World Construction Aggregates

As Quoted In The Economist

Demand gains for crushed stone and alternative aggregates -- such as recycled concrete, fly ash, and slag -- will, be stimulated by healthy gains in all types of construction thru much of the world. Residential building applications for aggregates will be fueled by upturns in the housing markets of developed countries and by rising personal incomes in developing countries, which will spur demand for more modern housing.

Illegal mining activities restricting growth in developing markets

According to the study World Construction Aggregates from The Freedonia Group, sand and gravel reserves are shrinking across much of the world, and illegal sand mining plagues a number of developing markets that have rapidly growing sand consumption requirements. As efforts to curb illegal mining activities have been largely unsuccessful, sand and gravel reserves in many countries are expected to be depleted at a rapid pace through 2019. This will result in price hikes, especially in urban centers where demand for aggregates is sizable, and will lead construction firms to turn to more favorably priced items. Alternative aggregates, in particular, are typically price-competitive with virgin aggregates since they are construction and industrial waste products that would otherwise be sent to a landfill.

China to remain largest consumer, will represent nearly half of global sales

Freedonia forecasts gains will be fastest in the Asia/Pacific region, with India, Indonesia, Vietnam, and Malaysia recording the most rapid increases. Although growth in the Chinese market will slow going forward, China will remain by far the largest national consumer of aggregates in 2019. The Africa/Mideast region will also record rapid growth, with all major national markets recording gains above the world average. In Central and South America, a number of government-backed affordable housing programs will help resuscitate the region’s residential construction industry and support aggregates market gains.

Hydraulic concrete applications to expand most rapidly

Hydraulic concrete will remain the largest application for construction aggregates through 2019. Sales in concrete applications will expand at an above average pace as well, fueled by gains in cement demand in all sectors of the construction industry. While growth will not be as sizable or rapid, demand in asphalt applications will represent an improved performance over the 2009-2014 period. This application will be bolstered primarily by an improved construction market in North America and Western Europe, where asphalt paving is most intensively used.

Study coverage

World Construction Aggregates analyzes the world construction aggregates industry. It presents historical data (2004, 2009 and 2014) and forecasts (2019 and 2024) for markets demand (e.g., residential, nonresidential, nonbuilding), plus demand by product (e.g., crushed stone, sand gravel, other) and by application (e.g., hydraulic concrete, asphaltic concrete, road base and coverings, other), in 6 regions and 37 major countries. The study also considers market environment factors, assesses industry structure, evaluates company market share and profiles global industry competitors.

Freedonia's market research studies provide timely access to reliable, unbiased analysis from which to benchmark performance and answer critical questions: Is your business growing faster or slower than the overall market? Is your organization gaining or losing market share? Which products and markets are the most desirable to explore for expansion? Are there industry trends or competitor activities that present a threat or opportunity to your business?

Studies offer a great ROI and can help business leaders make informed, analytically driven decisions. When considering the time, effort, and expertise that goes into it, our off-the-shelf research saves our clients time and money.

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  1. World Construction Aggregates

