Construction Aggregate Market to Surge at 6.5% CAGR Through 2034

The global Construction Aggregate Market (建設骨材市場) is poised to reach US$ 418.14 billion by 2024, with a projected Compound Annual Growth Rate (CAGR) of 6.5% from 2024 to 2034. The surge in global population has fueled construction activities, leading to a substantial demand for construction aggregates. Moreover, governments in developing nations are heavily investing in infrastructure development, further boosting the demand for construction aggregates. The launch of numerous mega projects worldwide is also expected to drive sales of construction aggregates in the coming years.

Countries in the Middle East, including Qatar, the United Arab Emirates, Saudi Arabia, and Oman, are expected to be key markets for construction aggregate manufacturers. These nations are undertaking several new mega projects, which will significantly increase the demand for construction aggregates and other construction materials. The study also highlights that a considerable portion of the revenue from construction aggregate sales will be generated from infrastructure projects in developing countries.

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Key Takeaways from Market Study

The global construction aggregate market (건설골재시장) is forecasted to expand at a CAGR of 6.5% from 2024 to 2034.

The market is projected to reach a valuation of US$ 781.98 billion by 2034-end.

High investments in infrastructure development, the launch of megaprojects, the growing need for housing, and the availability of recycled construction aggregates are key market drivers.

Rising popularity of container homes and high costs of construction aggregate transportation are slated to impede market growth in the long run.

Demand for construction aggregate in the United States is predicted to bring in a revenue of US$ 33.04 billion by the end of 2034.

Sales of crushed stones are forecasted to increase at 7.1% CAGR from 2024 to 2034.

Construction aggregate sales in the Kingdom of Saudi Arabia are forecasted to reach US$ 8.41 billion by the end of 2034.

Winning Strategy

Construction aggregate manufacturers should focus on the creation of sustainable products to comply with the evolving building standards and use them in sustainable construction activities. Construction aggregate companies should also invest in the expansion of their production capacity to meet the surging demand from rising construction activity around the world.

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Construction aggregate manufacturers and suppliers can optimize their business potential by focusing on key markets such as India, China, the United States, and Brazil, aligning with the prevailing global growth trend in construction activity.

In the United States, the housing market disparity has intensified post-pandemic, marked by a reduction in affordable housing availability and a surge in demand for luxury housing. The exacerbation of this housing crisis is further fueled by escalating interest rates and construction costs. Government initiatives aimed at enhancing affordable housing accessibility are anticipated to drive construction aggregate demand in the country.

Concurrently, the robust demand for luxury housing in major U.S. cities is poised to create fresh opportunities for construction aggregate manufacturers and distributors through 2034.

Key Segments of Construction Aggregate Market (Markt für Bauzuschlagstoffe) Research

By Type :

Crushed Stones

Manufactured Sand

Natural Sand

Gravel

Recycled Aggregates

Others

By Application :

Commercial

Residential

Infrastructure

Industrial

By Region :

North America

Latin America

Europe

East Asia

South Asia & Oceania

Middle East & Africa

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This release was published on openPR.