Asphalt mixing plants market is projected to observe increasing growth on account of rising investments in infrastructure including highways, expressways and bridges among others. These plants are used to mix bitumen and aggregates to form hot mix paving material. The asphalt mining plant consist of some key components such as aggregate and bitumen supply system, coal feeder and burner, dryer, dust collector, and asphalt storage system etc.
Based on type, the market is segmented into recycled, mobile, stationary, batch, asphalt drum, and mobile hot. Recycled asphalt mixing plant is used in the industry owing to modern technology at low acquisition cost. In this type of plant, multiple geared motors are used which reduces maintenance and fuel costs. Additionally, the efficient burner can be deployed, to improve cost savings.
Investments in expressways and highways especially in developing economies such as India and Brazil is projected to remain a key driving factor for the market. For instance, the construction of highways in India reached to 13,327 km per year in 2020-21 from 4,410 km per year in 2014-15. The pace of the construction in India has also increased to reach 37 km per day in 2020-21 compared to 12 km per day in 2014-15.
The growth of the asphalt mixing plants is expected to hinder by organic and inorganic emissions created during the mixing process. Government and different international bodies working for environmental protection have formed some stringent regulations, which might create challenges for asphalt mixing plant operators over the coming years. Additionally, these plants also face several challenges such as high operating costs and maintenance costs.
Asphalt mixing plants market falls in the unorganized sector and there are numerous small, medium and large companies operating in the space. The key companies in the market include Ammann Group Holding AG, Speco Limited, GP Gunter Papenburg AG, Astec Industries, Inc., Lintec & Linnhoff Germany GmbH, Benninghoven GmbH & Co., KG, Nikko Co., Ltd. and Fujian South Highway Machinery Co., Ltd. (NFLG) among others.
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