The global recycled construction aggregates market was valued at 42.8 billion tons in 2022.
According to the Global Recycled Construction Aggregates Market Report, by Product Type (Crushed Stone, Sand & Gravel, Cement Concrete, and Other Aggregates), by Application (Соmmеrсіаl, Rеѕіdеntіаl, Іnduѕtrіаl, and Іnfrаѕtruсturе), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East and Africa), published by Coherent Market Insights.
The global recycled construction aggregates market is expected to surpass 88.4 Bn by 2030, exhibiting a CAGR of 9.5% during the forecast period (2023-2030). The growing construction industry is expected to boost the growth of the global recycled construction aggregates market. Furthermore, the declining rate of natural resources is also expected to drive the market growth.
However, construction activities are majorly affected due to extreme climatic conditions during the rainy season or winters.
To know the latest trends and insights prevalent in this market, click on the link below:
https://www.coherentmarketinsights.com/market-insight/recycled-construction-aggregates-market-3968
Browse 40 market data tables* and 20 figures* on "Recycled Construction Aggregates Market” - Global forecast to 2027.
Key Trends and Analysis of the Global Recycled Construction Aggregates Market:
- North America accounted for a significant market share in 2022. The growing construction industry is increasing the demand for recycled construction aggregates in this region. For instance, as per Associated General Contractors of America, Inc., for 2022, construction is a major contributor to the economy of the U.S.
- The global recycled construction aggregates market is expected to witness steady growth in the near future owing to the adoption of lockdown and social distancing measures due to the COVID-19 pandemic. However, post-pandemic, in 2021, the applications of recycled construction aggregates in construction industries over conventional raw materials increased substantially. Recycled construction aggregates reduce the spending on raw materials, which, in turn, facilitated the demand for recycled construction aggregates during the post-pandemic period.
Key Takeaways of the Market:
- Among application, the residential segment accounted for a significant market share in 2022. According to data released by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, in June 2023 the number of newly completed residential buildings in the U.S. was around 1,446 thousands in May 2022, which increased to 1,518 thousands in May 2023. Furthermore, as per the U.S. Department of Housing and Urban Development, in July 2023, the total number of new residential housing completions was 1,518,000, and 1,491,000 building permits were sanctioned. Such increasing construction activities are expected to boost the demand for recycled construction aggregates during the forecast period.
- The major players operating in the global recycled construction aggregates market are Tarmac, Delta Sand & Gravel Co., LafargeHolcim Ltd., Aggregate Industries Management, Inc., CEMEX, Vulcan Materials Company, CESPA, Green Stone Materials, CRH Plc., and Heidelberg Cement AG.
