Recycled concrete aggregates (RCAs) are materials obtained from the demolition of old concrete structures such as buildings, bridges, and roads. These materials are then crushed and screened into different sizes suitable for use in various construction applications.
Key Takeaways
Among application, the infrastructure segment held a significant position in the global recycled construction aggregates market in 2022. Owing to the increasing awareness regarding sustainable living and the growing disposable income, people have started switching to constructing green buildings from conventional office/residential spaces. This trend is expected to boost the demand for recycled construction aggregates during the forecast period.
Among regions, Asia Pacific is expected to account for a significant market share during the forecast period 2025-2032 owing to the increasing population in this region. Apart from this, factors such as the increasing disposable income and construction activities are also expected to favor the demand for recycled construction aggregates in this region during the forecast period. For instance, as per the World Bank’s data, in 2018, China recorded a population of 1.39 billion, which increased and reached 1.41 billion in 2021. Furthermore, as per the National Bureau of Statistics of China, in 2022, China's per capita disposable income was US$ 5,487 which is highest ever since 1978 and the per capita disposable income in rural areas was higher than that in urban areas. Moreover, as per the World Resources Institute, China is expected to spend around US$ 13 trillion on buildings by 2030. Therefore, the increasing number of construction activities in Asia Pacific are expected to boost the demand for recycled construction aggregates in this region during the forecast period.
Key features of the study:
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook