March 1, 2024

Recycled Construction Aggregates Market Poised for Significant Growth Due to Rising Demand for Sustainable Construction Materials

They provide several advantages over virgin aggregates including reduction in construction waste, lower environmental impact, and cost-savings. The global construction industry has been witnessing a boom in infrastructure development projects which has augmented the consumption of construction materials at an exponential rate. However, extraction of raw materials has depleted natural resources and caused environmental issues. This has boosted the demand for recycled construction aggregates that offer a sustainable solution.

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 2024 to 2030.

Key Takeaways
Key players operating in the Recycled Construction Aggregates are Apotheek Zur Rose, Viataal, Stichting De Apothekerscoöperatie, Holland Pharma.
The market provides several growth opportunities such as supporting government regulations on sustainable construction, expansion in commercial and residential construction sectors, and redevelopment projects in urban areas.
The global recycled construction aggregates market is expanding into new regions with supportive regulations and environmental policies. Asia Pacific region is emerging as a major market owing to rapid urbanization and mega infrastructure development projects in India and China. Europe and North America are also lucrative markets with stringent norms for recycling of construction waste.

Market drivers
The major market driver is the rise in awareness about environmental impact of raw aggregate extraction. Depletion of natural resources and pollution caused during mining process has accelerated the demand for recycled construction aggregates. Various government bodies globally have enacted laws to promote recycling and reuse of construction debris. For instance, European Union’s Waste Framework Directive aims to achieve 70% recycling target of non-hazardous construction and demolition waste by 2020. This has significantly boosted the recycled aggregates market.

PEST Analysis
Political: Regulations related to waste management and recyclability standards regarding construction materials have favored the growth of recycled construction aggregates market. Many countries have implemented construction waste management policies which fostered the demand for recycled aggregates.
Economic: The recycled construction aggregates market has grown owing to reduced construction costs and lower pricing of recycled aggregates as compared to virgin aggregates. Use of recycled aggregates helps cut costs for construction projects.
Social: Consumers today prefer environment-friendly and sustainable construction practices. The concept of circular economy has gained popularity. Contractors and builders actively promote use of recycled aggregates to portray commitment towards green building initiatives.
Technological: Advancements in aggregate recycling technology has improved the quality of aggregates derived from construction and demolition waste. Use of sensor-based sorting equipment and artificial intelligence aids in efficient recovery of aggregates from mixed debris.

Regions with High Market Concentration
Western Europe accounts for over 30% share of the global recycled construction aggregates market in terms of value. Countries like Germany, France, UK and Italy generate huge volumes of construction and demolition waste annually due to ongoing infrastructure projects, commercial and residential construction activities. Mature aggregates recycling infrastructure and supportive regulations have boosted market growth in the region.

Fastest Growing Regional Market
The recycled construction aggregates market in Asia Pacific region is poised to witness highest CAGR during the forecast period. Rapid urbanization and infrastructure development drives the generation of debris in countries like China, India and Indonesia. Favorable government initiatives for waste management and sustainability goals are supporting market expansion in the region.

1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it