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Sales Of Recycled Asphalt Market Is Expected To Accumulate US$ 10.7 Billion By 2031

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Fact.MR predicts the global sales of recycled asphalt to be valued at nearly US$ 10.7 Bn by the end of the forecast period ranging from 2021-2031, expanding at a CAGR of 4.5%. Demand has witnessed growth owing to rising petroleum prices across the globe. Recycled asphalt offers less use of resources leading to economic and environmental safety.

Historically, between 2016 and 2020, sales of recycled asphalt expanded at over 2% CAGR. Growth projections took a temporary dip amid the COVID-19 pandemic outbreak, prompting the construction industry to cease operations in wake of imposition of mandatory lockdowns. Since Q4 2020, however, prospects have been rebounding, as rapid vaccination drives encourage resumption of key end use industrial operations.

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Key Takeaways from the Market Study

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Competitive Landscape

Bodean Company, Cherry Companies, Downer Group, GAF Materials,   Lone Star Paving, Owens Corning, Pavement Recycling System, Inc., The Kraemer Company, LLC, Wirtgen Group and CertainTeed are prominent recycled asphalt market players.

Key Segments Covered

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