Aggregates Market Projected to Discern Stable Expansion on Outlook, Size, Share, Future Growth and Forecast

Shibuya-ku, Tokyo, Japan, Japan, Feb 14, 2022, 03:49 /Comserve / -- Aggregates Market With Top Countries Data, Industry Analysis , Size, Share, Revenue, Prominent Players, Developing Technologies, Tendencies and Forecast

The global aggregates market is projected to register a CAGR of more than 6% during the forecast period (2021-2026).

Due to COVID-19, the construction industry is negatively impacted. Due to the lockdown and restrictions by the government, most of the projects were halted, since most of the construction could not get the raw-materials in time. Also, at the end of 2020, a new COVID-19 strain was detected in Europe and spread across 22 European nations in January 2021, and few countries have imposed lockdown. Some of the countries that were set under lockdown in 2021 include the United Kingdom, Germany, Italy, Greece, Poland, and Spain. Owing to this new virus pandemic, manufacturing, and industrial activities are likely to be affected in the first half of 2021. The loss of investment plans and various factors, including supply chain disruption, shortage of subcontractors and materials, and the termination of contracts to control expenses, are affecting the market's growth across the world. Owing to these factors the aggregates market is effected on a short term basis. However, the market is recovering especially in Asia-pacific after the relaxation of lockdown in many countries, which can be an encouraging sign.

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- Over the long term, the major factor driving the market studied is the increasing demand for the residential & commercial construction activities accross the globe.
- The development of smart aggregates is likely to act as an opportunity for the market to grow.
- The Asia-Pacific region dominates the global market, with the largest consumption being registered in China, India, and Japan.

Key Market Trends

Growing Demand from Construction Applications

- Aggregate is a broad category of coarse to medium grained particulate material used in construction activities, which includes sand, gravel, crushed stone, slag, recycled concrete, and geosynthetic aggregates. Aggregates are the most mined materials in the world.
- These aggregate materials are mixed with cement, bitumen, lime, gypsum, or other adhesives to form concrete or mortar that forms a major part of building blocks.
- China is in the midst of a construction mega-boom. The country has the largest buildings market in the world, making up 20% of all construction investment globally. The country alone is expected to spend nearly USD 13 trillion on buildings by 2030. ​
- Additionally, in India, massive urbanization is expected to happen in next decade which is expected to push the construction sector in turn pushing the demand for the aggregates. For instance, India is trying to build ore than 100 smart cities all over the country to achieve rapid urbanization in the country which is expected contribute greatly for the aggegates demand in the country during the forecast period.
- Hence, with the growing construction activities, the demand for aggregates is expected to rapidly increase over the forecast period.

Asia-Pacific Region to Dominate the Market

- The Asia-Pacific region is expected to dominate the market for aggregates during the forecast period. With growing construction activities in countries such as China, India, and Japan, the consumption of aggregates is increasing in the region
- The largest producers of aggregates are located in the Asia-Pacific region. Some of the leading companies in the production of aggregates are China Resources Cement Holdings Limited, EUROCEMENT group, Cement Industries of Malaysia Berhad (CIMA), LafargeHolcim.
- In March 2019, National Highway projects worth INR 1,10,154 crore were inaugurated in India increasing the scope for this market.
- According to DPIIT, Department for Promotion of Industry and Internal Trade, the foreign direct investments in construction in the period April 2000 to September 2020 in infrastructure was at USD 17.22 billion.
- The Chinese government has rolled out massive construction plans, including making provisions for the movement of 250 million people to its new megacities, over the next ten years creating a major scope for construction activity thereby increasing the market for aggregates over the coming years.
- The aforementioned factors coupled with government support are contributing to the increasing demand for aggregates market during the forecast period.

Competitive Landscape

The global aggregates market is partially fragmented in nature, with the players occupying marginal shares in the industry. Some of the major companies are China Resources Cement Holdings Limited, EUROCEMENT Group, Vulcan Materials Company, LSR Group, and LafargeHolcim.

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1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Growing Demand in the Construction of Buildings
4.1.2 Other Drivers
4.2 Restraints
4.2.1 Unfavourable Conditions Arising Due to the Impact of COVID-19
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Degree of Competition

5 MARKET SEGMENTATION
5.1 Aggregate Type
5.1.1 Sand
5.1.2 Gravel
5.1.3 Slag
5.1.4 Crushed Stone
5.1.5 Other Aggregate Types
5.2 Application
5.2.1 Construction
5.2.1.1 Buildings
5.2.1.2 Railways
5.2.1.3 Roadways
5.2.1.4 Others
5.2.2 Insulation
5.2.3 Other Applications
5.3 Geography
5.3.1 Asia-Pacific
5.3.1.1 China
5.3.1.2 India
5.3.1.3 Japan
5.3.1.4 South Korea
5.3.1.5 Rest of Asia-Pacific
5.3.2 North America
5.3.2.1 United States
5.3.2.2 Canada
5.3.2.3 Mexico
5.3.3 Europe
5.3.3.1 Germany
5.3.3.2 United Kingdom
5.3.3.3 France
5.3.3.4 Italy
5.3.3.5 Rest of Europe
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle-East and Africa
5.3.5.1 Saudi Arabia
5.3.5.2 South Africa
5.3.5.3 Rest of Middle-East and Africa

6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share**/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 CEMEX S.A.B. de C.V.
6.4.2 China Resources Cement Holdings Limited
6.4.3 EUROCEMENT Group
6.4.4 HEIDELBERGCEMENT AG
6.4.5 LafargeHolcim
6.4.6 LSR Group
6.4.7 Martin Marietta
6.4.8 Tarmac
6.4.9 Vulcan Materials Company

7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Development of Smart Aggregates
7.2 Other Opportunities

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