세계의 골재 시장 규모는 2022년에 5,074억 6,000만 달러로 평가되며, 2023년 5,349억 5,000만 달러에서 2031년에는 8,373억 달러로 성장하며, 예측 기간(2024-2031년)의 CAGR은 5.72%로 성장할 전망입니다.
건설 골재는 세계에서 가장 광범위하게 채굴되는 상품으로 아스팔트, 콘크리트 등 주요 재료에서 중요한 역할을 하고 있습니다. 석회암, 화강암 등 천연 광상에서 채굴되는 이 골재는 도로, 공항, 철도 등 인프라 구축과 수질 정화, 토양 침식 방지 등 환경적 용도에 필수적입니다. 전 세계 도시화 추세는 인프라 및 교통 시설에 대한 투자 증가로 건설용 골재 수요를 크게 촉진하고 있습니다. 그러나 COVID-19 팬데믹은 이 시장을 혼란에 빠뜨렸고, 수요 감소와 정부 규제로 인해 제조업체들이 생산 중단과 조정을 단행하고 있습니다. 아시아태평양에서는 이러한 도전으로 인해 비즈니스 역학이 불안정해져 골재 시장의 회복과 안정화를 위한 노력이 복잡해지고 있습니다.
Global Aggregates Market size was valued at USD 507.46 billion in 2022 and is poised to grow from USD 534.95 billion in 2023 to USD 837.3 billion by 2031, growing at a CAGR of 5.72% in the forecast period (2024-2031).
Construction aggregates represent the most extensively mined commodity worldwide, playing a crucial role in key materials like asphalt and concrete. Sourced from natural deposits such as limestone and granite, these aggregates are vital for infrastructure development, including roads, airports, and railroads, as well as for environmental applications like water purification and soil erosion prevention. The global urbanization trend has significantly spurred demand for construction aggregates, driven by rising investments in infrastructure and transport facilities. However, the COVID-19 pandemic has disrupted this market, causing production halts and operational adjustments among manufacturers due to decreased demand and government-imposed restrictions. In the Asia Pacific region, these challenges have resulted in volatile business dynamics, complicating efforts for recovery and stability in the aggregates market.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Aggregates market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Aggregates Market Segmental Analysis
Global Aggregates Market is segmented by Product Type, Application, End User and region. Based on Product Type, the market is segmented into Crushed stone, sand, gravel, others. Based on Application, the market is segmented into Concrete, road based, coverings, others. Based on End User, the market is segmented into Residential, Commercial, Industrial. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Driver of the Global Aggregates Market
The Global Aggregates market is significantly influenced by various drivers, notably the trend of urbanization, as more individuals are moving to urban areas to access enhanced social and economic advantages. This shift is evident in both developed and developing nations, leading to increased demand for better housing, transportation, education, health care, and other essential services. Consequently, there is a heightened need for land development aimed at commercial, residential, and infrastructure projects. Additionally, government-led infrastructure initiatives and maintenance projects further stimulate demand for aggregates, as robust infrastructure is crucial for trade, industrial growth, job connectivity, and community resilience amidst environmental challenges.
Restraints in the Global Aggregates Market
The global aggregates market faces significant restraints primarily due to the elevated transportation costs associated with construction aggregates, which can constitute about 50% of total administrative expenses. This financial burden is anticipated to hinder market growth throughout the forecast period. Additionally, stringent zoning regulations and restrictions on aggregate extraction in densely populated regions are further expected to impede market expansion. The process of obtaining the necessary permissions for mining sites can be prolonged and complex, often taking years to navigate due to environmental regulations, zoning ordinances, and land development laws, creating additional challenges for market participants.
Market Trends of the Global Aggregates Market
The global aggregates market is witnessing a robust trend driven by urbanization, particularly in regions like India, where substantial infrastructural developments are underway. The push for over 100 smart cities reflects a significant escalation in construction activities, anticipated to surge demand for aggregates, as these materials are integral to building blocks when combined with cement, gypsum, and lime. Additionally, the evolving construction sector, propelled by government initiatives and urban planning, is likely to catapult the aggregates demand throughout the forecast period. As infrastructure projects multiply, the aggregates market is poised for rapid growth, presenting lucrative opportunities for stakeholders worldwide.