Market Dynamics:
Growing infrastructure development activities is a key driver for the construction aggregates market. According to World Bank, the global infrastructure spending is estimated to be over $94 trillion by 2040. Growing construction of roads, bridges, railways, airports and commercial buildings will generate robust demand for crushed stones and gravel. The other major driver is increasing investments in green buildings and sustainable construction. There is a rising emphasis on use of recycled and eco-friendly construction materials to reduce carbon footprint of the building industry. This is fueling adoption of recycled aggregates in construction activities and supporting market growth.

Key Takeaways

The Global Construction Aggregates Market Size is expected to witness high growth, exhibiting CAGR of 4.8% over the forecast period, due to increasing investments in infrastructure development projects across major economies. Growth in population and rapid urbanization especially in Asia Pacific region is driving the need for housing and transportation infrastructure which requires large volumes of construction aggregates.

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