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Global asphalt demand is dominated by paving asphalt, which accounts for 87% of demand. Gains will therefore be driven by paving applications, such as China’s massive Belt and Road Initiative, India’s rapidly growing paved highway network, and increasing maintenance spending in mature markets such as the US and Western Europe.
Roofing represents the next largest application for asphalt, with demand supported by the large asphalt shingle reroofing market in the US and Canada, as well as by the expanding low-slope bituminous roofing market in nonresidential applications in China.
For more market coverage of asphalt markets, see the following Freedonia Group studies:
Asphalt Shingles Market in the US
Additional information from Freedonia Focus is available in these reports: Commercial Building Construction: United States, Construction: United States, and more.
1. About This Report
2. Executive Summary
3. Global Market Overview
Asphalt Demand by Region
Asphalt Demand by Product
Asphalt Production by Region
Asphalt New Exports by Region
Impact of COVID-19 Pandemic
4. North America
US
Canada
Mexico
5. Central & South America
Brazil
Other Central & South America
6. Western Europe
Germany
France
UK
Italy
Spain
Other Western Europe
7. Eastern Europe
Russia
Poland
Other Eastern Europe
8. Asia/Pacific
China
India
Japan
South Korea
Indonesia
Australia
Other Asia/Pacific
9. Africa/Mideast
Turkey
Other Africa/Mideast
10. Market Share
Paving Asphalt
Roofing Asphalt
11. Additional Information
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