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Going Global


Green GlobeAug. 24, 2016 – According to the latest market report published by Persistence Market Research, the global construction aggregates market is anticipated to witness a year-over-year growth of 6.3 percent in 2016. Increasing activities in infrastructure and renovation sectors are among 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. On the basis of product type, sand will remain the largest segment, accounting for 44 percent revenue share of the market in 2016. The crushed stone segment will ramp in higher revenues as compared to gravel and other aggregates.