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Base Year: 2024
Companies covered: 15
Tables & Figures: 180
Countries covered: 6
Pages: 220
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Asia Pacific Asphalt Mixing Plants Market
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Asia Pacific Asphalt Mixing Plants Market Size
The Asia Pacific asphalt mixing plants market size was estimated at USD 1.2 billion in 2024. The market is expected to grow from USD 1.3 billion in 2025 to USD 2.1 billion in 2034, at a CAGR of 5.2%. The market is driven by rising need for maintaining the road network, infrastructure development, government support along with demand for high quality asphalt.
Governments across the Asia Pacific region such as China, India, Japan and Australia are rapidly investing in highway construction, road building, and urban infrastructure development substantially increasing the demand for asphalt mixing plants. The surging demand for rehabilitating and maintaining aged road networks raises the demand for asphalt, thus fueling the expansion of mixing plants during the forecast period.
India as a rapidly developing country with a high population is going through a revolution in its infrastructure. Central to this revolution is the development of roads and highways, which will be needed for enhancing connectivity, reducing the cost of transport, and enhancing the economic growth of the country.
India's National Infrastructure Pipeline (NIP) lays out a massive investment expenditure of USD 1.33 trillion in infra projects between 2020-25, with a major share allocated for the road sector. The assets under management (AUM) of infrastructure investment trusts (InvITs) in the Indian road sector are likely to almost double from the present US$ 17 billion by March 2025.
Advancement in technology like batch-type and drum-type plants, efficiency improvement in terms of energy utilization, and the trend towards automating processes enhance productivity and bring down operating expenses, making them more desirable.
Asia Pacific Asphalt Mixing Plants Market Trends
Asia Pacific Asphalt Mixing Plants Market Analysis
The Asia Pacific asphalt mixing plants market by plant type is segmented into batch mix plant, continuous mix plant and drum mix plant. In 2024, the batch mix plant segment dominates the market generating revenue of USD 600 million and drum mix plant segment is expected to grow at CAGR of around 5.2% during the forecast period 2025 to 2034.
According to the type, the Asia Pacific asphalt mixing plants market is segmented into mobile and stationery. Stationery made up 63% of the market in 2024.
According to the capacity, the Asia Pacific asphalt mixing plants market is segmented into below 50 t/h, 50-150 t/h, 150-300 t/h and above 300 t/h. 50-150 t/h made up 56% of the market in 2024.
With about 32% of the Asia Pacific asphalt mixing plants market share and estimated USD 400 million in revenue, the China led the Asia Pacific market in 2024. The expansion of the China market is primarily driven by advancement in asphalt technology, rising need for maintaining the road network, infrastructure development, government support along with demand for high quality asphalt.
India: India as a rapidly developing country with a high population is going through a revolution in its infrastructure. Central to this revolution is the development of roads and highways, which will be needed for enhancing connectivity, reducing the cost of transport, and enhancing the economic growth of the country. India's National Infrastructure Pipeline (NIP) lays out a massive investment expenditure of USD 1.33 trillion in infra projects between 2020-25, with a major share allocated for the road sector. The assets under management (AUM) of infrastructure investment trusts (InvITs) in the Indian road sector are likely to almost double from the present US$ 17 billion by March 2025.
Asia Pacific Asphalt Mixing Plants Market Share
Asia Pacific Asphalt Mixing Plants Market Companies
Major players operating in the Asia Pacific asphalt mixing plants industry are:
To improve the services and Asia Pacific asphalt mixing plants market share key players are constantly investing in technological activities and are also entering into partnerships to provide improved and better solutions for the customers. These investments are benefiting both companies and customers as they help develop and offer solutions as per the changing technological trends and thus the customer requirements.
Astec Industries announces entering into a definitive agreement to acquire MINDS Automation Group, a leader in plant automation control systems and cloud-based data management in the asphalt industry. The company develops user-friendly, advanced, customizable plant automation control systems for drum, batch, combo/hybrid hot mix plants, emulsion plants, liquid terminals, silo load-out, ticketing and data management for the asphalt industry.
Fayat Group announced it had acquired asphalt plant manufacturers Asphalt Drum Mixers. Overall, this allows Fayat to further strengthen its domestic position in the asphalt and road building industry alongside their other brands such as Bomag, Dynapac, And Secmair.
Asia Pacific Asphalt Mixing Plants Industry News
This Asia Pacific asphalt mixing plants market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Billion) from 2021 to 2034, for the following segments:
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Market, By Plant Type
Market, By Type
Market, By Capacity
The above information is provided for the following countries: