Construction Aggregates Market Size

Construction Aggregates Market Size

Construction Aggregates Market size surpassed USD 450.3 billion in 2022 and is expected to grow at 6% CAGR from 2023 to 2032. Robust growth in the construction sector, followed by increasing urbanization, expansion of residential, commercial & industrial infrastructure, and rising government spending on public infrastructure are the major factors driving industry growth.

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The overall demand for residential, commercial, and industrial infrastructure will favorably impact the construction aggregates business landscape. According to the Associated General Contractors (AGC), the construction industry in the U.S. creates about USD 1.8 trillion worth of structures every year. As per Eurostat, around 5.6% of the GDP of the European Union was invested in housing in 2021.

The rising emphasis on environmental sustainability has led to the increasing number of green buildings and regenerative construction practices. These techniques often need construction aggregates, especially recycled aggregates, to reduce ecological impacts. The adoption of green building standards including LEED and BREEAM also supports the use of sustainable & locally sourced construction materials; this will significantly propel the construction aggregates market growth.
 

Developments in manufacturing technology have allowed for the production of various types of high-quality & durable construction aggregates to suit varied construction needs. Innovations including the production of manufactured sand from crusher dust and the recycling of construction & demolition waste into construction aggregates are boosting industry expansion.