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Asphalt Market Report by Product, Asphalt Type, Application, End-Use Sector, and Region 2024-2032

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    Report

  • 145 Pages
  • March 2024
  • Region: Global
  • IMARC Group
  • ID: 5947086
The global asphalt market size reached US$ 246.6 Million in 2023. Looking forward, the publisher expects the market to reach US$ 389.9 Million by 2032, exhibiting a growth rate (CAGR) of 5.2% during 2023-2032. The Infrastructural development, rapid urbanization, increasing road construction, fluctuating crude oil prices, technological advancements, and governmental initiatives bolster the market growth.
  • Asphalt, commonly known as blacktop, is a durable and versatile material primarily used in road construction. Composed of a mixture of aggregates like gravel, sand, and crushed stone, bound together by a sticky petroleum-based binder, asphalt forms a solid, waterproof surface upon cooling. Its application involves spreading the hot mixture onto a prepared surface, followed by compaction to create a smooth, even road surface. The uses of asphalt extend beyond roadways, encompassing parking lots, driveways, airport runways, and racetracks due to its resilient nature and cost-effectiveness. Its advantages lie in its ability to withstand heavy traffic loads, weathering, and temperature fluctuations. Furthermore, asphalt's dark color absorbs and retains heat, aiding in the melting of ice and snow during colder months. There are various types of asphalt, including hot mix asphalt (HMA), warm mix asphalt (WMA), and cold mix asphalt (CMA).
The global asphalt market is influenced by the growing infrastructural development and rapid urbanization. This is further supported by the increased road construction projects driven by rising population levels and economic growth. Moreover, the demand for sustainable and eco-friendly asphalt solutions has gained traction, pushing the market towards innovation in materials and production processes. In line with this, technological advancements in asphalt formulations and application methods also play a significant role in driving market growth. Additionally, government initiatives to improve road networks and transportation infrastructure further stimulate market demand. Other factors, such as weather conditions and climatic variations and regulatory frameworks addressing environmental concerns and quality standards, are stimulating market growth.

Asphalt Market Trends/Drivers:

Infrastructural development and urbanization

The global asphalt market is profoundly influenced by the ongoing surge in infrastructural projects and rapid urbanization. As countries strive to accommodate expanding populations and bolster economic growth, the demand for new roads, highways, and transportation networks intensifies. This surge in construction projects directly fuels the need for asphalt, a fundamental component in road paving. Urbanization trends, marked by the migration of populations to cities, amplify the demand for robust road infrastructure. As cities expand, efficient road networks become paramount for connectivity and accessibility. Consequently, asphalt plays a pivotal role in supporting the foundation of modern urban living. The interplay between infrastructural development and urbanization creates a continuous demand for asphalt solutions, positioning this driver as a cornerstone in shaping the global asphalt market.

Economic growth and road construction

The global asphalt market's trajectory is intrinsically linked to economic growth. As economies prosper, governments allocate substantial budgets for construction and expansion projects, particularly in the transportation sector. Roads and highways serve as vital arteries of commerce, enabling the movement of goods and services. Thus, a flourishing economy necessitates the development and maintenance of a robust road network, wherein asphalt emerges as a crucial material. The correlation between economic growth and road construction underscores the consistent demand for high-quality asphalt products. Moreover, economic growth drives urbanization, further propelling the demand for asphalt to facilitate enhanced mobility and accessibility within burgeoning urban centers.

Sustainable practices and innovation

Evolving environmental consciousness has propelled the adoption of sustainable practices within various industries, including asphalt manufacturing. The global asphalt market is witnessing a paradigm shift towards eco-friendly solutions, driven by concerns over carbon emissions and environmental impact. Innovations in asphalt formulations are fostering the creation of environmentally conscious products, such as warm-mix asphalt, which reduces energy consumption during production. Additionally, the exploration of alternative materials, like recycled asphalt pavement (RAP), minimizes resource consumption and waste. This drive towards sustainability not only aligns with regulatory initiatives but also caters to the preferences of environmentally conscious consumers. As a result, sustainable practices and innovative asphalt technologies are emerging as crucial drivers, shaping the future of the global asphalt market.

Asphalt Industry Segmentation:

The publisher provides an analysis of the key trends in each segment of the global asphalt market report, along with forecasts at the global, regional and country levels from 2024-2032. The report has categorized the market based on product, asphalt type, application and end-use sector.

