
Global Asphalt Concrete Market Research Report 2025(Status and Outlook)
Description
Report Overview
Asphalt concrete, commonly referred to as asphalt or blacktop, is a composite material used extensively in road construction, parking lots, and other paved surfaces. It consists of mineral aggregates (such as crushed stone, sand, or gravel) bound together with bitumen, a viscous petroleum-based binder. The material is prized for its durability, weather resistance, and ability to withstand heavy traffic loads, making it the preferred choice for infrastructure projects worldwide. Its composition can be adjusted to meet specific performance requirements, including varying load capacities, climate conditions, and noise reduction needs. The production process involves heating and mixing the aggregates with bitumen before laying and compacting the mixture to form a smooth, long-lasting surface. Recent innovations include warm-mix asphalt (reducing energy consumption) and recycled asphalt pavement (RAP), which enhance sustainability. The market demand for asphalt concrete is closely tied to infrastructure development, urbanization trends, and government spending on transportation networks.
The global Asphalt Concrete market size was estimated at USD 2002.2 million in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 3.50% during the forecast period.
This report offers a comprehensive and in-depth analysis of the global Asphalt Concrete market, covering all critical facets from a broad macroeconomic overview to detailed micro-level insights. It examines market size, competitive landscape, emerging development trends, niche segments, key drivers and challenges, as well as conducts SWOT and value chain analyses.
The insights provided enable readers to understand the competitive dynamics within the industry and formulate effective strategies to enhance profitability and market positioning. Additionally, the report presents a clear framework for evaluating the current status and future outlook of business organizations operating in this sector.
A significant focus of this report lies in the competitive landscape of the global Asphalt Concrete market. It offers detailed profiles of major players, including their market shares, performance metrics, product portfolios, and operational status. This enables stakeholders to identify leading competitors and gain a nuanced understanding of market rivalry and structure.
In summary, this report serves as an essential resource for industry participants, investors, researchers, consultants, and business strategists, as well as anyone planning to enter or expand their presence in the Asphalt Concrete market.
Global Asphalt Concrete Market: Market Segmentation Analysis
This research report provides a detailed segmentation of the market by region (country), key manufacturers, product type, and application. Market segmentation divides the overall market into distinct subsets based on factors such as product categories, end-user industries, geographic locations, and other relevant criteria.
A clear understanding of these market segments enables decision-makers to tailor their product development, sales, and marketing strategies more effectively to meet the unique needs of each segment. Leveraging market segmentation insights can significantly enhance targeted approaches, optimize resource allocation, and accelerate product innovation cycles by aligning offerings with the specific demands of diverse customer groups.
Key Company
McAsphalt
CEMEX
Kilsaran
Lagan Group
Coldec Group
The Gorman Group
Zeon Corporation
Teichert
Market Segmentation (by Type)
Engineered Asphalt Concrete
Hot-mixed Asphalt Concrete
Specialty Asphalt Concrete
Market Segmentation (by Application)
Surface for Roads
Streets
Airport Runways
Others
Geographic Segmentation
North America (USA, Canada, Mexico)
Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
South America (Brazil, Argentina, Columbia, Rest of South America)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
Industry drivers, restraints, and opportunities covered in the study
Neutral perspective on the market performance
Recent industry trends and developments
Competitive landscape & strategies of key players
Potential & niche segments and regions exhibiting promising growth covered
Historical, current, and projected market size, in terms of value
In-depth analysis of the Asphalt Concrete Market
Overview of the regional outlook of the Asphalt Concrete Market:
Chapter Outline
Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.
Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Asphalt Concrete Market and its likely evolution in the short to mid-term, and long term.
Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.
Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.
Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 9 shares the main producing countries of Asphalt Concrete, their output value, profit level, regional supply, production capacity layout, etc. from the supply side.
Chapter 10 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.
Chapter 11 provides a quantitative analysis of the market size and development potential of each region in the next five years.
Chapter 12 provides a quantitative analysis of the market size and development potential of each market segment in the next five years.
Chapter 13 is the main points and conclusions of the report.