    $6,300.00

    1. 1 INTRODUCTION

      $235.00

    2. 2 EXECUTIVE SUMMARY

      $142.00

      1. Table | CONSTRUCTION AGGREGATES DEMAND

    3. 3 MARKET ENVIRONMENT

      $1,851.00

      1. 3.1 General

        $82.00

      2. 3.2 World Economic Overview

        $227.00

        1. 3.2.1 Recent Historical Trends

          $82.00

        2. 3.2.2 World Economic Outlook

          $141.00

          1. Table | WORLD GROSS DOMESTIC PRODUCT BY REGION

      3. 3.3 World Demographic Overview

        $206.00

        1. 3.3.1 World Population Outlook

          $97.00

          1. Table | WORLD POPULATION BY REGION

        2. 3.3.2 Urban Population Outlook

          $83.00

          1. Table | WORLD URBAN POPULATION BY REGION

      4. 3.4 World Construction Outlook

        $556.00

        1. Table | WORLD CONSTRUCTION EXPENDITURES BY REGION

        2. 3.4.1 Residential Building Construction

          $143.00

          1. Table | WORLD RESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES BY REGION

        3. 3.4.2 Nonresidential Building Construction

          $82.00

          1. Table | WORLD NONRESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES BY REGION

        4. 3.4.3 Nonbuilding Construction

          $89.00

          1. Table | WORLD NONBUILDING CONSTRUCTION EXPENDITURES BY REGION

        5. 3.4.4 World Paved Road Overview

          $97.00

          1. Table | WORLD PAVED ROADS BY REGION

      5. 3.5 World Cement Overview

        $176.00

        1. Table | WORLD CEMENT DEMAND BY REGION

      6. 3.6 Construction Aggregates Pricing Patterns

        $116.00

        1. Table | WORLD CONSTRUCTION AGGREGATES PRICING PATTERNS

      7. 3.7 Technology Trends

        $214.00

      8. 3.8 Environmental & Regulatory Considerations

        $294.00

        1. 3.8.1 Waste Disposal & Recycling

          $88.00

        2. 3.8.2 Health & Safety Issues

          $82.00

    4. 4 OVERVIEW

      $1,340.00

      1. 4.1 General

        $82.00

      2. 4.2 World Construction Aggregates Market

        $1,258.00

        1. Table | WORLD CONSTRUCTION AGGREGATES DEMAND BY REGION

        2. CHART III-1 WORLD CONSTRUCTION AGGREGATES DEMAND BY REGION, 2004-2024

        3. 4.2.1 Demand by Market

          $352.00

          1. Table | WORLD CONSTRUCTION AGGREGATES DEMAND BY MARKET

          2. CHART III-2 WORLD CONSTRUCTION AGGREGATES DEMAND BY MARKET, 2014

          3. Table | WORLD RESIDENTIAL BUILDING CONSTRUCTION AGGREGATES DEMAND BY REGION

          4. Table | WORLD NONRESIDENTIAL BUILDING CONSTRUCTION AGGREGATES DEMAND BY REGION

          5. Table | WORLD NONBUILDING CONSTRUCTION AGGREGATES DEMAND BY REGION

        4. 4.2.2 Demand by Product

          $411.00

          1. Table | WORLD CONSTRUCTION AGGREGATES DEMAND BY PRODUCT

          2. CHART III-3 WORLD CONSTRUCTION AGGREGATES DEMAND BY PRODUCT, 2004-2024

          3. Table | WORLD CRUSHED STONE DEMAND BY REGION

          4. Table | WORLD SAND DEMAND BY REGION

          5. Table | WORLD GRAVEL DEMAND BY REGION

          6. Table | WORLD DEMAND FOR OTHER CONSTRUCTION AGGREGATES BY REGION

        5. 4.2.3 Demand by Application

          $362.00

          1. Table | WORLD CONSTRUCTION AGGREGATES DEMAND BY APPLICATION

          2. CHART III-4 WORLD CONSTRUCTION AGGREGATES DEMAND BY APPLICATION, 2014

          3. Table | WORLD HYDRAULIC CONCRETE DEMAND BY REGION

          4. Table | WORLD ROAD BASE & COVERINGS DEMAND BY REGION

          5. Table | WORLD ASPHALTIC CONCRETE DEMAND BY REGION

          6. Table | WORLD DEMAND FOR CONSTRUCTION AGGREGATES USED IN OTHER APPLICATIONS BY REGION

    5. 5 NORTH AMERICA

      $1,038.00

      1. 5.1 North America: General

        $82.00

