Recycled Asphalt Global Market Report 2025

The recycled asphalt market size has grown strongly in recent years. It will grow from $7.82 billion in 2024 to $8.3 billion in 2025 at a compound annual growth rate (CAGR) of 6.1%. The growth during the historic period can be attributed to rising road maintenance activities, growth in urbanization, increasing awareness of environmental sustainability, an uptick in infrastructure projects, and rising fuel prices.

The recycled asphalt market size is expected to see strong growth in the next few years. It will grow to $10.45 billion in 2029 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to the continued growth in urbanization, rising demand for green building materials, increased investment in sustainable infrastructure, government incentives, and a growing global focus on sustainability. Major trends expected during this period include advanced cold recycling techniques, the adoption of foamed asphalt technology, optimization of high-RAP mix designs, the development of recycling-friendly asphalt binders, and the use of mobile recycling equipment.

The rise in construction activities is expected to significantly boost the growth of the recycled asphalt market in the coming years. Construction activities include the various processes involved in building, renovating, or demolishing structures such as roads, buildings, bridges, and other infrastructure. The increase in construction activities is primarily driven by the rising demand for more roads and infrastructure, creating a need for cost-effective and sustainable materials. Recycled asphalt is utilized in these activities to build and repair roads, parking lots, and pathways in a way that is both cost-effective and environmentally friendly. It helps reduce the use of new raw materials and decreases construction waste. For example, in February 2023, the Office for National Statistics in the UK reported a 5.6% annual growth in construction output in 2022, following a substantial 12.8% increase in 2021. This trend highlights the growing demand for recycled asphalt in response to the increasing construction activities.

Key players in the recycled asphalt market are focusing on the development of innovative technologies such as pelletizing to enhance material performance, reduce environmental impact, and improve the efficiency of asphalt recycling processes. Pelletizing technology involves compressing or molding materials into small, rounded pellets or granules. This technique is widely used across various industries, including construction. For instance, in October 2024, Saint-Gobain, a France-based corporation specializing in construction and high-performance materials, introduced RenuCore, an innovative pelletizing technology that transforms asphalt shingle waste into reusable material for hot mix asphalt applications. This solution not only helps divert shingle waste from landfills but also improves the recycled content in asphalt, ensuring performance that matches that of virgin materials. The technology enhances resistance to rutting, shoving, and cracking, addressing key challenges in asphalt shingle recycling. This initiative aligns with Saint-Gobain’s sustainability goals, which include achieving zero waste-to-landfill across all locations and advancing sustainable practices in construction.

In February 2023, CertainTeed Roofing, a US-based roofing materials manufacturer, acquired the rights to Asphalt Shingle Recycling Technology from Asphaltica for an undisclosed sum. Through this acquisition, Saint-Gobain, the parent company of CertainTeed, aims to bolster its sustainability initiatives by integrating innovative asphalt shingle recycling technology into its operations. The acquisition encourages waste reduction and promotes the principles of the circular economy. Asphaltica, an Italy-based company, is known for developing high-performance asphalt additives and advancing innovations in the recycling of asphalt materials.

Major players in the recycled asphalt market are Shell plc, DowDuPont Inc., Eiffage Infrastructures SAS, Strabag SE, Colas Group, Skanska AB, CRH Americas Materials Inc., Eurovia SAS, Owens Corning, Balfour Beatty plc, Downer EDI Limited, Lafarge Canada, Wirtgen GmbH, Tarmac Trading Limited, GAF Materials LLC, Cherry Companies, Pavement Recycling Systems Inc., Lone Star Paving Company, Wolf Paving Company Inc., BoDean Company Inc.

North America was the largest region in the recycled asphalt market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in recycled asphalt report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the recycled asphalt market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Recycled asphalt, also known as reclaimed asphalt pavement (RAP), is a material made by reprocessing and reusing old asphalt from roads, driveways, or parking lots. The process involves removing the existing asphalt surface, crushing it, and blending it with fresh asphalt or other materials to create a new paving mixture. Recycled asphalt is both environmentally friendly and cost-effective, as it reduces the need for new raw materials and minimizes construction waste.

The main types of recycled asphalt are hot recycled asphalt, cold recycled asphalt, and warm recycled asphalt. Hot recycled asphalt is a type of reclaimed asphalt pavement (RAP) that is reheated and mixed with new materials at high temperatures to produce new hot mix asphalt for paving. It comes in varying levels of pavement content, including high RAP content (>50%), medium RAP content (25-50%), and low RAP content (< 25%). The binder types used include asphalt cement, emulsified asphalt, and polymer-modified asphalt. Recycled asphalt is applied in a range of uses, including road construction, road maintenance and repair, parking lots and driveways, and pothole repair. The key end users are commercial, industrial, and municipal sectors.

The recycled asphalt market research report is one of a series of new reports that provides recycled asphalt market statistics, including the recycled asphalt industry global market size, regional shares, competitors with the recycled asphalt market share, detailed recycled asphalt market segments, market trends, and opportunities, and any further data you may need to thrive in the recycled asphalt industry. This recycled asphalt market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The recycled asphalt market consists of sales of reclaimed asphalt pavement (RAP), recycled asphalt shingles (RAS), recycled asphalt millings, and stabilized recycled asphalt base materials. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values and are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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