Key Reasons to Buy this Report:
Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
This enables you to anticipate market changes to remain ahead of your competitors
You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
Provision of market value data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
Provides insight into the market through Value Chain
Market dynamics scenario, along with growth opportunities of the market in the years to come
Asphalt concrete, commonly referred to as asphalt or blacktop, is a composite material used extensively in road construction, parking lots, and other paved surfaces. It consists of mineral aggregates (such as crushed stone, sand, or gravel) bound together with bitumen, a viscous petroleum-based binder. The material is prized for its durability, weather resistance, and ability to withstand heavy traffic loads, making it the preferred choice for infrastructure projects worldwide. Its composition can be adjusted to meet specific performance requirements, including varying load capacities, climate conditions, and noise reduction needs. The production process involves heating and mixing the aggregates with bitumen before laying and compacting the mixture to form a smooth, long-lasting surface. Recent innovations include warm-mix asphalt (reducing energy consumption) and recycled asphalt pavement (RAP), which enhance sustainability. The market demand for asphalt concrete is closely tied to infrastructure development, urbanization trends, and government spending on transportation networks.
The global Asphalt Concrete market size was estimated at USD 2002.2 million in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 3.50% during the forecast period.
This report offers a comprehensive and in-depth analysis of the global Asphalt Concrete market, covering all critical facets from a broad macroeconomic overview to detailed micro-level insights. It examines market size, competitive landscape, emerging development trends, niche segments, key drivers and challenges, as well as conducts SWOT and value chain analyses.
The insights provided enable readers to understand the competitive dynamics within the industry and formulate effective strategies to enhance profitability and market positioning. Additionally, the report presents a clear framework for evaluating the current status and future outlook of business organizations operating in this sector.
A significant focus of this report lies in the competitive landscape of the global Asphalt Concrete market. It offers detailed profiles of major players, including their market shares, performance metrics, product portfolios, and operational status. This enables stakeholders to identify leading competitors and gain a nuanced understanding of market rivalry and structure.
In summary, this report serves as an essential resource for industry participants, investors, researchers, consultants, and business strategists, as well as anyone planning to enter or expand their presence in the Asphalt Concrete market.
Global Asphalt Concrete Market: Market Segmentation Analysis
This research report provides a detailed segmentation of the market by region (country), key manufacturers, product type, and application. Market segmentation divides the overall market into distinct subsets based on factors such as product categories, end-user industries, geographic locations, and other relevant criteria.
A clear understanding of these market segments enables decision-makers to tailor their product development, sales, and marketing strategies more effectively to meet the unique needs of each segment. Leveraging market segmentation insights can significantly enhance targeted approaches, optimize resource allocation, and accelerate product innovation cycles by aligning offerings with the specific demands of diverse customer groups.
Key Company
McAsphalt
CEMEX
Kilsaran
Lagan Group
Coldec Group
The Gorman Group
Zeon Corporation
Teichert
Market Segmentation (by Type)
Engineered Asphalt Concrete
Hot-mixed Asphalt Concrete
Specialty Asphalt Concrete
Market Segmentation (by Application)
Surface for Roads
Streets
Airport Runways
Others
Geographic Segmentation
North America (USA, Canada, Mexico)
Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
South America (Brazil, Argentina, Columbia, Rest of South America)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
Industry drivers, restraints, and opportunities covered in the study
Neutral perspective on the market performance
Recent industry trends and developments
Competitive landscape & strategies of key players
Potential & niche segments and regions exhibiting promising growth covered
Historical, current, and projected market size, in terms of value
In-depth analysis of the Asphalt Concrete Market
Overview of the regional outlook of the Asphalt Concrete Market:
Chapter Outline
Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.
Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Asphalt Concrete Market and its likely evolution in the short to mid-term, and long term.
Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.
Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.
Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 9 shares the main producing countries of Asphalt Concrete, their output value, profit level, regional supply, production capacity layout, etc. from the supply side.
Chapter 10 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.
Chapter 11 provides a quantitative analysis of the market size and development potential of each region in the next five years.
