China and India, two major aggregates markets in the close future

By the end of 2025, the global construction aggregates market is estimated to grow at compound annual growth rate of 5.3% with the total amount of market valuation of $ 592.7 bn, according to the new report by Persistence Market Research.

China and India seem to be two major players that will emerge from 2017-2025. The materials which will contribute to rise the global construction aggregates markets involve the sand, the crushed stone and thew gravel.

The sand holding 44% of market share will dominate the market, the crushed stone accounting of more than 40% of market share by the end of 2017 will be the most attractive and thew gravel will also rise by 5%, the report said.

China, by the end of 2025 is anticipated to hold around 26.8% market value share and India, with its strategy to improve the service life of public utilities and robust urbanization will increase demand for construction aggregates.