A Bried Explainer on the Different Types of Construction Aggregates and the Important Factors Responsible for the Industry’s Rise

The construction sector is an important component of any country’s national economy. This is because of two important reasons-it helps in the creation of physical infrastructure, and it is a labor-intensive sector. Furthermore, the allied industries of construction sector such as the construction aggregates market also contribute significantly to the economy. Hence, growth in the construction sector and its allied industries is critical for a sustained growth of the economy.

Different types of construction aggregates

Since the expanse of the construction sector has widened, different types of construction aggregates have come up in the market. These aggregates are suitable for different construction projects as they have different features and properties. For instance, granite aggregates are used for manufacturing high-grade concrete. This is because of granite’s frost-resistant property which makes it an ideal candidate for concrete manufacturing. In fact, granite is one of the most used aggregates in the construction industry. 

Along with granite, limestone is also an essential component of concrete manufacturing. Due to its basic nature, limestone aggregates are primarily used in cases where the soil is acidic, and the pH value needs to be neutralized. Sandstone is another popular construction aggregate material. It is made up of sedimentary rocks which gives it a granular structure. There are different types of sandstones with different toughness coefficients which are mainly used in manufacturing asphalt concrete. 

An important point to note in construction aggregates is that, though there are different types available, the processes that are used in their manufacturing are similar. Stripping, extraction, and processing are the three main processes used in construction aggregates manufacturing. These quarrying processes help in obtaining the rocks which form the basic raw materials for manufacturing these aggregates.

Factors responsible for the growth in market

The first and foremost factor responsible for the massive growth in the construction aggregates market is the rapid urbanization that is taking place across the globe. The rising pace of urbanization has led to a similar increase in the pace of industrialization. This has further led to bettering the market’s growth prospects. The global construction aggregates market is predicted to grow at a healthy CAGR of 5.2% during the 2023-2032 period owing to these factors. 

Another important factor which has worked in the favor of the market is the technological advancements that have taken place in the field of aggregates manufacturing. These technological advancements are aimed at maximizing the output of quarrying processes. Thus, these advancements have made it possible to extract huge amounts of aggregates using sustainable mining and quarrying processes. Strategic acquisitions by leading companies have also indirectly impacted on the market’s growth. For instance, in January 2023, Holcim announced that it was acquiring Pioneer Landscape Centers’ aggregate quarries in Denver, Colorado, and Phoenix. As per a statement released by Holcim, this will help the company to address the demands of the market in a more comprehensive manner. Such acquisitions not only expand the operational capabilities of the acquiring company but also help the market to enlarge its footprint across the globe.

The construction aggregates market, to summarize, is witnessing a golden period of growth due to the rising pace of urbanization. Technological advancements and strategic alliances between leading companies will further create growth opportunities in the market in the coming period.

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