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Asphalt Market Size to Grow by USD 32.89 mn | BP Plc and CEMEX SAB de CV Among Key Vendors | Technavio

Technavio (PRNewsfoto/Technavio)

News provided by

Technavio

May 12, 2022, 10:30 ET

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NEW YORK, May 12, 2022 /PRNewswire/ --

Asphalt Market Facts at a Glance-

Technavio has announced its latest market research report titled Asphalt Market by Application, End-user, and Geography - Forecast and Analysis 2021-2025
Technavio has announced its latest market research report titled Asphalt Market by Application, End-user, and Geography - Forecast and Analysis 2021-2025
  • Companies: 10+ – Including BP Plc, CEMEX SAB de CV, Chevron Corp., China Petroleum and Chemical Corp., Exxon Mobil Corp., Marathon Petroleum Corp., Owens Corning, Royal Dutch Shell Plc, TotalEnergies SE, and United Refining Co., among others.
  • Coverage: Key drivers, trends, and challenges; Product insights & news; Value chain analysis; Parent market analysis; Vendor landscape
  • Segments: End-user (non-residential construction, residential construction, and others), application (roadways, waterproofing, recreation, and others)
  • Geographies: APAC, North America, Europe, MEA, and South America

To understand more about Market Dynamics. Download our sample report

The "Asphalt Market by End User (non-residential construction, residential construction, and others), Application (roadways, waterproofing, recreation, and others), and Geographic (APAC, North America, Europe, MEA, and South America) - Forecast and Analysis 2021-2025" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the asphalt market between 2020 and 2025 is USD 32.89 mn.

Vendor Insights-

The asphalt market is fragmented, and the vendors are deploying growth strategies such as extensive sales and distribution networks across the world to compete in the market. The key offerings of some of the vendors are listed below:

  • BP Plc - The company offers asphalt under the brand name bp asphalt.
  • CEMEX SAB de CV - The company offers asphalt for applications including car parks, cycle and footpaths, driveways and housing, flood prevention, highways and roads, industrial and commercial, sports and leisure, and utilities.
  • Chevron Corp. - The company offers asphalt under the product supply and trading operations line.

Find additional highlights on the vendors and their product offerings. Download a Sample Report

Regional Market Outlook

The asphalt market share growth in APAC will be significant during the forecast period. China, Japan, and India are the key markets in the region. The increasing investments in road and highway infrastructure projects will drive the asphalt market growth in APAC during the forecast period.

Download our sample report for more key highlights on the regional market share of most of the above-mentioned countries.

Latest Drivers & Trends in the Market-

  • Asphalt Market Driver:
    • Increasing investments in road and highway infrastructure projects:

Asphalt is preferred in road and highway construction owing to its significant strength and durability, thermoplastic nature, and waterproofing properties. The increasing investments in road and highway infrastructure projects are driving the growth of the global asphalt market. For instance, during 2017-2018, the average national highway construction in India was recorded at a new record of approximately 27-28 kilometers per day.

  • Asphalt Market Trend:
    • Growing petroleum refining:

Asphalt is a derivative of crude oil. It is generally produced during petroleum refining. The increase in petroleum refining ensures an uninterrupted supply of asphalt in the near future. The US is a global leader in terms of liquid fuel consumption. Moreover, the global liquid fuel consumption grew at an annual rate of 1.58% during 2014-2018 and is expected to grow at a rapid rate during the forecast period.

Find additional information about various other market Drivers & Trends mentioned in our sample report.

Didn't Find What You Were Looking For? Customize Report-

Don't miss out on the opportunity to speak to our analyst and know more insights about this market report. Our analysts can also help you customize this report according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

We offer customization at the time of purchase. Speak to our Analyst now!

Here are Some Similar Topics-

Concrete Admixtures Market by Application and Geography - Forecast and Analysis 2022-2026

Construction Materials Market by Product and Geography - Forecast and Analysis 2022-2026

Asphalt Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 4.78%

Market growth 2021-2025

USD 32.89 million

Market structure

Fragmented

YoY growth (%)

4.06

Regional analysis

APAC, North America, Europe, MEA, South America, APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 44%

Key consumer countries

China, US, Japan, Germany, and India

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

BP Plc, CEMEX SAB de CV, Chevron Corp., China Petroleum and Chemical Corp., Exxon Mobil Corp., Marathon Petroleum Corp., Owens Corning, Royal Dutch Shell Plc, TotalEnergies SE, and United Refining Co.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis for construction materials

