Press release
Worldwide Asphalt Market Share Expected to Reach Revenues of Value USD 108.8 Billion by 2026 Says StraitsResearch
Asphalt Market
Asphalt, a petroleum product, is used as a binder in the paving of roads, manufacturing of roof materials, and other specialized uses, including coatings and waterproofing applications.
The report can help to understand the market in-depth and strategize for business expansion accordingly in the future. In the strategic analysis process, it gives insights from marketing channel and market positioning to potential growth strategies, providing in-depth analysis for new entrants or exists competitors in the Asphalt Market now and in the future.
The U.S. federal government spent USD 43.5 billion on capital cost for highway infrastructure, while state and local governments spent USD 48.3 billion in 2017. The U.S. has 2.2 million miles of paved roads to show for these massive investments, and 93% of these roads are surfaced with asphalt.
Aimed to offers the most segmented consumption and sales data of downstream consumption fields and competitive landscape in various regions and countries around the globe, this report analyses the latest market data from the primary and secondary authoritative sources also.
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, with an anticipated CAGR of 5.19% during the forecast period, 2019–2026.
Market Key Drivers, Restraints, and Opportunities:
On the contrary, technological advancements are expected to open lucrative opportunities for the market players in the future.
Get Exclusive Sample of Report on Asphalt Market is Available Here @ https://straitsresearch.com/report/asphalt-market/request-sample
Global Asphalt Market is Segmented Based Segmentation and Region.
By Product Type: Hot Mix Asphalt,Warm Mix Asphalt,Cold Mix Asphalt
By Application: Roadways, Waterproofing, Recreation
By End User: Non-Residential Construction, Residential Construction
Cumulative Impact of COVID-19 on Asphalt Market:
COVID-19 is a unique global public health emergency that has affected almost every industry in the world, and the long-term effects are predicted to influence the industry growth during the estimated period. Our ongoing research amplifies our research framework to ensure the enclosure of underlying COVID-19 issues and potential paths forward.
The report delivers insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of present market forces, and the significant involvements of governments. The updated study offers market insights, industry analysis, estimations, and forecasts, considering the COVID-19 impact on the market.
Industry Updates:
Atlas Roofing, a leading manufacturer of residential and commercial building materials, added a new product called New Asphalt Shingles with HP42” Technology in its product portfolio
Do You Have Any Query Or Specific Requirement? Ask to Our Industry Expert @ https://straitsresearch.com/buy-now/asphalt-market/global/
Company Profiles of Asphalt Market:
The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global Asphalt Market, including ExxonMobil, Imperial Oil, British Petroleum, Shell Bitumen, CEMEX, Valero Energy, Marathon Petroleum, Chevron, and Royal Dutch Shell.
Reasons to Buy this Report:
Gain detailed insights on the Asphalt industry trends
Find complete analysis on the market status and value
Identify the Asphalt market opportunities and growth segments
Analyze competitive dynamics by evaluating business segments, product value & product portfolios
Facilitate strategy planning and industry dynamics to enhance market decision making
Click Here to Access the Full Report @ https://straitsresearch.com/report/asphalt-market
Table of Contents of Asphalt Market:
Study Coverage: It includes key vendors covered, key market segments, the scope of products offered in the global Flanged Heaters market, years considered, and study objectives. Additionally, it touches on the segmentation study offered in the report on the basis of the market segments.
Executive Summary: It gives an overview of key studies of industry, market growth rate, competitive landscape, key restraints, market drivers, key trends, and industry issues, swot analysis, and macroscopic indicators of the market.
Production by Region: Here, the report offers information regarding to import and export details, production, revenue, market sales, and key vendors of all regional markets studied.
Profile of Manufacturers: Every vendor profiled in this section is studied on the basis of SWOT analysis, their products, market production, value, capacity, and other vital factors.
Click Here to Access the Toc of Asphalt Market Report @ https://straitsresearch.com/report/asphalt-market/toc
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