Trusted Business Insights presents the Updated and Latest Study on Asphalt Mixing Plants Market 2019-2025. The report contains market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary, and SWOT analysis.
Abstract, Snapshot, Market Analysis & Market Definition: Asphalt Mixing Plants Market
Industry / Sector Trends
Asphalt Mixing Plants Market size was more than USD 6.6 billion in 2016 and will witness 1.4% CAGR during the projected timespan.
U.S. asphalt mixing plants market size, by process, 2013 – 2024 (USD Million)
Sturdy growth indicators in infrastructure & construction industry shall be responsible for propelling asphalt mixing plants demand in the coming years. The steadily growing road repair and construction business across the globe will be accelerating product demand over the forecast timespan. Asphalt mixing plants are widely used in tunnels, highways, bridges and road construction projects. Furthermore, booming automobile industry in Asia Pacific, particularly China and India, is placing greater demand on countries roads, which will eventually increase road construction and repair projects in this region. Additionally, increasing asphalt production globally is likely to fuel the product demand over the forecast timeframe. The U.S and Europe are two major asphalt producers in the globe.
The raw materials in asphalt mixing plants market size are machines & equipment and asphalt. Hazardous air pollutants, such as volatile organic compounds & aromatic hydrocarbons and particulate emission from asphalt mixing process pose substantial environmental threats, which is likely to hamper the product market growth in the coming years. The environmental pollution caused depends on the type of process (batch and continuous) in asphalt mixing plants. Major companies are adopting environment-friendly and sustainable green technology to tackle the pollution problem. Agencies such as Association of Asphalt Paving Technology, EAPA and NAPA formulate norms and regulations for asphalt mixing plants components, quality and usage.
Market Segmentation, Outlook & Regional Insights: Asphalt Mixing Plants Market
Asphalt Mixing Plants Market, By Process
Batch asphalt mixing plants market led the global industry in 2016, in terms of revenue. It was worth more than USD 3.8 billion in the same year. This segment is likely to witness gains growing at CAGR over 1.2% in the forecast timespan. In batch production, the process is more flexible as the aggregate mixture can be changed for each batch produced. Another important feature of batch plants is the low running cost and low spare parts cost.
Continuous asphalt mixing plants market is further divided into counter-flow and parallel-flow. In addition, continuous plants segment shall grow at a CAGR more than 1.3% over the forecast duration. This growth can be attributed to ability to deliver superior hot mix asphalt quality and low fuel consumption. Counter-flow plants are likely to witness prominent gains due to structure and design that aids in better aggregates heating with lower pollutants emission.
Asphalt Mixing Plants Market, By Product
Stationary asphalt mixing plants market share constituted a major share of the global product industry in 2016. It was registered at more than USD 5.9 billion in 2016. The segment is likely to exhibit prominent gains due to huge volume production capacity and flexible equipment options. It is cost competitive and has stable operational capability as compared to portable (both, batch & continuous) plants.
Portable asphalt mixing plants shall grow at significant rate close to CAGR 1.5% in the coming years owing to the mobility convenience and compact structure that allows it to be mounted on steel foundations near construction sites.
Asphalt Mixing Plants Market, By Application
Global asphalt mixing plants market for road construction industry has registered at over USD 5.5 billion in 2016. The product market shall experience highest gains over the forecast timeframe owing to increased product usage in Asia Pacific and Latin American countries. Governments are increasing investments in construction sector to improve economy and public infrastructure in respective countries. This will eventually contribute towards asphalt mixing plants market size by 2024.
Asphalt Mixing Plants Market, By Region
Asia Pacific held a major chunk of global asphalt mixing plants market and in 2016, it had generated revenue more than USD 2.5 billion. This has been attributed to the growing infrastructure market in Asia Pacific from 7% to 8% over the next few years. Countries in this region are largely concentrating on road construction activities, as these act as catalysts to countrys economic growth.
Latin America and Middle East & Africa shall show significant growth rate by 2024. Latin America market is likely to reach a CAGR of around 1.5% over the forecast timespan owing to huge capital investments from governments of Brazil and Mexico for improving the infrastructural scenario in this region.
Key Players, Recent Developments & Sector Viewpoints: Asphalt Mixing Plants Market
Key asphalt mixing plants manufacturers are MARINI S.p.A, Nikko Company Limited, ASTEC, AMMANN Group and Benninghoven. Companies including NFLG Inc. and ASTEC manufacture asphalt mixing plants and the equipment for customers requiring single spare parts for replacing machinery in existing mixing plant. Most of the companies in this industry, involved in plant component manufacturing, prefer to sell the plants as single units. Product distribution takes place through regional and local distributors as well as via companys website and third-party sellers.
A few companies in the industry are forward integrated, for example, AMMANN Group and Speed Crafts as they are involved in product manufacturing and supply & distribution throughout the globe. In addition, the market players are investing in R&D for developing high-end technology, environment-friendly and work-flexible products that can be used in wide range of applications which will subsequently aid in accomplishing future growth avenues.
Asphalt mixing plants are mainly used to process asphalt to produce warm mix aggregate, which is used in road construction and repair activities. The major machinery and equipment used in an asphalt mixing plant market are cold aggregate supply system, drum dryer, coal burner, coal feeder, dust collector, hot aggregate collector, vibrating screen filter supply system, weighing and mixing system, control room, and asphalt storage. The usual production capacity of an asphalt mixing plant varies from 36 tons per hour (small sized portable plants) to as large as 400 tons per hour. In addition, growing demand for developing high-end technology products and equipment for improving operational efficiency shall be propelling asphalt mixing plants market size by 2024
What are the Key Insights Covered: Exhaustive Asphalt Mixing Plants Market
1. Market size (sales, revenue and growth rate) of Asphalt Mixing Plants industry.
2. Global major manufacturers’ operating situation (sales, revenue, growth rate and gross margin) of Asphalt Mixing Plants industry.
3. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Asphalt Mixing Plants industry.
4. Market size (sales, revenue) forecast by regions and countries from 2019 to 2025 of Asphalt Mixing Plants industry.
Research Methodology: Asphalt Mixing Plants Market
- Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
- Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
- Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others.
Quick Read Table of Contents of this Report @ WorldWide Asphalt Mixing Plants Market, Industry / Sector Analysis Report, Regional Outlook & Competitive Market Share & Forecast, 2019 – 2025
This post was originally published on Downey Magazine