Asphalt Concrete Market Study Provides Latest Intelligence on Growth in 2021 and Beyond
Global Asphalt Concrete supply-demand continues to be impacted by broader developments in the chemicals sector. The new Asphalt Concrete market research report outlines the key factors that will impact production, supply, and demand during the assessment period (2018 –2028).
The study tracks Asphalt Concrete demand and sales in over 20 countries, highlighting the variance and unique set of conditions that are unique to every market. The study also analyzes the impact of COVID-19 on chemicals industry in general and Asphalt Concrete in particular.
How will Asphalt Concrete Sales Grow in 2021 and Beyond
The Asphalt Concrete industry report tracks short-term and long-term growth, offering readers analysis they can use immediately to formulate their strategies.
Overall, demand for Asphalt Concrete will be heavily influenced by broader developments in the chemicals sector. The Chemical Activity Barometer has shown a stable streak, which is indicative of an ascendancy in US chemicals sector. However, the US chemicals sector growth will depend to a large extent on how end-use industries fare.
Traditionally, demand from automotive sector has been key to chemical demand. The US automotive sector is set to recover in 2021 with sales expected to be in the range of 15.5 million to 16 million.
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Housing is another key demand generator for chemicals sector. The record low mortgage rates have led to momentum in the US housing sector, but it will remain to be seen whether an increase subdues the enthusiasm.
The European chemical sector is also set to recover in 2021, after contracting by 2% in 2020. Recovery is likely to be sustained with a growth of 2% also expected in 2022.
Growth of chemicals sector in Asia Pacific will also contribute to overall recovery. The resurgence of a virulent variant in India has taken the sheen away from the recovery made in 2021, but other economies in the region continue to be on the path to recovery.
The chemical sector in Japan and South Korea is also shifting toward use of green chemicals. Regulation, combined with evolving demand of end-users, is creating a market scenario that is conducive to green chemicals.
Asphalt Concrete Market: Segmentation
The global asphalt concrete market is segmented on the basis of its application, form and its end use.
The global asphalt concrete market can be segmented on the basis of its applications:
- Base course
- Binder course
- Surface course
The global asphalt market can be segmented on the basis of its product form:
The global asphalt market can be segmented on the basis of its end use:
- Roadways
- Railway Beds
- Airport runways
- Parking lots
- Embankment Dams
- Tunnels
- Bridges
- Playgrounds
Competitive Landscape
The Fact.MR study profiles the business, product and other key strategies of the leading Asphalt Concrete companies in detail. The competitive landscape section of the study tracks market leaders, incumbents, and aspirants, laying out a layered information model that readers can use. Some of the leading companies in the Asphalt Concrete market include (Roadstone Ltd., Lafarge,Tiki Tar Industries, Jurgensen Companies)
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Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
- CIS and Russia
- Asia-Pacific (China, India, ASEAN, South Korea)
- Japan
- Middle East and Africa (GCC Countries, South Africa,
- Turkey, Iran, Israel)
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