Breakup by Product:

  • Asphalt Paving Mixtures and Blocks
  • Prepared Asphalt and Tar Roofing and Siding Products
  • Roofing Asphalts and Pitches, Coatings and Cement

Asphalt paving mixtures and blocks dominate the market

The report has provided a detailed breakup and analysis of the market based on the product. This includes asphalt paving mixtures and blocks, prepared asphalt and tar roofing and siding products, and roofing asphalts and pitches, coatings and cement. According to the report, asphalt paving mixtures and blocks represented the largest segment.

The asphalt paving mixtures and blocks segment is influenced by the escalating demand for efficient and durable road infrastructure acts as a driving force. As urbanization surges and populations expand, the need for well-constructed roads intensifies, directly impacting the demand for asphalt paving mixtures and blocks. Technological advancements in asphalt formulations play a pivotal role, enabling the development of high-performance mixtures that exhibit enhanced durability, resistance to wear and tear, and improved load-bearing capacities. Furthermore, the growing emphasis on sustainability propels innovation within this segment. Manufacturers are actively exploring eco-friendly alternatives, such as warm-mix asphalt, that reduce energy consumption during production and minimize greenhouse gas emissions. Economic growth and increased investment in infrastructure projects also contribute significantly, as governments allocate resources to improve transportation networks. Fluctuations in crude oil prices, a crucial raw material for asphalt production, influence the segment's dynamics by affecting production costs.

Breakup by Asphalt Type:

  • Hot Mix Asphalt
  • Warm Mix Asphalt
  • Cold Mix Asphalt

Hot mix asphalt dominates the market

The report has provided a detailed breakup and analysis of the market based on the asphalt type. This includes up to hot mix asphalt, warm mix asphalt, and cold mix asphalt. According to the report, hot mix asphalt represented the largest segment.

The hot mix asphalt segment is propelled by several pivotal factors, including the surge in infrastructural development and urbanization. As populations expand and economies thrive, the demand for efficient road networks intensifies, fostering the need for high-quality hot mix asphalt in paving projects. In line with this, economic growth plays a significant role. Robust economies allocate substantial resources to construction, particularly in transportation infrastructure, boosting the demand for hot mix asphalt. Furthermore, the increasing emphasis on sustainable practices underscores the adoption of eco-friendly asphalt solutions. Innovations in hot mix formulations, such as warm-mix asphalt, reduce energy consumption and emissions during production, aligning with environmental concerns. Moreover, technological advancements in production processes contribute to improved quality and performance of hot mix asphalt, further enhancing its appeal in the market. Regulatory support, government initiatives, and the ongoing pursuit of durable and cost-effective road solutions collectively contribute to driving the hot mix asphalt segment forward.

Breakup by Application:

  • Roadways
  • Waterproofing
  • Recreation
  • Others

Roadways dominate the market

The report has provided a detailed breakup and analysis of the market based on the application. This includes roadways, waterproofing, recreation, and others. According to the report, roadways represented the largest segment.

The roadways segment is propelled by rapid urbanization and infrastructural development, which have driven the demand for efficient road networks to accommodate growing populations and expanding urban centers. Economic growth is another pivotal driver, as prosperous economies allocate significant resources for road construction and enhancement projects to facilitate the movement of goods and services. Moreover, advancements in technology and innovative road construction methods play a crucial role, enabling the creation of durable and sustainable roadways. Environmental concerns contribute to the adoption of eco-friendly materials and practices, pushing the segment towards greener solutions. Additionally, government initiatives focusing on transportation infrastructure further amplify market growth by providing funding and support. Furthermore, the evolving preferences of the modern traveler, emphasizing safety, accessibility, and comfort, steer the roadways segment towards continuous improvement and innovation, ultimately shaping the future of road construction and maintenance.

Breakup by End-Use Sector:

  • Non-Residential
  • Residential
  • Others
The report has provided a detailed breakup and analysis of the market based on the end-use sector. This includes non-residential, residential, and others.

The demand for asphalt in the non-residential sector is primarily propelled by the surge in infrastructural projects. With rapid urbanization, the construction of commercial complexes, industrial facilities, and institutional structures becomes essential. These developments require robust road networks and parking facilities, driving the need for high-quality asphalt. Economic growth further enhances demand as investments flow into non-residential constructions. In the residential segment, urban expansion and population growth play a central role in driving asphalt consumption. As urban areas expand to accommodate growing populations, residential communities and housing complexes are established. To facilitate these developments, accessible roads, driveways, and pathways become integral, thus increasing the demand for asphalt. The rise in homeownership rates also contributes to the demand for residential infrastructure, bolstering market growth. Within the others segment, specialized applications like recreational areas, airports, and unique construction projects drive demand.

