Press release
What’s Driving the Asphalt Mixing Plants Market Growth? Ammann Group, Parker Plant Limited, SANY Group, Simge Group, Atlas Industries, Inc.
Asphalt Mixing Plants Market
The developing countries with immense growth opportunities are expected to become significant hotspots for investment. Interestingly, asphalt mixing plants market players are looking to tap the growing demand by launching innovative products with competitive technical properties. One such example is of the 2013’s collaboration of Ammann Research & Development Center with Apollo India Private Ltd, to innovate and manufacture asphalt pavers, soil compactors and asphalt mixing plants.
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One of the key trends in asphalt mixing plants market is the refinement of recycled asphalt pavement (RAP). The market for asphalt plant equipment with RAP are gaining considerable traction in the US and Europe, with China being on wild card. The asphalt mixing plants industry players are designing new plants to produce higher quality output and also handle the higher percentages of RAP.
The governments of various Asian countries including China, Malaysia, Thailand, India, and Japan are financing huge amount of capital to develop road infrastructure as they act as catalyst to country’s development and economic growth. In 2016, Asia Pacific asphalt mixing plants market generated revenue over USD 2.5 billion and is foreseen to hold a major share of the market pie over the coming years. Owing to the robust growth in the countries of Asia Pacific and Latin America, asphalt mixing plants industry from road construction application generated revenue over USD 5.5 billion in 2016.
The harmful gases and volatile organic compounds emitted from the asphalt mixing plants pose a major threat to the growth of this industry. The environment threats pertaining to asphalt components and its quality and usage are being strongly monitored by the agencies such as EAPA, NAPA, and Association of Asphalt Paving Technology, which may hamper the asphalt mixing plants market expansion.
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Key market share contributors operational in asphalt mixing plants market are:
• AMMANN
• Marini
• Benninghoven GmbH
• ASTEC Industries
• Sany Group
• Nikko Limited
• Kredmash.
• Lintec
• NFLG Inc.
• Cesan
• Speedcrafts
• DELTA Group
• SPECO
Many asphalt mixing plants industry players are adopting the sustainable green technology and environment friendly raw materials to combat the pollution problems associated with asphalt mixing plants. This is set to create huge growth opportunities for the industry players to develop sustainable and eco-friendly materials with regards to asphalt mixing and grab lucrative growth avenues over the coming years. One such instance is of Local Self-Government Department of Thiruvananthapuram, India. In a move to adopt green technology, the LSGD used an emulsion-based mix in asphalt instead of hot bitumen for the construction of road. Globally, asphalt mixing plants market is set to witness a remarkable growth trajectory with a CAGR estimation of 1.4% and exceed revenue generation of USD 7 billion by 2024.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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