Growing need for sustainability in infrastructure development to boost the Recycled Construction Aggregates Market

 

Recycled Construction Aggregates Market 

Recycled construction aggregates refer to building materials that are produced by processing pre-consumer or post-consumer demolished concrete and masonry materials into aggregate subbase, base, or paving products. They are an alternative to virgin stone aggregates that are being extracted from mines or quarries. Recycled construction aggregates help reduce construction waste, preserve natural resources as well as provide cost savings compared to virgin aggregates. They find wide application in the construction of roads, bridges, and foundations.

The global Recycled Construction Aggregates Market is estimated to be valued at US$ 46.87 Bn in 2023 and is expected to exhibit a CAGR of 9.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:

The recycled construction aggregates market is being driven by growing emphasis on environmental sustainability and adoption of green building practices in the construction industry. Rapid urbanization and infrastructure development have led to the generation of massive C&D (construction and demolition) waste around the world. According to the World Bank, annual global C&D waste generation is expected to reach over 3.4 billion tons by 2025 from the current 1.3 billion tons. Using recycled C&D waste as aggregates helps reduce the construction industry's waste generation and carbon footprint. The other major driver is stringent regulations restricting landfill disposal of C&D waste. Many countries have enacted policies promoting the use of recycled aggregates in construction projects. This is expected to significantly boost market demand over the forecast period.

Segment Analysis


The recycled construction aggregates market is dominated by the crushed stones sub-segment due to its high usage in cement production, paving and other construction activities. Crushed stones constitute more than 60% of the recycled construction aggregates market share owing to their superior strength, resistance to wear-and-tear and availability in a variety of sizes as per requirement.

PEST Analysis

Political: Growing infrastructure development projects by various governments worldwide along with supportive regulations for sustainable construction practices is facilitating the recycling of construction and demolition waste.
Economic: Rise in construction costs along with shortage of natural resources is encouraging construction companies to adopt recycled aggregates which help reduce costs as well as preserve natural resources.
Social: Increasing awareness about environmental protection and sustainability is driving the demand for green construction materials like recycled aggregates from end users.
Technological: Advanced sorting and separation technologies allow efficient processing of mixed debris to produce high quality recycled aggregates for various construction applications.

Key Takeaways

The global Recycled Construction Aggregates Market Demand is expected to witness high growth, exhibiting CAGR of 9.5% over the forecast period, due to increasing investments in infrastructure development projects worldwide.
The Asia Pacific region dominates the global market owing to rapid urbanization and growing construction spending in major economies like China and India. Several new road, rail and building projects are propelling the demand for recycled aggregates in the region.
Key players operating in the recycled construction aggregates market are Tarmac, Delta Sand & Gravel Co., LafargeHolcim Ltd., Aggregate Industries Management, Inc., CEMEX, Vulcan Materials Company, CESPA, Green Stone Materials, CRH Plc., and Heidelberg Cement AG. Prominent players are investing in advanced processing plants to increase recycled aggregates production and gain a larger market share.

Get more insights on this topic:

https://www.pressreleasebulletin.com/recycled-construction-aggregates-market-growth-market-size/

Comments

Post a Comment

Popular posts from this blog

The Notchback Market is Estimated To Witness High Growth Owing To Rising Demand From Emerging Economies

Image
  Notchback Market Market Overview: A notchback is a body style of cars characterized by a gently sloped rear window and greenhouse. Notchbacks provide practical interior space with good cargo capacity. They offer balanced interior volume for passengers and cargo along with sleek and stylish exterior design. The body style has advantages like no C-pillar which enhances visibility compared to sedans. Market key trends: The growth of the notchback market is attributed to rising demand from emerging economies like China, India and Brazil. These nations have growing middle-class population and increasing disposable income which is driving vehicle ownership. Moreover, notchback body style is quite popular in these developing markets due to its spacious cabin combined with stylish looks at affordable prices. Leading automakers are launching various notchback models to cater to the surging demand from developing countries, which is fueling the growth of the notchback market size during ...
Read more

The increasing demand for adhesives and sealants is anticipated to open up the new avenue for Petroleum Resins Market

Image
Petroleum Resins Market  Market Overview: Petroleum resins are amorphous thermoplastic polymers made from petroleum-based feedstock materials, through either thermal or catalytic polymerization. They are mainly used for applications such as adhesives, inks, paints, rubber compounding, and others. Different types of petroleum resins include C5 resins, C9 resins, hydrogenated hydrocarbons (HHCs), and modified and specialized petroleum resins. Among applications, adhesives and sealants hold the largest share in the petroleum resins market owing to increasing use of petroleum resins in hot melt and pressure sensitive adhesives. Market Dynamics: The increasing demand for adhesives from packaging and construction industries is a major driver for the petroleum resins market. According to statsista, the global adhesive market was valued at over US$ 53.3 billion in 2020 and is projected to reach around US$ 78 billion by 2027, growing at a CAGR of over 5.7% during the forecast period. Pe...
Read more

Global Synthetic Biology Market Analysis: Size and Share

Image
Synthetic Biology Market  Synthetic biology encompasses the design, construction, and redesigning of biological parts, devices, and systems, either non-existent in nature or reengineered from existing biological systems. The market is experiencing significant growth, driven by the increasing demand for personalized medicine and healthcare. Applications of synthetic biology span pharmaceuticals, chemical production, agriculture, environmental protection, and renewable energy. Advancements in synthetic biology contribute to the rapid manufacturing of biotherapeutics, fostering the development of personalized medicine and more cost-effective healthcare solutions. The Synthetic Biology Market is projected to be valued at US$ 31,693.59 million in 2023, with an expected CAGR of 28% during the forecast period from 2023 to 2030, according to a newly published report by Coherent Market Insights. Key Market Trends: A prominent trend in the Global Synthetic Biology Market is the escalat...
Read more