Published on : Oct 19, 2016
ALBANY, NY, Oct 19, 2016: The latest report, titled “The Global Construction Aggregates Market -Key Trends and Opportunities to 2020,” is a must-read for all players associated with the statistical analysis of the construction industry. This applies especially for players interested in expanding their horizons in emerging economies, where the rate of construction is at an all-time high.
According to the report, the global construction aggregates market had progressed at a sluggish CAGR of 0.95% within its review forecast from 2011 to 2015. Within 2016 to 2020, however, the global construction aggregates market is expected to rise with a strong CAGR of 5.15% as the aggregate demand in the global construction industry picks up steam.
The report reveals that the slowdown in the economic growth rate in China and other key emerging markets was responsible for the sluggish growth rate of the global construction aggregates market till 2015. The declining cost of crude oil was partly responsible for this slowdown as the lower prices had severely undermined the growth in investments produced by oil companies from the Middle East. With key inputs at a low, the global construction aggregates market was affected to a great degree.
Post-2015, there has been a major upswing in construction activity in the emerging economies and especially in the Asia Pacific region. Asia Pacific had accounted for a whopping 46.9% of the share in the global construction aggregates market in 2015, followed distantly by North America and Europe who held shares of 21.5% and 18.0% respectively.
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The growth of the global construction aggregates market through the Asia Pacific construction boom is expected to continue over the coming years, especially with a growing number of key players getting involved in the region. The residential and industrial sectors of Asia Pacific are showing an equally massive increment in their demand for new construction and reconstruction activities.
Meanwhile, North America and Europe are gradually recovering their growth rate and are becoming steady supporters of the growth in the global construction aggregates market. These regions are especially expected to contribute due to the growing focus of companies headquartered here on to Asia Pacific, namely Japan and India. Despite their slow recovery, they are still expected to lose market share to the heavy demand growth shown by Asia Pacific.
The report also tackles the competitive landscape of the global construction aggregates market by highlighting the key players in it. Each company listed is described on the basis of company overview, business description, key products offered, and recent market involvement and history. The list of key players in the report includes Vulcan Materials Company, CRH Plc., Martin Marietta Materials, Inc., LafargeHolcim Ltd, and Heidelberg Cement AG. The report additionally provides details on each player in terms of their key competitors and top employees.
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