Global Asphalt Market Share was Valued at USD 72.6 Billion in 2018 and is Projected to Reach a Value of USD 108.8 Billion by 2026 Says StraitsResearch

Asphalt Market Snapshot 2022:

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 Asphalt Market Study by StraitsResearch gives a vital tool and source to Industry stakeholders to figure out the market and other important technicalities, covering growth, market current and future opportunities, competitive scenarios, and top key trends in the Asphalt market.

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.

The new updated report by Straits Research titled, ‘Global Asphalt Market Report and Forecast 2021-2029’, gives an in-depth analysis of the global Asphalt market, evaluating the market based on its segments such as type, distribution channels, and major regions and company profiles.

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.

Get Exclusive Sample of Report on Asphalt Market is Available Here @ https://straitsresearch.com/report/asphalt-market/request-sample

The report tracks the latest upcoming trends in the industry and studies their positive impact on the overall market. It also evaluates the industry dynamics, covering the key demand, technology advancement, top industry drivers and price indicators, along with analysing the global industry based on the market segments, SWOT and Porter’s Five Forces models.

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

Impacts of COVID-19 on this Market: -

The on-going Covid-19 pandemic has overhauled numerous facets of the market. This industry research report offered financial impacts and market disturbance in the Asphalt market. It also contains an analysis of the potentially profitable industry opportunities and key challenges in the predictable future. They interviewed numerous delegates of the industry and got involved in the primary and secondary research to discuss the clients with information and strategies to fight against the market challenges amongst and after the COVID-19 pandemic.

Competitive Landscape:-

Major companies contributing in the global Asphalt market are ExxonMobil, Imperial Oil, British Petroleum, Shell Bitumen, CEMEX, Valero Energy, Marathon Petroleum, Chevron, and Royal Dutch Shell.

Geographic Analysis:-

The global Asphalt market has been spread across North America, Europe, Asia-Pacific, the Middle East and Africa, and the Rest of the World.

Do You Have Any Query Or Specific Requirement? Ask to Our Industry Expert @ https://straitsresearch.com/buy-now/asphalt-market/global/

Market Segmentation of Asphalt Market:-

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

Industry Drivers and Risks:-

The report pays special attention to factors which underwrite to the Insurance Asphalt Market growth also called as market drivers. Any variations in these market dynamics directly affect the market growth hence the report offered a future insight into important key factors that should be observed and which could be leveraged by companies, vendors, industry distributors and all stakeholders alike to their advantage. The report also offers an insight into the key challenges faced by the market and the strategies used by existing industry players to overcome or avoid these risks.

Benefits of Purchasing Asphalt Research Report: -

Client satisfaction: The team at Asphalt will assist with all research necessities and provides customized or syndicate industry report

Inimitable Expertise: Analysts will provide in-depth insights into the global Market Analysts Support: Get instant query fixed by the specialist’s pre and post-purchase of the Asphalt Market report

Assured Quality: insight slice maintains the accuracy and quality of the Market

Click Here to Access the Full Report @ https://straitsresearch.com/report/asphalt-market

Important Questions Answered in the Asphalt Industry Report:-

Which end user segment is anticipated to create profitable development
opportunities globally for the market?
How is the market probable to evolve in the
upcoming years?
What are the upcoming key trends and industry opportunities likely
to triumph the market in the future?
What innovative strategies are adopted by Asphalt
market top vendors to stay forward of the pack?
Which region is estimated to be the most lucrative
region for the market globally?
What are the key restraints affecting the development of the
global Asphalt?

Tactical Key Points Covered in Table of Content of Asphalt Market:-

Chapter 1: Basic Introduction, industry key driving force product Objective of Study and Research Scope Asphalt
Chapter 2: Exclusive Summary – the basic information of Market.
Chapter 3: Displaying the Market Dynamics- Key Drivers, Industry Trends
Chapter 4: Presenting Market Factor Analysis Porters Five Forces, Supply Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the Report Segmentation and Region
Chapter 6: Evaluating the leading industry manufacturers of Market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To estimate the market by segments, by countries and by vendors with revenue share and sales by key countries in these numerous regions.
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

Click Here to Access the Toc of Asphalt Market Report @ https://straitsresearch.com/report/asphalt-market/toc

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Worldwide Asphalt Market Share Expected to Reach Revenues of Value USD 108.8 Billion by 2026 Says StraitsResearch

https://www.openpr.com/news/2394821/worldwide-asphalt-market-share-expected-to-reach-revenues

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