Recycled Construction Aggregates Market Projected To Grow by 2025

Industry Insight

The study on the Recycled Construction Aggregates Market 2020 by Market Research Future has been conducted with the bird’s eye view of the current proceeding within the energy & power industry. The report also considers the influence of the novel COVID-19 pandemic on the recycled construction aggregates market. It offers a transparent assessment of the projected market fluctuations during the forecast period (2019-2025) at a pace of ~6.68% CAGR while anticipating a valuation surpassing USD 102.1 Billion that was acquired in 2018.

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Top Impacting Factors

Rapid urbanization and proliferation in construction and infrastructure development activities elude a noteworthy amount of waste being generated worldwide, which has been a prime environment concern among industrialists. This has been an essential factor leading the growth of global recycled construction aggregates market, also during the lockdown period due to long impact of COVID 19 deadly disease.

Continued prominence on environmental conservation has also equally instigated the decisive need for recycling and reusing construction materials. As per the European Commission, construction and demolition waste grab for nearly 25%-30% of the waste generated in the EU. Estimations from the US Environmental Protection Agency (EPA) reveal that, in 2015, approximately 548 million tons of construction and demolition debris was produced in the US.

MRFR further spots light that significant efforts are being taken by governments in the US, Netherlands, and Germany, concerning construction and demolition waste recycling and reuse. Introduction of new standards by the EU for recycling and recycling of construction and demolition waste in building, drainage, roads, and other construction projects, has further created immense growth opportunities for the recycled construction aggregates market.

Moving forward, recycled construction aggregates continue to observe robust demand in line with the development of residential construction and infrastructure development projects globally. As claimed from the Global Construction 2030, published by Global Construction Perspectives and Oxford Economics, the worldwide construction output is possible to reach $15.5 trillion by 2030, with US, China, and India grabbing 57% of the global growth.

Leading Segments

The Global Recycled Construction Aggregate Market has been segmented on the segments of product type, and end-use.

In terms of product type segment, the global market has included cement concrete, sand & gravel, crushed stone, and asphalt pavement debris. The crushed stones segment held the leading share of the market in 2018 and is now anticipated to observe the utmost CAGR during the assessment period.

In terms of end-use segment, the global market has included commercial, residential, infrastructure, and others. The infrastructure segment apprehended the largest market share of the global recycled construction aggregates market in 2018 and is now likely to observe the highest CAGR during the assessment period.

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Regional Framework

The Asia Pacific is a chief consumer of recycled construction aggregates. The rise in demand for recycled construction aggregates in China, Japan, and South Korea is anticipated to generate towering demand for recycled construction aggregates during the assessment period. Additionally, rise in demand for eco-friendly recycled materials in the building & construction industry across mounting economies of the Asia Pacific such as China, India, Indonesia, and Vietnam is probable to construct rewarding opportunities for recycled construction aggregates in the region.

On a similar note, a boost in demand for eco-friendly construction aggregates is motivating the recycled construction aggregates market in Europe and North America regions. This is due to the immense impetus on the development of recycled construction aggregates in Europe. A rise in import of recycled construction aggregates in Latin America and Middle East & Africa owing to its low-cost benefits is likely to boost the market in these regions.

Top Industry Players

A lot of crucial recyclers are operating in the global recycled construction aggregates market. They are Delta Sand & Gravel (US), Green Stone Materials (US), Aggregate Industries Management Inc. (US), Heidelbergcement AG (Germany), and LafargeHolcim Ltd (Switzerland).

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