Global Asphalt Market (2021 to 2026) – Industry Trends, Share, Size, Growth, Opportunity and Forecasts –

DUBLIN–(BUSINESS WIRE)–The “Asphalt Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026” report has been added to’s offer.

The global asphalt market showed moderate growth in 2015-2020. Looking ahead, the publisher expects the market to grow at a CAGR of approximately 5% in 2021-2026.

Named companies

  • Aggregate Industries Ltd.

  • Anglo American Plc

  • Atlas Roofing Corporation

  • BP Plc

  • Cemex

  • Chevron Corporation

  • Exxon Mobil Corporation

  • Imperial Oil Limited

  • Owens Corning

  • Petroleos de Venezuela SA

  • Royal Dutch Shell plc

  • Shell International

  • Total SA

  • United Refining Inc.

Taking into account the uncertainties of COVID-19, we are continuously monitoring and evaluating the direct and indirect impact of the pandemic on various end-use sectors. These insights are included in the report as a key market contributor.

Asphalt is a black colored and semi-solid binder obtained from petroleum distillation residue. Manufactured at an average temperature of 150 to 180C, asphalt is very durable and tear resistant. It is mainly used in road construction, parking lots and driveways because it binds crushed stone and aggregates to solid and concrete surfaces such as roads and sidewalks. Smooth laid asphalt helps to minimize fuel consumption and emissions in vehicles and contributes to safety through better wheel grip.

Rapid urbanization around the world is one of the major factors driving the growth of the market. With the increasing population, there is a huge demand for asphalt shingles used for roof waterproofing. In addition, asphalt serves as a more cost-effective and sustainable alternative to the conventionally used concrete in the construction industry. In addition, the increasing use of Reclaimed Asphalt Pavements (RAP) in residential and commercial driveways, parking lots, and school and playgrounds is catalyzing market growth. It is also used as an emulsion to reconstruct highway surfaces and old sidewalks. Moreover, the increasing demand from the industrial sector for low slope roofing products such as modified bitumen membranes, mop asphalt and roll roofing is further driving the growth of the market. Other factors such as the growing demand from the oil and gas industry, the increasing need for industrial modernization and the increasing adoption of emulsified asphalt along with polymer modified asphalt are also creating positive prospects for the market.

Important questions answered in this report:

  • How has the global asphalt market performed so far and how will it perform in the coming years?

  • What is the impact of COVID-19 on the global asphalt market?

  • What are the main regional markets?

  • What is the breakup of the market based on the product?

  • What is the market breakup based on asphalt type?

  • What is the market breakup based on the application?

  • What is the breakup of the market based on the end-user sector?

  • What are the different stages in the industry value chain?

  • What are the key drivers and challenges in the industry?

  • What is the structure of the global asphalt market and who are the key players?

  • What is the level of competition in the industry?

Main topics covered:

1 Preface

2 Scope and methodology

3 Summary

4 Introduction

4.1 Overview

4.2 Key industry trends

5 Global asphalt market

5.1 Market overview

5.2 Market performance

5.3 Impact of COVID-19

5.4 Market forecast

6 Market breakdown by product

6.1 Asphalt pavement mixes and blocks

6.1.1 Market trends

6.1.2 Market forecast

6.2 Products for prepared asphalt and tar roofs and siding

6.2.1 Market trends

6.2.2 Market forecast

6.3 Roofing Asphalts and slopes, coatings and cement

6.3.1 Market trends

6.3.2 Market forecast

7 Market breakdown by asphalt type

7.1 Hot Mixed Asphalt

7.1.1 Market trends

7.1.2 Market forecast

7.2 Hot mixed asphalt

7.2.1 Market trends

7.2.2 Market forecast

7.3 Cold mixed asphalt

7.3.1 Market trends

7.3.2 Market forecast

8 Market breakdown by application

8.1 Weighing

8.1.1 Market trends

8.1.2 Market forecast

8.2 Waterproofing

8.2.1 Market trends

8.2.2 Market forecast

8.3 Recreation

8.3.1 Market trends

8.3.2 Market forecast

8.4 Others

8.4.1 Market trends

8.4.2 Market forecast

9 Market breakdown by end-use sector

9.1 Non-residential

9.1.1 Market trends

9.1.2 Market forecast

9.2 Residential

9.2.1 Market trends

9.2.2 Market forecast

9.3 Others

9.3.1 Market trends

9.3.2 Market forecast

10 Market Breakdown by Region

11 SWOT analysis

12 Value Chain Analysis

13 Porter’s Five Forces Analysis

14 Price Indicators

15 Competitive Landscape

15.1 Market structure

15.2 Key players

15.3 Profiles of protagonists

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