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GLOBAL RECYCLED ASPHALT MARKET FORECAST 2023-2032

SCOPE OF THE REPORT

Global Recycled Asphalt Market by Type (Hot Recycling, Cold Recycling) Market by Application (Patch Material, Hot-mix Asphalt, Temporary Driveways & Roads, Road Aggregate for Unpaved Roadways, Interlocking Bricks, New Asphalt Shingles, Energy Recovery) by Geography


MARKET OVERVIEW

The global recycled asphalt market was valued at $xx million in 2022 and is expected to reach $xx million by 2032, growing at a CAGR of 4.98% during the forecast period, 2023-2032

Recycled asphalt, also known as reclaimed asphalt pavement (RAP), is a versatile and eco-friendly construction material widely used in road construction and maintenance. This sustainable material is created by milling or crushing old asphalt surfaces, such as roads or parking lots, and then blending the resulting asphalt fragments with new asphalt binder and aggregates. The recycled asphalt mixture is engineered to meet specific project requirements, offering a cost-effective and environmentally responsible alternative to traditional road construction materials. The recycling process often consumes less energy than producing new asphalt from raw materials, contributing to a lower carbon footprint. Additionally, recycled asphalt can be just as durable as new asphalt when processed and mixed correctly, ensuring the longevity and resilience of road surfaces.

Recycled Asphalt Market

Read our latest blog on the Recycled Asphalt Market

GROWTH ENABLERS

Key growth enablers of the global recycled asphalt market are:

  • Environmental benefits associated with recycled asphalt
    • Reclaimed Asphalt Pavement (RAP) significantly contributes to reducing greenhouse gas emissions. By reusing existing asphalt materials, the need for new oil in the asphalt creation process is minimized. This reduction in oil consumption helps mitigate carbon emissions and conserves valuable fossil fuel resources.
    • Its sustainability is further emphasized by its ability to reduce waste in landfills. RAP incorporates a mix of recycled materials, including glass, rubber, steel, and cement, thus decreasing the presence of these non-biodegradable materials in landfills while reducing the landfill space required. 
    • Moreover, the use of RAP conserves other vital natural resources. In the conventional asphalt production process, nonrenewable materials like stone, sand, and gravel are used. However, by integrating RAP, the demand for these limited resources is reduced, helping to preserve valuable geological materials. Additionally, the reduced need for virgin asphalt production decreases the consumption of nonrenewable resources like oil.
  • Cost-effective advantage for budget-constrained projects
  • Rising petroleum prices
  • Government support for using recycled asphalt in construction projects

GROWTH RESTRAINTS

Key factors restraining the global recycled asphalt market growth are:

  • Lack of consistency can deter recycled asphalt use
    • Construction projects require a high degree of reliability in their materials. When the quality of recycled asphalt varies, it can deter potential users. Inconsistent materials can lead to issues such as differing levels of durability and performance, which are crucial in construction, particularly for infrastructure and road projects. Construction professionals and decision-makers may be reluctant to adopt recycled asphalt in situations where they cannot be assured of consistent quality.
    • The lack of standardized regulations and quality control measures across different regions and projects also contributes to this challenge. With varying standards and testing protocols, users of recycled asphalt may be uncertain about the quality, which further complicates the decision-making process.
  • Lack of awareness regarding recycled asphalt’s benefits and use

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KEY MARKET TRENDS

Global Recycled Asphalt Market | Top Trends

  • With governments emphasizing sustainable and cost-efficient methods for road construction and maintenance, there is an anticipated surge in the demand for recycled asphalt. Additionally, the introduction of favorable policies and incentives aimed at encouraging the incorporation of recycled materials in infrastructure projects is poised to accelerate the recycled asphalt market growth.
  • The evolution of technology has brought about innovative approaches to recycling asphalt, significantly enhancing its appeal for road builders and contractors. These advancements have led to the emergence of improved methods for asphalt recycling, making it a more viable option. Notably, the introduction of new cold mix asphalt (CMA) technologies has transformed the landscape of road construction and maintenance. These technologies enable the incorporation of recycled asphalt into projects without the requirement of heating, resulting in energy conservation and reduced emissions. 

