Market Overview:
The global rubberized asphalt concrete (RAC) 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 RAC from the road construction and bridge construction applications. On the basis of type, the global RAC market has been segmented into asphalt-rubber and terminal blend. The terminal blend segment is expected to account for a larger share of the global RAC market in 2018. On the basis of application, the global RAC market has been segmented into road construction, bridge construction, and others. Road construction is expected to account for a larger share of the global RAC market in 2018.
 Industry Outlook.svg)
Product Definition:
The definition of rubberized asphalt concrete (RAC) is a mixture of asphalt and rubber that is used as a paving material. RAC has many benefits over traditional asphalt, including increased durability, reduced noise, and better traction. It is also more environmentally friendly than traditional materials, as it produces less emissions and requires less energy to produce.
Asphalt-rubber:
Asphalt-rubber is a combination of asphalt and rubber. It can be used as an adhesive or in its natural state for the production of hot mix asphalt (HMA) or cold mix asphalt (CMA). The product is widely utilized in the manufacturing process of RAC, which includes emulsion polymerization, suspension polymerization, and bulk polymerization processes.
Terminal Blend:
Terminal blend is a high-performance asphalt binder that enhances the properties of rubberized asphalt concrete (RAC). It helps in increasing the workability, lowering the heat buildup, and improves adhesion.
The terminal blend is used to manufacture RAC by mixing it with fresh or recycled hot mix asphalt at a ratio of 3:1 to 4:1.
Application Insights:
The Rubberized asphalt concrete market is segmented on the basis of application into road construction, bridge construction, others. The other applications include industrial buildings, parking lots and walkways etc. In 2017, the road construction segment dominated the global rubberized asphalt concrete (RAC) market with a share of over 60%. This can be attributed to growing demand for asphalt-based products in order to repair or build new roads at a reasonable cost coupled with an increase in government funding for infrastructure development across various regions including Asia Pacific and Middle East & Africa.
In addition to this factor, increasing use of RAC as subgradelayer in municipal/state highways has also positively influenced its demand globally. Moreover, it is also used as an underlayment for bituminous surfacing on account of its high wear resistance property along with superior temperature stability and chemical stability which makes it suitable even for long term exposure to traffic fumes & heat generated by vehicles traveling on such surfaces.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a volume share of 68.1% in 2017, which can be attributed to rapid infrastructure development coupled with increasing road construction activities in emerging economies such as China and India. In addition, rising demand for rubberized asphalt concrete from other regions such as North America and Europe is likely to supplement growth over the coming years.
The Asia Pacific was followed by North America, which accounted for approximately 16% of total revenue share in 2017 owing to growing infrastructural developments along with increased spending on road construction projects by governments of Canada and Mexico. Moreover, rising number of motorway widening projects undertaken by government agencies including Transport Canada (TC) across both countries are anticipated to drive product demand over the next eight years or so.
Growth Factors:
- Increasing demand for RAC from the construction industry as a result of its superior properties such as durability, flexibility and resistance to weathering.
- Growing popularity of RAC among municipalities for resurfacing roads due to its low cost and environmental benefits.
- Rising demand for RAC in the automotive sector as a replacement for traditional asphalt pavements due to its noise-cancelling properties.
- increasing investment in infrastructure development projects across emerging economies which is expected to boost the demand for RAC in the coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Rubberized Asphalt Concrete (RAC) Market Research Report
By Type
Asphalt-rubber, Terminal Blend
By Application
Road Construction, Bridge Construction, Others
By Companies
Graniterock, HUBEI GUOCHUANG HI-TECH MATERIAL, American Tire Recycling, Hengshui Zehao, Caltrans
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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Rubberized Asphalt Concrete (RAC) Market Report Segments:
The global Rubberized Asphalt Concrete (RAC) market is segmented on the basis of:
Types
Asphalt-rubber, Terminal Blend
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
Road Construction, Bridge Construction, Others
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:
- Graniterock
- HUBEI GUOCHUANG HI-TECH MATERIAL
- American Tire Recycling
- Hengshui Zehao
- Caltrans
 Market Overview.svg)
Highlights of The Rubberized Asphalt Concrete (RAC) 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:
- Asphalt-rubber
- Terminal Blend
- By Application:
- Road Construction
- Bridge Construction
- Others
- 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 Rubberized Asphalt Concrete (RAC) 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
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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?
Rubberized asphalt concrete (RAC) is a type of pavement that is made up of small, rubber-like particles that are mixed with Portland cement and sand. The mixture is then spread over a surface and heated until the rubberized particles become liquid. This liquid asphalt then hardens into pavement. RAC has several benefits over traditional asphalt pavements, including reduced noise and vibration, improved weathering characteristics, and increased life expectancy.
