Asphalt Manufacturing in the US - Industry Market Research Report
Description
Asphalt Manufacturing in the US
The Asphalt Manufacturing industry mainly produces paving and roofing materials, including asphalt and tar-paving mixtures and blocks, shingles, roofing cements and coatings. Industry performance is driven by three main factors: government spending in infrastructure, construction trends and the price of substitutes compared with asphalt. Overall, the cost of producing asphalt is somewhat volatile, since it's linked to the price of oil. Recent events, such as the COVID-19 pandemic and the Ukraine war, have resulted in higher levels of volatility within the asphalt manufacturing space and, as a result, affecting profit. In the past five years, industry revenue rose at a CAGR of 0.8% to $31.3 billion, including a 2.0% drop in 2023 alone.
Industry operators manufacture paving and roofing materials, including asphalt and tar-paving mixtures and blocks, shingles, roofing cements and coatings. These products are produced from purchased asphaltic materials, paper mats and felts. Operators do not refine the crude petroleum or produce the paper mats and felts that comprise industry products. Companies that conduct such services are included in the Petroleum Refining (IBISWorld report 32411) and Paper Mills (32212) industries.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
The Asphalt Manufacturing industry mainly produces paving and roofing materials, including asphalt and tar-paving mixtures and blocks, shingles, roofing cements and coatings. Industry performance is driven by three main factors: government spending in infrastructure, construction trends and the price of substitutes compared with asphalt. Overall, the cost of producing asphalt is somewhat volatile, since it's linked to the price of oil. Recent events, such as the COVID-19 pandemic and the Ukraine war, have resulted in higher levels of volatility within the asphalt manufacturing space and, as a result, affecting profit. In the past five years, industry revenue rose at a CAGR of 0.8% to $31.3 billion, including a 2.0% drop in 2023 alone.
Industry operators manufacture paving and roofing materials, including asphalt and tar-paving mixtures and blocks, shingles, roofing cements and coatings. These products are produced from purchased asphaltic materials, paper mats and felts. Operators do not refine the crude petroleum or produce the paper mats and felts that comprise industry products. Companies that conduct such services are included in the Petroleum Refining (IBISWorld report 32411) and Paper Mills (32212) industries.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
46 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
