US - Construction Aggregates Market by Product, Type, and End-user - Forecast and Analysis 2024-2028
| Published: Oct 2023 | Pages: 155 | SKU: IRTNTR73070 |
US - Construction Aggregates Market 2024-2028
The US - construction aggregates market size is estimated to grow at a CAGR of 8.36% between 2023 and 2028. The market size is forecast to increase by USD 17,140.28 million. The growth of the market depends on several factors, such as the increasing investment by the government for infrastructure development and the rising emphasis on sustainable construction practices. Our report examines historical data from 2018-2022, besides analyzing the current market scenario.
This report extensively covers market segmentation by product (crushed stone, sand, and gravel), type (coarse and fine), and end-user (non-building, residential, and non-residential). It also includes an in-depth analysis of drivers, trends, and challenges.
What will be the size of the US Construction Aggregates Market During the Forecast Period?
US Construction Aggregates Market Forecast 2024-2028
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US Construction Aggregates Market Dynamic
Our researchers studied the data for years, with 2023 as the base year and 2024 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.
Driver- Rise emphasis on sustainable construction practices
The sustainable construction shift is driven by factors such as environmental situations, resource starvation, and government regulations encouraging sustainability. One important factor driving the focus on sustainable construction practices is the rising awareness of environmental impact. Moreover, construction activities can have negative effects on the environment, such as habitat destruction, pollution, and carbon emissions. Thus, there is a rising demand for construction aggregates that are sourced and produced in an environmentally responsible manner.
Moreover, another factor contributing to the emphasis on sustainability is resource scarcity. Furthermore, the adoption of sustainable construction practices can also have economic benefits. Hence, these factors are expected to increase the demand for construction aggregates, which will propel the growth of the US construction aggregates market during the forecast period.
Trends- Rise in adoption of new construction materials in US
Alternative materials, including concrete, steel, and wood, are being replaced or supplemented by innovative technologies offering enhanced performance, sustainability, as well as cost-effectiveness. Due to their lightweight, toughness, and environmentally friendly characteristics, materials, including engineered wood, recycled plastic, bio-based composites, and sophisticated polymers, are becoming more popular.
Moreover, new materials provide chances for increased building efficiency, decreased environmental impact, and greater energy efficiency. The US - construction aggregates market is predicted to experience significant change as a result of the raised focus on sustainable construction methods and innovative building materials, which is expected to drive the growth of the market in focus during the forecast period.
Challenge- Fluctuating material costs
Different factors such as the supply and demand dynamics, costs of transport, and market conditions are to be taken into consideration when determining prices for construction aggregates like sand, gravel, or crushed stone. One major factor contributing to fluctuating material costs is the volatility of commodity prices. The prices of raw materials used in the production of construction aggregates, such as fuel, steel, and chemicals, can fluctuate greatly due to factors like global supply and demand, geopolitical events, and economic conditions.
Besides, regulatory restrictions on aggregate extraction and land-use policies may limit the available sources, leading to increased competition and potential shortages, which can further drive up prices. Therefore, these factors are anticipated to decline the adoption of construction aggregates, which may impede the growth of the market during the forecast period.
US Construction Aggregates Market Segmentation by Product, Type, and End-user
Product Segment Analysis:
The crushed stone segment will account for a major share of the market's growth during the forecast period.? In road construction and maintenance, crushed stone is the predominant use of aggregate. In the construction of drainage systems, crushed stone construction aggregates are used as a filling material. The US is the largest producer of crushed stone as demand for it is very high from the construction industry.
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The crushed stone segment was valued at USD 16,848.59 million in 2018. The rise in disposable incomes coupled with the low mortgage rates has resulted in higher demand for housing in the US. As the construction activities in the US are rising along with higher government spending on road construction and maintenance, the demand for crushed stone construction aggregate is expected to grow significantly during the forecast period.
Type Segment Analysis
Based on type, the market has been segmented into coarse and fine. The coarse?segment will account for the largest share of this segment.?Coarse aggregates are larger-sized particles of materials like gravel, crushed stone, or recycled concrete. They are generally used in foundations, drainage systems, road and highway construction, and concrete production. One of the main applications of coarse aggregates is in the construction of roads and highways. These aggregates supply steadiness and strength to the road surface, allowing it to withstand heavy traffic loads and harsh environmental conditions. Thus, these factors are expected to increase the demand for coarse aggregates, which will propel the growth of the coarse segment in the US - construction aggregates market during the forecast period.
