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Global Asphalt Market Size, Share, Trends, Analysis: By Product: Asphalt Paving Mixtures and Blocks, Prepared Asphalt and Tar Roofing and Siding Products, Roofing Asphalts and Pitches, Coatings and Cement; By Asphalt Type: Hot Mix Asphalt, Others; By Application; By End User; Regional Analysis; Price Analysis; Competitive Landscape; 2024-2032
Global Asphalt Market Analysis by Region
The Asia Pacific region is the largest market, driven by the expanding construction industry. This growth is primarily fuelled by the high demand for asphalt from developing economies such as South Korea, China, and India. China, in particular, stands out as a key consumer of asphalt due to its rapidly growing population and urbanisation trends.
The Asia Pacific is witnessing substantial infrastructure development, coupled with innovative practices in the construction sector and industry consolidations. These factors are anticipated to drive the asphalt market growth in the region during the forecast period.
Asphalt Market Report Snapshots
Asphalt Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Asphalt Market Analysis
8.1 Key Industry Highlights
8.2 Global Asphalt Historical Market (2018-2023)
8.3 Global Asphalt Market Forecast (2024-2032)
8.4 Global Asphalt Market by Product
8.4.1 Asphalt Paving Mixtures and Blocks
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Prepared Asphalt and Tar Roofing and Siding Products
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Roofing Asphalts and Pitches, Coatings and Cement
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Asphalt Market by Asphalt Type
8.5.1 Hot Mix Asphalt
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Warm Mix Asphalt
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Cold Mix Asphalt
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Asphalt Market by Application
8.6.1 Roadways
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Waterproofing
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Recreation
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Others
8.7 Global Asphalt Market by End User
8.7.1 Residential
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Non-Residential
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.8 Global Asphalt Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Asphalt Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Asphalt Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Asphalt Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Asphalt Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Asphalt Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Trade Data Analysis (HS code – 271490)
14.1 Major Importing countries: by Value
14.2 Major Exporting countries: by Value
14.3 Major Importing countries: by Volume
14.4 Major Exporting countries: by Volume
15 Price Analysis
16 Market Dynamics
16.1 SWOT Analysis
16.1.1 Strengths
16.1.2 Weaknesses
16.1.3 Opportunities
16.1.4 Threats
16.2 Porter’s Five Forces Analysis
16.2.1 Supplier’s Power
16.2.2 Buyer’s Power
16.2.3 Threat of New Entrants
16.2.4 Degree of Rivalry
16.2.5 Threat of Substitutes
16.3 Key Indicators for Demand
16.4 Key Indicators for Price
17 Value Chain Analysis
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Aggregate Industries Ltd.
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Anglo American Plc
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Atlas Roofing Corporation
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 BP Plc
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 Cemex
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 Chevron Corporation
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 Exxon Mobil Corporation
18.2.7.1 Company Overview
18.2.7.2 Product Portfolio
18.2.7.3 Demographic Reach and Achievements
18.2.7.4 Certifications
18.2.8 Others
19 Key Trends and Developments in the Market
List of Figures and Tables
1. Global Asphalt Market: Key Industry Highlights, 2018 and 2032
2. Global Asphalt Historical Market: Breakup by Product (USD Million), 2018-2023
3. Global Asphalt Market Forecast: Breakup by Product (USD Million), 2024-2032
4. Global Asphalt Historical Market: Breakup by Asphalt Type (USD Million), 2018-2023
5. Global Asphalt Market Forecast: Breakup by Asphalt Type (USD Million), 2024-2032
6. Global Asphalt Historical Market: Breakup by Application (USD Million), 2018-2023
7. Global Asphalt Market Forecast: Breakup by Application (USD Million), 2024-2032
8. Global Asphalt Historical Market: Breakup by End User Sector (USD Million), 2018-2023
9. Global Asphalt Market Forecast: Breakup by End User Sector (USD Million), 2024-2032
10. Global Asphalt Historical Market: Breakup by Region (USD Million), 2018-2023
11. Global Asphalt Market Forecast: Breakup by Region (USD Million), 2024-2032
12. North America Asphalt Historical Market: Breakup by Country (USD Million), 2018-2023
13. North America Asphalt Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Europe Asphalt Historical Market: Breakup by Country (USD Million), 2018-2023
15. Europe Asphalt Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Asia Pacific Asphalt Historical Market: Breakup by Country (USD Million), 2018-2023
17. Asia Pacific Asphalt Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Latin America Asphalt Historical Market: Breakup by Country (USD Million), 2018-2023
19. Latin America Asphalt Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Middle East and Africa Asphalt Historical Market: Breakup by Country (USD Million), 2018-2023
21. Middle East and Africa Asphalt Market Forecast: Breakup by Country (USD Million), 2024-2032
22. Global Asphalt Market Structure
Key Questions Answered in the Report
The global asphalt market is projected to grow at a CAGR of 5.3% between 2024 and 2032.
The major drivers of the market include the rising uses of asphalt in roadways and pavements and the increasing adoption of emulsified asphalt along with polymer-modified asphalt.
Increasing construction activities and growing emphasis on infrastructure development are the key trends propelling the market growth.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The various products in the market are asphalt paving mixtures and blocks, prepared asphalt and tar roofing and siding products, and roofing asphalts and pitches, coatings and cement.
The different asphalt types are hot mix asphalt, warm mix asphalt, and cold mix asphalt.
The significant applications of asphalt include roadways, waterproofing, and recreation, among others.
The key players in the market are Aggregate Industries Ltd., Anglo American Plc, Atlas Roofing Corporation, BP Plc, Cemex, Chevron Corporation, and Exxon Mobil Corporation, among others.
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