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Global Asphalt Markets Report 2022-2027 - Developing Countries Spearhead Current and Future Market Growth - ResearchAndMarkets.com

The "Asphalt: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Asphalt Market to Reach 183 Million Tons by 2027

The global market for Asphalt estimated at 119.4 Million Tons in the year 2020, is projected to reach a revised size of 183 Million Tons by 2027, growing at a CAGR of 6.3% over the analysis period 2020-2027.

Paving, one of the segments analyzed in the report, is projected to record a 6.7% CAGR and reach 154.4 Million Tons by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Roofing segment is readjusted to a revised 4% CAGR for the next 7-year period.

The U.S. Market is Estimated at 32.5 Million Tons, While China is Forecast to Grow at 9.7% CAGR

The Asphalt market in the U.S. is estimated at 32.5 Million Tons in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of 38.7 Million Tons by the year 2027 trailing a CAGR of 9.9% over the analysis period 2020 to 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.8% and 5.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.7% CAGR.

Other Applications Segment to Record 5.1% CAGR

In the global Other Applications segment, USA, Canada, Japan, China and Europe will drive the 4.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of 3.6 Million Tons in the year 2020 will reach a projected size of 5 Million Tons by the close of the analysis period.

China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 24.6 Million Tons by the year 2027, while Latin America will expand at a 5.4% CAGR through the analysis period.

What`s New?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Key Topics Covered:

MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Recent Market Activity
  • Prelude
  • Outlook
  • Paving: The Dominant End-Use Application
  • Roofing: A Fast Growth End-Use Application
  • Asphalt Shingles Maintain the Lead in Residential Roofing
  • Emulsified Asphalt and Polymer Modified Asphalt to Record Fastest Growth
  • Production of Asphalt
  • Occupational Hazards Continue to Haunt Asphalt Manufacturing
  • Making Asphalt More Cost-Effective
  • Substitutes to Asphalt
  • Asphalt - Global Key Competitors Percentage Market Share in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

MARKET TRENDS & DRIVERS

  • Rapidly Expanding Road Infrastructure: A Strong Growth Driver
  • Rising Investments in Infrastructure Projects Strengthen Market Prospects
  • Developing Countries Drive Future Market Growth
  • Surge in Infrastructure Development Powers Demand Growth
  • Increasing Urbanization Worldwide Spur Demand for Improved Road Infrastructure
  • Opportunity Indicators
  • Rising Global Population Propels Demand for Housing Units and Infrastructure
  • Burgeoning Road Construction Projects Signals Growth
  • Roofing Industry Fortunes Intrinsically Tied to Construction Industry Dynamics
  • The US and Europe: Steady Growth Projected for the Matured Markets
  • Developing Countries Spearhead Current and Future Market Growth
  • Asphalt Advancements in Roofing & Pavement: Spearheading Growth
  • Paving Asphalt Advancements
  • Improved Safety and Sustainability Drive Innovations in Pavement Application
  • Nano Materials to 'Pave' the Future
  • Stiffer Pavements to Save Costs
  • Asphalt Rubber Technology: The 'Road' to Safety?
  • Porous Asphalt Pavement to Improve Storm-water Management
  • Advanced Emulsions Translates into Low Maintenance Costs
  • Improved Equipment to Improve Productivity
  • Perpetual Pavements - New HMA Technology
  • European Warm HMA
  • Superpave
  • Polymer-Modified Paving Asphalts
  • Other Paving Asphalt Advancements
  • Total Ecosolutions Develops ECO2 Warm-Mix Bitumen Products
  • Ingevity Introduces Evotherm Warm-Mix Asphalt
  • Roofing Asphalt Advancements
  • Green Trend Drives Roofing Innovations
  • Cool Roof Asphalts
  • Healthy Outlook for the Oil & Gas Industry Bodes Well for the Asphalt Market
  • Global Oil Demand & Supply Scenario: Opportunity Indicators
  • Sustainability: Need of the Hour
  • Innovative Additions to Asphalt
  • With Confluence of Factors Affecting Growth of Major Economies, the Fluctuating Global GDP Offers a Mixed Bag of Opportunities & Challenges for the Asphalt Market
  • Recycling on the Rise
  • Asphalt Roll Roofing: Faces Threat from Elastomeric Roofing
  • Advanced Processing Techniques: A Drawback?
  • Market Implications of Pricing Fluctuations
  • Supply-Chain Scenario
  • Green Revolution Spurs Eco-Friendly Manufacturing Systems
  • Soy-Based Asphalt Products to Improve Cost-Efficiency
  • Computer Technology Aids Manufacturers in Customization

FOCUS ON SELECT PLAYERS (Total 214 Featured)

  • Aggregate Industries Limited
  • Anglo American Plc
  • Atlas Roofing Corporation
  • BP Plc
  • CEMEX UK Operations Limited
  • CertainTeed Corporation
  • Colas Danmark A/S
  • CRH Plc
  • Exxon Mobil Corporation
  • GAF Materials Corporation
  • Hanson Limited
  • Nynas AB
  • Oldcastle Materials, Inc.
  • Owens Corning
  • Petroleos de Venezuela SA
  • Royal Dutch Shell plc
  • Sinopec

For more information about this report visit https://www.researchandmarkets.com/r/o41gxd

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