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.
This product will be delivered within 3-5 business days.
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.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Recycled Asphalt Market Characteristics3. Recycled Asphalt Market Trends And Strategies4. Recycled Asphalt Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Trade Wars and Tariffs, And Covid And Recovery On The Market32. Global Recycled Asphalt Market Competitive Benchmarking And Dashboard33. Key Mergers And Acquisitions In The Recycled Asphalt Market34. Recent Developments In The Recycled Asphalt Market
5. Global Recycled Asphalt Growth Analysis And Strategic Analysis Framework
6. Recycled Asphalt Market Segmentation
7. Recycled Asphalt Market Regional And Country Analysis
8. Asia-Pacific Recycled Asphalt Market
9. China Recycled Asphalt Market
10. India Recycled Asphalt Market
11. Japan Recycled Asphalt Market
12. Australia Recycled Asphalt Market
13. Indonesia Recycled Asphalt Market
14. South Korea Recycled Asphalt Market
15. Western Europe Recycled Asphalt Market
16. UK Recycled Asphalt Market
17. Germany Recycled Asphalt Market
18. France Recycled Asphalt Market
19. Italy Recycled Asphalt Market
20. Spain Recycled Asphalt Market
21. Eastern Europe Recycled Asphalt Market
22. Russia Recycled Asphalt Market
23. North America Recycled Asphalt Market
24. USA Recycled Asphalt Market
25. Canada Recycled Asphalt Market
26. South America Recycled Asphalt Market
27. Brazil Recycled Asphalt Market
28. Middle East Recycled Asphalt Market
29. Africa Recycled Asphalt Market
30. Recycled Asphalt Market Competitive Landscape And Company Profiles
31. Recycled Asphalt Market Other Major And Innovative Companies
35. Recycled Asphalt Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Recycled Asphalt Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on recycled asphalt market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for recycled asphalt ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The recycled asphalt market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Hot Recycled Asphalt; Cold Recycled Asphalt; Warm Recycled Asphalt2) By Pavement Content: High RAP Content (>50%); Medium RAP Content (25-50%); Low RAP Content (25%)
3) By Binder Type: Asphalt Cement; Emulsified Asphalt; Polymer Modified Asphalt
4) By Application: Road Construction; Road Maintenance And Repair; Parking Lots And Driveways; Pothole Repair
5) By End User: Commercial; Industry; Municipal
Subsegments:
1) By Hot Recycled Asphalt: Hot In-Place Recycling (HIR); Hot Central Plant Recycling; Hot Mix Asphalt (HMA) With RAP2) By Cold Recycled Asphalt: Cold In-Place Recycling (CIR); Cold Central Plant Recycling (CCPR); Cold Patch Asphalt
3) By Warm Recycled Asphalt: Warm Mix Asphalt (WMA) With RAP; Foamed Asphalt Recycling; Additive-Based Warm Recycling
Key Companies Profiled: Shell plc; DowDuPont Inc.; Eiffage Infrastructures SAS; Strabag SE; Colas Group
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- 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.