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The US construction aggregates market size is forecast to increase by USD 17.14 billion at a CAGR of 8.36% between 2023 and 2028. The construction aggregates market in the US is experiencing significant growth due to several key factors. Firstly, increasing investment by the government for infrastructure development projects is driving the demand for construction aggregates. Secondly, technological advancements in construction techniques and construction materials are leading to the increased usage of these aggregates in various applications. Lastly, fluctuating material costs are posing a challenge for market participants, necessitating the need for cost-effective production and supply strategies. Overall, the market is expected to witness steady growth in the coming years, fueled by these trends and challenges.
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The market in the US is witnessing significant growth due to the increasing demand for foundation materials, composite materials, and infrastructure projects. Natural sediments such as sand, gravel, and crushed stone are the primary raw materials used in the production of construction aggregates. These materials are essential for various applications, including roadways, railways, bridges, dams, airports, and urbanization projects. The use of construction aggregates extends beyond foundation materials, with applications in water filtration and soil erosion control. The market is driven by industrialization and urbanization, which have led to an increase in infrastructure development. However, the market faces challenges from stringent mining laws and environmental concerns.
The US construction aggregates market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The Crushed stone segment is estimated to witness significant growth during the forecast period. Construction aggregates, primarily composed of crushed stone, sand, and gravel, play a crucial role in various infrastructure projects in the US. In 2021, approximately 1,491.36 MMT of construction aggregates were consumed, with 76% of it being crushed stone. The primary applications of crushed stone include road construction and maintenance, accounting for a significant portion of its demand. Urbanization and industrialization have fueled the need for crushed stone in the construction of residential driveways, paths, and walkways. Additionally, it serves as a vital raw material in the production of cement, concrete, building blocks, flooring, and roofing. Crushed stone aggregates also find extensive use in water filtration and soil erosion control.
Furthermore, the US, being the largest producer of crushed stone, caters to the high demand from the infrastructure sector, particularly in the construction of roads, railways, bridges, dams, airports, and other transportation infrastructure. Stringent mining laws and modernization of the industry have ensured the availability of high-quality aggregates. Moreover, the shift toward smart cities and megacities necessitates the use of advanced materials such as composite materials and smart aggregates. These materials offer enhanced properties, including improved durability, strength, and sustainability. However, inflation, termination of contracts, and environmental concerns pose challenges to the growth of the construction aggregates market in the US.
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The crushed stone segment was valued at USD 16.84 billion in 2018 and showed a gradual increase during the forecast period.
Our market researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The increasing investment by the government in infrastructure development is the key driver of the market. The construction aggregates market in the US has witnessed notable growth due to the rise in infrastructure development. Factors such as increased government spending on infrastructure projects, population growth, urbanization, and industrialization have contributed to this trend. One sector that has particularly benefited from this growth is transportation. The US government has allocated substantial resources towards upgrading and expanding its transportation infrastructure, including roads, bridges, and airports.
Furthermore, construction aggregates, including natural sediments like sand and gravel, as well as manufactured sand, are essential raw materials for foundation materials, composite materials, cement, concrete, building blocks, flooring, and roofing. They are also used in water filtration and soil erosion control. The construction of roads, railways, bridges, dams, and airports requires large quantities of aggregates. However, the construction aggregates market faces challenges such as stringent mining laws, termination of contracts, and environmental concerns. The use of smart aggregates, such as those infused with cement or other additives, offers potential solutions to address these challenges and enhance the overall quality of life in smart cities and megacities.
The technological advancements in construction techniques and materials is the upcoming trend in the US construction aggregates market. The construction aggregates market in the US has witnessed significant advancements, transforming the way natural sediments are sourced, processed, and utilized in various sectors. These innovations have led to increased efficiency, sustainability, and cost-effectiveness in foundation materials, composite materials, and soil erosion control. Technological advancements include the adoption of modern construction machinery and equipment in aggregate extraction and processing. For instance, automated excavators and loaders in quarries ensure precise extraction, reducing manual labor, enhancing productivity, and ensuring safer working conditions. Advanced crushers, screens, and sorters enable more effective processing and separation, yielding higher-quality aggregates and minimizing waste. Infrastructure projects, such as the construction of roads, railways, bridges, dams, airports, and urbanization, have benefited from these advancements.
