IMARC Group, a leading market research company, has recently releases report titled “Aggregates Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global aggregates market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the Aggregates Market?
The global aggregates market size reached US$ 530.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 667.9 Billion by 2028, exhibiting a growth rate (CAGR) of 3.7% during 2023-2028.
What are Aggregates?
Aggregates are granular materials, such as sand, gravel, crushed stone, and recycled concrete, that are commonly used in construction projects. They are typically sourced from natural deposits, such as riverbeds and quarries, and are used to provide bulk, strength, and durability to concrete, asphalt, and other building materials. Aggregates are also used as a base material for roads, railways, and other infrastructure projects. They come in various sizes and shapes, with different properties that make them suitable for specific applications. Aggregates play a vital role in the construction industry and are essential for the development of modern infrastructure.
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What are the Growth Prospects and Trends in the Aggregates Market?
The steadily expanding construction industry, particularly in emerging economies, represents one of the key factors driving the market growth across the globe. In line with this, the development of infrastructure projects, such as roads, bridges, and airports, is contributing to the growth of the market. This is primarily attributed to the rising use of aggregates as a base material for these projects. In addition to this, the increasing use of recycled aggregates, which are produced from recycled concrete, asphalt, and other construction waste, is driving the demand for aggregates as a sustainable building material. Apart from this, technological advancements in the production of aggregates, such as improved crushing and screening techniques, are creating a positive outlook for the market.
Who are the Key Players Operating in the Aggregates Industry?
The competitive landscape of the industry has also been examined along with the profiles of the key players.
What is Included in Market Segmentation?
The report has categorized the market based on type and application.
Breakup by Type:
Based on Application:
Regional Insights:
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