Recycled Asphalt Market was valued at USD 7.84 billion in 2021 and is expected to reach USD 11.68 billion by 2029, registering a CAGR of 5.10% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Recycled asphalt or reclaimed asphalt is processed pavement containing asphalt and aggregates. Production of virgin asphalt propels CO2 emissions as it requires the burning of fossil fuels, but recycled production of asphalt magnifies environmental pollution and endangers frugal nature of natural resources in the process. Therefore, recycled asphalt is the effective method to reduce the overall production of toxins.
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Some of the major players operating in the recycled asphalt market are:
- BASF SE (Germany)
- Dupont (U.S.)
- SOLVAY (Belgium)
- 3M (U.S.)
- Honeywell International Inc. (U.S.)
- Corporate.Evonik (Germany)
- Huntsman International LLC (U.S.)
- GCP Applied Technologies Inc. (U.S.)
- RPM International (U.S.)
- Fosroc Inc., (U.K.)
- Dow (U.S.)
- Saint-Gobain (France)
- Arkem S.A. (France)
- Ashland Inc (U.S.)
- Mapei S.p.A (Italy)
Global Recycled Asphalt Market Scope:
The recycled asphalt market is segmented on the basis of application, product type, end-use and type. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Application
- Path Material
- Hot-mix Asphalt
- Temporary Driveways and Roads
- Road Aggregate for Unpaved Roadways
- Interlocking Bricks
- New Asphalt Shingles
- Energy Recovery
Product Type
- Hot Recycling
- Cold Recycling
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Recycled Asphalt Market Regional Analysis/Insights:
The recycled asphalt market is analysed and market size insights and trends are provided by country, application, product type, end-use and type as referenced above.
The countries covered in the recycled asphalt market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the recycled asphalt market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the fact that recycled asphalt in paving mixes is permitted in several states in the United States, including Minnesota, Missouri, North Carolina, Ohio, Oregon, Texas, and Georgia.
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