Lightweight Aggregates Market is Witnessing a Healthy CAGR of 5.1%, To Reach US$ 2965.2 Million During the Forecast Period 2024-2030 | The Market Reports.
| Published date | 18 March 2024 |
M2 PRESSWIRE-March 18, 2024-: Lightweight Aggregates Market is Witnessing a Healthy CAGR of 5.1%, To Reach US$ 2965.2 Million During the Forecast Period 2024-2030 | The Market Reports
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RDATE:18032024
Witnessing a robust 5.1% CAGR, the Lightweight Aggregates Market is poised to reach $2.97 billion by 2030. Fuelled by construction projects' demand for sustainable materials, lightweight aggregates offer enhanced structural properties.
Synopsis
Lightweight aggregates (LWA) are defined as construction materials that have a bulk density lower than that of common construction aggregates, it can used in concrete to make the structure lighter. In this report, the lightweight aggregate divided into light coarse aggregate and light fine aggregate, includes fly ash, pumice, clay ceramsite, shale ceramsite, expanded perlite and others.
The global Lightweight Aggregates Market was valued at US$ 2084.7 million in 2023 and is anticipated to reach US$ 2965.2 million by 2030, witnessing a CAGR of 5.1% during the forecast period 2024-2030.
North America is the largest production of lightweight aggregate, with a production market share nearly 40%. The main players in the market are Arcosa, Leca, LafargeHolcim, Boral Limited, Cemex, etc. Arcosa has the largest market share, close to 8%. There are many types of lightweight aggregates such as expansive clay and expanded shale, which are mainly used in residential buildings, commercial buildings, etc.
This report aims to provide a comprehensive presentation of the global market for Lightweight Aggregates, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Lightweight Aggregates.
Report Scope
The Lightweight Aggregates market size, estimations, and forecasts are provided in terms of output/shipments (K MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Lightweight Aggregates market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and...
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