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The global aggregates market grew at a CAGR of around 6% during 2015-2020. Looking forward, IMARC Group expects the market to exhibit moderate growth during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Aggregate refers to a building construction material with a coarse and grainy texture. Some of the commonly used aggregates include sand, crushed stone, gravel, broken blast-furnace slag, boiler ash, burned shale and clay. These aggregates are mixed with cement, bitumen, lime and gypsum to be used for construction applications. They provide enhanced abrasive power, porosity, volume, stability, resistance to wear and erosion to the building. In comparison to other construction materials, aggregates are more durable, chemical-resistant and can withstand high temperatures. As a result, they find extensive applications in the construction of industrial, commercial and residential complexes.
Significant growth in the construction industry across the globe represents one of the key factors creating a positive outlook for the market growth. Furthermore, the increasing construction of high-rise buildings, especially in the developing economies, is also driving the market growth. Aggregates are also widely used for renovating, reinforcing and reshaping existing buildings. In line with this, the increasing construction of roads, highways, rail links and water and sewage facilities is also favoring the growth of the market. Additionally, various technological advancements in the aggregate manufacturing technologies are acting as other major growth-inducing factors. Product manufacturers are also developing sustainable and environment-friendly variants with recycled aggregates for minimal impact, which is also contributing to the market growth. Other factors, including extensive infrastructural developments, along with the implementation of favorable government policies, are anticipated to drive the market further.
IMARC Group provides an analysis of the key trends in each sub-segment of the global aggregates market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, type and application.
Breakup by Type:
Breakup by Application:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being ADBRI Limited, Cement Industries of Malaysia Berhad (United Engineers Malaysia Berhad), Cemex S.A.B. de C.V., China Resources Cement Holdings Limited, CRH Plc, Eurocement Group, HeidelbergCement AG, LafargeHolcim Ltd, LSR Group, Martin Marietta Inc., Rogers Group Inc. and Vulcan Materials Company.
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