Global Asphalt Mixing Plants Market: Industry Analysis And Forecast (2020-2026)

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Global Asphalt Mixing Plants Market: Industry Analysis and Forecast (2020-2026)

Global Asphalt Mixing Plants Market was valued at US$ xx Bn in 2019 and is expected to reach US$ 2.43 Bn by 2026, at a CAGR of 2.8%.
Global Asphalt Mixing Plants Market Introduction

Asphalt mixing plants are machines that manufacture hot mix asphalt and are made up of a cluster of electronic and mechanical gears. Asphalt plants, also known as asphalt mixing plants, combine dry warm content, padding, and hydrocarbons produced by petrol oil factories and coal distillation to create asphalt. Sand, aggregates, stone dust, and bitumen are among the raw materials used to make asphalt. Asphalt is used in waterproofing solutions as well as the design of parking lots and walking paths.
Global Asphalt Mixing Plants Market Dynamics

Because of the increasing number of highway construction projects, the global asphalt plant demand is rising at an exponential rate. Companies in the asphalt plant industry are concentrating on providing technologically innovative goods that satisfy a wide range of consumer demands. The construction and transportation sectors have seen remarkable growth, which is expected to boost the global asphalt mixing plants market forward. The global asphalt mixing plants market is expected to expand due to increased demand in various sectors such as construction, tunnel construction, highway construction, and bridge construction.

The market is projected to grow due to increased demand for these plants in China, the United States, the United Arab Emirates, Germany, India, and Japan. The global asphalt mixing plants market is expected to expand due to increased demand in various sectors such as construction, tunnel construction, highway construction, and bridge construction. In addition, the global asphalt mixing plants industry would benefit from ongoing government budget amendments related to the residential and commercial construction industries. Furthermore, the global asphalt mixing plants market is expected to expand due to an increase in infrastructure investments in developing countries over the forecast period.
Global Asphalt Mixing Plants Market Segment Analysis

In terms of sales, the batch asphalt mixing plants market led the global industry in 2019. In the same year, it was worth more than USD XX billion. In the forecast period, this segment is expected to rise at a CAGR of over XX %. The method is more versatile in batch processing since the aggregate mixture can be modified for each batch made. Batch plants often have low operating and spare parts costs, which is a significant feature. In batch plants, the presence of a screen to track the quantity of mixing provides higher mixing accuracy than in drum plants.

The continuous plants segment is expected to expand at a CAGR of more than XX % over the forecast period. This expansion can be attributed to the manufacturing ability to produce superior hot mix asphalt quality while using less gasoline.

In 2019, the global asphalt mixing plants market for the road construction industry was valued at more than USD XX billion. Because of increased product consumption in Asia Pacific and Latin America, the product market is expected to grow the most during the forecast period. Governments are increasing their investments in the construction sector in order to boost their economies and public infrastructure.


Global Asphalt Mixing Plants Market Regional Insights

 

Asia Pacific accounted for a significant portion of the global asphalt mixing plant industry, with sales exceeding USD XX billion in 2019. This has been due to the Asia Pacific infrastructure market rising from 7% to 8% over the next few years. Road construction activities are a major focus for countries in this area, as they serve as catalysts for economic development.

Rapid urbanization and ongoing public infrastructure spending in East Asia's developing countries has boosted the region's road construction industry. However, the ongoing mega road development projects have been hindered by the economic recession triggered by government-imposed lockdowns to prevent the spread of COVID-19.
For instance, China's trillion-dollar Belt and Road initiative have slowed, resulting in significant capital and monetary losses. However, the consequences of the economic downturn are expected to fade by the end of 2021, allowing the economy to regain momentum. By the end of the forecast period, East Asia is expected to have a 30 per cent share of the global asphalt mixing plant market in terms of volume.

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Global Asphalt Mixing Plants Market Report Scope: 

Global Asphalt Mixing Plants Market, by Region

• North America
• Europe
• South America
• MEA
• Asia Pacific
Global Asphalt Mixing Plants Market Key Players

• Atlas industries
• Benninghoven
• Kaushik Engineering works
• Quality Products (India)
• Linhoff India Pvt. Ltd.
• Akona Engineering Private Limited
• HP Tiles Machinery
• Solmec Earthmovers Pvt. Ltd
• 4B Construction Corporation
• Arky Construction and Supply
• MARINI S.p.A
• Nikko Company Limited
• ASTEC
• AMMANN Group
• Speedcrafts Limited
• Simge Group
• CEI Enterprise
• Beston Machinery Company Limited.
Global Asphalt Mixing Plants Market Competitive Landscape

• In 2019, In Moldova, Kredmash announced the opening of an asphalt concrete factory. The new asphalt concrete plant KDM20667 has a capacity of 160 tonnes per hour and is designed to EU specifications.
• 2019- MARINI has launched its latest XPRESS 1500 and XPRESS 2000 super-mobile plants. The goods will each generate 120 and 160 tph.

 

 This Report Is Submitted By : Maximize Market Research Company

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About Maximize Market Research:

Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.

 

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