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
Listed despite problems with its design.
Zen and the art of cycling exploration.
Design Council Homes Taskforce launched
To support government 1.5 million homes target within UK climate commitments.
The story of this knowledge quarter building.
In ecology, in hydrology, in biology and in architecture.
Creating environments that promote physical, mental, and social well-being.
UK cases of neutral current diversion
Research project looks for example contributions.
Overstocking and macro-economics cause a decline.
The 2024 update of the Common Assessment Standard
Demonstrating organisational capability’ to fulfil roles under the Building Safety Act.
56 recommendations for a better built environment
Published by the CIC ahead of the King’s Speech.
SkillELECTRIC Top 8 Competitors Named
in annual search for the UK’s best student electrician.
CIOB Diversity and Inclusion technical information sheet
Step-by-step guide on implementing D and I practices.
Conservation and the Indian City. Book review.
Reversibility in conservation ethics
Learning from painting conservation.
Where It's AT Podcast launched!
New CIAT Architectural Technology Podcast goes live.