New York, NY -- (SBWIRE) -- 01/22/2021 -- Increasing technological innovation for aggregate production to improve manufacturing process efficiency and productivity with high product quality will drive the Aggregates market.

Market Size – USD 458.97 Billion in 2019, Market Growth - CAGR of 5.8%, Market Trends – High demand from developing nations.

The global Aggregates market is forecast to reach USD 723.28 Billion by 2027, according to a new report by Reports and Data. The market is seeing an expanded interest from the concrete industry for commercial purposes due to its usage in concrete and cement manufacturing, railway ballast, and road base and coverings. Infrastructure aging and the growing construction industry are projected to fuel the growth of the demand for building aggregates over the forecast period. Investment in technology is likely to be a primary priority in the coming years. Developed and emerging countries also depend on expanding the infrastructure market.

Construction aggregate is a broad category of medium-grained particulate used in construction applications. It is extensively used for cement and concrete manufacturing, road base & coverings, railway ballast, and others. According to a recent report by Reports and Data, the Global Aggregates Market size is estimated to reach USD 723.28 Billion from USD 458.97 Billion at a CAGR of 5.8% through 2027.

Some of the players profiled in the report are Martin Marietta Materials Inc., HeidelbergCement AG, LafargeHolcim, Eurocement Group, CEMEX S.A.B. de C.V., CRH plc, Vulcan Materials Company, L.S.R. Group, Adelaide Brighton Ltd., and Hanlon Concrete 

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Market Drivers

The market growth is driven by rise in technological innovation for aggregate production to optimize manufacturing process and productivity and enhance product quality. Increasing requirement for the refurbishment of ageing infrastructure and growing construction industry, especially in the emerging economies is predicted to fuel the demand for building aggregates in the upcoming years. According to India's 2019 economic survey, it spends nearly USD 200 billion annually, which is 7%-8% of the country's GDP. The Middle East is also spending heavily on infrastructure development projects. Increasing investments in leading regions is also contributing to market growth.

Population expansion in emerging economies and healthy economic development and particularly in the Middle East and APAC is expected to offer lucrative growth opportunities for the aggregates industry.

Further key findings from the report suggest

- Based on product type, sand generated a revenue of USD 58 billion in 2019 and is expected to grow with a CAGR of 6.0% in the forecast period, owing to its wide variety of applications in concrete production along with cement, coarse aggregates, and water.
- The concrete industry expected to grow with a CAGR of 5.6% in the forecasted period due to numerous regulatory reforms, including the introduction of real estate regulatory bills and the inclusion in the real estate sector of 100.0% foreign direct investment.
- The commercial sector is the major contributor to the Aggregates market. The commercial sector of the Asia Pacific region is the major shareholder of the market and held around 32.3% of the market in the year 2019 owing to various government measures, such as a lowered number of regulations and taxes.
- The Asia Pacific region dominated the market for Aggregates in 2019. Driving the market is the region's strong emphasis on cost-effective and advanced procedures implemented in the industry. The Asia Pacific region held approximately 65.0% of the market, followed by North America, which held around 17.0% market in the year 2019.

Product Type Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
- Crushed Stone
- Sand
- Gravel
- Others

End-User Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
- Concrete
- Road Base & Coverings
- Others

Application Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
- Residential
- Commercial
- Industrial
- Infrastructure

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Regional Outlook

In the regional landscape, APAC region held nearly 65.0% of the global aggregates market share, followed by North America, which stood at 17.0% in 2019. APAC is estimated to register a CAGR of 6.2% through 2027 due to the growing usage of concrete for construction applications. Europe is forecast to contribute significantly to the aggregates market revenue share, delivering a CAGR of 5.5% through 2027.

Market Segmentation by Regions:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Point Summary of the Report:

The global Aggregates market research report is an investigative study offering key insights into the latest growth trends, developments, technological and product advancements, and the research and development scenario. The report also covers the market aspects that directly influence the growth of the market. These features include strategies undertaken by the prominent players, their expansion tactics, and the product portfolios of the companies, and micro and macro-economic factors.

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The study also analyses the crucial market aspects, including R&D, product launches and brand promotions, mergers and acquisitions, collaborations, joint ventures, and the growth pattern on both regional and global levels. The report offers an in-depth evaluation of factors such as cost, capacity, rates of production and consumption, gross revenue, profit margin, demand and supply ratio, import/export, market share, market size, and market trends.

The Global Aggregates Market includes relevant and verified information relating to the overall market, key players, and their market position and financial standing. The report utilizes advanced analytical tools such as SWOT analysis, Porter's Five Forces Analysis, investment return analysis, and feasibility analysis to offer a comprehensive view of the market position of the major players of the industry.

Key Coverage of the Aggregates Market:

- Insightful information regarding the global Aggregates market
- Identification of growth in various segments and sub-segments of the Aggregates market
- Strategic recommendations for investment opportunities
- The report covers significant statistics related to the industry along with products, applications, price analysis, demand & supply, and production and consumptions rate
- Emerging trends and current market segment analysis to help investors formulate new business strategies
- Accelerates the decision-making process through the availability of the drivers and limitations

To summarize everything stated above, the report offers key insights into the Aggregates market to allow the reader to gain a complete understanding of the Global Aggregates Market through accurate estimations, a panoramic view of the market scenario, competitive landscape, factors influencing the growth of the market, driving factors, restraints, regulatory framework, growth prospects and opportunities, and factors propelling the market forward. The research study offers an in-depth view of the industry to offer a competitive edge to the reader and help them in formulating beneficial investment plans. The report provides a comprehensive overview of the market with facts relating to the past, present, and future of the Global Aggregates Market.

Global Aggregates Market: Table of Contents

Chapter 1. Market Synopsis

    1.1. Market Definition

    1.2. Research Scope & Premise

    1.3. Methodology

    1.4. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2018-2026

Chapter 3. Indicative Metrics

Chapter 4. Aggregates Market Segmentation & Impact Analysis

Continued……….

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