However, factors like inflation, termination of contracts, and stringent mining laws pose challenges. The use of smart aggregates, such as cement, concrete, building blocks, flooring and roofing, and smart cities, megacities, and transportation infrastructure, further highlights the market's growth. Environmental concerns, including water filtration and soil erosion control, are being addressed through the development of eco-friendly aggregates. Key raw materials include natural sand, manufactured sand, and crushed stone, gravel. The market's future growth is expected to be driven by infrastructure development, urbanization, industrialization, and modernization.
The fluctuating material costs is a key challenge affecting US construction aggregates market growth. The market in the US has experienced significant fluctuations due to varying material costs, impacting industry operations and profitability. Factors influencing these costs include supply and demand dynamics, transportation expenses, and market conditions. Commodity prices, which affect the cost of raw materials such as fuel, steel, and chemicals used in the production of aggregates like sand, gravel, and crushed stone, are a major contributor to this volatility. Urbanization and industrialization, driven by infrastructure projects, have increased the demand for construction aggregates in various applications, including foundation materials, water filtration, soil erosion control, and composite materials for building blocks, flooring, and roofing.
However, stringent mining laws, termination of contracts, and environmental concerns have added complexity to the market. Modernization and the use of smart aggregates, such as cement, concrete, and crushed stone, in the construction of roads, railways, bridges, dams, airports, and other transportation infrastructure, have also influenced market trends. Despite these challenges, the construction aggregates market continues to play a crucial role in enhancing the quality of life in smart cities and megacities by facilitating the development of infrastructure projects, such as highways, rail networks, and transportation infrastructure.
The US construction aggregates market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the US construction aggregates market growth analysis report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Anglo American plc: The company offers construction aggregates such as sand and gravel, ready mied concrete, mortar and screeds, and more.
The US construction aggregates market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The US construction aggregates market is experiencing substantial growth due to the expanding urbanization and industrialization, resulting in a surge of infrastructure projects. Aggregates, comprised of natural sediments like sand, gravel, and crushed stone, serve as vital components for foundation materials, composite materials, and various construction applications. These materials are integral to the manufacturing of cement, concrete, building blocks, flooring and roofing, and the construction of roadways, railways, bridges, dams, airports, and other transportation infrastructure. The demand for construction aggregates is fueled by the necessity of infrastructure development in smart cities and megacities. Furthermore, modernization and the adoption of advanced technologies have led to the production of manufactured sand and the use of composite materials, providing alternatives to natural sand and reducing the environmental impact.
Infrastructure projects, including highway networks and rail networks, are significant consumers of construction aggregates. The demand for aggregates in the US is expected to remain strong due to ongoing infrastructure development and the need for sustainable and eco-friendly construction materials. However, the market faces challenges such as inflation, strict mining regulations, contract terminations, and environmental concerns. Moreover, the adoption of smart aggregates, such as manufactured sand and recycled aggregates, is on the rise due to their sustainability and cost-effectiveness. The construction of roads, highways, and rail networks continues to be a significant end-user industry for construction aggregates. Additionally, modernization trends are emerging, with a growing emphasis on utilizing advanced materials like cement and concrete in infrastructure projects. Water filtration and soil erosion control are other applications of construction aggregates, offering potential for market expansion.
Market Scope |
|
Report Coverage |
Details |
Page number |
155 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.36% |
Market growth 2024-2028 |
USD 17.14 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
8.08 |
Key companies profiled |
Anglo American plc, Arcosa Inc., Boral Ltd., Buzzi SpA, Carmeuse Coordination Center SA, Cementir Holding NV, CEMEX SAB de CV, CRH Plc, EUROCEMENT Group, Fisher Sand and Gravel Co., HeidelbergCement AG, Holcim Ltd., Irving Materials Inc., LSR Group, Martin Marietta Materials Inc., Rogers Group Inc., RW Sidley Inc., Top Grade Site Management LLC, Vicat, and Vulcan Materials Co. |
Market dynamics |
Parent market analysis, market growth inducers and obstacles,market forecast , fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
Customization purview |
If our US construction aggregates market forecast report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this US construction aggregates market research and growth report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Type
8 Market Segmentation by End-user
9 Customer Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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