Press release
Recycled Asphalt Market to reach USD 11.46 Bn by 2029, emerging at a CAGR of 5.95 percent and forecast 2023-2029
Recycled Asphalt Market
This report provides a detailed analysis of Recycled Asphalt, a sustainable mixture of asphalt and aggregates created through recycling processes. It elucidates the recycling process, encompassing milling, pulverization, and stabilization, which not only conserves natural resources but also reduces pollution and promotes cost-effective construction materials.
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Recycled Asphalt Market Research Methodology:
The report adheres to a rigorous research methodology, incorporating historical data, industry-validated market statistics, and forecasts. It offers stakeholders a comprehensive understanding of the global market for recycled asphalt and its sustainable impact.
What are Recycled Asphalt Market Dynamics:
The production of conventional asphalt involves fossil fuels, resulting in high CO2 emissions and resource depletion. In contrast, recycling asphalt conserves natural resources, curbing pollution, and limiting toxin generation. Recycled asphalt offers comparable durability to virgin asphalt at a significantly lower cost, fostering market growth. Additionally, it mitigates the urban heat island effect due to its light-colored properties, contributing to its expansion.
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Recycled Asphalt Market Regional Insights:
North America leads the global recycled asphalt market, with multiple U.S. states, including Minnesota, Missouri, and Texas, permitting the use of recycled asphalt in paving mixes. The region's robust infrastructure development and adoption of recycled asphalt in road pavement applications fuel its growth. Asia Pacific is also poised for significant expansion, driven by emerging nations' infrastructure development and a growing preference for environmentally friendly construction materials. The region boasts a high ratio of virgin asphalt usage, further propelling recycled asphalt commercialization.
What is Recycled Asphalt Market Segmentation:
by Type
Hot Recycling
Cold Recycling
by Application
Hot-mix Asphalt
Temporary Driveways & Roads
Road Aggregate for Unpaved Roadways
Interlocking Bricks
New Asphalt Shingles
Energy Recovery
by End User
Commercial
Industry
Municipal
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Who are Recycled Asphalt Market Key Players:
1. Bodean Company
2. CertainTeed
3. Cherry Companies
4. Downer Group,
5. GAF Materials
6. Lone Star Paving
7. Owens Corning
8. Pavement Recycling System, Inc.
9. The Kraemer Company, LLC
10. Wirtgen Group
11. Oldcastle Materials
12. Sinopec
13. Shell Bitumen, Corporation.
14. Tokuyama Corporation
15. Evonik Industries AG
16. Merck Millipore Limited
17. Nippon Chemical Industrial Co. Ltd.
18. PQ Group Holdings Inc.
19. Occidental Petroleum Corporation
20. CIECH S.A.
Table of content for the Recycled Asphalt Market includes:
Recycled Asphalt Market : Research Methodology
Recycled Asphalt Market : Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3. Recycled Asphalt Market : Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
MandA by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
4.Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape (2022 to 2029)
Past Pricing and price curve by region (2022 to 2029)
Market Size, Share, Size and Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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