Aggregates Market Size, Outlook, Competitive Landscape and Segment Forecasts 2023-2032

 The key driver of global aggregate market growth is rising population and urbanization, which is driving infrastructure development in emerging economies.

The market value for Aggregates Market was USD 535 Billion in 2022 and is expected to reach USD 761.47 Billion in 2032 growing at a CAGR of 4% during the forecast period. The construction industry, which is rapidly utilizing Aggregates in building construction and infrastructure development projects as a result of growing urbanization and population increase, is driving revenue growth. Aggregates are in great demand because they are widely used in the construction of roads, highways, bridges, airports, and other infrastructure facilities. Furthermore, the rising demand for Aggregates in the production of concrete, Asphalt, and other building materials is driving revenue growth.

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Competitive Landscape:

The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as license agreements, partnerships, merger and acquisitions, collaborations, R&D investments, and joint ventures to gain robust footing in the market. 

Major Companies:

  • Vulcan Materials Company
  • Cemex S.A.B. de C.V.
  • HeidelbergCement AG
  • LafargeHolcim Ltd.
  • China National Building Material Company Limited
  • CRH Plc.
  • Martin Marietta Materials, Inc.
  • Buzzi Unicem S.p.A.
  • Eurocement Holding AG
  • Taiheiyo Cement Corporation

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Aggregates Market Segmentation:

Type Outlook:

  • Crushed Stone
  • Sand
  • Gravel
  • Others

Application Outlook:

  • Concrete
  • Road Base & Coverings
  • Railway Ballast
  • Others

Regional Outlook:

·         North America (U.S., Canada, Mexico)

·         Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)

·         Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)

·         Latin America (Brazil, Rest of LATAM)

·         Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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