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1451308

アスファルト市場レポート：製品タイプ、用途、最終用途、地域別、2024～2032年

Asphalt Market Report by Product, Asphalt Type, Application, End-Use Sector, and Region 2024-2032
出版日: | 発行: IMARC | ページ情報: 英文 145 Pages | 納期: 2～3営業日

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価格
価格表記: USDを日本円(税抜)に換算
本日の銀行送金レート: 1USD=157.14円
アスファルト市場レポート：製品タイプ、用途、最終用途、地域別、2024～2032年
出版日: 2024年03月02日
発行: IMARC
ページ情報: 英文 145 Pages
納期: 2～3営業日
  • 全表示
  • 概要
  • 図表
  • 目次
概要

世界のアスファルト市場規模は2023年に2億4,660万米ドルに達しました。今後、IMARC Groupは、市場が2024～2032年の間に5.1%の成長率（CAGR）を示して、2032年までに3億8,990万米ドルに達すると予想します。インフラ整備、急速な都市化、道路建設の増加、原油価格の変動、技術の進歩、政府の取り組みが市場の成長を後押ししています。

一般にブラックトップとして知られるアスファルトは、主に道路建設に使用される耐久性のある万能材料です。砂利、砂、砕石などの骨材を、粘着性のある石油系バインダーで結合した混合物で構成されるアスファルトは、冷却すると強固で防水性のある表面を形成します。その適用には、準備された表面に高温の混合物を散布し、その後、滑らかで均一な路面を作るために締め固めることが含まれます。アスファルトの用途は道路にとどまらず、駐車場、車道、空港の滑走路、レース場など、その弾力的な性質と費用対効果の高さから多岐にわたる。アスファルトの利点は、重い交通荷重、風化、温度変化に耐える能力にあります。さらに、アスファルトの濃い色は熱を吸収・保持し、寒い季節の氷や雪の融解を助けます。アスファルトには、ホット・ミックス・アスファルト（HMA）、ウォーム・ミックス・アスファルト（WMA）、コールド・ミックス・アスファルト（CMA）など、さまざまな種類があります。

世界のアスファルト市場は、インフラ整備の進展と急速な都市化の影響を受けています。これはさらに、人口レベルの上昇と経済成長によって推進される道路建設プロジェクトの増加によってサポートされています。さらに、持続可能で環境に優しいアスファルト・ソリューションの需要は、材料と生産プロセスの革新に向けて市場を後押ししています。これに伴い、アスファルトの配合や塗布方法における技術の進歩も、市場の成長を促進する上で重要な役割を果たしています。さらに、道路網や交通インフラを改善するための政府の取り組みが、市場の需要をさらに刺激しています。天候や気候の変化、環境問題や品質基準に対処する規制の枠組みなどの他の要因は、市場の成長を刺激しています。

アスファルト市場の動向と促進要因：

インフラ開発と都市化

世界のアスファルト市場は、インフラストラクチャー・プロジェクトの進行中の急増と急速な都市化によって深く影響を受けています。国々が拡大する人口を収容し、経済成長を強化するために努力するにつれて、新しい道路、高速道路、と輸送網の需要は激化します。このような建設プロジェクトの急増は、道路舗装の基本コンポーネントであるアスファルトの必要性を直接刺激します。都市への人口移動に顕著な都市化の動向は、強固な道路インフラに対する需要を増幅させる。都市が拡大するにつれて、効率的な道路網は、接続性とアクセシビリティのために最も重要になります。その結果、アスファルトは、近代的な都市生活の基盤を支える極めて重要な役割を果たします。インフラストラクチャー開拓と都市化の間の相互作用は、アスファルト・ソリューションへの継続的な需要を作り出し、この促進要因を世界のアスファルト市場を形成する礎石として位置づけています。

