Recycled Concrete Aggregate Market Expected to Reach USD 19,500.1 Million by 2033 with 8.0% CAGR | FMI Reports

Recycled Concrete Aggregates - Recycling Concrete- Fibo Intercon

The global recycled concrete aggregates market is projected to expand at a CAGR of 8.0% during the forecast period, with the total market size expected to grow from USD 9,053.7 million in 2023 to USD 19,500.1 million by 2033.

The increasing demand for sustainable construction practices is a key factor driving the global market. Additionally, the growing preference for eco-friendly building materials will further boost the demand for recycled concrete aggregates.

Rapid urbanization and rising construction activities worldwide are also contributing to market growth. Builders and contractors are increasingly utilizing recycled concrete aggregates for constructing new roads and other structures, further propelling the market.

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Recycled concrete aggregates have become ideal alternatives to virgin ones due to their various advantages. These aggregates are inexpensive, durable, and eliminate need for mining. They are being increasingly used for various construction applications.

Increasing trend of using recycled concrete aggregates in the thriving building & construction industry will boost the global market. Rising environmental concerns will also play a key role in fueling recycled concrete aggregate sales over the next ten years.

Gravel and crushed stone hold dominating shares by weight in the overall concrete aggregates market owing to their extensive applications in fills, concrete manufacturing, and low cost

Key Takeaways from the Recycled Concrete Aggregates Market:

  • The global market for recycled concrete aggregates is projected to expand at 0% CAGR through 2033.
  • By application, road & pavement is expected to remain a prominent segment accounting for more than 65% of the overall market.
  • By product type, gravel and crushed stone segment is anticipated to progress at 6% CAGR during the forecast period.
  • Asia Pacific market is forecast to expand at a robust CAGR of 5% through 2033.
  • China recycled concrete aggregates industry is likely to exhibit a CAGR of 4% from 2023 to 2033.

“The increasing demand for sustainable and eco-friendly construction materials will continue to boost the global recycled concrete aggregates industry. Manufacturers are likely to find significant growth opportunities in developing concrete aggregates that are inexpensive and durable, targeted at rapidly urbanizing demographics across the globe.” – says a lead Future Market Insights (FMI) analyst

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Who is Winning?

Heidelberg Cement AG, CEMEX SAB de CV, Vulcan Material Company, LafargeHolcim Ltd., CRH Plc, Tarmac Group, Top Grade Site Management LLC, Southern Crushes Concrete, LLC, Big city crushed concrete are few of the leading companies operating in the recycled concrete aggregates industry.

Key companies are employing various organic and inorganic strategies to boost their revenues and expand their presence. This includes partnerships, acquisitions, collaborations, and facility expansions. For instance,

  • In July 2021, U.S. Concrete was acquired by Vulcan Material Company.
  • In March 2023, Seqens and Holcim partnered to build the world’s first fully recycled concrete building called Recygenie.

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More Insights into the Recycled Concrete Aggregates Market Report

In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the global recycled concrete aggregates market, providing historical data from 2018 to 2022 and forecast statistics for the period 2023 to 2033. To understand the global market potential, growth, and scope, the market is segmented based on product type, form, application, end use, and region.

Recycled Concrete Aggregates Market Segmentation

By Product Type:

  • Sand
  • Gravel and Crushed Stone
  • Cement Concrete
  • Asphalt Pavement Debris

By Form:

  • Unprocessed
  • Processed

By Application:

  • Roads & Pavement
  • Bridges
  • Bulk Fills & Riverbank Protection
  • Concrete Manufacturing
  • Others

By End Use:

  • Residential
  • Non-residential

By Region:

  • North & Central America
  • South America
  • Northern Europe
  • Southern & Western Europe
  • CIS & Eastern Europe
  • Middle East
  • Africa
  • Asia Pacific

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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