      2. 5.2 North America: Construction Aggregates Markets

        $86.00

        1. Table | NORTH AMERICA: CONSTRUCTION AGGREGATES MARKETS

        2. CHART IV-1 NORTH AMERICA: CONSTRUCTION AGGREGATES DEMAND BY COUNTRY, 2014

      3. 5.3 North America: Products & Applications

        $111.00

        1. Table | NORTH AMERICA: CONSTRUCTION AGGREGATES DEMAND BY PRODUCT & APPLICATION

      4. 5.4 United States

        $303.00

        1. 5.4.1 United States: General

          $82.00

        2. 5.4.2 United States: Construction Aggregates Markets

          $90.00

          1. Table | UNITED STATES: CONSTRUCTION AGGREGATES MARKETS

        3. 5.4.3 United States: Products & Applications

          $142.00

          1. Table | UNITED STATES: CONSTRUCTION AGGREGATES DEMAND BY PRODUCT & APPLICATION

      5. 5.5 Canada

        $224.00

        1. 5.5.1 Canada: General

          $82.00

        2. 5.5.2 Canada: Construction Aggregates Markets

          $82.00

          1. Table | CANADA: CONSTRUCTION AGGREGATES MARKETS

        3. 5.5.3 Canada: Products & Applications

          $84.00

          1. Table | CANADA: CONSTRUCTION AGGREGATES DEMAND BY PRODUCT & APPLICATION

      6. 5.6 Mexico

        $245.00

        1. 5.6.1 Mexico: General

          $82.00

        2. 5.6.2 Mexico: Construction Aggregates Markets

          $82.00

          1. Table | MEXICO: CONSTRUCTION AGGREGATES MARKETS

        3. 5.6.3 Mexico: Products & Applications

          $102.00

          1. Table | MEXICO: CONSTRUCTION AGGREGATES DEMAND BY PRODUCT & APPLICATION

    6. 6 WESTERN EUROPE

      $2,050.00

      1. 6.1 Western Europe: General

        $87.00

      2. 6.2 Western Europe: Construction Aggregates Markets

        $107.00

        1. Table | WESTERN EUROPE: CONSTRUCTION AGGREGATES MARKETS

        2. CHART V-1 WESTERN EUROPE: CONSTRUCTION AGGREGATES DEMAND BY COUNTRY, 2014

      3. 6.3 Western Europe: Products & Applications

        $107.00

        1. Table | WESTERN EUROPE: CONSTRUCTION AGGREGATES DEMAND BY PRODUCT & APPLICATION

      4. 6.4 Germany

        $244.00

        1. 6.4.1 Germany: General

          $82.00

        2. 6.4.2 Germany: Construction Aggregates Markets

          $82.00

          1. Table | GERMANY: CONSTRUCTION AGGREGATES MARKETS

        3. 6.4.3 Germany: Products & Applications

          $96.00

          1. Table | GERMANY: CONSTRUCTION AGGREGATES DEMAND BY PRODUCT & APPLICATION

      5. 6.5 France

        $256.00

        1. 6.5.1 France: General

          $93.00

        2. 6.5.2 France: Construction Aggregates Markets

          $82.00

          1. Table | FRANCE: CONSTRUCTION AGGREGATES MARKETS

        3. 6.5.3 France: Products & Applications

          $98.00

          1. Table | FRANCE: CONSTRUCTION AGGREGATES DEMAND BY PRODUCT & APPLICATION

      6. 6.6 Italy

        $259.00

        1. 6.6.1 Italy: General

          $99.00

        2. 6.6.2 Italy: Construction Aggregates Markets

          $82.00

          1. Table | ITALY: CONSTRUCTION AGGREGATES MARKETS

        3. 6.6.3 Italy: Products & Applications

          $88.00

          1. Table | ITALY: CONSTRUCTION AGGREGATES DEMAND BY PRODUCT & APPLICATION

      7. 6.7 United Kingdom

        $217.00

        1. 6.7.1 United Kingdom: General

          $82.00

        2. 6.7.2 United Kingdom: Construction Aggregates Markets

          $82.00

          1. Table | UNITED KINGDOM: CONSTRUCTION AGGREGATES MARKETS

        3. 6.7.3 United Kingdom: Products & Applications

          $87.00

          1. Table | UNITED KINGDOM: CONSTRUCTION AGGREGATES DEMAND BY PRODUCT & APPLICATION

      8. 6.8 Spain

        $249.00

        1. 6.8.1 Spain: General

          $82.00

        2. 6.8.2 Spain: Construction Aggregates Markets

          $82.00

