The asphalt pump is a device to transfer asphalts, bitumen, pitch, tar, bunker oils, residual oils and related materials that solidify at ambient temperatures. It is always used in the petrochemical, constructions, transportation and other related industries.
As for the China asphalt pump industry; the industry structure is relatively concentrated. The top seven manufacturers have 77.24% revenue market share in 2015. The China giant Shanggui, which has 37.88% market share in 2015, is the leader in the asphalt pump industry. The manufacturers following Shanggui are YuanDong and Johnson, which respectively has 10.01% and 8.80% market share in China.
The downstream industries of asphalt pump products are Refinery & Storage Tank, Asphalt Mixing Plant, Road Construction and Building, Coating and Seal Materials. In the recent years, with the limitations of government policy and sluggish economy, the consumption decrease of asphalt pump will be obvious. In the foreseeable future, the asphalt pump products will show an bearish downward trend.
Although sales of asphalt pump products bring a lot of opportunities, the study group recommends the new entrants who just have money but without technical advantage, raw materials advantage and downstream support, do not enter into the asphalt pump field hastily.

The Global Asphalt Pumps Market was valued at xxx million USD with a CAGR xx% from 2018-2022. Subsequently, it will touch xxx million USD in 2023 with a CAGR xx % from 2023 - 2030.

In the global Asphalt Pumps Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.

In Market segmentation by manufacturers, the report covers the following companies-

Johnson Pump
Viking Pump
Rotan Pump
Shanggui Pumps
Yuandong Pump
Yongchang Pump
Bolong
In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

In Market segmentation by types :

Gear Pump
Screw Pump
Rotary Vane Pump
Others
In Market segmentation by applications :

Refinery & Storage Tank
Asphalt Mixing Plant
Road Construction
Building, Coating and Seal Materials

The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Asphalt Pumps Market for the forecast period 2023 - 2030?
• What are the driving forces in the Asphalt Pumps Market for the forecast period 2023 - 2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Asphalt Pumps industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?
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Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.

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