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Global Construction Aggregates Market Research and Development Process 2025
by NiravGokani · December 31, 2018
ResearchMoz include new market research report “Construction Aggregates Market: Rising Investments in the Construction Sector Fuelling Market Growth: Global Industry Analysis and Opportunity Assessment, 2016-2024” to its huge collection of research reports.
Global Market Study on Construction Aggregates: Supported by Infrastructure Investments to Reflect Over 6% CAGR by 2024
Construction aggregates are a broad category of granular materials such as crushed stone http://www.thedevilsteamstore.com/adidas-john-moore-jersey , stone, and gravel etc., which finds application in construction activities. Aggregates are the worlds most mined material. Aggregates give resistance to wear and erosion, volume stability, and other desired physical properties to the finished product.
Construction aggregates are mainly used in the applications such as commercial http://www.thedevilsteamstore.com/adidas-jimmy-hayes-jersey , residential, Industrial, and infrastructure in a number of construction activities. The global construction aggregates market is anticipated to grow from an estimated USD 350.2 Bn in 2016 to USD 560.9 Bn by 2024, at a CAGR of 6.1% during the forecast period.
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Rising investments in the construction sector are driving the growth of the global construction aggregates market
New trends such as manufactured sand, and recycled aggregates http://www.thedevilsteamstore.com/adidas-jesper-bratt-jersey , along with the rising investment in infrastructure globally are driving the growth of the global construction aggregates market, whereas the high transportation costs, stringent zoning regulations, the seasonal factors, and the rising energy costs restrain the growth of the global construction aggregates market.
Infrastructure segment constitutes a major share of the total market volume
In terms of volume http://www.thedevilsteamstore.com/adidas-jamie-langenbrunner-jersey , the highest CAGR will be observed in the residential segment for the forecast period. However, the infrastructure segment is likely to constitute the largest share of the total market size.
China is the largest market of construction aggregates and dominated the global construction aggregates market
China was the biggest consumer of construction aggregates and dominated the global construction aggregates market in 2015, followed by North and Central America. China will represent the fastest growing region in the construction aggregates market in terms of value growing at a CAGR of 4.7%, however, developing economies like India and the Middle East are also anticipated to witness a considerable growth rate in construction aggregates market during the forecast period. The market in North and Central America will cross a value of USD 95 Bn by 2024 end.