          1. Table | SPAIN: CONSTRUCTION AGGREGATES MARKETS

        3. 6.8.3 Spain: Products & Applications

          $92.00

          1. Table | SPAIN: CONSTRUCTION AGGREGATES DEMAND BY PRODUCT & APPLICATION

      9. 6.9 Other Western Europe

        $523.00

        1. 6.9.1 Other Western Europe: General

          $89.00

        2. 6.9.2 Other Western Europe: Construction Aggregates Markets

          $82.00

          1. Table | OTHER WESTERN EUROPE: CONSTRUCTION AGGREGATES MARKETS

        3. 6.9.3 Other Western Europe: Products & Applications

          $98.00

          1. Table | OTHER WESTERN EUROPE: CONSTRUCTION AGGREGATES DEMAND BY PRODUCT & APPLICATION

        4. 6.9.4 Other Western Europe: Aggregates Demand by Country

          $255.00

          1. Table | OTHER WESTERN EUROPE: CONSTRUCTION AGGREGATES DEMAND BY COUNTRY

    7. 7 ASIA/PACIFIC

      $2,464.00

      1. 7.1 Asia/Pacific: General

        $82.00

      2. 7.2 Asia/Pacific: Construction Aggregates Markets

        $93.00

        1. Table | ASIA/PACIFIC: CONSTRUCTION AGGREGATES MARKETS

        2. CHART VI-1 ASIA/PACIFIC: CONSTRUCTION AGGREGATES DEMAND BY COUNTRY, 2004-2024

      3. 7.3 Asia/Pacific: Products & Applications

        $108.00

        1. Table | ASIA/PACIFIC: CONSTRUCTION AGGREGATES DEMAND BY PRODUCT & APPLICATION

      4. 7.4 China

        $325.00

        1. 7.4.1 China: General

          $96.00

        2. 7.4.2 China: Construction Aggregates Markets

          $101.00

          1. Table | CHINA: CONSTRUCTION AGGREGATES MARKETS

        3. 7.4.3 China: Products & Applications

          $128.00

          1. Table | CHINA: CONSTRUCTION AGGREGATES DEMAND BY PRODUCT & APPLICATION

      5. 7.5 India

        $281.00

        1. 7.5.1 India: General

          $90.00

        2. 7.5.2 India: Construction Aggregates Markets

          $103.00

          1. Table | INDIA: CONSTRUCTION AGGREGATES MARKETS

        3. 7.5.3 India: Products & Applications

          $87.00

          1. Table | INDIA: CONSTRUCTION AGGREGATES DEMAND BY PRODUCT & APPLICATION

      6. 7.6 Japan

        $238.00

        1. 7.6.1 Japan: General

          $84.00

        2. 7.6.2 Japan: Construction Aggregates Markets

          $82.00

          1. Table | JAPAN: CONSTRUCTION AGGREGATES MARKETS

        3. 7.6.3 Japan: Products & Applications

          $82.00

          1. Table | JAPAN: CONSTRUCTION AGGREGATES DEMAND BY PRODUCT & APPLICATION

      7. 7.7 Indonesia

        $238.00

        1. 7.7.1 Indonesia: General

          $82.00

        2. 7.7.2 Indonesia: Construction Aggregates Markets

          $82.00

          1. Table | INDONESIA: CONSTRUCTION AGGREGATES MARKETS

        3. 7.7.3 Indonesia: Products & Applications

          $84.00

          1. Table | INDONESIA: CONSTRUCTION AGGREGATES DEMAND BY PRODUCT & APPLICATION

      8. 7.8 South Korea

        $211.00

        1. 7.8.1 South Korea: General

          $82.00

        2. 7.8.2 South Korea: Construction Aggregates Markets

          $82.00

          1. Table | SOUTH KOREA: CONSTRUCTION AGGREGATES MARKETS

        3. 7.8.3 South Korea: Products & Applications

          $82.00

          1. Table | SOUTH KOREA: CONSTRUCTION AGGREGATES DEMAND BY PRODUCT & APPLICATION

      9. 7.9 Vietnam

        $247.00

        1. 7.9.1 Vietnam: General

          $88.00

        2. 7.9.2 Vietnam: Construction Aggregates Markets

          $90.00

          1. Table | VIETNAM: CONSTRUCTION AGGREGATES MARKETS

        3. 7.9.3 Vietnam: Products & Applications

          $82.00

          1. Table | VIETNAM: CONSTRUCTION AGGREGATES DEMAND BY PRODUCT & APPLICATION

      10. 7.10 Thailand

        $206.00

        1. 7.10.1 Thailand: General

          $82.00

