Market Overview:
The global ready mixed asphalt market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for ready mixed asphalt from various end-use industries such as residential, commercial, infrastructure and industrial. In addition, the growing awareness about environment-friendly construction practices is also propelling the demand for ready mixed asphalt globally. On the basis of type, hot mix accounted for a larger share of the global market in 2017.
Product Definition:
Ready mixed asphalt is a type of asphalt that is made up of hot liquid asphalt and aggregate materials. It is used for paving roads, parking lots, and other surfaces.
Hot Mix:
Hot mix asphalt (HMA) is a mixture of crushed stone, sand, and gravel which are heated to a temperature of approximately 300°C. This process helps in reducing the time required for complete mixing as well as improves durability and workability of the product.
Cold Mix:
The cold mix is a pre-mixed concrete, which is used in the manufacturing of ready mixed asphalt (RMA). It contains sand, gravel, limestone or other aggregate materials along with water and oil. The mixture is then heated to a temperature lower than the melting point of ice but higher than the liquid state of ground granular material. This process helps in binding all ingredients together and forms a solid mass that can be used as per requirement for RMA production.
Application Insights:
The market is segmented by application into residential, commercial and infrastructure, and industrial. The residential sector accounted for the largest share in 2016 owing to increasing urbanization leading to rise in demand for construction of roads and pavements. Moreover, rapid growth of the housing sector across various countries including China, India and Australia is expected to drive demand over the forecast period.
Rising need for road infrastructure development along with growing investments from foreign players particularly from Japan will ensure stability of supply over the long term despite volatility in short term markets. In addition, presence of key manufacturers including Holcim Ltd., LafargeHolcim S.A.
Regional Analysis:
Asia Pacific dominated the global ready mixed asphalt market in 2016 and is expected to continue its dominance over the next eight years. The region has a large number of construction projects ongoing, which will drive the product demand. Furthermore, increasing infrastructure spending in developing countries such as China and India are likely to have a positive impact on industry growth over the forecast period.
The growing need for commercial buildings is anticipated to propel CMA's investments in this sector, thereby driving RMA demand across Europe during the forecast period. In addition, rising government initiatives towards infrastructural development are projected to boost market growth across Eastern European countries including Russia and Poland.
North America accounted for more than 20% of total revenue share in 2016 owing to high investment levels witnessed during that year pertaining mainlyto renovation activities carried out within existing built structures coupled with new construction activities undertaken by consumers & businesses alike within U.S.
Growth Factors:
- Increasing demand for asphalt from the construction sector as a result of growth in infrastructure development activities
- Rising demand for asphalt from the transportation sector due to increasing road and highway networks across the globe
- Growing use of asphalt in airport runway construction and maintenance projects
- Increasing investments by governments in public infrastructure projects, which is likely to boost demand for ready mixed asphalt over the forecast period
- Technological advancements that have led to development of new types of mixes such as warm mix asphalt, which is expected to fuel market growth over the next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
Ready Mixed Asphalt Market Research Report
By Type
Hot Mix, Cold Mix
By Application
Residential, Commercial, Infrastructure, Industrial
By Companies
SUBICCON, Martin Marietta, US Aggregates, Aggregate Industries, All States Materials Group, Marcbilt, Lehigh Hanson, Breedon Group, SUBICCON
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
120
Number of Tables & Figures
84
Customization Available
Yes, the report can be customized as per your need.
Global Ready Mixed Asphalt Market Report Segments:
The global Ready Mixed Asphalt market is segmented on the basis of:
Types
Hot Mix, Cold Mix
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
Residential, Commercial, Infrastructure, Industrial
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:
- SUBICCON
- Martin Marietta
- US Aggregates
- Aggregate Industries
- All States Materials Group
- Marcbilt
- Lehigh Hanson
- Breedon Group
- SUBICCON
Highlights of The Ready Mixed Asphalt 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:
- Hot Mix
- Cold Mix
- By Application:
- Residential
- Commercial
- Infrastructure
- Industrial
- 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 Ready Mixed Asphalt 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?
Ready mixed asphalt is a type of asphalt that is made up of small pieces that have been pre-mixed and ready to be used. This type of asphalt is often used in areas where it is not necessary to wait for the mixture to dry before using it, such as on roads.
Some of the key players operating in the ready mixed asphalt market are SUBICCON, Martin Marietta, US Aggregates, Aggregate Industries, All States Materials Group, Marcbilt, Lehigh Hanson, Breedon Group, SUBICCON.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ready Mixed Asphalt 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 Ready Mixed Asphalt Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ready Mixed Asphalt 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 Ready Mixed Asphalt 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 Ready Mixed Asphalt Market Size & Forecast, 2018-2028
4.5.1 Ready Mixed Asphalt Market Size and Y-o-Y Growth
4.5.2 Ready Mixed Asphalt Market Absolute $ Opportunity
Chapter 5 Global Ready Mixed Asphalt 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 Ready Mixed Asphalt Market Size Forecast by Type
5.2.1 Hot Mix
5.2.2 Cold Mix
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Ready Mixed Asphalt 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 Ready Mixed Asphalt Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.2.3 Infrastructure
6.2.4 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ready Mixed Asphalt 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 Ready Mixed Asphalt 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 Ready Mixed Asphalt Analysis and Forecast
9.1 Introduction
9.2 North America Ready Mixed Asphalt 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 Ready Mixed Asphalt Market Size Forecast by Type
9.6.1 Hot Mix
9.6.2 Cold Mix
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 Ready Mixed Asphalt Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.10.3 Infrastructure
9.10.4 Industrial
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 Ready Mixed Asphalt Analysis and Forecast
10.1 Introduction
10.2 Europe Ready Mixed Asphalt 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 Ready Mixed Asphalt Market Size Forecast by Type
10.6.1 Hot Mix
10.6.2 Cold Mix
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 Ready Mixed Asphalt Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.10.3 Infrastructure
10.10.4 Industrial
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 Ready Mixed Asphalt Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Ready Mixed Asphalt 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 Ready Mixed Asphalt Market Size Forecast by Type
11.6.1 Hot Mix
11.6.2 Cold Mix
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 Ready Mixed Asphalt Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.10.3 Infrastructure
11.10.4 Industrial
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 Ready Mixed Asphalt Analysis and Forecast
12.1 Introduction
12.2 Latin America Ready Mixed Asphalt 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 Ready Mixed Asphalt Market Size Forecast by Type
12.6.1 Hot Mix
12.6.2 Cold Mix
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 Ready Mixed Asphalt Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.10.3 Infrastructure
12.10.4 Industrial
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) Ready Mixed Asphalt Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Ready Mixed Asphalt 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) Ready Mixed Asphalt Market Size Forecast by Type
13.6.1 Hot Mix
13.6.2 Cold Mix
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) Ready Mixed Asphalt Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.10.3 Infrastructure
13.10.4 Industrial
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 Ready Mixed Asphalt Market: Competitive Dashboard
14.2 Global Ready Mixed Asphalt Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SUBICCON
14.3.2 Martin Marietta
14.3.3 US Aggregates
14.3.4 Aggregate Industries
14.3.5 All States Materials Group
14.3.6 Marcbilt
14.3.7 Lehigh Hanson
14.3.8 Breedon Group
14.3.9 SUBICCON
