Asphalt Plants Market Scope
Asphalt plant is equipment that is designed to produce hot mix asphalt. It uses aggregates, bitumen, sand, and filler material in specific proportions to produce HMA also known as black top or asphalt concrete. The key feature of an asphalt mixing plant is that it will heat aggregates and then mix them with bitumen and other adhesive substances to prepare hot mix asphalt which is a paving material. Aggregate here can be a single sized material or it can be combination of several materials of different sizes with a combination of coarse and fine particles with or without addition of a filler unit.
Astec Industries, INC. (United States), Aesco Madsen (United States), JSC Kredmash (United States), Parker (United Kingdom), Fayat SAS (France), Sany Heavy Industry Co., Ltd. (China) and Speedcrafts Limited (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.
The study have segmented the market of United States Asphalt Plants market by Type (Batch Plants and Drum Plants), by Application (Road Construction, Building Construction and Other) and Region with country level break-up.
On the basis of geography, the market of Asphalt Plants 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).
On 3 Aug 2020, Astec Industries, Inc. announced the acquisition of two premier full-line concrete batch plant manufacturers serving customers around the world. Astec has acquired Concrete Equipment Company, Inc. and BMH Systems, Inc., which had combined annualized sales in 2019 of approximately USD 50 million.
- Increased Popularity of Drum Mix Plants
- The Increasing Building Projects, Such As Road, Bridge, Airport, Seaport Construction across the US
- Need For Asphalt Mixture Making Facilities Is Soaring Up Due To COVID-19 Pandemic
- Rising Investments in Road Construction Projects
- Stringent Regulations Over CO2 Emissions May Pose Major Threat for the Market
Key Target AudienceAsphalt Plants Equipment Manufacturers, Regulatory & Government Bodies, Potential Investors, End Users and Others
Frequently Asked Questions (FAQ):
1. What are the key segments playing vital role in Asphalt Plants Market?
The Asphalt Plants study can be customized to meet your requirements. The market size breakdown by type [Batch Plants and Drum Plants], by end use application [Road Construction, Building Construction and Other].
2. How big is the Asphalt Plants Market?
The Asphalt Plants Market is gaining popularity and expected to see strong valuation by 2026.
3. What is expected growth rate in Asphalt Plants Market?
According to AMA, the United States Asphalt Plants market is expected to see growth rate of %.