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Recycled concrete aggregates are characterized as formation of clusters with waste materials to curb the negative effect on the environment resulting from the cement manufacturing, thereby producing a more reliable option. The recycling concrete cycle means that valuable concrete aggregate materials can be repurposed, rather than wasted. This not only prevents overloading of landfills but also reduces the amount of natural resources used throughout concrete development. Blast furnace slag has also been considered a cement filler to improve the longevity of the mixture.
Recycled concrete aggregates witnesses robust demand in accordance with development in residential construction and expansion of infrastructures. Developing nations governments are implementing a wide variety of housing schemes and residential initiatives that have generated desire for cost cut, recycled building aggregates. In addition, road repair activities have contributed significantly to the degradation of natural resources, which has entailed the consumption of recycled concrete aggregates . But, parallel to rapid population growth, the influence of building and reconstruction waste is becoming a major concern altogether. In several developed countries policy initiatives including waste management programs are still in uncertainty. The lack of policy policies in developing countries is expected to remain a persistent obstacle, hindering the development of the demand for recycled concrete aggregates.
Key Market Driver -
Growth in construction and infrastructure industry is driving the market.
Key Market Restraint -
Inadequate development efforts of governments in developing economies to confines the market growth.
Based on type, the market for recycled concrete aggregates is segmented into crushed stone, sand & gravel, cement concrete and asphlt pavement debris. On the basis of application, residential, roads & bridges, and industrial. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The cargo hold coatings market is highly fragmented, with number of players operating in the global markets. Some of the key players in the cargo hold coatings market include, Delta Sand & Gravel Co., HeidelbergCement AG, Aggregate Industries Management, Inc., Green Stone Materials, CEMEX, Vulcan Materials Company, CESPA, LafargeHolcim Ltd., CRH Plc., and Tarmac.
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The recycled concrete aggregates market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In terms of both consumption and output the Asia-Pacific region dominates recycled concrete aggregates market. This can be attributed to the rising infrastructural development activities and growing awareness among consumers. Europe entered the market due to the high demand in the construction industry for environmentally friendly concrete aggregates, market liberalization to encourage factory optimization and increased supply for cost-effective and highly resilient building materials. The U.S. is a significant contributor to the recycled concrete aggregates market in North America. The main factor driving business growth in the US is the involvement of key players in the market. The Middle East and Africa are seeing sluggish growth due to the absence of expertise and limited knowledge of the benefits of recycled aggregates and changes in laws and regulations. As a result of increasing demand for commercial construction, Latin America is forecasted to see stable growth to enhance business development.
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