Continue As A Guest
Updata
Hey! Thank you so much for your support and quality posts for V Show!
And congratulations on becoming our Vipon Associated Editor.
From now on, in addition to getting 10 points for each post (up to 30 points daily), we will regularly review each of your articles, and each approved article (tagged with Featured label) will be paid an additional $50.
Note: Not all articles you posted will get $50, only those that meet our requirements will be paid, and articles or contents that do not meet the requirements will be removed.
Please continue to produce high quality content for organic likes. Our shoppers love seeing your stories & posts!
Congratulations! Your V SHOW post Planting Tips has become our Featured content, we will pay $50 for this post. Please check on your balance. Please continue to produce high quality original content!
The global asphalt market is expected to gain traction from the ongoing technological advancements taking place in the mixing plants. Besides, several manufacturers are focusing on developing state-of-the-art solutions to fulfill industry requirements and consumer demand worldwide. This information is given by Fortune Business Insights™ in a recently published report, titled, “Asphalt Market Size, Share & Industry Analysis, By Product (Paving, Roofing, and Others), By Application (Roadways, Waterproofing, Recreation, and Others), and Regional Forecast, 2020-2027.” The report further mentions that the asphalt market size stood at USD 222.0 million in 2019 and is expected to reach USD 321.5 million by 2027, exhibiting a CAGR of 4.8% during the forecast period.
Get a Sample PDF Report: https://www.fortunebusinessinsights.com/enquiry/sample/asphalt-market-102998
Fortune Business Insights™ presents a list of all the asphalt manufacturers operating in the global market. They are as follows:
Drivers & Restraints-
Rising Need for Protecting Buildings from Harsh Weather to Drive Growth
The frequently changing climatic conditions are affecting the infrastructures. Hence, consumers are becoming more aware of the same. Apart from this, the rising concerns about global warming are starting to influence several consumers to use novel technologies for preventing the structures from extreme weather conditions. It is, in turn, resulting in the high demand for roofing to protect new and aging structures. Asphalt is nowadays increasingly utilized in applications such as waterproofing and recreation. Waterproofing is necessary for avoiding dampness, leakages, decay, molds, and mildew in buildings. However, many people are gradually inclining towards cement roadways from bitumen roads. It may hamper the asphalt market growth in the coming years.
Asphalt is also identified as bitumen, which is a black and sticky, highly viscous liquid, or a semi-solid formula of petroleum. It is found in the natural deposit or can be used as a refined product that is classed as a pitch. The major application of this substance is roadways construction, where it is used as a binder that is mixed with aggregate elements to produce concrete. It is used for other paved parts such as airport runways, footways, and car parks. Also, the product is used in bituminous waterproofing, which includes producing roofing felt and sealing of flat roofs. Bitumen production is according to the requirements of the end-use, which is achieved either by blending or refining. Some other applications include sealing and insulating for a variety of building materials, such as carpet tile backing, pipe coatings, and paint.
Segment-
Roadway Segment to Dominate Fueled by Expansion of Construction Industry
In terms of application, the market is segregated into recreation, waterproofing, roadways, and others. Amongst these, the recreation segment generated 17.4% in 2019 in terms of asphalt market share. This growth is attributable to the rising population worldwide. The roadways segment is anticipated to dominate stoked by the expansion of the construction industry. However, owing to the present pandemic, the construction industry may decline in 2020, but start growing once again in the forthcoming years.
This Report Answers the Following Questions:
Regional Analysis-
Asia Pacific to Remain at the Forefront Stoked by Rapid Urbanization
Asia Pacific is set to grow considerably in the coming years because of the presence of a well-established construction sector in this region. The developing nations, such as India, China, and South Korea are the major contributors to growth. Industry consolidations and rapid urbanization in these countries would also affect the market positively. However, COVID-19 pandemic has reduced the growth rate. As per our research, Hong Kong’s construction industry recently laid off approximately 50,000 employees on account of the disruptions in the supply of labor and raw material from China.
In 2019, North America, on the other hand, procured USD 65.43 million in terms of revenue. This growth is attributable to the rising trend of maintenance of highways and roadways, as well as the recreation of residential buildings. Coupled with these, favorable government policies, rising construction activities, and robust economic growth are anticipated to drive the demand for asphalt in this region.
Source: https://www.fortunebusinessinsights.com/asphalt-market-102998
Competitive Landscape-
Key Companies Focus on Bagging Orders from Other Enterprises to Surge Sales
The global market is highly fragmented with the presence of numerous big, medium, and small-sized companies globally. They are persistently adopting the strategies of investment, gaining new projects, mergers & acquisitions, collaborations, and others. Below is one of the most recent industry developments:
The global asphalt market is expected to gain traction from the ongoing technological advancements taking place in the mixing plants. Besides, several manufacturers are focusing on developing state-of-the-art solutions to fulfill industry requirements and consumer demand worldwide. This information is given by Fortune Business Insights™ in a recently published report, titled, “Asphalt Market Size, Share & Industry Analysis, By Product (Paving, Roofing, and Others), By Application (Roadways, Waterproofing, Recreation, and Others), and Regional Forecast, 2020-2027.” The report further mentions that the asphalt market size stood at USD 222.0 million in 2019 and is expected to reach USD 321.5 million by 2027, exhibiting a CAGR of 4.8% during the forecast period.
