Fior Markets launched a study titled “Recycled Construction Aggregates Market by Type (Crushed Stone,Sand & Gravel, Cement Concrete, Others), End Use, Regions”,and Global Forecast 2018-2025.
The global recycled construction aggregates market is expected to grow from USD XX.XX Million in 2017 to USD XX.XX Million by 2025, at a CAGR of X.XX% during the forecast period from 2018-2025.Swift pace of urbanization and introduction of new standards for recycling and reuse of construction and demolition waste in drainage, building, roads, and other construction projects in the European Union are the factors that are propelling the growth of global recycled construction aggregates market.
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The crushed stone segment led the market with a 37.63% share of market revenue in 2017
Type segment is divided into crushed stone, cement concrete, asphalt &pavements debris, and sand & gravel. Due to their relative cost-effectiveness and widespread use for providing a solid and firm base forthe driveways, footpaths, and car parking, the crushed stone segment emerged as the leader in global recycled construction aggregates market with a 37.63% share of market revenue in 2017.
The roads & bridges segment led the market with a 42.82% share of market revenue in 2017
End use is segmented into residential, roads & bridges, and industrial. Road and bridges segment emerged as the largest end use segment with a 42.82% share of market revenue in 2017. Factors such as growing investment on the development of highway network in the Asia Pacific and North America region as well as rising use of recycled asphalt were the driving factors behind this increased market share.
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Regional Segmentation Analysis:
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. Due to increase in the housing development, redevelopment of old structures, highway development activities coupled with rising acceptance of recycled aggregate materials, the Asia Pacific region led the global recycled construction aggregatesmarket with a 39.92% share of market revenue in 2017.
Although the factors such as favorable government regulations, increasing emphasis on environmental sustainability within the construction industry and increase in the construction and redevelopment activities around the world are driving the global recycled construction aggregates market, the Lack of proper construction waste handling systems and fragmented nature of recycling industry are anticipated to hamper the growth of the market.
Major players in the global recycled construction aggregates market are Delta Sand & Gravel Co., HeidelbergCement AG, Aggregate Industries Management, Inc., Green Stone Materials, CEMEX, Vulcan Materials Company, CESPA, LafargeHolcim Ltd., CRH Plc., Tarmac, CNBM, Saint Gobain, Taiheiyo, Vicat Group, Etex Group, Boral Asia Cement, China Resources Cement Holdings, and among others.
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