Recycled Asphalt Market Scope
Recycled Asphalts are a processed material contains asphalt and aggregate. Recycled Asphalts involve milling which is followed by pulverization and stabilization. These are highly used in the construction of highways to preserve the natural environment, reduce waste. Recycled Asphalts reduces the cost of material production by removing mining and screening operations. Recycled Asphalts generated with the use of old and damaged pavement material with the low-cost labor by crushing and adding components which is a beneficial factor for the market growth.
The Recycled Asphalt market study is segmented by Type (Hot Mix Asphalt, Warm Mix Asphalt, Cold Mix Asphalt, Dense-Graded Mixes, Porous Asphalt and Others), by Application (Patch Material, Hot-Mix Asphalt, Temporary Driveways & Roads, Road Aggregate for Unpaved Roadways, Interlocking Bricks, New Asphalt Shingles, Energy Recovery and Others) and major geographies with country level break-up.
The Global Recycled Asphalt is a fragmented market due to the presence of various players. The players are focusing on investing more in research & development activities and investing in it. These will boost new launches and enhance their market presence. The companies are also planning n strategic activities like mergers, acquisitions, and partnerships, which will help sustain them in the market and maintain their competitive edge.
ASAHI KASEI CORP. (Japan), CertainTeed Corporation (United States), Downer EDI Limited (Australia), GAF (United States), Lone Star Paving (United States), Owens Corning (United States), Bodean Company (United Kingdom), Pavement Recycling System, Inc. (United States), The Kraemer Company, LLC (United States) and Wirtgen Group (India) are some of the key players that are part of study coverage.
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AMA Research has segmented the market of Global Recycled Asphalt market by Type, Application and Region.
On the basis of geography, the market of Recycled Asphalt has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
April 19, 2021, GAF invests USD 100 million into the new Shingle recycling program by taking a major step towards launching a new patent. Along with the investment the company successfully produced the industry’s first recycled asphalt material. This innovation represents a major step towards a circular economy.
As per the Environmental Protection Agency (EPA), the environmental property is a responsibility for environmental quality shared for all whose actions hamper the environment including recycled asphalt. The EPA regulations on Recycled Asphalt are Recycled Asphalts must be cost-effective, environmentally responsible as well as perform well.
- Increasing Consumption of Recycled Asphalt in Commercial Usage
- The Low-Cost Availability of Raw Material
- Growing Demand for Less Dust and Dirt Producing Construction Products
- Government Regulations Imposed on the Recycling of Products to Promote Optimum Utilization of Resources
- The surging Number of New Construction Projects across the Various Regions will Boost the Recycled Asphalts market
- Low and Cheaper Quality of Recycled Asphalt
- Adverse Environmental Hazard Related Risk Associated with Recycled Asphalts
- Problems with the High-Cost Availability of Manufacturing and Recycling Machines can hinder the Recycled Asphalts market
Key Target Audience
Recycled Asphalt Manufacturers, Recycled Asphalt Distributors and Suppliers, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
Frequently Asked Questions (FAQ):1. Is it possible to have certain customization in the study?
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a study that suits your business objectives.2. How big is the Recycled Asphalt Market?
Yes, the study does represent market size by key business segment, application/end users and major geographies forecasted till 2026.