        2. 7.10.2 Thailand: Construction Aggregates Markets

          $82.00

          1. Table | THAILAND: CONSTRUCTION AGGREGATES MARKETS

        3. 7.10.3 Thailand: Products & Applications

          $82.00

          1. Table | THAILAND: CONSTRUCTION AGGREGATES DEMAND BY PRODUCT & APPLICATION

      11. 7.11 Other Asia/Pacific

        $443.00

        1. 7.11.1 Other Asia/Pacific: General

          $82.00

        2. 7.11.2 Other Asia/Pacific: Construction Aggregates Markets

          $82.00

          1. Table | OTHER ASIA/PACIFIC: CONSTRUCTION AGGREGATES MARKETS

        3. 7.11.3 Other Asia/Pacific: Products & Applications

          $93.00

          1. Table | OTHER ASIA/PACIFIC: CONSTRUCTION AGGREGATES DEMAND BY PRODUCT & APPLICATION

        4. 7.11.4 Other Asia/Pacific: Aggregates Demand by Country

          $201.00

          1. Table | OTHER ASIA/PACIFIC: CONSTRUCTION AGGREGATES DEMAND BY COUNTRY

    8. 8 OTHER REGIONS

      $3,568.00

      1. 8.1 Central & South America

        $863.00

        1. 8.1.1 Central & South America: General

          $82.00

        2. 8.1.2 Central & South America: Construction Aggregates Markets

          $82.00

          1. Table | CENTRAL & SOUTH AMERICA: CONSTRUCTION AGGREGATES MARKETS

          2. CHART VII-1 CENTRAL & SOUTH AMERICA: CONSTRUCTION AGGREGATES DEMAND BY COUNTRY, 2014

        3. 8.1.3 Central & South America: Products & Applications

          $98.00

          1. Table | CENTRAL & SOUTH AMERICA: CONSTRUCTION AGGREGATES DEMAND BY PRODUCT & APPLICATION

        4. 8.1.4 Brazil

          $248.00

          1. Table | BRAZIL: CONSTRUCTION AGGREGATES MARKETS

          2. Table | BRAZIL: CONSTRUCTION AGGREGATES DEMAND BY PRODUCT & APPLICATION

        5. 8.1.5 Other Central & South America

          $362.00

          1. Table | OTHER CENTRAL & SOUTH AMERICA: CONSTRUCTION AGGREGATES MARKETS

          2. Table | OTHER CENTRAL & SOUTH AMERICA: CONSTRUCTION AGGREGATES DEMAND BY PRODUCT & APPLICATION

          3. Table | OTHER CENTRAL & SOUTH AMERICA: CONSTRUCTION AGGREGATES DEMAND BY COUNTRY

      2. 8.2 Eastern Europe

        $1,162.00

        1. 8.2.1 Eastern Europe: General

          $82.00

        2. 8.2.2 Eastern Europe: Construction Aggregates Markets

          $82.00

          1. Table | EASTERN EUROPE: CONSTRUCTION AGGREGATES MARKETS

          2. CHART VII-2 EASTERN EUROPE: CONSTRUCTION AGGREGATES DEMAND BY COUNTRY, 2014

        3. 8.2.3 Eastern Europe: Products & Applications

          $113.00

          1. Table | EASTERN EUROPE: CONSTRUCTION AGGREGATES DEMAND BY PRODUCT & APPLICATION

        4. 8.2.4 Russia

          $269.00

          1. Table | RUSSIA: CONSTRUCTION AGGREGATES MARKETS

          2. Table | RUSSIA: CONSTRUCTION AGGREGATES DEMAND BY PRODUCT & APPLICATION

        5. 8.2.5 Poland

          $231.00

          1. Table | POLAND: ONSTRUCTION AGGREGATES MARKETS

          2. Table | POLAND: CONSTRUCTION AGGREGATES DEMAND BY PRODUCT & APPLICATION

        6. 8.2.6 Other Eastern Europe

          $396.00

          1. Table | OTHER EASTERN EUROPE: CONSTRUCTION AGGREGATES MARKETS

          2. Table | OTHER EASTERN EUROPE: CONSTRUCTION AGGREGATES DEMAND BY PRODUCT & APPLICATION

          3. Table | OTHER EASTERN EUROPE: CONSTRUCTION AGGREGATES DEMAND BY COUNTRY

      3. 8.3 Africa/Mideast

        $1,543.00

        1. 8.3.1 Africa/Mideast: General

          $84.00

        2. 8.3.2 Africa/Mideast: Construction Aggregates Markets

          $86.00

          1. Table | AFRICA/MIDEAST: CONSTRUCTION AGGREGATES MARKETS

          2. CHART VII-3 AFRICA/MIDEAST: CONSTRUCTION AGGREGATES DEMAND BY COUNTRY, 2014

        3. 8.3.3 Africa/Mideast: Products & Applications

          $87.00

          1. Table | AFRICA/MIDEAST: CONSTRUCTION AGGREGATES DEMAND BY PRODUCT & APPLICATION

