Global Bituminous Concrete Paver Market is expected to grow at a significant CAGR in the years to come as the scope and its application are rising enormously across the globe. Bituminous Concrete Paver Market is segmented based on product type, technology, application, and regions.
Bituminous concrete is also known as asphalt. Bituminous concrete is a type of construction material used for paving driveways, roads, and parking lots. It is usually made from a mixture of stone and other forms of cumulative material bind together using biding agent. The binding agent is known as bitumen a by-product of petroleum refining. On heating bitumen forms thick sticky structure like tar, on drying forms a dense solid surface that appears black in color.
The Bituminous Concrete Paver is composed of a mixture of mineral filler, mineral aggregates, and bituminous material such as fine aggregate, coarse aggregate, and mineral. There is no cement in the mixture. Large paving machines are used by installers to even and solidify the surface after dispensing bituminous concrete onto the roadway. Bituminous materials consist of both petroleum asphalt and coal tar. Practically, petroleum asphalt is totally composed of bitumen, whereas in coal tar bitumen content is very low.
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Bituminous Concrete Paver Market is classified, by product type into Tire Asphalt Concrete Paver, Crawler Asphalt Concrete Paver, and others. Bituminous Concrete Paver Market is classified, by technology into Hydrostatic and Mechanical. Bituminous Concrete Paver Market is classified, by applications into Railway, Highway, Airport, and others. Bituminous Concrete Paver Industry is segmented, geographically into North America, Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East and Africa.
Asia Pacific accounted for the largest market share of the Bituminous Concrete Paver Industry in terms of revenue and is projected to grow at highest CAGR over the forecast period. The reason being, growing demand for road maintenance in developing countries such as India, Japan, and China, government initiative towards road construction.
On the other hand, Western Europe and Latin American regions are expected to grow at fixed CAGR over forecast period with growing activities for road safety development. Bituminous Concrete Paver Industry key players are SANY, CAT, Hanta, CMI Roadbuilding, Volvo, ACE Asphalt, and Wirtgen Group.
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