2014-01-29 03:33:01 - Global Construction Aggregates Market - Key Trends and Opportunities to 2017 - a new market research report on companiesandmarkets.com
The global construction aggregates market valued over US$99 billion in 2012, of which the Asia-Pacific region constituted a 42.5% share, making it the largest regional market for construction aggregates in the world. In the same year, Europe and North America were the second- and third-largest regional markets, representing respective shares of 26.9% and 20.8%. Continuing economic uncertainty in Europe and a gradual recovery in the US are expected to reduce these regional market shares.
Growing economies in the Asia-Pacific, in particular China, India and Indonesia, are expected to reduce the market shares of Western regions, as the rapid development of infrastructure and other construction markets in these areas increases the demand for construction aggregates. The market shares of the European and
North American regions are expected to reach 22.7% and 20% respectively in 2017, down from 2012, while the Asia-Pacific region is forecast to increase its share to 47.6% by 2017.
In terms of growth, the global construction aggregates market recorded a CAGR of 2.40% during the review period. A key factor for this low growth was a decline in the market by 9.8% in 2009. The Asia-Pacific construction aggregates market valued over US$40 billion in 2012. China constituted the largest share of the regional market with 66.1% in 2012
Future growth will be driven by large-scale infrastructure development undertaken in emerging economies, and the easing of the economic crisis in Europe. However, the slowdown in Asia, the gradual US recovery and uncertainty in Europe will moderate growth
Crushed stone was the largest category in the market during the review period. The category valued over US$44 billion in 2012, constituting a 44.8% share in the global market
Infrastructure networks in developed countries are well established, and many use lower amounts of aggregates and concrete in construction. The majority of construction work in these countries will be limited to repairs and upgrades of existing infrastructure, and demand for construction aggregates will be less than in emerging nations
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