Construction Aggregate Market Size, Share, Growth, Analysis Report 2034

 The worldwide Construction Aggregate Market is expected to achieve a value of US$ 418.14 billion in 2024 and grow at 6.5% CAGR between 2024 and 2034, says a new report by Fact.MR.

Growing population worldwide is one of the primary drivers of rising construction activity, which in turn is generating high demand for construction aggregates too. Large government investments in developing nations in infrastructure growth and increasing launch of new mega projects worldwide are also projected to support sales of construction aggregates in the long term.

For More Insights into the Market, Request a Sample of this Report:
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Major Construction Aggregate Industry Research Report Segments

The countries in the Middle East, including Qatar, the United Arab Emirates, Saudi Arabia, and Oman, are expected to become major markets for construction aggregate producers during the study period. These countries are commissioning various new megaprojects that are estimated to raise the demand for construction aggregates and other materials in the future. This Fact.MR market study, a provider of market research and competitive intelligence, discovers that most construction aggregate sales revenue is expected to originate from infrastructure use in developing nations.

Market Study Key Takeaways

  • The construction aggregate market across the world is anticipated to grow at a CAGR of 6.5% during the period 2024-2034.
  • The market is expected to be valued at US$ 781.98 billion by the end of 2034.
  • Heavy investments in infrastructure construction, introduction of megaprojects, increasing demand for housing, and the availability of recycled construction aggregates are the major market drivers.
  • Increased use of container homes and high transportation costs of construction aggregates are going to hinder market growth in the long term.
  • United States construction aggregate demand is forecasted to generate a revenue of US$ 33.04 billion by the end of 2034.
  • Sales of crushed stone are projected to grow at 7.1% CAGR during 2024-2034.
  • Construction aggregate sales within the Kingdom of Saudi Arabia are projected to become US$ 8.41 billion by the end of the year 2034.

"Developing nations like India, China, and Brazil are anticipated to provide rewarding money-making options for construction aggregate suppliers," observes a Fact.MR analyst

Winning Strategy

Construction aggregate producers need to emphasize the production of sustainable products to keep up with the changing building requirements and utilize them in sustainable building activities. Construction aggregate firms also need to invest in increasing their production capacity to cater to the growing demand from increased construction activity globally.

Construction aggregate producers and suppliers can improve their business prospects by targeting influential markets like India, China, the United States, and Brazil, concurring with the current global pattern of growth in construction activity.

In the United States, the gap in the housing market has heightened post-pandemic, with a decline in the availability of affordable housing and an increase in demand for upscale housing. Increasing interest rates and building costs feed into the housing crisis further, as it intensifies. Public programs to support increased accessibility in affordable housing are expected to push aggregate demand in construction in the nation.

At the same time, the strong demand for luxury residential properties in key U.S. cities will continue to generate new opportunities for construction aggregate producers and distributors through 2034.

Browse Full Report: https://www.factmr.com/report/construction-aggregate-market 

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global construction aggregate market, presenting historical demand data (2018 to 2023) and forecast statistics for the period (2024 to 2034).

The study divulges essential insights on the market based on type (crushed stones, manufactured sand, natural sand, gravel, recycled aggregates, others) and application (commercial, residential, infrastructure, industrial), across six major regions of the world (North America, Europe, Latin America, East Asia, South Asia & Oceania, and Middle East & Africa).

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