The global market for recycled concrete aggregates is poised to grow at a CAGR of 8.0% throughout the forecast period, expanding from USD 9,053.7 million in 2023 to USD 19,500.1 million by 2033.
Key drivers of this growth include the increasing adoption of sustainable construction practices and the rising demand for eco-friendly building materials. As environmental awareness continues to grow, there is a notable shift towards using recycled concrete aggregates in construction projects worldwide.
Rapid urbanization and ongoing construction activities globally are significant contributors to the market’s expansion. Builders and contractors are increasingly opting for recycled concrete aggregates to construct new roads and infrastructure, driven by their cost-effectiveness, durability, and environmental benefits compared to virgin aggregates.
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Recycled concrete aggregates are becoming favored alternatives due to their lower cost, resilience, and ability to reduce the need for new mining activities. Their applications span various construction uses, contributing to their increasing popularity in the industry.
The trend towards sustainable practices in the building and construction sectors, coupled with escalating environmental concerns, will further propel the demand for recycled concrete aggregates in the coming decade. Gravel and crushed stone currently dominate the concrete aggregates market by weight, primarily due to their widespread use in fills, concrete production, and their cost-effectiveness.
Key Takeaways from the Recycled Concrete Aggregates Market:
- The global market for recycled concrete aggregates is projected to expand at 0% CAGR through 2033.
- By application, road & pavement is expected to remain a prominent segment accounting for more than 65% of the overall market.
- By product type, gravel and crushed stone segment is anticipated to progress at 6% CAGR during the forecast period.
- Asia Pacific market is forecast to expand at a robust CAGR of 5% through 2033.
- China recycled concrete aggregates industry is likely to exhibit a CAGR of 4% from 2023 to 2033.
“The increasing demand for sustainable and eco-friendly construction materials will continue to boost the global recycled concrete aggregates industry. Manufacturers are likely to find significant growth opportunities in developing concrete aggregates that are inexpensive and durable, targeted at rapidly urbanizing demographics across the globe.” – says a lead Future Market Insights (FMI) analyst
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Who is Winning?
Heidelberg Cement AG, CEMEX SAB de CV, Vulcan Material Company, LafargeHolcim Ltd., CRH Plc, Tarmac Group, Top Grade Site Management LLC, Southern Crushes Concrete, LLC, Big city crushed concrete are few of the leading companies operating in the recycled concrete aggregates industry.
Key companies are employing various organic and inorganic strategies to boost their revenues and expand their presence. This includes partnerships, acquisitions, collaborations, and facility expansions. For instance,
- In July 2021, U.S. Concrete was acquired by Vulcan Material Company.
- In March 2023, Seqens and Holcim partnered to build the world’s first fully recycled concrete building called Recygenie.
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More Insights into the Recycled Concrete Aggregates Market Report
In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the global recycled concrete aggregates market, providing historical data from 2018 to 2022 and forecast statistics for the period 2023 to 2033. To understand the global market potential, growth, and scope, the market is segmented based on product type, form, application, end use, and region.
Recycled Concrete Aggregates Market Segmentation
By Product Type:
- Sand
- Gravel and Crushed Stone
- Cement Concrete
- Asphalt Pavement Debris
By Form:
- Unprocessed
- Processed
By Application:
- Roads & Pavement
- Bridges
- Bulk Fills & Riverbank Protection
- Concrete Manufacturing
- Others
By End Use:
- Residential
- Non-residential
By Region:
- North & Central America
- South America
- Northern Europe
- Southern & Western Europe
- CIS & Eastern Europe
- Middle East
- Africa
- Asia Pacific
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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