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
  • 3.4 Market outlook: Forecast for 2020 - 2025
    • Exhibit 06: Global - Market size and forecast 2020 - 2025 (million tons)
    • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 08: Five forces analysis 2020 & 2025
  • 4.2 Bargaining power of buyers
    • Exhibit 09: Bargaining power of buyers
  • 4.3 Bargaining power of suppliers
    • Exhibit 10: Bargaining power of suppliers
  • 4.4 Threat of new entrants
    • Exhibit 11: Threat of new entrants
  • 4.5 Threat of substitutes
    • Exhibit 12: Threat of substitutes
  • 4.6 Threat of rivalry
    • Exhibit 13: Threat of rivalry
  • 4.7 Market condition
    • Exhibit 14: Market condition - Five forces 2020

5 Market Segmentation by Application

  • 5.1 Market segments
    • Exhibit 15: Application - Market share 2020-2025 (%)
  • 5.2 Comparison by Application
    • Exhibit 16: Comparison by Application
  • 5.3 Roadways - Market size and forecast 2020-2025
    • Exhibit 17: Roadways - Market size and forecast 2020-2025 (million tons)
    • Exhibit 18: Roadways - Year-over-year growth 2020-2025 (%)
  • 5.4 Waterproofing - Market size and forecast 2020-2025
    • Exhibit 19: Waterproofing - Market size and forecast 2020-2025 (million tons)
    • Exhibit 20: Waterproofing - Year-over-year growth 2020-2025 (%)
  • 5.5 Recreation - Market size and forecast 2020-2025
    • Exhibit 21: Recreation - Market size and forecast 2020-2025 (million tons)
    • Exhibit 22: Recreation - Year-over-year growth 2020-2025 (%)
  • 5.6 Others - Market size and forecast 2020-2025
    • Exhibit 23: Others - Market size and forecast 2020-2025 (million tons)
    • Exhibit 24: Others - Year-over-year growth 2020-2025 (%)
  • 5.7 Market opportunity by Application
    • Exhibit 25: Market opportunity by Application

6 Market Segmentation by End-user

  • 6.1 Market segments
    • Exhibit 26: End user - Market share 2020-2025 (%)
  • 6.2 Comparison by End user
    • Exhibit 27: Comparison by End user
  • 6.3 Non-residential construction - Market size and forecast 2020-2025
    • Exhibit 28: Non-residential construction - Market size and forecast 2020-2025 (million tons)
    • Exhibit 29: Non-residential construction - Year-over-year growth 2020-2025 (%)
  • 6.4 Residential construction - Market size and forecast 2020-2025
    • Exhibit 30: Residential construction - Market size and forecast 2020-2025 (million tons)
    • Exhibit 31: Residential construction - Year-over-year growth 2020-2025 (%)
  • 6.5 Others - Market size and forecast 2020-2025
  • 6.6 Market opportunity by End user
    • Exhibit 34: Market opportunity by End user

7 Customer landscape

8 Geographic Landscape

  • 8.1 Geographic segmentation
    • Exhibit 36: Market share by geography 2020-2025 (%)
  • 8.2 Geographic comparison
    • Exhibit 37: Geographic comparison
  • 8.3 APAC - Market size and forecast 2020-2025
    • Exhibit 38: APAC - Market size and forecast 2020-2025 (million tons)
    • Exhibit 39: APAC - Year-over-year growth 2020-2025 (%)
  • 8.4 North America - Market size and forecast 2020-2025
    • Exhibit 40: North America - Market size and forecast 2020-2025 (million tons)
    • Exhibit 41: North America - Year-over-year growth 2020-2025 (%)
  • 8.5 Europe - Market size and forecast 2020-2025
    • Exhibit 42: Europe - Market size and forecast 2020-2025 (million tons)
    • Exhibit 43: Europe - Year-over-year growth 2020-2025 (%)
  • 8.6 MEA - Market size and forecast 2020-2025
    • Exhibit 44: MEA - Market size and forecast 2020-2025 (million tons)
    • Exhibit 45: MEA - Year-over-year growth 2020-2025 (%)
  • 8.7 South America - Market size and forecast 2020-2025
    • Exhibit 46: South America - Market size and forecast 2020-2025 (million tons)
    • Exhibit 47: South America - Year-over-year growth 2020-2025 (%)
  • 8.8 Key leading countries
    • Exhibit 48: Key leading countries
  • 8.9 Market opportunity by geography
    • Exhibit 49: Market opportunity by geography (million tons)

