It is said that the global construction aggregates market is estimated to register 6% CAGR (compound annual growth rate) from 2015 to 2021 and it will be worth $468.2 billion (€417.47 billion) by 2021, according to a report by Persistence Market Research.
During the same period, the market will see a CAGR of 4.6% in terms of volume.
The global construction aggregates market is motivated by increasing investment in global infrastructure, new tendencies such as artificial sand and recycled aggregates.
There are also some constraints including seasonal factors, rising energy expense, high transportation costs and rigorous regional regulations.
It’s estimated the infrastructure section will grow at 5.4% CAGR.
Sand is anticipated to register 5.8% CAGR by product type and was estimated to claim the total market share of 44.1% in terms of volume in 2015.
Growing at a CAGR of 5.9%, China is planning to lead the construction aggregates market globally.