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report thumbnailAsphalt Market

Asphalt Market 2024-2032 Analysis: Trends, Competitor Dynamics, and Growth Opportunities

Asphalt Market by Product (Paving, Roofing, Others), by Application (Roadways, Waterproofing, Recreation, Others), by By Geography (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) Forecast 2024-2032

Jul 13 2024
Base Year: 2023
180 Pages
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Asphalt Market 2024-2032 Analysis: Trends, Competitor Dynamics, and Growth Opportunities

Key Insights

The Asphalt Market size was valued at USD 222.0 USD Million in 2023 and is projected to reach USD 314.46 USD Million by 2032, exhibiting a CAGR of 5.1 % during the forecast period. Asphalt is a hybrid material that is generally used for surfacing of roads, parking lots, airports and are used as the core for embankment dams. It is the combination of aggregates, binder, and filler in the form of paste widely used for construction, maintenance, and repairing of roads, parking areas, railway tracks, ports, airport runways, bicycle lanes, and sidewalks. The aggregates used in asphalt mixes can be rocks, sands, gravels, slags and others. It additionally serves for construction of roofing materials, waterproofing membranes, and as a sealant for the joints and cracks in pavements. Asphalt shingles are the best option for roof material, as they are made from asphalt-saturated felt with mineral granules on top.

Asphalt Market Research Report - Market Size, Growth & Forecast

Asphalt Trends

  • Growing demand for infrastructure development
  • Increasing urbanization and population growth
  • Adoption of sustainable asphalt technologies
  • Rising awareness of asphalt performance and durability

Driving Forces: What's Propelling the Asphalt Market

  • Government investments in road construction and maintenance
  • Surge in commercial and residential construction
  • Technological advancements enhancing asphalt quality and efficiency
  • Growing environmental concerns leading to adoption of sustainable solutions

Challenges and Restraints in Asphalt Market

  • Environmental regulations and restrictions
  • Fluctuating crude oil prices
  • Competition from alternative surfacing materials
  • Skilled labor shortage

Emerging Trends in Asphalt

  • Self-healing asphalt technologies
  • Permeable asphalt for stormwater management
  • Colored asphalt for aesthetic purposes
  • Electrically conductive asphalt for vehicle charging

Growth Catalysts in Asphalt Industry

Asphalt Market Growth
  • Innovations in asphalt production and application techniques
  • Government regulations mandating the use of sustainable asphalt
  • Increased focus on energy efficiency and environmental protection
  • Growing demand for high-performance asphalt in heavy-duty applications

Market Segmentation: Asphalt Analysis

Product

  • Paving
  • Roofing
  • Others

Application

  • Roadways
  • Waterproofing
  • Recreation
  • Others

Leading Players in the Asphalt Market

  • CEMEX S.A.B. de C.V. (Mexico) 
  • China Petroleum & Chemical Corporation (China)
  • Exxon Mobil Corporation (USA)  
  • Marathon Petroleum Corporation (USA)
  • Royal Dutch Shell (Netherlands)  
  • Total (France) 
  • United Refining Company (USA)
  • Boral (Australia)  
  • Valero Marketing and Supply Company (USA)
  • HEIDELBERGCEMENT AG (Germany) 
  • Other Key Players

Significant Developments in Asphalt Sector

  • Acquisitions and mergers to expand market reach and diversify product portfolio
  • Collaborations between asphalt producers and research institutions
  • Introduction of new regulations and standards for asphalt quality and performance

Comprehensive Coverage Asphalt Market Report

  • Market share analysis by region, product, and application
  • Key trends and dynamics shaping the market
  • Competitive landscape and company profiles
  • Expert insights and industry analysis
  • Forecast and projections for market growth

Regional Insight

Asphalt Market Regional Share
  • Asia-Pacific is the largest regional market for asphalt
  • North America and Europe are major consumers
  • Developing regions in South America and Africa offer significant growth potential

Consumer Side Analysis

  • Demand for high-quality asphalt from road construction and repair projects
  • Increasing awareness of sustainable and durable asphalt solutions
  • Focus on cost-effectiveness and performance

Demand Side Analysis

  • Growing urbanization and population increase asphalt demand for roadways
  • Infrastructure investment plans drive demand for asphalt in road construction
  • Rising demand for asphalt in waterproofing and roofing applications

Import And Export Analysis

  • Major asphalt exporters: China, USA, Russia
  • Major asphalt importers: India, South Korea, Brazil

