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Global Aggregates Market by Type (Sand, Crushed Stone, Gravel), by Application (Road Base & Coverings, Concrete) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: CM-74025
  • Author: Up Market Research
  • Rating: 4.7
  • Total Reviews: 74
  • No. Of Pages: 248
  • Format:
  • Pub. Date: 2021-10-21
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Summary of the Report

Global aggregates market value was USD 463.3 billion in 2019. It is expected to grow at 3.3% compound annual growth rate (CAGR), between 2020 and 2027. In the next few years, the aggregates market will be driven by the rapid growth of the construction sector, especially in emerging economies like Asia Pacific and Middle East & Africa. The key end-use industries for the product are commercial and residential construction, as well as transport infrastructure. It is used primarily in concrete, rail ballast, road base & covers, and concrete manufacturing. Due to lockdowns in major cities around the globe, the COVID-19 pandemic directly limited or halted all construction activities. This will likely to slow down market growth in 2020. However, a sharp recovery is expected by 2021.

According to the preliminary figures for Q1 2020, China's construction activity declined by almost 3.1%. Slow growth in the construction and building sector, combined with restrictions on the movement of goods, will likely lower product demand in FY 2020. However, China's consumption patterns are expected to improve in the second half 2020.

The macroeconomic environment is expected to drive the growth as the country's construction industry has shown positive growth since May. According to the International Monetary Fund (IMF), the country's GDP will recover by the second quarter of FY 2020. This is because the country has been freed from the restrictions imposed and new policies are being implemented. This will likely benefit China's market in the short-term.

Type Insights

Crushed stone dominated the market, accounting for a revenue share in 2019 of 58.1%. Because of its easy availability, the segment will grow at a faster CAGR between 2020 and 2027. In the U.S., every state except Delaware produces crushed stone. It is used mainly in the construction of cement and road construction. Concrete is made with sand, coarse aggregates and cement.

Rapid urbanization in emerging countries like India, Indonesia and China has led to a growing housing sector. This will be a major driver of the segment's future growth. Gravel is used extensively in the manufacture of concrete blocks, pipes and bricks as well as road construction materials. This product is in high demand due to the increase in high-rise buildings that use concrete in large quantities. Over the past decade, high-rise buildings has seen significant growth.

Application Insights

Concrete was the most popular application segment in 2019, accounting for 68.3% of revenue. This segment will likely maintain its dominance over the next few years, due to the rapid growth of the housing sector and the increasing number of infrastructure projects across different regions. The U.S. and China will likely contribute the largest number of new infrastructure projects after the COVID-19 pandemic. This should support the segment's growth.

In 2019, the road base and coverings segment accounted for the second highest revenue share. Estimates suggest that 1 km of roadway construction will require nearly 25,000 tons crushed stones. Due to large investments from India, the roadway construction industry is expected to continue to grow in emerging countries. The Indian government proposed numerous projects to develop the nation's roadway infrastructure in 2019.

Regional Insights

Asia Pacific dominated the market, accounting for 66% of the total revenue in 2019. It will continue to grow at the fastest CAGR between 2020 and 2027. The region's well-established construction industry is responsible for this growth. According to statistics released by IMF, Asia Pacific is most likely to be the least affected area due to the COVID-19 epidemic. The region's rapid industrialization and urbanization, as well as the revival of foreign investment funding and rising disposable income levels, will likely boost construction spending and drive the demand for aggregates in the future.

The pandemic has ravaged Europe. The region's market will experience a sharp drop in 2020, and then a slowdown until 2027. Due to political uncertainty and the economic slowdown, Europe has seen slower growth in construction over the last few years.

North America was forced to suspend all manufacturing and related activities due to the pandemic. Construction was one of these activities. The activities slowly resumed operations in the second half 2020. In July 2020 plans were revealed for the construction of a 322-unit housing development in New York, U.S. This project is part the state's USD 1.4 million initiative. It is being constructed as a joint venture by Monadnock Development, CB Emmanuel Realty.

