World market for construction aggregates to rise 5.2% annually through 2015
The worldwide market is expected to increase 5.2 percent per year through 2015 to 48.3 billion metric tons. This represents a slower rate of growth than during the 2005-2010 period, reflecting a moderation in aggregates-intensive nonbuilding construction activity. Nevertheless, demand for construction aggregates will still post solid gains from 2010 to 2015. The Asia/Pacific region will register the largest increases in product sales, as nonbuilding, nonresidential building and residential building construction activity will all rise rapidly, particularly in China, India and Indonesia. China alone will account for half of all new aggregates demand worldwide, and the Asia/Pacific market will account for more than seventenths of global growth during the 2010- 2015 period.
The Eastern Europe and Africa/Mideast regions are also expected to undergo sizable expansion in consumption of construction aggregates, stimulated by infrastructure development projects and strong growth in general economic activity. While the Central and South American market will climb at a somewhat slower pace, aggregates suppliers will benefit from solid gains in regional construction spending.
Expansions in demand in developed parts of the world -- the US, Canada, Japan, Western Europe, South Korea and Australia -- will not be as strong as in most industrializing areas. This is primarily due to the already well-developed and extensive infrastructures found in these countries and construction methods that tend to utilize less concrete. However, most developed world markets, driven by an acceleration in GDP growth and sharp rebounds in construction spending in North America and Western Europe, will post solid gains after contracting between 2005 and 2010.This upcoming industry study, World Construction Aggregates, presents historical demand data (2000, 2005, 2010) with forecasts for 2015 and 2020 by product, market, application, world region and for 19 major countries. The study also details market environment factors, evaluates company market share data and profiles industry competitors.
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