by Recycled construction aggregates refer to the aggregates produced from the debris resulted from construction, renovation and demolition activities. These aggregates find widespread applications in the construction of pavements, road bases and pipe beddings, among others. The growing awareness regarding environmental protection and the need for sustainable construction practices have boosted the demand for recycled construction aggregates in recent years. Being more eco-friendly and cost-effective as compared to natural aggregates, recycled construction aggregates provide an economical and sustainable alternative. Rapid infrastructure development across both developed and developing economies has led to increased investments in transportation, commercial and residential construction projects, thereby driving the consumption of construction materials including aggregates.
The Global recycled construction aggregates market is estimated to be valued at US$ 54 Bn in 2024 and is expected to exhibit a CAGR of 8.5% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the recycled construction aggregates are Apotheek Zur Rose, Viataal, Stichting De Apothekerscoöperatie, Holland Pharma. These players are engaged in expanding their production capacities and geographical footprints to grab widening market opportunities.
Increasing awareness regarding green construction is opening new growth avenues for Recycled Construction Aggregates Market Demand manufacturers. Various government initiatives promoting use of recycled materials for infrastructure projects are encouraging market growth.
Asia Pacific accounts for a major share in the global recycled construction aggregates market and is expected to witness strong growth during the forecast period driven by rapid industrialization and infrastructure development projects in countries like China and India. Other regions like North America and Europe are also expanding their recycled construction aggregates markets supported by stringent environmental norms.
Market Drivers
Rising infrastructure development activities across both developed and developing countries necessitate massive Recycled Construction Aggregates Market including aggregates. This is a key driver bolstering the demand for eco-friendly and cost-effective recycled construction aggregates. Surging investments in roadway, housing and commercial construction projects are catalysing the market growth. Various government regulations promoting sustainable construction practices through incentives and mandates are also propelling the recycled construction aggregates market.
PEST Analysis
Political: Construction industry regulations favor use of recycled construction aggregates over newly quarried aggregates to reduce landfill waste. Governments offer tax benefits for use of recycled materials in construction.
Economic: Use of recycled construction aggregates helps reduce raw material costs for construction companies. It also saves costs that would be incurred for disposal of construction waste in landfills.
Social: Growing environmental awareness among public favors use of recycled materials. Recycled construction aggregates reduce the need for quarrying new aggregates thus helping conserve natural resources and reducing air and noise pollution from quarrying activities.
Technological: Advancements in construction waste sorting technologies improve quality and yield of recycled aggregates. New designs of construction mixes enable higher percentage substitution of recycled aggregates for virgin aggregates in applications like road construction.
The recycled construction aggregates market in terms of value is currently concentrated in North American and European regions due to stringent construction waste disposal regulations in countries like USA, Canada, Germany, UK, France etc. Both these regions together accounted for over 60% share of the global recycled construction aggregates market in 2024 driven by high demand from repair and renovation of existing infrastructure in countries with aging building stock as well as new infrastructure projects.
The fastest growing region for recycled construction aggregates market is expected to be Asia Pacific region led by countries like China, India and Indonesia. This growth can be attributed to rapid urbanization and infrastructure development activities in these countries coupled with rising environmental regulations favoring waste reduction and recycled material usage in the construction industry.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it.
