The Latest Aggregate Industry Statistics Explained
The aggregate industry employs over 100,000 skilled and well-paid workers directly in the United States.
The statistic “The aggregate industry employs over 100,000 skilled and well-paid workers directly in the United States” indicates that a significant number of individuals are working in the aggregate industry in the country. The term ‘aggregate industry’ typically refers to the mining and production of materials such as sand, gravel, and crushed stone used in construction and infrastructure projects. By emphasizing that these workers are skilled and well-paid, the statistic highlights the importance and value of the industry to the economy, as it provides job opportunities for a substantial workforce with specialized expertise. The employment of over 100,000 workers also underscores the scale and significance of the aggregate industry within the U.S. labor market.
The US aggregate industry produces about 2.2 billion tons of crushed stone, sand and gravel each year.
The statistic indicates that the aggregate industry in the United States has a substantial output, producing approximately 2.2 billion tons of crushed stone, sand, and gravel annually. This high level of production reflects the industry’s significant role in providing essential materials for various construction projects, infrastructure development, and other applications. The sheer quantity of aggregate materials being produced points to the scale of demand within the country, highlighting the importance of the industry in supporting economic growth, job creation, and overall development in the United States.
The UK mineral extraction industry (including aggregate) contributed £235 Billion to the economy in 2014.
The statistic that the UK mineral extraction industry, which includes aggregates, contributed £235 billion to the economy in 2014 signifies the significant economic importance of this industry to the country. Mineral extraction involves the process of extracting valuable minerals and materials from the earth, which are essential for various sectors such as construction, manufacturing, and infrastructure development. The substantial contribution of £235 billion demonstrates the industry’s role in generating revenue, creating jobs, and fueling economic growth in the UK. This statistic highlights the key role that the mineral extraction industry plays in supporting the overall economy and underlines the need to sustainably manage and develop this sector to continue reaping its economic benefits in the future.
Sand and gravel, part of aggregate materials, accounted for about 47% of total US production in 2020.
The statistic indicates that in 2020, sand and gravel, which are categorized as aggregate materials, constituted 47% of the total production in the United States. This suggests that sand and gravel played a significant role in the overall output of materials in the country during that year. Aggregate materials like sand and gravel are commonly used in construction, infrastructure projects, and various industrial applications, highlighting their importance to the economy. The high percentage of total production attributed to sand and gravel underscores their widespread usage and demand in various sectors, making them a critical component of the materials industry in the US.
In Canada, in 2019, the total value of shipments of sand, gravel, clay, and ceramic and refractory minerals mining and quarrying was approximately 2.7 billion Canadian dollars.
In Canada in 2019, the total value of shipments in the sand, gravel, clay, and ceramic and refractory minerals mining and quarrying industry reached around 2.7 billion Canadian dollars. This statistic suggests that the extraction of these mineral resources played a significant role in the Canadian economy that year. The value of shipments reflects the overall production and sales activities within this sector, indicating the level of economic activity and demand for these materials. Furthermore, the considerable monetary value highlights the importance of the mining and quarrying industry in Canada, contributing to employment, trade, and economic growth in the country.
The production value of sand and gravel in Sweden was roughly 1.4 billion Swedish kronor in 2018.
The statistic indicates that the production value of sand and gravel in Sweden in 2018 was approximately 1.4 billion Swedish kronor. This figure represents the total economic value of the sand and gravel extracted and sold within the country during that year. The production value is a key indicator of the significance of the sand and gravel industry within the Swedish economy, reflecting both the scale of extraction activities and the level of demand for these materials. This statistic can be used to track trends in the industry, analyze its contribution to the overall economy, and inform policy decisions related to the management and regulation of natural resources in Sweden.
The aggregate industry in India is expected to reach to $670 Million by 2024.
This statistic indicates that the total value of the aggregate industry in India is projected to grow significantly, reaching $670 million by the year 2024. This forecast suggests a positive trend in the industry’s growth and economic impact within the Indian market. Factors such as increased construction activities, infrastructure development, and government initiatives may contribute to this anticipated expansion. This statistic provides valuable insights for businesses, investors, and policymakers, highlighting the potential opportunities and significance of the aggregate industry in India’s economic landscape over the next few years.
The global market for construction aggregates is expected to grow at a CAGR of 5.4% by 2022.
This statistic indicates the projected growth rate of the global market for construction aggregates, such as crushed stone, sand, and gravel, over the period until 2022. The compound annual growth rate (CAGR) of 5.4% suggests that the market is anticipated to expand steadily at an average annual rate of 5.4% during this timeframe. This growth may be driven by factors such as increasing infrastructure development projects, urbanization, and the rise in construction activities worldwide. The steady growth rate implies a promising outlook for businesses operating in the construction aggregates industry, with opportunities for expansion and profitability in the coming years.
The concrete aggregate segment is expected to hold a major share of the aggregate market by production volume, due to a rise in construction activities.
This statistic indicates that the concrete aggregate segment is projected to dominate the aggregate market in terms of production volume, primarily driven by an increase in construction activities. Concrete aggregate, which typically consists of sand, gravel, crushed stone, and other materials, is a key component in construction projects to create strong and durable concrete structures. The growing construction sector is likely fueling the demand for concrete aggregate as infrastructure development and building construction projects surge. This trend suggests that the demand for concrete aggregate is expected to continue rising, making it a significant player in the overall aggregate market based on production volume.
