Global Construction Aggregates Market to grow 5.2% annually to 2015

The report “World Construction Aggregates” states that the worldwide market for construction aggregates is expected to increase 5.2 percent per year to 2015 to 48.3 billion metric tons.

The Asia/Pacific region will see the highest increases in product sales, as nonbuilding, nonresidential building and residential building construction activity will all rise rapidly, particularly inChina,IndiaandIndonesia. 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.

TheEastern Europeand Africa/Mideast regions are also expected to see large 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.

Growth in demand in developed parts of the world, theUS,Canada,Japan,Western Europe,South KoreaandAustralia, and 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 utilise less concrete. However, most developed world markets, driven by an acceleration inGDPgrowth and sharp rebounds in construction spending in North America and Western Europe, will post solid gains after contracting between 2005 and 2010.

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