Short Description About Asphalt Plants (Asphalt Mixing Plants) Market 2021
Asphalt Plants also known as Asphalt Mixing Plant is the plant that is used for mixing warm aggregate, soft materials and asphalt for similar mixture at the required temperature. It is used for construction of highway and city road.
The Asphalt Mixing Plants consumption volume was 2864 Units in 2017 and is expected to reach 3572 Units in 2025, growing at a CAGR of 2.80% from 2017 to 2025. China`s sales volume accounted for the highest market share (35.41%) in 2017, followed by the Europe. China is expected to maintain the largest production and consumption status. India will be the fastest growing region with a CAGR of 4.90%.
In the past five years from 2013 to 2017, global Asphalt Mixing Plants production revenue market scale was from 2115.22 million US dollars to USD 2073.40 million. It is estimated to reach 2407.85 million dollars by 2025, with the CAGR of 1.89% in terms of revenue over the period 2017-2025.
The Asphalt Plants (Asphalt Mixing Plants) market was valued at 2090 Million USD in 2018 and is projected to reach 2410 Million USD by 2025, at a CAGR of 2.1% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Asphalt Plants (Asphalt Mixing Plants).
The report considers the revenue generated from the sales of this report and technologies by various application segments like an extensive assessment of key drivers, driving business players, key portions, and areas. aside from this, the specialists have profoundly considered distinctive geological territories and introduced a significant situation to assist new participants, driving business players, and speculators to make a decision developing economies.