        4. 8.3.4 Turkey

          $234.00

          1. Table | TURKEY: CONSTRUCTION AGGREGATES MARKETS

          2. Table | TURKEY: CONSTRUCTION AGGREGATES DEMAND BY PRODUCT & APPLICATION

        5. 8.3.5 Iran

          $205.00

          1. Table | IRAN: CONSTRUCTION AGGREGATES MARKETS

          2. Table | IRAN: CONSTRUCTION AGGREGATES DEMAND BY PRODUCT & APPLICATION

        6. 8.3.6 Saudi Arabia

          $210.00

          1. Table | SAUDI ARABIA: CONSTRUCTION AGGREGATES MARKETS

          2. Table | SAUDI ARABIA: CONSTRUCTION AGGREGATES DEMAND BY PRODUCT & APPLICATION

        7. 8.3.7 Egypt

          $254.00

          1. Table | EGYPT: CONSTRUCTION AGGREGATES MARKETS

          2. Table | EGYPT: CONSTRUCTION AGGREGATES DEMAND BY PRODUCT & APPLICATION

        8. 8.3.8 Other Africa/Mideast

          $382.00

          1. Table | OTHER AFRICA/MIDEAST: CONSTRUCTION AGGREGATES MARKETS

          2. Table | OTHER AFRICA/MIDEAST: CONSTRUCTION AGGREGATES DEMAND BY PRODUCT & APPLICATION

          3. Table | OTHER AFRICA/MIDEAST: CONSTRUCTION AGGREGATES DEMAND BY COUNTRY

    9. 9 INDUSTRY STRUCTURE

      $4,971.00

      1. 9.1 General

        $82.00

      2. 9.2 Industry Composition

        $82.00

        1. Table | CONSTRUCTION AGGREGATES SALES BY COMPANY, 2014

      3. 9.3 Market Share

        $227.00

        1. CHART VIII-1 CONSTRUCTION AGGREGATES MARKET SHARE

      4. 9.4 Mergers, Acquisitions, & Divestitures

        $161.00

        1. Table | SELECTED ACQUISITIONS & DIVESTITURES

      5. 9.5 Manufacturing & Product Development

        $196.00

      6. 9.6 Marketing

        $82.00

      7. 9.7 Distribution

        $82.00

      8. 9.8 Cooperative Agreements

        $82.00

        1. Table | SELECTED COOPERATIVE AGREEMENTS

      9. 9.9 Company Profiles

        $3,854.00

        1. 9.9.1 Anglo American plc

          $87.00

        2. 9.9.2 Asamer Baustoffe AG

          $82.00

        3. 9.9.3 Boral Limited

          $104.00

        4. 9.9.4 Brett (Robert) & Sons Limited

          $91.00

        5. 9.9.5 Buzzi Unicem SpA

          $99.00

        6. 9.9.6 Camargo Corrêa SA

          $82.00

        7. 9.9.7 Carmeuse Group SA

          $82.00

        8. 9.9.8 Cementir Holding SpA

          $82.00

        9. 9.9.9 CEMEX SAB de CV

          $274.00

        10. 9.9.10 CRH plc

          $509.00

        11. 9.9.11 EUROCEMENT Holding AG

          $82.00

        12. 9.9.12 Granite Construction Incorporated

          $82.00

        13. 9.9.13 HeidelbergCement AG

          $496.00

        14. 9.9.14 Irving Materials Incorporated

          $82.00

        15. 9.9.15 Italcementi SpA

          $121.00

        16. 9.9.16 LafargeHolcim Limited

          $542.00

        17. 9.9.17 Lasselsberger GmbH

          $82.00

        18. 9.9.18 LSR Group OJSC

          $82.00

        19. 9.9.19 Luck Stone Corporation

          $82.00

        20. 9.9.20 Martin Marietta Materials Incorporated

          $146.00

        21. 9.9.21 NCC AB

          $82.00

        22. 9.9.22 New Enterprise Stone & Lime Company Incorporated

          $121.00

        23. 9.9.23 Rettig Group Limited

          $82.00

        24. 9.9.24 Rogers Group Incorporated

          $82.00

        25. 9.9.25 Taiheiyo Cement Corporation

          $82.00

        26. 9.9.26 Titan Cement Company SA

          $100.00

        27. 9.9.27 Vicat Group SA

          $82.00

        28. 9.9.28 VINCI Group

          $82.00

        29. 9.9.29 Votorantim Participações SA

          $93.00

        30. 9.9.30 Vulcan Materials Company

          $115.00

      10. 9.10 Other Companies Mentioned in Study

        $188.00

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