Asphalt paving is one of the most important components of the construction industry. It is used to pave roads, driveways, parking lots, and other surfaces. Asphalt paving is a complex process that requires specialized equipment and expertise.
In this article, we will explore the asphalt paving industry and its statistics. We will look at the size of the industry, its growth rate, and the types of projects that are most commonly completed. We will also discuss the challenges faced by asphalt paving companies and the opportunities that exist in the industry. Finally, we will explore the importance of asphalt paving and its impact on the environment.
Asphalt Paving Industry: Most Important Statistics
An increase in temperature can cause an 11%-68% increase in roughness progress rate on pavement structure.
The authors found that induction heating technique for asphalt pavement modified with steel slag reduced GHG emissions by 16% and costs by 32%, outperforming traditional maintenance in 12 of 17 environmental impact categories.
Asphalt Paving Industry: Statistics Overview
In 2009, 83% of goods and 61% of people in Chile used road for transportation, and in 2018, 61% of the weight and value of all goods shipped in the US was carried by trucks, and 72% of freight transport in the EU was carried by trucks in 2011.
Preventive maintenance is six to ten times more cost-effective than a “do nothing” maintenance strategy, which is especially important for roads that are used by so many people and goods.
The increase in the percentage of overloaded axles from 0% to 20% can reduce the fatigue survival life of flexible pavement by up to 55%, while a one-inch increase in asphalt layer thickness can extend the fatigue service life by only 0.22 years.
Additional virgin materials and resources are needed to maintain traffic conditions in the road network and to compensate for the reduction in fatigue service life due to the increase in overweight axles. This indicates that the sustainability of pavement is directly affected by the fatigue survival life.
The direct radiation from the sun can reduce the temperature of asphalt pavement by up to 20°C in the summer, depending on the temperature regulation measures.
This matters in the context of Asphalt Paving Industry Statistics because it can help reduce the temperature of the pavement and make it more comfortable to walk on.
An increase in temperature can cause an 11%-68% increase in roughness progress rate on pavement structure.
An increase in temperature can have a significant impact on the performance of pavement structures. This information can help asphalt paving companies plan for and manage the effects of temperature on their projects.
The global asphalt pavers market size is projected to increase from USD 1.98 billion in 2018 to USD 2.77 billion by 2026, exhibiting a CAGR of 4.4%.
This shows the growth of the asphalt paving industry over the forecast period. It also highlights the increasing demand for asphalt paving services in the Asia Pacific region.
This indicates that the industry is likely to continue to grow in the coming years, providing opportunities for businesses to expand their operations and increase their profits.
The Asphalt Pavers Market is expected to reach a net valuation of USD 6.32 Billion by 2027, registering a CAGR of above 5%.
Asia Pacific is the largest and fastest growing region in the market. This indicates that the industry is likely to experience a surge in demand in the coming years.
The authors found that induction heating technique for asphalt pavement modified with steel slag reduced GHG emissions by 16% and costs by 32%, outperforming traditional maintenance in 12 of 17 environmental impact categories.
This demonstrates the potential for reducing emissions and costs associated with road infrastructure, which can have a significant impact on the environment.
Climate change is reducing pavement service life by up to 20%, requiring increased HMA layer thickness and early maintenance of pavements.
The industry needs to take climate change into account when planning for pavement maintenance and construction.
This statistic highlights the need for increased HMA layer thickness and early maintenance of pavements in order to ensure that pavements are able to withstand the effects of climate change.
Asphalt paving typically lasts 30 years, but tests show that it can last between 20 and 25 years.
The industry needs to be prepared to replace asphalt surfaces more frequently than expected.
Doubling the thickness of an overlay can increase its life cycle by 5-7 years.
Increasing the thickness of an overlay can extend its life cycle, which can help to reduce the cost of maintenance and repairs.
Additionally, the statistic shows that the life span of the initial pavement should be monitored for more than 20 years, which can help to ensure that the pavement is properly maintained and that any necessary repairs are made in a timely manner.
