Global Sales of construction aggregates to soar
Ohio, US, January 5, 2014
Global sales of construction aggregates are forecast to expand 5.8 per cent per year to reach 53.2 billion tonnes through 2017, said a report.
Following recent declines from 2007 to 2012, aggregates demand is expected to rebound in North America and Western Europe, while Eastern Europe is expected to register faster growth, according to World Construction Aggregates, a new study from the Freedonia Group, a Cleveland (Ohio)-based industry market research firm.
Freedonia analyst Gleb Mytko said: “The global market will continue to be driven by above average growth in the large Asia/Pacific and Africa/Mideast regions.”
The non-building market for construction aggregates is expected to outperform the building segment through 2017, as many countries will invest heavily in their public infrastructures, the study stated.
During the period from 2012, more than 50 per cent of all additional construction aggregates demand will be attributable to China, where massive gains in building and non-building construction activity will stimulate sales, it said.
Meanwhile, aggregates consumption in India, the Asia/Pacific region’s second largest market, will expand at a somewhat faster pace than China through 2017.
The study also pointed out that as Eastern Europe, North America and Western Europe recover from financial and fiscal crises, residential, commercial and public works construction activity will rebound, generating additional demand for aggregates. - TradeArabia News Service