MARKET SEGMENTATION

Market Segmentation – Type and Application –

Market by Type: 

  • Hot Recycling
    • Hot recycling of recycled asphalt, also known as Hot In-Place Recycling (HIPR), is an innovative and sustainable approach to pavement rehabilitation and maintenance. This method involves rejuvenating and reusing the existing asphalt pavement in its current location rather than removing it and replacing it with entirely new materials.
    • The process involves heating the existing asphalt pavement to high temperatures to soften it. Once softened, the pavement is rejuvenated with a recycling agent, often an emulsion, which restores its flexibility and binding properties. The softened and rejuvenated material is then re-compacted to create a smooth and durable surface. The entire process is conducted in place, minimizing the need for transportation & disposal of old materials and reducing the environmental impact of road construction and maintenance.
  • Cold Recycling

Market by Application:

  • Patch Material
    • Recycled asphalt in patch material offers a practical and eco-friendly solution for repairing potholes and damaged sections of roadways. These patches consist of a mix of reclaimed asphalt material and a recycling agent, creating a durable and cost-effective material for road maintenance.
    • One of the primary advantages of using recycled asphalt in patch material is its sustainability. Traditional patch materials often rely on new asphalt or other raw materials, but by incorporating recycled asphalt, these patches significantly reduce the demand for fresh resources. This not only conserves valuable natural materials but also minimizes the environmental impact of road repairs.
  • Hot-Mix Asphalt
  • Temporary Driveways & Roads
  • Road Aggregate for Unpaved Roadways
  • Interlocking Bricks
  • New Asphalt Shingles
  • Energy Recovery

 

GEOGRAPHICAL STUDY

Geographical Study based on Four Major Regions: 

  • North America: The United States and Canada
    • CRH’s Americas Materials Division is actively contributing to the growth of the North America asphalt market growth. By participating in ‘The Road Forward,’ an industry-wide initiative led by the National Asphalt Pavement Association (NAPA) in the United States, CRH is taking a crucial step to combat climate change. The primary aim of this initiative is to advance the development of asphalt pavements with net-zero carbon emissions. This commitment from CRH is in perfect alignment with its status as the leading recycler of building materials in North America, where a notable 25% of every road constructed already comprises recycled materials.
    • Furthermore, the growing demand for recycled asphalt in North America is bolstered by current market dynamics. As of August 2023, the retail price of regular gasoline has surged by 6%, attributed to various factors such as production cuts by Saudi Arabia, low gasoline inventories in the United States, and scheduled refinery maintenance in the Northeast. With rising oil prices, the production cost of new asphalt escalates, driving up expenses for construction and road maintenance projects. This price increase underscores the attractiveness of recycled asphalt as a more cost-effective option for budget-conscious government agencies, municipalities, and contractors.
  • Europe: The United Kingdom, France, Germany, Spain, Italy, Poland, Belgium, and Rest of Europe
  • Asia-Pacific: China, Japan, India, South Korea, Indonesia, Thailand, Vietnam, Australia & New Zealand, and Rest of Asia-Pacific
  • Rest of World: Latin America, the Middle East & Africa

MAJOR PLAYERS

The major players in the global recycled asphalt market are:

  • CertainTeed
  • GAF Materials
  • Oldcastle Materials
  • Wirtgen Group
  • Shell Bitumen
  • Bodean Company

Key strategies adopted by some of these companies:

  • In February 2023, Saint-Gobain North America, operating through its building products subsidiary CertainTeed Roofing, secured the technology rights from its recycling partner, Asphaltica. This acquisition will enable the company to recycle waste from asphalt shingles, effectively diverting it from landfills.
  • In April 2021, GAF introduced an innovative, patented shingle recycling method. This process has resulted in the creation of the industry’s first asphalt roofing shingles that incorporate recycled materials sourced from post-consumer and post-manufacture waste shingles, thus diverting them from landfills. GAF committed over $100 million to scale up this recycling process commercially. Part of this commitment involved establishing a pilot operation in 2021 to further research and develop this groundbreaking process.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2023-2032
Base Year2022
Market Historical Years2018-2022
Forecast UnitsRevenue ($ Million)
Segments AnalyzedType and Application
Geographies AnalyzedNorth America, Europe, Asia-Pacific, and Rest of World
Companies AnalyzedCertainTeed, GAF Materials, Oldcastle Materials, Wirtgen Group, Shell Bitumen, Bodean Company, Cherry Companies, Downer Group, Lone Star Paving, Owens Corning, Pavement Recycling System Inc, The Kraemer Company LLC

