Recycled Construction Aggregates Market to Gain Significant Momentum owing to Increasing Focus on Sustainable Construction
Recycled Construction Aggregates Market to Gain Significant Momentum owing to Increasing Focus on Sustainable Construction
Recycled construction aggregates are aggregates produced by crushing waste construction materials like demolished old buildings, roadwork remains and excavated materials.

Recycled Construction Aggregates Market to Gain Significant Momentum owing to Increasing Focus on Sustainable Construction

Recycled construction aggregates have significantly less embodied energy as compared to primary aggregates produced from mining of virgin stone from quarries. Using recycled construction aggregates helps in reducing the need for landfilling of construction waste and also conserves natural resources. Recycled construction aggregates have properties almost comparable to virgin aggregates and can replace up to 30%-40% of primary aggregates used in concrete and other construction applications. The rising costs of primary aggregates and increasing efforts towards sustainable construction are driving the demand for recycled construction aggregates globally.

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 of 2024 to 2030.

Key Takeaways
Key players operating in the Recycled Construction Aggregates market are Apotheek Zur Rose, Viataal, Stichting De Apothekerscoöperatie, Holland Pharma. Some of the major opportunities in the market include growing infrastructure development activities in developing countries and stringent regulations promoting use of recycled materials in construction. Geographically, Europe is the leading recycled construction aggregates market currently however fastest growth is expected from the Asia Pacific region owing to increasing construction activities in China and India.

Market Drivers and Restrain
The major driver for the Recycled Construction Aggregates market is the growing focus on sustainable construction globally. With increasing awareness regarding the environmental impact of construction waste and depletion of natural resources, regulatory bodies across countries are promoting use of recycled materials in construction projects. This is expected to drive significant demand for recycled construction aggregates over the coming years.

The key restrain for the Recycled Construction Aggregates market is the higher costs associated with processing of construction waste to produce aggregates of comparable quality to primary aggregates. Collection and sorting of heterogeneous construction and demolition waste followed by processing requires significant capital investments and operating costs. This makes recycled aggregates somewhat more expensive than primary aggregates currently hampering faster adoption. However, with increasing scarcity of landfilling space and natural quarries, recycled aggregates are expected to become more economically viable over the coming years.

Segment Analysis

The recycled construction aggregates market is segmented based on type into crushed stone, sand & gravel, cement concrete, asphalt pavement debris. Among these, cement concrete dominates accounting for around 35% share owing to significant availability of concrete waste from construction and demolition activities.

Global Analysis

The Asia Pacific region currently holds the largest share of the recycled construction aggregates market and is expected grow at a CAGR of over 9% during the forecast period. Presence of emerging economies like China and India which generates significant construction waste combined with implementation of strict regulations regarding construction waste disposal in countries like Japan, South Korea are driving the market in the region. Europe is another major region and is expected to grow at a CAGR of around 8% owing to regulations promoting recycling and reuse of construction waste in countries like Germany, UK, France and Italy.

For more Insights, Read –
https://www.newswirestats.com/recycled-construction-aggregates-market-market-size-and-share-analysis/
 

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