9 Drivers, Challenges, and Trends

  • 9.1 Market drivers
  • 9.2 Market challenges
    • Exhibit 50: Impact of drivers and challenges
  • 9.3 Market trends

10 Vendor Landscape

  • 10.1 Overview
  • 10.2 Vendor landscape
    • Exhibit 51: Vendor landscape
  • 10.3 Landscape disruption
    • Exhibit 52: Landscape disruption
    • Exhibit 53: Industry risks

11 Vendor Analysis

  • 11.1 Vendors covered
    • Exhibit 54: Vendors covered
  • 11.2 Market positioning of vendors
    • Exhibit 55: Market positioning of vendors
  • 11.3 BP Plc
    • Exhibit 56: BP Plc - Overview
    • Exhibit 57: BP Plc - Business segments
    • Exhibit 58: BP Plc – Key news
    • Exhibit 59: BP Plc - Key offerings
    • Exhibit 60: BP Plc - Segment focus
  • 11.4 CEMEX SAB de CV
    • Exhibit 61: CEMEX SAB de CV - Overview
    • Exhibit 62: CEMEX SAB de CV - Product and service
    • Exhibit 63: CEMEX SAB de CV – Key news
    • Exhibit 64: CEMEX SAB de CV - Key offerings
  • 11.5 Chevron Corp.
    • Exhibit 65: Chevron Corp. - Overview
    • Exhibit 66: Chevron Corp. - Business segments
    • Exhibit 67: Chevron Corp. – Key news
    • Exhibit 68: Chevron Corp. - Key offerings
    • Exhibit 69: Chevron Corp. - Segment focus
  • 11.6 China Petroleum and Chemical Corp.
    • Exhibit 70: China Petroleum and Chemical Corp. - Overview
    • Exhibit 71: China Petroleum and Chemical Corp. - Business segments
    • Exhibit 72: China Petroleum and Chemical Corp. - Key offerings
    • Exhibit 73: China Petroleum and Chemical Corp. - Segment focus
  • 11.7 Exxon Mobil Corp.
    • Exhibit 74: Exxon Mobil Corp. - Overview
    • Exhibit 75: Exxon Mobil Corp. - Business segments
    • Exhibit 76: Exxon Mobil Corp. – Key news
    • Exhibit 77: Exxon Mobil Corp. - Key offerings
    • Exhibit 78: Exxon Mobil Corp. - Segment focus
  • 11.8 Marathon Petroleum Corp.
    • Exhibit 79: Marathon Petroleum Corp. - Overview
    • Exhibit 80: Marathon Petroleum Corp. - Business segments
    • Exhibit 81: Marathon Petroleum Corp. – Key news
    • Exhibit 82: Marathon Petroleum Corp. - Key offerings
    • Exhibit 83: Marathon Petroleum Corp. - Segment focus
  • 11.9 Owens Corning
    • Exhibit 84: Owens Corning - Overview
    • Exhibit 85: Owens Corning - Business segments
    • Exhibit 86: Owens Corning – Key news
    • Exhibit 87: Owens Corning - Key offerings
    • Exhibit 88: Owens Corning - Segment focus
  • 11.10 Royal Dutch Shell Plc
    • Exhibit 89: Royal Dutch Shell Plc - Overview
    • Exhibit 90: Royal Dutch Shell Plc - Business segments
    • Exhibit 91: Royal Dutch Shell Plc – Key news
    • Exhibit 92: Royal Dutch Shell Plc - Key offerings
    • Exhibit 93: Royal Dutch Shell Plc - Segment focus
  • 11.11 TotalEnergies SE
    • Exhibit 94: TotalEnergies SE - Overview
    • Exhibit 95: TotalEnergies SE - Business segments
    • Exhibit 96: TotalEnergies SE – Key news
    • Exhibit 97: TotalEnergies SE - Key offerings
    • Exhibit 98: TotalEnergies SE - Segment focus
  • 11.12 United Refining Co.
    • Exhibit 99: United Refining Co. - Overview
    • Exhibit 100: United Refining Co. - Product and service
    • Exhibit 101: United Refining Co. - Key offerings

12 Appendix

  • 12.1 Scope of the report
  • 12.2 Currency conversion rates for US$
    • Exhibit 102: Currency conversion rates for US$
  • 12.3 Research methodology
    • Exhibit 103: Research Methodology
    • Exhibit 104: Validation techniques employed for market sizing
    • Exhibit 105: Information sources
  • 12.4 List of abbreviations
    • Exhibit 106: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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