TABLE OF CONTENTS

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
    3. SCOPE OF STUDY
    4. CRISIS SCENARIO ANALYSIS
      1. IMPACT OF COVID-19 ON RECYCLED ASPHALT MARKET
    5. MAJOR MARKET FINDINGS
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. ENVIRONMENTAL BENEFITS ASSOCIATED WITH RECYCLED ASPHALT
      2. COST-EFFECTIVE ADVANTAGE FOR BUDGET CONSTRAINED PROJECTS
      3. RISING PETROLEUM PRICES
      4. GOVERNMENT SUPPORT FOR USING RECYCLED ASPHALT IN CONSTRUCTION PROJECTS
    2. KEY RESTRAINTS
      1. LACK OF CONSISTENCY CAN DETER THE RECYCLED ASPHALT USE
      2. LACK OF AWARENESS REGARDING RECYCLED ASPHALT’S BENEFITS AND USE
  4. KEY ANALYTICS
    1. KEY MARKET TRENDS
      1. AGING ROAD INFRASTRUCTURE IS A GLOBAL CONCERN
      2. TECHNOLOGICAL ADVANCEMENTS IN ASPHALT RECYCLING PROCEDURE
    2. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    3. GROWTH PROSPECT MAPPING
      1. GROWTH PROSPECT MAPPING FOR UNITED STATES
      2. GROWTH PROSPECT MAPPING FOR UNITED KINGDOM
      3. GROWTH PROSPECT MAPPING FOR JAPAN
      4. GROWTH PROSPECT MAPPING FOR LATIN AMERICA
    4. MARKET MATURITY ANALYSIS
    5. MARKET CONCENTRATION ANALYSIS
  5. MARKET BY TYPE
    1. HOT RECYCLING
      1. MARKET FORECAST FIGURE
      2. SEGMENTATION ANALYSIS
    2. COLD RECYCLING
      1. MARKET FORECAST FIGURE
      2. SEGMENTATION ANALYSIS
  6. MARKET BY APPLICATION
    1. PATCH MATERIAL
      1. MARKET FORECAST FIGURE
      2. SEGMENTATION ANALYSIS
    2. HOT-MIX ASPHALT
      1. MARKET FORECAST FIGURE
      2. SEGMENTATION ANALYSIS
    3. TEMPORARY DRIVEWAYS & ROADS
      1. MARKET FORECAST FIGURE
      2. SEGMENTATION ANALYSIS
    4. ROAD AGGREGATE FOR UNPAVED ROADWAYS
      1. MARKET FORECAST FIGURE
      2. SEGMENTATION ANALYSIS
    5. INTERLOCKING BRICKS
      1. MARKET FORECAST FIGURE
      2. SEGMENTATION ANALYSIS
    6. NEW ASPHALT SHINGLES
      1. MARKET FORECAST FIGURE
      2. SEGMENTATION ANALYSIS
    7. ENERGY RECOVERY
      1. MARKET FORECAST FIGURE
      2. SEGMENTATION ANALYSIS
  7. GEOGRAPHICAL ANALYSIS
    1. NORTH AMERICA
      1. MARKET SIZE & ESTIMATES
      2. NORTH AMERICA RECYCLED ASPHALT MARKET DRIVERS
      3. NORTH AMERICA RECYCLED ASPHALT MARKET CHALLENGES
      4. NORTH AMERICA RECYCLED ASPHALT MARKET REGULATORY FRAMEWORK
      5. KEY PLAYERS IN NORTH AMERICA RECYCLED ASPHALT MARKET
      6. COUNTRY ANALYSIS
        1. UNITED STATES
          1. UNITED STATES RECYCLED ASPHALT MARKET SIZE & OPPORTUNITIES
        2. CANADA
          1. CANADA RECYCLED ASPHALT MARKET SIZE & OPPORTUNITIES
    2. EUROPE
      1. MARKET SIZE & ESTIMATES
      2. EUROPE RECYCLED ASPHALT MARKET DRIVERS
      3. EUROPE RECYCLED ASPHALT MARKET CHALLENGES
      4. EUROPE RECYCLED ASPHALT MARKET REGULATORY FRAMEWORK
      5. KEY PLAYERS IN EUROPE RECYCLED ASPHALT MARKET
      6. COUNTRY ANALYSIS
        1. UNITED KINGDOM
          1. UNITED KINGDOM RECYCLED ASPHALT MARKET SIZE & OPPORTUNITIES
        2. GERMANY
          1. GERMANY RECYCLED ASPHALT MARKET SIZE & OPPORTUNITIES
        3. FRANCE
          1. FRANCE RECYCLED ASPHALT MARKET SIZE & OPPORTUNITIES
        4. ITALY
          1. ITALY RECYCLED ASPHALT MARKET SIZE & OPPORTUNITIES
        5. SPAIN
          1. SPAIN RECYCLED ASPHALT MARKET SIZE & OPPORTUNITIES
        6. BELGIUM
          1. BELGIUM RECYCLED ASPHALT MARKET SIZE & OPPORTUNITIES
        7. POLAND
          1. POLAND RECYCLED ASPHALT MARKET SIZE & OPPORTUNITIES
        8. REST OF EUROPE
          1. REST OF EUROPE RECYCLED ASPHALT MARKET SIZE & OPPORTUNITIES
    3. ASIA-PACIFIC
      1. MARKET SIZE & ESTIMATES
      2. ASIA-PACIFIC RECYCLED ASPHALT MARKET DRIVERS
      3. ASIA-PACIFIC RECYCLED ASPHALT MARKET CHALLENGES
      4. ASIA-PACIFIC RECYCLED ASPHALT MARKET REGULATORY FRAMEWORK
      5. KEY PLAYERS IN ASIA-PACIFIC RECYCLED ASPHALT MARKET
      6. COUNTRY ANALYSIS
        1. CHINA
          1. CHINA RECYCLED ASPHALT MARKET SIZE & OPPORTUNITIES
        2. JAPAN
          1. JAPAN RECYCLED ASPHALT MARKET SIZE & OPPORTUNITIES
        3. INDIA
          1. INDIA RECYCLED ASPHALT MARKET SIZE & OPPORTUNITIES
        4. SOUTH KOREA
          1. SOUTH KOREA RECYCLED ASPHALT MARKET SIZE & OPPORTUNITIES
        5. INDONESIA
          1. INDONESIA RECYCLED ASPHALT MARKET SIZE & OPPORTUNITIES
        6. THAILAND
          1. THAILAND RECYCLED ASPHALT MARKET SIZE & OPPORTUNITIES
        7. VIETNAM
          1. VIETNAM RECYCLED ASPHALT MARKET SIZE & OPPORTUNITIES
        8. AUSTRALIA & NEW ZEALAND
          1. AUSTRALIA & NEW ZEALAND RECYCLED ASPHALT MARKET SIZE & OPPORTUNITIES
        9. REST OF ASIA-PACIFIC
          1. REST OF ASIA-PACIFIC RECYCLED ASPHALT MARKET SIZE & OPPORTUNITIES
    4. REST OF WORLD
      1. MARKET SIZE & ESTIMATES
      2. REST OF WORLD RECYCLED ASPHALT MARKET DRIVERS
      3. REST OF WORLD RECYCLED ASPHALT MARKET CHALLENGES
      4. REST OF WORLD RECYCLED ASPHALT MARKET REGULATORY FRAMEWORK
      5. KEY PLAYERS IN REST OF WORLD RECYCLED ASPHALT MARKET
      6. REGIONAL ANALYSIS
        1. LATIN AMERICA
          1. LATIN AMERICA RECYCLED ASPHALT MARKET SIZE & OPPORTUNITIES
        2. MIDDLE EAST & AFRICA
          1. MIDDLE EAST & AFRICA RECYCLED ASPHALT MARKET SIZE & OPPORTUNITIES
  8. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. MERGERS & ACQUISITIONS
      2. PRODUCT LAUNCHES & DEVELOPMENTS
      3. PARTNERSHIPS & AGREEMENTS
      4. BUSINESS EXPANSIONS & DIVESTITURES
    2. COMPANY PROFILES
      1. BODEAN COMPANY
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      2. CERTAINTEED
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      3. CHERRY COMPANIES
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      4. DOWNER GROUP
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      5. GAF MATERIALS
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      6. LONE STAR PAVING
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      7. OLDCASTLE MATERIALS INC
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      8. OWENS CORNING
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      9. PAVEMENTS RECYCLING SYSTEMS INC
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      10. SHELL BITUMEN
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      11. THE KRAEMER COMPANY LLC
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES
      12. WIRTGEN GROUP
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – RECYCLED ASPHALT 

