A new report on global aggregates market valued the market at $106.4 billion in 2013 – with Asia-Pacific the largest regional market.
Asia-Pacific accounted for 44.9% of the global market last year, according to the new report from Market Research Reports (MRR) titled ‘The Global Construction Aggregates Market – Key Trends and Opportunities to 2018’.
Europe and North America are the second largest sectors, says MRR, with respective shares of 26.3% and 20.3%.
The report describes how developing Asia-Pacific economies such as China, India, Indonesia, the Philippines and Malaysia are expected to support the market’s expansion due to demand for infrastructure, residential, commercial and industrial construction in these locations.
The market shares in Europe, North America and Latin America are expected to reach 25.5%, 18.3% and 5.3% respectively in 2018, down from 2013, while Asia-Pacific’s and the Middle East’s shares are forecast by MMR to increase to 48.0% and 3.0% respectively.