Pricing Strategies

  • Pricing based on crude oil prices and transportation costs
  • Competitive pricing in fragmented markets
  • Premium pricing for high-performance and sustainable asphalt

Segmentation

Product: Paving, Roofing, Others 

Application: Roadways, Waterproofing, Recreation, Others 

Region: Asia-Pacific, North America, Europe, South America, Africa

Asphalt Market REPORT HIGHLIGHTS

AspectsDetails
Study Period 2018-2032
Base Year 2023
Estimated Year 2024
Forecast Period2024-2032
Historical Period2018-2023
Growth RateCAGR of 5.1% from 2018-2032
Segmentation
    • By Product
      • Paving
      • Roofing
      • Others
    • By Application
      • Roadways
      • Waterproofing
      • Recreation
      • Others
  • By Geography
    • By Geography
      • North America
      • Europe
      • Asia Pacific
      • Latin America
      • Middle East & Africa

Frequently Asked Questions

Table Of Content
  1. 1. Introduction
    • 1.1. Research Scope
    • 1.2. Market Segmentation
    • 1.3. Research Methodology
    • 1.4. Definitions and Assumptions
  2. 2. Executive Summary
    • 2.1. Introduction
  3. 3. Market Dynamics
    • 3.1. Introduction
      • 3.2. Market Drivers
        • 3.2.1. Exciting Initiatives by Leading Players to Fuel the Market
      • 3.3. Market Restrains
        • 3.3.1. Fluctuating Prices of Raw Material to Hinder the Market Growth
      • 3.4. Market Trends
  4. 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  5. 5. Global Asphalt Market Analysis, Insights and Forecast, 2018-2030
    • 5.1. Market Analysis, Insights and Forecast - by Product
      • 5.1.1. Paving
      • 5.1.2. Roofing
      • 5.1.3. Others
    • 5.2. Market Analysis, Insights and Forecast - by Application
      • 5.2.1. Roadways
      • 5.2.2. Waterproofing
      • 5.2.3. Recreation
      • 5.2.4. Others
    • 5.3. Market Analysis, Insights and Forecast - by Region
      • 5.3.1. By Geography
  6. 6. North America Asphalt Market Analysis, Insights and Forecast, 2018-2030
      • 6.1. Market Analysis, Insights and Forecast - By Product
        • 6.1.1 Paving
        • 6.1.2 Roofing
        • 6.1.3 Others
      • 6.2. Market Analysis, Insights and Forecast - By Application
        • 6.2.1 Roadways
        • 6.2.2 Waterproofing
        • 6.2.3 Recreation
        • 6.2.4 Others
      • 6.3. Market Analysis, Insights and Forecast - By Country/Sub-region
        • 6.3.1 United States
        • 6.3.2 Canada
        • 6.3.3 Mexico
  7. 7. Europe Asphalt Market Analysis, Insights and Forecast, 2018-2030
      • 7.1. Market Analysis, Insights and Forecast - By Product
        • 7.1.1 Paving
        • 7.1.2 Roofing
        • 7.1.3 Others
      • 7.2. Market Analysis, Insights and Forecast - By Application
        • 7.2.1 Roadways
        • 7.2.2 Waterproofing
        • 7.2.3 Recreation
        • 7.2.4 Others
      • 7.3. Market Analysis, Insights and Forecast - By Country/Sub-region
        • 7.3.1 Germany
        • 7.3.2 France
        • 7.3.3 Italy
        • 7.3.4 Spain
        • 7.3.5 Russia
        • 7.3.6 Benelux
        • 7.3.7 Nordics
        • 7.3.8 Rest of Europe
  8. 8. Asia Pacific Asphalt Market Analysis, Insights and Forecast, 2018-2030
      • 8.1. Market Analysis, Insights and Forecast - By Product
        • 8.1.1 Paving
        • 8.1.2 Roofing
        • 8.1.3 Others
      • 8.2. Market Analysis, Insights and Forecast - By Application
        • 8.2.1 Roadways
        • 8.2.2 Waterproofing
        • 8.2.3 Recreation
        • 8.2.4 Others
      • 8.3. Market Analysis, Insights and Forecast - By Country/Sub-region
        • 8.3.1 China
        • 8.3.2 India
        • 8.3.3 Japan
        • 8.3.4 South Korea
        • 8.3.5 ASEAN
        • 8.3.6 Oceania
        • 8.3.7 Rest of Asia Pacific
  9. 9. MEA Asphalt Market Analysis, Insights and Forecast, 2018-2030
      • 9.1. Market Analysis, Insights and Forecast - By Product
