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
The act of preservation may sometimes be futile.
Twas the site before Christmas...
A rhyme for the industry and a thankyou to our supporters.
Plumbing and heating systems in schools
New apprentice pay rates coming into effect in the new year
Addressing the impact of recent national minimum wage changes.
EBSSA support for the new industry competence structure
The Engineering and Building Services Skills Authority, in working group 2.
Notes from BSRIA Sustainable Futures briefing
From carbon down to the all important customer: Redefining Retrofit for Net Zero Living.
Principal Designer: A New Opportunity for Architects
ACA launches a Principal Designer Register for architects.
A new government plan for housing and nature recovery
Exploring a new housing and infrastructure nature recovery framework.
Leveraging technology to enhance prospects for students
A case study on the significance of the Autodesk Revit certification.
Fundamental Review of Building Regulations Guidance
Announced during commons debate on the Grenfell Inquiry Phase 2 report.
CIAT responds to the updated National Planning Policy Framework
With key changes in the revised NPPF outlined.
Councils and communities highlighted for delivery of common-sense housing in planning overhaul
As government follows up with mandatory housing targets.