Asphalt Concrete Market 2022-2032: Analyzed by Business Growth, Development Factors and Future Prospects

Chemical & Materials

Introduction

Asphalt Concrete is the mixture of fillers, aggregates and bitumen/asphalt. Asphalt concrete is known by different names in different regions. Some of the commonly used names for asphalt concrete are blacktop, pavement, bitumen macadam or rolled asphalt. Asphalt concrete is a type of composite material which is used in construction of surface roads, pathways, airports, parking lots, in the core of embankment dams, railway beds etc. Asphalt concrete could be dense, moderate or open graded depending on its end use application.

Asphalt concrete are usually classified into three layer categories. Asphalt concrete is used as base and binding layers to improve load bearing capacity. Asphalt concrete is durable and versatile material which is available in variety of mixes for variety of applications. Asphalt concrete can be recycled and it can withstand extreme climatic changes. Asphalt concrete gives a uniform finish along with high load bearing capacity which makes it popular in heavy construction industry. Asphalt concrete is IS EN 13108 and NRA specified for road works.

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Asphalt Concrete Market: Regional Outlook

Increasing population and technological advancement is leading to the growth of heavy construction industries and increasing the number of government projects in the regions such as Asia Pacific, Latin America and Middle East & Africa which makes these regions prominent market for asphalt concrete. Eastern Europe is showing an up rising growth in the heavy construction industries which makes it budding market zone for asphalt concrete. Developed regions like North America & Western Europe are also coming up with new infrastructural projects, due to which these regions can be estimated as potential market for asphalt concrete.

Asphalt Concrete Market: Key Participants

The global key participants identified in the asphalt concrete market are:

  • Roadstone Ltd.
  • Lafarge
  • Tiki Tar Industries
  • Jurgensen Companies
  • Associated Asphalt
  • SBORNE Companies Inc.
  • King Asphalt Inc.
  • American Asphalt Company
  • Eastern Asphalt & Mixed Concrete Company W.L.L
  • Croell

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

Asphalt Concrete Market: Segmentation

The global asphalt concrete market is segmented on the basis of its application, form and its end use.

The global asphalt concrete market can be segmented on the basis of its applications:

  • Base course
  • Binder course
  • Surface course

The global asphalt market can be segmented on the basis of its product form:

  • Liquid
  • Solid

The global asphalt market can be segmented on the basis of its end use:

  • Roadways
  • Railway Beds
  • Airport runways
  • Parking lots
  • Embankment Dams
  • Tunnels
  • Bridges
  • Playgrounds

 

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