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Asia Pacific Asphalt Mixing Plants Market Trends

  • Report ID: GMI10533
  • Published Date: Jul 2024
  • Report Format: PDF

Asia Pacific Asphalt Mixing Plants Market Trends

One major trend in the asphalt mixing plant industry is the rising adoption of mobile and portable units. These units, known for their versatility, are gaining popularity for their ability to cater to construction projects in remote areas or urban settings with space limitations. By enabling on-site production, they cut down on transportation expenses and enhance responsiveness to project requirements. This shift is notably pronounced in countries with expansive rural regions or swiftly evolving urban hubs. According to the National Asphalt Pavement Association (NAPA), the use of mobile asphalt plants has increased by 15% over the past five years, reflecting their growing importance in the industry.
 

Another trend is the industry's heightened focus on sustainability and eco-conscious practices. Manufacturers are pivoting towards more energy-efficient plants, curbing fuel consumption and emissions. Notably, there's a surge in demand for plants capable of producing warm-mix asphalt, known for its lower energy requirements and emissions compared to traditional hot-mix asphalt. The Federal Highway Administration (FHWA) reports that warm-mix asphalt now accounts for nearly 40% of all asphalt production in the United States.

Authors: Avinash Singh , Sunita Singh

Frequently Asked Questions (FAQ) :

Asia Pacific market for asphalt mixing plants was worth USD 1.2 billion in 2023 and is anticipated to register 4.8% CAGR between 2024 and 2032, driven by rapid urbanization and infrastructure development.

Asia Pacific stationary asphalt mixing plants market will expand rapidly through 2032, driven by extensive road and urban development initiatives.

China asphalt mixing plants market generated a substantial revenue of USD 300 million in 2023 and is expected to reach USD 500 million by 2032, owing to its massive and ongoing infrastructure development.

Ammann Group Holding AG, Astec Industries, Inc, BENNINGHOVEN GmbH & Co. KG, CMI Roadbuilding Limited, Fayat Group, Gencor Industries, Inc., LINTEC & LINNHOFF Holdings Pte Ltd, and MARINI S.p.A. among others.

Asia Pacific Asphalt Mixing Plants Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 49
  • Countries covered: 7
  • Pages: 135
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