The Asia-Pacific region is the largest consumer of the aggregate with its consumption making up over 50% of the global total.
This statistic indicates that the Asia-Pacific region, encompassing countries in Asia and Oceania, is the dominant consumer of the aggregate material, accounting for more than half of the total consumption worldwide. This suggests that the demand for aggregate, which is commonly used in construction and infrastructure projects, is heavily driven by countries within the Asia-Pacific region. The region’s significant consumption of aggregate underscores its rapid economic growth, urbanization, and infrastructure development compared to other regions. This statistic not only highlights the importance of the Asia-Pacific region in the global aggregate market but also implies potential implications for the region’s construction industry, resource management, and environmental sustainability efforts.
The global aggregates market size was estimated at $463.48 billion in 2020.
The statistic stating that the global aggregates market size was estimated at $463.48 billion in 2020 represents the total value of all aggregates produced and sold worldwide during that year. Aggregates are granular materials such as sand, gravel, crushed stone, and recycled concrete used in construction activities. This statistic provides an indication of the scale and importance of the aggregates industry on a global scale, reflecting the significant demand for these materials in infrastructure development, construction projects, and various other applications. The market size figure serves as a key metric for stakeholders in the industry, helping to understand the overall market trends, potential growth opportunities, and economic impact of the aggregates sector on a global scale.
The global aggregate market is projected to reach USD 607.9 billion by 2026.
This statistic indicates that the total value of the aggregate market worldwide is estimated to grow to USD 607.9 billion by the year 2026. This projection suggests a positive trend in the industry, with an anticipated increase in the demand and consumption of aggregates for various construction and infrastructure projects on a global scale. Factors such as urbanization, industrialization, and infrastructure development are likely contributing to this growth, leading to higher demand for materials like sand, gravel, crushed stone, and other aggregates used in construction works. This projection serves as a valuable insight for businesses, policymakers, and investors looking to understand and capitalize on opportunities in the global aggregate market in the coming years.
The aggregate industry in the US contributes $27 billion to the nation’s gross annual output.
The statistic “The aggregate industry in the US contributes $27 billion to the nation’s gross annual output” means that the total value of goods and services produced by the aggregate industry in the US adds $27 billion to the overall economic output of the country in a year. This figure represents the monetary value of all final goods and services produced by the aggregate industry, including activities such as mining, quarrying, and processing of materials like sand, gravel, and crushed stone. The contribution from the aggregate industry plays a significant role in the US economy by supporting jobs, generating income, and providing essential materials for various construction and infrastructure projects across the country.
Over 90% of all aggregate is moved by dump truck to its final destination.
The statistic that over 90% of all aggregate is moved by dump truck to its final destination highlights the significant role dump trucks play in the transportation of aggregate materials. This suggests that dump trucks are the predominant mode of transport for these materials, indicating that they are well-suited for the task due to factors such as capacity, efficiency, and accessibility. The statistic also implies that other modes of transportation for aggregate, such as trains or conveyor belts, are relatively less utilized compared to dump trucks. Overall, this statistic underscores the importance of dump trucks in the aggregate industry’s supply chain and logistics operations.
The average American uses about 10 tons of aggregate material each year.
The statistic that the average American uses about 10 tons of aggregate material each year refers to the total amount of various types of materials such as sand, gravel, and crushed stone that an individual consumes annually. This aggregate material is primarily used in construction and infrastructure projects, including roads, buildings, and bridges. The high quantity indicates the significant impact of individual consumption on the demand for natural resources and the environmental footprint associated with resource extraction and processing. Monitoring and managing aggregate consumption is crucial for sustainable development and responsible resource utilization in order to minimize environmental impacts and promote conservation efforts in the construction industry.
Out of all the countries in the world, China consumes the most aggregates, taking up about 30% of global demand.
This statistic indicates that China has the largest share of aggregate consumption globally, accounting for roughly 30% of the total demand for aggregates across all countries. Aggregates, such as sand, gravel, and crushed rock, are essential raw materials used in construction, infrastructure development, and various industrial processes. The high level of aggregate consumption in China suggests the significant scale of construction and development activities within the country, reflecting its rapid urbanization, infrastructure growth, and industrial expansion. This statistic highlights China’s importance in the global aggregates market and its substantial impact on the demand for such materials worldwide.
According to a report by Allied Market Research, the global ceramic tiles market size was $84.94 billion in 2015, and is projected to reach $145.94 billion by 2022, registering a CAGR of 8.1% from 2016 to 2022, a category closely related to the aggregate industry.
The statistic provided indicates that the global ceramic tiles market experienced significant growth between 2015 and the projected figures for 2022. The market size in 2015 was $84.94 billion, and it is forecasted to reach $145.94 billion by 2022, representing a Compound Annual Growth Rate (CAGR) of 8.1% over the period from 2016 to 2022. This growth suggests a strong and consistent increase in demand for ceramic tiles, likely driven by factors such as urbanization, construction activities, and interior design trends. The mention of the ceramic tiles market being closely related to the aggregate industry implies that it is connected to larger construction and infrastructure sectors, highlighting its importance within the broader economy.
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