Sales of construction aggregates in the United States are forecast to expand at a 2.9 percent annual pace through 2019 to 2.8 billion metric tons (Gt), continuing to recover from the steep declines that occurred as a result of the country’s 2007-2009 economic recession and outperforming both its North American neighbors.
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World Demand for Aggregates to Grow 5.2 Percent
The worldwide market for construction aggregates is projected to advance to 51.7 billion metric tons in 2019, representing an annual growth rate of 5.2 percent. Residential building applications for aggregates will be driven by upturns in the housing markets of developed countries and by rising personal incomes in developing countries, which will spur demand for more modern housing.
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