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Synthetic Aggregates Market: Overview

Synthetic aggregates are lightweight aggregates composed of recycled plastics and coal fly ash. They are typically used as construction materials. These aggregates weigh less than 70 lbs/ft3 and are 30%-70% lighter than mineral aggregates. Synthetic aggregates are produced by utilizing waste from blast furnace or rotary kilns such as sewage sludge, incinerated sewage sludge, pulverized fuel ash, oil sands, and slag. They are heated at around 1000°F to 4500°F. Synthetic aggregates can also be produced from non-cementitious fly ash through coal burning process, recycled plastics, and recycled glass.

Synthetic Aggregates Market: Key Segments

Based on product type, the global synthetic aggregates market can be segmented into pyro-processed ceramic aggregates and plastic aggregates. Pyro-process aggregates are manufactured by heating natural materials such as shale and clay, while plastic aggregates are formed by heating industrial by-products and consumer plastics. Ceramic aggregates are widely used in the construction industry in the production of Portland cement for bridge deck applications. They are also used in concrete for high rise construction. Concrete produced by mixing synthetic aggregates is strong with less weight vis-à-vis that produced by traditional aggregates. Synthetic aggregates are also employed in seal chips, which are used in traffic areas. These aggregates offer superior skid-resistance and bonding with asphalt emulsion due to their porous structure.

Synthetic Aggregates Market: Trends & Demands

Rise in demand for sustainable construction materials with low CO2 emission, typically for the building & construction industry, is driving the global synthetic aggregates market. Increase in construction activities, such as highways and pavements, across the globe and growth in usage of concrete in buildings are boosting the synthetic aggregates market. Stiff competition from natural aggregates derived from sand, gravel, rocks, etc. is expected to hamper the market during the forecast period. Rise in demand for concrete products such as concrete roof shingles, ultra-light weight concrete, culvert pipe, concrete underground vessels, and pre-stressed or tilt-up concrete is anticipated to provide lucrative opportunities to manufacturers of synthetic aggregates during the forecast period.

Synthetic Aggregates Market: Regional Outlook

In terms of region, the global synthetic aggregates market can be segregated into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is the leading consumer of synthetic aggregates, followed by Europe and Asia Pacific. Rise in demand for aggregates derived from recycled waste to curb carbon emissions is boosting the synthetic aggregates market in North America. Increase in demand for lightweight concrete in the U.K. Germany, France, and countries in Eastern Europe is anticipated to drive the demand for synthetic aggregates in Europe during the forecast period. Concrete mixed with synthetic aggregates produces lightweight concrete, which offers benefits such as improved structural efficiency, ease of transport, less labor force, reduced dead load of a structure, ease of renovation and repair, and better thermal insulation. This is augmenting the demand for synthetic aggregates in Europe. Asia Pacific is projected to provide lucrative opportunities to manufacturers of synthetic aggregates in near future due to the rise in urbanization and growth in disposable income of consumers. Expansion in the building & construction industry in developing economies of Asia Pacific such as China, India, and Vietnam is likely to propel the demand for synthetic aggregates in the near future. The market in Latin America and Middle East & Africa is estimated to expand at a moderate pace during the forecast period. Increase in adoption of green construction materials and green and energy efficient buildings is expected to drive the synthetic aggregate market in Latin America and Middle East & Africa. Growth in construction activities in the UAE, Qatar, and South Africa is anticipated to boost the market in Middle East & Africa during the forecast period.

Synthetic Aggregates Market: Key Players

Key players operating in the global synthetic aggregates market are Melvin Stone Company, Urbana Materials, Northern Kentucky Aggregates, and Wooster Materials. 

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
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

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.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

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?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Synthetic Aggregates Market

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