Lucintel's latest market report analyzed that construction aggregate provides attractive opportunities in the infrastructure, residential, and non-residential construction industries. The construction aggregate market is expected to reach $454.7 billion by 2025 with a CAGR of 2.3%. In this market, crushed stone is the largest segment by product type, whereas infrastructure is largest by end use type. Increasing adoption of pea gravel and the growing use of recycled stone provides strategic growth path in this market.
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Based on product type, the construction aggregate market is segmented into sand and gravel, crushed stone, and other aggregates. The crushed stone segment accounted for the largest share of the market in 2020 due to its high durability and sand and gravel is expected to register the highest CAGR during the forecast period, due to its easy availability and low price. The growth for the sand and gravel segment will also be driven due to increasing demand in the residential industry.
Browse in-depth TOC on “Construction Aggregate Market”
99 – Tables
124 – Figures
189 – Pages
The construction aggregate market is marked by the presence of several big and small players. Some of the prominent players offering construction aggregate include Heidelberg Cement, Lafarge Holcim, Martin Marietta, Vulcan Materials Company, and CRH Plc.
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Brandon Fitzgerald
Lucintel
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