The Global Asphalt Market 2020 - Market Trajectory & Analytics -

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Amid the COVID-19 crisis and the looming economic recession, the Asphalt market worldwide will grow by a projected 28.9 Million Tons, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 3.2%. Paving, one of the segments analyzed and sized in this study, is forecast to grow at over 3.1% and reach a market size of 119.4 Million Tons by the end of the analysis period. An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The paving market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.

As part of the new emerging geographic scenario, the United States is forecast to readjust to a 2% CAGR. Within Europe, the region worst hit by the pandemic, Germany will add over 686.8 Thousand Tons to the region's size over the next 7 to 8 years. In addition, over 736.5 Thousand Tons worth of projected demand in the region will come from Rest of European markets. In Japan, the Paving segment will reach a market size of 6.6 Million Tons by the close of the analysis period. Blamed for the pandemic, significant political and economic challenges confront China. Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the Asphalt market. Against this backdrop and the changing geopolitical, business and consumer sentiments, the world's second largest economy will grow at 6.3% over the next couple of years and add approximately 9.4 Million Tons in terms of addressable market opportunity. Continuous monitoring for emerging signs of a possible new world order post-COVID-19 crisis is a must for aspiring businesses and their astute leaders seeking to find success in the now changing Asphalt market landscape.

Competitors identified in this market include, among others are:

  • 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
  • Nyn

Key Topics Covered:




  • 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
  • Global Competitor Market Shares
  • Asphalt Competitor Market Share Scenario Worldwide (in %): 2020 & 2029
  • Impact of Covid-19 and a Looming Global Recession




  • 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
  • Improved Equipment to Improve Productivity
  • Perpetual Pavements - New HMA Technology
  • European Warm HMA
  • 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
  • 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





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Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900