Aggregates markets in Great Britain will return to the levels seen in 2007 by 2020, according to a report by BDS Market Research.
Currently, demand is nearly 20% lower than it was ten years ago.
Andy Sales, author of the report, said, “The aggregates industry can expect encouraging market growth for the next few years. Yet by 2020, this will only bring the industry back to 2007 levels, which at the time, was regarded as a fairly typical year.”
BDS reported the importance of added value asphalt and concrete markets to aggregates companies. Over 40% of aggregates are now sold into these sectors. There have also been noticeable trends within individual aggregates sectors. For example markets for lower grade materials have largely been lost to recycled and secondary aggregates.