administration’s endeavor to pump money for rebuilding the nation's roads, bridges and other infrastructure would give construction companies like Vulcan, Martin Marietta and others a solid foundation for growth.Īcquisitions & Focus on Operating Efficiency: The industry participants follow a well-chalked-out acquisition plan to enhance domestic and international portfolios. These bills comprise new investments in almost every infrastructure sector, including transportation, energy, broadband and water. These three recently enacted laws are aimed at revitalizing American infrastructure, expediting the shift toward a sustainable economy, and fortifying the domestic semiconductor sector. The industry players are also involved in designing, engineering, manufacturing, marketing, and installation of external building products for commercial, residential, and repair and remodel markets in domestic as well as international markets.ģ Trends Shaping the Future of Concrete & Aggregates Industryįocus on Reviving Infrastructure: The Infrastructure Investment and Jobs Act, the Creating Helpful Incentives to Produce Semiconductors and Science Act, and the Inflation Reduction Act collectively signify a substantial commitment to bolstering American competitiveness. The materials also include gypsum wallboard, recycled paperboard, concrete blocks, ready-mix concrete, and oil and gas proppants. The Zacks Building Products - Concrete & Aggregates industry consists of manufacturers, distributors and sellers of construction materials like aggregates and concrete along with other related items for public infrastructure, residential and non-residential, as well as other end markets. SUM, have been gaining from the positives. Nonetheless, prominent companies in the industry, like Vulcan Materials Company VMC, Martin Marietta Materials, Inc. Indeed, macroeconomic uncertainties, supply-chain disruptions, weather-related woes and higher labor costs are causes of concern. An improving residential construction market and favorable pricing dynamics have also been aiding companies in navigating hard times. A boost in infrastructural and public construction spending should continue to favor the Zacks Building Products - Concrete & Aggregates industry.
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