Categories
Chemical

Sales Of Recycled Asphalt Market Is Expected To Accumulate US$ 10.7 Bn By 2031

Fact.MR predicts the global sales of recycled asphalt to be valued at nearly US$ 10.7 Bn by the end of the forecast period ranging from 2021-2031, expanding at a CAGR of 4.5%. Demand has witnessed growth owing to rising petroleum prices across the globe. Recycled asphalt offers less use of resources leading to economic and environmental safety.

Historically, between 2016 and 2020, sales of recycled asphalt expanded at over 2% CAGR. Growth projections took a temporary dip amid the COVID-19 pandemic outbreak, prompting the construction industry to cease operations in wake of imposition of mandatory lockdowns. Since Q4 2020, however, prospects have been rebounding, as rapid vaccination drives encourage resumption of key end use industrial operations.

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Recycle asphalt also plays an important role in improving the performance and durability of road surfaces of gravel constructed roads. Along with durability it also minimizes road dust and misplacement of gravels from the roads. Thus, all these factors are playing a key role in spurring the demand for recycled asphalt.

Key Takeaways from the Market Study

  • Hot recycled asphalt to accumulate 60% of market revenue until 2031
  • Cold asphalt sales to register a CAGR of 5.1% from 2021 to 2031
  • Recycled asphalt for metal patch applications to surge at a CAGR of 4%
  • North America to generate an absolute opportunity worth US$ 1.2 Bn by 2031
  • 1/4th of global recycled asphalt demand likely to be generated by Asia until 2031

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Competitive Landscape

Bodean Company, Cherry Companies, Downer Group, GAF Materials,   Lone Star Paving, Owens Corning, Pavement Recycling System, Inc., The Kraemer Company, LLC, Wirtgen Group and CertainTeed are prominent recycled asphalt market players.

  • In 2020 GAF Materials invested $21 Mn to build 400,000 square feet of space in Gainesville to expand business in Texas, U.S. The company plans to occupy the new space in Gainesville, Florida in around January 2022.
  • In 2020 Ames-Kraemer Company LLC announced ramping up of its major construction activities on the Twin Ports Interchange Project in Duluth for MnDOT (Minnesota Department of Transportation). Once completed, this project will enhance safety by eliminating blind merges and left exits, replace aging infrastructure, and better accommodate freight movements through the interchanges next to the Clure Public Terminal.

Key Segments Covered

  • Type

    • Hot Recycling Asphalt
    • Cold Recycling Asphalt
  • Application

    • Patch Material
    • Hot Mix Asphalt
    • Temporary Driveways and Roads
    • Road Aggregate
    • Interlocking Bricks
    • New Asphalt Shingles
    • Energy Recovery

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Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
  • EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
  • CIS & Russia
  • Japan
  • Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
  • Middle East and Africa (GCC Countries, Turkey, Iran, Israel, South Africa , Rest of MEA)

Report Benefits & Key Questions Answered

  • Recycled Asphalt Market Category and segment level analysis: Fact MR provides a detailed analysis of the factors influencing sales growth across key segments. It highlights key growth drivers and provides useful information for identifying sales prospects at the regional and local level.
  • Recycled Asphalt Market Historical volume analysis: The report provides a comparison of   Recycled Asphalt Market historical sales and projected sales performance for 2021-2031.
  • Recycled Asphalt Market Manufacturing trend analysis: The report offers a detailed analysis of manufacturing trends in the Recycled Asphalt Market It carefully gauges the impact of changing healthcare needs of key demographics globally
  • Recycled Asphalt Market Consumption by demographics: The report investigates consumer behavior affecting   Recycled Asphalt Market demand outlook for the assessment period. Effect of their keenness for digital trends on   Recycled Asphalt Market is  carefully analyzed
  • Post COVID consumer spending on Recycled Asphalt Market Consumption: Healthcare industry has been largely influenced by COVID-19 pandemic. The Fact MR Market survey analyzed consumer spending post COVID-19. It assesses how current trends that will influence expenditure on healthcare services, thus affecting Recycled Asphalt Market growth.

