Asphalt - Global Strategic Business Report

The global market for Asphalt is estimated at 150.6 Million Tons in 2023 and is projected to reach 225.9 Million Tons by 2030, growing at a CAGR of 6.0% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the asphalt market is driven by several factors, including the expanding construction sector, increasing investments in infrastructure development, and advancements in asphalt technology. The ongoing urbanization and population growth in emerging economies necessitate extensive road and highway construction to support economic activities and connectivity. Government initiatives and funding for infrastructure projects, particularly in developed regions, also bolster market demand.

Furthermore, technological advancements that lead to the development of more efficient and sustainable asphalt mixtures attract adoption across various applications. The rising focus on sustainability and environmental conservation promotes the use of recycled materials in asphalt production, further stimulating market growth. These factors collectively ensure a robust demand for asphalt, underpinning its critical role in modern infrastructure development and maintenance.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Paving Application segment, which is expected to reach 192.6 Million Tons by 2030 with a CAGR of a 6.3%. The Roofing Application segment is also set to grow at 3.8% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at 39.5 Million Tons in 2023, and China, forecasted to grow at an impressive 9.2% CAGR to reach 52.5 Million Tons by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Asphalt Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Asphalt Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Asphalt Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as Aggregate Industries Limited, Anglo American Plc, Atlas Roofing Corporation, and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (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