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, 2023-2032

Asphalt Mixing Plant Market is expected to witness massive growth through 2032 owing to the rising production of asphalt globally. Asphalt is crucial as it plays a vital role in the global transportation infrastructure and pushes economic growth and social well-being in the developed & developing countries of the world. As per reports, it is used majorly for making asphalt concrete for road surfaces and pavements, accounting for 85% of the asphalt consumption in the U.S.

In addition, asphalt is used in other applications such as fence-post treatments, waterproofing for fabrics, and sealing alkaline batteries during manufacturing. Besides, infrastructure development has become one of the crucial measures embraced by many governments to combat the economic slowdown caused by the COVID-19 pandemic. All these factors are expected to augment the expansion of the asphalt mixing plant industry.

The key players in the asphalt mixing plant industry are continuously incorporating strategic initiatives like mergers and acquisitions, partnerships, and new product launches to strengthen their foothold in the market. For instance, in March 2022, Astec Industries acquired MINDS Automation Group to enhance its offerings.

Overall, the asphalt mixing plant industry is bifurcated in terms of process, application, product, capacity, and regional outlook.

By process, the continuous process segment is slated to record 3.5% CAGR by 2032. In this process, there are no interruptions in the production cycle as the pace of production is not segregated into batches. Continuous asphalt mixing plants are extensively used in processes where continual production and low operational costs are essential.

Considering the application, the others segment is likely to expand significantly through 2032 as hot mix asphalt (HMA) is gaining traction in agricultural settings owing to its capabilities, including easy installation, easy management, long-lasting, and less expensive.

By product, the portable segment is envisioned to be valued at over USD 1.5 billion during the forecast timeframe. The portable products are beneficial and offer features such as compact design, cost efficiency, quick installation, global supplies and support, a cement silo with screw conveyor and accessories, one trailer load, and wheel and axle for mobility. All these factors are expected to propel the segment demand in the future.

With respect to the capacity, the 50–150 T/H capacity segment will witness notable gains by 2032. The rapid growth can primarily be attributed to high production, large storage capacity and high-quality components that make the modular asphalt mixing plant highly functional.

Regionally, the Europe asphalt mixing plant industry is poised to witness positive expansion from 2023 to 2032. The growing revenue share is credited to the rising demand for mobile and semi-mobile asphalt mixing plants with few transport units across the region.