The global highway and road construction market is anticipated to grow at a CAGR of 7.9% during the forecast period (2024-2031). National highways and roads facilitate the movement of many natural resources from one location to another, while improving the connectivity between different cities. The number of roads and motorways around the globe is growing exponentially. For instance,...

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...

Lucintel's latest market report analyzed that recycled asphalt provides attractive opportunities in the patch material, hot-mix asphalt, temporary driveway & road, road aggregate for unpaved roadway, interlocking brick, new asphalt shingle, and energy recovery applications. The recycled asphalt market is expected to reach $9.7 billion by 2028 with a CAGR of 5.3%. In this market, hot...