        • 9.1.1 Paving
        • 9.1.2 Roofing
        • 9.1.3 Others
      • 9.2. Market Analysis, Insights and Forecast - By Application
        • 9.2.1 Roadways
        • 9.2.2 Waterproofing
        • 9.2.3 Recreation
        • 9.2.4 Others
      • 9.3. Market Analysis, Insights and Forecast - By Country/Sub-region
        • 9.3.1 Middle East
        • 9.3.2 Africa
  10. 10. South America Asphalt Market Analysis, Insights and Forecast, 2018-2030
      • 10.1. Market Analysis, Insights and Forecast - By Product
        • 10.1.1 Paving
        • 10.1.2 Roofing
        • 10.1.3 Others
      • 10.2. Market Analysis, Insights and Forecast - By Application
        • 10.2.1 Roadways
        • 10.2.2 Waterproofing
        • 10.2.3 Recreation
        • 10.2.4 Others
      • 10.3. Market Analysis, Insights and Forecast - By Country/Sub-region
        • 10.3.1 Brazil
        • 10.3.2 Argentina
        • 10.3.3 Rest of South America
  11. 11. Competitive Analysis
    • 11.1. Global Market Share Analysis 2023
      • 11.2. Company Profiles
        • 11.2.1 CEMEX S.A.B. de C.V. Mexico
          • 11.2.1.1. Overview
          • 11.2.1.2. Products
          • 11.2.1.3. SWOT Analysis
          • 11.2.1.4. Recent Developments
          • 11.2.1.5. Financials (Based on Availability)
        • 11.2.2 China Petroleum & Chemical Corporation China
          • 11.2.2.1. Overview
          • 11.2.2.2. Products
          • 11.2.2.3. SWOT Analysis
          • 11.2.2.4. Recent Developments
          • 11.2.2.5. Financials (Based on Availability)
        • 11.2.3 Exxon Mobil Corporation the U.S.
          • 11.2.3.1. Overview
          • 11.2.3.2. Products
          • 11.2.3.3. SWOT Analysis
          • 11.2.3.4. Recent Developments
          • 11.2.3.5. Financials (Based on Availability)
        • 11.2.4 Marathon Petroleum Corporation the U.S.
          • 11.2.4.1. Overview
          • 11.2.4.2. Products
          • 11.2.4.3. SWOT Analysis
          • 11.2.4.4. Recent Developments
          • 11.2.4.5. Financials (Based on Availability)
        • 11.2.5 Royal Dutch Shell Netherlands
          • 11.2.5.1. Overview
          • 11.2.5.2. Products
          • 11.2.5.3. SWOT Analysis
          • 11.2.5.4. Recent Developments
          • 11.2.5.5. Financials (Based on Availability)
        • 11.2.6 Total France 
          • 11.2.6.1. Overview
          • 11.2.6.2. Products
          • 11.2.6.3. SWOT Analysis
          • 11.2.6.4. Recent Developments
          • 11.2.6.5. Financials (Based on Availability)
        • 11.2.7 United Refining Company the U.S.
          • 11.2.7.1. Overview
          • 11.2.7.2. Products
          • 11.2.7.3. SWOT Analysis
          • 11.2.7.4. Recent Developments
          • 11.2.7.5. Financials (Based on Availability)
        • 11.2.8 Boral Australia
          • 11.2.8.1. Overview
          • 11.2.8.2. Products
          • 11.2.8.3. SWOT Analysis
          • 11.2.8.4. Recent Developments
          • 11.2.8.5. Financials (Based on Availability)
        • 11.2.9 Valero Marketing and Supply Company the U.S.
          • 11.2.9.1. Overview
          • 11.2.9.2. Products
          • 11.2.9.3. SWOT Analysis
          • 11.2.9.4. Recent Developments
          • 11.2.9.5. Financials (Based on Availability)
        • 11.2.10 HEIDELBERGCEMENT AG Germany
          • 11.2.10.1. Overview
          • 11.2.10.2. Products
          • 11.2.10.3. SWOT Analysis
          • 11.2.10.4. Recent Developments
          • 11.2.10.5. Financials (Based on Availability)
        • 11.2.11 Other Key Players
          • 11.2.11.1. Overview
          • 11.2.11.2. Products
          • 11.2.11.3. SWOT Analysis
          • 11.2.11.4. Recent Developments
          • 11.2.11.5. Financials (Based on Availability)
List of Figures
  1. Figure 1: Global Asphalt Market Revenue Breakdown (USD Million, %) by Region 2023 & 2031
  2. Figure 2: Global Asphalt Market Volume Breakdown (Kilo Tons, %) by Region 2023 & 2031
