Global Sales of Construction Aggregates to Reach 53.2 Billion Metric Tons
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January 3, 2014 (www.investorideas.com newswire) Through 2017, worldwide sales of construction aggregates are forecast to expand 5.8 percent per year to 53.2 billion metric tons. Following recent declines from 2007 to 2012, aggregates demand is expected to rebound in North America and Western Europe. Eastern Europe is also expected to register faster growth. Freedonia analyst Gleb Mytko states, “The global market will continue to be driven by above average growth in the large Asia/Pacific and Africa/Mideast regions.” The nonbuilding market for construction aggregates is expected to outperform the building segment through 2017, as many countries will invest heavily in their public infrastructures. Crushed stone is expected to account for over one-half of all new product demand generated between 2012 and 2017. These and other trends are presented in World Construction Aggregates, a new study from The Freedonia Group, Inc., a Cleveland-based industry market research firm.
Between 2012 and 2017, more than 50 percent of all additional construction aggregates demand will be attributable to China, where massive gains in building and nonbuilding construction activity will stimulate sales. As the Chinese market matures, growth is expected to decelerate noticeably from the breakneck pace of the last decade. Aggregates consumption in India, the Asia/Pacific region’s second largest market, will expand at a somewhat faster pace than China through 2017.
The construction aggregates markets of Eastern Europe, North America and Western Europe are projected to expand between three and five percent per annum through 2017. As these regions recover from financial and fiscal crises, residential, commercial and public works construction activity will rebound, generating additional demand for aggregates. Eastern Europe and North America will record somewhat faster growth than Western Europe during the 2012-2017 period. In terms of major countries, Spain, Russia, the United States and Italy are expected to perform particularly well, due to a considerable amount of pent-up aggregates demand in these markets.
World Construction Aggregates (published 01/2014, 418 pages) is available for $6100 from The Freedonia Group, Inc. For further details or to arrange an interview with the analyst, please contact Corinne Gangloff by phone 440.684.9600 or e-mail email@example.com. Information may also be obtained through www.freedoniagroup.com.
A limited license to use or reprint information from this news release is granted to you provided attribution for the same – including, if possible, the price of the report – is given to The Freedonia Group, Inc. (Cleveland, OH). We would also appreciate the courtesy of receiving a copy of the article or publication in which we appear.
Corinne Gangloff Media Relations The Freedonia Group, Inc. Cleveland, OH phone: +1 440.684.9600 firstname.lastname@example.org
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