Construction Aggregates Market in US Size to grow by USD 17140.28 million between 2024-2028
According to a research report “ Construction Aggregates Market in US” by Product (Crushed stone, Sand, gravel) Type (Coarse, Fine) End-user (Non-building, Residential, Non-residential) Geography (North America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 17140.28 million, at a CAGR of 8.36% during the forecast period. The construction aggregates market in the US has witnessed robust growth, driven primarily by the surge in infrastructure development. Factors fueling this expansion include increased government spending on infrastructure projects, population growth, and urbanization. Notably, the transportation sector has seen significant investment, with the US administration committing USD2 trillion towards infrastructure development. This investment aims to enhance various transportation projects, including road and bridge improvements, public transit expansion, and modernization of airports.
Browse market data tables, figures, and in-depth TOC on “Construction Aggregates Market in US” by Product (Crushed stone, Sand, gravel) Type (Coarse, Fine) End-user (Non-building, Residential, Non-residential) Geography (North America) Global Forecast to 2028. Download Free Sample
By Product, the Crushed stone segment is projected to dominate the market size in 2024
Coarse aggregates, comprised of materials such as gravel, crushed stone, or recycled concrete, serve essential functions in the US construction industry. Primarily used in foundation construction, drainage systems, road and highway development, and concrete production, these larger-sized particles provide crucial stability and strength. In road and highway construction, layers of various sizes of coarse aggregates are employed to create a robust base, ensuring adequate drainage and resistance to damage from water accumulation and freeze-thaw cycles. Additionally, coarse aggregates play a pivotal role in the building of foundations for various structures, contributing to their structural integrity.
By Type, Coarse segment is expected to hold the largest market size for the year 2024
In the US construction industry, crushed stone plays a pivotal role as a major construction aggregate, accounting for approximately 76% of its total consumption in 2021, amounting to 1,066.48 MMT. Primarily used in road construction and maintenance, crushed stone is also integral to the preparation of concrete, residential driveways, paths, and walkways. Additionally, it finds significant application in the construction of drainage systems, acting as a filler material. The US, being the largest producer of crushed stone, caters to the high demand from the construction sector, with a production volume of 1,491.36 MMT in 2021.
North America is forecasted to hold the largest market size by region in 2024
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The Construction Aggregates Market in US growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The Construction Aggregates Market in the US is a significant sector, driven by the demand for raw materials in infrastructure projects such as rail networks, highways, airports, dams, and bridges. Aggregates, including gravel, sand, crushed stone, and manufactured sand, are essential components of these structures. The modernization of railways and roadways necessitates the continuous supply of these materials. However, environmental concerns have become a crucial factor in the market. Stringent mining laws and regulations aim to mitigate the impact of mining on natural sediments and soil erosion control. Natural sand is being gradually replaced by manufactured sand to reduce the environmental footprint. Industrialization and urbanization have led to an increase in the demand for construction aggregates in the US. They are used as foundation materials, water filtration systems, and in the production of composite materials. The market is expected to grow further due to the ongoing infrastructure development and the increasing focus on sustainability in the construction industry. In conclusion, the Construction Aggregates Market in the US is a vital sector, driven by infrastructure projects and industrialization. The market is subject to environmental regulations and is evolving to meet the demand for sustainable and eco-friendly alternatives. The future of the market lies in the continuous innovation and adoption of modern technologies to meet the evolving needs of the construction industry.
Market Research Overview
The Construction Aggregates market in the US is experiencing significant growth due to the increasing demand from various sectors such as data centers, distribution centers, warehouses, and commercial structures in urban areas. The road construction industry, utilities, energy, and infrastructure projects are major consumers of aggregates, including sand and gravel, crushed stone, and asphalt. The demand for aggregates is driven by the construction of roads, rail networks, highways, airports, and other transportation infrastructure. Environmental concerns have led to the increased use of manufactured sand and natural sediments for soil erosion control and water filtration systems. Moreover, the modernization of existing structures and the construction of new dwellings, megacities, and smart cities require large quantities of aggregates for flooring and roofing, building blocks, concrete, and cement. The use of smart aggregates, such as those with enhanced properties for energy absorption, sound insulation, and thermal insulation, is also gaining popularity. However, the market is facing challenges such as termination of contracts, raw material availability, inflation, and stringent mining laws. The construction of dams, bridges, seawalls, and other infrastructure projects also requires large quantities of aggregates, adding to the demand. Overall, the Construction Aggregates market in the US is expected to continue its growth trajectory due to the increasing urbanization, industrialization, and infrastructure development.
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