Asphalt Forecasts by Product, Market and Region

Report Overview

Government Funding & Reroofing Activity Driving US Asphalt Market

A more favorable funding environment driven by the recent passage of The Fixing America’s Surface Transportation Act, rising housing starts, and increasing home improvement activity will bolster gains.

Key Findings in the Asphalt Market Forecasts Study:

Asphalt Emulsions & Asphalt Cement to Experience Healthy Growth

Paving products are expected to be the fastest growing over the forecast period. Recent legislation has addressed the needs to improve the nation’s roads, bridges, and other infrastructure, which has aided the current uptick in paving asphalt demand. Going forward, this influx of funding and increasing highway and street construction spending will fuel growth.

Highway & Street Repair Will Continue to Drive the Market

The nonbuilding market, which primarily consists of highway and street applications, will enjoy healthy advances through 2021. During the forecast period, efforts to improve and repair crumbling highways will boost demand for paving products used in nonbuilding applications.

Asphalt Shingles & Bitumen Membranes Demand in 2016 Benefiting from Recent Surge in Storm Activity

Demand for roofing asphalt products was at a high level in 2016 as the US experienced a number of severe weather events -- Winter Storm Jonas, severe hailstorms in Texas, and multiple outbreaks of thunderstorms and tornadoes -- that damaged numerous roofs across the nation. Through 2021, demand for roofing asphalt products will be supported by strong growth in housing starts.

Study Coverage

This study presents historical demand data (2006, 2011, and 2016) and forecasts (2021) by product (paving asphalt and roofing asphalt) and market (residential, nonresidential, and nonbuilding). The study also evaluates company market share and competitive analysis on industry competitors including CertainTeed, GAF Materials, Oldcastle Materials, and Owens Corning.