Global Aggregates Market to Reach US$ 740.8 Billion by 2032, Impelled by Growing Number of Infrastructural Development Projects

May 03, 2022 | Chemical & Materials

According to the latest report by IMARC Group, titled "Aggregates Market Report by Type (Crushed Stone, Sand, Gravel, and Others), Application (Concrete, Road Base and Coverings, and Others), and Region 2024-2032," the global aggregates market reached a value of US$ 551.6 Billion in 2023. Aggregates refer to coarse to medium grained materials that are generally utilized in construction activities. They are obtained from natural deposits, such as including geosynthetic and recycled concrete, by using blasting and drilling of rock into smaller pieces. They are usually used to form mortar or concrete by mixing with bitumen, cement, gypsum and lime. They are widely utilized for providing stability, volume, and resistance to the finished product. Since aggregates possess the ability to hold back precipitates that contain impurities, they are extensively used for water purification, filtration and the prevention of soil erosion, thus significantly influencing the product demand across the globe.

Global Aggregates Market Trends:

The global market is primarily driven by significant growth in the construction industry. In line with this, the increasing investments by private and public in infrastructural development projects across emerging economies are providing a boost to the demand for aggregates. Coupled with the growing preference for renovation activities in existing buildings, this is further propelling the product uptake. Furthermore, the numerous initiatives undertaken by the governments of several countries for providing housing facilities in rural locations are creating a positive market outlook. Moreover, eco-friendly aggregates produced from recycled substances due to an enhanced focus on sustainable development are gaining widespread prominence among the end-users. Additionally, continual technological advancements, such as the integration of heavy-duty components with rock crushing machines that aid in maximizing efficiency and reliability, are considered to be major growth-inducing factors. Other factors, including escalating popularity of green construction and extensive research and development (R&D) activities conducted by key players, are also projected to contribute to the market. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 740.8 Billion by 2032, expanding at a CAGR of 3.2% during 2024-2032.

Market Summary:

  • On the basis of the type, the market has been segregated into crushed stone, sand, gravel and others.
  • Based on the application, the market has been segmented into concrete, road base and coverings, and others.
  • On the basis of the region, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others) and the Middle East and Africa.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.Some of these players include 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.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

30 N Gould St Ste R
Sheridan, WY 82801 USA - Wyoming
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global Aggregates Market to Reach US$ 740.8 Billion by 2032, Impelled by Growing Number of Infrastructural Development Projects
Purchase options

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-714-6104


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More