SOURCE: MarketResearch.com

MarketResearch.com

February 21, 2012 06:08 ET

Market Research Projects Construction Aggregates Market Growth at 5.2% CAGR Through 2015

ROCKVILLE, MD--(Marketwire - Feb 21, 2012) - MarketResearch.com has announced the addition of the new report "World Construction Aggregates," to their collection of Construction market reports. For more information, visit http://www.marketresearch.com/Freedonia-Group-Inc-v1247/Construction-Aggregates-6774139/

The worldwide market for construction aggregates is expected to increase 5.2 percent per year through 2015 to 48.3 billion metric tons. This represents a slower rate of growth than during the 2005-2010 period, reflecting a moderation in aggregates-intensive nonbuilding construction activity. Nevertheless, demand for construction aggregates will still post solid gains from 2010 to 2015. The Asia/Pacific region will register the largest increases in product sales, as nonbuilding, nonresidential building and residential building construction activity will all rise rapidly, particularly in China, India and Indonesia. China alone will account for half of all new aggregates demand worldwide, and the Asia/Pacific market will account for more than seven tenths of global growth during the 2010-2015 period.

The Eastern Europe and Africa/Mideast regions are also expected to undergo sizable expansion in consumption of construction aggregates, stimulated by infrastructure development projects and strong growth in general economic activity. While the Central and South American market will climb at a somewhat slower pace, aggregates suppliers will benefit from solid gains in regional construction spending.

Expansions in demand in developed parts of the world -- the US, Canada, Japan, Western Europe, South Korea and Australia -- will not be as strong as in most industrializing areas. This is primarily due to the already well-developed and extensive infrastructures found in these countries and construction methods that tend to utilize less concrete. However, most developed world markets, driven by an acceleration in GDP growth and sharp rebounds in construction spending in North America and Western Europe, will post solid gains after contracting between 2005 and 2010.

Demand for crushed stone, sand and gravel products will all grow just over five percent per year through 2015. As in 2010, sand will continue to make up the largest portion of global sales, followed closely by crushed stone and then gravel. Due to more restrictive land use and environmental regulations, as well as the depletion of natural aggregates reserves, sales of recycled, secondary and other aggregates will climb at an above average pace during the 2010-2015 period. However, despite expanding 7.1 percent per year over this span, these products will continue to play a rather small role in world aggregates markets due to quality concerns and the limited availability of feed material.

For more information, visit http://www.marketresearch.com/Freedonia-Group-Inc-v1247/Construction-Aggregates-6774139/

About MarketResearch.com

MarketResearch.com is the leading provider of global market intelligence products and services. With over 300,000 research reports from more than 700 top consulting and advisory firms, MarketResearch.com offers instant online access to the world's most extensive database of expert insights on global industries, companies, products, and trends. For more information, call Veronica Franco at 240-747-3016 or visit www.MarketResearch.com.

Contact Information

  • Contact:
    Veronica Franco
    MarketResearch.com
    Email Contact
    240.747.3016