Recycled aggregates report released

A new report highlights the importance of recycled aggregates for the global construction market. The report has been compiled by research specialist Fact.Mr and shows that prospects remain bullish for the recycled construction aggregates market. According to the report, there were sales of recycled aggregates in excess of over 3.7 million tonnes estimated in 2018, with a 5% growth expected for 2019. The report highlights that the recycled construction aggregates market is influenced by various factors, ra
January 24, 2019 Read time: 3 mins

A new report highlights the importance of recycled aggregates for the global construction market. The report has been compiled by research specialist Fact.Mr and shows that prospects remain bullish for the recycled construction aggregates market. According to the report, there were sales of recycled aggregates in excess of over 3.7 million tonnes estimated in 2018, with a 5% growth expected for 2019.

The report highlights that the recycled construction aggregates market is influenced by various factors, ranging from resurgent construction activities to infrastructure development efforts of governments worldwide, particularly in developing economies.

There been a preference for recycled construction and crushed stone among manufacturers, due to cost-efficiency. The market for recycled aggregates is already strong for markets such as building driveways, footpaths, and car parking. However demand for recycled aggregates is growing in the important segment for infrastructure development projects. High transportation and handling cost of crushed stones have led governments to carry out production and recycling activities locally. This is ensuring a healthy market for recycled construction aggregates.

The study expects Asia Pacific Excluding Japan (APEJ) to remain lucrative in the recycled construction aggregates market. The sales in APEJ is expected to exceed 2.3 million tonnes in 2018. As construction and demolition waste in APEJ is becoming a major issue, leading construction institutions in the region are implementing demolition waste management programmes.

The market for construction and demolition waste in India is likely to increase. Recycling construction and demolition waste by converting it into aggregates is gaining in popularity in India as a sustainable measure.

China is likely to emerge as the largest consumer of recycled construction aggregates in the coming years. A massive rise in construction is stimulating the market for recycled aggregates in China. The healthier construction development is likely to drive growth for recycled construction aggregates in Eastern Europe also. Meanwhile Germany is expected to hold a strong position. Recycled construction aggregates is emerging as an important source of aggregates in Britain, owing to the rise in demolition of old structures and construction of new building and structures.

The 2465 European Commission is focusing on introducing new guidelines and protocols on construction and demolition waste management with an aim to build trust in the quality of construction and demolition recycled materials. North America is also witnessing increasing use of recycled construction aggregates in road construction. States across the region are adopting regulations leading to the rise in the percentage of recycled asphalt pavement in the asphalt-based road construction.

Government projects and private sector projects are focussing on using a higher percentage of recycled construction aggregates to build roads and bridges. Demolished materials are gaining popularity as recycled construction aggregates, due to the shortage of natural resources. New bridge construction and repair activities are at the forefront in Australia, China, North America and Europe to offer better connectivity.

Infrastructure companies are working on new projects, designing structures, connecting cities and towns to meet the growing demand to travel for business and leisure. Europe is likely to see rebuilding and repairing of roads and bridges. A recent study by the French Government found that the country’s road network is in critical condition and a third of its road bridges require repairs. Around 300 bridges in Italy are at the risk of failure. Moreover, the Federal Highway Research Institute found that in Germany around 12.4% of roads and bridges are in bad condition.

The recycled construction aggregates market is projected to register 6% CAGR in volume terms between 2019 and 2027.  

The insights presented here are from a research study Recycled Construction Aggregates Market   by Fact.MR.

https://www.factmr.com/report/2890/recycled-construction-aggregates-market

Materials

For more information on companies in this article

Related Content

  • Heavy equipment demand strong in Asia-Pacific according to report
    April 12, 2013
    A report from market analysis specialist Timetric has highlighted increased demand for machines in the Asia-Pacific region. This report shows that the Asia-Pacific region has overtaken Europe and North America in demand for heavy construction machinery and earthmoving equipment. The 57.8% market share of the Asia-Pacific market for these machines makes it the largest in the world, followed by Europe with 22.0% and North America with 12.4%, according to the report. Economic uncertainty in Europe and slow gro
    Read More
  • Seismic Reinforcement Materials Market exceeding at 4% CAGR to cross $40bn by 2025
    July 10, 2019
    According to a new research report by Global Market Insights, Inc. Seismic Reinforcement Materials Market will surpass USD 40 billion by 2025. Increasing seismic activities across the globe resulting in loss of life and assets is the prime reason influencing the growth of seismic reinforcement materials market. The products are majorly used in buildings to strengthen the structures in order to minimize damage possibilities during or after earthquakes. Increasing awareness and implementation of various buil
    Read More
  • Liebherr’s results have been hit by the pandemic
    April 20, 2021
    Liebherr’s 2020 financial results have been hit by the pandemic.
    Read More
  • Construction machine sales strong reports CECE
    March 17, 2016
    The European construction equipment market is performing relatively well in global terms. However striking regional disparities remain, according to the Annual Economic Report for 2016 from the European construction equipment manufacturing association, CECE. Data from the report shows that excluding Russia, the European market for construction machines grew by 3.5% in 2015 and it forecasts a slight increase in business for 2016.
    Read More

Highlighted Content