The global recycled concrete aggregates market is poised for significant growth, projected to expand at a robust CAGR of 8.0% during the forecast period. This growth is expected to propel the market size from approximately USD 9,053.7 million in 2023 to an impressive USD 19,500.1 million by 2033. The increasing emphasis on sustainable construction practices and the rising demand for eco-friendly building materials are driving the adoption of recycled concrete aggregates. These aggregates not only help reduce environmental impact by diverting waste from landfills but also offer cost-effective alternatives to traditional materials, making them an attractive option for various construction projects.
Growing demand for sustainable construction practices is emerging as a key factor boosting the global market. Similarly, rising inclination towards using eco-friendly building materials will fuel recycled concrete aggregate demand.
Rapid urbanization along with increasing construction activities globally is another factor that is boosting the market. Builders and contractors are utilizing recycled concrete aggregates for the construction of new roads and other structures.
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
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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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
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