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The global asphalt market size stood at USD 222.0 million in 2019 and is expected to reach USD 321.5 million by 2027, exhibiting a CAGR of 4.8% during the forecast period. Asphalt is also identified as bitumen, which is a black and sticky, highly viscous liquid, or a semi-solid formula of petroleum.
The asphalt additives market is projected to grow at a 5.2% CAGR during 2021-2026. The report provides critical insights and covid-19 impact analysis on market size, share, trend, forecasts, competitive landscapes, and growth opportunities.
Due to the COVID-19 pandemic, the global Petroleum Asphalt market size is estimated to be worth USD 66740 million in 2021 and is forecast to a readjusted size of USD 105650 million by 2028 with a...
Asphalt Manufacturing in the US - Market Size Updated: July 31, 2021 Purchase this report or a membership to unlock our data for this industry. 2012 2014 2016 2018 2020 2022 2024 2026 0 2,000 4,000 6,000 8,000 Market Size ($ million) Purchase this report or a membership to unlock our data for this industry. Access more trends and analysis
Asphalt Shingles Market size exceeded USD 7 billion in 2018 and is projected to grow at more than 3.8% CAGR through 2025. Rising demand for advanced roofing systems owing to changing consumer inclination towards ecological & sustainable construction methods is likely to stimulate the industry growth. The roofing material is durable in nature ...
MARKET INTRODUCTION Asphalt or bitumen is a black, sticky and highly viscous semi-solid or liquid form of petroleum. These components are found in natural deposits or may be produced as a refined product. Asphalts are also provided as a petroleum byproduct. Both asphalts and its byproduct substances are mostly soluble in carbon disulfide.
This has hampered the growth of asphalt shingles market significantly from last few months, as is likely to continue during 2020. COVID-19 has already affected the sales of equipment and machinery in the first quarter of 2020 and is likely to cause a negative impact on the market growth throughout the year. The major demand for equipment and ...
The global asphalt market was driven by the increasing construction activity in the historical period. Aided by the use of asphalt in expressways all over the world and the growing emphasis on infrastructure development, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 5.3%.
Asphalt prices. Asphalt prices are $40 to $80 per ton on average or $0.75 to $2.00 per square foot.Asphalt materials for a 2-car (24'x24') driveway cost $600 to $1,100.Asphalt prices depend on the quality, volume, delivery fees, and if it's hot-mix, cold-mix, porous, recycled, or crushed.
Asphalt Manufacturing in Tennessee - current trends and industry outlook (2017-2027) The Asphalt Manufacturing industry in Tennessee is expected to grow an annualized x.x% to $599.2 million over the five years to 2022, while the national industry will likely grow at a rate of x.x% during the same period. Industry establishments have decreased ...
Amid the COVID-19 crisis and the looming economic recession, the Asphalt market worldwide will grow by a projected 28.9 Million Tons, during the analysis period, driven by a revised compounded...
Asphalt is a dark brown complex mixture composed of hydrocarbons with different molecular weights and their non-metallic derivatives. It is a kind of high viscosity organic liquid, mostly in the ...
Rising asphalt production and increasing consumption of asphalt in North America and Europe is driving the global asphalt market growth. According to United Nations (UN) Comtrade Data, North America asphalt production was pegged at 12,140,753.44 metric tons in 2015, which was increased by 12,145,516.44 metric tons in 2016.
Asphalt prices are $40 to $80 per ton on average or $0.75 to $2.00 per square foot. Asphalt materials for a 2-car (24'x24') driveway cost $600 to $1,100. Asphalt prices depend on the quality, volume, delivery fees, and if it's hot-mix, cold-mix, porous, recycled, or crushed. Asphalt prices by unit - chart *Hot-mix asphalt material cost only.
The global asphalt market was valued at USD 72.6 billion in 2018 and is expected to reach a value of USD 108.8 billion by 2026.The global asphalt market exhibiting a CAGR of 4.7% during the forecast period. Intended Audience Product Manufacturer Government and Research Organizations Raw Material Suppliers and Distributors Potential Investors
This upcoming industry study, Asphalt, presents historical demand data (2004, 2009 and 2014) plus forecasts (2019 and 2024) by use, product, market and US region.
