As per the report published by Fior Markets, 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.The Asia Pacific region emerged as the leader in global demand for the recycled construction aggregates with a 39.92% share of market revenue in 2017.
“Recycled Construction Aggregates Market by Type (Crushed Stone,Sand & Gravel, Cement Concrete, Others), End Use, Regions”,and Global Forecast 2018-2025.
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Major players in the global recycled construction aggregatesmarket 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. Recycled construction aggregates are increasingly being utilized in the road construction in order to have energy and control air pollution. For instance Public Works Department of Delhi, India in 2018, announced its decision to ‘Recycled Asphalt Material’ (RAP) which is largely produced during highway maintenance and construction for all the upcoming PWD road projects within the National Capital Region.
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 for the 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.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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Even though 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.
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