  3. Figure 3: Global Asphalt Market Revenue (USD Million), by Product 2023 & 2031
  4. Figure 4: Global Asphalt Market Volume (Kilo Tons), by Product 2023 & 2031
  5. Figure 5: Global Asphalt Market Revenue Share (%), by Product 2023 & 2031
  6. Figure 6: Global Asphalt Market Volume Share (%), by Product 2023 & 2031
  7. Figure 7: Global Asphalt Market Forecast (USD Million), by Paving 2020 & 2031
  8. Figure 8: Global Asphalt Market Forecast (Kilo Tons), by Paving 2020 & 2031
  9. Figure 9: Global Asphalt Market Forecast (USD Million), by Roofing 2020 & 2031
  10. Figure 10: Global Asphalt Market Forecast (Kilo Tons), by Roofing 2020 & 2031
  11. Figure 11: Global Asphalt Market Forecast (USD Million), by Others 2020 & 2031
  12. Figure 12: Global Asphalt Market Forecast (Kilo Tons), by Others 2020 & 2031
  13. Figure 13: Global Asphalt Market Revenue (USD Million), by Application 2023 & 2031
  14. Figure 14: Global Asphalt Market Volume (Kilo Tons), by Application 2023 & 2031
  15. Figure 15: Global Asphalt Market Revenue Share (%), by Application 2023 & 2031
  16. Figure 16: Global Asphalt Market Volume Share (%), by Application 2023 & 2031
  17. Figure 17: Global Asphalt Market Forecast (USD Million), by Roadways 2020 & 2031
  18. Figure 18: Global Asphalt Market Forecast (Kilo Tons), by Roadways 2020 & 2031
  19. Figure 19: Global Asphalt Market Forecast (USD Million), by Waterproofing 2020 & 2031
  20. Figure 20: Global Asphalt Market Forecast (Kilo Tons), by Waterproofing 2020 & 2031
  21. Figure 21: Global Asphalt Market Forecast (USD Million), by Recreation 2020 & 2031
  22. Figure 22: Global Asphalt Market Forecast (Kilo Tons), by Recreation 2020 & 2031
  23. Figure 23: Global Asphalt Market Forecast (USD Million), by Others 2020 & 2031
  24. Figure 24: Global Asphalt Market Forecast (Kilo Tons), by Others 2020 & 2031
  25. Figure 25: Global Asphalt Market Revenue (USD Million), by Region 2023 & 2031
  26. Figure 26: Global Asphalt Market Volume (Kilo Tons), by Region 2023 & 2031
  27. Figure 27: Global Asphalt Market Revenue Share (%), by Region 2023 & 2031
  28. Figure 28: Global Asphalt Market Volume Share (%), by Region 2023 & 2031
  29. Figure 29: North America Asphalt Market Revenue (USD Million), by Product 2023 & 2031
  30. Figure 30: North America Asphalt Market Volume (Kilo Tons), by Product 2023 & 2031
  31. Figure 31: North America Asphalt Market Revenue Share (%), by Product 2023 & 2031
  32. Figure 32: North America Asphalt Market Volume Share (%), by Product 2023 & 2031
  33. Figure 33: North America Asphalt Market Revenue (USD Million), by Application 2023 & 2031
  34. Figure 34: North America Asphalt Market Volume (Kilo Tons), by Application 2023 & 2031
  35. Figure 35: North America Asphalt Market Revenue Share (%), by Application 2023 & 2031
  36. Figure 36: North America Asphalt Market Volume Share (%), by Application 2023 & 2031
  37. Figure 37: North America Asphalt Market Revenue (USD Million), by Country 2023 & 2031
  38. Figure 38: North America Asphalt Market Volume (Kilo Tons), by Country 2023 & 2031
  39. Figure 39: North America Asphalt Market Revenue Share (%), by Country 2023 & 2031
  40. Figure 40: North America Asphalt Market Volume Share (%), by Country 2023 & 2031
  41. Figure 41: Europe Asphalt Market Revenue (USD Million), by Product 2023 & 2031
  42. Figure 42: Europe Asphalt Market Volume (Kilo Tons), by Product 2023 & 2031
  43. Figure 43: Europe Asphalt Market Revenue Share (%), by Product 2023 & 2031
  44. Figure 44: Europe Asphalt Market Volume Share (%), by Product 2023 & 2031
  45. Figure 45: Europe Asphalt Market Revenue (USD Million), by Application 2023 & 2031
  46. Figure 46: Europe Asphalt Market Volume (Kilo Tons), by Application 2023 & 2031
  47. Figure 47: Europe Asphalt Market Revenue Share (%), by Application 2023 & 2031
