Global Asphalt Market Forecast to Grow at 4% CAGR Over the Period 2014-2019

Research and Markets has announced the addition of the "Global Asphalt Market 2015-2019" report to their offering.

The Global Asphalt market to grow at a CAGR of 4% over the period 2014-2019

Asphalt is a binder and filler; it is a refined residue obtained from the distillation process of some specific petroleum-refined crude oils. It is primarily used in road construction for binding and is normally mixed with aggregate particles for creating asphalt concrete. The aggregate particles used in asphalt mixtures mainly consist of rock, sand, gravel, or slag. Asphalt finds its application in a variety of areas such as paving, roofing, and waterproof sealing.

Increased recycling rates is one of the major trends upcoming in the market. Asphalt is the most recycled product in the Americas with a recycling rate of 80 percent. The rising popularity of RAP along with the need to reduce the cost and wastage of materials is resulting in increased recycling rates.

According to the report, one of the main factors driving the growth of the market is the huge increase in traffic that requires the construction of new roads and the maintenance of existing ones. Asphalt is preferred for road construction because of its benefits such as long life under any traffic volumes, infrequent maintenance, value for money, smooth ride, 100 percent recyclability, and reduced noise levels.

Further, the report states that the market is facing some environmental and sustainability issues. Asphalt poses a significant environmental hazard and has potentially alarming effects, which acts as a major challenge for the Asphalt industry.

Key Vendors

  • BP
  • ExxonMobil
  • Imperial Oil
  • Royal Dutch Shell

Other Prominent Vendors

  • Aggregate Industries
  • Akzo Nobel
  • Anglo American
  • Atlas Roofing

Key Topics Covered:

  1. Executive Summary
  2. List of Abbreviations
  3. Scope of the Report
  4. Market Research Methodology
  5. Introduction
  6. Market Landscape
  7. Market Segmentation by Application
  8. Market Segmentation by End-users
  9. Geographical Segmentation
  10. Key Leading Countries
  11. Buying Criteria
  12. Market Growth Drivers
  13. Drivers and their Impact
  14. Market Challenges
  15. Impact of Drivers and Challenges
  16. Market Trends
  17. Trends and their Impact
  18. Vendor Landscape
  19. Key Vendor Analysis

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