Different economic and environmental benefits gained by utilization of recycled asphalt drive the growth of the market. North America garnered the major market share in 2019, and will continue its leadership status during the forecast period. There has been huge decline in construction and infrastructural activities across the globe during the pandemic. This reduced the demand for recycled asphalt from different industry verticals.
Portland, OR, Feb. 22, 2021 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global recycled asphalt market generated $7.1 billion in 2019, and is expected to generate $10.4 billion by 2027, witnessing a CAGR of 5.9% from 2020 to 2027. The report offers extensive analysis of changing market trends, key segments, major investment pockets, regional scenario, and competitive landscape.
Different economic and environmental benefits gained by utilization of recycled asphalt drive the growth of the market. However, limitations regarding the usage of this material hinder the global recycled asphalt growth. Contrarily, technological innovations and development of custom solutions are expected to present lucrative opportunities in the industry.
Download PDF Brochure: https://www.alliedmarketresearch.com/request-sample/9820
The report offers detailed segmentation of the global recycled asphalt based on type, application, and region.
By type, the hot recycling segment accounted for more than three-fifths of the total market share in 2019, and is estimated to maintain its lead position by 2027. In addition, the same segment is expected to register the highest CAGR of 6.0% during the forecast period. The research also analyzes the cold recycling segment.
Get Detailed COVID-19 Impact Analysis on the Recycled Asphalt Market @ https://www.alliedmarketresearch.com/request-for-customization/9638?reqfor=covid
By application, the patch material segment held nearly one-third of the global recycled asphalt market in 2019, and is projected to maintain its dominant share by 2027. However, the road aggregate for unpaved roadways segment is estimated to witness the fastest CAGR of 6.4% from 2020 to 2027.
By region, North America garnered the major market share in 2019, accounting for more than two-fifths of the total market share, and will continue its leadership status during the forecast period. However, Asia-Pacific would manifest the highest CAGR of 6.4% from 2020 to 2027.
Leading players of the global recycled asphalt market discussed in the report include Tokuyama Corporation, Merck KGaA Millipore Limited, Evonik Industries AG, PQ Group Holdings Inc ., Nippon Chemical Industrial Co. Ltd., CIECH S.A., Occidental Petroleum Corporation, Shijiazhuang Shuanglian Chemical Industry Co. Ltd., Sinchem Silica Gel Co. Ltd., and Kiran Global Chem Limited.
Interested in Procuring this Report? Visit Here: https://www.alliedmarketresearch.com/recycled-asphalt-market/purchase-options
Avenue Basic Plan | Library Access | 1 Year Subscription |
Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.
Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter
Get more information: https://www.alliedmarketresearch.com/library-access
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.
CONTACT: Contact: David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States Toll Free: 1-800-792-5285 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1-855-550-5975 email@example.com Web: https://www.alliedmarketresearch.com