The global construction industry has seen relatively slow growth since 2015, mirroring a slowdown in the tempo of expansion in China and depressed major emerging markets. Oil price drop has also considerably threatened investment growth in key oil-manufacturing Middle Eastern countries. A deceleration in construction growth has inevitably influenced the demand for key inputs, specifically aggregates.
The global aggregates market value (in nominal US dollar terms) decreased in 2015 and registered a CAGR of 0.95% during 2011-2015. Although 2016 is projected to see another period of slow growth in the demand for aggregates as the construction sector begins to gain traction again starting from 2017, the global construction aggregates marketplace is forecast to post 5.15% CAGR to 2020.
Geography-wise, APAC was the biggest market for aggregates, grabbing just under 49% of the total market in 2015. North America and Europe were following after, accounting for shares of 21.5% and 18%, respectively.
Recovery in the North American and European countries and the development in the APAC economies, specifically Japan and India, are projected to give a boost to the market in the years to come. The market shares of the North America, Europe and Latin America will likely decline marginally in the years to come, whilst that of APAC and the Middle East and Africa will likely steepen.
Improvements in the world demand for aggregates in the upcoming years are in parallel with the positive outlook for the construction industry, with the main drivers being investment in residential and infrastructure construction in emerging countries, and expected recovery in the economic situation, globally and region-wise.
Topical publication "The Global Construction Aggregates Market Key Trends and Opportunities to 2020" gives a granular analysis of top trends in the global construction aggregates marketplace.
The report covers historic and forecasted valuations of the global market; provides market segmentation based on category type; gives crucial insights into market issues and trends, and the risks and opportunities they offer to players in the worldwide construction aggregates marketplace. The study presents a comprehensive analysis of key issues, including regulatory environment, value-based management, financing and pricing. The study also includes comprehensive profiles of the dominant construction aggregates companies.
Companies mentioned in the report are: Vulcan Materials Company, CRH Plc, Martin Marietta Materials, Inc., LafargeHolcim Ltd. and Heidelberg Cement AG
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