Some of the major companies in the rubberized asphalt concrete (rac) market are Graniterock, HUBEI GUOCHUANG HI-TECH MATERIAL, American Tire Recycling, Hengshui Zehao, Caltrans.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Rubberized Asphalt Concrete (RAC) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Rubberized Asphalt Concrete (RAC) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Rubberized Asphalt Concrete (RAC) Market - Supply Chain
4.5. Global Rubberized Asphalt Concrete (RAC) Market Forecast
4.5.1. Rubberized Asphalt Concrete (RAC) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Rubberized Asphalt Concrete (RAC) Market Size (000 Units) and Y-o-Y Growth
4.5.3. Rubberized Asphalt Concrete (RAC) Market Absolute $ Opportunity
5. Global Rubberized Asphalt Concrete (RAC) Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Rubberized Asphalt Concrete (RAC) Market Size and Volume Forecast by Type
5.3.1. Asphalt-rubber
5.3.2. Terminal Blend
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Rubberized Asphalt Concrete (RAC) Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Rubberized Asphalt Concrete (RAC) Market Size and Volume Forecast by Application
6.3.1. Road Construction
6.3.2. Bridge Construction
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Rubberized Asphalt Concrete (RAC) Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Rubberized Asphalt Concrete (RAC) Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Rubberized Asphalt Concrete (RAC) Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Rubberized Asphalt Concrete (RAC) Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Rubberized Asphalt Concrete (RAC) Demand Share Forecast, 2019-2026
9. North America Rubberized Asphalt Concrete (RAC) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Rubberized Asphalt Concrete (RAC) Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Rubberized Asphalt Concrete (RAC) Market Size and Volume Forecast by Application
9.4.1. Road Construction
9.4.2. Bridge Construction
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Rubberized Asphalt Concrete (RAC) Market Size and Volume Forecast by Type
9.7.1. Asphalt-rubber
9.7.2. Terminal Blend
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Rubberized Asphalt Concrete (RAC) Demand Share Forecast, 2019-2026
10. Latin America Rubberized Asphalt Concrete (RAC) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Rubberized Asphalt Concrete (RAC) Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Rubberized Asphalt Concrete (RAC) Market Size and Volume Forecast by Application
10.4.1. Road Construction
10.4.2. Bridge Construction
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Rubberized Asphalt Concrete (RAC) Market Size and Volume Forecast by Type
10.7.1. Asphalt-rubber
10.7.2. Terminal Blend
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Rubberized Asphalt Concrete (RAC) Demand Share Forecast, 2019-2026
11. Europe Rubberized Asphalt Concrete (RAC) Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Rubberized Asphalt Concrete (RAC) Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Rubberized Asphalt Concrete (RAC) Market Size and Volume Forecast by Application
11.4.1. Road Construction
11.4.2. Bridge Construction
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Rubberized Asphalt Concrete (RAC) Market Size and Volume Forecast by Type
11.7.1. Asphalt-rubber
11.7.2. Terminal Blend
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Rubberized Asphalt Concrete (RAC) Demand Share, 2019-2026
12. Asia Pacific Rubberized Asphalt Concrete (RAC) Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Rubberized Asphalt Concrete (RAC) Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Rubberized Asphalt Concrete (RAC) Market Size and Volume Forecast by Application
12.4.1. Road Construction
12.4.2. Bridge Construction
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Rubberized Asphalt Concrete (RAC) Market Size and Volume Forecast by Type
12.7.1. Asphalt-rubber
12.7.2. Terminal Blend
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Rubberized Asphalt Concrete (RAC) Demand Share, 2019-2026
13. Middle East & Africa Rubberized Asphalt Concrete (RAC) Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Rubberized Asphalt Concrete (RAC) Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Rubberized Asphalt Concrete (RAC) Market Size and Volume Forecast by Application
13.4.1. Road Construction
13.4.2. Bridge Construction
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Rubberized Asphalt Concrete (RAC) Market Size and Volume Forecast by Type
13.7.1. Asphalt-rubber
13.7.2. Terminal Blend
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Rubberized Asphalt Concrete (RAC) Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Rubberized Asphalt Concrete (RAC) Market: Market Share Analysis
14.2. Rubberized Asphalt Concrete (RAC) Distributors and Customers
14.3. Rubberized Asphalt Concrete (RAC) Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Graniterock
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. HUBEI GUOCHUANG HI-TECH MATERIAL
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. American Tire Recycling
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Hengshui Zehao
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Caltrans
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
