Global Recycled Construction Aggregates Market: Snapshot
The essential drive for recycled construction aggregates stem from the increasing trend of improving the sustainability of the construction industry. Recycled construction aggregates (RCA) are increasingly substituting naturals ones. These aggregates typically include concrete, recycled unbound materials, crushed bricks and masonry, and crushed asphalt. A salient characteristic that makes RCA preferable are their potential to come with good mix design, particularly by mixing them with supplementary cementitious materials. The environmentally friendly nature of recycling is a key aspect that is cementing the potential of the recycled construction aggregates market. The methods enable the industry stakeholders to recycle construction and demolition waste.
Countries that are concerned about the declining store of natural resources have been early adopters in the recycles construction aggregates market. A case in point is those of Europe.
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Recycled Construction Aggregates Market: Prominent Alternative of Construction Materials
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Recycled construction aggregates is one of the highly viable options for the construction industry to meet the requirement of sand, gravel, crushed rock & stones. The construction industry uses mined material and concrete for the construction of road, rails, bridges, residential buildings, and commercial complexes across the globe. This continuous extraction of natural resources is leading to a rapid deletion of non-renewable sources.
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Key Drivers of Recycled Construction Aggregates Market
· Recycled construction aggregates is a broad category materials that includes crushed stones, cement concrete, sand, and gravel. It has become an essential and effective alternative source for usage in residential construction and other infrastructure projects. Rapid expansion of the construction industry across the globe is expected to boost the demand for recycled construction aggregates during the forecast period.
· Rapid urbanization is boosting the demand for modern architectural designs for the construction of private and commercial buildings in various countries. This is projected to propel the demand for eco-friendly recycled construction aggregate materials in the next few years.
· Most countries such as the U.S., Canada, and Germany are emphasizing on reducing the extraction of natural resources such as sand & gravel, crushed stone, and other natural materials to protect damage to the environment across the country. These countries have enacted strong compliance policies for the development of recycled construction aggregates in the next few years.
Infrastructure Segment to Offer Attractive Opportunities
· Based on End-use, the recycled construction aggregate market can be categorized into residential, commercial, and infrastructure. Recycled construction aggregate is gaining momentum as a preferred material in infrastructure projects, especially for roads and bridge projects. Recycled construction material is getting an impetus from various infrastructure construction projects.
· Development projects majorly include construction of smart cities, smart buildings, and other infrastructure projects. This is projected to boost the demand for recycled construction aggregates during the forecast period.
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Key Players in Recycled Construction Aggregates Market
Large numbers of key recyclers operating in the global recycled construction aggregates market. Players operating in the recycled construction aggregates market include
· Delta Sand & Gravel
· Heidelbergcement AG
· Aggregate Industries Management Inc.
· Green Stone Materials
· CEMEX
· LafargeHolcim Ltd
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