Press release
South Africa Asphalt Market Set to Experience a Massive 5.7% CAGR During 2023-2028
How big is the South Africa asphalt market?
The South Africa asphalt market is expected to exhibit a growth rate (CAGR) of 5.7% during 2023-2028.
Request a Free PDF Sample of the Report: https://www.imarcgroup.com/south-africa-asphalt-market/requestsample
What is asphalt?
Asphalt, also called bitumen, represents a sticky, black, and highly viscous semi-solid or liquid hydrocarbon material that is extracted from petroleum distillation residue. Some common varieties of bitumen include penetration grade, cutback, modified, emulsions, etc. Asphalt is utilized as a binding agent in constructing roads, parking areas, pavements, etc. It assists in minimizing fuel consumption, improving vehicular performance, enhancing road safety, etc., by ensuring a better grip to the wheels. Asphalt is also widely used as an adhesive, sealant, and waterproofing agent across the residential, commercial, and industrial sectors.
South Africa Asphalt Market Trends:
The rising number of construction activities and elevating urbanization levels are among the primary factors driving the South Africa asphalt market. In line with this, the shifting preferences towards bitumen-based materials, owing to their higher durability, improved binding properties, etc., are further catalyzing the market growth. Moreover, the increasing utilization of asphalt in the maintenance of highways, runways, pavements, etc., is acting as another significant growth-inducing factor. Besides this, the emerging trends of modern housing architecture and remodeling of existing infrastructures are propelling the demand for asphalt for sealing carpet tile backing, pipe coatings, paints, etc. Additionally, the rising popularity of numerous innovative product variants, such as emulsified asphalt and polymer modified asphalt, is anticipated to fuel the South Africa asphalt market in the coming years.
Who are the key players operating in the industry?
The report covers the major market players including:
Actop
Caltex Asphalt
Engen Refineries
National Asphalt Company
Natref Refinery
Mosal Bay GTF Refinery
SAPREF
Sasol Ltd.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product:
Paving
Roofing
Others
Breakup by Application:
Roadways
Waterproofing
Coatings
Recreation
Others
Breakup by Type:
Penetration Grade
Cutback
Modified
Emulsions
Ask Analyst for Customization and Explore full Report with TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=3976&flag=E
Key Highlights of the Report:
Market Performance (2017-2022)
Market Outlook (2023-2028)
Market Trends
Market Drivers and Success Factors
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
Contact Us:
IMARC Group
30 N Gould St Ste R
Sheridan, WY 82801 USA - Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas: - +1 631 791 1145 | Africa and Europe: - +44-702-409-7331 | Asia: +91-120-433-0800
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release South Africa Asphalt Market Set to Experience a Massive 5.7% CAGR During 2023-2028 here
News-ID: 3219014 • Views: …
More Releases from IMARC Group
How Is the Frozen Food Market Growing with Expanding Retail and E-Commerce Chann …
MARKET OVERVIEW
The global frozen food market size reached USD 261.9 Billion in 2024 and is projected to reach USD 360 Billion by 2033, growing at a CAGR of 3.59% during the forecast period of 2025-2033. Factors such as rising consumer focus on health and wellness, expanding e-commerce, advancements in logistics and preservation technologies, and growing demand for convenience are driving the market.
STUDY ASSUMPTION YEARS
• Base Year: 2024
• Historical Year/Period: 2019-2024
• Forecast Year/Period:…
Setting up a Magnet Manufacturing Plant Cost Report 2025: Business Plan, Infrast …
Introduction
A magnet is a material or object that produces a magnetic field, enabling it to attract ferromagnetic materials such as iron, nickel, and cobalt. Magnets are broadly classified into permanent magnets, which retain their magnetic properties without external power, and electromagnets, which generate magnetism through electric current. The strength and durability of magnets depend on their material composition, commonly including neodymium, samarium-cobalt, alnico, and ferrite. These materials are engineered to…
India Vegan Food Market Size, Share & Growth Forecast by 2033
MARKET OVERVIEW
The India vegan food market size was USD 1,468.3 Million in 2024 and is projected to reach USD 3,822.3 Million by 2033, with a CAGR of 10% during the 2025-2033 forecast period. The market growth is driven by increasing health awareness about plant-based diets, a rising vegan population, and improved accessibility of vegan products. For more detailed insights, visit the India Vegan Food Market report.