For More Insights- https://www.einpresswire.com/article/556866054/sun-control-window-films-market-automotive-applications-to-garner-one-third-market-share

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Categories
Chemical

How will the Recycled Asphalt Market Cope Up With Innovative Pace?

The report offers actionable and valuable insights on the Recycled Asphalt market. The latest report by Fact.MR provides details on the present scenario of the Recycled Asphalt market across various regions along with the historic data and forecast of the Recycled Asphalt market. The report also includes information on the sales and demand of Recycled Asphalt across various industries and regions. Market dynamics including latest trends, challenges, growth opportunities, and drivers for is also provided in the Recycled Asphalt market report.

A recent study by Fact.MR on the recycled asphalt market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with the development of recycled asphalt.

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The study also provides the dynamics that are responsible for influencing the future status of the market over the forecast period. A detailed assessment of value chain analysis, business execution, cost structure analysis, and supply chain analysis across regional markets has been covered in the report.

A list of prominent companies operating in the recycled asphalt market, along with their product portfolios, enhances the reliability of this comprehensive research study.

recycled asphalt market type

The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales of recycled asphalt across the globe.

A comprehensive estimate on the market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of recycled asphalt during the forecast period.

Analysis on Market Size Evaluation

The market has been analyzed for each market segment in terms of volume (tons) and value (US$ Mn). Market estimates at global and regional levels for recycled asphalt are available in terms of “US$ Mn”. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a solution provider can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global recycled asphalt market.

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Inspected Assessment on Regional Segments

Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include Porter’s five forces analysis and PESTLE analysis (political, economic, social, technology, legal and environment outlook), which are expected to have a momentous influence on the growth of the recycled asphalt market during the forecast period.

Country-specific valuation on demand for recycled asphalt has been offered for each regional market, along with market scope estimates and forecasts, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value for emerging countries has also been included in the report.

In-depth Analysis on Competitive Landscape

The report sheds light on leading manufacturers of recycled asphalt, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in the manufacturing of recycled asphalt has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.

Key Segments Covered

  • By Type
    • Hot recycling asphalt
    • Cold recycling asphalt
  • By Application
    • Patch Material
    • Hot Mix Asphalt
    • Temporary Driveways and Roads
    • Road Aggregate
    • Interlocking Bricks
    • New Asphalt Shingles
    • Energy Recovery
  • By Region
    • North America
    • Europe
    • Latin America
    • East Asia
    • South Asia
    • Oceania
    • MEA

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The Recycled Asphalt Market research answers important questions, including the following:

  1. Why Recycled Asphalt Market players are focusing on the business expansion in region?
  2. Which regulatory authorities have granted approval to the application of Recycled Asphalt Market
  3. What are the pros and cons of the Recycled Asphalt Market the environment?
  4. Why players are targeting the production of segment?
  5. What are the strategies implemented by emerging players in the global Recycled Asphalt Market?

The Recycled Asphalt Market report serves the readers with the following data:

  • In-depth analysis of supply-side and demand-side trends.
  • Direct and indirect impacts of the growth of relevant markets on the Recycled Asphalt
  • Importance of segment in various regions.
  • Accurate Y-o-Y growth of the global Recycled Asphalt
  • Consumption trends among individuals across the globe.

Why choose Fact.MR?

We carry immense pride in saying that our work is recognized by 150+ countries worldwide. Our experience is conveyed by the fact that we have published 6, 000+ reports, thanks to our dedicated team of professionals. With digital intelligence solutions, we support our clients in remaining at the driver’s seat. Our crew of 300+ analysts are available 24/7 to offer dynamic updates regarding various verticals and companies.

About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analysed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

Contact:

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com
Visit Our Website: https://www.factmr.com