The global Recycled Construction Aggregates Market Growth Accelerated by Sustainable Construction Practices

-

Recycled construction aggregates are crushed rock pieces reused for building and infrastructure construction to save mining of natural resources. They are safe, durable and eco-friendly alternatives to natural aggregates. Construction projects increasingly adopt recycled aggregates to reduce environmental impact.

The global Recycled Construction Aggregates Market is estimated to be valued at US$ 46.87 Bn in 2023 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 increasing adoption of sustainable construction practices among developers and governments is a major factor driving growth of the recycled construction aggregates market. Construction projects are increasingly embracing sustainable materials like recycled aggregates to lower carbon footprint and support green growth. Government policies and subsidies promote use of recycled aggregates as a substitute for natural construction materials. Rapid growth in construction activities along with focus on sustainability has augmented the demand for recycled construction aggregates across regions over the forecast period.

Segment Analysis
The global recycled construction aggregates market size is dominated by the crushed stone segment. Crushed stone accounts for over 70% of the market share as it is the most cost effective substitute for virgin aggregates. Being one of the most abundant natural resources, crushed stone provides an environmental and economical alternative to landfilling as concrete and asphalt can be recycled for reuse.

Key Takeaways
The global recycled construction aggregates market is expected to witness high growth over the forecast period of 2023 to 2030. The global Recycled Construction Aggregates Market is estimated to be valued at US$ 46.87 Bn in 2023 and is expected to exhibit a CAGR of 8.5% over the forecast period 2023 to 2030.

Regional analysis
North America currently dominates the global recycled construction aggregates market and is expected to maintain its leading position throughout the forecast period. Strict regulations regarding landfills and initiatives by governments for sustainable construction are driving the use of recycled aggregates in the region. The Asia Pacific region is expected to be the fastest growing market and will account for over 30% of the global demand by 2030. Rapid infrastructure development and growing construction spending in countries such as India and China is supporting market growth.

Key players
Key players operating in the recycled construction aggregates market are Apotheek Zur Rose, Viataal, Stichting De Apothekerscoöperatie, and Holland Pharma. Apotheek Zur Rose is a leading player with a wide global footprint. Viataal has a strong presence in Europe while Stichting De Apothekerscoöperatie and Holland Pharma dominate the Dutch market.

Get more insights on this topic: https://www.newsstatix.com/recycled-construction-aggregates-market-driven-by-rising-environmental-concerns/

 

Comments

Post a Comment

Popular posts from this blog

The global Calcium Citrate Malate Market Growth Accelerated by Expanding Applications

-
Image
Calcium citrate malate is an essential mineral compound that provides calcium and supports bone health. Calcium citrate malate supplements help maintain healthy bones and teeth as we age. They support calcium absorption and distribution throughout the body. The global Calcium Citrate Malate Market is estimated to be valued at US$ 334.08 Mn in 2024 and is expected to exhibit a CAGR of 8.4% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The expanding applications of calcium citrate malate are expected to drive the market growth over the forecast period. Calcium citrate malate supplements are increasingly being used to prevent and treat osteoporosis. They are especially recommended for people who cannot digest lactose or avoid dairy products. The compound is also finding wider use in functional foods and beverages with added calcium and minerals. Manufacturers are developing various product formats like...
Read more

Labor Productivity Tracking Market Growth Accelerated by Remote Work and Digitalization Trend

-
Image
Labor productivity tracking solutions help businesses and organizations track employee productivity in real-time. These solutions offer features like time tracking, activity monitoring, goal setting, resource allocation, attendance logging, and analytics. They help enhance productivity by identifying opportunities for improvement, streamlining workflows, and ensuring employees are focused on tasks that add value. The global Labor Productivity Tracking Market is estimated to be valued at US$ 6.81 Billion in 2024 and is expected to exhibit a CAGR of 38% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The rapid adoption of remote work and digitalization trend across industries during the pandemic has been a major driver accelerating growth of the labor productivity tracking market. Many organizations have now accepted work from home and hybrid work models. Labor productivity tracking solutions help employers...
Read more

Tamponades is fastest growing segment fueling the growth of the Global Vitreous Tamponades Market

-
Image
The global Vitreous Tamponades Market is estimated to be valued at US$ 83.89 Mn in 2023 and is expected to exhibit a CAGR of 2.5% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Overview : Vitreous tamponades are substances used to seal retinal breaks and provide internal tamponade during vitrectomy surgeries. They help stabilize the retina and promote posterior vitreous detachment. The different types of tamponades include gases, silicone oils and perfluoro-n-octane. Market key trends : One of the key trends in the market is the preference for non-silicone tamponades over traditional silicone oils. Silicone oils have been commonly used but are difficult to remove and can cause complications. Newer tamponades such as perfluorocarbon liquids and gases provide effective internal tamponade with better removal properties. They minimize complications and improve surgical outcomes leading to their increased demand. Segment ...
Read more