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The recycled concrete aggregates market size is estimated to grow by USD 2.95 billion at a CAGR of 6.06% between 2022 and 2027. The global rise in road construction activities, driven by urbanization and economic growth, is a key driver for the construction industry. Additionally, the surge in real estate activities, including commercial and residential projects, further contributes to the growth of the construction sector. These factors not only drive the demand for construction materials and equipment but also create opportunities for various service providers in the construction industry. The growth in road construction activities, in particular, reflects the need for improved transportation infrastructure to support economic development and urbanization. Similarly, the surge in real estate activities indicates a growing demand for housing and commercial spaces, driving construction projects worldwide. Our report examines historic data from 2017 to 2021 besides analyzing the current market scenario.
Market Forecast 2023-2027
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This report extensively covers market segmentation by product (unprocessed and processed), application (roadway and pavement, bridges, concrete manufacturing, bulk fills and riverbank protection, and others), and geography (North America, APAC, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges.
The unprocessed segment will account for a major share of the market's growth during the forecast period.? They are used for bulk fills, backfill material, riverbank protection, base fill for drainage structures, aggregate for road construction, etc. Unprocessed recycled concrete aggregates that are crushed and not sifted are often used as subgrade materials. This material is also used as a filler in bank protection or retaining walls and as an alternative to gravel in drainage ditches and sound barrier embankments.
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The unprocessed segment was valued at USD 2.85 billion in 2017.? Most of them are sold in 1.5-inch or 2-inch pieces for road paving. The durability is influenced by various properties such as aggregate exchange rate, concrete age, and moisture content. The use of recycled concrete aggregate saves natural concrete aggregate and promotes its potential applications, which in turn boosts the growth of this segment and market during the forecast period.
Based on application, the market has been segmented into roadway and pavement, bridges, concrete manufacturing, bulk fills and riverbank protection, and others. The roadway and pavement?segment will account for the largest share of this segment.?They are used for the base and sublayers of both flexible and rigid surfaces. Aggregate is an important factor in the construction, maintenance, and restoration of road surfaces, asphalt, and concrete pavements. In addition, they have sufficient strength, hardness, and toughness, so it is used for roads and pavement. Moreover, increased government funding for the implementation of road safety measures and the government's focus on overall infrastructure development will boost the growth of the segment and market during the forecast period.
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North America is estimated to contribute 39% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. Governments in the region have taken several initiatives to improve road infrastructure and maintain roads to ensure public safety. Road transport is also important for businesses in the region. The renewal and restoration of roads and pavements will have a significant impact on the regional market.
Moreover, efforts to modernize the aging infrastructure of the US and cater to the needs of a growing population are the key factors that will drive the growth of the construction sector. Rising government support in the form of higher budget allocations will be instrumental in growing sustainable community development and the affordability of housing. The growth in the construction industry in the region, coupled with a high focus on green buildings containing recycled building materials, is expected to drive the growth of the regional market during the forecast period.
The market is influenced by economic cycles and supply chain dynamics, often facing operational restrictions and financial index volatility. Recovery measures focus on sustainable development in the construction sector, emphasizing the use of concrete as a sustainable building material. Challenges include rising costs and the disposal of concrete structures, leading to solid waste disposal problems. Recycling aggregates from demolition wastes helps mitigate these issues, but factors like transport, quality, and availability of raw materials affect the market. Promoting these aggregates contributes to sustainability and a more environmentally friendly construction industry, supporting a sustainable future. Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market.
Increasing investment in the construction sector is driving the market as concrete aggregate serves as a key material in construction activities. APAC and MEA have seen a dramatic increase in investment in government-sponsored construction activities.
Moreover, the market is expected to benefit from transportation infrastructure such as road networks, roundabouts, and highway expansions. This trend is influenced by factors such as rising costs, disposal of concrete structures, construction debris, solid waste disposal problems, recycling aggregates, transport, quality, availability of raw materials, promoting aggregates, and recycled materials. Countries such as India and China are contributing to the increase in aggregate demand owing to increasing levels of government investment and disruptions in infrastructure development. Therefore, such factors will grow the market during the forecast period.
Rapid industrialization and civilization have created a need for large amounts of primary aggregates. Due to the significant increase in the amount of construction demolition waste (CDW) in recent years, the recovery of recycled aggregates from CDW is taking place. A building must be destroyed once it has served its purpose. Therefore, recycling and reusing CDW is now of critical environmental importance.
Moreover, the use of recycled aggregates is necessary for sustainable development as it saves natural aggregates and reduces the space required for the disposal of demolition waste. In addition, cement can also be recovered from recycling processes, reducing carbon emissions by 23-28%. Therefore, the CO2 emissions associated with the production of new cement are lower than before. Therefore, recycled aggregate is regarded as an environmentally friendly building material. Hence, growing interest in green buildings will drive the growth of the market during the forecast period
One of the first challenges in producing recycled concrete aggregate is choosing an efficient process. Another problem with them is their lack of widespread use. Nowadays, only a small amount of all new construction uses recycled aggregates. There is a perception that mixes made from recycled aggregates are of poorer quality.
However, many studies have shown that the structural integrity of concrete based on recycled aggregates meets global standards for deformability. Therefore, difficulties in manufacturing and introducing recycled concrete aggregates will impede the market during the forecast period.
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.
Arcosa Inc.: The company offers recycled concrete aggregates through its subsidiary Cherry Companies.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
Boral Ltd., Breedon Group plc, CEMEX SAB de CV, CRH Plc, Heidelberg Materials AG, Holcim Ltd., Martin Marietta Materials Inc., Recycled Concrete Products, Rogers Group Inc., RW Sidley Inc., Sika AG, SUEZ SA, Taiheiyo Cement Corp., Top Grade Site Management LLC, Vicat, Vinci, Vulcan Materials Co., and Wienerberger AG
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.
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
The market is witnessing significant growth due to rising concerns about the environment and sustainability requirements. As supply chains face challenges like shortage of labor, the demand for new materials and production techniques is increasing. The global recycled concrete aggregates market is driven by the need to reduce the environmental impact of construction activities, such as reducing the amount of concrete waste sent to landfills. Recycling concrete involves breaking, removing, and crushing old concrete to produce aggregates used in concrete for sidewalks, shoulders, median barriers, curbs, gutters, bridge foundations, soil-cement pavement bases, and lean-concrete or econo-crete bases, as well as bituminous concrete.
Market Scope |
|
Report Coverage |
Details |
Page number |
178 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.06% |
Market growth 2023-2027 |
USD 2.95 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
5.33 |
Regional analysis |
North America, APAC, Europe, Middle East and Africa, and South America |
Performing market contribution |
North America at 39% |
Key countries |
US, China, India, Germany, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Arcosa Inc., Boral Ltd., Breedon Group plc, CEMEX SAB de CV, CRH Plc, Heidelberg Materials AG, Holcim Ltd., Martin Marietta Materials Inc., Recycled Concrete Products, Rogers Group Inc., RW Sidley Inc., Sika AG, SUEZ SA, Taiheiyo Cement Corp., Top Grade Site Management LLC, Vicat, Vinci, Vulcan Materials Co., and Wienerberger AG |
Market dynamics |
Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research 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 Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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