Growing Focus on Sustainable Construction Practices Boosts Recycled Construction Aggregates (RCA) Market
The global recycled construction aggregates (RCA) market was worth $33.3 billion in 2021 and is expected to grow at a 7.2% CAGR to $71.9 billion by the end of 2032.
At the moment, recycled construction aggregates account for 9.1% of the worldwide construction aggregates market. Their low cost and long-term viability contribute to widespread adoption.
There been a marked preference for recycled construction and crushed stone among manufacturers, in light of its relative cost-efficiency. Construction of a firm base in driveways, footpaths, and car parking, are key application areas where crushed stone witnesses significant adoption. Demand for crushed stone in the recycled construction aggregates market is further undergird by growing number of infrastructure development projects worldwide. High transportation and handling cost of crushed stones have led governments to carry out relevant production and recycling activities locally, thereby making them a feasible option among recycled construction aggregates.
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Fact.MR study expects Asia Pacific Excluding Japan (APEJ) to remain lucrative in the recycled construction aggregates market. The sales in APEJ is expected to exceed 2.3 million tons in 2018. As construction and demolition waste in APEJ is becoming a major issue, leading institutions of construction in the region are implementing demolition waste management programs.
Owing to the growth in construction, the construction and demolition waste in India is likely to increase. Government policies and laws are underway in India in line with proliferated construction activities, and recycling construction and demolition waste by converting it into aggregates is gaining widespread popularity as a sustainable measure.
China is likely to emerge as the largest consumer of recycled construction aggregates in the coming years. A massive rise in building and non-building construction is stimulating recycled construction aggregates sales in China. The healthier construction climate is likely to drive growth for recycled construction aggregates in Easter Europe. Germany is expected to hold a strong position in the recycled construction aggregates market. Recycled construction aggregates is emerging as an important source of aggregates in Britain, owing to the rise in demolition of old structures and construction of new building and structures.
The European Commission is focusing on introducing new guidelines and protocols on construction and demolition waste management with an aim to build trust in the quality of construction and demolition recycled materials. North America is also witnessing increasing use of recycled construction aggregates in road construction. States across the region are adopting regulations leading to the rise in the percentage of recycled asphalt pavement in the asphalt-based road construction.
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Adoption Remains Robust in Construction of Roads & Bridges
Government projects and private sector projects are focusing on using recycled construction aggregates, with an aim to build greener roads and bridges. Demolished materials are gaining popularity as recycled construction aggregates, due to the shortage of natural resources. New bridge construction and repair activities are at the forefront in Australia, China, North America and Europe to offer better connectivity.
Infrastructure companies are working on new projects, designing structures, connecting cities and towns to meet the growing demand to travel for business and leisure. Europe is likely to see rebuilding and repairing of roads and bridges. A recent study by the French government found that countries road network is in critical condition and a third of its road bridges require repairs. Around 300 bridges in Italy are at the risk of failure. Moreover, the Federal Highway Research Institute found that in Germany around 12.4% of roads and bridges are in bad condition.
RCA Industry Research Segmentation
- By Type :
- Sand and Gravel
- Crushed Stones
- Cement Concrete
- Asphalt Pavement Debris
- By End Use :
- Roads and Bridges
- Residential
- Industrial
- By Region :
- North America
- Latin America
- Europe
- APAC
- MEA
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Competitive Landscape
Manufacturers are focusing on creating sustainable values by providing recycled construction aggregates and other solutions to satisfy their clients’ construction requirements. Companies aim to provide customized solutions to clients to build long-term trade relations. In addition, they also emphasize the enhancement of their supply chains to increase their footprints. Hence, global expansion and building trade relations are key strategies being witnessed in this space.
- In August 2022, Turmec was awarded a US$ 29.9 million contract with Australia’s Rino Recycling to design, develop, and install a construction waste processing solution.
Key Companies Profiled
- Delta Sand & Gravel Co.
- HeidelbergCement AG
- Aggregate Industries Management, Inc.
- Green Stone Materials
- CEMEX, Vulcan Materials Company
- CESPA
- LafargeHolcim Ltd.
- CRH Plc.
- Tarmac
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