Global asphalt market value stood at $222.4 billion in 2020.
This figure serves as a reminder of the immense economic impact that asphalt paving has on the global economy, and the importance of the industry in providing essential infrastructure and services.
Global demand for asphalt is expected to reach 126.5 million metric tons by 2025.
The demand for asphalt is expected to increase significantly over the next few years, which could lead to more opportunities for businesses in the industry. This could mean more jobs, more investment, and more revenue for the industry as a whole. As such, this statistic is an important indicator of the future of the asphalt paving industry.
By 2027, the asphalt market in North America is expected to reach a value of $38.03 billion.
This highlights the immense growth potential of the asphalt paving industry and the lucrative opportunities it presents for businesses and investors. It also serves as a reminder of the importance of staying up-to-date with the latest industry trends and developments in order to capitalize on the potential of the asphalt market.
Over 76% of old asphalt pavement material is reclaimed for reuse in new asphalt pavement construction.
The industry is committed to reducing waste and reusing materials, which is beneficial for the environment and helps to reduce costs. This statistic is a great example of how the industry is striving to be more efficient and eco-friendly.
The global market for asphalt plants was valued at $8.6 billion in 2020.
Asphalt plants are a major player in the global economy, and that the industry is thriving. It also serves as a reminder of the importance of asphalt paving in the construction and infrastructure sectors, and the need for continued investment in the industry.
About 94% of the 2.7 million miles of paved roads in the United States have asphalt surfaces.
This highlights the importance of asphalt in the construction of roads and the reliance of the country on this material. It also speaks to the success of the asphalt paving industry in the US, as it is the material of choice for the majority of roads.
In 2020, the Asia-Pacific region held the largest share in the asphalt additives market, with 42.5% of the global share.
This highlights the region’s dominance in the industry, with a staggering 42.5% of the global share. This statistic is a clear indication that the Asia-Pacific region is a major player in the asphalt paving industry, and its influence should not be underestimated.
The value of the asphalt services market was approximately $110 billion in 2019.
This serves as a reminder of the importance of asphalt services in the global economy, and the need for continued investment in the sector.
In 2018, the United States produced about 70,000 t/d of asphalt.
Asphalt production is a major industry, with a significant impact on the economy. It also serves as a reminder of the importance of asphalt in the construction and maintenance of roads, highways, and other infrastructure. Asphalt is a key component of the transportation network, and this statistic shows just how much of it is produced each day.
Recycled asphalt pavement saw a 5% annual increase in the United States between 2009 and 2019.
The industry is taking steps to reduce its environmental impact and is investing in sustainable practices. This is a positive sign for the asphalt paving industry, as it indicates that the industry is taking steps to reduce its carbon footprint and is investing in more sustainable practices. This is an important statistic to consider when discussing the asphalt paving industry, as it shows that the industry is making progress in the right direction.
In 2018, China accounted for 40% of asphalt consumption globally.
This demonstrates the sheer size of the Chinese market and its ability to shape the global asphalt consumption landscape. This statistic is a testament to the importance of the Chinese market in the asphalt paving industry and its potential to drive growth and innovation.
By 2027, the global asphalt additives market is expected to reach a value of $6.3 billion.
The industry is expected to experience significant growth, indicating that it is a lucrative sector to invest in. This could be a great opportunity for businesses in the asphalt paving industry to capitalize on and expand their operations.
In 2019, global asphalt consumption exceeded 127.5 million metric tons.
Asphalt is a major component of many construction projects, and that the industry is thriving. It also shows that the demand for asphalt is growing, which is a positive sign for the industry as a whole.
Conclusion
The asphalt paving industry is an important part of the construction industry, and it is important to stay up to date on the latest industry statistics. Asphalt paving is a complex process that requires a great deal of skill and knowledge, and the industry is constantly evolving.
Asphalt paving is an important part of the infrastructure of our country, and it is important to stay informed about the latest industry trends and statistics. By staying informed, you can make sure that your asphalt paving projects are successful and cost-effective.
References
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