Due to large investments in the development of road infrastructure, Central & South America will see a steady increase rate over the forecast period. The government of Argentina plans major road construction across the country by 2022. 16 major road projects have been identified by the government, with an estimated total length of almost 7,000 km.

Market Share Insights & Key Companies

Global markets are highly competitive. Most companies have extensive distribution channels across different regions and are integrated throughout the value chain. To gain more market share, companies compete on a variety of factors. They are also focused on the development of new products and technologies and refining existing products in order to maintain the market share. The following are some of the most prominent players in aggregates market:

  • LafargeHolcim

  • Martin Marietta

  • LSR Group

  • HeidelbergCement AG

  • CEMEX S.A.B. de C.V

  • Vulcan Materials Company

  • CRH plc

  • Adelaide Brighton Ltd

  • Eurocement Group

  • Rogers Group Inc.

Up Market Research published a new report titled “Aggregates Market research report which is segmented by Type (Sand, Crushed Stone, Gravel), by Application (Road Base & Coverings, Concrete), By Players/Companies Adelaide Brighton Ltd, CEMEX SAB de CV, Martin Marietta, LSR Group, LafargeHolcim, Rogers Group Inc, CRH plc, Vulcan Materials Company, HeidelbergCement AG, Eurocement Group”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.


Report Scope

Report AttributesReport Details
Report TitleAggregates Market Research Report
By TypeSand, Crushed Stone, Gravel
By ApplicationRoad Base & Coverings, Concrete
By CompaniesAdelaide Brighton Ltd, CEMEX SAB de CV, Martin Marietta, LSR Group, LafargeHolcim, Rogers Group Inc, CRH plc, Vulcan Materials Company, HeidelbergCement AG, Eurocement Group
Regions CoveredNorth America, Europe, APAC, Latin America, MEA
Base Year2020
Historical Year2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year2028
Number of Pages248
Number of Tables & Figures174
Customization AvailableYes, the report can be customized as per your need.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.


Global Aggregates Industry Outlook

Global Aggregates Market Report Segments:

The market is segmented by Type (Sand, Crushed Stone, Gravel), by Application (Road Base & Coverings, Concrete).

Aggregates Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.


Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Aggregates Market

Overview of the regional outlook of the Aggregates Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.


Aggregates Market Overview

Highlights of The Aggregates Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Aggregates Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
        6. By Type:

                1. Sand

                2. Crushed Stone

                3. Gravel

        7. By Application:

                1. Road Base & Coverings

                2. Concrete

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Aggregates Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.


How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Aggregates Market Trends

Reasons to Purchase the Aggregates Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Aggregates Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Aggregates Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Aggregates Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Aggregates Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Aggregates Market Size & Forecast, 2018-2028 
      4.5.1 Aggregates Market Size and Y-o-Y Growth 
      4.5.2 Aggregates Market Absolute $ Opportunity 


Chapter 5 Global Aggregates Market Analysis and Forecast by Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Type
      5.1.2 Basis Point Share (BPS) Analysis by Type
      5.1.3 Absolute $ Opportunity Assessment by Type
   5.2 Aggregates Market Size Forecast by Type
      5.2.1 Sand
      5.2.2 Crushed Stone
      5.2.3 Gravel
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global Aggregates Market Analysis and Forecast by Application
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Application
      6.1.2 Basis Point Share (BPS) Analysis by Application
      6.1.3 Absolute $ Opportunity Assessment by Application
   6.2 Aggregates Market Size Forecast by Application
      6.2.1 Road Base & Coverings
      6.2.2 Concrete
   6.3 Market Attractiveness Analysis by Application

Chapter 7 Global Aggregates Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Aggregates Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America Aggregates Analysis and Forecast
   9.1 Introduction
   9.2 North America Aggregates Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Aggregates Market Size Forecast by Type
      9.6.1 Sand
      9.6.2 Crushed Stone
      9.6.3 Gravel
   9.7 Basis Point Share (BPS) Analysis by Type 
   9.8 Absolute $ Opportunity Assessment by Type 
   9.9 Market Attractiveness Analysis by Type
   9.10 North America Aggregates Market Size Forecast by Application
      9.10.1 Road Base & Coverings
      9.10.2 Concrete
   9.11 Basis Point Share (BPS) Analysis by Application 
   9.12 Absolute $ Opportunity Assessment by Application 
   9.13 Market Attractiveness Analysis by Application

