Core Insights - The article discusses the development and application of rubber-modified asphalt, which incorporates waste tire rubber to create more durable and environmentally friendly road surfaces [1][4][5] Industry Overview - Over 300 million waste tires are generated annually in China, weighing approximately 10 million tons, with a growth rate of 6% to 8% per year [4] - The industry is moving towards finding sustainable solutions for waste tire disposal, as traditional methods have caused significant environmental damage [4][6] Technological Advancements - A collaborative effort between Jiangsu Zhonghong Environmental Technology Co., Southeast University, and Shanghai Jiao Tong University has led to the development of this new material, which has undergone extensive testing since 2017 [4][5] - The new rubber-modified asphalt technology has doubled the capacity for waste tire rubber utilization compared to previous methods, enhancing performance and reducing environmental impact [5][6] Performance and Benefits - The new material has shown significant improvements in road performance, with a lifespan increase from 5 years to 10 years, and structural layers expected to last 25 years [8] - The maintenance costs are projected to decrease by 62% over five years, with savings of 20 million yuan per 100 kilometers of paving, and a 38% reduction in carbon emissions over the lifecycle [8][10] Market Potential - The rubber asphalt industry is expected to enter a phase of "quantity and quality improvement," with the overall market size projected to exceed 60 billion yuan this year and reach 100 billion yuan by 2030 [10]