Chapter 12 provides a quantitative analysis of the market size and development potential of each market segment in the next five years.
Chapter 13 is the main points and conclusions of the report.
Key Reasons to Buy this Report:
Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
This enables you to anticipate market changes to remain ahead of your competitors
You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
Provision of market value data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
Provides insight into the market through Value Chain
Market dynamics scenario, along with growth opportunities of the market in the years to come
Table of Contents
136 Pages
- 1 Research Methodology and Statistical Scope
- 1.1 Market Definition and Statistical Scope of Asphalt Concrete
- 1.2 Key Market Segments
- 1.2.1 Asphalt Concrete Segment by Type
- 1.2.2 Asphalt Concrete Segment by Application
- 1.3 Methodology & Sources of Information
- 1.3.1 Research Methodology
- 1.3.2 Research Process
- 1.3.3 Market Breakdown and Data Triangulation
- 1.3.4 Base Year
- 1.3.5 Report Assumptions & Caveats
- 2 Asphalt Concrete Market Overview
- 2.1 Global Market Overview
- 2.1.1 Global Asphalt Concrete Market Size (M USD) Estimates and Forecasts (2020-2033)
- 2.1.2 Global Asphalt Concrete Sales Estimates and Forecasts (2020-2033)
- 2.2 Market Segment Executive Summary
- 2.3 Global Market Size by Region
- 3 Asphalt Concrete Market Competitive Landscape
- 3.1 Company Assessment Quadrant
- 3.2 Global Asphalt Concrete Product Life Cycle
- 3.3 Global Asphalt Concrete Sales by Manufacturers (2020-2025)
- 3.4 Global Asphalt Concrete Revenue Market Share by Manufacturers (2020-2025)
- 3.5 Asphalt Concrete Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
- 3.6 Global Asphalt Concrete Average Price by Manufacturers (2020-2025)
- 3.7 Manufacturers’ Manufacturing Sites, Areas Served, and Product Types
- 3.8 Asphalt Concrete Market Competitive Situation and Trends
- 3.8.1 Asphalt Concrete Market Concentration Rate
- 3.8.2 Global 5 and 10 Largest Asphalt Concrete Players Market Share by Revenue
- 3.8.3 Mergers & Acquisitions, Expansion
- 4 Asphalt Concrete Industry Chain Analysis
- 4.1 Asphalt Concrete Industry Chain Analysis
- 4.2 Market Overview of Key Raw Materials
- 4.3 Midstream Market Analysis
- 4.4 Downstream Customer Analysis
- 5 The Development and Dynamics of Asphalt Concrete Market
- 5.1 Key Development Trends
- 5.2 Driving Factors
- 5.3 Market Challenges
- 5.4 Industry News
- 5.4.1 New Product Developments
- 5.4.2 Mergers & Acquisitions
- 5.4.3 Expansions
- 5.4.4 Collaboration/Supply Contracts
- 5.5 PEST Analysis
- 5.5.1 Industry Policies Analysis
- 5.5.2 Economic Environment Analysis
- 5.5.3 Social Environment Analysis
- 5.5.4 Technological Environment Analysis
- 5.6 Global Asphalt Concrete Market Porter's Five Forces Analysis
- 5.6.1 Global Trade Frictions
- 5.6.2 U.S. Tariff Policy – April 2025
- 5.6.3 Global Trade Frictions and Their Impacts to Asphalt Concrete Market
- 5.7 ESG Ratings of Leading Companies
- 6 Asphalt Concrete Market Segmentation by Type
- 6.1 Evaluation Matrix of Segment Market Development Potential (Type)
- 6.2 Global Asphalt Concrete Sales Market Share by Type (2020-2025)
- 6.3 Global Asphalt Concrete Market Size Market Share by Type (2020-2025)