TABLE 2: GLOBAL RECYCLED ASPHALT MARKET, BY TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 3: GLOBAL RECYCLED ASPHALT MARKET, BY TYPE, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 4: GLOBAL HOT RECYCLING MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 5: GLOBAL HOT RECYCLING MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 6: GLOBAL COLD RECYCLING MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 7: GLOBAL COLD RECYCLING MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 8: GLOBAL RECYCLED ASPHALT MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 9: GLOBAL RECYCLED ASPHALT MARKET, BY APPLICATION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 10: GLOBAL PATCH MATERIAL MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 11: GLOBAL PATCH MATERIAL MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 12: GLOBAL HOT-MIX ASPHALT MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 13: GLOBAL HOT-MIX ASPHALT MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 14: GLOBAL TEMPORARY DRIVEWAYS & ROADS MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 15: GLOBAL TEMPORARY DRIVEWAYS & ROADS MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 16: GLOBAL ROAD AGGREGATE FOR UNPAVED ROADWAYS MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 17: GLOBAL ROAD AGGREGATE FOR UNPAVED ROADWAYS MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 18: GLOBAL INTERLOCKING BRICKS MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 19: GLOBAL INTERLOCKING BRICKS MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 20: GLOBAL NEW ASPHALT SHINGLES MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 21: GLOBAL NEW ASPHALT SHINGLES MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 22: GLOBAL ENERGY RECOVERY MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 23: GLOBAL ENERGY RECOVERY MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 24: GLOBAL RECYCLED ASPHALT MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 25: GLOBAL RECYCLED ASPHALT MARKET, BY GEOGRAPHY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 26: NORTH AMERICA RECYCLED ASPHALT MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 27: NORTH AMERICA RECYCLED ASPHALT MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 28: NORTH AMERICA RECYCLED ASPHALT MARKET REGULATORY FRAMEWORK

