Persistence Market Research has published its latest report : "Global Market Study on Construction Aggregates: Supported by Infrastructure Investments to Reflect Over 5% CAGR by 2021.”
According to the report the global construction aggregates market was estimated to have reached a value of US$329.3 by the end of 2015 and this is expected to expand at a CAGR of 6% between 2015 and 2021. In terms of volume it is expected to register a CAGR of 4.6% over the forecast period.
During the forecast period, infrastructure segment is estimated to have made up 40.6% of the total construction aggregates market in 2015 and is expected to expand at a CAGR of 5.4% during the period.
The report predicts that China will dominate the construction aggregates market throughout the forecast period, expanding at a CAGR of 5.9% in terms of volume.
Growth in the market is being driven by new trends in construction aggregates such as manufactured sand and recycled aggregates, along with rising investment in infrastructure across the globe. Other major drivers in the market are the growth of the construction industry and an increase in construction spending, particularly in developing economies such as India and the Middle East.
The report outlines global upcoming construction projects and major events that will impact the construction aggregates market, along with a list of the top importers and exporters of construction aggregates globally. Construction value added as a percent of GDP for key economies has also been included in the report.
Read the article online at: https://www.worldcement.com/africa-middle-east/09012017/persistence-market-research-publishes-latest-report/
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