  48. Figure 48: Europe Asphalt Market Volume Share (%), by Application 2023 & 2031
  49. Figure 49: Europe Asphalt Market Revenue (USD Million), by Country 2023 & 2031
  50. Figure 50: Europe Asphalt Market Volume (Kilo Tons), by Country 2023 & 2031
  51. Figure 51: Europe Asphalt Market Revenue Share (%), by Country 2023 & 2031
  52. Figure 52: Europe Asphalt Market Volume Share (%), by Country 2023 & 2031
  53. Figure 53: Asia Pacific Asphalt Market Revenue (USD Million), by Product 2023 & 2031
  54. Figure 54: Asia Pacific Asphalt Market Volume (Kilo Tons), by Product 2023 & 2031
  55. Figure 55: Asia Pacific Asphalt Market Revenue Share (%), by Product 2023 & 2031
  56. Figure 56: Asia Pacific Asphalt Market Volume Share (%), by Product 2023 & 2031
  57. Figure 57: Asia Pacific Asphalt Market Revenue (USD Million), by Application 2023 & 2031
  58. Figure 58: Asia Pacific Asphalt Market Volume (Kilo Tons), by Application 2023 & 2031
  59. Figure 59: Asia Pacific Asphalt Market Revenue Share (%), by Application 2023 & 2031
  60. Figure 60: Asia Pacific Asphalt Market Volume Share (%), by Application 2023 & 2031
  61. Figure 61: Asia Pacific Asphalt Market Revenue (USD Million), by Country 2023 & 2031
  62. Figure 62: Asia Pacific Asphalt Market Volume (Kilo Tons), by Country 2023 & 2031
  63. Figure 63: Asia Pacific Asphalt Market Revenue Share (%), by Country 2023 & 2031
  64. Figure 64: Asia Pacific Asphalt Market Volume Share (%), by Country 2023 & 2031
  65. Figure 65: MEA Asphalt Market Revenue (USD Million), by Product 2023 & 2031
  66. Figure 66: MEA Asphalt Market Volume (Kilo Tons), by Product 2023 & 2031
  67. Figure 67: MEA Asphalt Market Revenue Share (%), by Product 2023 & 2031
  68. Figure 68: MEA Asphalt Market Volume Share (%), by Product 2023 & 2031
  69. Figure 69: MEA Asphalt Market Revenue (USD Million), by Application 2023 & 2031
  70. Figure 70: MEA Asphalt Market Volume (Kilo Tons), by Application 2023 & 2031
  71. Figure 71: MEA Asphalt Market Revenue Share (%), by Application 2023 & 2031
  72. Figure 72: MEA Asphalt Market Volume Share (%), by Application 2023 & 2031
  73. Figure 73: MEA Asphalt Market Revenue (USD Million), by Country 2023 & 2031
  74. Figure 74: MEA Asphalt Market Volume (Kilo Tons), by Country 2023 & 2031
  75. Figure 75: MEA Asphalt Market Revenue Share (%), by Country 2023 & 2031
  76. Figure 76: MEA Asphalt Market Volume Share (%), by Country 2023 & 2031
  77. Figure 77: South America Asphalt Market Revenue (USD Million), by Product 2023 & 2031
  78. Figure 78: South America Asphalt Market Volume (Kilo Tons), by Product 2023 & 2031
  79. Figure 79: South America Asphalt Market Revenue Share (%), by Product 2023 & 2031
  80. Figure 80: South America Asphalt Market Volume Share (%), by Product 2023 & 2031
  81. Figure 81: South America Asphalt Market Revenue (USD Million), by Application 2023 & 2031
  82. Figure 82: South America Asphalt Market Volume (Kilo Tons), by Application 2023 & 2031
  83. Figure 83: South America Asphalt Market Revenue Share (%), by Application 2023 & 2031
  84. Figure 84: South America Asphalt Market Volume Share (%), by Application 2023 & 2031
  85. Figure 85: South America Asphalt Market Revenue (USD Million), by Country 2023 & 2031
  86. Figure 86: South America Asphalt Market Volume (Kilo Tons), by Country 2023 & 2031
  87. Figure 87: South America Asphalt Market Revenue Share (%), by Country 2023 & 2031
  88. Figure 88: South America Asphalt Market Volume Share (%), by Country 2023 & 2031
  89. Figure 89: By Geography Asphalt Market Revenue (USD Million), by Product 2023 & 2031
  90. Figure 90: By Geography Asphalt Market Volume (Kilo Tons), by Product 2023 & 2031
  91. Figure 91: By Geography Asphalt Market Revenue Share (%), by Product 2023 & 2031
  92. Figure 92: By Geography Asphalt Market Volume Share (%), by Product 2023 & 2031
  93. Figure 93: By Geography Asphalt Market Revenue (USD Million), by Application 2023 & 2031
