Global demand for asphalt is forecast to advance nearly three percent annually through 2019. Demand will be fueled by solid gains in China and other developing countries as they improve their transportation infrastructures. In the US, demand is expected to rebound as economic growth and construction activity improve.
This report segments the global asphalt industry by region, country, and product. Data is provided in million metric tons and million barrels.
Asphalt products include:
Paving Products (asphalt cement and asphalt emulsions)
Other (e.g., asphaltic sealants and building paper and board)
Paving products account for nearly about four-fifths of the global asphalt market. Roofing products are expected to post the fastest demand gains through 2019, however, as asphaltic roofing products continue to gain popularity because of their durability over a wide range of temperatures and climatic conditions.
This study covers the following six world regions, as well as 18 countries:
Central & South America
The Asia/Pacific region will see the strongest advances among world regions through 2019, as both China and India will be among the fastest growing national markets during this time. Both countries will continue to improve their transportation infrastructures during this time, driving demand for asphalt.
This study provides market leaders and analysis for primary asphalt producers, paving asphalt companies, and the roofing asphalt industry. Participating companies include Axeon Specialty Products, BP, Building Materials Corporation of America, Colas, CRH, Exxon Mobil, Heidelberg Cement, Icopal, IKO, PetroChina, Lafarge, Marathon Petroleum, Nynas, Owens Corning, Royal Dutch Shell, Saint-Gobain, Sinopec, and Total.