About Road Aggregate
Road aggregate or aggregate is a broad category of coarse particulate material used in construction, including sand, gravel, crushed stone, slag, recycled concrete, and geosynthetic aggregates. Aggregates basically give the resistance to volume stability, wear and erosion, and other desired physical properties to the finished product. Rising investments in the infrastructure and rapid urbanization are factors that are driving the road aggregate market.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
There are various companies that are operating in this area expanding their footprints in new geographical regions by adopting various market strategies including new product developments, mergers & acquisitions, expansions, investments, and many others. With growing opportunities, various new market players are entering the market. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Road Aggregate market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
LafargeHolcim Group (Switzerland), Aggregate Industries (United Kingdom), Okanagan Aggregates Ltd (Canda), Wharehine (New Zealand), Rock Road Companies Inc. (United States), Kuari Pati Sdn Bhd (Malaysia) and Hanlon Concrete (Ireland) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Road Aggregate market by Type (Granite, Limestone, Gravel, Sand, Crushed Rock and Other), Application (Railway Construction, Highway Construction and Others) and Region.
On the basis of geography, the market of Road Aggregate has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On 2nd March 2022, As a pioneering product for more sustainable pavement projects, SuperLow-Carbon asphalt was developed in collaboration with Shell Bitumen. In an industry first, SuperLow-Carbon employs Shell's Low Carbon Bitumen in a proprietary formula that reduces its embodied carbon footprint through improved manufacturing processes and alternative energy sources. It also contains a biogenic material that effectively locks CO2 within the asphalt rather than releasing it back into the atmosphere, resulting in a carbon sink something that absorbs and stores more carbon from the atmosphere than it emits.
On 2nd March 2022, Leading building materials supplier Aggregate Industries has expanded its SuperLow product range with the launch of the UK's first commercially available biogenic asphalt, as part of its ongoing commitment to decarbonizing the construction industry.
Market Drivers
- Investments in New and Improved Roads
- Repairs & Maintenance As well as the New Road Construction Projects
Opportunities
- Investment on Research and Development to Provide High Quality and Different Grades of Road Aggregates
- Rapid Industrialization, Urbanization in Developing Economies of the World
- Increasing Mega Construction Project Around the Globe
Restraints
- High Cost of Transport and Environmental Effects of the Supply of Aggregates
Challenges
- Lack of Skilled Workforce
Key Target Audience
Road Aggregate Producers, Raw Material Suppliers, Suppliers and Distributors, Private Research Organisation, Government Association, Potential Investors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.