Market Scenario of Global Construction Aggregate Market
The Global Construction Aggregate Market is growing with the rapid pace; mainly due to the growing construction sector. Market is booming and expected to gain prominence over the forecast period growing rapidly .The global Construction Aggregate Market is forecasted to demonstrate a spectacular growth by 2021, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2016 – 2021). Crushed stone, recycled concrete, fly ash, and slag will grow at twice the pace of sand and gravel. Hydraulic concrete will remain the largest application. The market is expected to reach astronomical amounts at the end of the forecasted period and is expected to grow at a staggering CAGR during 2016 to 2021.
Since it is the most fundamental component of construction, aggregate is employed wherever any type of building or public works construction activity occurs. As a result, the aggregate industry is one of the most dispersed raw material producing industries. The exclusion of the interest rate factor would only yield a general trend.
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Growth Drivers of Construction Aggregate Market
The global construction aggregate market is driven by the growth in construction and infrastructure industry along with increased investment. The Construction Aggregate market is applications driven and is highly dependent on the residential, commercial and infrastructure development. With the rising industrialization, the need for construction material has widened the scope of construction aggregate market. Furthermore, the rising investments in building and construction industries in emerging countries have stimulated the demand for construction aggregate in a big way. Some of the advent trends that are providing impetus to the market growth are manufactured sand, and recycled aggregates. However, the factors such as the high transportation costs, stringent zoning regulations, the seasonal factors, and the rising energy costs may pose as restraints to the growth of the global construction aggregates market
The key players of Global Construction Aggregate Market report include- Aalborg Portland A/S, CEMEX S.A.B. de C.V., Heidelberg cement AG, Anglo American PLC, Boral Limited, Martin Marietta Materials Inc., LSR Group, Lafarge Holcim Ltd, Asamer Baustoffe AG, Vulcan Materials Company, CRH PLC and Eurocement Holding AG.
Regional Analysis of Global Construction Aggregate Market
APAC dominates the global construction aggregate market with its fast growing market worldwide. It will expand at a CAGR XX% over the forecast period. The region is expected to show rapid infrastructural growth. With lot of investments in the regions of China and India, the construction sector is growing. The inflow of foreign investment in India further augments the market for Construction Aggregate.
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Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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