Recycled Construction Aggregates Market 2030 | The report analyzes competitive developments, market growth, and top companies in the market through 2030

By Laura Campbell On Sep 10, 2022

Torrance, California, USA -As per MarkWide Research’s latest study, Recycled Construction Aggregates Market within the forecast period (2022 – 2030), the industry is expected to grow at a CAGR of 6.64%.

The term recycled aggregates is used to describe concrete or asphalt pavement that has been crushed from construction debris and is repurposed to be used in other projects and building projects.

Roads, parking lots, runways and asphalt pavement can all be collected for asphalt pavement, while bridges, sidewalks, and roads can all be collected for cement concrete pavement. These recycled aggregates can be used to construct a bicycle path, a pavement shoulder, or a variety of other construction related projects after they have been collected and processed.

In the construction sector, recycling materials is considered to be a sustainable practice that promotes a healthier environment. Among other benefits, it has the ability to reduce the need for virgin aggregates, reduce the amount of energy being consumed, reduce the amount of waste going to landfills, and reduce the amount of emissions. This type of construction is not only good for the environment, but it also presents a great opportunity for cost savings, as well as the possibility of gaining LEED credits as a result of the use of aggregate materials.

The recycled construction aggregates market represents one of the most significant alternatives to new construction materials

As a highly viable option for the construction industry to meet the demand for sand, gravel, crushed rock & stones and other construction aggregates, recycled construction aggregates are one of the most feasible options. Mined materials and concrete are used in the construction of road, rail, bridge, residential buildings, and commercial complexes across the globe as well as for the construction of warehouses and factories. Natural resources are being continuously extracted, which is resulting in the loss of non-renewable sources of energy at an alarming rate.
There have been a number of construction activities occurring across the world, resulting in the accumulation of a large amount of concrete, gravel, and debris. It is a wise decision to recycle these essential materials, such as concrete and gavels, prior to the construction of a residential or commercial building in order to cater to the demand for these materials.
Compared to conventional methods of construction of buildings, commercial spaces, and infrastructure, the construction industry has made a shift from using conventional materials to using recycled materials. During the forecast period, companies that are active in the recycled construction aggregates market will likely be able to pursue lucrative opportunities as a result of this trend.

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Recycled Construction Aggregates Market: Key Drivers and Trends

The term “recycled construction aggregates” refers to a wide range of materials including crushed stones, cement concrete, sand, and gravel, all of which are recycled. In the residential construction industry as well as other infrastructure projects, this type of alternative resource has become an essential and effective solution. In the forecast period, recycled construction aggregates are expected to be in high demand across the globe due to the rapid expansion of the construction industry across the globe.
The rapid urbanization that is occurring in many countries is resulting in an increase in the demand for modern architectural designs for the construction of private and commercial buildings. Over the next few years, it is expected that the demand for eco-friendly recycled construction aggregate materials will increase as a result of this trend.
In the United States, Canada, and Germany, the government is emphasizing on reducing the extraction of natural resources such as sand & gravel, crushed stone, and other natural materials as a means to protect the environment from damage across the country by reducing the amount of natural resources that are being extracted. In the next few years, this region will see the development of recycled construction aggregates as a result of strong compliance policies that have been enacted there.

The infrastructure segment of the economy is expected to offer attractive opportunities in the future

In terms of end-uses, the reclaimed construction aggregate market can be categorized into three categories: residential, commercial, and infrastructure. It has recently become more popular to use recycled construction aggregate in infrastructure projects, especially in the construction of roads and bridges, as a preferred material. Construction projects involving the construction of infrastructure have given a boost to the use of recycled construction materials.
In addition to the construction of smart cities, smart buildings, and other infrastructure projects, development projects mainly include the construction of smart buildings. Within the forecast period, it is expected that there will be an increase in the demand for recycled construction aggregates.

High Capital Investment and Lack of Awareness to Hamper Market

There are a number of factors that are likely to challenge the growth of the recycled construction aggregates market throughout the forecast period. In order to establish a recycling plant, a large amount of capital investment is required. New players in the market may find it difficult to gain entry into the market as a result of this.
A significant amount of awareness is needed among the large population about the use of recycled materials for residential and non-residential construction before recycled construction aggregates can be accepted into the construction industry. As a matter of fact, there is a lack of awareness regarding the use of recycled construction aggregates in the near future, which is likely to hinder the market.

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Recycled Construction Aggregates Market Major Players Covered:

Green Stone Materials (US)
Delta Sand & Gravel (US)
Heidelbergcement AG (Germany)
Aggregate Industries Management Inc. (US)
CEMEX (Mexico)

Recycled Construction Aggregates Market Segmentation Analysis:

Product Type

Crushed Stone
Sand & Gravel
Cement Concrete
Asphalt Pavement Debris

End-User

Residential
Commercial
Infrastructure

Recycled Construction Aggregates Market Geographical Segmentation Includes:

North America
Europe
Asia Pacific
South America
The Middle East & Africa

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Published Sat, 10 Sep 2022 06:54:24 -0500