The global recycled concrete aggregates market size is expected to grow at an impressive rate owing to the growing construction and infrastructure sector, observes Fortune Business Insights™ in its report, Rapidly growing applications of recycled aggregates in residential construction and expansion of the infrastructure sector are resulting in robust demand for the product in the construction sector. Decrease in the degradation of natural resources and cost reduction activities due to rising use of recycled concrete aggregates instead of original aggregates are the major factors driving the demand for the material.

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Highlights of the report:

  • Segmentation on the basis of product, type, consumption, distribution channel, and region
  • Detailed analysis of the companies based on their financial positions, product portfolios, and growth strategies
  • Study of core competencies of the key players and their market share to anticipate the degree of competition
  • Employment of the bottom-up procedure to arrive at the overall size of the market by estimating revenues of key market players

Driving Factor

Growing Urban Population to Drive the Construction and Infrastructure Industry

According to the United Nations, 68% of the global population is estimated to settle in urban areas. Growing urbanization, along with rising population is driving a significant growth in the global construction and infrastructure industry. This, in turn, is expected to drive the global recycled concrete aggregates market. In addition, the growing demand for green construction, such as residential buildings that are powered by clean energy and are equipped with smart appliances, in order to minimize the carbon footprint is expected to enhance the growth in the construction industry. Application of latest technologies, such as Augmented Reality (AR) and Building Information Modeling (BIM), is pacing the overall growth. These factors will further drive the growth.

Regional Insights

Infrastructural Development Driven by Government Initiatives to help Asia Pacific Lead the Market

Asia-Pacific is dominating the global recycled concrete aggregates market owing to the rising development activities in infrastructure. Several initiatives taken by governments in major countries of the region are promoting the development of infrastructure. Europe is showcasing a considerable growth due to the high demand in the construction industry for environment- friendly concrete aggregates, market liberalization to encourage factory optimization, and increased supply for cost-effective and highly resilient building materials.

The market in North America is witnessing increasing growth owing to the significant contribution from the U.S. Presence of key players, such as Delta Sand & Gravel and Aggregate Industries Management Inc., are driving the market for recycled concrete aggregates in the U.S. The Middle East and Africa is experiencing sluggish growth due to the limited expertise and knowledge of the benefits regarding recycled aggregates and changes in laws and regulations. Latin America is forecast to witness stable growth owing to the increasing demand for commercial construction.

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Competitive Landscape

Utilization of Latest Technology to Help Key Players Attain Cost Efficiency

The key players in the market are focusing on leveraging the latest technologies, such as AI and BIM, in order to refine the process of repurposing recycled aggregates and attain cost efficiency. This will help them enhance their offerings and provide them an edge over the competition.

Industry Development:

  • On 26thSeptember, 2019, CEMEX, a global leader in the building material industry, announced to provide ready-mix concrete for phase one of the Coral Gables Plaza, which is approximately about 55,000 cubic yards. The company’s key motive behind the deal was to gain competitive advantage.
  • On 20thDecember, 2018, Tarmac, a building material company, constructed cycling and hiking connections in Cambridge. This will build the initial step for cyclists and pedestrians to navigate off-road via Cambridge.

List of Key Players Covered in the Recycled Concrete Aggregates Market Report:

  • Delta Sand & Gravel Co.
  • HeidelbergCement AG
  • Aggregate Industries Management, Inc.
  • Green Stone Materials
  • Vulcan Materials Company
  • LafargeHolcim Ltd.
  • CRH Plc.
  • Tarmac
  • Others

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