Recycled Asphalt Market Overview:

For the global industry's Recycled Asphalt market analysis, a research team did thorough primary and secondary research. Secondary research was carried out in order to enhance the existing data, segment the market, estimate overall market size, predict market size, and growth rate.

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Global Recycled Asphalt Market is expected to reach US$ 11.46 Bn. by 2029, at a CAGR of 5.95% during the forecast period.

Market Scope:

Our crew gathers market information and data from a variety of sources in order to present a more accurate regional view. The country-level analysis of the study is based on an examination of numerous regional stakeholders, regional tax laws and policies, consumer behaviour, and macroeconomic data.

Drivers:

Fresh asphalt must be produced using fossil fuels, which produces significant CO2 emissions. Asphalt is produced repeatedly, which causes pollution and has an impact on natural resources. Recycling asphalt preserves natural resources and lowers air pollution because it doesn't require burning fossil fuels. Asphalt recycling has consequently emerged as one of the most successful strategies for reducing toxin production globally. Additionally, recycled asphalt is much less expensive and is just as durable as virgin asphalt. When heated and mixed with new asphalt for construction and maintenance projects on pavement, recycled asphalt shingles (RAS) are more useful.

Segmentation:

Cold recycling and hot recycling are the two categories into which the recycled asphalt market is divided. The popular recycling sector controlled a market share in 2021. This was made possible by benefits like the ability to perform on-site repaving in a single or multiple pass operation. The work is completed on-site, which lowers logistics costs and bodes well for market expansion. During the anticipated period, the hot recycling segment is anticipated to expand at a CAGR of 5.9%.

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Key Players: The key players are

• Bodean Company
• CertainTeed
• Cherry Companies
• Downer Group,
• GAF Materials
• Lone Star Paving
• Owens Corning
• Pavement Recycling System, Inc.
• The Kraemer Company, LLC
• Wirtgen Group
• Oldcastle Materials

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Regional Analysis:

A country-level study of the Recycled Asphalt Market focuses on segments identified as potentially high-growth, countries with the biggest market share, and nations with the greatest development potential. North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), and other nations are the geographical breakdowns in the Recycled Asphalt Market study.

COVID-19 Impact Analysis on Recycled Asphalt Market: The report covers COVID-19 impact on Recycled Asphalt market.

Key Questions Answered in the Recycled Asphalt Market Report are:

What will be the CAGR of the Recycled Asphalt market during the forecast period?
Which segment emerged as the leading segment in the Recycled Asphalt market?
Which are the prominent players in the Recycled Asphalt market?
What will be the Recycled Asphalt market size by 2027?
Which company held the largest share in the Recycled Asphalt market?
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