TABLE 29: KEY PLAYERS OPERATING IN NORTH AMERICA RECYCLED ASPHALT MARKET

TABLE 30: EUROPE RECYCLED ASPHALT MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION) 

TABLE 31: EUROPE RECYCLED ASPHALT MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 32: EUROPE RECYCLED ASPHALT MARKET REGULATORY FRAMEWORK

TABLE 33: KEY PLAYERS OPERATING IN EUROPE RECYCLED ASPHALT MARKET

TABLE 34: ASIA-PACIFIC RECYCLED ASPHALT MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 35: ASIA-PACIFIC RECYCLED ASPHALT MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 36: ASIA-PACIFIC RECYCLED ASPHALT MARKET REGULATORY FRAMEWORK

TABLE 37: KEY PLAYERS OPERATING IN ASIA-PACIFIC RECYCLED ASPHALT MARKET

TABLE 38: REST OF WORLD RECYCLED ASPHALT MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 39: REST OF WORLD RECYCLED ASPHALT MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 40: REST OF WORLD RECYCLED ASPHALT MARKET REGULATORY FRAMEWORK

TABLE 41: KEY PLAYERS OPERATING IN REST OF WORLD RECYCLED ASPHALT MARKET

TABLE 42: LIST OF MERGERS & ACQUISITIONS

TABLE 43: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 44: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 45: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES 

FIGURE 1: KEY MARKET TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: GROWTH PROSPECT MAPPING FOR UNITED STATES 

FIGURE 4: GROWTH PROSPECT MAPPING FOR UNITED KINGDOM

FIGURE 5: GROWTH PROSPECT MAPPING FOR JAPAN

FIGURE 6: GROWTH PROSPECT MAPPING FOR LATIN AMERICA

FIGURE 7: MARKET MATURITY ANALYSIS

FIGURE 8: MARKET CONCENTRATION ANALYSIS

FIGURE 9: GLOBAL RECYCLED ASPHALT MARKET, GROWTH POTENTIAL, BY TYPE, IN 2022

FIGURE 10: GLOBAL RECYCLED ASPHALT MARKET, BY HOT RECYCLING, 2023-2032 (IN $ MILLION)

FIGURE 11: GLOBAL RECYCLED ASPHALT MARKET, BY COLD RECYCLING, 2023-2032 (IN $ MILLION)

FIGURE 12: GLOBAL RECYCLED ASPHALT MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2022

FIGURE 13: GLOBAL RECYCLED ASPHALT MARKET, BY PATCH MATERIAL, 2023-2032 (IN $ MILLION)

FIGURE 14: GLOBAL RECYCLED ASPHALT MARKET, BY HOT-MIX ASPHALT, 2023-2032 (IN $ MILLION)