Who are the Major US Construction Aggregates Market Companies?
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.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
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.
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
Segment Overview
The US construction aggregates market report forecasts market growth by revenue and analyzes the latest trends and growth opportunities from 2018 to 2028.
- Product Outlook
- Crushed stone
- Sand and gravel
- Type Outlook
- Coarse
- Fine
- End-user Outlook
- Non-building
- Residential
- Non-residential
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US Construction Aggregates Market Scope |
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Report Coverage |
Details |
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Page number |
155 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 8.36% |
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Market Growth 2024-2028 |
USD 17,140.28 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
8.08 |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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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. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this US Construction Aggregates Market Report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the US construction aggregates market between 2024 and 2028
- Precise estimation of the US construction aggregates market size and its contribution to the market in focus on the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the market across US
- A thorough analysis of the market’s competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the growth of US construction aggregates market companies
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1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Country Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 07: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 08: Parent market
- Exhibit 09: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 10: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 11: Market segments
- 3.3 Market size 2023
- 3.4 Market outlook: Forecast for 2023-2028
- Exhibit 12: Chart on US - Market size and forecast 2023-2028 ($ million)
- Exhibit 13: Data Table on US - Market size and forecast 2023-2028 ($ million)
- Exhibit 14: Chart on US: Year-over-year growth 2023-2028 (%)
- Exhibit 15: Data Table on US: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
- 4.1 Construction aggregates market in US 2018 - 2022
- Exhibit 16: Historic Market Size – Data Table on construction aggregates market in US 2018 - 2022 ($ million)
- 4.2 Product Segment Analysis 2018 - 2022
- Exhibit 17: Historic Market Size – Product Segment 2018 - 2022 ($ million)
- 4.3 Type Segment Analysis 2018 - 2022
- Exhibit 18: Historic Market Size – Type Segment 2018 - 2022 ($ million)
- 4.4 End-user Segment Analysis 2018 - 2022
- Exhibit 19: Historic Market Size – End-user Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 20: Five forces analysis - Comparison between 2023 and 2028
- 5.2 Bargaining power of buyers
- Exhibit 21: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
- 5.3 Bargaining power of suppliers
- Exhibit 22: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
- 5.4 Threat of new entrants
- Exhibit 23: Threat of new entrants – Impact of key factors in 2023 and 2028
- 5.5 Threat of substitutes
- Exhibit 24: Threat of substitutes – Impact of key factors in 2023 and 2028
- 5.6 Threat of rivalry
- Exhibit 25: Threat of rivalry – Impact of key factors in 2023 and 2028
- 5.7 Market condition
- Exhibit 26: Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Product
- 6.1 Market segments
- Exhibit 27: Chart on Product - Market share 2023-2028 (%)
- Exhibit 28: Data Table on Product - Market share 2023-2028 (%)
- 6.2 Comparison by Product
- Exhibit 29: Chart on Comparison by Product
- Exhibit 30: Data Table on Comparison by Product
- 6.3 Crushed stone - Market size and forecast 2023-2028
- Exhibit 31: Chart on Crushed stone - Market size and forecast 2023-2028 ($ million)
- Exhibit 32: Data Table on Crushed stone - Market size and forecast 2023-2028 ($ million)