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Asia Pacific exhibits a clear dominance, accounting for the largest asphalt market share

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific accounted for the largest market share.

The Asia Pacific segment of the asphalt market is propelled the rapid urbanization and infrastructural expansion across the region have resulted in an escalating demand for road construction and maintenance. The surge in population and economic growth necessitates robust transportation networks, thus driving the need for asphalt materials. Moreover, the region's increasing focus on sustainable practices has led to the adoption of innovative asphalt solutions that are environmentally friendly and energy efficient. Fluctuations in crude oil prices, given the region's heavy reliance on oil imports, play a crucial role in determining asphalt production costs. Technological advancements and government initiatives aimed at enhancing infrastructure further contribute to the market's expansion. Additionally, unique climatic conditions and stringent environmental regulations specific to the Asia Pacific region significantly influence the choice of asphalt materials and application methods.

Competitive Landscape:

The competitive landscape of the global asphalt market is characterized by a diverse array of players vying for prominence. Intense market competition is driven by factors such as technological innovation, product differentiation, and geographical reach. Market participants continually invest in research and development to devise advanced asphalt formulations that align with sustainability trends and regulatory standards. Robust distribution networks and strategic partnerships enable companies to effectively penetrate regional markets and cater to varying customer demands.

Moreover, the influence of market dynamics, including fluctuating crude oil prices and evolving infrastructure requirements, underscores the need for adaptability and flexibility among competitors. Brand reputation, quality assurance, and customer-centric approaches are vital factors that distinguish industry leaders in this competitive environment. As players navigate the challenges and opportunities presented by the global asphalt market, the pursuit of innovation and the ability to align with changing market trends remain pivotal in establishing and sustaining a competitive edge.

The report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

  • 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 S.A
  • Royal Dutch Shell plc
  • Shell International
  • Total SA
  • United Refining Inc

Recent Developments:

In August 2023, Cemex España bought two new quarries near Madrid to strengthen its limestone reserves.

In February 2020, Atlas® Roofing Corporation acquired StarRFoam located in Arlington, Texas, to bring the expertise and strong manufacturing footprint of StarRFoam.

In August 2023, AGGREGATE Industries acquired OCL Regeneration Ltd to strengthen AI's asphalt and surfacing operations, where it is a key player on National Highways and local authority contracts.

