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Asphalt Mixing Plants Market for road construction application grow at a CAGR of 1.6% by 2024

Author : Rahul Varpe | Published Date : 2019-08-06 

Global Market Insights add New Asphalt Mixing Plants Market report provides in-depth information about market overview, top vendors, Key market highlights, product types, market drivers, challenges, trends, construction industry landscape, size and forecast, Key leading countries/Region.

Increasing asphalt production, mainly in Europe and the U.S., is a crucial growth factor for asphalt mixing plants market size growth over the next few years. However, toxic emissions by these plants may pose substantial threat to the business due to prevalence of stringent norms concerning environment and public health protection adopted by several countries that majorly emphasize on using equipment & machinery emitting minimum pollutants.

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Asphalt mixing plants market by product

  • Portable
  • Stationary

Asphalt mixing plants market by application

  • Road construction
  • Others

Road construction was the biggest application segment for asphalt mixing plants market in 2016 and shall grow at a CAGR of 1.6% in the forecast duration. Asphalt mixing plants are primarily used to produce warm mix aggregate which is used in road construction and repair activities. Latin America and Asia Pacific, followed by Middle East & Africa, are increasing their investments in improving public infrastructure, of which, road repair and construction, accounts for a major part. This dynamic will subsequently push the product demand in above region over the next few years.

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Asia Pacific had a major share of asphalt mixing plants market in 2016, both in terms of volume and value, and shall continue to hold its position in the coming years. The prime reason driving the markets growth in Asia Pacific is the huge amount of capital being invested by governments, particularly of China, India, Thailand, Malaysia and Japan, to improve the road infrastructure of their nations. This shall prove as a new growth opportunity for companies planning to expand their production and operations in Asia Pacific as it possesses huge market potential.

Key market share contributors operational in asphalt mixing plants market are:

  • AMMANN
  • Marini
  • Benninghoven GmbH
  • ASTEC Industries
  • Sany Group
  • Nikko Limited
  • Kredmash
  • Lintec
  • NFLG Inc.
  • Cesan
  • Speedcrafts
  • DELTA Group
  • SPECO

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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. He can be contacted at- [email protected] | https://twitter.com/varperahul

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