Aggregate: An integral part of Construction Industry
2015-05-06 Posted By:Infra Bazaar
Through 2017, worldwide sales of construction aggregates are forecast to expand 5.8 percent per year to 53.2 billion metric tons. The global market will continue to be driven by above average growth in the large Asia/Pacific and Africa/Mideast regions. The non-building market for construction aggregates is expected to outperform the building segment through 2017, as many countries will invest heavily in their public infrastructures.
Demand growth in India to outpace growth in China
Between 2012 and 2017, more than 50 percent of all additional construction aggregates demand generated will be attributable to China, where massive gains in building and non-building construction activity will stimulate demand. However, as the Chinese market matures, growth is expected to decelerate noticeably from the breakneck pace of the last decade. Aggregates consumption in India, the Asia/Pacific region’s second largest market, will expand at a somewhat faster pace than China through 2017.
Crushed stone to remain dominant aggregate type
The crushed stone segment is expected to account for over one-half of all new product demand generated between 2012 and 2017. Crushed stone will continue to benefit from its numerous performance features, such as durability and strength. Crushed stone is also projected to gain a larger share of the aggregates market due to the depletion of sand and gravel reserves in many countries around the world, including China, India, Japan, and Norway. However, this trend toward crushed stone will be moderated by the increasing availability of manufactured sand and alternative and recycled aggregates. Sales of secondary, alternative, and recycled aggregates are expected to grow at the market’s fastest pace because of their favorable environmental profile and the exhaustion of natural aggregates reserves, but these products will still account for a tiny share of global aggregates sales.