NEWARK, Del, Oct. 23, 2024 (GLOBE NEWSWIRE) — The global road aggregates market is poised to experience significant growth in the coming decade, largely driven by the rising demand for new infrastructure projects and the expansion of road networks across various regions. According to Future Market Insights (FMI), the market, which was valued at USD 367.70 billion in 2022, is projected to reach USD 709.91 billion by 2032, growing at a CAGR of 6.8% during the forecast period.
Market Snapshot
The road aggregates market is primarily fueled by the increased need for infrastructure development, particularly in emerging economies. As countries across the globe invest in new roadways, tunnels, bridges, and other critical transportation systems, demand for road aggregates continues to rise. Aggregates—including materials like gravel, crushed rock, limestone, and sand—play a crucial role in road construction, serving as foundational materials that ensure the durability and sustainability of roads.
Government initiatives, especially in regions like Asia-Pacific and North America, have spurred significant investments in road development. These regions are expected to see the most robust growth, while mature markets in Western Europe and North America will maintain steady demand as ongoing repair and maintenance work fuels the need for road aggregates.
A surge in R&D activities is also transforming the market, with a growing focus on recycling construction materials for road aggregate production, ensuring both cost-efficiency and environmental sustainability. In addition, the adoption of new dredging technologies to boost gravel production is anticipated to create new growth opportunities in emerging economies.
“Given the strong investment in infrastructure, especially in high-growth regions, the road aggregates market is set to expand at an impressive rate. The market is evolving with innovative approaches to recycling and sourcing sustainable materials, presenting further opportunities for both established players and new entrants,” says Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI)
Growth Drivers and Opportunities
- Government Infrastructure Projects: Increased funding for road networks, highways, and urban infrastructure developments across the globe is a primary market driver.
- Sustainability: Growing focus on the use of recycled materials in road construction is creating new avenues for aggregate suppliers.
- Technological Advancements: The development of advanced dredging technologies is boosting the production capacity of gravel and other aggregates, helping meet rising demand.
- Emerging Markets: Countries in the Asia-Pacific region, particularly China and India, are witnessing massive investments in infrastructure, driving the demand for road aggregates.
A Full Report Overview: https://www.futuremarketinsights.com/reports/road-aggregates-market
Key Takeaways from the Market Study
- The road aggregates market is expected to grow at a CAGR of 6.8% from 2022 to 2032.
- Asia-Pacific is projected to be the fastest-growing region due to massive infrastructure investments.
- Sustainability and recycling are emerging trends that are expected to influence product innovations and market strategies.
- Gravel remains one of the most in-demand aggregates, particularly for road and highway construction projects.
Component Insights
Road aggregates are categorized based on types such as gravel, crushed rock, limestone, and sand, each offering distinct properties suited for different construction needs. Among these, gravel and crushed rock dominate in applications like highway construction, as they offer high durability and load-bearing capacity.
Market’s Prime Determinants of Growth, Trends, and Opportunities
The market’s growth is largely attributed to increasing government investments in road infrastructure. Technological advancements in material processing and the development of sustainable aggregates are expected to remain key growth enablers. The growing trend of using recycled construction materials for aggregates is also reshaping the industry, encouraging both cost-saving and environmentally friendly practices.
Key Companies & Market Share Insights
Some of the leading players in the global road aggregates market include LafargeHolcim Group, Wharehine, Aggregate Industries, Okanagan Aggregates Ltd., Rock Road Companies Inc., Kuari Pati Sdn Bhd, Hanlon Concrete, etc. These companies are focusing on expanding their product portfolios and investing in R&D to offer advanced aggregate solutions that meet evolving road construction standards.
Road Aggregates Market
Global road aggregates market is segmented into type, application, and region.
