Construction Aggregate Market Report 2024 (Global Edition)

Global Construction Aggregate Market Report 2024 Market Size Split by Type (Crushed Stone, Sand and Gravel), by Application (Non-Residential, Residential), by Transportation Mode (Truck, Train Ship)

Construction Aggregate Market Report Description

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Construction Aggregate Market Insights Video

Competitive Landscape of the Construction Aggregate Market

The competitive landscape of the construction aggregate market features major players like Vulcan Materials and CRH plc, who vie for market share through strategic acquisitions, technological advancements, and sustainability practices. Companies compete on factors such as cost, product quality, and geographic reach to meet growing infrastructure demands.

June 2021: Vulcan Materials Company plans to acquire U.S. Concrete, a strategic move that aims to strengthen its position in the Construction Aggregate Market. This acquisition is expected to enhance Vulcan's geographic footprint and increase its production capacity, further solidifying its leadership in the industry. (Source: https://ir.vulcanmaterials.com/news/news-details/2021/Vulcan-To-Acquire-U.S.-Concrete-06-07-2021/default.aspx ) February 2024: Martin Marietta Announces Acquisition of Aggregate Operations from Blue Water Industries L.L.C. Affiliates; Also Completes Divestiture of South Texas Cement and Concrete Operations. (Source: https://ir.martinmarietta.com/news-releases/news-release-details/martin-marietta-announces-acquisition-aggregates-operations#:~:text=(NYSE%3A%20MLM)%20(Martin,Southeast)%20for%20%242.05%20billion%20in) July 2024: Heidelberg Materials has expanded its U.S. presence through three strategic acquisitions, strengthening its position in the American construction aggregate market. These acquisitions enhance the company's production capabilities and market reach, allowing it to better serve the growing demand for construction materials across key regions in the United States. (Source: https://www.heidelbergmaterials.com/en/pr-2024-07-16)

Top Companies Market Share in Construction Aggregate Industry: (In no particular order of Rank)

• Vulcan Materials Company
• CRH plc
• Martin Marietta Materials
• Inc.
• HeidelbergCement AG
• LafargeHolcim Ltd
• Cemex S.A.B. de C.V.
• Holcim Ltd
• Confidential Data
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• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Construction Aggregate Market

Which Region Dominates the Construction Aggregate Market in 2024?

According to Cognitive Market Research, The Asia-Pacific region is the largest market for construction aggregates, driven by rapid urbanization, population growth, and extensive infrastructure development in countries like China and India. Massive investments in residential, commercial, and industrial projects, along with government initiatives to enhance transportation networks and urban infrastructure, fuel the demand for aggregates. The region's expanding economies and significant construction activities contribute to its dominance in the global market, making it a key focus for major players seeking growth and expansion opportunities.

Which Region is Expanding at the Fastest CAGR?

The Middle East and Africa represent the fastest-growing region in the construction aggregate market, driven by significant investments in infrastructure development and urbanization projects. Countries like the U.A.E., Saudi Arabia, and South Africa are undertaking large-scale construction projects, including roads, bridges, and commercial developments. Rapid economic growth, increased government spending on infrastructure, and urban expansion are propelling the demand for aggregates. This growth is further supported by ongoing efforts to modernize infrastructure and enhance connectivity, positioning the region as a dynamic and expanding market for construction aggregates.

The current report Scope analyzes Construction Aggregate Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Construction Aggregate Market

According to Cognitive Market Research, the global Construction Aggregate Market size was estimated at USD 385954.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 154381.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.

• According to Cognitive Market Research, the U.S. had a major share in the Construction Aggregate Market with a market size of USD 121807.15 million in 2024 and is projected to grow at a CAGR of 3.5% during the forecast period. The nation's extensive infrastructure and highway construction needs.
• The Canada Construction Aggregate Market had a market share of USD 18525.80 million in 2024 and is projected to grow at a CAGR of 4.5% during the forecast period. Canada's residential construction and infrastructure projects.
• The Mexico Construction Aggregate Market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 14048.73 million in 2024.

Europe Construction Aggregate Market

According to Cognitive Market Research, the global Construction Aggregate Market size was estimated at USD 385954.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 115786.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2031.

• The United Kingdom Construction Aggregate Market had a market share of USD 19452.09 million in 2024 and is projected to grow at a CAGR of 4.8% during the forecast period. In the U.K., Construction Aggregate sales witness an upswing due to the nation's demand for sustainable urban development and infrastructure renewal.
• The France Construction Aggregate Market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 10652.34 million in 2024.
• According to Cognitive Market Research, the German Construction Aggregate Market size was valued at USD 22925.68 million in 2024 and is projected to grow at a CAGR of 4.2% during the forecast period. In Germany, Construction Aggregate surged due to the well-developed infrastructure and high-quality construction standards.
• The Italy Construction Aggregate Market is projected to witness growth at a CAGR of 3.4% during the forecast period, with a market size of USD 9957.62 million in 2024.
• The Russia Construction Aggregate Market is projected to witness growth at a CAGR of 3.0% during the forecast period, with a market size of USD 17946.87 million in 2024.
• The Spain Construction Aggregate Market is projected to witness growth at a CAGR of 3.1% during the forecast period with a market size of USD 9494.47 million in 2024
• The Luxembourg Construction Aggregate Market is projected to witness growth at a CAGR of 4.1% during the forecast period, with a market size of USD 3589.37 million in 2024.
• The Portugal Construction Aggregate Market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 2431.51 million in 2024.
• The Greece Construction Aggregate Market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 1389.44 million in 2024.
• Rest of Europe's Construction Aggregate Market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 17946.87 million in 2024.

