A recent study published by Fact.MR on the global Recycled Construction Aggregates market offers an in-depth understanding of the overall prospects of the market. The study also broadly covers the impact of the novel COVID-19 pandemic on the Recycled Construction Aggregates market and offers insights related to how market participants should align their business operations to mitigate losses and retain their foothold in the current market landscape. Further, the summary of the key findings of the research along with the megatrends influencing the growth of the Recycled Construction Aggregates market is highlighted in the presented study. The market introduction and definition is included to help our readers understand the basic concepts of the study on the Recycled Construction Aggregates market.
As per the report, the Recycled Construction Aggregates market is set to grow at a CAGR of ~XX% over the forecast period (20XX-20XX) and reach a value of ~US$XX towards the end of 2029. The regional trade analysis along with the leading importers and exporters is included in the study. In addition, the supply-demand analysis and the key developments in the Recycled Construction Aggregates market are highlighted in the report. Although the Recycled Construction Aggregates market is slated to grow at a consistent pace during the forecast period, the COVID-19 pandemic is expected to dent the growth of the market particularly in 2020.
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Important Findings of the Report
- Analysis of the factors that are expected to hinder the growth of the market
- Competition analysis within the Recycled Construction Aggregates market
- Notable observable trends across various regional markets amidst the COVID-19 pandemic
- Pricing strategies and market structure of the Recycled Construction Aggregates market in different geographies
- Regulatory and government policies impacting the Recycled Construction Aggregates market
Segmentation of the Recycled Construction Aggregates Market
This chapter of the report highlights the current market size (US$) and includes the volume analysis and forecast for various geographical regions.
The application analysis in the report offers a clear understanding of how the Recycled Construction Aggregates is used in different applications.
This chapter of the report throws light on the supply-demand pattern for the different products within the Recycled Construction Aggregates market.
competitive landscape, get in touch with our experts.
Outpouring Construction & Demolition Waste Necessitate Adoption of Recycled Construction Aggregates
Rapid urbanization, and proliferation in construction and infrastructure development activities allude significant amount of waste being generated worldwide, which has been a key environment concern among industrialists. Continued emphasis on the environmental conservation has further instigated the critical need for recycling and reusing construction materials. According to the European Commission, construction and demolition waste account for nearly 25%-30% of the waste generated in the EU. Estimations from the US Environmental Protection Agency (EPA) state that, in 2015, around 548 million tons of construction and demolition debris was generated in the US. Significant efforts are being taken by governments in countries such as the US, the Netherlands, and Germany, apropos of construction and demolition waste recycling and reuse. Introduction of new standards by the EU for recycling and reuse of construction and demolition waste in drainage, building, roads, and other construction projects, has further created growth opportunities for the recycled construction aggregates market.
Fact.MR’s study offers incisive insights on the recycled construction aggregates market. A summary of the report is available upon request.
Resurgent Growth in Residential Construction and Infrastructure Development to Uphold Demand
Recycled construction aggregates continue to witness robust demand in line with growth of the residential construction and infrastructure development projects worldwide. According to the Global Construction 2030, published by Global Construction Perspectives and Oxford Economics, the worldwide construction output is likely to reach $15.5 trillion by 2030, with US, China, and India accounting 57% of the global growth.
Governments in developing countries are introducing a wide range of housing schemes and residential programs, which has created demand for cost-effective, recycled construction aggregates. Additionally, road construction activities have significantly contributed to natural resource depletion, which has necessitated adoption of recycled construction aggregates in the area.
Major highway projects are underway in many countries to provide better connectivity, creating opportunities for business. Old building and bridges are being increasingly demolished in Europe, owing to the structural deterioration beyond repairs. Hence, recycling of demolition waste is emerging as a feasible solution in new construction after demolition of old structures. EU under the Waste Framework Directive aims to recycle around 70% of construction and demolition waste by 2020.
Inadequate Development Efforts of Governments in Developing Economies to Confine Sales
Recycled construction aggregates are emerging as an effective alternative to the conventional sources, with the use of recycled construction aggregates becoming a prominent trend in developed regions. However, lack of initiatives by governments in the developing countries such as China, Africa, and India is expected to remain a longstanding challenge, hampering the growth of recycled construction aggregates market. The impact of construction and demolition waste is becoming a major issue in developing regions, in parallel to the rapid urbanization. The government interventions including policies for waste management is still in limbo in some of the developing countries. Compared to pace of urbanization in developing countries, the measures for construction and demolition waste management are sluggish. Additionally, lower affordability of recycling and reuse of construction aggregates, coupled with slower penetration of construction waste such as broken bricks and concrete, will continue to remain key challenges to growth of the recycled construction aggregates in developing economies.
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Recycled construction aggregates are the materials that are developed by processing inorganic materials previously used in construction. Recycled construction aggregates involves removing and crushing existing aggregates into the materials of specific size and quality. Various types of recycled construction aggregates are sand & gravel, crushed stone, asphalt pavement debris, and cement concrete.
About the Report
The report on the recycled construction aggregates market provides market dynamics including trends, drivers, and challenges that are likely to influence the current market scenario and future status of the recycled construction aggregates market. The report offers in-depth analysis, key insights, historical data, and forecast on the recycled construction aggregates market.
The report also highlights competition in the market and important factors that are shaping the overall growth in the recycled construction aggregates market. Region-wise and segment-wise analysis of the recycled construction aggregates market is also included in the report to provide better understanding and outlook of the market for the forecast period.
The report provides details on each segment in the recycled construction aggregates market. The recycled construction aggregates market is segmented based on the type and end-use. These segments are further bifurcated into sub-segments, to offers insights on the recycled construction aggregates market.
On the basis of type, the recycled construction aggregates market is segmented into crushed stone, cement concrete, asphalt pavements debris, and sand & gravel. Based on the end-use, the recycled construction aggregates market is divided into residential, roads & bridges, and industrial.
Additional Questions Answered
The report on the recycled construction aggregates market along with the in-depth analysis also provides answers to some of the important questions on the recycled construction aggregates market.
- What will be the revenue share of cement concrete in the recycled construction aggregates market?
- Which will be the most lucrative region in the recycled construction aggregates market?
- What will be the volume share of road & bridges in terms of the end-use of recycled construction aggregates?
- What factors are influencing the growth of recycled construction aggregates market?
The report provides an in-depth analysis of the recycled construction aggregates market based on the extensive research methodology. The report has been developed with the help of data obtained during primary and secondary research. Interviews were conducted with the industry experts, distributors, manufacturers in the recycled construction aggregates market.
The data and information collected during secondary research was cross-checked with the valid data sources and with insights from market experts. Bottom-up and top-down approaches has been used to develop the report. Research has also been done to offer historical data, forecast, and current scenario in the recycled construction aggregates market.
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Important questions pertaining to the Recycled Construction Aggregates market catered to in the report:
- What is the projected revenue generated by the Recycled Construction Aggregates market in 2018?
- What are the future prospects of the Recycled Construction Aggregates market post the COVID-19 pandemic?
- What is the scope for innovation in the Recycled Construction Aggregates market?
- How have government policies impacted the growth of the Recycled Construction Aggregates market?
- Which region has the highest concentration of tier 1 companies?
Reasons to Buy From Fact.MR
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