Asphalt Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019
- Transparency Market Research
- Ongoing
- Construction
Report Description
Asphalt is the refined residue from
the distillation process of specific crude oils. It is primarily used in
road construction as a glue or binder and is mixed with aggregate
particles for creating asphalt concrete. The other main applications of
asphalt include production of roofing felt, bituminous waterproofing
products and sealing flat roofs among others. The global demand for
asphalt is increasing owing to the growth in the construction industry
especially in the emerging economies such as China, India and Brazil. The
application that are driving the demand for asphalt include paving
products such as asphalt cement, asphalt emulsions and cutback asphalt,
roofing products such as asphalt shingles, modified bitumen, roofing
membranes, mopping asphalts and standard asphaltic roofing felts and among
others.
The global asphalt market mainly
comprises of construction market segments such as residential buildings,
new improvement and repair and nonresidential buildings. At present,
paving products account for more than half the consumption of asphalt and
will remain the dominant application for asphalt in the coming years. The
demand for asphalt in roofing products is expected to grow consistently
owing to the rise in building construction expenditures. The residential
market will record the fastest growth as substantial gains in
single-family housing completions will trigger the demand for asphalt
shingles.
In addition, the rising use of recycled
asphalt pavement (RAP) will result in growing demand for asphalt emulsions
as emulsions are blended with old pavements to reconstruct worn highway
surfaces and repair damaged highways. In the nonresidential market
segment, increasing construction spending will spur the demand for
low-slope roofing products like roll roofing, modified bitumen membranes
and mopping asphalts. Some of the key players in the global asphalt market
are ExxonMobil, Imperial Oil, British Petroleum and Shell Bitumen among
others.
This research report analyzes this
market depending on its market segments, major geographies, and current
market trends. Geographies analyzed under this research report
include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides
comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of
current trends in the market, industry growth drivers, and restraints. It
provides market projections for the coming years. It includes analysis of
recent developments in technology, Porter’s five force model
analysis and detailed profiles of top industry players. The report also
includes a review of micro and macro factors essential for the existing
market players and new entrants along with detailed value chain
analysis.
Reasons for Buying this
Report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a technological growth map over time to understand the industry growth rate
- It provides a seven-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
- It provides distinctive graphics and exemplified SWOT analysis of major market segments
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