  94. Figure 94: By Geography Asphalt Market Volume (Kilo Tons), by Application 2023 & 2031
  95. Figure 95: By Geography Asphalt Market Revenue Share (%), by Application 2023 & 2031
  96. Figure 96: By Geography Asphalt Market Volume Share (%), by Application 2023 & 2031
  97. Figure 97: By Geography Asphalt Market Revenue (USD Million), by Country 2023 & 2031
  98. Figure 98: By Geography Asphalt Market Volume (Kilo Tons), by Country 2023 & 2031
  99. Figure 99: By Geography Asphalt Market Revenue Share (%), by Country 2023 & 2031
  100. Figure 100: By Geography Asphalt Market Volume Share (%), by Country 2023 & 2031
List of Tables
  1. Table 1: Global Asphalt Market Revenue USD Million Forecast, by Product 2018 & 2031
  2. Table 2: Global Asphalt Market Volume Kilo Tons Forecast, by Product 2018 & 2031
  3. Table 3: Global Asphalt Market Revenue USD Million Forecast, by Application 2018 & 2031
  4. Table 4: Global Asphalt Market Volume Kilo Tons Forecast, by Application 2018 & 2031
  5. Table 5: Global Asphalt Market Revenue USD Million Forecast, by Region 2018 & 2031
  6. Table 6: Global Asphalt Market Volume Kilo Tons Forecast, by Region 2018 & 2031
  7. Table 7: Global Asphalt Market Revenue USD Million Forecast, by Product 2018 & 2031
  8. Table 8: Global Asphalt Market Volume Kilo Tons Forecast, by Product 2018 & 2031
  9. Table 9: Global Asphalt Market Revenue USD Million Forecast, by Application 2018 & 2031
  10. Table 10: Global Asphalt Market Volume Kilo Tons Forecast, by Application 2018 & 2031
  11. Table 11: Global Asphalt Market Revenue USD Million Forecast, by Region 2018 & 2031
  12. Table 12: Global Asphalt Market Volume Kilo Tons Forecast, by Region 2018 & 2031
  13. Table 13: Global Asphalt Market Revenue USD Million Forecast, by Product 2018 & 2031
  14. Table 14: Global Asphalt Market Volume Kilo Tons Forecast, by Product 2018 & 2031
  15. Table 15: Global Asphalt Market Revenue USD Million Forecast, by Application 2018 & 2031
  16. Table 16: Global Asphalt Market Volume Kilo Tons Forecast, by Application 2018 & 2031
  17. Table 17: Global Asphalt Market Revenue USD Million Forecast, by Country 2018 & 2031
  18. Table 18: Global Asphalt Market Volume Kilo Tons Forecast, by Country 2018 & 2031
  19. Table 19: United States Asphalt Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  20. Table 20: United States Asphalt Market Volume (Kilo Tons) Forecast, by Application 2018 & 2031
  21. Table 21: Canada Asphalt Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  22. Table 22: Canada Asphalt Market Volume (Kilo Tons) Forecast, by Application 2018 & 2031
  23. Table 23: Mexico Asphalt Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  24. Table 24: Mexico Asphalt Market Volume (Kilo Tons) Forecast, by Application 2018 & 2031
  25. Table 25: Global Asphalt Market Revenue USD Million Forecast, by Product 2018 & 2031
  26. Table 26: Global Asphalt Market Volume Kilo Tons Forecast, by Product 2018 & 2031
  27. Table 27: Global Asphalt Market Revenue USD Million Forecast, by Application 2018 & 2031
  28. Table 28: Global Asphalt Market Volume Kilo Tons Forecast, by Application 2018 & 2031
  29. Table 29: Global Asphalt Market Revenue USD Million Forecast, by Country 2018 & 2031
  30. Table 30: Global Asphalt Market Volume Kilo Tons Forecast, by Country 2018 & 2031
  31. Table 31: Germany Asphalt Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  32. Table 32: Germany Asphalt Market Volume (Kilo Tons) Forecast, by Application 2018 & 2031
  33. Table 33: France Asphalt Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  34. Table 34: France Asphalt Market Volume (Kilo Tons) Forecast, by Application 2018 & 2031
  35. Table 35: Italy Asphalt Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  36. Table 36: Italy Asphalt Market Volume (Kilo Tons) Forecast, by Application 2018 & 2031
