Recycled Construction Aggregates Market to Surpass 6.2 Million Tons by End of 2027, Says CMI
This factor is expected to favor the growth of the global recycled construction aggregates market during the forecast period.
The global recycled construction aggregates market was pegged at around 3.9 Million Tons, in terms of revenue in 2019 and is expected to exhibit a CAGR of 6.0% during the forecast period (2020-2027).
Key Trends and Analysis:
The global recycled construction aggregates market has witnessed rapid growth in terms of revenue in the past few years owing to the rising number of large-scale infrastructural activities in emerging economies across the globe. This factor is expected to favor the growth of the global recycled construction aggregates market during the forecast period.
Key Market Takeaways:
The global recycled construction aggregates market is expected to exhibit a CAGR of 6.0% during the forecast period (2020-2027). Recycled construction aggregates has witnessed a surge in growth of demand in the recent past owing to the rising preferences for environment friendly and recycled product-based construction materials & components in construction industry. In addition to this, the increasing number of road construction activities in emerging nations has contributed substantially to the depletion of natural resource, which in turn has led to adoption of recycled construction aggregates across the globe. For instance, according to the India Brand Equity Foundation (IBEF), in India the total length of highway constructed during 2018 was estimated around 9,800 km with an estimation of approximate 27 km per day. Furthermore, the government of India planned for national highway construction of 10,000 km in 2019.
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Major players in the agriculture industry are focusing on research and development of innovative environment friendly agricultural products which is a key factor driving the growth of the global recycled construction aggregates market. For instance, in November 2019, the Center for Regenerative Design and Collaboration (CRDC), a company involved in providing efficient recycling of plastic waste for production of construction aggregates, launched a new environment friendly concrete product 'EcoConcreto' which is produced from recycled plastic. Such product innovations are expected to boost the growth of the global recycled construction aggregates market during the forecast period.
Companies engaged in the manufacture of recycled construction aggregates are adopting different strategies such as mergers and acquisitions in order to expand their product portfolio and their market presence globally. For instance, in December 2019, Arcosa’s, a U.S. based company which provides infrastructural products such has recycled aggregates, natural aggregates and specialty materials for energy, construction, and transportation industry, acquired Cherry Industries, Inc., one of the leading Texas-based producers of natural and recycled aggregates.
Leading companies involved in the production and distribution of Membrane chemicals are focusing on strategies such as expansions of production lines owing to the rapidly growing demand for Membrane chemicals in the past few years. For instance, on May 11th 2020, The Sunrock Group is a privately held integrated company which is involved in production of aggregates, hot mix asphalt, ready mixed concrete and supply of recycled aggregates, acquired 1,400 acres of high quality aggregate reserves which is located in Canada from Canada Building Materials/St. Mary’s Cement, Votorantim Cimentos’s North American based business unit.
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.
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Market Segmentation:
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Global Recycled Construction Aggregates Market, By Product Type:
- Crushed Stone
- Sand & Gravel
- Cement Concrete
- Other Aggregates
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Global Recycled Construction Aggregates Market, By Application:
- Соmmеrсіаl
- Rеѕіdеntіаl
- Іnduѕtrіаl
- Іnfrаѕtruсturе
-
Global Recycled Construction Aggregates Market, By Region:
-
North America
- U.S.
- Canada
-
Europe
- U.K.
- Italy
- France
- Germany
- Spain
- Russia
- Rest of Europe
-
Asia Pacific
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
-
Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
-
Middle East & Africa
- Middle East
- Africa
-
North America
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View source version on businesswire.com: https://www.businesswire.com/news/home/20200706005349/en/