24-Mar-2020 | Facts and Factors
Findings from Facts and Factors report “Asphalt Plant Market By Product (Mobile Plant and Stationary Plant), By Type (Batch Type and Drum Type), By Application (Aggregate Processing, Road Construction, and Others), And By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global asphalt plant market in 2019 was around USD 2,000 Million. The market is expected to grow at a CAGR of nearly 3% and is anticipated to reach USD 2,400 Million by 2026.
Asphalt is a highly viscous liquid of long-chain hydrocarbons obtained as a residue after purification of crude oil and through the destructive distillation process in coal factories. This dark brown-to-black colored liquid has a major application in the infrastructure development sector, as it is majorly used in constructing roads and setting up the surface for playgrounds. Besides these, asphalt has a vital role in laying waterproof floors & ceilings as well as constructing pedestrian paths & parking lots.
Browse the full “Asphalt Plant Market By Product (Mobile Plant and Stationary Plant), By Type (Batch Type and Drum Type), By Application (Aggregate Processing, Road Construction, and Others), And By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/global-asphalt-plant-market-by-product-mobile-plant-933
Key Factors Influencing Market Growth:
An asphalt plant is a giant equipment comprising clusters of mechanical & electronic gears that heat and thoroughly mix raw materials to produce hot asphalt. Asphalt plant industry has been witnessing considerable growth due to the continuous & remarkable expansion in industrialization as well as the construction sector. Asphalt is a key ingredient that offers more strength and high durability to the roads even in trafficked situations. Hence, the growing demand for asphalt in the construction sector is eventually flourishing the global asphalt plant market growth. Asphalt manufacturers prefer setting up portable asphalt plants that can be installed easily and do not require huge investment for installation. Through these portable asphalt plants, the end product would be readily available at the construction sites.
- By type, the global asphalt plants are categorized into batch plants and drum plants
Batch production and continuous production are the two different processes of producing asphalt. For batch production, a batch-type asphalt plant is required, while a drum plant supports the continuous production process. In batch plants, a screen is provided to monitor the rate of mixing of asphalt. However, in drum plants, there is no screen or monitoring system available for the real-time observation of the mixing quality of asphalt.
- By application, the road construction segment accounts for the major share in the global industry
Asphalt is used in constructing roads as well as recreational sites such as bicycling tracks, playgrounds, buildings, industries, tunnels, railway tracks, and agricultural fields. Among all, asphalt has been holding a considerable share in the road construction sector to enhance the durability & quality of roads. Owing to the growing demand for asphalt in the aforementioned sectors, the asphalt plant market is projected to escalate during the forecast period.
Some of the key players driving the global asphalt plant market are Xinhai, Ammann, Jilin Road Construction Machinery, DandG Machinery, Tietuo Machinery, Southeast Construction Machinery, Huatong Kinetics, Zoomlion, Sany, MARINI, Liaoyang Road Construction Machinery, NFLG, Lintec, XRMC, and Nikko, among others.
This report segments the global asphalt plant market as follows:
Global Asphalt Plant Market: Product Segmentation Analysis
- Mobile Plant
- Stationary Plant
Global Asphalt Plant Market: Type Segmentation Analysis
Global Asphalt Plant Market: Application Segmentation Analysis
- Aggregate Processing
- Road Construction
Global Asphalt Plant Market: Regional Segmentation Analysis
- North America
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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