Market Overview:
The global asphalt content binder ignition furnace market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for asphalt content binder ignition furnaces in various applications such as industrial, research, and other applications. Additionally, the growing construction industry is also fueling the demand for asphalt content binder ignition furnaces across the globe.
Product Definition:
An asphalt content binder ignition furnace is a device used to heat and test the contents of an asphalt binder sample. The importance of this device is that it can help ensure that the asphalt binder meets certain specifications.
Manual Mode:
Manual mode is a process in which the operator uses a foot treadle or hand crank to start the engine. It has low power compared to electric furnaces and also has no temperature control system, it's completely dependent on the operator's skills and efforts. The manual mode furnace is mainly used for melting iron ore pellets or slag in steel making industries.
Automatic Mode:
Automatic mode is a type of control system used to increase the furnace temperature by using programmed cycles. It varies the fuel and air supply according to certain programmed cycles. The automatic mode uses feedback mechanism for maintaining optimum conditions in the process of melting asphalt content binder with furnace temperature as an input variable.
The major advantage associated with this product is that it maintains optimum conditions for longer periods, thereby reducing maintenance cost significantly over a period of time compared to traditional systems.
Application Insights:
The industrial application segment led the global asphalt content binder ignition furnace market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for coal as an energy source from industries including cement, iron and steel, power generation, etc. In addition, stringent regulations on air pollution control by regional governments are expected to boost product demand in industrial applications over the next eight years.
The research application segment is anticipated to witness substantial growth during the forecast period owing to rising R&D activities pertaining fire safety equipment & systems in laboratories across various countries such as China, India Japan Australia New Zealand (NZ).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising industrialization, increasing infrastructure development, and rapid urbanization across emerging economies such as China, India, Indonesia among others. In addition, growing automotive industry in developing countries including China and India are expected to drive demand for these furnaces over the next eight years.
The Asia Pacific regional market is also characterized by rapidly expanding manufacturing sector across various industries such as cement plants & kilns; lime kilns; steel production facilities; foundries; refineries & petrochemical complexes along with other heavy industries that require asphalt content binder for their production process. These factors have contributed significantly toward product demand within Asia Pacific region during the last few years which has further increased its share within global arena in terms of revenue generation from 2016 to 2017 alone (i.e., from 33%to 34%).
Growth Factors:
- Increasing demand for asphalt content binder in the construction industry as a result of growing infrastructure development activities across the globe.
- Rising demand for asphalt content binders from the transportation sector due to increasing road and highway construction projects worldwide.
- Growing use of asphalt content binders in roofing applications, owing to their superior properties such as weather resistance and durability.
- Increasing popularity of asphalt content binders in paving applications, due to their superior performance characteristics over traditional paving materials such as concrete and bricks.
Scope Of The Report
Report Attributes
Report Details
Report Title
Asphalt Content Binder Ignition Furnace Market Research Report
By Type
Manual Mode, Automatic Mode
By Application
Industrial Application, Research Application, Other Applications
By Companies
Thermo Scientific, Matest, Shanghai Civil & Road Instrument, Humboldt Mfg, CARBOLITE GERO, China Gere Technology Co., Ltd, Thermo Scientific
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
215
Number of Tables & Figures
151
Customization Available
Yes, the report can be customized as per your need.
Global Asphalt Content Binder Ignition Furnace Market Report Segments:
The global Asphalt Content Binder Ignition Furnace market is segmented on the basis of:
Types
Manual Mode, Automatic Mode
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial Application, Research Application, Other Applications
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Thermo Scientific
- Matest
- Shanghai Civil & Road Instrument
- Humboldt Mfg
- CARBOLITE GERO
- China Gere Technology Co., Ltd
- Thermo Scientific
Highlights of The Asphalt Content Binder Ignition Furnace Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Manual Mode
- Automatic Mode
- By Application:
- Industrial Application
- Research Application
- Other Applications
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Asphalt Content Binder Ignition Furnace Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Asphalt content binder ignition furnace is a type of industrial furnace that uses asphalt as the fuel to produce heat and energy.
Some of the key players operating in the asphalt content binder ignition furnace market are Thermo Scientific, Matest, Shanghai Civil & Road Instrument, Humboldt Mfg, CARBOLITE GERO, China Gere Technology Co., Ltd, Thermo Scientific.
The asphalt content binder ignition furnace market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Asphalt Content Binder Ignition Furnace Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Asphalt Content Binder Ignition Furnace Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Asphalt Content Binder Ignition Furnace Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Asphalt Content Binder Ignition Furnace Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Asphalt Content Binder Ignition Furnace Market Size & Forecast, 2020-2028
4.5.1 Asphalt Content Binder Ignition Furnace Market Size and Y-o-Y Growth
4.5.2 Asphalt Content Binder Ignition Furnace Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Manual Mode
5.2.2 Automatic Mode
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Industrial Application
6.2.2 Research Application
6.2.3 Other Applications
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Asphalt Content Binder Ignition Furnace Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Asphalt Content Binder Ignition Furnace Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Manual Mode
9.6.2 Automatic Mode
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Industrial Application
9.10.2 Research Application
9.10.3 Other Applications
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Manual Mode
10.6.2 Automatic Mode
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Industrial Application
10.10.2 Research Application
10.10.3 Other Applications
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Manual Mode
11.6.2 Automatic Mode
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Industrial Application
11.10.2 Research Application
11.10.3 Other Applications
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Manual Mode
12.6.2 Automatic Mode
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Industrial Application
12.10.2 Research Application
12.10.3 Other Applications
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Manual Mode
13.6.2 Automatic Mode
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Industrial Application
13.10.2 Research Application
13.10.3 Other Applications
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Asphalt Content Binder Ignition Furnace Market: Competitive Dashboard
14.2 Global Asphalt Content Binder Ignition Furnace Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Thermo Scientific
14.3.2 Matest
14.3.3 Shanghai Civil & Road Instrument
14.3.4 Humboldt Mfg
14.3.5 CARBOLITE GERO
14.3.6 China Gere Technology Co., Ltd
14.3.7 Thermo Scientific
