According to a report by Persistence Market Research, the global construction aggregates market is expected to grow at 6% CAGR (compound annual growth rate) from 2015-2021 to value US$468.2 billion (€417.47 billion) by 2021.
The market will see a CAGR of 4.6% in terms of volume during the same period.
The global construction aggregates market is driven by rising investment in infrastructure globally, new trends such as recycled aggregates and manufactured sand.
Rising energy costs, seasonal factors, stringent zoning regulations and high transportation costs are some of the constraints.
Infrastructure segment is estimated to grow at 5.4% CAGR.
By product type, sand is estimated to register a CAGR of 5.8% and was expected to represent 44.1% share of the total market in 2015 in terms of volume.
Geographically, China is projected to lead the construction aggregates market, growing at 5.9% CAGR.
Key players include
