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Global Asphalt Market 2017-2021

Global Asphalt Market 2017-2021

About Asphalt

Asphalt (also known as bitumen) is a strong, versatile, weather-resistant, and chemical-resistant material, which adapts itself to a variety of uses. Asphalt binds gravel and crushed stone (commonly known as aggregate) into firm and tough surfaces for roads, streets, and airport runways.

Technavio’s analysts forecast the global asphalt market to grow at a CAGR of 4.12% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global asphalt market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price for the product.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Asphalt Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • BP
  • CEMEX
  • Exxon Mobil
  • Imperial Oil
  • Royal Dutch Shell
Other prominent vendors
  • Aggregate Industries
  • Akzo Nobel
  • Anglo American
  • Atlas Roofing
  • China Petrochemical Corporation (Sinopec)
  • El Dorado Chemical
  • Inland Asphalt
  • United Refining
Market driver
  • Furtherance of transport sector and infrastructural development
  • For a full, detailed list, view our report
Market challenge
  • Sustainability and environmental concerns
  • For a full, detailed list, view our report
Market trend
  • Modern pavement technologies
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Asphalt Market 2017-2021

Technavio recognizes the following companies as the key players in the global asphalt market: BP, CEMEX, Exxon Mobil, Imperial Oil, and Royal Dutch Shell.

Other Prominent Vendors in the market are: Aggregate Industries, Akzo Nobel, Anglo American, Atlas Roofing, China Petrochemical Corporation (Sinopec), El Dorado Chemical, Inland Asphalt, and United Refining.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is modern pavement technologies. New technologies for paving highways and bridges are being introduced, where asphalt might find greater usage. The demand for porous asphalt is expected to increase as it not only channelizes water to flow in a desired way but has proven to be a cost-effective material. Another significant trend in the global asphalt market is the recycling of asphalt materials in highways for resurfacing.”

According to the report, one of the major drivers for this market is furtherance of transport sector and infrastructural development. Several countries still face the problem of unpaved roads that stretch for sizeable distances. Unpaved roads account for about 4.3 million kilometers, globally, of which the US accounts for about 2 million kilometers. Countries such as China, Canada, India, Germany, and Switzerland also have large stretches of unpaved roads. Urbanization and industrialization leading to the need for paved roads would mean increased sale and consumption of asphalt.

Further, the report states that one of the major factors hindering the growth of this market is sustainability and environmental concerns. The chemical nature of asphalt causes it to stiffen immediately after application and form hydrogen bonds with different components. Reactive components combine to form larger molecules, thereby increasing the hardness of asphalt. Therefore, asphalt durability is reduced over time. The hardening of asphalt to a certain extent is necessary to withstand elevated temperatures; a balance is of foremost concern to minimize temperature susceptibility. This drawback of asphalt could result in the replacement of concrete for asphalt.

Companies Mentioned

BP, CEMEX, Exxon Mobil, Imperial Oil, Royal Dutch Shell, Aggregate Industries, Akzo Nobel, Anglo American, Atlas Roofing, China Petrochemical Corporation (Sinopec), El Dorado Chemical, Inland Asphalt, and United Refining.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
    • Overview
  • Market landscape
    • Market overview: Global asphalt market
      • Table Global asphalt market segmentation
      • Table Global asphalt market 2016 and 2021 (million metric tons)
      • Table Market forecast: Global asphalt market 2016-2021
    • Five force analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Overview: Global asphalt market by application
      • Table Global asphalt market by application 2016 and 2021 (% share of revenue)
      • Table Global asphalt market by application 2016 and 2021 (million metric tons)
    • Global asphalt market for roadways
      • Table Global asphalt market for roadways 2016 and 2021 (million metric tons)
      • Table Market forecast: Global asphalt market for roadways 2016-2021
    • Global asphalt market for waterproofing
      • Table Global asphalt market for waterproofing 2016 and 2021 (million metric tons)
      • Table Market forecast: Global asphalt market for waterproofing 2016-2021
    • Global asphalt market for recreation
      • Table Global asphalt market for recreation 2016 and 2021 (million metric tons)
      • Table Market forecast: Global asphalt market for recreation 2016-2021
    • Global asphalt market for other applications
      • Table Global asphalt market for other applications 2016 and 2021 (million metric tons)
      • Table Market forecast: Global asphalt market for other applications 2016-2021
  • Market segmentation by end-user industry
    • Overview: Global asphalt market by end-user industry
      • Table Global asphalt market by end-user industry 2016 and 2021 (% share of revenue)
      • Table Global asphalt market by end-user industry 2016 and 2021 (million metric tons)
    • Global asphalt market for non-residential construction
      • Table Global asphalt market for non-residential construction 2016 and 2021 (million metric tons)
      • Table Market forecast: Global asphalt market for non-residential construction 2016-2021
    • Global asphalt market for residential construction
      • Table Global asphalt market for residential construction 2016 and 2021 (million metric tons)
      • Table Market forecast: Global asphalt market for residential construction 2016-2021
    • Global asphalt market for other end-user industries
      • Table Global asphalt market for other end-user industries 2016 and 2021 (million metric tons)
      • Table Market forecast: Global asphalt market for other end-user industries 2016-2021
  • Geographical segmentation
    • Overview: Global asphalt market by geography
      • Table Global asphalt market by geography 2016 and 2021 (% share of revenue)
      • Table Global asphalt market by geography 2016 and 2021 (million metric tons)
    • Asphalt market in Americas
      • Table Asphalt market in Americas 2016 and 2021 (million metric tons)
      • Table Market forecast: Asphalt market in Americas 2016-2021
    • Asphalt market in APAC
      • Table Asphalt market in APAC 2016 and 2021 (million metric tons)
      • Table Market forecast: Asphalt market in APAC 2016-2021
    • Asphalt market in EMEA
      • Table Asphalt market in EMEA 2016 and 2021 (million metric tons)
      • Table Market forecast: Asphalt market in EMEA 2016-2021
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Impact of drivers on key geographies
      • Table Impact of drivers
    • Market challenges
    • Impact of challenges on key geographies
      • Table Impact of challenges
  • Market trends
    • Use of warm mix asphalt
    • Modern pavement technologies
    • Increased recycling and resurfacing practices
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • BP
      • Table BP: Business segmentation by revenue 2015
      • Table BP Geographic segmentation by revenue 2015
    • CEMEX
      • Table CEMEX: Business segmentation by revenue 2016
      • Table CEMEX: Geographic segmentation by revenue 2016
    • Exxon Mobil
      • Table Exxon Mobil: Business segmentation by revenue 2015
      • Table Exxon Mobil: Geographic segmentation by revenue 2015
    • Imperial Oil
    • Royal Dutch Shell
      • Table Royal Dutch Shell: Business segmentation by revenue 2015
      • Table Royal Dutch Shell: Geographic segmentation by revenue 2015
  • Appendix
    • List of abbreviations
  • Explore Technavio

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