- 6.4 Global Asphalt Concrete Price by Type (2020-2025)
- 7 Asphalt Concrete Market Segmentation by Application
- 7.1 Evaluation Matrix of Segment Market Development Potential (Application)
- 7.2 Global Asphalt Concrete Market Sales by Application (2020-2025)
- 7.3 Global Asphalt Concrete Market Size (M USD) by Application (2020-2025)
- 7.4 Global Asphalt Concrete Sales Growth Rate by Application (2020-2025)
- 8 Asphalt Concrete Market Sales by Region
- 8.1 Global Asphalt Concrete Sales by Region
- 8.1.1 Global Asphalt Concrete Sales by Region
- 8.1.2 Global Asphalt Concrete Sales Market Share by Region
- 8.2 Global Asphalt Concrete Market Size by Region
- 8.2.1 Global Asphalt Concrete Market Size by Region
- 8.2.2 Global Asphalt Concrete Market Size Market Share by Region
- 8.3 North America
- 8.3.1 North America Asphalt Concrete Sales by Country
- 8.3.2 North America Asphalt Concrete Market Size by Country
- 8.3.3 U.S. Market Overview
- 8.3.4 Canada Market Overview
- 8.3.5 Mexico Market Overview
- 8.4 Europe
- 8.4.1 Europe Asphalt Concrete Sales by Country
- 8.4.2 Europe Asphalt Concrete Market Size by Country
- 8.4.3 Germany Market Overview
- 8.4.4 France Market Overview
- 8.4.5 U.K. Market Overview
- 8.4.6 Italy Market Overview
- 8.4.7 Spain Market Overview
- 8.5 Asia Pacific
- 8.5.1 Asia Pacific Asphalt Concrete Sales by Region
- 8.5.2 Asia Pacific Asphalt Concrete Market Size by Region
- 8.5.3 China Market Overview
- 8.5.4 Japan Market Overview
- 8.5.5 South Korea Market Overview
- 8.5.6 India Market Overview
- 8.5.7 Southeast Asia Market Overview
- 8.6 South America
- 8.6.1 South America Asphalt Concrete Sales by Country
- 8.6.2 South America Asphalt Concrete Market Size by Country
- 8.6.3 Brazil Market Overview
- 8.6.4 Argentina Market Overview
- 8.6.5 Columbia Market Overview
- 8.7 Middle East and Africa
- 8.7.1 Middle East and Africa Asphalt Concrete Sales by Region
- 8.7.2 Middle East and Africa Asphalt Concrete Market Size by Region
- 8.7.3 Saudi Arabia Market Overview
- 8.7.4 UAE Market Overview
- 8.7.5 Egypt Market Overview
- 8.7.6 Nigeria Market Overview
- 8.7.7 South Africa Market Overview
- 9 Asphalt Concrete Market Production by Region
- 9.1 Global Production of Asphalt Concrete by Region(2020-2025)
- 9.2 Global Asphalt Concrete Revenue Market Share by Region (2020-2025)
- 9.3 Global Asphalt Concrete Production, Revenue, Price and Gross Margin (2020-2025)
- 9.4 North America Asphalt Concrete Production
- 9.4.1 North America Asphalt Concrete Production Growth Rate (2020-2025)
- 9.4.2 North America Asphalt Concrete Production, Revenue, Price and Gross Margin (2020-2025)
- 9.5 Europe Asphalt Concrete Production
- 9.5.1 Europe Asphalt Concrete Production Growth Rate (2020-2025)
- 9.5.2 Europe Asphalt Concrete Production, Revenue, Price and Gross Margin (2020-2025)
- 9.6 Japan Asphalt Concrete Production (2020-2025)
- 9.6.1 Japan Asphalt Concrete Production Growth Rate (2020-2025)
- 9.6.2 Japan Asphalt Concrete Production, Revenue, Price and Gross Margin (2020-2025)
- 9.7 China Asphalt Concrete Production (2020-2025)
- 9.7.1 China Asphalt Concrete Production Growth Rate (2020-2025)
- 9.7.2 China Asphalt Concrete Production, Revenue, Price and Gross Margin (2020-2025)
- 10 Key Companies Profile
- 10.1 McAsphalt