Chapter 10 Europe Aggregates Analysis and Forecast
   10.1 Introduction
   10.2 Europe Aggregates Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Aggregates Market Size Forecast by Type
      10.6.1 Sand
      10.6.2 Crushed Stone
      10.6.3 Gravel
   10.7 Basis Point Share (BPS) Analysis by Type 
   10.8 Absolute $ Opportunity Assessment by Type 
   10.9 Market Attractiveness Analysis by Type
   10.10 Europe Aggregates Market Size Forecast by Application
      10.10.1 Road Base & Coverings
      10.10.2 Concrete
   10.11 Basis Point Share (BPS) Analysis by Application 
   10.12 Absolute $ Opportunity Assessment by Application 
   10.13 Market Attractiveness Analysis by Application

Chapter 11 Asia Pacific Aggregates Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Aggregates Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Aggregates Market Size Forecast by Type
      11.6.1 Sand
      11.6.2 Crushed Stone
      11.6.3 Gravel
   11.7 Basis Point Share (BPS) Analysis by Type 
   11.8 Absolute $ Opportunity Assessment by Type 
   11.9 Market Attractiveness Analysis by Type
   11.10 Asia Pacific Aggregates Market Size Forecast by Application
      11.10.1 Road Base & Coverings
      11.10.2 Concrete
   11.11 Basis Point Share (BPS) Analysis by Application 
   11.12 Absolute $ Opportunity Assessment by Application 
   11.13 Market Attractiveness Analysis by Application

Chapter 12 Latin America Aggregates Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Aggregates Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Aggregates Market Size Forecast by Type
      12.6.1 Sand
      12.6.2 Crushed Stone
      12.6.3 Gravel
   12.7 Basis Point Share (BPS) Analysis by Type 
   12.8 Absolute $ Opportunity Assessment by Type 
   12.9 Market Attractiveness Analysis by Type
   12.10 Latin America Aggregates Market Size Forecast by Application
      12.10.1 Road Base & Coverings
      12.10.2 Concrete
   12.11 Basis Point Share (BPS) Analysis by Application 
   12.12 Absolute $ Opportunity Assessment by Application 
   12.13 Market Attractiveness Analysis by Application

Chapter 13 Middle East & Africa (MEA) Aggregates Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Aggregates Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Aggregates Market Size Forecast by Type
      13.6.1 Sand
      13.6.2 Crushed Stone
      13.6.3 Gravel
   13.7 Basis Point Share (BPS) Analysis by Type 
   13.8 Absolute $ Opportunity Assessment by Type 
   13.9 Market Attractiveness Analysis by Type
   13.10 Middle East & Africa (MEA) Aggregates Market Size Forecast by Application
      13.10.1 Road Base & Coverings
      13.10.2 Concrete
   13.11 Basis Point Share (BPS) Analysis by Application 
   13.12 Absolute $ Opportunity Assessment by Application 
   13.13 Market Attractiveness Analysis by Application

Chapter 14 Competition Landscape 
   14.1 Aggregates Market: Competitive Dashboard
   14.2 Global Aggregates Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Adelaide Brighton Ltd
      14.3.2 CEMEX SAB de CV
      14.3.3 Martin Marietta
      14.3.4 LSR Group
      14.3.5 LafargeHolcim
      14.3.6 Rogers Group Inc
      14.3.7 CRH plc
      14.3.8 Vulcan Materials Company
      14.3.9 HeidelbergCement AG
      14.3.10 Eurocement Group
Segments Covered in the Report
The global Aggregates market has been segmented based on

By Type
  • Sand
  • Crushed Stone
  • Gravel
By Application
  • Road Base & Coverings
  • Concrete
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Adelaide Brighton Ltd
  • CEMEX SAB de CV
  • Martin Marietta
  • LSR Group
  • LafargeHolcim
  • Rogers Group Inc
  • CRH plc
  • Vulcan Materials Company
  • HeidelbergCement AG
  • Eurocement Group

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