Asphalt Plant Market 2020 by Worldwide Industry Analysis, Trends, Growth Rate and Forecasts 2027-Ammann Group, Astec Industries, Inc., BENNINGHOVEN GmbH

The global asphalt plant market was valued US$ 1.93 Bn in 2018 and is expected to reach US$ 2.47 Bn by 2027 with a CAGR growth rate of 2.8% in the forecast period from 2019 to 2027.

Asphalt is a sticky black or brown, highly viscous liquid or semi-solid form of petroleum and is a residue produced by crude oil refineries. Asphalt is primarily used for paving roads and has applications in transportation (roads, railway beds or airport runways, taxiways, etc.), recreation (playgrounds, bicycle paths, running tracks, and tennis court), agriculture (barn floors and greenhouse floor), industrial (ports, landfill caps, worksites), and building construction (floorings), among others.

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Companies Mentioned: Ammann Group, Astec Industries, Inc., BENNINGHOVEN GmbH & Co.KG, SANY GROUP, JSC Kredmash, NFLG Inc., Marini, Speedcrafts Limited., Barber-Greene Company and FAYAT among others.

The asphalt plant market is growing significantly in emerging economies of APAC and MEA owing to the growing number of construction activities and increasing urbanization However, increasing pollution and growing awareness regarding the emission from the asphalt plant are the major factors that might hinder the growth of the asphalt plant market.

The report facilitates in determining and interpreting the key market players, portfolios with necessary information such as company profiles, components and services offered, financial information of past few years, key developments in past few years, that helps in constructing strategies to gain competitive advantage in the long run. The report also analyzes factors affecting Asphalt Plant Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends.

The report segments the global asphalt plant market as follows:
Global Asphalt Plant Market - By Type
o Drum
o Batch
Global Asphalt Plant Market - By Product
o Stationary Plant
o Portable Plant

Global Asphalt plant Market - By Application
o FMCG
o Retail
o Healthcare
o Warehousing and Logistics
o Others

Key Elements that the report acknowledges:
o Market size and growth rate during the forecast period.
o Key factors driving the "Asphalt Plant" market.
o Key market trends cracking up the growth of the "Asphalt Plant" market.
o Challenges to market growth.
o Key vendors of "Asphalt Plant" market.
o Detailed SWOT analysis.
o Opportunities and threats faces by the existing vendors in Global "Asphalt Plant" market.
o Trending factors influencing the market in the geographical regions.
o Strategic initiatives focusing the leading vendors.
o PEST analysis of the market in the five major regions.

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