Quarry Industry Is Big, Bigger than You’d Think
Quarry Industry Is Big, Bigger than You’d Think
Quarry industry is big, bigger than you’d think. Quarries deliver vital building materials to construction sites all around the world. But there’s a lot more to the industry than that. Here are four things you might not know about the quarry and aggregates business, from what the future has in store to the various uses inactive quarries can take on.
Most Common Purpose of Quarries
The most common purpose of quarries is to extract stone for building materials. Quarries have been used for thousands of years. Ancient Egyptians built the Great Pyramids with massive Limestone and granite blocks cut by hand from nearby quarries. Each of these blocks weighs many tons. In ancient Rome, slaves and criminals were often forced to do the extremely difficult work of cutting stones in marble, granite, and limestone quarries.
Quarry Industry Is Big
Quarrying and aggregates is big business in virtually every part of the world and market figures suggest it’s only getting bigger. Experts predict that between 2018 and 2026, the market for construction aggregates will expand at a compound annual growth rate of 6.8%. With this kind of growth, the industry will naturally become more valuable, too. According to Future Market Insights, it will be worth $468.2 billion by 2024. As well as contributing to the global economy, the industry is also a major employer. It is estimated that the quarry and aggregates industry employs more than 4 million people worldwide.
Market Share
Asia Pacific is the largest region of supply, accounting for around 65% of the total market in 2017. China, which is also the world’s biggest producer of coal, gold and most rare earth materials, was the largest aggregates producer last year, accounting for around 42% of the total market.
It’s Not Just Stone that Gets Quarried
Broadly speaking, quarried materials include sand, gravel, clay, dimensional stone and crushed stone – the latter of which is estimated to hold a significant share of the total market revenue. These materials are used directly in construction and are also key ingredients for manufactured building materials, such as asphalt and cement, making them an integral component in the construction of our roads and buildings.
Disused Quarries Are Surprisingly Useful
As we said, quarry industry is big, bigger than what we imagine. There are roughly 500,000 extraction sites worldwide, producing up to 50 billion tons of aggregates. When quarries are put out of action, they don’t go to waste and some go on to have surprising uses. A conservation project in the UK by the Royal Society for the Preservation of Birds (RSPB) turned 50 abandoned quarries into nature reserves packed with grassland, woodland and wetland that would be home to more than 50 at risk species. A disused limestone quarry in Dalarna, Sweden, has been transformed into a concert venue playing host to acts including Led Zeppelin and Patti Smith. Other fascinating reinventions include a former granite quarry turned soccer stadium in Portugal.
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Sources
www.volvoce.com/global/en/news-and-events/press-releases/2018/four-things-you-should-know-about-the-quarry-and-aggregates-industry/
www.nationalgeographic.org/encyclopedia/quarry/#:~:text=The%20most%20common%20purpose%20of,by%20hand%20from%20nearby%20quarries
