NEWARK, Del, May 02, 2023 (GLOBE NEWSWIRE) -- The global recycled concrete aggregates market is projected to expand at 8.0% CAGR during the forecast period. Total market size is likely to increase from US$ 9,053.7 Million in 2023 to US$ 19,500.1 Million by 2033.
Growing demand for sustainable construction practices is emerging as a key factor boosting the global market. Similarly, rising inclination towards using eco-friendly building materials will fuel recycled concrete aggregate demand.
Rapid urbanization along with increasing construction activities globally is another factor that is boosting the market. Builders and contractors are utilizing recycled concrete aggregates for the construction of new roads and other structures.
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Recycled concrete aggregates have become ideal alternatives to virgin ones due to their various advantages. These aggregates are inexpensive, durable, and eliminate need for mining. They are being increasingly used for various construction applications.
Increasing trend of using recycled concrete aggregates in the thriving building & construction industry will boost the global market. Rising environmental concerns will also play a key role in fueling recycled concrete aggregate sales over the next ten years.
Gravel and crushed stone hold dominating shares by weight in the overall concrete aggregates market owing to their extensive applications in fills, concrete manufacturing, and low cost
Key Takeaways:
- The global market for recycled concrete aggregates is projected to expand at 8.0% CAGR through 2033.
- By application, road & pavement is expected to remain a prominent segment accounting for more than 65% of the overall market.
- By product type, gravel and crushed stone segment is anticipated to progress at 7.6% CAGR during the forecast period.
- Asia Pacific market is forecast to expand at a robust CAGR of 8.5% through 2033.
- China recycled concrete aggregates industry is likely to exhibit a CAGR of 8.4% from 2023 to 2033.
“The increasing demand for sustainable and eco-friendly construction materials will continue to boost the global recycled concrete aggregates industry. Manufacturers are likely to find significant growth opportunities in developing concrete aggregates that are inexpensive and durable, targeted at rapidly urbanizing demographics across the globe.” - says an expert at Future Market Insights (FMI)
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Who is Winning?
Heidelberg Cement AG, CEMEX SAB de CV, Vulcan Material Company, LafargeHolcim Ltd., CRH Plc, Tarmac Group, Top Grade Site Management LLC, Southern Crushes Concrete, LLC, Big city crushed concrete are few of the leading companies operating in the recycled concrete aggregates industry.
Key companies are employing various organic and inorganic strategies to boost their revenues and expand their presence. This includes partnerships, acquisitions, collaborations, and facility expansions.
For instance,
- In July 2021, U.S. Concrete was acquired by Vulcan Material Company.
- In March 2023, Seqens and Holcim partnered to build the world’s first fully recycled concrete building called Recygenie.
Market Segmentation:
By Product Type:
- Sand
- Gravel and Crushed Stone
- Cement Concrete
- Asphalt Pavement Debris
By Form:
- Unprocessed
- Processed
By Application:
- Roads & Pavement
- Bridges
- Bulk Fills & Riverbank Protection
- Concrete Manufacturing
- Others
By End Use:
- Residential
- Non-residential
By Region:
- North & Central America
- South America
- Northern Europe
- Southern & Western Europe
- CIS & Eastern Europe
- Middle East
- Africa
- Asia Pacific
More Insights in this Market Report:
In its latest report, Future Market Insights, Inc. (FMI) offers an unbiased analysis of the global recycled concrete aggregates market, providing historical data from 2018 to 2022 and forecast statistics for the period 2023 to 2033. To understand the global market potential, growth, and scope, the market is segmented based on product type, form, application, end-use, and region.
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Table of Content (ToC):
1. Executive Summary | Recycled Concrete Aggregates Market
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Fuel Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Product USP’s / Features
4.3. Strategic Promotional Strategies
5. Global Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033
5.1. Historical Market Volume (Million Tons) Analysis, 2018 to 2022
5.2. Current and Future Market Volume (Million Tons) Projections, 2023 to 2033
5.3. Y-o-Y Growth Trend Analysis
6. Global Market - Pricing Analysis
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Old Source: Recycled Concrete Aggregates Market is projected to record a CAGR of 6.7%, during 2022 – 2032 : Future Market Insights, Inc.