- Exhibit 33: Chart on Crushed stone - Year-over-year growth 2023-2028 (%)
- Exhibit 34: Data Table on Crushed stone - Year-over-year growth 2023-2028 (%)
- 6.4 Sand and gravel - Market size and forecast 2023-2028
- Exhibit 35: Chart on Sand and gravel - Market size and forecast 2023-2028 ($ million)
- Exhibit 36: Data Table on Sand and gravel - Market size and forecast 2023-2028 ($ million)
- Exhibit 37: Chart on Sand and gravel - Year-over-year growth 2023-2028 (%)
- Exhibit 38: Data Table on Sand and gravel - Year-over-year growth 2023-2028 (%)
- 6.5 Market opportunity by Product
- Exhibit 39: Market opportunity by Product ($ million)
- Exhibit 40: Data Table on Market opportunity by Product ($ million)
7 Market Segmentation by Type
- 7.1 Market segments
- Exhibit 41: Chart on Type - Market share 2023-2028 (%)
- Exhibit 42: Data Table on Type - Market share 2023-2028 (%)
- 7.2 Comparison by Type
- Exhibit 43: Chart on Comparison by Type
- Exhibit 44: Data Table on Comparison by Type
- 7.3 Coarse - Market size and forecast 2023-2028
- Exhibit 45: Chart on Coarse - Market size and forecast 2023-2028 ($ million)
- Exhibit 46: Data Table on Coarse - Market size and forecast 2023-2028 ($ million)
- Exhibit 47: Chart on Coarse - Year-over-year growth 2023-2028 (%)
- Exhibit 48: Data Table on Coarse - Year-over-year growth 2023-2028 (%)
- 7.4 Fine - Market size and forecast 2023-2028
- Exhibit 49: Chart on Fine - Market size and forecast 2023-2028 ($ million)
- Exhibit 50: Data Table on Fine - Market size and forecast 2023-2028 ($ million)
- Exhibit 51: Chart on Fine - Year-over-year growth 2023-2028 (%)
- Exhibit 52: Data Table on Fine - Year-over-year growth 2023-2028 (%)
- 7.5 Market opportunity by Type
- Exhibit 53: Market opportunity by Type ($ million)
- Exhibit 54: Data Table on Market opportunity by Type ($ million)
8 Market Segmentation by End-user
- 8.1 Market segments
- Exhibit 55: Chart on End-user - Market share 2023-2028 (%)
- Exhibit 56: Data Table on End-user - Market share 2023-2028 (%)
- 8.2 Comparison by End-user
- Exhibit 57: Chart on Comparison by End-user
- Exhibit 58: Data Table on Comparison by End-user
- 8.3 Non-building - Market size and forecast 2023-2028
- Exhibit 59: Chart on Non-building - Market size and forecast 2023-2028 ($ million)
- Exhibit 60: Data Table on Non-building - Market size and forecast 2023-2028 ($ million)
- Exhibit 61: Chart on Non-building - Year-over-year growth 2023-2028 (%)
- Exhibit 62: Data Table on Non-building - Year-over-year growth 2023-2028 (%)
- 8.4 Residential - Market size and forecast 2023-2028
- Exhibit 63: Chart on Residential - Market size and forecast 2023-2028 ($ million)
- Exhibit 64: Data Table on Residential - Market size and forecast 2023-2028 ($ million)
- Exhibit 65: Chart on Residential - Year-over-year growth 2023-2028 (%)
- Exhibit 66: Data Table on Residential - Year-over-year growth 2023-2028 (%)
- 8.5 Non-residential - Market size and forecast 2023-2028
- Exhibit 67: Chart on Non-residential - Market size and forecast 2023-2028 ($ million)
- Exhibit 68: Data Table on Non-residential - Market size and forecast 2023-2028 ($ million)
- Exhibit 69: Chart on Non-residential - Year-over-year growth 2023-2028 (%)
- Exhibit 70: Data Table on Non-residential - Year-over-year growth 2023-2028 (%)
- 8.6 Market opportunity by End-user
- Exhibit 71: Market opportunity by End-user ($ million)
- Exhibit 72: Data Table on Market opportunity by End-user ($ million)
9 Customer Landscape
- 9.1 Customer landscape overview
- Exhibit 73: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 74: Impact of drivers and challenges in 2023 and 2028
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 75: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 76: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 77: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 78: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 79: Matrix on vendor position and classification
- 12.3 Anglo American plc
- Exhibit 80: Anglo American plc - Overview
- Exhibit 81: Anglo American plc - Business segments
- Exhibit 82: Anglo American plc - Key news
- Exhibit 83: Anglo American plc - Key offerings
- Exhibit 84: Anglo American plc - Segment focus
- 12.4 Arcosa Inc.
