Asphalt is a sticky, black, and highly viscous liquid or semi-solid form of petroleum. It may be found in natural deposits or may be a refined product, and is classed as a pitch.
Market Analysis and Insights: Global Asphalt Market
Due to the COVID-19 pandemic, the global Asphalt market size is estimated to be worth US$ 161 million in 2022 and is forecast to a readjusted size of US$ 208.2 million by 2028 with a CAGR of 4.4% during the review period. Fully considering the economic change by this health crisis, Additives accounting for % of the Asphalt global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Roadways segment is altered to an % CAGR throughout this forecast period.
In terms of geographic regions, APAC accounted for the major share in the asphalt paving market in 2017. The development in the roadways sector in emerging countries such as China and India will propel the growth of the market during the forecast period.
In terms of production side, this report researches the Asphalt capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Asphalt by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Asphalt Scope and Segment
Asphalt market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Asphalt market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Additives
Mixtures
Others
Segment by Application
Roadways
Waterproofing
Others
By Company
BP
CEMEX
Exxon Mobil Corporation
Imperial Oil
Owens Corning
Shell International
Total
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E