Key Questions Answered in This Report

1. What was the size of the global asphalt market in 2023?
2. What is the expected growth rate of the global asphalt market during 2024-2032?
3. What has been the impact of COVID-19 on the global asphalt market?
4. What are the key factors driving the global asphalt market?
5. What is the breakup of the global asphalt market based on the product?
6. What is the breakup of the global asphalt market based on the asphalt type?
7. What is the breakup of the global asphalt market based on the application?
8. What are the key regions in the global asphalt market?
9. Who are the key players/companies in the global asphalt market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive 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 Breakup by Product
6.1 Asphalt Paving Mixtures and Blocks
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Prepared Asphalt and Tar Roofing and Siding Products
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Roofing Asphalts and Pitches, Coatings and Cement
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Asphalt Type
7.1 Hot Mix Asphalt
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Warm Mix Asphalt
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Cold Mix Asphalt
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Application
8.1 Roadways
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 Breakup 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 Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Indicators
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Aggregate Industries Ltd.
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.2 Anglo American Plc
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.2.4 SWOT Analysis
15.3.3 Atlas Roofing Corporation
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 BP Plc
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5 Cemex
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.5.4 SWOT Analysis
15.3.6 Chevron Corporation
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7 Exxon Mobil Corporation
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8 Imperial Oil Limited
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.8.4 SWOT Analysis
15.3.9 Owens Corning
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 Petroleos de Venezuela S.A
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.11 Royal Dutch Shell plc
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 SWOT Analysis
15.3.12 Shell International
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.12.3 Financials
15.3.13 Total SA
15.3.13.1 Company Overview
15.3.13.2 Product Portfolio
15.3.13.3 Financials
15.3.13.4 SWOT Analysis
15.3.14 United Refining, Inc.
15.3.14.1 Company Overview
15.3.14.2 Product Portfolio
List of Figures
Figure 1: Global: Asphalt Market: Major Drivers and Challenges
Figure 2: Global: Asphalt Market: Sales Value (in Million US$), 2018-2023
Figure 3: Global: Asphalt Market: Breakup by Product (in %), 2023
Figure 4: Global: Asphalt Market: Breakup by Asphalt Type (in %), 2023
Figure 5: Global: Asphalt Market: Breakup by Application (in %), 2023
Figure 6: Global: Asphalt Market: Breakup by End-Use Sector (in %), 2023
Figure 7: Global: Asphalt Market: Breakup by Region (in %), 2023
Figure 8: Global: Asphalt Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 9: Global: Asphalt (Asphalt Paving Mixtures and Blocks) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Asphalt (Asphalt Paving Mixtures and Blocks) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Asphalt (Prepared Asphalt and Tar Roofing and Siding Products) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Asphalt (Prepared Asphalt and Tar Roofing and Siding Products) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Asphalt (Roofing Asphalts and Pitches, Coatings and Cement) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Asphalt (Roofing Asphalts and Pitches, Coatings and Cement) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Asphalt (Hot Mix Asphalt) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Asphalt (Hot Mix Asphalt) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Asphalt (Warm Mix Asphalt) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Asphalt (Warm Mix Asphalt) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Asphalt (Cold Mix Asphalt) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Asphalt (Cold Mix Asphalt) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Asphalt (Roadways) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Asphalt (Roadways) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: Asphalt (Waterproofing) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: Asphalt (Waterproofing) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Global: Asphalt (Recreation) Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Global: Asphalt (Recreation) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Global: Asphalt (Others) Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Global: Asphalt (Others) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Global: Asphalt (Non-Residential) Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Global: Asphalt (Non-Residential) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: Global: Asphalt (Residential) Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: Global: Asphalt (Residential) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: Global: Asphalt (Others) Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: Global: Asphalt (Others) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: North America: Asphalt Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: North America: Asphalt Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: United States: Asphalt Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: United States: Asphalt Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: Canada: Asphalt Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: Canada: Asphalt Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: Asia Pacific: Asphalt Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: Asia Pacific: Asphalt Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: China: Asphalt Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: China: Asphalt Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: Japan: Asphalt Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: Japan: Asphalt Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: India: Asphalt Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: India: Asphalt Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: South Korea: Asphalt Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: South Korea: Asphalt Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: Australia: Asphalt Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: Australia: Asphalt Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: Indonesia: Asphalt Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: Indonesia: Asphalt Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Others: Asphalt Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Others: Asphalt Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Europe: Asphalt Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Europe: Asphalt Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: Germany: Asphalt Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: Germany: Asphalt Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: France: Asphalt Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: France: Asphalt Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: United Kingdom: Asphalt Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: United Kingdom: Asphalt Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: Italy: Asphalt Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: Italy: Asphalt Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: Spain: Asphalt Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: Spain: Asphalt Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: Russia: Asphalt Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: Russia: Asphalt Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: Others: Asphalt Market: Sales Value (in Million US$), 2018 & 2023
Figure 72: Others: Asphalt Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 73: Latin America: Asphalt Market: Sales Value (in Million US$), 2018 & 2023
Figure 74: Latin America: Asphalt Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 75: Brazil: Asphalt Market: Sales Value (in Million US$), 2018 & 2023
Figure 76: Brazil: Asphalt Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 77: Mexico: Asphalt Market: Sales Value (in Million US$), 2018 & 2023
Figure 78: Mexico: Asphalt Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 79: Others: Asphalt Market: Sales Value (in Million US$), 2018 & 2023
Figure 80: Others: Asphalt Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 81: Middle East and Africa: Asphalt Market: Sales Value (in Million US$), 2018 & 2023
Figure 82: Middle East and Africa: Asphalt Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 83: Global: Asphalt Industry: SWOT Analysis
Figure 84: Global: Asphalt Industry: Value Chain Analysis
Figure 85: Global: Asphalt Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Asphalt Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Asphalt Market Forecast: Breakup by Product (in Million US$), 2024-2032
Table 3: Global: Asphalt Market Forecast: Breakup by Asphalt Type (in Million US$), 2024-2032
Table 4: Global: Asphalt Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 5: Global: Asphalt Market Forecast: Breakup by End-Use Sector (in Million US$), 2024-2032
Table 6: Global: Asphalt Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 7: Global: Asphalt Market Structure
Table 8: Global: Asphalt Market: Key Players

Companies Mentioned

  • 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 S.A
  • Royal Dutch Shell plc
  • Shell International
  • Total SA
  • United Refining Inc.

Methodology

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Table Information