By Type:
- granite
- sand
- gravel
- limestone
- crushed rock
- others
By Application:
- new construction
- repairs & maintenance
By Region:
- North America
- Latin America
- Eastern Europe
- Western Europe
- Asia Pacific Excluding Japan (APEJ)
- Japan
- The Middle East and Africa (MEA)
Japanese Translation –
世界の道路骨材市場は、主に新しいインフラプロジェクトへの需要の高まりと、さまざまな地域での道路網の拡大により、今後10年間で大幅な成長を遂げる見込みです。Future Market Insights (FMI) によると、2022年に3,677億ドルと評価された市場は、2032年までに7,099億1,000万ドルに達し、予測期間中に6.8%のCAGRで成長すると予測されています。
市場スナップショット
道路骨材市場は、特に新興経済国におけるインフラ開発のニーズの高まりによって主に推進されています。世界中の国々が新しい道路、トンネル、橋、その他の重要な輸送システムに投資するにつれて、道路骨材の需要は増加し続けています。砂利、砕石、石灰岩、砂などの材料を含む骨材は、道路建設において重要な役割を果たし、道路の耐久性と持続可能性を確保する基礎材料として機能します。
特にアジア太平洋や北米などの地域では、政府の取り組みにより道路開発への多額の投資が促進されています。これらの地域では最も堅調な成長が見込まれますが、西ヨーロッパや北米の成熟市場では、継続的な修理やメンテナンス作業により道路用骨材の需要が高まるため、安定した需要が維持されます。
R&D活動の急増も市場を変革しており、道路用骨材生産のための建設資材のリサイクルにますます重点が置かれ、コスト効率と環境の持続可能性の両方が確保されています。さらに、砂利生産を増やすための新しい浚渫技術の採用により、新興経済国で新たな成長機会が生まれると予想されています。
アナリストのコメント
「特に高成長地域でのインフラへの強力な投資を考えると、道路用骨材市場は驚異的な速度で拡大する見込みです。 「市場はリサイクルと持続可能な材料の調達に対する革新的なアプローチで進化しており、既存のプレーヤーと新規参入者の両方にさらなる機会を提供しています」と、Future Market Insights (FMI) のアソシエイト バイスプレジデントである Nikhil Kaitwade 氏は述べています。
成長の原動力と機会
• 政府のインフラ プロジェクト: 世界中の道路網、高速道路、都市インフラ開発への資金の増加が、主な市場原動力となっています。
• 持続可能性: 道路建設におけるリサイクル材料の使用への注目が高まることで、骨材サプライヤーにとって新たな道が開かれています。
• 技術の進歩: 高度な浚渫技術の開発により、砂利やその他の骨材の生産能力が向上し、高まる需要に対応しています。
• 新興市場: アジア太平洋地域の国々、特に中国とインドでは、インフラへの大規模な投資が行われており、道路骨材の需要が高まっています。
市場調査からの主なポイント
• 道路用骨材市場は、2022年から2032年にかけて6.8%のCAGRで成長すると予想されています。
• アジア太平洋地域は、大規模なインフラ投資により、最も急速に成長する地域になると予測されています。
• 持続可能性とリサイクルは、製品の革新と市場戦略に影響を与えると予想される新たなトレンドです。
• 砂利は、特に道路や高速道路の建設プロジェクトで最も需要の高い骨材の1つです。
コンポーネントの洞察
道路用骨材は、砂利、砕石、石灰岩、砂などの種類に基づいて分類され、それぞれが異なる建設ニーズに適した独特の特性を備えています。これらのうち、砂利と砕石は、耐久性と耐荷重性が高いため、高速道路建設などの用途で主流となっています。
市場の成長、傾向、機会の主な決定要因
市場の成長は、主に道路インフラへの政府投資の増加によるものです。材料処理における技術的進歩と持続可能な骨材の開発は、引き続き主要な成長促進要因になると予想されます。骨材にリサイクル建設資材を使用する傾向が高まっていることも、業界を再編し、コスト削減と環境に優しい慣行の両方を促進しています。
Authored By
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
Have a Look at Related Research Reports of Chemicals & Materials
Future Market Insights has mentioned in its reports that the construction aggregates market is anticipated to expand at a CAGR of 4.86% between 2023 and 2033, totaling around USD 636.46 billion by 2033.
The global recycled concrete aggregates market value was recorded at USD 9,053.7 million in 2023. Over the next decade (2023 to 2033), global recycled concrete aggregate sales are likely to soar at a healthy CAGR of 8.0%.
The global traffic road marking coatings market is expected to reach a market valuation of USD 5.22 Billion by the year 2022, accelerating with a moderate CAGR of 6% by 2022 to 2032.
The coatings and application technologies for robotics market is set for significant expansion, with an anticipated valuation of USD 18,141.9 million by 2023.
The coating additives market is anticipated to flourish at a healthy CAGR of 4.8% between 2023 and 2033. The market is expected to hold a market share of USD 17.77 billion by 2033, while the market is likely to reach a value of USD 11.12 billion in 2023.
Construction chemicals are used in various applications, such as residential, commercial, and infrastructural. Among these, the residential sector is slotted in to hold a market share of 41.50% in 2024.
Global Flat Glass demand is anticipated to be valued at USD 5.3 Billion in 2022, forecast to grow at a CAGR of 5.2% to be valued at USD 8.8 Billion from 2022 to 2032.
The global silica sand for glass making market is expected to register a CAGR of 4.1% between 2023 and 2033. The valuation is projected to cross USD 8.5 billion by 2033.
By the year 2032, the net worth of the global heat resistant glass is predicted be around USD 7.5 Billion and is predicted to register a fair CAGR of 4.3% through these forecast years.
The global ultra-thin glass market size is expected to witness a CAGR of 10.7% from 2023 to 2033. It is projected to surpass a valuation of USD 29.5 billion by 2033. The market stands at USD 10.7 billion in 2023.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
Wall St Business News, Latest and Up-to-date Business Stories from Newsmakers of Tomorrow
