Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Recycled Concrete Aggregates Market size was USD 9.7 billion in 2024 and is estimated to reach USD 23.4 billion by the end of 2037, expanding at a CAGR of 7.1% during the forecast period, i.e., 2025-2037. In 2025, the industry size of recycled concrete aggregates is assessed at USD 10.3 billion.
Carbon emission concerns are emerging as the major factor fueling the sales of recycled concrete aggregates. For instance, the World Green Building Council (GBC) states that nearly 30.0% of energy-related carbon emissions are generated by buildings. This is bifurcated as 28.0% from operational emissions and 11.0% from conduction & materials. New construction from now to 2050 is expected to be responsible for half of the entire carbon footprint. This threat to the carbon budget is necessitating governments and builders worldwide to invest in zero carbon emission or renewable materials and chemicals.
Under the initiative Bringing Embodied Carbon Upfront the World GBC estimates all new constructions related to buildings, renovations, or infrastructure are expected to have 40.0% less embodied carbon, and by 2050 this is likely to reach net zero operational carbon. Sustainability trends and climatic commitments are creating a lucrative environment for recycled concrete aggregate manufacturers. For instance, the U.S. Geological Survey (USGS) states that recycled aggregates are a profitable resource for conservation. Decreasing availability of landfill space, environmental and disposal concerns, and aging infrastructure are collectively boosting concrete recycling. The majority of recycled aggregate originating from demolition debris and construction is likely to offer double-digit percent revenue growth for recycled concrete aggregates market players.
Recycled Concrete Aggregates Market: Growth Drivers and Challenges
Growth Drivers
- Green buildings amplifying recycled concrete aggregate sales: The green building trend is backing the sales of sustainable construction solutions including recycled concrete aggregates. The growing importance of environmental protection among industries and individuals is contributing to increasing trade activities of sustainable products and solutions. For instance, U.S. Green Building Council states that green construction is profitable for economic growth. Furthermore, the same source in November 2024, revealed that over 195,000 Leadership in Energy and Environmental Design (LEED) projects across 186 economies are estimated to mitigate nearly 120 million metric tons of CO2 emission. This highlights that the growth in green building projects is poised to propel the demand for recycled concrete aggregates across the world.
- Circular economy and infrastructure growth offering lucrative opportunities: The increasing popularity of the circular economy model in the construction sector is set to uplift the demand for recycled concrete aggregates during the foreseeable period. The growth in the urban and industrial developments in both developing and developed economies is pushing the sales of construction materials. In this scenario, the development of new structures, demolition of aging infrastructure, and boasting registrations of commercial and residential structures are creating a win-win space for recycled concrete aggregate manufacturers. For instance, the study by the Global Infrastructure Outlook a G20 Initiative reveals that the investment need in infrastructure globally is expected to expand from USD 3.4 trillion in 2024 to USD 4.6 trillion by 2040.
Challenges
- Conventional concrete aggregates’ major challengers: Recycled concrete aggregates are witnessing high competition from their conventional counterparts owing to their cost-effectiveness and long use. Low prices and market dominance are driving the attention of end users to conventional concrete aggregates. Continuous innovations and pricing strategies are estimated to aid recycled concrete aggregate manufacturers maximize their sales in the coming years.
- Quality & performance concerns: The variability in quality, texture, and structure of recycled concrete aggregates is estimated to hinder their sales. Poor workability has the potential to challenge the durability of the structure and lead to the recall of the products. Furthermore, some construction projects prefer virgin concrete aggregates over recycled ones for high performance. Thus, performance concerns are expected to lower the sales of recycled concrete aggregates in the coming years.
Recycled Concrete Aggregates Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
7.1% |
|
Base Year Market Size (2024) |
USD 9.7 billion |
|
Forecast Year Market Size (2037) |
USD 23.4 billion |
|
Regional Scope |
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Recycled Concrete Aggregates Segmentation
Product (Unprocessed, Processed)
Unprocessed segment is set to dominate around 66.3% recycled concrete aggregates market share by the end of 2037. The cost-effectiveness of unprocessed recycled concrete aggregates is primarily backing their sales growth. The versatile application of recycled concrete aggregates such as from base materials for roads to the development of new concrete is further driving overall trade. Public-private partnerships in large-scale projects are opening lucrative doors for recycled concrete aggregate manufacturers. Furthermore, modern advancements and mixed design & quality control measures are uplifting the sales of unprocessed recycled concrete aggregates.
Application (Roadway & Pavement, Bridges, Bulk Fills & Riverbank Protection, Concrete Manufacturing, Others)
By the end of 2037, roadway & pavement segment is estimated to dominate around 34.5% recycled concrete aggregates market share. Countries invest in road infrastructure projects to keep pace with other economies worldwide. The robust investments in road development are poised to propel the recycled concrete aggregate sales in the coming years. For instance, according to the Organisation for Economic Co-operation and Development (OECD), the transport infrastructure investment spending for roads in Australia was calculated at USD 17.4 billion in 2022. Furthermore, the Global Infrastructure Outlook a G20 Initiative also estimates that the current investment trends in the road infrastructure sector are evaluated at USD 26 trillion.
