by Recycled construction aggregates are obtained by processing demolished concrete and debris at construction and demolition sites. They are used as a substitute for natural aggregates in making new concrete and asphalt for new construction projects, thereby conserving natural resources and landfill space. Recycled construction aggregates have equivalent engineering properties as virgin aggregates and provide a cost-effective and eco-friendly solution for the construction industry. The growing demand for sustainable infrastructure development and stringent environmental norms regarding waste disposal are compelling government agencies and construction firms to adopt recycled construction aggregates on a large scale.
The global recycled construction aggregates market is estimated to be valued at US$ 46.87 Bn 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 key trends: The major trend driving the recycled construction aggregates market size includes implementation of stringent environmental regulations regarding the disposal of construction and demolition waste. Government agencies across countries are introducing policies to encourage the usage of recycled construction aggregates. For instance, the EU’s 2008 Waste Framework Directive makes recycled concrete the first choice for aggregate in infrastructure projects. India has mandated recycled concrete usage of 20-25% in all new highway projects. Technological advancements in processing plants for segregation, sorting and cleaning of waste materials have expanded the applications of recycled construction aggregates. Advancements in processing equipment allow for recyclables to meet geological specifications demanded in various infrastructure applications. This increased flexibility of usage fuels demand.
Porter’s Analysis
Threat of new entrants: Low. Significant capital requirements and economies of scale create barriers for new companies in this market.
Bargaining power of buyers: Moderate. Large buyers can negotiate lower prices, but recycled construction aggregates have fewer substitutes.
Bargaining power of suppliers: Moderate. A few dominant suppliers exist but barriers to entry are low for raw material suppliers.
Threat of new substitutes: Low. No close substitutes for recycled construction aggregates exist that offer the same sustainability benefits.
Competitive rivalry: High. Competition is fierce between aggregated companies for market share.
Key Takeaways
The global recycled construction aggregates market is expected to witness high growth. The global recycled construction aggregates market is estimated to be valued at US$ 46.87 Bn in 2024 and is expected to exhibit a CAGR of 8.5% over the forecast period 2023 to 2030.
Regional analysis: The Asia Pacific region dominates the global recycled construction aggregates market, both in terms of production and consumption. China is the leading market followed by India. Favorable government policies and strong economic growth are driving market growth.
Key players operating in the recycled construction aggregates market are Apotheek Zur Rose, Viataal, Stichting De Apothekerscoöperatie, Holland Pharma. Key players are focusing on expanding their product portfolios and global footprint through acquisitions and partnerships to meet the growing demand.
