Asphalt Plant Market Growth and Recent Trends by 2027

The asphalt plant market revenue is expected to grow from US$ 1.93 Bn in 2018 to US$ 2.47 Bn by the year 2027. This represents a CAGR of 2.8% from the year 2019 to 2027.

Whereas, in terms of volume, the market was valued at 4,127 units in 2018 and is anticipated to reach 4,831 units by 2027 thereby registering a CAGR growth rate of 1.8% from 2019 to 2027. The global asphalt plant market is experiencing exponential growth owing to the growing number of highway development projects. The companies operating in the asphalt plant market are focusing on offering technologically advanced products that meet the varying demands of the customers. Another factor supporting the growth of the asphalt plant market   is urbanization, which is supporting the increasing demand for modern infrastructures such as new roads and highways.

Asphalt Plant Market - Market Insights

Versatile benefits offered by asphalt is driving the growth of the asphalt plant market

Asphalt mixing plants are widely used in road and highway construction, and most of the roads around the globe are paved with asphalt. Asphalt is prevalent for road construction as it offers high durability and excellent performance in trafficked conditions. The asphalt used for highway construction is a mixture of bitumen, aggregate, and filler, and the roads can be paved using a hot or cold mix asphalt. The asphalt mixing plant is a crucial road construction equipment that is used for manufacturing asphalt that is used for road construction. Several governments emphasize the speed of construction and the quality of roads that are to be constructed. For instance, MoRTH, NHAI, and other departments of India emphasize that the quality of roads should be in line with the global standards. Hence, such significant growth is expected to offer ample growth opportunities for the asphalt plant market players during the forecast period of 2019 to 2027. 

Published Report - Asphalt Plant Market: Strategic Insights

Low installation costs due to modular build-up design and intelligent connection techniques allow for rapid site relocation

With the growing popularity of asphalt for construction, the demand for asphalt plants is increasing across the construction industry. The customers are moving towards asphalt plants, which offers easy installations and lower installation costs. The construction companies are focusing on installing asphalt plants that provide greater efficiency and can be ported easily to other construction sites. The growing demand for modular asphalt mixing plants is creating an opportunity for the companies to gain a strong customer base by offering advanced solutions to its customers. Companies such as Benninghoven GmbH & Co. KG, Fayat SAS, Astec, and Ammann Group are focusing on offering asphalt mixing plant with modular design to provide easy installations and rapid site relocation. Therefore, a strong focus of the companies towards offering advanced asphalt mixing solutions might help them to grow in terms of revenue and customer base. Hence, such benefits of efficient and robust asphalt plant are propelling the growth of Asphalt Plant Market. 

Asphalt Plant Market – Type

Based on type, the global asphalt plant market is segmented into drum plant and batch plant. The drum plant is a type of continuous asphalt mixing plant, which offers a continuous production process. However, the batch plant produces the mixture in batches according to the varying requirements. The presence of a screen to monitor the quantity of mixing in batch plants provides higher accuracy in mixing compared to the drum plant. The drum plants are ideal for the construction sites where large amounts of asphalt mixture are required, whereas the batch mixing plants are widely used where the quality of the mix is essential for construction. The manufacturing companies of batch and drum mixing plants are focusing on providing solutions that offer high efficiency and low maintenance costs.

Asphalt Plant Market – Product

The asphalt plant market, by product, is segmented into a stationary plant and portable plant. Stationary plants produce asphalt mixture in bulk and are used in projects where the requirement for the mobility of asphalt plants is low. Stationary asphalt mixing plants are widely used in major construction projects that require continuous production of a large amounts of asphalt batch mixes. However, the portable asphalt mixing plant is ideal for small projects that require greater mobility. The portable asphalt mixing plants are gaining popularity owing to the advantages offered, such as greater flexibility, lesser price, and lesser installation time.

Asphalt Plant Market – Application

Asphalt has wide range of applications in road construction, recreational sites construction, such as a playground, bicycle paths, tennis courts, agriculture, industrial, and building construction. Asphalt is primarily used in road construction as it offers significant performance and durability in most heavily trafficked conditions. Asphalt is gaining popularity for the construction of airfields, railway tracks, tunnels, and industrial sites. The growing popularity of asphalt for various construction applications is expected to support the growing demand for asphalt plants during the forecast period.

Asphalt Plant Market - 

The market players present in the asphalt plant market are mainly focusing on product enhancements by implementing advanced technologies. By signing partnerships, contracts, joint ventures, funding, and inaugurating new offices across the world permit the company to maintain its brand name across the European region. Few of the recent developments are listed below;

2019:Lintec & Linnhoff Holdings Pte Ltd’s subsidiaries, Lintec & Linnhoff Asphalt Pte. Ltd. and Lintec & Linnhoff Concrete Pte. Ltd. were awarded Enterprise 50 (E50) Award. The award recognizes privately-owned businesses in Singapore for their contributions to the economy in Singapore and overseas.
2019:Kredmash announced the launch of an asphalt concrete plant in Moldova. The new asphalt concrete plant KDM20667 offers a capacity of 160 tons per hour is manufactured in accordance with EU standards.
2019:MARINI launched its new range of super-mobile XPRESS 1500 and XPRESS 2000 plants. The products would produce 120 and 160 tph respectively.

Asphalt Plant

Published Report - Asphalt Plant Market Players Density: Understanding Its Impact on Business Dynamics

The Published Report - Asphalt Plant Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

ASPHALT PLANT MARKET – MARKET SEGMENTATION

Asphalt Plant Market by Type

• Drum Plant 
• Batch Plant

Asphalt Plant Market by Product

• Stationary Plant
• Mobile Plant

Asphalt Plant Market by Application

• Road Construction
• Aggregate Processing 
• Others

Asphalt Plant Market by Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Western Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Netherlands
    • Portugal
    • Ireland
  • Eastern Europe
    • Poland
    • Russia
    • Ukraine
    • Rest of Eastern Europe
  • Northern & Central Europe
    • Sweden
    • Denmark
    • Finland
    • Rest of Northern & Central Europe
• Asia-Pacific
  • Australia
  • China
  • India
  • Japan
  • South Korea
  • New Zealand
  • Indonesia
  • Malaysia
  • Thailand
  • Rest of Asia-Pacific 
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Turkey
  • Egypt
  • Iran
  • Kuwait
  • Nigeria
  • Rest of Middle East & Africa
• South America
  • Brazil
  • Argentina
  • Chile
  • Colombia
  • Rest of South America

Asphalt Plant Market – Key Companies Profiled

• Ammann Group Holding AG (Marini Marini-Ermont SAE)
• Astec Industries, INC.
• Benninghoven GmbH & CO.KG
• Capious Roadtech Pvt. Ltd.
• Fayat SAS
• JSC Kredmash
• NFLG INC.
• Nikko Co. Ltd
• Sany Heavy Industry Co., Ltd.
• Speedcrafts Limited