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Recycled Construction Aggregates Market Poised For Considerable Growth Due To Rising Infrastructure Projects

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Recycled Construction Aggregates Market Poised For Considerable Growth Due To Rising Infrastructure Projects

The recycled construction aggregates market refers to the production of aggregates through the processing of construction and demolition waste (CDW) materials such as asphalt, rubble, concrete and inert materials like bricks, tiles etc, which are generated during construction activities. These materials are excavated and crushed to produce a wide variety of aggregate sizes which can be used in concrete production, paving bricks, road base and sub-base applications. Recycled aggregates help reduce the use of natural aggregate and lower costs for construction projects by providing an alternative to quarried virgin aggregates.

The global recycled construction aggregates market is estimated to be valued at US$ 54 Bn in 2024 and is expected to exhibit a CAGR of 8.5% over the forecast period 2024 to 2031.


Key Takeaways


Key players operating in the recycled construction aggregates market are Apotheek Zur Rose, Viataal, Stichting De Apothekerscoöperatie, Holland Pharma. These players are focusing on strategic partnerships and acquisitions to expand their business operations globally. For instance, in 2022, Apotheek Zur Rose acquired a majority stake in Euro Apotheeka Group to strengthen its market position in Central and Eastern Europe.


The Recycled Construction Aggregates Market Demand offers significant opportunities with growing infrastructure development projects in developing nations of Asia Pacific and Latin America. Government regulations promoting waste minimization and sustainability are also fueling market demand.


Key players are eyeing opportunities in global regions with high construction activity such as China, India and Southeast Asia. For example, Viataal has expanded production capacity in India through a joint venture with local player Vallabh Plastofil to cater to the booming Indian infrastructure sector.


Market Drivers


- Rising infrastructure development projects globally owing to rapid urbanization is a key driver for recycled construction aggregates demand. Mega projects such as high speed rail networks, road and highway expansions are boosting volume growth.


- Government policies and regulations mandating the use of recycled aggregates in public construction works is positively impacting the market. Economic and environmental benefits of recycled materials is encouraging stricter norms.


Market Restraints


- Issues with quality consistency of recycled aggregates compared to virgin materials remains a major challenge restricting widespread commercial adoption. Composition varies with source of waste.


- Lack of specialised recycling technologies and required waste segregation infrastructure in emerging nations hinders market potential in these regions. High initial investments peg back small players.

Segment Analysis


The recycled construction aggregates market can be segmented based on type which includes crushed stone, gravel, sand & dust, and recycled concrete. Among these, the crushed stone segment dominates the market with over 35% share due to its extensive usage in construction of buildings, roads, and highways. The crushed stone provides strength and durability for construction works. The gravel segment holds second position owing to its cost effectiveness and widespread availability.


Global Analysis


Regionally, Asia Pacific dominates the global recycled construction aggregates market with a share of around 30%. Rapdily growing construction activities in countries such as India and China are driving the market growth in the region. Europe stands at second position with major demand coming from countries like UK, Germany, and France. Presence of stringent regulations regarding waste management and sustainability are positively impacting the recycled construction aggregates market in Europe. North America is also among the key regional markets backed by supportive government initiatives to promote waste reduction. Key players are focusing on expansion in emerging regions through facility investments and collaborations.

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