The global asphalt market grew at a CAGR of around 4% during 2014-2019. Looking forward, IMARC Group expects the market to exhibit moderate growth by 2025. Also known as bitumen, asphalt is a brown or black petroleum-like material with a consistency ranging from glassy solid to viscous liquid. It is obtained from petroleum distillation residue and manufactured at around 150 to 180 degrees Celsius. It helps minimize fuel consumption and carbon emissions from vehicles. Moreover, as it is highly durable, crack-resistant and assists in binding crushed stone and aggregates into a firm, concrete surface, it finds extensive application in the construction of roads, parking areas and driveways across the globe.
The asphalt market is experiencing growth on account of the escalating demand for asphalt shingles that are utilized for waterproofing roofs. Moreover, the rising utilization of reclaimed asphalt pavements (RAP) in parking lots, schools and playground blacktops and residential and commercial driveways is strengthening the market growth. Apart from this, its increasing application in the oil and gas industry, along with the growing need for industrial modernization, is anticipated to drive the market further.
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Asphalt Market 2020-2025 Competitive Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the global asphalt market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Aggregate Industries Ltd.
- Anglo American Plc
- Atlas Roofing Corporation
- BP Plc
- Cemex
- Chevron Corporation
- Exxon Mobil Corporation
- Imperial Oil Limited
- Owens Corning
- Petroleos de Venezuela S.A
- Royal Dutch Shell plc
- Shell International
- Total SA
- United Refining Inc.
The report has segmented the global asphalt market on the basis of product, asphalt type, application, end-use sector and region.
Breakup by Product:
- Asphalt Paving Mixtures and Blocks
- Prepared Asphalt and Tar Roofing and Siding Products
- Roofing Asphalts and Pitches, Coatings and Cement
Breakup by Asphalt Type:
- Hot Mix Asphalt
- Warm Mix Asphalt
- Cold Mix Asphalt
Breakup by Application:
- Roadways
- Waterproofing
- Recreation
- Others
Breakup by End-Use Sector:
- Non-Residential
- Residential
- Others
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
Explore full report with TOC & List of Figure: https://www.imarcgroup.com/asphalt-market
Key highlights of the report:
- Market Performance (2014-2019)
- Market Outlook (2020-2025)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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The global terrazzo flooring market is anticipated to show around a 05 % annual growth rate during the survey.Browse complete report @ https://www.marketresearchfuture.com/reports/terrazzo-flooring-market-8065Market AnalysisThe global Terrazzo flooring market is segmented into the following categories:Terrazzo flooring is segmented into epoxy terrazzo and cement-based terrazzo, based on types.The global terrazzo flooring market is divided among offices, educational institutes, residential, and others based on applications.Regional ClassificationTerrazzo flooring is getting a healthy response from around the world because it is a greener construction alternative and is empowered by various features, making it adaptable globally.
The global automotive ceramics market size is expected to gain momentum by reaching USD 2.11 billion till 2027 while exhibiting a CAGR of 5.2% between 2020 and 2027.
This is attributable to the increasing focus on producing advanced ceramics by the manufacturers across the globe during the forecast period.
The rising cases of people suffering from the novel coronavirus have not only disrupted the healthcare services but have also affected international trade and global supply chains.
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The Asphalt Market Research Report Forecast is a valuable source of insightful data for business strategists.
It provides the industry overview with recent trends, size, share, growth analysis, historical, futuristic data, revenue, demand and strategic development.The entire asphalt market has been sub-categorized into product, asphalt type, application, and end-use.
The report provides an analysis of these subsets with respect to the geographical segmentation.
This research study will keep marketer informed and helps to identify the target demographics for a product or service.Request a FREE Sample Copy of Global Asphalt Market Report with Full TOC At: https://www.valuemarketresearch.com/contact/asphalt-market/download-sampleBy ProductAsphalt Paving Mixtures and BlocksPrepared Asphalt and Tar Roofing and Siding ProductsRoofing Asphalts and Pitches, Coatings and CementBy Asphalt TypeHot Mix AsphaltWarm Mix AsphaltCold Mix AsphaltBy ApplicationRoadwaysWaterproofingRecreationOthersBy End-UseNon-ResidentialResidentialOthersThe research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the asphalt market include Aggregate Industries Ltd., Anglo American Plc, Atlas Roofing Corporation, BP Plc, Cemex, Chevron Corporation, Exxon Mobil Corporation, Imperial Oil Limited, Owens Corning, Petroleos de Venezuela S.A, Royal Dutch Shell plc, Shell International, Total SA, United Refining Inc. and others.This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers& acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.This section covers regional segmentation which accentuates on current and future demand for asphalt market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
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Latest Asphalt Market Report published by Value Market Research, it provides a comprehensive market analysis which includes market size, share, value, growth, trends during forecast period 2020-2026 along with strategic development of the key player with their market share.
Further, the market has been bifurcated into sub-segments with regional and country market with in-depth analysis.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the asphalt market include Aggregate Industries Ltd., Anglo American Plc, Atlas Roofing Corporation, BP Plc, Cemex, Chevron Corporation, Exxon Mobil Corporation, Imperial Oil Limited, Owens Corning, Petroleos de Venezuela S.A, Royal Dutch Shell plc, Shell International, Total SA, United Refining Inc. and others.This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers& acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Asphalt Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/asphalt-market/download-sampleMarket DynamicsRapid urbanization across the globe is one of the key factors driving the growth of the market.
Furthermore, asphalt serves as a more cost-effective and durable alternative to the conventionally used concrete in the construction industry.
Moreover, the increasing usage of reclaimed asphalt pavements (RAP) in residential and commercial driveways, parking lots, and schools and playground blacktops are catalyzing the market growth.
Additionally, increasing demand from the industrial sector for low-slope roofing products such as modified bitumen membranes, mopping asphalts and roll roofing is driving the growth of the market further.
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