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Building Asphalt-Global Market Insights and Sales Trends 2025
Synopsis
Asphalt is commonly known as bitumen, which is a black, semi-solid, and sticky form of rock oil. ltsmixture majorly contains sand, rock, and slag.Asphalt is majorly found in natural deposits or elseis a refined residue from the distillation process of particular crude oils. Asphalt is found to be avery useful material in construction of building, roads and as a waterproofing product, i.e. sealant,while making a roof due to its ability to be an excellent filler and binder. This report mainly focuses on building asphalt market.
The global Building Asphalt market size is expected to reach US$ 19090 million by 2029, growing at a CAGR of 6.0% from 2023 to 2029. The market is mainly driven by the significant applications of Building Asphalt in various end use industries. The expanding demands from the Residential Buildings and Non-residential Buildings, are propelling Building Asphalt market. Petroleum Asphalt, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Others segment is estimated at % CAGR for the next seven-year period.
Physical properties of building asphalt such as hardness, adhesion, water resistance, ductility, and high softening point are increasing the demand for building asphalt in the building sector. Rising bitumen consumption in the building industry in developing economies is expected to create lucrative opportunities for the growth of the building asphalt market. North America dominates the building asphalt market owing to increasing industrialization and urbanization and increasing penetration of various roofing applications in the region. Asia Pacific will dominate the building asphalt market during the forecast period 2023-2029 due to large-scale infrastructure development in developing countries such as China and India.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Building Asphalt, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Building Asphalt market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Building Asphalt market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Building Asphalt sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Building Asphalt covered in this report include British Petroleum, CEMEX, ExxonMobil, Imperial Oil, Shell Bitumen, Neustar, Nynas, PEMEX and Valero Energy, etc.
The global Building Asphalt market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
British Petroleum
CEMEX
ExxonMobil
Imperial Oil
Shell Bitumen
Neustar
Nynas
PEMEX
Valero Energy
Marathon Petroleum
Chevron
Royal Dutch Shell
Global Building Asphalt market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Building Asphalt market, Segment by Type:
Petroleum Asphalt
Others
Global Building Asphalt market, by Application
Residential Buildings
Non-residential Buildings
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Building Asphalt manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Building Asphalt in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Asphalt is commonly known as bitumen, which is a black, semi-solid, and sticky form of rock oil. ltsmixture majorly contains sand, rock, and slag.Asphalt is majorly found in natural deposits or elseis a refined residue from the distillation process of particular crude oils. Asphalt is found to be avery useful material in construction of building, roads and as a waterproofing product, i.e. sealant,while making a roof due to its ability to be an excellent filler and binder. This report mainly focuses on building asphalt market.
The global Building Asphalt market size is expected to reach US$ 19090 million by 2029, growing at a CAGR of 6.0% from 2023 to 2029. The market is mainly driven by the significant applications of Building Asphalt in various end use industries. The expanding demands from the Residential Buildings and Non-residential Buildings, are propelling Building Asphalt market. Petroleum Asphalt, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Others segment is estimated at % CAGR for the next seven-year period.
Physical properties of building asphalt such as hardness, adhesion, water resistance, ductility, and high softening point are increasing the demand for building asphalt in the building sector. Rising bitumen consumption in the building industry in developing economies is expected to create lucrative opportunities for the growth of the building asphalt market. North America dominates the building asphalt market owing to increasing industrialization and urbanization and increasing penetration of various roofing applications in the region. Asia Pacific will dominate the building asphalt market during the forecast period 2023-2029 due to large-scale infrastructure development in developing countries such as China and India.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Building Asphalt, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Building Asphalt market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Building Asphalt market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Building Asphalt sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Building Asphalt covered in this report include British Petroleum, CEMEX, ExxonMobil, Imperial Oil, Shell Bitumen, Neustar, Nynas, PEMEX and Valero Energy, etc.
