Scienza e Tecnologia
Sustainability Concerns Increasing the Usage of Recycled Asphalts among Manufacturers: Fact.MR
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Also, benefits such as reduced construction material costs, less use of petroleum based products, and conservation of natural resources by requiring less virgin aggregate and asphalt in construction projects have heightened the growth prospects for market players. According to the U.S. Federal Highway Administration, around 100.1 million tons of asphalt pavements are milled off every year during the widening and resurfacing projects across the region. Hence, major key players are focusing on establishing strategic tie-ups and collaboration with road construction companies to improve their growth prospects.
According to Fact.MR, the global recycled asphalt market is anticipated to exceed the valuation of around US$ 6970 Mn through 2021.
Bodean Company, Certain Teed, Cherry Companies, Downer Group, GAF Materials, Lone Star Paving, Owens Corning, Pavement Recycling System Inc., The Kraemer Company LLC, and Wirtgen Group are some of the prominent manufacturers profiled by Fact.MR. Prominent players are focusing on developing the products and establishing partnerships with road companies, introducing new projects and workshops to bring awareness among people to maintain the lead in the industry.
For instance, in March 2021 , GreenMantra Technologies announced the partnership with HARKE Group to expand its recycling technology that is used in asphalt roofing products in Europe forging a new partnership with the HARKE Group.
Also, in 2019, GAF announced the plan of opening a new manufacturing plant in Pennsylvania to expand their business in New Columbia by creating 35 skilled manufacturing and office jobs.
Furthermore, in February 2019 , Crafco announced HP Asphalt cold patch producer partner program to produce and market bulk Crafco HP Asphalt Cold Patch at their own plants.
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Fact.MR, in its new offering, presents a detailed analysis of the global recycled asphalt market. The study divulges essential insights on the major trends and opportunities of global recycled asphalt market. To gain a better perspective on the market potential and scope, the market is segmented on the basis of type (hot recycling, and cold recycling), application (patch material, hot mix asphalt, temporary driveways & roads, road aggregate, interlocking bricks, new asphalt shingles, and energy recovery), across major regions of the world ( North America , Latin America , Europe , East Asia , South Asia , Oceania and Middle East & Africa ).
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