- 10.1.1 McAsphalt Basic Information
- 10.1.2 McAsphalt Asphalt Concrete Product Overview
- 10.1.3 McAsphalt Asphalt Concrete Product Market Performance
- 10.1.4 McAsphalt Business Overview
- 10.1.5 McAsphalt SWOT Analysis
- 10.1.6 McAsphalt Recent Developments
- 10.2 CEMEX
- 10.2.1 CEMEX Basic Information
- 10.2.2 CEMEX Asphalt Concrete Product Overview
- 10.2.3 CEMEX Asphalt Concrete Product Market Performance
- 10.2.4 CEMEX Business Overview
- 10.2.5 CEMEX SWOT Analysis
- 10.2.6 CEMEX Recent Developments
- 10.3 Kilsaran
- 10.3.1 Kilsaran Basic Information
- 10.3.2 Kilsaran Asphalt Concrete Product Overview
- 10.3.3 Kilsaran Asphalt Concrete Product Market Performance
- 10.3.4 Kilsaran Business Overview
- 10.3.5 Kilsaran SWOT Analysis
- 10.3.6 Kilsaran Recent Developments
- 10.4 Lagan Group
- 10.4.1 Lagan Group Basic Information
- 10.4.2 Lagan Group Asphalt Concrete Product Overview
- 10.4.3 Lagan Group Asphalt Concrete Product Market Performance
- 10.4.4 Lagan Group Business Overview
- 10.4.5 Lagan Group Recent Developments
- 10.5 Coldec Group
- 10.5.1 Coldec Group Basic Information
- 10.5.2 Coldec Group Asphalt Concrete Product Overview
- 10.5.3 Coldec Group Asphalt Concrete Product Market Performance
- 10.5.4 Coldec Group Business Overview
- 10.5.5 Coldec Group Recent Developments
- 10.6 The Gorman Group
- 10.6.1 The Gorman Group Basic Information
- 10.6.2 The Gorman Group Asphalt Concrete Product Overview
- 10.6.3 The Gorman Group Asphalt Concrete Product Market Performance
- 10.6.4 The Gorman Group Business Overview
- 10.6.5 The Gorman Group Recent Developments
- 10.7 Zeon Corporation
- 10.7.1 Zeon Corporation Basic Information
- 10.7.2 Zeon Corporation Asphalt Concrete Product Overview
- 10.7.3 Zeon Corporation Asphalt Concrete Product Market Performance
- 10.7.4 Zeon Corporation Business Overview
- 10.7.5 Zeon Corporation Recent Developments
- 10.8 Teichert
- 10.8.1 Teichert Basic Information
- 10.8.2 Teichert Asphalt Concrete Product Overview
- 10.8.3 Teichert Asphalt Concrete Product Market Performance
- 10.8.4 Teichert Business Overview
- 10.8.5 Teichert Recent Developments
- 11 Asphalt Concrete Market Forecast by Region
- 11.1 Global Asphalt Concrete Market Size Forecast
- 11.2 Global Asphalt Concrete Market Forecast by Region
- 11.2.1 North America Market Size Forecast by Country
- 11.2.2 Europe Asphalt Concrete Market Size Forecast by Country
- 11.2.3 Asia Pacific Asphalt Concrete Market Size Forecast by Region
- 11.2.4 South America Asphalt Concrete Market Size Forecast by Country
- 11.2.5 Middle East and Africa Forecasted Sales of Asphalt Concrete by Country
- 12 Forecast Market by Type and by Application (2026-2033)
- 12.1 Global Asphalt Concrete Market Forecast by Type (2026-2033)
- 12.1.1 Global Forecasted Sales of Asphalt Concrete by Type (2026-2033)
- 12.1.2 Global Asphalt Concrete Market Size Forecast by Type (2026-2033)
- 12.1.3 Global Forecasted Price of Asphalt Concrete by Type (2026-2033)
- 12.2 Global Asphalt Concrete Market Forecast by Application (2026-2033)
- 12.2.1 Global Asphalt Concrete Sales (K MT) Forecast by Application
- 12.2.2 Global Asphalt Concrete Market Size (M USD) Forecast by Application (2026-2033)
- 13 Conclusion and Key Findings
Pricing
Currency Rates
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