Recycled Asphalt Market is expected to undergo a CAGR of 5.10% during the forecast period 2022 to 2029.
Market Analysis and Insights Recycled Asphalt Market
Recycled asphalt or reclaimed asphalt is processed pavement containing asphalt and aggregates. Production of virgin asphalt propels CO2 emissions as it requires the burning of fossil fuels, but recycled production of asphalt magnifies environmental pollution and endangers frugal nature of natural resources in the process. Therefore recycled asphalt is the effective method to reduce the overall production of toxins.
Globally, increased global warming and energy consumption have prompted the use of recycled asphalt. Recycling asphalt for road reconstruction, patching, and small pathway construction is sustainable. As a result of these various environmentally friendly factors, the recycled asphalt demand is increasing, largely favoring the market.
Furthermore, the factors such as the increasing need for industrial modernization, rapid urbanization and the increasing adoption of emulsified asphalt as well as polymer-modified asphalt are also contributing to the market's positive outlook. Furthermore, asphalt is a more cost-effective and long-lasting alternative to concrete, which is commonly used in the construction industry.
Recycled Asphalt Market Scope
The recycled asphalt market is segmented on the basis of application, product type, end-use and type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Application
- Path Material
- Hot-mix Asphalt
- Temporary Driveways and Roads
- Energy Recovery
Product Type
- Hot Recycling
- Cold Recycling
End-Use
- Commercial
- Industry
- Municipal
Type
- Black
- White
- Brown
- Gray
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Recycled Asphalt Market Country Level Analysis
The countries covered in the recycled asphalt market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Competitive Landscape and Recycled Asphalt Market Share Analysis
The Recycled Asphalt Market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Recycled Asphalt Market.
Key Players Recycled Asphalt Market
- BASF SE (Germany)
- Dupont (U.S.)
- SOLVAY (Belgium)
- 3M (U.S.)
- Honeywell International Inc. (U.S.)
- Evonik (Germany)
- Huntsman International LLC (U.S.)
- GCP Applied Technologies Inc. (U.S.)
- RPM International (U.S.)
- Fosroc Inc., (U.K.)
- Dow (U.S.)
- Saint-Gobain (France)
- Arkem S.A. (France)
- Ashland Inc (U.S.)
- Mapei S.p.A (Italy),
- MUHU (China)
- Construction Materials Co., Ltd., (China)
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MAJOR TOC OF THE REPORT
- Chapter One: Introduction
- Chapter Two: Market Segmentation
- Chapter Three: Market Overview
- Chapter Four: Executive Summary
- Chapter Five: Premium Insights
- Chapter Six: Global Recycled Asphalt Market by Product & Procedure type
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