Asphalt Mixing Plants Market to exceed USD 7 billion by 2024

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Asphalt Mixing Plants Market Global Industry
Analysis Report, Share, Growth, Price Trends and
Forecast, 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Asphalt Mixing Plants Market

• Strong growth drivers in construction industry
  are likely to remain a prime factor propelling
  the asphalt mixing plants market in the forecast
  period. The industry is primarily driven by
  product demand from road construction and repair
  projects.
• Booming commercial and passenger vehicles sales
  across the globe shall consequently lead to rise
  in road repair and construction activities. This
  trend shall propel asphalt mixing plants market
  in the next few years.
• Increasing asphalt production, mainly in Europe
  and the U.S., is a crucial growth factor for
  asphalt mixing plants market size growth over the
  next few years.
• Batch plants offer greater flexibility as the hot
  mix aggregate composition can be altered with
  every batch.

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Continued...

• Continuous asphalt mixing plants market size
  shall observe CAGR of over 1.3 by 2024.
• Parallel flow and counter flow are two main types
  of continuous plants and counter-flow currently
  has higher demand than parallel and shall witness
  significant gains during the forecast timeframe.
• Road construction was the biggest application
  segment for asphalt mixing plants market in 2016
  and shall grow at a CAGR of 1.6 in the forecast
  duration.
• Latin America and Asia Pacific, followed by
  Middle East Africa, are increasing their
  investments in improving public infrastructure,
  of which, road repair and construction, accounts
  for a major part.

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U.S. asphalt mixing plants market size, by
process, 2013 - 2024 (USD Million)

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360 Analysis

• Product Analysis
• The steadily growing road repair and construction
  business across the globe will be accelerating
  product demand over the forecast timespan.
  Asphalt mixing plants are widely used in tunnels,
  highways, bridges and road construction projects.
• Regional Analysis
• Latin America and Middle East Africa shall show
  significant growth rate by 2024. Latin America
  market is likely to reach a CAGR of around 1.5
  over the forecast timespan owing to huge capital
  investments from governments of Brazil and Mexico
  for improving the infrastructural scenario in
  this region.
• Asia Pacific held a major chunk of global asphalt
  mixing plants market and in 2016, it had
  generated revenue more than USD 2.5 billion.
• Competitive Market Share
• Key asphalt mixing plants manufacturers are
  MARINI S.p.A, Nikko Company Limited, ASTEC,
  AMMANN Group and Benninghoven.

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