経済成長と道路建設

世界のアスファルト市場の軌道は、本質的に経済成長とリンクしています。経済が繁栄するにつれて、政府は、建設と拡大プロジェクト、特に輸送部門に多額の予算を割り当てます。道路と高速道路は、商品やサービスの移動を可能にする、商業の重要な動脈として機能します。従って、繁栄する経済は、堅固な道路網の開発と維持を必要とし、そこで、アスファルトが重要な材料として現れます。経済成長と道路建設の相関関係は、高品質のアスファルト製品に対する一貫した需要を強調しています。さらに、経済成長は、都市化を推進し、急成長している都市センター内の強化された移動とアクセシビリティを促進するために、アスファルトの需要をさらに推進します。

持続可能な実践と革新

進化する環境意識は、アスファルト製造を含む様々な産業内の持続可能な実践の採用を推進しています。世界のアスファルト市場は、炭素排出と環境への影響に対する懸念によって、環境に優しいソリューションへのパラダイムシフトを確認しています。アスファルト調合における革新は、生産中のエネルギー消費を削減するウォームミックスアスファルトのような、環境に配慮した製品の創造を促進しています。さらに、再生アスファルト舗装（RAP）のような代替材料の探求は、資源消費と廃棄物を最小限に抑えます。このような持続可能性に向けた動きは、規制の取り組みと一致するだけでなく、環境意識の高い消費者の嗜好にも対応しています。結果として、持続可能な実践と革新的なアスファルト技術は、世界のアスファルト市場の将来を形成する、重要な促進要因として出現しています。

目次

第1章 序文

第2章 調査範囲と調査手法

  • 調査目的
  • 利害関係者
  • データソース
    • 一次情報
    • 二次情報
  • 市場推定
    • ボトムアップアプローチ
    • トップダウンアプローチ
  • 調査手法

第3章 エグゼクティブサマリー

第4章 イントロダクション

  • 概要
  • 主要産業動向

第5章 世界のアスファルト市場

  • 市場概要
  • 市場実績
  • COVID-19の影響
  • 市場予測

第6章 市場内訳：製品別

  • アスファルト合材とブロック
  • 調製アスファルトとタール屋根・サイディング製品
  • 屋根用アスファルト、ピッチ、塗料、セメント

第7章 市場内訳：アスファルトタイプ別

  • ホットミックスアスファルト
  • ウォームミックスアスファルト
  • コールドミックスアスファルト

第8章 市場内訳：用途別

  • 道路
  • 防水
  • レクリエーション
  • その他

第9章 市場内訳：エンドユーザー分野別

  • 非住宅
  • 住宅
  • その他

第10章 市場内訳：地域別

  • 北米
    • 米国
    • カナダ
  • アジア太平洋
    • 中国
    • 日本
    • インド
    • 韓国
    • オーストラリア
    • インドネシア
    • その他
  • 欧州
    • ドイツ
    • フランス
    • 英国
    • イタリア
    • スペイン
    • ロシア
    • その他
  • ラテンアメリカ
    • ブラジル
    • メキシコ
    • その他
  • 中東・アフリカ地域
    • 市場動向
    • 市場内訳：国別
    • 市場予測

第11章 SWOT分析

  • 概要
  • 強み
  • 弱み
  • 機会
  • 脅威

第12章 バリューチェーン分析

第13章 ポーターのファイブフォース分析

  • 概要
  • 買い手の交渉力
  • 供給企業の交渉力
  • 競合の程度
  • 新規参入業者の脅威
  • 代替品の脅威

第14章 価格指標

第15章 競合情勢

  • 市場構造
  • 主要企業
  • 主要企業のプロファイル
    • 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.
図表

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
目次
Product Code: SR112024A2128

The global asphalt market size reached US$ 246.6 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 389.9 Million by 2032, exhibiting a growth rate (CAGR) of 5.1% during 2024-2032. 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:

IMARC Group 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. Our 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 Espana bought two new quarries near Madrid to strengthen its limestone reserves.

In February 2020, Atlas(R) 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