The global market for recycled concrete aggregates has several opportunities for growth and development. One of the main opportunities is the increasing demand for sustainable construction materials and practices.
The global recycled concrete aggregates market size is projected to expand at 8.0% CAGR during the forecast period. The total market size is likely to increase from US$ 9,053.7 million in 2023 to US$ 19,500.1 million by 2033.
Growing demand for sustainable construction practices is emerging as a key factor boosting the global market. Similarly, the rising inclination towards using eco-friendly building materials will fuel recycled concrete aggregate demand.
Rapid urbanization along with increasing construction activities globally is another factor that is boosting the market. Builders and contractors are utilizing recycled concrete aggregates for the construction of new roads and other structures.
Recycled concrete aggregates have become ideal alternatives to virgin ones due to their various advantages. These aggregates are inexpensive, durable, and eliminate the need for mining. They are being increasingly used for various construction applications.
The increasing trend of using recycled concrete aggregates in the thriving building & construction industry will boost the global market. Rising environmental concerns will also play a key role in fueling recycled concrete aggregate sales over the next ten years.
Gravel and crushed stone hold dominating shares by weight in the overall concrete aggregates market owing to their extensive applications in fills, concrete manufacturing, and low-cost
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Key Takeaways from the Recycled Concrete Aggregates Market:
“The increasing demand for sustainable and eco-friendly construction materials will continue to boost the global recycled concrete aggregates industry. Manufacturers are likely to find significant growth opportunities in developing concrete aggregates that are inexpensive and durable, targeted at rapidly urbanizing demographics across the globe.” – says a lead Future Market Insights (FMI) analyst
Competitive Landscape in Recycled Concrete Aggregates Market
Key Companies Profiled
Key companies are employing various organic and inorganic strategies to boost their revenues and expand their presence. This includes partnerships, acquisitions, collaborations, and facility expansions.
For instance,
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More Insights into the Recycled Concrete Aggregates Market Report
In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the global recycled concrete aggregates market, providing historical data from 2018 to 2022 and forecast statistics for the period 2023 to 2033. To understand the global market potential, growth, and scope, the market is segmented based on product type, form, application, end-user, and region.
Recycled Concrete Aggregates Market Segmentation
By Product Type:
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market.
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Feb 09, 2024