Polymer modified asphalt (PMA), which
is variation of traditional asphalt has been gaining popularity as it can be
fixed at comparatively low temperatures and retains surface granules better compared
to standard granules. Asphalts are mixed with elastomers to produce PMA which
has higher rutting resistance and durability. Styrene-butadiene-styrene (SBS)
and Styrene-butadiene rubber (SBR) are the most commonly used elastomers to
produce PMA. For instance, the global PMA market grew by 7% during 2015-22,
thus indicating high demand for PMA.
THE BUSINESS RESEARCH COMPANY VALUED THE ASPHALT
GLOBAL MARKET AT $73
BILLION IN 2017
Asia Pacific was the largest
region in the asphalt market in 2017, accounting for nearly half of the market
share. China was the largest country accounting for one-fifth
of the global asphalt market.
According to The Business Research Company’s Consultant, Nitin
Gianchandani, the use of recycled asphalt shingles (RAS) (a petroleum product
which is a variation on traditional asphalt) in asphalt pavement is increasing
rapidly as it significantly reduces costs and resources to lay asphalt
pavements. Shingle
recycling involves collecting asphalt
shingles from roof
tear-offs and recycling to produce related products. Shingles constitute about
25%-30% asphalt cement, 40%-60% hard aggregate present in 30 to 60 sieves and
3%-12% fiber which are used in asphalt pavements. Recycled shingles
reduces the need for landfills and reclaims resources such as asphalt binder
and fine aggregate. For example, according to the US Environmental Protection
Agency and the Federal Highway Administration about 100% of asphalt pavement is
recycled, thus indicating high levels of asphalt reclamation.
BP Plc. was the largest player in
the asphalt global market,
with revenues of $17 billion in 2017. BP
Plc.’s growth strategy is to expand
its marketing business, by strengthening the competitiveness of its refineries
and petrochemicals plants. The company has recently sold the bitumen business
in Australia to concentrate on its downstream business and retail business in
Australia.
Asphalt is a sustainable material
for building pavements and roads, made from stones, sand, and gravel, held
together by asphalt cement. Asphalt is also called Bitumen. It is smooth and
quiet,
enabling vehicles on the road to consume less fuel and produce lower
emissions.
Asphalt Global Market Report 2018
is a
detailed report giving a unique insight into this market. The report is priced
at $4000 for an individual user. To use across your office, the price is $6000
and $8000 if you wish to use across a multinational company.
About
The Business Research Company
Visit TheBusinessResearchCompany.com, mail info@tbrc.info or call +447443439350 or
+918897263534 or +919160996838 for more information on this and many other
titles.
The Business Research Company is a market research and
intelligence company, which excels in company, market and consumer research.
It has research professionals at its offices in the UK, India and
the US as well a network of trained researchers globally. It has specialist
consultants in a wide range of industries including manufacturing, healthcare,
chemicals and technology.
The Business Research Company's management has more than 20 years
of varied business research experience. They have delivered hundreds of
research projects to the senior management of some of the world's largest
organizations.
Contact Information.
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
No comments:
Post a Comment