Market Size of Aggregates Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 6.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Aggregates Market Analysis
The aggregates market is projected to register a CAGR of more than 6% during the forecast period.
The construction industry was negatively impacted due to the COVID-19 pandemic. Most projects were halted due to the unavailability of raw materials in time. Also, at the end of 2020, a new COVID-19 strain was detected in Europe, due to which manufacturing and industrial activities were affected in the first half of 2021. However, the market has recovered to pre-pandemic levels in 2022.
- Over the long term, the major factor driving the market studied is the increasing demand for residential and commercial construction activities across the globe.
- Various factors, including supply chain disruption, shortage of subcontractors and materials, and the termination of contracts to control expenses, are affecting the growth of the market across the world. Due to these factors, the aggregates market is affected on a short-term basis.
- The development of smart aggregates is likely to act as an opportunity for the market to grow.
- The Asia-Pacific region dominates the global market, with the largest consumption being registered in China, India, and Japan.
