Dec 16 2009
Reportlinker.com announces that a new market research report is available in its catalogue: World Construction Aggregates Industry http://www.reportlinker.com/p0168096/World-Construction-Aggregates-Industry.html
Global demand to expand 2.9% annually through 2013
World construction aggregates demand is forecast to expand 2.9 percent annually through 2013 to 28.0 billion metric tons. The Asia/Pacific region will experience the most intense growth, as nonbuilding, residential building and nonresidential building construction spending in the area increases rapidly. A number of countries in the region are expected to post large gains, including China, India and Indonesia. China alone will account for three-fifths of all new global product demand between 2008 and 2013. The Africa/Mideast region and Eastern Europe are also projected to see sizeable advances in construction aggregates sales, spurred by industrialization activity and infrastructure construction. Product demand in Latin America, on the other hand, is forecast to remain flat through 2013 because of stagnant nonbuilding and nonresidential building construction expenditures. Growth in the developed parts of the world -- the US, Canada, Japan, Western Europe and Australia -- will not be as strong as in most industrializing areas. A slowdown in economic activity will cause construction spending in these areas to grow at a much slower pace than during the 2003-2008 period, limiting demand for construction aggregates. However, several countries, including South Korea, the Netherlands and the US, will still experience a substantial increase in product sales through 2013 because of gains in residential construction spending.
Stricter rules to boost recycled/ secondary aggregates
More stringent environmental and land use regulations will spur demand for recycled and secondary construction aggregates (e.g., blast-furnace slag, crushed hydraulic concrete) during the 2008-2013 period. The depletion of natural aggregate reserves in a number of nations will also contribute to the trend. Annual growth in the other product segments -- crushed stone, sand and gravel -- will be slightly less intense, ranging from two to three percent.
Residential construction to be fastest growing market
The residential market for construction aggregates is predicted to be the fastest growing end-use sector between 2008 and 2013. In industrializing countries, rising population levels and increased demand for urban housing will stimulate residential construction activity and aggregates demand. The US, however, will make the biggest contribution to residential market gains, as its housing market recovers from a period of sizeable declines.
Study coverage
This new report presents historical demand data (1998, 2003, 2008) plus forecasts for 2013 and 2018 by type, market, application, world region and for 23 countries. The study also considers market environment factors, evaluates market share and profiles 30 global industry competitors.
Source: http://www.reportlinker.com/