LONDON--(BUSINESS WIRE)--According to the latest market research report released by Technavio, the construction aggregates market in the US is expected to register a CAGR of almost 3% during the forecast period. However, the growth momentum of the market is expected to decelerate due to a decline in the year-over-year growth.
This research report titled ‘Construction Aggregates Market in the US 2018-2022’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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The market research analysis categorizes the construction aggregates market in the US into the following end-user:
- Non-building
- Non-residential
- Residential
The non-building segment held the largest share of the market, with more than 45% in 2017. It was followed by the non-residential segment. The non-building segment is expected to witness the fastest growth during the forecast period, expanding its share in the overall market to 48%.
Construction aggregates market in the US: Top emerging trend
Considering the environmental impact of mining construction aggregates, a new trend of using recycled aggregate is gaining traction in the market. Recycled aggregate covers the re-use of concrete and asphalt form demolished construction sites. They are produced by crushing the existing concrete or asphalt from construction debris and using it for new construction activities. The use of recycled aggregate in the construction market has several advantages such as it reduces the demand for fresh aggregate in new construction activities, which in turn will have a positive impact on environmental sustainability. Besides this, the construction debris from old buildings can be used as aggregate which will reduce the cost of purchasing new aggregate and eliminates the cost of transporting the debris.
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Technavio’s report provides expert market research on the following topics:
Executive Report
- Market Outline
- Construction Aggregates Market in the US Overview
Market Insights
- Market Sizing and Forecasts
- Market Growth
- Market Drivers and Challenges
- Key Emerging Trends
Market Segmentation Analysis
- Market segmentation by product (crushed stone and sand and gravel)
- Market segmentation by end-user (non-building, non-residential, and residential)
Vendor Landscape
- Vendor classification
- Market positioning of vendors
- Competitive scenario
- Analysis of top vendors (CEMEX, HEIDELBERGCEMENT, LafargeHolcim, Martin Marietta, and Vulcan Materials Company)
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