Asphalt Mixing Plants Market - Growth & Business Statistics Report to 2024
Date: 2020-03-05   Author: Rahul Varpe  Category: #news

Asphalt Mixing Plants Market - Growth & Business Statistics Report to 2024

The size of Asphalt Mixing Plants Market was registered at USD 6.6 billion in the year 2016 and is anticipated to cross USD 7 billion by 2024.

The Asphalt Mixing Plants Market is expected to register a CAGR of 1.4% during the period 2017-2024.  This research report analyzed by means of Evolving Technology, Business Competitors, Industry Strategies, Key Companies, Growth rate, and Forecast until 2024. The report includes enough details that highlight the importance of the most significant sectors of market.

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Market Growth Drivers:

  1. Increasing road construction activities in Asia Pacific
  2. Increasing asphalt production globally

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.

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.

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Know about Market growth in New Research and its Top growing factors by Key Companies like

Speedcrafts Limited, SPECO Ltd, NIKKO Co. Ltd, GP Gunter Papenburg AG, LINTEC Germany GmbH, Benninghoven GmbH & Co., KG, ASTEC Industries Inc., Marini S.p.A, Ammann Group Holding AG, Beston (Henan) Machinery Company Limited, NFLG, Inc., Capious Roadtech Pvt. Ltd., Parker Plant Limited, Atlas Industries, Kaushik Engineering Works, Zoomlion Heavy Industry Science & Technology Co., SANY Group, CEI Enterprises, Inc., Arcen Engenharia SA, Simge Group, FAB-INDIA Industries, DELTA Group, BSS Heavy Machinery GmbH, CIBER, Kredmash

Asphalt mixing plant market by product

  1. Portable
  2. Stationary

Market by Applications

  1. Road Construction
  2. Others

The Regional Evaluation Ensures

  1. North America
  2. Europe
  3. Asia Pacific
  4. Latin America (LATAM)
  5. Middle East

Asphalt Mixing Plants Market Report Includes

  1. An evaluation with regards to the current industry scenario as well as growth opportunities, target audience, major players, and market projection until 2024
  2. A comprehensive analysis with respect to the market size, growth projection, industry valuation, and major contenders until 2024
  3. An evaluation of the growth opportunities, growth forecast, returns, and Forecast 2019-2024
  4. Details on Primary and Secondary Research, Market Segmentation, Consumption Analysis, and Forecast until 2024
  5. A detailed research pertaining to the Emerging Growth Parameters, Export Research Report, Market Dynamics, and Forecast to 2024
  6. Market Assessment, Strategic Developments, as well as Forecast 2024
  7. Product applications, market trends, technological advancements, and ongoing demand and Forecast by 2024

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Key Reasons to Purchase the Asphalt Mixing Plants Market Report

  1. The report contains a detailed analysis of the market pertaining to the product type, end-use segmentation, regional demand, and market opportunities until 2024
  2. A detailed data review in tandem with the meta-analysis of the market pertaining to the global manufacturers as well as regions – until 2024
  3. An in-depth understanding of the drivers that will impact the market the most, as well as preventive strengths in the market, coupled with the influence of these factors on the global industry.
  4. The report helps identify the hidden growth opportunities of the market along with the increasing CAGR forecast until 2024.
  5. The report helps calculate basic problems, solutions, as well as product developments to manipulate the progress threat.


About Author


Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for algosonline. 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. ...

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