Global Asphalt (Bitumen)

Report Overview

Featuring 65 tables and 78 figures – now available in Excel and Powerpoint! Learn More

This study examines global supply and demand for asphalt. Historical data (2009, 2014, and 2019) and forecasts for 2024 and 2029 are provided for asphalt demand in metric tons by region, product, net exports, and production for major countries. Twenty-year historical production and demand series are also presented by country in metric tons.

Paving products include:

• asphalt cement
• asphalt emulsions
• asphalt cutbacks
• specialized paving products

Roofing products include:

• asphaltic felts
• bituminous membranes
• asphalt shingles

Asphalt is also used in the manufacture of other products, including asphaltic building boards and papers, waterproofing materials, sealants, paints, lacquers, and various bindings and coatings.

How will the COVID-19 coronavirus impact the global economy? The Freedonia Group is tracking recent developments and analyzing their impact in an easy to follow Economic Impact Tracker.

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 Market Forecasts

Asphalt Shingles Market in the US

Commercial Roofing

Global Housing

Global Roofing

Low-Slope Roofing

Additional information from Freedonia Focus is available in these reports: Commercial Building Construction: United States, Construction: United States, and more.