- Exhibit 85: Arcosa Inc. - Overview
- Exhibit 86: Arcosa Inc. - Business segments
- Exhibit 87: Arcosa Inc. - Key offerings
- Exhibit 88: Arcosa Inc. - Segment focus
- 12.5 Boral Ltd.
- Exhibit 89: Boral Ltd. - Overview
- Exhibit 90: Boral Ltd. - Business segments
- Exhibit 91: Boral Ltd. - Key news
- Exhibit 92: Boral Ltd. - Key offerings
- Exhibit 93: Boral Ltd. - Segment focus
- 12.6 Buzzi SpA
- Exhibit 94: Buzzi SpA - Overview
- Exhibit 95: Buzzi SpA - Business segments
- Exhibit 96: Buzzi SpA - Key offerings
- Exhibit 97: Buzzi SpA - Segment focus
- 12.7 Cementir Holding NV
- Exhibit 98: Cementir Holding NV - Overview
- Exhibit 99: Cementir Holding NV - Business segments
- Exhibit 100: Cementir Holding NV - Key news
- Exhibit 101: Cementir Holding NV - Key offerings
- Exhibit 102: Cementir Holding NV - Segment focus
- 12.8 CEMEX SAB de CV
- Exhibit 103: CEMEX SAB de CV - Overview
- Exhibit 104: CEMEX SAB de CV - Business segments
- Exhibit 105: CEMEX SAB de CV - Key news
- Exhibit 106: CEMEX SAB de CV - Key offerings
- Exhibit 107: CEMEX SAB de CV - Segment focus
- 12.9 CRH Plc
- Exhibit 108: CRH Plc - Overview
- Exhibit 109: CRH Plc - Business segments
- Exhibit 110: CRH Plc - Key news
- Exhibit 111: CRH Plc - Key offerings
- Exhibit 112: CRH Plc - Segment focus
- 12.10 EUROCEMENT Group
- Exhibit 113: EUROCEMENT Group - Overview
- Exhibit 114: EUROCEMENT Group - Product / Service
- Exhibit 115: EUROCEMENT Group - Key offerings
- 12.11 HeidelbergCement AG
- Exhibit 116: HeidelbergCement AG - Overview
- Exhibit 117: HeidelbergCement AG - Business segments
- Exhibit 118: HeidelbergCement AG - Key news
- Exhibit 119: HeidelbergCement AG - Key offerings
- Exhibit 120: HeidelbergCement AG - Segment focus
- 12.12 Holcim Ltd.
- Exhibit 121: Holcim Ltd. - Overview
- Exhibit 122: Holcim Ltd. - Business segments
- Exhibit 123: Holcim Ltd. - Key offerings
- Exhibit 124: Holcim Ltd. - Segment focus
- 12.13 LSR Group
- Exhibit 125: LSR Group - Overview
- Exhibit 126: LSR Group - Product / Service
- Exhibit 127: LSR Group - Key offerings
- 12.14 Martin Marietta Materials Inc.
- Exhibit 128: Martin Marietta Materials Inc. - Overview
- Exhibit 129: Martin Marietta Materials Inc. - Business segments
- Exhibit 130: Martin Marietta Materials Inc. - Key offerings
- Exhibit 131: Martin Marietta Materials Inc. - Segment focus
- 12.15 Rogers Group Inc.
- Exhibit 132: Rogers Group Inc. - Overview
- Exhibit 133: Rogers Group Inc. - Product / Service
- Exhibit 134: Rogers Group Inc. - Key offerings
- 12.16 RW Sidley Inc.
- Exhibit 135: RW Sidley Inc. - Overview
- Exhibit 136: RW Sidley Inc. - Product / Service
- Exhibit 137: RW Sidley Inc. - Key offerings
- 12.17 Vulcan Materials Co.
- Exhibit 138: Vulcan Materials Co. - Overview
- Exhibit 139: Vulcan Materials Co. - Business segments
- Exhibit 140: Vulcan Materials Co. - Key offerings
- Exhibit 141: Vulcan Materials Co. - Segment focus
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 142: Inclusions checklist
- Exhibit 143: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 144: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 145: Research methodology
- Exhibit 146: Validation techniques employed for market sizing
- Exhibit 147: Information sources
- 13.5 List of abbreviations
- Exhibit 148: List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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construction aggregates market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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