Concrete Aggregates Market: Overview
Concrete aggregates are granular materials such as sand, gravel, crushed stone, and blast furnace slag, which usually accounts for approximately 60% to 75% of the volume of concrete. These aggregates are extensively used in the construction sector. Concrete aggregates offer resistance to wear and erosion and volume stability to the finished product. They are inexpensive fillers, which reduce the cost of concrete. Concrete aggregates can either be natural or synthetic. Concrete aggregates can be used for flexible as well as rigid pavements. Based on the source and method of preparation, concrete aggregates can be broadly classified into natural and artificial. Natural concrete aggregates are produced by weathering and action of wind and water. Synthetic concrete aggregates such as blast furnace slag and expanded clay are byproducts of industrial processes. Based on bulk density, concrete aggregates can be classified into ASTM C33, C 330, and C 637. Desired mechanical properties of concrete aggregates include abrasive power, water absorption, and high porosity.
Concrete Aggregates Market: Trends & Demands
Rising investments in infrastructure by various governments across the globe are fueling the demand for concrete aggregates. Use of concrete aggregates in residential buildings is likely to be augmented by growth of the housing sector in developed countries. Increase in the disposable income is anticipated to drive the demand for concrete aggregates for use in modern housing. Demand for recycled concrete aggregates is a new trend in the global concrete aggregates market. Owing to adverse impact of mining construction aggregates on the environment, construction companies prefer recycled concrete aggregates. Concrete aggregates are primarily used in concrete as a filler material for providing volume, strength, and resistance wear to erosion. Concrete aggregates provide composition, specific gravity, and surface texture to the product. Concrete aggregates are inexpensive than cement and they can be put into the concrete mix in amounts as much as possible.
Concrete Aggregates Market: Key Segments
In terms of production, the global concrete aggregates market can be classified into natural aggregates, artificial concrete aggregates, processed concrete aggregates, and colored concrete aggregates. Natural concrete aggregates include sand, gravel, crushed stone, and lime rock. Artificial concrete aggregates comprise blast furnace slags and cinders, fly ash, etc. Processed concrete aggregates include perlite, burnt clays, shales, and processed fly ash. Colored aggregates comprise glass, ceramics, and manufactured marble. According to particle size, the concrete aggregates market can be classified into fine aggregates and coarse aggregates.
Concrete Aggregates Market: Regional Outlook
The global concrete aggregates market expanded significantly in 2017. The trend is expected to continue during the forecast period also. Asia Pacific accounts for a major share of the global concrete aggregates market. Rapid urbanization in the region is fueling the market in Asia Pacific. The market in the region is expanding at a significant pace, due to increase in construction and renovation activities, especially in China and India. Rise in renovation activities in North America, especially in the U.S., is augmenting the market in the region. Countries in Eastern Europe contribute significantly to the concrete aggregates market in Europe. The market in Middle East & Africa and Latin America is projected to expand in the next few years, due to recent economic developments and rise in investments in construction projects in these regions.
Concrete Aggregates Market: Key Players
Key players operating in the global concrete aggregates market include CEMEX S.A.B.de C.V, HeidelbergCement Group, LafargeHolcim, and MARTIN MARIETTA.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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Below is a snapshot of these quadrants.
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The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
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