- Published: Friday, 03 January 2014 14:05
- Written by Mark Kuhar
January 3, 2014 - Aggregates is poised to dominate. Through 2017, worldwide sales of construction aggregates are forecast to expand 5.8 percent per year to 53.2 billion metric tons. These and other trends are presented in World Construction Aggregates, a new study from The Freedonia Group Inc., a Cleveland-based industry market research firm.
Following recent declines from 2007 to 2012, aggregates demand is expected to rebound in North America and Western Europe. Eastern Europe is also expected to register faster growth. Freedonia analyst Gleb Mytko stated, “The global market will continue to be driven by above average growth in the large Asia/Pacific and Africa/Mideast regions.” The nonbuilding market for construction aggregates is expected to outperform the building segment through 2017, as many countries will invest heavily in their public infrastructures. Crushed stone is expected to account for over one-half of all new product demand generated between 2012 and 2017.