Recycled Asphalt Market was valued at USD 8.44 billion in 2021 and is expected to reach USD 12.78 billion by 2029, registering a CAGR of 6.5% during the forecast period of 2022-2029.
Crushing the top layer of the current asphalt site is the first step in the recycling of asphalt. The reclaimed asphalt is utilised for resurfacing and construction projects. They are also employed in the manufacturing of roofing asphalt shingles. Additionally, it decreases the usage of natural resources like coal and water. Asphalt can incorporate roofing shingles and tyre rubber that has been ground down. By using materials from homes that would otherwise end up in landfills, less virgin material is required.
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Some of the key players operating in the global recycled asphalt market include:
- 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
- Sinopec
- Shell Bitumen, Corporation.
- Tokuyama Corporation
- Evonik Industries AG
- Merck Millipore Limited
- Nippon Chemical Industrial Co. Ltd.
- PQ Group Holdings Inc.
- Occidental Petroleum Corporation
- CIECH S.A.
- Other Players
Segments
By Type
- Hot Recycling Asphalt
- Cold Recycling Asphalt
By Application
- Patch Material
- Hot Mix Asphalt
- Temporary Driveways and Roads
- Road Aggregate
- Interlocking Bricks
- New Asphalt Shingles
- Energy Recovery
- Others
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