US demand for asphalt will rise 3.0% yearly to 27.6 million tons in 2021. Asphalt demand in highway and street applications will yield strong gains based on growth in government funding and rising highway and street construction activity. However, demand for roofing and other asphalt products will grow at a rate below the market average, a slowdown due to a high number of severe weather events ...
The global petroleum asphalt market size was USD 65290 million in 2021. The global COVID-19 pandemic has been unprecedented and staggering, with it experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels.
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 ...
Asphalt: United States Asphalt: United States This report forecasts to 2024 US asphalt demand and production in metric tons. Total demand is segmented by product in terms of: paving products such - Market research report and industry analysis - 13770608
The Global Paving Asphalt market is anticipated to rise at a considerable rate during the forecast period, between 2022 and 2028. In 2021, the market is growing at a steady rate and with the ...
Asphalt Market Overview: A New Market Study, Titled "Asphalt Market Upcoming Trends, Growth Drivers and Challenges" has been featured on fusionmarketresearch.. The Asphalt Market report is latest report published by Fusion Market Research which provides comprehensive information, overview of the demands and describe Impact of Covid-19 on the market during the forecast period 2022-2030.
The global asphalt market is segmented on the basis of type, application, and geography. The global Asphalt market is estimated to be US$ XX.X Mn in 2019 and is projected to increase significantly at a CAGR of x.x% from 2020 to 2028. Global Asphalt Market. By type, the market is segmented into Coal Tar Asphalt, Petroleum Asphalt, and Natural ...
The Asphalt Institute is the international trade association of petroleum asphalt producers, manufacturers and affiliated businesses. Training SpecificationDatabases Asphalt Magazine Asphalt Institute Foundation About Us Through education, engineering, technical development, environmental stewardship and marketing leadership, the Asphalt Institute promotes the safe use, benefits, and quality ...
This study examines global supply and demand for asphalt. Historical data (2009, 2014, and 2019) and forecasts for 2024 and 2029 are provided for asphalt demand in metric tons by region, product, net exports, and production for major countries.
The major regional markets for asphalt are North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. The major players in the industry are Aggregate Industries Ltd., Anglo American Plc, Atlas Roofing Corporation, BP Plc, Cemex, Chevron Corporation, and Exxon Mobil Corporation, among others.
Request Download Sample Ask For Discount Buy Full Report. New Jersey, USA,- The Global Asphalt Cements Market research offers Associate in Nursing intensive analysis of the market throughout the course of the projection quantity. The study includes kind of sections additional as Associate in Nursing examination of the occasions and elements that square measure presumptively to possess a heavy ...
The Global Asphalt Transfer Vehicles market is anticipated to rise at a considerable rate during the forecast period, between 2022 and 2027. In 2021, the market is growing at a steady rate...
The warm mix asphalt segment held a significant share in the asphalt modifiers market in 2020 and is growing at a CAGR of 6.1% during 2021-2026. Due to growing concern about environmental issues such as global warming and carbon footprint, the asphalt industry's incentive to minimize greenhouse gas emissions has increased.
The United States Asphalt (Bitumen) market was valued at USD million in 2020 and is projected to reach USD million by 2027, at a CAGR of % during the forecast period. QYResearch has surveyed the ...
The global asphalt pavers market was valued at USD 1.1 billion in 2019 and is expected to grow at a CAGR of 3.6% during the forecast period. The major factors driving the market growth include infrastructural development along with an increase in the number of paved roads, development of road networks in the emerging economies, strong ...
Asphalt Additives Market to Reach US$ 7.79 Bn by 2031, TMR Study September 27 2022 - 08:30PM PR Newswire (US) Increasing use of asphalt additives in various applications, including roofing,...
The recycled asphalt market was valued at $7.1 billion in 2019, and is anticipated to generate $10.4 billion by 2027. The market is projected to experience growth at a CAGR of 5.9% from 2020 to 2027. Recycled asphalt market suffered medium impact during the pandemic outbreak as the infrastructural and construction activities decreased that ...
Published by N. Sönnichsen, Sep 15, 2022. In 2021, the refinery net production of asphalt and road oil in the United States was 340 thousand barrels per day, up by roughly 6.6 percent from the ...