The global Building Asphalt market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
British Petroleum
CEMEX
ExxonMobil
Imperial Oil
Shell Bitumen
Neustar
Nynas
PEMEX
Valero Energy
Marathon Petroleum
Chevron
Royal Dutch Shell
Global Building Asphalt market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Building Asphalt market, Segment by Type:
Petroleum Asphalt
Others
Global Building Asphalt market, by Application
Residential Buildings
Non-residential Buildings
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Building Asphalt manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Building Asphalt in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Building Asphalt Market Overview
1.1 Building Asphalt Product Overview
1.2 Building Asphalt Market Segment by Type
1.2.1 Petroleum Asphalt
1.2.2 Others
1.3 Global Building Asphalt Market Size by Type
1.3.1 Global Building Asphalt Market Size Overview by Type (2018-2029)
1.3.2 Global Building Asphalt Historic Market Size Review by Type (2018-2023)
1.3.3 Global Building Asphalt Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Building Asphalt Sales Breakdown by Type (2018-2023)
1.4.2 Europe Building Asphalt Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Building Asphalt Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Building Asphalt Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Building Asphalt Sales Breakdown by Type (2018-2023)
2 Global Building Asphalt Market Competition by Company
2.1 Global Top Players by Building Asphalt Sales (2018-2023)
2.2 Global Top Players by Building Asphalt Revenue (2018-2023)
2.3 Global Top Players by Building Asphalt Price (2018-2023)
2.4 Global Top Manufacturers Building Asphalt Manufacturing Base Distribution, Sales Area, Product Type
2.5 Building Asphalt Market Competitive Situation and Trends
2.5.1 Building Asphalt Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Building Asphalt Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Building Asphalt as of 2022)
2.7 Date of Key Manufacturers Enter into Building Asphalt Market
2.8 Key Manufacturers Building Asphalt Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Building Asphalt Status and Outlook by Region
3.1 Global Building Asphalt Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Building Asphalt Historic Market Size by Region
3.2.1 Global Building Asphalt Sales in Volume by Region (2018-2023)
3.2.2 Global Building Asphalt Sales in Value by Region (2018-2023)
3.2.3 Global Building Asphalt Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Building Asphalt Forecasted Market Size by Region
3.3.1 Global Building Asphalt Sales in Volume by Region (2024-2029)
3.3.2 Global Building Asphalt Sales in Value by Region (2024-2029)
3.3.3 Global Building Asphalt Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Building Asphalt by Application
4.1 Building Asphalt Market Segment by Application
4.1.1 Residential Buildings
4.1.2 Non-residential Buildings
4.2 Global Building Asphalt Market Size by Application
4.2.1 Global Building Asphalt Market Size Overview by Application (2018-2029)
4.2.2 Global Building Asphalt Historic Market Size Review by Application (2018-2023)
4.2.3 Global Building Asphalt Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Building Asphalt Sales Breakdown by Application (2018-2023)
4.3.2 Europe Building Asphalt Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Building Asphalt Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Building Asphalt Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Building Asphalt Sales Breakdown by Application (2018-2023)
5 North America Building Asphalt by Country
5.1 North America Building Asphalt Historic Market Size by Country
5.1.1 North America Building Asphalt Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Building Asphalt Sales in Volume by Country (2018-2023)
5.1.3 North America Building Asphalt Sales in Value by Country (2018-2023)
5.2 North America Building Asphalt Forecasted Market Size by Country
5.2.1 North America Building Asphalt Sales in Volume by Country (2024-2029)
5.2.2 North America Building Asphalt Sales in Value by Country (2024-2029)
6 Europe Building Asphalt by Country
6.1 Europe Building Asphalt Historic Market Size by Country
6.1.1 Europe Building Asphalt Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Building Asphalt Sales in Volume by Country (2018-2023)
6.1.3 Europe Building Asphalt Sales in Value by Country (2018-2023)
6.2 Europe Building Asphalt Forecasted Market Size by Country
6.2.1 Europe Building Asphalt Sales in Volume by Country (2024-2029)
6.2.2 Europe Building Asphalt Sales in Value by Country (2024-2029)
7 Asia-Pacific Building Asphalt by Region
7.1 Asia-Pacific Building Asphalt Historic Market Size by Region
7.1.1 Asia-Pacific Building Asphalt Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Building Asphalt Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Building Asphalt Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Building Asphalt Forecasted Market Size by Region
7.2.1 Asia-Pacific Building Asphalt Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Building Asphalt Sales in Value by Region (2024-2029)
