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Global Asphalt Market 2025-2029

Publisher TechNavio
Published Jun 19, 2025
Length 239 Pages
SKU # INF20160134

Description

Asphalt Market 2025-2029

The asphalt market is forecasted to grow by USD 17378 mn during 2024-2029, accelerating at a CAGR of 5.1% during the forecast period. The report on the asphalt market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by infrastructure development and road construction, urbanization and population growth, and increased demand for waterproofing.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

Technavio's asphalt market is segmented as below:

By Product Type
  • Hot mix asphalt
  • Warm mix asphalt
  • Cold mix asphalt
  • Others
By End-user
  • Non-residential construction
  • Residential construction
  • Others
By Application
  • Paving
  • Roofing
  • Waterproofing
By Geographical Landscape
  • APAC
  • North America
  • Europe
  • Middle East and Africa
  • South America
This study identifies the focus on sustainable production as one of the prime reasons driving the asphalt market growth during the next few years. Also, increasing adoption of modified asphalt and emergence of smart and high-performance asphalt solutions will lead to sizable demand in the market.

The report on the asphalt market covers the following areas:
  • Asphalt Market sizing
  • Asphalt Market forecast
  • Asphalt Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading asphalt market vendors that include Aggregate Industries UK Ltd., Boral Ltd., BP Plc, CEMEX SAB de CV, Chevron Corp., CRH Plc, Exxon Mobil Corp., HeidelbergCement AG, Marathon Petroleum Corp., Owens Corning, Repsol SA, Shell plc, Sinopec Shanghai Petrochemical Co. Ltd., TotalEnergies SE, United Refining Co., Valero Energy Corp., and Vulcan Materials Co.. Also, the asphalt market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Table of Contents

239 Pages
    • Market overview
    • Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
    • Criticality of inputs and Factors of differentiation
    • Factors of disruption
    • Impact of drivers and challenges
    • Market ecosystem
    • Market characteristics
    • Value chain analysis
    • Market definition
    • Market segment analysis
    • Market size 2024
    • Market outlook: Forecast for 2024-2029
    • Global Asphalt Market 2019 - 2023
    • Product Type segment analysis 2019 - 2023
    • End-user segment analysis 2019 - 2023
    • Application segment analysis 2019 - 2023
    • Geography segment analysis 2019 - 2023
    • Country segment analysis 2019 - 2023
    • Impact Analysis of U.S. Tariffs on Global Asphalt Market
    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition
    • Market segments
    • Comparison by Product Type
    • Hot mix asphalt - Market size and forecast 2024-2029
    • Warm mix asphalt - Market size and forecast 2024-2029
    • Cold mix asphalt - Market size and forecast 2024-2029
    • Others - Market size and forecast 2024-2029
    • Market opportunity by Product Type
    • Market segments
    • Comparison by End-user
    • Non-residential construction - Market size and forecast 2024-2029
    • Residential construction - Market size and forecast 2024-2029
    • Others - Market size and forecast 2024-2029
    • Market opportunity by End-user
    • Market segments
    • Comparison by Application
    • Paving - Market size and forecast 2024-2029
    • Roofing - Market size and forecast 2024-2029
    • Waterproofing - Market size and forecast 2024-2029
    • Market opportunity by Application
    • Customer landscape overview
    • Geographic segmentation
    • Geographic comparison
    • APAC - Market size and forecast 2024-2029
    • North America - Market size and forecast 2024-2029
    • Europe - Market size and forecast 2024-2029
    • Middle East and Africa - Market size and forecast 2024-2029
    • South America - Market size and forecast 2024-2029
    • China - Market size and forecast 2024-2029
    • US - Market size and forecast 2024-2029
    • India - Market size and forecast 2024-2029
    • Japan - Market size and forecast 2024-2029
    • Indonesia - Market size and forecast 2024-2029
    • Germany - Market size and forecast 2024-2029
    • Russia - Market size and forecast 2024-2029
    • Brazil - Market size and forecast 2024-2029
    • Mexico - Market size and forecast 2024-2029
    • Saudi Arabia - Market size and forecast 2024-2029
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Impact of drivers and challenges
    • Market opportunities/restraints
    • Overview
    • Competitive Landscape
    • Landscape disruption
    • Industry risks
    • Companies profiled
    • Company ranking index
    • Market positioning of companies
    • Boral Ltd.
    • BP Plc
    • CEMEX SAB de CV
    • Chevron Corp.
    • CRH Plc
    • Exxon Mobil Corp.
    • HeidelbergCement AG
    • Marathon Petroleum Corp.
    • Owens Corning
    • Repsol SA
    • Shell plc
    • Sinopec Shanghai Petrochemical Co. Ltd.
    • TotalEnergies SE
    • Valero Energy Corp.
    • Vulcan Materials Co.
    • Scope of the report
    • Inclusions and exclusions checklist
    • Currency conversion rates for US$
    • Research methodology
    • Data procurement
    • Data validation
    • Validation techniques employed for market sizing
    • Data synthesis
    • 360 degree market analysis
    • List of abbreviations

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