Major investment required by GB asphalt producers
New report reveals that more than half of all currently operating asphalt plants are at least 20 years old
OVER half of all currently operating asphalt plants in Great Britain are more than 20 years old, and of these, more than a half are in excess of 30 years old, according to research undertaken by BDS Marketing Research Ltd.
‘Many of these plants were installed in the 1980s and early 1990s and will need investment to ensure continued operational efficiency,’ commented report author Andy Sales. ‘Our research suggests that 140 asphalt plants are…more than 20 years old.’
This information is contained within a comprehensive 60-page market analysis published this month, entitled: ‘The asphalt industry in Great Britain – its structure, markets and prospects’.
BDS say the industry has seen a welcome return to growth over the past three years, with production at 24 million tonnes in 2015. Nevertheless, output remains below historical trends and there has been a significant reduction in the market in the first quarter of 2016.
However, having identified a number of infrastructure projects which will benefit asphalt producers in the future, BDS believe the current dip is a short-term trend before recovery towards the end of the year.
BDS also found that there are 20% fewer plants operating today than there were in 2000, with production increasingly being concentrated at a small number of larger-volume sites.
The top five asphalt companies (Tarmac, Aggregate Industries, Hanson, CEMEX and Breedon) continue to represent a significant part of the market, with BDS estimating their share at 80%.
The consultancy has, however, identified several independent companies who are establishing an important foothold in the market.
The report also identifies the leading supplier of the asphalt plant in Great Britain. According to BDS, since 2000, Benninghoven have supplied more than twice as many asphalt plants than their nearest competitor. In total, the consultancy identified 12 suppliers of asphalt plant over this period.
Posted date : 20-05-2016
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