Technavio released a report saying that the construction aggregates market in the US is expected to grow by $17.14 billion from 2023 to 2028. This substantial growth is primarily driven by an increasing interest in sustainable construction practices and government regulations.
In shedding more light on this forecasted growth, a recently published article offers insights. According to a Cision's PR Newswire article, the factor driving the growth of the construction aggregates market is namely the rising desire for sustainable construction practices. Environmental conditions, resource scarcity, and government regulations are all pushing this greater emphasis on sustainably based construction work. Likewise, increasing awareness of the impacts on the environment caused by modern practices is pushing this market. Also, resource scarcity is driving a higher focus on environmental sustainability.
To better understand what constitutes construction aggregates, it's helpful to refer to a professional industry perspective. According to an article from the Association of Equipment Manufacturers, construction aggregates are the building blocks of our society, being the most fundamental material in construction. They are used as foundations for roads, bridges, and buildings. Aggregates are used incredibly frequently, with 38,000 tons of aggregates being necessary to construct one lane mile of interstate highway. Made from natural sources like gravel, crushed stone, and sand, aggregates are the rawest materials in construction. Binding agents like water, cement, and asphalt are mixed with aggregates to form compound materials.
It’s important also to have background information about Technavio—the entity that issued this report—in order to fully appreciate its validity and scope. According to their online About Us page, Technavio is a leading global market research report company. They focus on creating intelligible and calculated market reports. "Technavio is based on four simple principles: easy-to-access reports, robust industry coverage, a focus on new and emerging technologies, and competitive pricing. We believe in helping companies and executives become better equipped to make faster, sounder, and more effective decisions." They began making personalized reports in 2003, and created their first ready-made report in 2008.