Market Overview
In its research report, Market Research Future (MRFR), asserts that the global recycled construction aggregates market 2020 is expected to grow significantly, securing a substantial market valuation from its 2018 value of USD 102.1 Billion, and a healthy 6.68?GR over the review period.
Drivers and Restraints
Major growth has seen on the global market for recycled building aggregates. The construction industry has moved from traditional methods to the use of recycled materials for residential, industrial sites, and infrastructure construction. This phenomenon is slated to provide lucrative opportunities over the forecast period for companies operating on the recycled construction aggregates market. The demand for recycled aggregates is expected to be driven by the growing recognition among along with among major builders in the construction industry for sustainable and eco-friendly construction. Considerable improvement in plants handling this waste, as well as focusing on producers to ease their deployment, has boosted demand prospects. Important improvement made in RCA’s efficiency laboratory investigations is improving the market. This has inspired producers to implement superplasticizers to make recycled building aggregates more workable. The decreasing availability of natural resource reserves has produced a need for increased adoption across the globe of crushed aggregate and dense aggregate grading. The emergence of higher-performance additives has improved recycling use of building waste. Over the past several years, several countries have developed standards which tend to catalyze demands for recycled construction aggregates. The growing use of fine recycled aggregates in the building industry is also improving the market’s current strides. In addition, the market is driven by significant development in research centers and laboratory investigations for the quality of recycled construction aggregates. This has held producers encouraged to consider super-plasticizers to make recycled building aggregates more workable.
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Segmental Analysis
The Global Recycled Construction Aggregate Market has been analyzed based on End-Use, Product Type, and Region. Based on the product type, the global recycled construction aggregates market is divided into crushed stone, cement concrete, sand & gravel, and asphalt pavement debris. The crushed stones segment held the highest share of the global recycled construction aggregates market in 2018 and is estimated to witness the fastest CAGR over the forecast period.
Based on end-use, the global recycled construction aggregates market is divided into commercial, residential, infrastructure, and others (industrial and monumental). The infrastructure segment held the major market share of the global recycled construction aggregates market in 2018 and is poised to witness the highest CAGR during the review period.
Regional Overview
The geographical overview of the global market has been analyzed in four major regions, including the Asia Pacific, North America, Europe, and the rest of the world. Due to the strong demand for environmentally sustainable construction aggregates in the construction industry, favorable government policies to promote factory automation and growing demand for cost-effective and highly durable building materials, Europe dominated the market in 2018. In North America, the US is a crucial contributor to the aggregate demand for recycled building. The significant factor fueling market growth in the US is the involvement of key players in the market. The lack of a professional workforce and limited knowledge of the benefits of recycled aggregates, as well as changes in laws and regulations, hamper market growth. On the other hand, Asia-Pacific is poised to register the fastest CAGR during the forecast period.
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Competitive Landscape
The major market players operating in the global recycled construction aggregates market as identified by MRFR are Delta Sand & Gravel (US), CEMEX (Mexico), Aggregate Industries Management Inc. (US), Heidelbergcement AG (Germany), Green Stone Materials (US), and LafargeHolcim Ltd (Switzerland) and others.
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.
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