Asphalt Plants Market Scope
Asphalt plant is equipment that is designed to produce hot mix asphalt. It uses aggregates, bitumen, sand, and filler material in specific proportions to produce HMA also known as black top or asphalt concrete. The key feature of an asphalt mixing plant is that it will heat aggregates and then mix them with bitumen and other adhesive substances to prepare hot mix asphalt which is a paving material. Aggregate here can be a single sized material or it can be combination of several materials of different sizes with a combination of coarse and fine particles with or without addition of a filler unit.
Astec Industries, INC. (United States), Aesco Madsen (United States), JSC Kredmash (United States), Parker (United Kingdom), Fayat SAS (France), Sany Heavy Industry Co., Ltd. (China) and Speedcrafts Limited (India) are some of the key players that are part of study coverage.
Segmentation Overview
The study have segmented the market of United States Asphalt Plants market by Type (Batch Plants and Drum Plants), by Application (Road Construction, Building Construction and Other) and Region with country level break-up.
On the basis of geography, the market of Asphalt Plants has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Increased Popularity of Drum Mix Plants
Market Growth Drivers:
The Increasing Building Projects, Such As Road, Bridge, Airport, Seaport Construction across the US and Need For Asphalt Mixture Making Facilities Is Soaring Up Due To COVID-19 Pandemic
Challenges:
Increasing Environmental Effects
Restraints:
Stringent Regulations Over CO2 Emissions May Pose Major Threat for the Market
Opportunities:
Rising Investments in Road Construction Projects
Market Leaders and their Expansionary Development Strategies
In March 2022, Astec Industries acquired MINDS Automation Group Inc., a leader in plant automation control systems and cloud-based data management for the asphalt industry. Headquartered in British Columbia, Canada, MINDS has offices in the United States, United Kingdom, France, and Belgium. The company develops user-friendly, advanced, and customizable plant automation control systems for drum, batch, combo/hybrid hot mix plants, emulsion plants, liquid terminals, silo load-outs, ticketing, and data management for the asphalt industry.
On 3 Aug 2020, Astec Industries, Inc. announced the acquisition of two premier full-line concrete batch plant manufacturers serving customers around the world. Astec has acquired Concrete Equipment Company, Inc. and BMH Systems, Inc., which had combined annualized sales in 2019 of approximately USD 50 million.
Key Target Audience
Asphalt Plants Equipment Manufacturers, Regulatory & Government Bodies, Potential Investors, End Users and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.