COVID-19 Analysis on the Global Recycled Construction Aggregates Market
A recent market research report on the Recycled Construction Aggregates market published by Fact.MR is an in-depth assessment of the current landscape of the market. Further, the report elaborates on the impact of the COVID-19 on the Recycled Construction Aggregates market and provides a thorough understanding of the growth potential of each market segment over the forecast period (2020-2030).
According to the analyst at Fact.MR, the Recycled Construction Aggregates market is evenly slated to register a CAGR growth of ~XX% during the assessment period and attain a value of ~US$ XX by the end of 2030. The report analyzes the micro and macro-economic factors that are projected to impact the growth of the Recycled Construction Aggregates market in the upcoming years. Further, a detailed analysis of the business continuity strategies of leading market participants is enclosed in the presented report.
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Key Insights Enclosed in the Report
- Key technological developments related to the Recycled Construction Aggregates
- Assessment of the product pricing strategies of prominent market players
- Country-wise analysis of the Recycled Construction Aggregates market in different regions
- Analysis of the COVID-19 impact on supply-demand, value chain, and consumption
- Adoption of the Recycled Construction Aggregates in various end-use industries
Segmentation of the Recycled Construction Aggregates Market
The presented report dissects the Recycled Construction Aggregates market into different segments and ponders over the current and future prospects of each segment. The report depicts the year-on-year growth of each segment and touches upon the different factors that are likely to influence the growth of each market segment. Further, projections are made taking into account the impact of the COVID-19 pandemic on the each market segment.
The various segments of the Recycled Construction Aggregates market analyzed in the report include:
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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 doubts related to the Recycled Construction Aggregates market clarified in the report:
- Which regional market is expected to witness the highest growth during the forecast period?
- How has the surging prices of raw materials during the COVID-19 pandemic impacted the growth of the Recycled Construction Aggregates market?
- Why are market players focusing on R&D and innovations?
- Are market players expanding their global presence? If yes, how?
- What is the estimated value of the Recycled Construction Aggregates market in 2020?
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