the growing global population are also estimated to boost the market growth. In 2020, over 7.5 million people were employed in the construction industry. Moreover,rising use of concrete aggregates in repairing and renovating old buildings is also estimated to boost the market growth.
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Regionally, the global concrete aggregates market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the North America is projected to gain noteworthy market share over the forecast period, on the back of growing construction activities in the region. Construction sector holds a major share in the economy of the United States and Canada, which is also estimated to boost the market growth.
The research was global in nature and conducted in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa). In addition, areas like Market size, Y-O-Y growth & Opportunity Analysis, market players competitive study, investment opportunities, demand for future outlook etc. have been covered and displayed in the research report to ensure it dives deep to achieve strategic competitive intelligence in the segment.
Expanding Use of Concrete Aggregates in Construction To boost the Market Growth
Concrete aggregates include gravel, sand, and other granular materials, which are used with concrete in the construction industry, especially as fillers, as they are inexpensive and cost-friendly. This is estimated to boost the growth of the market. However, lack of acceptance for concrete aggregates is expected to operate as key restraint to the growth of the global concrete aggregates market over the forecast period.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
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This report also provides the existing competitive scenario of some of the key players of the global concrete aggregates market which includes company profiling of Anhui Conch Cement Co., Ltd., 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. and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global concrete aggregates market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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