Recycled construction aggregates are crushed demolished concrete and other building materials that can be used as a substitute for natural aggregates in construction applications. Recycled construction aggregates are utilized in manufacturing readymix concrete, cement, asphalt, pipe bedding and many more. They are derived from demolished concrete structures such as roads, bridges, buildings, and pavements. The mounting construction activities across residential and non-residential sectors have augmented the demand for aggregates. Using recycled construction aggregates helps reduce the requirement for extraction of natural aggregates from quarries and aids in lowering greenhouse gas emissions.
The global recycled construction aggregates market is estimated to be valued at US$ 46.87 billion in 2024 and is expected to exhibit a CAGR of 8.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
Increased demand from infrastructure and construction industries is expected to drive the growth of the recycled construction aggregates market size over the forecast period. Rapid urbanization and industrialization have necessitated more construction of roads, bridges, housing complexes, and other infrastructure which will boost the consumption of aggregates including recycled construction aggregates. Moreover, growing awareness regarding the environmental advantages of recycled construction aggregates such as reduced landfill usage and conservation of natural resources will also propel the market growth. However, lack of awareness regarding the properties and performance of recycled construction aggregates in some nations may limit their adoption.
Segment Analysis
The recycled construction aggregates market is dominated by crushed stone sub segment. Crushed stone segment holds around 60% market share owing to its high strength and durability properties. It finds wide applications in construction of roads, bridges and buildings. Crushed concrete sub segment is also growing rapidly at over 7% annually due to growth in demolition and reconstruction activities across developed regions.
PEST Analysis
Political: Stringent regulations regarding waste management and eco-friendly construction practices are boosting the recycled construction aggregates market. Most regions have mandated use of recycled materials in infrastructure projects.
Economic: Growing infrastructure spending across developing countries is fueling the demand. Lower costs compared to virgin aggregates make recycled options more viable for contractors.
Social: Increased awareness about sustainability and reducing carbon footprint is positively impacting the market. Recycled aggregates are seen as an ethical choice by consumers and architects.
Technological: Advanced processing equipment is enhancing yields and capabilities. Machines can efficiently separate materials and produce aggregates of consistent quality.
Key Takeaways
The global recycled construction aggregates market is estimated to be valued at US$ 46.87 billion in 2024 and is expected to exhibit a CAGR of 8.5% over the forecast period 2023 to 2030.
Regional analysis indicates Asia Pacific region dominates currently due to massive infrastructure development in countries like India and China. The region is estimated to grow at over 9% till 2030.
Key players like Apotheek Zur Rose, Viataal, Stichting De Apothekerscoöperatie, Holland Pharma are expanding globally through strategic partnerships and innovative processing technologies. Key players operating in the recycled construction aggregates market are Apotheek Zur Rose, Viataal, Stichting De Apothekerscoöperatie, Holland Pharma. The market is highly consolidated with top 5 players accounting for over 50% share.
