News Contact Us

Asphalt Mixing Plant Market Share| Application and Future Forecast by 2024

Author : Rahul Varpe | Published Date : 2020-08-27 

Asphalt Mixing Plant Market size is projected to exceed USD 7 billion; according to a new research report.

Growing preference to asphalt in road construction industry will be a major factor propelling the asphalt mixing plants market by 2024. For instance, in 2016, 85% of the total asphalt produced was used for road surfaces and pavements in the U.S. In Europe, over 90% of the 5.2 million km of paved roads and highways have been surfaced with asphalt.

Asphalt mixing plants have been used in highways, bridges, tunnels and other road construction. The thriving automobile sector in Asia Pacific, has been driving the demand for stronger and long-lasting roads, which in turn will intensify regional restoration projects and road construction. Additionally, market growth will also be attributed to globally rising production of asphalt in North America and Europe.

Request a sample copy of this research report: https://www.decresearch.com/request-sample/detail/1998  

The asphalt mixing process will lead to certain environmental threats in the forecast period. Asphalt mixing market growth is subjected to the challenge of undesirable emissions including aromatic hydrocarbons, volatile organic compounds and particulate. However, to overcome this challenge the industry participants have been striving to achieve workable green technology solutions. The industry will be monitored by severe protocols regarding usage and quality asphalt mixing plants, formulated by NAPA, EAPA, Association of Asphalt Paving Technology and other associations.

In 2016, the market was led by batch type asphalt mixing plants owing to the advantages involved such as low spare parts cost, low running cost etc. In the same year, this segment contributed to the revenue over USD 3.8 billion and is expected to follow the same trend in the near future. The continuous plants will likely witness gains of CAGR over 1.3% by 2024. This segment holds involve the benefits of low fuel consumption, enhanced hot mix asphalt quality and will observe significant growth potential in the forecast period.

Considering the product trends, portable asphalt mixing plants are expected to grow at CAGR over 1.5% by 2024. The growth will be ascribed to the compact structure and the convenience involved with mounting capabilities in the vicinity of the construction sites. In 2016, stationary asphalt mixing plants observed revenue over USD 5.9 billion. This segment features promising gains in the coming years owing to stable operational capability, supple equipment options in addition to the vast production capacities as equated to portable plants.

Request for customization: http://decresearch.com/roc/1998  

Some of the asphalt mixing plants market share contributors are Ammann Group Holding AG, Speedcrafts Limited, NIKKO Co., Ltd, DMI Engineering & Manufacturing Co. Ltd, GP Gunter Papenburg AG, SPECO Ltd, Benninghoven GmbH & Co., KG, Marini S.p.A, ASTEC Industries Inc., Beston (Henan) Machinery Company Limited, Parker Plant Limited, LINTEC Germany GmbH, NFLG, Inc., Capious Roadtech Pvt. Ltd., Atlas Industries, Zoomlion Heavy Industry Science & Technology Co., Kaushik Engineering Works, SANY Group, CIBER., and Kredmash Inc.


About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. [email protected] | https://twitter.com/varperahul

Related News

Commercial Satellite Launch Service Market Size Overview and Share Forecasted to 2026

Published Date: 2020-09-21         Author: Rahul Varpe

With increasing collaborations between private enterprises and government agencies on space missions, commercial satellite launch service market is likely to witness a remunerative period of growth in the coming years. Rising smartphone penetration and the subsequently growing demand for better inte... Read More

Aerospace 3D Printing Materials Market | Application and Future Forecast by 2026

Published Date: 2020-09-21         Author: Rahul Varpe

The aerospace 3D printing materials market is poised to accumulate noteworthy gains in coming years owing to the technology's ability to produce aircraft parts and components that are lighter and stronger than the ones manufactured through conventional methods. 3D printing is a process where phy... Read More

Smart Weapons Market: Overview and Share Forecasted to 2026

Published Date: 2020-09-21         Author: Rahul Varpe

The smart weapons market is anticipated to witness significant growth over the coming time period owing to the increasing cross border conflicts and increasing FDI for manufacturing of weapons. Smart weapons usually utilize guidance systems that are dependent upon external assistance, making them di... Read More

© 2020 Fractovia. All Rights Reserved