Industry Background:
Recycled Construction Aggregates are inert granular materials such as crushed stones, sand, gravel that applicable for binding medium such as water & Portland cement, lime and others. Recycled Construction Aggregates market is expected to mark significant growth over forecasted period owing to increasing consumers spending on constructing smart buildings and infrastructures in cities and technological advancement. Furthermore, the growing acceptance of recycled construction aggregates due to their ability to preserve depleting energy resources and reduce costs are projected to positively impact the construction aggregates market in the upcoming years. Further, increasing demand for the rapid industrialization expected to drive the market growth over the forecasted period.
This growth is primarily driven by Rise in Construction and Redevelopment Activities. and Rapid Emphasis on Environmental Sustainability within Construction Industry..
Globally, a noticeable market trend is evident Value Oriented Consumers
. The Construction Materials sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Vulcan Materials Company (United States), Adelaide Brighton Cement Ltd. (Australia), PJSC LSR Group (Russia), CEMEX S.A.B. de C.V. (Mexico), LafargeHolcim Ltd. (Switzerland), Martin Marietta Materials, Inc. (United States), Eurocement Holding AG (Russia) and CRH PLC (Ireland) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In January 2018, HeidelbergCement acquired Hanson Holdings. This acquisition is beneficial in providing recycled construction materials and asphalt business in Australia. It also offers integrated manufacturers of building materials with leading market positions in aggregates, cement, and ready-mixed concrete.
Market Drivers
- Rise in Construction and Redevelopment Activities.
- Rapid Emphasis on Environmental Sustainability within Construction Industry.
Market Trend
- Value Oriented Consumers
- Collaboration and Tie Up Of Leading Players
Restraints
- Lack of Proper Construction Waste Handling Systems Hampers the Market.
- Adverse Impact Due to Sluggish Pace of Acceptance of Recycled Construction Aggregates.
Opportunities
Proliferation of Highways Projects Leads to Grow the Recycled Construction Aggregates Market. and Upsurge Demand due to High Investments by the Housing Development Projects.
Challenges
Limitation Due to Lack of Cost Effectiveness is Anticipated to Challenge the Market. and Fragmented Nature of Recycling Industry is Anticipated to Challenge the Market.
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Recycled Construction Aggregates Study Sheds Light on
The Recycled Construction Aggregates Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Recycled Construction Aggregates industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Recycled Construction Aggregates industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.