STUDY ASSUMPTION YEARS
➤ Base Year:…
Europe telehealth market to grow from USD 5.7 Billion in 2024 to USD 23.4 Billio …
Market Overview
The Europe telehealth market was valued at USD 5.7 Billion in 2024 and is projected to reach USD 23.4 Billion by 2033, exhibiting a CAGR of 17.1% during the forecast period from 2025 to 2033. This growth is driven by rising demand for remote healthcare services, expanding aging populations, continuous innovations in digital health technologies, higher adoption of smartphones and wearables, government support, and the need for cost-effective healthcare…
More Releases for Africa
ONShine Africa Awareness Expands Through ONSAFX and Develop Africa Partnership
ONSA FX, a forex broker licensed by South Africa's Financial Sector Conduct Authority (FSCA), is extending its social impact through a strategic partnership with Develop Africa, under the umbrella of its social responsibility platform, ONShine Africa. This collaboration focuses on delivering critical educational support to children across Africa and reinforcing ONSA FX's commitment to sustainable development through long-term, values-based initiatives.
Develop Africa is a respected nonprofit organization founded in 2006 with…
Zetu Africa: Designing a Sustainable Future for Education Across Africa
In the heart of Kampala, Uganda, lies a bustling hub of creativity and purpose: Zetu Africa [https://www.zetuafrica.org/]. This award-winning design company has garnered acclaim not only for its stunning products but also for its unwavering commitment to social and environmental impact. At the core of Zetu's ethos is the belief that design can be a powerful force for positive change, and this belief is reflected in everything they do.
Image: https://www.abnewswire.com/uploads/83a984ca8ea183848376ae0ab0fea376.jpg
The…
Buildexpo Africa – Largest building and construction exhibition returns to Eas …
Buildexpo Africa is the only show with the widest range of the latest technology in building material, mining machines, construction machinery and heavy equipment. At the latest edition of Buildexpo, East Africa's largest building and construction fair, we bring you exhibitors from over 40 countries who are the finest in infrastructure development.
Find what suits you best from about 14.3 million business prospects during the three-day event, with over 10,000 products,…
South Africa Agriculture Market, South Africa Agriculture Industry, South Africa …
The South Africa has a market-oriented agricultural economy, which is much diversified and includes the production of all the key grains (except rice), deciduous, oilseeds, and subtropical fruits, sugar, wine, citrus, and most vegetables. Livestock production includes sheep, cattle, dairy, and a well-developed poultry & egg industry. Value-added activities in the agriculture sector include processing & preserving of fruit and vegetables, crushing of oilseeds, chocolate, slaughtering, processing & preserving of…
Wellness Tourism Market 2019 Future Growth with Worldwide Players: Africawellnes …
Wellness Tourism Market 2019 Industry Research Report provides a detailed Global Wellness Tourism Industry overview along with the analysis of industry’s favorable growth opportunities, the advent of flexible packaging is likely to dampen the market’s growth to an extent. Nevertheless, the increasing number of manufacturers, high demand for management applications, growth of residential & commercial sector and superior strength & corrosion resistance property.
Get Sample Copy of this Report -https://www.orianresearch.com/request-sample/904685
Market Overview:…
Vizocom Selects iSAT Africa as Its Africa C-band Partner
Vizocom, a leading global provider of satellite services, announced today that it has signed a partnership agreement with iSAT Africa to cooperate in providing satellite services and solutions.
Sharjah, UAE, March 02, 2016 -- Vizocom, a leading global provider of satellite services, announced today that it has signed a partnership agreement with iSAT Africa to cooperate in providing satellite services and solutions such as data solutions including C-band VSAT services and…