Get a Sample PDF Report: https://www.fortunebusinessinsights.com/enquiry/sample/asphalt-market-102998
Fortune Business Insights™ presents a list of all the asphalt manufacturers operating in the global market. They are as follows:
Drivers & Restraints-
Rising Need for Protecting Buildings from Harsh Weather to Drive Growth
The frequently changing climatic conditions are affecting the infrastructures. Hence, consumers are becoming more aware of the same. Apart from this, the rising concerns about global warming are starting to influence several consumers to use novel technologies for preventing the structures from extreme weather conditions. It is, in turn, resulting in the high demand for roofing to protect new and aging structures. Asphalt is nowadays increasingly utilized in applications such as waterproofing and recreation. Waterproofing is necessary for avoiding dampness, leakages, decay, molds, and mildew in buildings. However, many people are gradually inclining towards cement roadways from bitumen roads. It may hamper the asphalt market growth in the coming years.
Asphalt is also identified as bitumen, which is a black and sticky, highly viscous liquid, or a semi-solid formula of petroleum. It is found in the natural deposit or can be used as a refined product that is classed as a pitch. The major application of this substance is roadways construction, where it is used as a binder that is mixed with aggregate elements to produce concrete. It is used for other paved parts such as airport runways, footways, and car parks. Also, the product is used in bituminous waterproofing, which includes producing roofing felt and sealing of flat roofs. Bitumen production is according to the requirements of the end-use, which is achieved either by blending or refining. Some other applications include sealing and insulating for a variety of building materials, such as carpet tile backing, pipe coatings, and paint.
Segment-
Roadway Segment to Dominate Fueled by Expansion of Construction Industry
In terms of application, the market is segregated into recreation, waterproofing, roadways, and others. Amongst these, the recreation segment generated 17.4% in 2019 in terms of asphalt market share. This growth is attributable to the rising population worldwide. The roadways segment is anticipated to dominate stoked by the expansion of the construction industry. However, owing to the present pandemic, the construction industry may decline in 2020, but start growing once again in the forthcoming years.
This Report Answers the Following Questions:
Regional Analysis-
Asia Pacific to Remain at the Forefront Stoked by Rapid Urbanization
Asia Pacific is set to grow considerably in the coming years because of the presence of a well-established construction sector in this region. The developing nations, such as India, China, and South Korea are the major contributors to growth. Industry consolidations and rapid urbanization in these countries would also affect the market positively. However, COVID-19 pandemic has reduced the growth rate. As per our research, Hong Kong’s construction industry recently laid off approximately 50,000 employees on account of the disruptions in the supply of labor and raw material from China.
In 2019, North America, on the other hand, procured USD 65.43 million in terms of revenue. This growth is attributable to the rising trend of maintenance of highways and roadways, as well as the recreation of residential buildings. Coupled with these, favorable government policies, rising construction activities, and robust economic growth are anticipated to drive the demand for asphalt in this region.
Source: https://www.fortunebusinessinsights.com/asphalt-market-102998
Competitive Landscape-
Key Companies Focus on Bagging Orders from Other Enterprises to Surge Sales
The global market is highly fragmented with the presence of numerous big, medium, and small-sized companies globally. They are persistently adopting the strategies of investment, gaining new projects, mergers & acquisitions, collaborations, and others. Below is one of the most recent industry developments:
Are you sure you want to stop following?
Congrats! You are now a member!
Start requesting vouchers for promo codes by clicking the Request Deal buttons on products you want.
Start requesting vouchers for promo codes by clicking the Request Deal buttons on products you want.
Sellers of Amazon products are required to sign in at www.amztracker.com
More information about placing your products on this site can be found here.
Are you having problems purchasing a product with the supplied voucher? If so, please contact the seller via the supplied email.
Also, please be patient. Sellers are pretty busy people and it can take awhile to respond to your emails.
After 2 days of receiving a voucher you can report the seller to us (using the same button) if you cannot resolve this issue with the seller.
For more information click here.
We have taken note and will also convey the problems to the seller on your behalf.
Usually the seller will rectify it soon, we suggest now you can remove this request from your dashboard and choose another deal.
If you love this deal most, we suggest you can try to request this deal after 2 days.
This will mark the product as purchased. The voucher will be permanently removed from your dashboard shortly after. Are you sure?
You are essentially competing with a whole lot of other buyers when requesting to purchase a product. The seller only has a limited amount of vouchers to give out too.
Select All Groups
✕
Adult Products
Arts, Crafts & Sewing
Automotive & Industrial
Beauty & Grooming
Cell Phones & Accessories
Electronics & Office
Health & Household
Home & Garden
Jewelry
Kitchen & Dining
Men's Clothing & Shoes
Pet Supplies
Sports & Outdoors
Toys, Kids & Baby
Watches
Women's Clothing & Shoes
Other
Adult Products
©Copyright 2025 Vipon All Right Reserved · Privacy Policy · Terms of Service · Do Not Sell My Personal Information
Certain content in this page comes from Amazon. The content is provided as is, and is subject
to change or removal at
any time. Amazon and the Amazon logo are trademarks of Amazon.com,
Inc. or its affiliates.
Comments