  37. Table 37: Spain Asphalt Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  38. Table 38: Spain Asphalt Market Volume (Kilo Tons) Forecast, by Application 2018 & 2031
  39. Table 39: Russia Asphalt Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  40. Table 40: Russia Asphalt Market Volume (Kilo Tons) Forecast, by Application 2018 & 2031
  41. Table 41: Benelux Asphalt Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  42. Table 42: Benelux Asphalt Market Volume (Kilo Tons) Forecast, by Application 2018 & 2031
  43. Table 43: Nordics Asphalt Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  44. Table 44: Nordics Asphalt Market Volume (Kilo Tons) Forecast, by Application 2018 & 2031
  45. Table 45: Rest of Europe Asphalt Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  46. Table 46: Rest of Europe Asphalt Market Volume (Kilo Tons) Forecast, by Application 2018 & 2031
  47. Table 47: Global Asphalt Market Revenue USD Million Forecast, by Product 2018 & 2031
  48. Table 48: Global Asphalt Market Volume Kilo Tons Forecast, by Product 2018 & 2031
  49. Table 49: Global Asphalt Market Revenue USD Million Forecast, by Application 2018 & 2031
  50. Table 50: Global Asphalt Market Volume Kilo Tons Forecast, by Application 2018 & 2031
  51. Table 51: Global Asphalt Market Revenue USD Million Forecast, by Country 2018 & 2031
  52. Table 52: Global Asphalt Market Volume Kilo Tons Forecast, by Country 2018 & 2031
  53. Table 53: China Asphalt Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  54. Table 54: China Asphalt Market Volume (Kilo Tons) Forecast, by Application 2018 & 2031
  55. Table 55: India Asphalt Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  56. Table 56: India Asphalt Market Volume (Kilo Tons) Forecast, by Application 2018 & 2031
  57. Table 57: Japan Asphalt Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  58. Table 58: Japan Asphalt Market Volume (Kilo Tons) Forecast, by Application 2018 & 2031
  59. Table 59: South Korea Asphalt Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  60. Table 60: South Korea Asphalt Market Volume (Kilo Tons) Forecast, by Application 2018 & 2031
  61. Table 61: ASEAN Asphalt Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  62. Table 62: ASEAN Asphalt Market Volume (Kilo Tons) Forecast, by Application 2018 & 2031
  63. Table 63: Oceania Asphalt Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  64. Table 64: Oceania Asphalt Market Volume (Kilo Tons) Forecast, by Application 2018 & 2031
  65. Table 65: Rest of Asia Pacific Asphalt Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  66. Table 66: Rest of Asia Pacific Asphalt Market Volume (Kilo Tons) Forecast, by Application 2018 & 2031
  67. Table 67: Global Asphalt Market Revenue USD Million Forecast, by Product 2018 & 2031
  68. Table 68: Global Asphalt Market Volume Kilo Tons Forecast, by Product 2018 & 2031
  69. Table 69: Global Asphalt Market Revenue USD Million Forecast, by Application 2018 & 2031
  70. Table 70: Global Asphalt Market Volume Kilo Tons Forecast, by Application 2018 & 2031
  71. Table 71: Global Asphalt Market Revenue USD Million Forecast, by Country 2018 & 2031
  72. Table 72: Global Asphalt Market Volume Kilo Tons Forecast, by Country 2018 & 2031
  73. Table 73: Middle East Asphalt Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  74. Table 74: Middle East Asphalt Market Volume (Kilo Tons) Forecast, by Application 2018 & 2031
  75. Table 75: Africa Asphalt Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  76. Table 76: Africa Asphalt Market Volume (Kilo Tons) Forecast, by Application 2018 & 2031
  77. Table 77: Global Asphalt Market Revenue USD Million Forecast, by Product 2018 & 2031
  78. Table 78: Global Asphalt Market Volume Kilo Tons Forecast, by Product 2018 & 2031
  79. Table 79: Global Asphalt Market Revenue USD Million Forecast, by Application 2018 & 2031
