Through 2017, worldwide sales of construction aggregates are forecast to expand 5.8%/year to 53.2 billion tonnes.
Following recent declines from 2007-2012, aggregates demand is expected to rebound in North America and Western Europe. Eastern Europe is also expected to register faster growth.
The global market will continue to be driven by above average growth in the large Asia/Pacific and Africa/Mideast regions,” says Freedonia analyst Gleb Mytko.
The non-building 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 2012-2017. These and other trends are presented in World Construction Aggregates, a new study from The Freedonia Group, a Cleveland, USA-based industry market research firm.
Between 2012-2017, more than 50% of all additional construction aggregates demand will be attributable to China, where massive gains in building and non-building 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 3-5%/year through to 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.
| Item | 2007 | 2012 | 2017 | 2007 - 2012 | 2012 - 2017 |
|---|---|---|---|---|---|
| Construction Aggregates Demand | 30.300 | 40.150 | 53.200 | 5.8% | 5.8% |
| North America | 3.800 | 3.050 | 3.750 | -4.3% | 4.2% |
| Western Europe | 3.275 | 2.550 | 3.000 | -4.9% | 3.3% |
| Asia/Pacific | 17.350 | 27.000 | 36.500 | 9.2% | 6.2% |
| Other Regions | 5.875 | 7.550 | 9.950 | 5.1% | 5.7% |
World Construction Aggregates (418 pages) is available for $6,100 from The