Our in-depth analysis of the global recycled concrete aggregates market includes the following segments:
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Product |
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Application |
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Customize this ReportRecycled Concrete Aggregates Industry - Regional Scope
North America Market Forecast
North America in recycled concrete aggregates market is set to capture over 44.1% revenue share by 2037. The strict government regulations on carbon emissions and policies encouraging recyclability are propelling the recycled concrete aggregate trade. The booming construction activities and infra-upgrade projects are driving high sales of recycled concrete aggregates. Furthermore, continuous innovations are leading to the development of innovative and improved recycled concrete aggregates. The green building trend is also backing the recycled concrete aggregate sales in the U.S. and Canada.
In the U.S., the presence of green building associations that offer certifications is generating high-earning opportunities for recycled concrete aggregate manufacturers. For instance, the U.S. Green Building Council (USGBC) disclosed that there are over 1,437 LEED projects in the country. The sustainability trend and government support it set to double the revenues of recycled concrete aggregate producers in the coming years. Massachusetts is holding the top position in green building projects.
|
State |
Projects |
Gross Area (Square Feet) 2024 |
Gross Square Feet Per Capita |
|
Massachusetts |
132 |
34,821,100 |
4.95 |
|
Illinois |
102 |
51,471,672 |
4.02 |
|
New York |
170 |
69,443,439.93 |
3.44 |
|
Washington |
90 |
23,310,976.6 |
3.03 |
|
Maryland |
100 |
17,143,359.52 |
2.78 |
|
California |
437 |
101,894,046 |
2.58 |
|
Texas |
205 |
75,052,176.11 |
2.58 |
|
Nevada |
29 |
7,677,907.81 |
2.47 |
|
Colorado |
64 |
13,884,040.35 |
2.40 |
|
Virginia |
108 |
20,023,606 |
2.32 |
Source: U.S. Green Building Council (USGBC)
The substantial investments in infrastructure developments in Canada are expected to drive the sales of recycled concrete aggregates. Government support through funding and other initiatives is propelling construction activities, generating high-profit opportunities for recycled concrete aggregate manufacturers. For instance, the government through the Investing in Canada Infrastructure Program has funded over USD 33.0 billion. The green infrastructure stream is also fueling the demand for recycled concrete aggregates.
Asia Pacific Market Statistics
The Asia Pacific recycled concrete aggregates market is projected to expand at a robust pace between 2025 to 2037. The boasting investment strategies by the governments in the region are set to promote the sales of recycled concrete aggregates in the coming years. The robust infrastructure development actions are explaining a strong trade for recycled concrete aggregates. Urban and industrial growth coupled with sustainability goals are fueling the demand for eco-friendly construction materials including recycled concrete aggregates.
Building new from old initiatives is set to propel the sales of recycled concrete aggregates in China. The urban growth is substantially supporting the recycled concrete aggregate demand in the country. The boasting cement demand for infrastructure projects coupled with circular economy goals are likely to fuel recycled concrete aggregate demand in the years ahead. The government invested around USD 679.0 billion in infrastructure development through the Belt and Road Initiative (BRI) between 2013 to 2021.
India is likely to benefit significantly from its infrastructure sector owing to high domestic as well as foreign investments. The country is investing heavily in infrastructure to meet its USD 5.0 trillion targets by 2025, according to the India Brand Equity Foundation (IBEF) report. The same source states that 15 national highway projects worth USD 1.7 billion were opened in June 2022 by the concerned Ministry. By 2028, 5 airport projects worth USD 12.1 billion are expected to be inaugurated. This highlights the boasting infrastructure sector is creating a lucrative space for recycled concrete aggregates market in the country.
Companies Dominating the Recycled Concrete Aggregates Market
- Cementos Molins
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Southern Crushes Concrete
- Top Grade Site Management LLC
- Arcosa Inc.
- Boral Ltd.
- Breedon Group plc
- CEMEX SAB de CV
- CRH Plc
- Heidelberg Materials AG
- Holcim Ltd.
- Martin Marietta Materials Inc.
- Recycled Concrete Products
- Rogers Group Inc.
- RW Sidley Inc.
- Sika AG
- SUEZ SA
Recycled concrete aggregate is emerging as the most profitable business for both existing as well as new companies owing to sustainability trends and climatic commitments. The start-ups are investing heavily in R&D to develop innovative recycled concrete aggregates to stand apart from the crowd. The leading companies are employing several organic and inorganic marketing strategies such as new product launches, technological innovations, mergers & acquisitions, partnerships & collaborations, and global expansions to earn high profits and reach to wider customer base. Organic sales are poised to offer double-digit percent growth for market players during the assessed period.
Some of the key players include in recycled concrete aggregates market:
In the News
- In February 2024, Cementos Molins announced the launch of new cement and concretes with low carbon emissions. These 2 new products are introduced under the company’s Sustainability Roadmap 2030 strategy.
- In June 2024, Heidelberg Materials North America announced the introduction of Revolve recycled concrete aggregates. Through this move, the company expanded its portfolio beyond cement and virgin aggregates.
Author Credits: Rajrani Baghel
- Report ID: 7309
- Published Date: Mar 07, 2025
- Report Format: PDF, PPT
