Aggregates Market to Grow by USD 51.86 Billion from 2024-2028, Boosted by Rising Investments in Construction, AI-Driven Market Evolution - Technavio

NEW YORK, Feb. 3, 2025 /PRNewswire/ -- Report on how AI is driving market transformation - The global aggregates marketsize is estimated to grow by USD 51.86 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 5.2% during the forecast period. Rising investments in construction sectoris driving market growth,with a trend towardsincreasing preference for pea gravel over crushed stone. However,illegal mining activities poses a challenge. Key market players include 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., China Resources Cement Holdings Limited, Boral Ltd., Buzzi SpA, Fisher Sand and Gravel Co., Irving Materials Inc., Sika AG, UEM Group Berhad, Vicat, Adbri Ltd., and Carmeuse Coordination Center SA.A

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

The aggregates market is experiencing significant growth, particularly in emerging economies, driven by increasing transport infrastructure development. Cement, concrete manufacturing, and the production of railway ballast, road base & coverings, crushed stone, sand, gravel, concrete blocks, pipes, bricks, and high-rise building materials are in high demand. New infrastructure projects in sectors like railways, roadways, airports, and water filtration require large quantities of these materials. Natural sediments like granite and limestone are key raw materials, extracted through drilling and blasting. Composite materials are also gaining popularity due to their efficiency and high-quality. The application segments include roadway, railway, and various construction projects such as residential, commercial buildings, shopping malls, hospitals, and schools. Infrastructural development is a global trend, fueled by urbanization and industrialization. The United Nations predicts a growing global population, leading to increased demand for infrastructure and construction materials. Major aggregate producers face challenges like inflation, volatility in prices, and transportation costs. The Bipartisan Infrastructure Law aims to address these issues, promoting investment in transportation modes like trucks, trains, and ships. Digital transformation in the manufacturing process improves productivity, while the Coronavirus pandemic and its impact on supply chains add complexity. Natural sand and gravel resources are depleting, leading to a focus on sustainable solutions and alternative materials. Infrastructure problems persist, requiring ongoing investment and innovation.

The global aggregates market is experiencing a shift in preference towards pea gravel over crushed stone. Pea gravel, also known as pea stones, are small, round stones resembling peas. They offer several advantages for above-ground applications, such as landscaping and decorative projects. Pea gravel's various color options make it an excellent choice for complementing landscapes. Its smooth finish is suitable for playgrounds, patios, and walkways. Additionally, pea gravel is gaining popularity for underground projects, including pipe bedding, drainage, and fence post installation. Its versatility and desirable properties make it a preferred choice in numerous high-traffic areas.

Request Sampleof our comprehensive report now to stay ahead in the AI-driven market evolution!

- The aggregates market is experiencing significant growth due to increasing infrastructure development in emerging economies. However, challenges persist in the form of transport infrastructure limitations, particularly in cement and concrete manufacturing industries. Railways require large quantities of ballast, while roadways need base and coverings. GDP growth in cities, driven by urbanization and industrialization, fuels the demand for construction materials like crushed stone, sand, gravel, concrete blocks, pipes, bricks, and high-rise building components. New infrastructure projects in the application segments of railway and roadway require foundation materials, airport runways, highways, railroads, parking lots, and water filtration systems. Composite materials and natural sediments like granite and limestone are also in demand. However, infrastructure problems, falling rocks, drilling, and blasting pose challenges. Inflation, transportation cost, efficiency, and productivity are key concerns for major aggregate producers. The coronavirus pandemic and volatility in prices of oil & gas and shipping cost further impact the market. The Bipartisan Infrastructure Law aims to address some of these issues, but interest rates and transportation mode remain critical factors. Sand & gravel, trucks, trains, and ships are essential transportation methods.

- The global aggregates market, particularly the sector for sand, faces significant challenges due to illegal mining activities. This issue is particularly prevalent in countries like India, where natural resources are being excessively exploited. The unregulated production of aggregates has led to the emergence of a black market, contributing to the depletion of natural resources at an alarming rate. In India, illegal sand mining is a pressing concern, with an estimated large volume of aggregates being extracted annually in an unlawful manner. The global aggregates market is largely unorganized and localized, increasing the occurrence of such illegal activities.

Discover how AI is revolutionizing market trends-Get your access now!

This aggregates market report extensively covers market segmentation by

• Application
• Concrete
• Road Base And Coverings
• Others
• Product
• Crushed Stone
• Sand And Gravel
• Others
• Geography
• APAC
• Europe
• North America
• Middle East And Africa
• South America

1.1Concrete- The aggregates market encompasses various materials used in construction applications, including sand, gravel, granite, and crushed stones. Sand, derived from disintegrated rocks, enhances the strength and properties of concrete and asphalt. Coarse sand, river sand, manufactured sand, and m-sand are common types. M-sand is a cost-effective substitute for river sand, obtained by crushing hard granite stones. Coarse sand is used in ready-mix concrete production. River sand is utilized for concreting and plastering. Crushed stones are essential for railroads, airports, highways, buildings, factories, water and sewage systems, and roofing shingles. Their production involves excavation, crushing, screening, washing, and blending. Gravel aggregates, obtained from quarried rock sifting and natural stone crushing, are preferred for cost-effectiveness in concrete and foundation applications. These factors contribute to the growth of the concrete segment in the global aggregates market.

Download a Sampleof our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics

The aggregates market encompasses a wide range of minerals including crushed stone, sand, gravel, cement, concrete manufacturing raw materials, and more. These minerals play a crucial role in the development of transport infrastructure, particularly in emerging economies. They are essential components of concrete manufacturing, railway ballast, road base & coverings, and foundation materials for high-rise buildings and other structures. The application segments for aggregates are vast, including roadway and railway construction, new infrastructure projects, and the production of composite materials. Natural sediments such as sand, gravel, and crushed stone are sourced through drilling, blasting, and mining, while cement, concrete blocks, pipes, bricks, and other products are manufactured using these raw materials. Aggregates are also used in various industries such as airport runways, highways, railroads, parking lots, water filtration, purification, and soil erosion control. Falling rocks and natural sediments like granite and limestone are also used as aggregates. The market for aggregates is driven by the GDP growth of countries and the increasing demand for infrastructure development.

The aggregates market is a significant sector in the construction industry, supplying essential materials such as cement, concrete manufacturing components, and roadway and railway infrastructure elements. Emerging economies' growing infrastructure needs, driven by urbanization and industrialization, fuel the market's expansion. Aggregates include crushed stone, sand, gravel, concrete blocks, pipes, bricks, and more. Applications span roadways, railways, new infrastructure projects, and composite materials. Natural sediments like granite, limestone, and natural sand are primary sources, while production involves drilling, blasting, and foundation materials. Infrastructure problems and the United Nations' sustainable development goals drive investment in airports, highways, railroads, parking lots, water filtration, and purification. Volatility in prices, influenced by inflation, oil & gas, shipping cost, and interest rates, impact the market. The Bipartisan Infrastructure Law and digital transformation boost efficiency and productivity, while the coronavirus pandemic presents challenges. Major aggregate producers adapt to transportation cost, efficiency, and manufacturing process improvements to deliver high-quality products.

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

• Application
• Concrete
• Road Base And Coverings
• Others
• Product
• Crushed Stone
• Sand And Gravel
• Others
• Geography
• APAC
• Europe
• North America
• Middle East And Africa
• South America

7Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email:[emailprotected]
Website:www.technavio.com/

SOURCE Technavio