8 Latin America Building Asphalt by Country
8.1 Latin America Building Asphalt Historic Market Size by Country
8.1.1 Latin America Building Asphalt Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Building Asphalt Sales in Volume by Country (2018-2023)
8.1.3 Latin America Building Asphalt Sales in Value by Country (2018-2023)
8.2 Latin America Building Asphalt Forecasted Market Size by Country
8.2.1 Latin America Building Asphalt Sales in Volume by Country (2024-2029)
8.2.2 Latin America Building Asphalt Sales in Value by Country (2024-2029)
9 Middle East and Africa Building Asphalt by Country
9.1 Middle East and Africa Building Asphalt Historic Market Size by Country
9.1.1 Middle East and Africa Building Asphalt Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Building Asphalt Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Building Asphalt Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Building Asphalt Forecasted Market Size by Country
9.2.1 Middle East and Africa Building Asphalt Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Building Asphalt Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 British Petroleum
10.1.1 British Petroleum Company Information
10.1.2 British Petroleum Introduction and Business Overview
10.1.3 British Petroleum Building Asphalt Sales, Revenue and Gross Margin (2018-2023)
10.1.4 British Petroleum Building Asphalt Products Offered
10.1.5 British Petroleum Recent Development
10.2 CEMEX
10.2.1 CEMEX Company Information
10.2.2 CEMEX Introduction and Business Overview
10.2.3 CEMEX Building Asphalt Sales, Revenue and Gross Margin (2018-2023)
10.2.4 CEMEX Building Asphalt Products Offered
10.2.5 CEMEX Recent Development
10.3 ExxonMobil
10.3.1 ExxonMobil Company Information
10.3.2 ExxonMobil Introduction and Business Overview
10.3.3 ExxonMobil Building Asphalt Sales, Revenue and Gross Margin (2018-2023)
10.3.4 ExxonMobil Building Asphalt Products Offered
10.3.5 ExxonMobil Recent Development
10.4 Imperial Oil
10.4.1 Imperial Oil Company Information
10.4.2 Imperial Oil Introduction and Business Overview
10.4.3 Imperial Oil Building Asphalt Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Imperial Oil Building Asphalt Products Offered
10.4.5 Imperial Oil Recent Development
10.5 Shell Bitumen
10.5.1 Shell Bitumen Company Information
10.5.2 Shell Bitumen Introduction and Business Overview
10.5.3 Shell Bitumen Building Asphalt Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Shell Bitumen Building Asphalt Products Offered
10.5.5 Shell Bitumen Recent Development
10.6 Neustar
10.6.1 Neustar Company Information
10.6.2 Neustar Introduction and Business Overview
10.6.3 Neustar Building Asphalt Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Neustar Building Asphalt Products Offered
10.6.5 Neustar Recent Development
10.7 Nynas
10.7.1 Nynas Company Information
10.7.2 Nynas Introduction and Business Overview
10.7.3 Nynas Building Asphalt Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Nynas Building Asphalt Products Offered
10.7.5 Nynas Recent Development
10.8 PEMEX
10.8.1 PEMEX Company Information
10.8.2 PEMEX Introduction and Business Overview
10.8.3 PEMEX Building Asphalt Sales, Revenue and Gross Margin (2018-2023)
10.8.4 PEMEX Building Asphalt Products Offered
10.8.5 PEMEX Recent Development
10.9 Valero Energy
10.9.1 Valero Energy Company Information
10.9.2 Valero Energy Introduction and Business Overview
10.9.3 Valero Energy Building Asphalt Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Valero Energy Building Asphalt Products Offered
10.9.5 Valero Energy Recent Development
10.10 Marathon Petroleum
10.10.1 Marathon Petroleum Company Information
10.10.2 Marathon Petroleum Introduction and Business Overview
10.10.3 Marathon Petroleum Building Asphalt Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Marathon Petroleum Building Asphalt Products Offered
10.10.5 Marathon Petroleum Recent Development
10.11 Chevron
10.11.1 Chevron Company Information
10.11.2 Chevron Introduction and Business Overview
10.11.3 Chevron Building Asphalt Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Chevron Building Asphalt Products Offered
10.11.5 Chevron Recent Development
10.12 Royal Dutch Shell
10.12.1 Royal Dutch Shell Company Information
10.12.2 Royal Dutch Shell Introduction and Business Overview
10.12.3 Royal Dutch Shell Building Asphalt Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Royal Dutch Shell Building Asphalt Products Offered
10.12.5 Royal Dutch Shell Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Building Asphalt Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Building Asphalt Industrial Chain Analysis
11.4 Building Asphalt Market Dynamics
11.4.1 Building Asphalt Industry Trends
11.4.2 Building Asphalt Market Drivers
11.4.3 Building Asphalt Market Challenges
11.4.4 Building Asphalt Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Building Asphalt Distributors
12.3 Building Asphalt Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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