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

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

The asphalt mixing plants market is set to witness significant expansion through 2028 owing to prevalent infrastructural development. Additionally, increasing road construction activities are slated to further bolster industry growth over the forecast timespan.

Recently, surging emphasis on research & development and innovation has been beneficial for the product landscape, thereby improving overall market dynamics. For instance, in June 2022, as part of its carbon reduction strategy, Aggregate Industries, a UK-based building materials specialist, switched to warm mix asphalt (WMA) across its asphalt product range. This move was intended to reduce the cost of the building and improve the life expectancy of the roads.

Similarly, in June 2022, sustainable construction solutions expert Tarmac switched to WMA production, which was calculated to decrease 13,500 tons of CO2 annually. WMA can reduce the embodied carbon from asphalt by up to 15% as it manufactures the material at lower temperatures, emitting less carbon and consuming less energy.

In another notable instance, in June 2022, Switzerland-based Ammann Group began the sale of its first recycled asphalt plant to GR Infraprojects, a construction engineering firm. The plant was purposed to allow GR Infraprojects to utilize over 60% of recyclable raw materials in its construction projects.

The asphalt mixing plants market has been bifurcated on the basis of product, application, process, capacity, and region.

On the basis of process, the asphalt mixing plants industry has been divided into continuous and batch. In 2021, the batch segment held around 70% market share. The high growth rate of the segment is backed by the proliferating product demand in various road construction applications.

Based on capacity, the asphalt mixing plants market has been segmented into below 50T/H, 50-150T/H, 151-300T/H, and above 300T/H. Among these, the above 300T/H segment is set to depict approximately 1% CAGR over the assessment period.

The above 300T/H plant is the highest capacity for portable and stationary asphalt mixing plants in the market. This variant has a high mixture capacity of more than 400T/H and as it supports rapid deployment, it is ideal for use on large construction sites, which are located away from major infrastructure centers.

On the regional front, the Latin America asphalt mixing plants market accounted for about 4.2% of the global industry revenue in 2021 and is expected to witness substantial growth at a CAGR of around 2% over the forecast period. Rising infrastructural activities in the region, especially in Brazil, would fuel product adoption in the LATAM, which is projected to drive the development of the regional market in the upcoming time period.