  80. Table 80: Global Asphalt Market Volume Kilo Tons Forecast, by Application 2018 & 2031
  81. Table 81: Global Asphalt Market Revenue USD Million Forecast, by Country 2018 & 2031
  82. Table 82: Global Asphalt Market Volume Kilo Tons Forecast, by Country 2018 & 2031
  83. Table 83: Brazil Asphalt Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  84. Table 84: Brazil Asphalt Market Volume (Kilo Tons) Forecast, by Application 2018 & 2031
  85. Table 85: Argentina Asphalt Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  86. Table 86: Argentina Asphalt Market Volume (Kilo Tons) Forecast, by Application 2018 & 2031
  87. Table 87: Rest of South America Asphalt Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  88. Table 88: Rest of South America Asphalt Market Volume (Kilo Tons) Forecast, by Application 2018 & 2031
  89. Table 89: Global Asphalt Market Revenue USD Million Forecast, by Product 2018 & 2031
  90. Table 90: Global Asphalt Market Volume Kilo Tons Forecast, by Product 2018 & 2031
  91. Table 91: Global Asphalt Market Revenue USD Million Forecast, by Application 2018 & 2031
  92. Table 92: Global Asphalt Market Volume Kilo Tons Forecast, by Application 2018 & 2031
  93. Table 93: Global Asphalt Market Revenue USD Million Forecast, by Country 2018 & 2031
  94. Table 94: Global Asphalt Market Volume Kilo Tons Forecast, by Country 2018 & 2031
  95. Table 95: North America Asphalt Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  96. Table 96: North America Asphalt Market Volume (Kilo Tons) Forecast, by Application 2018 & 2031
  97. Table 97: Europe Asphalt Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  98. Table 98: Europe Asphalt Market Volume (Kilo Tons) Forecast, by Application 2018 & 2031
  99. Table 99: Asia Pacific Asphalt Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  100. Table 100: Asia Pacific Asphalt Market Volume (Kilo Tons) Forecast, by Application 2018 & 2031
  101. Table 101: Latin America Asphalt Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  102. Table 102: Latin America Asphalt Market Volume (Kilo Tons) Forecast, by Application 2018 & 2031
  103. Table 103: Middle East & Africa Asphalt Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  104. Table 104: Middle East & Africa Asphalt Market Volume (Kilo Tons) Forecast, by Application 2018 & 2031
AspectsDetails
Study Period 2018-2032
Base Year 2023
Estimated Year 2024
Forecast Period2024-2032
Historical Period2018-2023
Growth RateCAGR of 5.1% from 2018-2032
Segmentation
    • By Product
      • Paving
      • Roofing
      • Others
    • By Application
      • Roadways
      • Waterproofing
      • Recreation
      • Others
  • By Geography
    • By Geography
      • North America
      • Europe
      • Asia Pacific
      • Latin America
      • Middle East & Africa

STEP 1 - Identification of Relevant Samples Size from Population Database

Step Chart
bar chart
method chart

STEP 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

approach chart
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segemnts, product and application.

Note* : In applicable scenarios

STEP 3 - Data Sources

Primary Research

  • Web Analytics
  • Survey Reports
  • Research Institute
  • Latest Research Reports
  • Opinion Leaders

Secondary Research

  • Annual Reports
  • White Paper
  • Latest Press Release
  • Industry Association
  • Paid Database
  • Investor Presentations
approach chart

STEP 4 - Data Triangulation

Involves using different sources of information in order to increase the validity of a study

These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

Additionally after gathering mix and scattered data from wide range of sources, data is triangull- ated and correlated to come up with estimated figures which are further validated through primary mediums, or industry experts, opinion leader.
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