{"id":1805,"date":"2016-10-17T21:16:11","date_gmt":"2016-10-17T21:16:11","guid":{"rendered":"http:\/\/yinghuiinternational.com\/?p=1805"},"modified":"2016-10-17T21:16:11","modified_gmt":"2016-10-17T21:16:11","slug":"global-aggregates-industry-to-grow-5-per-cent-by-2020","status":"publish","type":"post","link":"https:\/\/yinghuiinternational.com\/index.php\/2016\/10\/17\/global-aggregates-industry-to-grow-5-per-cent-by-2020\/","title":{"rendered":"GLOBAL AGGREGATES INDUSTRY TO GROW 5 PER CENT BY 2020"},"content":{"rendered":"

\"The<\/p>\n

The market\u2019s predicted compound annual growth rate is 5.15 per cent from 2016 to 2020.<\/span><\/div>\n
\n

<\/h1>\n<\/div>\n
Posted October 17, 2016<\/span> | By Lewis Dyson \u2022 Journalist<\/span><\/em><\/div>\n
<\/div>\n
The output of the global construction aggregates market is predicted to increase more than five per cent over the next four years, according to a market research report.<\/span><\/div>\n

The study, Global Construction Aggregates Market – Key Trends and Opportunities<\/a> to 2020<\/em> published by Timetric, concluded the global construction industry had been \u201crelatively sluggish\u201d since 2015, reflecting a slowdown in the pace of expansion in China and weakness in key emerging markets.<\/p>\n

This slow rate of growth in aggregates was expected to continue into the rest of 2016; however, the report forecasted the construction industry would start gathering pace gain from next year.<\/p>\n

The global construction aggregates market would post a compound annual growth rate (CAGR) of 5.15 per cent over the period 2016 to 2020, it predicted.<\/p>\n

\u201cThis increase will be a result of government investment<\/a> in public infrastructure and positive developments in regional and global economic conditions,\u201d a Timetric company statement read.<\/p>\n

Although the global value of the market fell in 2015 in nominal US dollar terms, the report found it registered a CAGR of 0.95 per cent between 2011 and 2015.<\/p>\n

Asia-Pacific was the largest regional market for aggregates last year, accounting for 47.9 per cent of the global market. It was followed by North America and Europe with respective shares<\/a> of 21.5 per cent and 18 per cent.<\/p>\n

The statement also noted: \u201cImprovements in the global demand for aggregates over the forecast period are in line with the positive projections for construction industry growth, with the key drivers being investment in infrastructure and residential construction<\/a> in emerging economies, and anticipated recovery in regional and global economic conditions.\u201d<\/p>\n

The US and China<\/h6>\n

According to Timetric, the US would retain its position as the second largest market by 2020 and the prospects of the US construction industry were good due to a need to upgrade the country\u2019s ageing infrastructure.<\/p>\n

Despite the weakening of demand in China over the past couple of years, the country remained a \u201csizeable market\u201d, accounting<\/a> for 32.9 per cent of the global market in 2015.<\/p>\n

\u201cThe infrastructure construction market will be supported by government investments under the 13th <\/sup>five-year plan (2016-2020), through which the government plans to invest<\/a> CNY3.8 trillion ($AUD710 billion) in new rail projects and CNY1.7 trillion (AUD361 billion) in road infrastructure by 2020,\u201d it stated.<\/p>\n

The report\u2019s findings about China correlate with a recent report<\/a> by the Global Aggregates Information Network (GAIN) \u2013 a coalition of the major international aggregates associations across the world.<\/p>\n

As previously reported by Quarry<\/em>, GAIN noted China\u2019s aggregates output in 2016 remains at the 2015 level of 15 billion tonnes; however, the 13th <\/sup>five-year economic development programme requiring major further investment in infrastructure meant the sector\u2019s future looked bright for the next 15 to 20 years.<\/p>\n

The GAIN report found in all the countries where it has a presence, aggregate production tonnages were either stable or increasing, which bodes well for the industry as a whole.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

The market\u2019s predicted compound annual growth rate is 5.15 per cent from 2016 to 2020. Posted October 17, 2016 | By Lewis Dyson \u2022 Journalist The output of the global construction aggregates market is predicted to increase more than five per cent over the next four years, according to a market research report. The study, … Continue reading “GLOBAL AGGREGATES INDUSTRY TO GROW 5 PER CENT BY 2020”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[6],"tags":[],"class_list":["post-1805","post","type-post","status-publish","format-standard","hentry","category-mines-and-quarry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p83F9T-t7","jetpack-related-posts":[{"id":500,"url":"https:\/\/yinghuiinternational.com\/index.php\/2014\/10\/27\/outlook-positive-for-the-global-aggregates-industr\/","url_meta":{"origin":1805,"position":0},"title":"OUTLOOK POSITIVE FOR THE GLOBAL AGGREGATES INDUSTRY","author":"yinghui","date":"October 27, 2014","format":false,"excerpt":"By Stephanie Chan \u2022 Staff Journalist The world aggregates industry has enjoyed steady growth over nearly three decades, according to a new international report. 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