Asphalt Mixing Plants Market volume is poised to exceed 22,800 units by 2028, according to a new research report by Global Market Insights Inc.
Infrastructure & construction activities are rapidly growing in the Asia Pacific region, specifically in the Southeast Asian countries on account of the gradual economic development. Better road and housing facilities will augment the construction industry growth. The growing construction activities will create a demand for better and superior products & materials to be used in the construction sites.
Countries in Asia Pacific are investing huge capitals on infrastructure improvement including major spending on the road construction & development projects. These projects will boost manpower and machinery requirement, positively influencing the asphalt mixing plants market demand across the region. The growth opportunities across APAC are substantial impelled by the need for infrastructure.
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The 151 – 300 t/h segment from asphalt mixing plants market is estimated to showcase a growth rate of around 2% from 2022 to 2028. This capacity range plant solves problems related to metropolitan locations, including environmental issues and meets the requirement to develop varied mix types.
Browse key industry insights spread across 250 pages with 353 market data tables & 43 figures & charts from the report, “Asphalt Mixing Plants Market Size By Process (Batch, Continuous [Counter, Parallel]), By Product (Portable, Stationary), By Capacity (Below 50T/H, 50-150T/H, 151-300T/H, Above 300T/H), By Application (Road Construction), COVID-19 Impact Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2022 - 2028”, in detail along with the table of contents:
The continuous mixing plants segment is projected to grow at over 2.3% CAGR through 2028. The high growth rate is mainly attributed to the continuous process of asphalt production. In addition, counter flow products are widely used for road construction applications owing to their low fuel consumption and better hot mix asphalt quality. These products will witness prominent growth rates led by their design & structure that ensures better heating of aggregates with low fuel consumption.
Rising demand for portable asphalt mixing plants
The portable asphalt mixing plants market is expected to reach 8,730 units by 2028. The transportability and flexibility to install without a fixed foundation make portable asphalt mixing plants an attractive unit for the road construction companies. The demand for mobile asphalt mixers with capacities from 40 to 60 tph or 80 to 160 tph is increasing rapidly. The adoption of smaller models is also increasing in projects that involve hot mix asphalt production in small quantities. Bigger models, such as 80 t/h, 120 tph, and 160 t/h, offer reliability and mobility to customers looking for a slightly higher output.
The road construction segment accounts for a significant market share
The road construction segment is set to capture nearly 85% of the volume share by 2028. Due to the rise in vehicle traffic, there is an increased usage for the enlargement of the existing roads and the new road constructions. In developing nations, most of the movement of large & heavy goods is through roadways, necessitating the construction of strong & heavy-duty roads.
North America to exhibit steady growth
The North America asphalt mixing plants market is predicted to register gains of above 1.7% through 2028driven by lucrative infrastructure activities in the region. The public sector investments in the U.S. highway, street, and bridge constructions are around USD 80 billion per year. About 85% of the airport runways in the U.S. are surfaced with asphalt.
Some of the key asphalt mixing plants market players include Lintec & Linnhoff Germany GmbH, Benninghoven GmbH & Co., KG, Astec Industries, Inc., Marini S.p.A., Fujian South Highway Machinery Co., Ltd. (NFLG), Capious Roadtech Pvt. Ltd., Parker Plant Limited, Cesan Cevre Sagligi A.S., Kaushik Engineering Works, and Fujian Tietuo Machinery Co. Ltd., among others.
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