Asphalt Plant Market size was USD 2179.2 million and it is expected to reach USD 2524.6 million by the end of 2027, with a CAGR of 2% during 2021-2027.
An asphalt plant, also known as an asphalt mixing plant, is a plant used to mix warm aggregates, soft materials and asphalt for a similar mixture at the required temperature. It is used in the construction of highways and city roads. Asphalt is a viscous, black or brown, highly viscous liquid or semi-solid form of petroleum that is a residue from crude oil refineries. Asphalt is primarily used for paving roads and has applications in transportation (roads, rail beds or airport runways, taxiways, etc.), recreation (playgrounds, bike paths, running tracks and tennis courts), and agriculture (barn floors and greenhouse floors). , industry (ports, landfill lids, workshops) and building construction (flooring), etc. Construction activity is increasing worldwide due to the increase in urbanization and infrastructure projects in developing and developed countries.
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Market Segments
Asphalt Plant Market by Type
- Drum Plant
- Batch Plant
Asphalt Plant Market by Product
- Stationary Plant
- Mobile Plant
Asphalt Plant Market by Application
- Road Construction
- Aggregate Processing
- Others
Key Players
- Astec Industries, INC.
- Benninghoven GmbH & CO.KG
- Capious Roadtech Pvt. Ltd.
- Fayat SAS
- JSC Kredmash
- NFLG INC.
- Nikko Co. Ltd
- Sany Heavy Industry Co., Ltd.
Scope of the Report
The research study analyzes the global Asphalt Plant industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
A full report of Global Asphalt Plant Market is available at: https://www.orionmarketreports.com/asphalt-plant-market/62649/
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Asphalt Plant Market Report
1. What was the Asphalt Plant Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of the Asphalt Plant Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Asphalt Plant Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Asphalt Plant market.
- The market share of the global Asphalt Plant market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Asphalt Plant market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Asphalt Plant market.
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