Future Market Insights has released its latest report: ‘Construction Aggregates Market: Global Industry Analysis and Opportunity Assessment, 2016-2024.’
According to FMI, the global construction aggregates market is expected to grow from an estimated US$350.2 billion in 2016 to US$560.9 billion by 2024, at a CAGR of 6.1% during the forecast period.
New trends, such as manufactured sand and recycled aggregates, along with the rising investment in infrastructure globally, are driving the growth of the global construction aggregates market. On the other hand, high transportation costs, stringent zoning regulations, the seasonal factors and the rising energy costs restrain the growth of the global construction aggregates market.
In terms of volume, the highest CAGR will be seen in the residential sector during the forecast period, although the infrastructure sector is predicted to constitute the largest share of the total market size.
In 2015 China was the biggest consumer of construction aggregates and dominated the global market, followed by North and Central America. China will represent the fastest growing region in terms of value growing at a CAGR of 4.7%, but developing economies such as India and the Middle East are also expected to witness a considerable growth rate in the construction aggregates market over the forecast period. The market in North and Central America will cross a value of US$95 Bn by the end of 2024.
Key players in the global construction market included in the report are LafargeHolcim Ltd., Vulcan Materials Company, Martin Marietta Materials, Inc., LSR Group PJSC, CEMEX S.A.B. de C.V., HeidelbergCement AG, CRH plc, and EUROCEMENT Holding AG.
Read the article online at: https://www.worldcement.com/africa-middle-east/17012017/fmi-releases-construction-aggregates-market-report/