Asia Pacific Construction Aggregate Market

According to Cognitive Market Research, the global Construction Aggregate Market size was estimated at USD 385954.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 88769.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031.

• According to Cognitive Market Research, the China Construction Aggregate Market size was valued at USD 39946.26 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. Construction Aggregate surged in China due to rapid urbanization and massive infrastructure projects.
• The Japan Construction Aggregate Market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 12250.19 million in 2024.
• The India Construction Aggregate Market had a market share of USD 10652.34 million in 2024 and is projected to grow at a CAGR of 9.3% during the forecast period. India's large-scale infrastructure and urban development.
• The South Korean Construction Aggregate Market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD 8876.95 million in 2024.
• The Australian Construction Aggregate Market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 4616.01 million in 2024.
• The South East Asia Construction Aggregate Market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 6125.09 million in 2024.
• The Rest of Asia Pacific Construction Aggregate Market is projected to witness growth at a CAGR of 7.3% during the forecast period, with a market size of USD 6302.63 million in 2024.

South America Construction Aggregate Market

According to Cognitive Market Research, the global Construction Aggregate Market size was estimated at USD 385954.2 Million, out of which the Latin America market has more than 5% share of the global revenue with a market size of USD 19297.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031. .

• According to Cognitive Market Research, the Brazil Construction Aggregate Market size was valued at USD 8259.42 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. Construction Aggregates flourished in Brazil due to the road construction and urbanization efforts amid economic growth.
• Argentina's Construction Aggregate Market had a market share of USD 3242.02 million in 2024 and is projected to grow at a CAGR of 5.8% during the forecast period. Argentina's residential and infrastructure projects driven by urban expansion.
• Colombia Construction Aggregate Market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 1717.50 million in 2024.
• Peru Construction Aggregate Market is projected to witness growth at a CAGR of 5.1% during the forecast period, with a market size of USD 1582.41 million in 2024.
• Chile Construction Aggregate Market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 1389.44 million in 2024.
• The Rest of Latin America's Construction Aggregate Market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD 3106.93 million in 2024.

Middle East and Africa Construction Aggregate Market

According to Cognitive Market Research, the global Construction Aggregate Market size was estimated at USD 385954.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 7719.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031..

• The G.C.C. Countries Construction Aggregate Market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 3303.77 million in 2024. Construction Aggregate sales flourish due to the large infrastructure and construction projects in rapidly developing urban areas.
• The Egypt Construction Aggregate Market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 810.50 million in 2024.
• The South Africa Construction Aggregate Market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 1219.62 million in 2024. Construction Aggregate sales flourish in South Africa due to infrastructure development and residential construction in growing urban areas.
• The Turkey Construction Aggregate Market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 663.84 million in 2024.
• The Nigeria Construction Aggregate Market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 810.50 million in 2024.
• The Rest of M.E.A. Construction Aggregate Market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 910.85 million in 2024.

Construction Aggregate Market Analysis

How are Segments Performing in the Global Construction Aggregate Market?

Construction Aggregate Market Type Segment Analysis

According to Cognitive Market Research, Crushed stone is the largest segment in the construction aggregate market, largely due to its widespread use in various applications such as concrete production, road construction, and infrastructure development. Its versatility and durability make it a preferred choice for a broad range of projects. The demand for crushed stone is driven by large-scale construction and infrastructure projects globally, making it the dominant aggregate type in terms of volume and market share.

Sand and gravel are the fastest-growing segment in the construction aggregate market, driven by their increasing use in residential and commercial construction projects. Their demand is rising due to their essential role in concrete and asphalt production, as well as land reclamation and environmental projects. The rapid urbanization and infrastructure development in emerging economies contribute to this segment's accelerated growth, making sand and gravel a dynamic and expanding area within the market.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Construction Aggregate Industry. Request a Free Sample PDF!

Construction Aggregate Market Application Segment Analysis

According to Cognitive Market Research, The non-residential segment is the largest in the construction aggregate market, encompassing commercial, industrial, and infrastructure projects. This segment includes the construction of office buildings, shopping centers, and transportation infrastructure such as highways and bridges. The substantial scale and complexity of these projects drive higher aggregate demand compared to residential construction, making non-residential development the leading sector in terms of aggregate consumption and market size.

The residential segment is the fastest-growing area in the construction aggregate market, driven by increasing urbanization, population growth, and housing demand. As more new homes, apartment buildings, and residential communities are developed, the need for aggregates such as sand and gravel for concrete and asphalt rises rapidly. The surge in residential construction activities, particularly in emerging economies, is propelling this segment's growth, making it a key driver in the market's expansion.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Construction Aggregate Transportation Mode Segment Analysis

Construction Aggregate Market Transportation Mode Segment Analysis

According to Cognitive Market Research, the truck segment is the largest mode of transportation for construction aggregates, primarily due to its flexibility and ability to access a wide range of construction sites. Trucks can transport aggregates directly from quarries to construction sites, allowing for efficient delivery and quick turnaround. This method is essential for short to medium-distance and small to medium-sized projects, making it the predominant choice in the aggregate transportation market.

The train segment is the fastest-growing mode of transportation for construction aggregates, driven by increasing demand for bulk transport and cost efficiency over long distances. Trains offer a scalable solution for moving large quantities of aggregates from production sites to major construction hubs, reducing overall transportation costs and environmental impact. As infrastructure projects expand and the need for efficient logistics grows, rail transport is rapidly gaining prominence in the aggregate industry.

• Truck
• Train Ship

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David Fuller

Senior Analyst at Cognitive Market Research

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I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building.

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