Market Overview:
The global asphalt content 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 in various applications, such as industrial application, research application, and other applications. In terms of type, the global market is segmented into manual mode and automatic mode. The automatic mode segment is expected to grow at a higher CAGR than the manual mode segment during the forecast period from 2018 to 2030.
Product Definition:
The Asphalt Content Furnace is a device used to measure the asphalt content of bituminous paving mixtures. The importance of the Asphalt Content Furnace is that it allows for the accurate determination of asphalt content in a paving mixture, which is necessary for ensuring that the mixture meets specifications.
Manual Mode:
Manual mode is a process in which the furnace operator controls the furnace through a manual or semi-automatic control system. The operator can adjust temperature, feed, and other operating parameters through manual mode. Manual mode furnaces are used for melting low-quality iron ore to produce pig iron and steel.
The global asphalt content market size was valued at USD 1,078 million in 2016.
Automatic Mode:
Automatic mode is a process in which the furnace temperature is controlled by an electronic thermostat. The system works on the principle of heat transfer from the firebox to the distillation column, and then from there to different parts of the plant where it’s used.
The automatic mode can be used for both continuous as well as batch processes.
Application Insights:
The other applications segment accounted for the largest share of the global market in 2017. The segment includes automotive, construction and others. Increasing demand for AGCFs from various industries is expected to drive product demand over the forecast period. In terms of revenue, industrial application was observed to be leading with a share of 33% in 2017 on account of factors such as increasing steel production and growing emphasis on energy efficiency among others.
AGCFs are widely used in several industries including automotive, construction and others owing to their ability to produce high-quality products at low cost while maintaining excellent heat transfer properties along with ease of installation process among other advantages offered by these units such as safety devices that prevent accidents during start up or operation which further boosts its adoption across various end-use segments globally over the recent past years.
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 increasing demand from end-use industries, such as construction, automotive, aerospace & defense and others. China is one of the largest markets for these products owing to rapid industrialization along with growing infrastructure activities in this country.
Europe accounted for a significant share of global revenue in 2017 due to high demand from several end-use applications including aerospace & defense and heavy machinery industry. In addition, rising R&D activities related to asphalt content are anticipated to fuel product adoption across Europe during the forecast period.
The Middle East & Africa region is projecteded exhibit lucrative growth over the next eight years owing both verticals (Aerospace & Defense; Construction) coupled with emerging economies (UAE). Moreover, increasing investments by foreign players coupled with favorable government policies are likely boost regional growth during this period (2030).
Growth Factors:
- Increasing demand for asphalt from the construction and transportation sectors is expected to drive the growth of the asphalt content furnace market during the forecast period.
- The increasing use of asphalt in pavements, roofs, and other applications is also projected to fuel the demand for asphalt content furnaces in the near future.
- The growing infrastructure development activities across various regions are anticipated to create lucrative opportunities for players operating in this market over the next few years.
- Rising awareness about energy-efficient and environment-friendly furnaces is projected to boost demand for these products in coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Asphalt Content 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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Asphalt Content Furnace Market Report Segments:
The global Asphalt Content 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 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 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?
An asphalt content furnace is a type of industrial furnace used to produce asphalt.
Some of the major players in the asphalt content furnace market are Thermo Scientific, Matest, Shanghai Civil & Road Instrument, Humboldt Mfg, CARBOLITE GERO, China Gere Technology Co., Ltd, Thermo Scientific.
The asphalt content 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 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 Furnace Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Asphalt Content 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 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 Furnace Market Size & Forecast, 2020-2028
4.5.1 Asphalt Content Furnace Market Size and Y-o-Y Growth
4.5.2 Asphalt Content 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 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 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 Furnace Market: Competitive Dashboard
14.2 Global Asphalt Content 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