FIGURE 15: GLOBAL RECYCLED ASPHALT MARKET, BY TEMPORARY DRIVEWAYS & ROADS, 2023-2032 (IN $ MILLION)

FIGURE 16: GLOBAL RECYCLED ASPHALT MARKET, BY ROAD AGGREGATE FOR UNPAVED ROADWAYS, 2023-2032 (IN $ MILLION)

FIGURE 17: GLOBAL RECYCLED ASPHALT MARKET, BY INTERLOCKING BRICKS 2023-2032 (IN $ MILLION)

FIGURE 18: GLOBAL RECYCLED ASPHALT MARKET, BY NEW ASPHALT SHINGLES, 2023-2032 (IN $ MILLION)

FIGURE 19: GLOBAL RECYCLED ASPHALT MARKET, BY ENERGY RECOVERY, 2023-2032 (IN $ MILLION)

FIGURE 20: NORTH AMERICA RECYCLED ASPHALT MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)

FIGURE 21: UNITED STATES RECYCLED ASPHALT MARKET, 2023-2032 (IN $ MILLION)

FIGURE 22: CANADA RECYCLED ASPHALT MARKET, 2023-2032 (IN $ MILLION)

FIGURE 23: EUROPE RECYCLED ASPHALT MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)

FIGURE 24: UNITED KINGDOM RECYCLED ASPHALT MARKET, 2023-2032 (IN $ MILLION)

FIGURE 25: GERMANY RECYCLED ASPHALT MARKET, 2023-2032 (IN $ MILLION)

FIGURE 26: FRANCE RECYCLED ASPHALT MARKET, 2023-2032 (IN $ MILLION)

FIGURE 27: ITALY RECYCLED ASPHALT MARKET, 2023-2032 (IN $ MILLION)

FIGURE 28: SPAIN RECYCLED ASPHALT MARKET, 2023-2032 (IN $ MILLION)

FIGURE 29: BELGIUM RECYCLED ASPHALT MARKET, 2023-2032 (IN $ MILLION)

FIGURE 30: POLAND RECYCLED ASPHALT MARKET, 2023-2032 (IN $ MILLION)

FIGURE 31: REST OF EUROPE RECYCLED ASPHALT MARKET, 2023-2032 (IN $ MILLION)

FIGURE 32: ASIA-PACIFIC RECYCLED ASPHALT MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)

FIGURE 33: CHINA RECYCLED ASPHALT MARKET, 2023-2032 (IN $ MILLION)

FIGURE 34: JAPAN RECYCLED ASPHALT MARKET, 2023-2032 (IN $ MILLION)

FIGURE 35: INDIA RECYCLED ASPHALT MARKET, 2023-2032 (IN $ MILLION)

FIGURE 36: SOUTH KOREA RECYCLED ASPHALT MARKET, 2023-2032 (IN $ MILLION)

FIGURE 37: INDONESIA RECYCLED ASPHALT MARKET, 2023-2032 (IN $ MILLION)

FIGURE 38: THAILAND RECYCLED ASPHALT MARKET, 2023-2032 (IN $ MILLION)

FIGURE 39: VIETNAM RECYCLED ASPHALT MARKET, 2023-2032 (IN $ MILLION)

FIGURE 40: AUSTRALIA & NEW ZEALAND RECYCLED ASPHALT MARKET, 2023-2032 (IN $ MILLION)

FIGURE 41: REST OF ASIA-PACIFIC RECYCLED ASPHALT MARKET, 2023-2032 (IN $ MILLION)

FIGURE 42: REST OF WORLD RECYCLED ASPHALT MARKET, REGIONAL OUTLOOK, 2022 & 2032 (IN %)

FIGURE 43: LATIN AMERICA RECYCLED ASPHALT MARKET, 2023-2032 (IN $ MILLION)

FIGURE 44: MIDDLE EAST & AFRICA RECYCLED ASPHALT MARKET, 2023-2032 (IN $ MILLION)

FAQ’s

FAQs

When processed and mixed correctly, recycled asphalt can be just as durable as new asphalt, making it a viable option for road surfaces.

Recycled asphalt is commonly used to resurface existing roads, repair potholes, construct new road surfaces, and as a base layer in road construction projects.

Some regions offer incentives or regulations that encourage the use of recycled materials in construction, including recycled asphalt, as part of their sustainability and environmental goals.