New York, Aug. 25, 2016 (GLOBE NEWSWIRE) -- According to the latest market report published by Persistence Market Research (PMR): The global construction aggregates market is anticipated to witness a Y-o-Y growth of 6.3% in 2016. Increasing activities in infrastructure and renovation sectors are amongst the key drivers propelling the demand for construction aggregates globally. In addition, the macroeconomic factors such as open-ended industrialization and urbanization will continue to drive substantial demand for construction aggregates. Other factors identified to impact the market include enhanced tourism, advancing commercial construction sector, and rapidly thriving residential construction sector. Growing preference among manufacturers for recycled aggregates and manufactured sand is currently a key trend in the market.
Environmental pollution due to extensive construction activities can pose a strong challenge to the growth of the global construction aggregates market. In addition, the market is also estimated to witness deterring growth owing to the challenges regarding transportation, technological limitations, and seasonal variations compelling restricted utilization. Depleting natural resources, a longstanding challenge, can also restrain the growth of the global construction aggregates market.
On the basis of product type, sand will remain the largest segment, accounting for 44 % revenue share of the market in 2016. The crushed stone segment will ramp in higher revenues as compared to gravel and other aggregates.
View and Download Report Table of Content (TOC), Figures, and Tables @ http://www.persistencemarketresearch.com/market-research/global-construction-aggregates-market/toc
Based on the application, the construction aggregates market is governed by four major applications, including residential, commercial, industrial, and infrastructure, among which infrastructure segment is expected to account for the highest revenue share.
On the basis of the region, China recorded a dominant market share of 26.7% in 2015. China is anticipated to lead the market in 2016, followed by North and Central America. India will also maintain a key position in the market. Other regions that are expected to represent stagnant market status throughout 2016. Northern Europe will witness sluggish growth owing to gradual economic recovery. Canada, Singapore, Kuwait, and Qatar were prominently identified to import construction aggregates in 2015, whereas China, Norway, Germany, and Ukraine are the major exporters.
Request Sample Report@ http://www.persistencemarketresearch.com/samples/11554
Key participants in the global construction aggregates market include Heidelberg Cement AG, Lafarge, Holcim, LSR Group, CEMEX S.A.B. de C.V., Vulcan Materials Company, CRH, Martin Marietta Materials, Inc., EUROCEMENT Group, and ADELAIDE BRIGHTON LTD.
Global construction aggregates market to witness moderate growth. Maximum demand for sand; China to lead the market, North & Central America, and India key markets.
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Persistence Market Research U.S. Sales Office: 305 Broadway, 7th Floor New York City, NY 10007 United States USA - Canada Toll-Free: 800-961-0353 Email: firstname.lastname@example.org Web: http://www.persistencemarketresearch.com Blog: https://pmrblog.com/
Source:Persistence Market Research