Paving Asphalt in the US by Product, Application and Region

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Paving Asphalt in the US by Product, Application and Region

Paving asphalt gains will be driven by a more favorable funding environment, legislative pressure to improve the nation’s aging infrastructure, and healthy advances in nonbuilding construction activity, particularly in the highway and street segment.

Paving Asphalt Market in the US

Key Findings in the Paving Asphalt Market in the US Study:

Increases in Government Funding to Drive Demand

The passage of the FAST Act, which allocates $305 billion in funding for highway maintenance and other infrastructure projects, will boost short-term demand for paving products. In 2020, funding for this program will conclude; however it is expected that Congress will provide the highway funding program with a bailout to prevent a significant decline in funding for 2021.

Demand for Asphalt Emulsions Will Advance Well-Above the Market Average

Asphalt emulsions are expected to experience the most rapid gains of all paving products due to their cost effectiveness compared to asphalt cutbacks and efforts by manufacturers to reduce asphalt usage. Additionally, emulsions are better able to address environmental and worker safety concerns posed by other products such cutback asphalt and hot-mix asphalt cement.

Highway and Street Applications Will Continue to Dominate the Industry

Highway and street applications will continue to account for the majority of demand in the paving asphalt industry and grow at a pace similar to the market average. Gains will be driven by recent highway legislation and rising highway and street construction expenditures.

Study Coverage

This study presents historical demand data (2006, 2011, and 2016) and forecasts (2021) by product (asphalt cement, asphalt emulsions, and cutback asphalt), application (highways and streets, residential, and nonresidential), and region (Northeast, Midwest, South, West). The study also evaluates company market share and competitive analysis on industry competitors including Oldcastle Materials, Vulcan Materials, Summit Materials, Colas, Ergon, HollyFrontier, Alon USA, Calumet Specialty Products, and HeidelbergCement.

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Purchase Paving Asphalt in the US by Product, Application and Region by the Section

  1. Paving Asphalt in the US by Product, Application and Region

    $5,500.00

    1. 1 EXECUTIVE SUMMARY

      $269.00

      1. Figure 1-1 | Key Trends in the US Paving Asphalt Market

    2. 2 OVERVIEW

      $2,150.00

      1. 2.1 Key Findings

        $82.00

        1. Figure 2-1 | US Paving Asphalt Market Overview

      2. 2.2 Historical Market Trends

        $235.00

        1. Figure 2-2 | US Paving Asphalt Demand, 2006 - 2016

        2. Table | US Paving Asphalt Market, 2006 - 2016

      3. 2.3 Pricing

        $226.00

        1. Table | Paving Asphalt Product Pricing, 2006 - 2021

      4. 2.4 Foreign Trade

        $214.00

        1. Table | US Paving Asphalt Foreign Trade, 2006 - 2021

      5. 2.5 Supply & Demand

        $209.00

        1. Table | Paving Asphalt Supply & Demand, 2006 - 2021

      6. 2.6 Market Challenges

        $314.00

        1. 2.6.1 Crude Oil Pricing & Production Trends

          $82.00

          1. Figure 2-3 | Crude Oil & Refined Asphalt Price Volatility, 2006 - 2016

        2. 2.6.2 Government Funding

          $247.00

          1. Figure 2-4 | Status of Highway Trust Fund, 1990 - 2016

      7. 2.7 Asphalt Market Seasonality

        $135.00

        1. Figure 2-5 | Average Monthly US Asphalt Refinery Production, 2000 - 2016

      8. 2.8 Highway Mileage & Spending

        $386.00

        1. 2.8.1 Highway Mileage

          $152.00

          1. Table | US Public Road Lane Miles, 2006 - 2021

        2. 2.8.2 Highway Spending

          $231.00

          1. Figure 2-6 | Highway Spending Disbursements by Level of Government, 2016

          2. Table | US Highway Spending, 2006 - 2021

      9. 2.9 Environmental Issues

        $367.00

        1. 2.9.1 Recycling

          $212.00

        2. 2.9.2 Emissions-Related Issues

          $153.00

    3. 3 PRODUCTS

      $2,130.00

      1. 3.1 Key Findings

        $82.00

        1. Figure 3-1 | Key Trends in Paving Asphalt Products

      2. 3.2 Definition & Scope

        $126.00

        1. Table | Paving Asphalt Products Definitions & Applications

      3. 3.3 Demand by Product

        $835.00

        1. 3.3.1 Paving Asphalt: Product Overview

          $243.00

          1. Table | Asphalt Demand in Paving Products, 2006 - 2021

          2. Figure 3-2 | Paving Asphalt Product Shares, 2016

        2. 3.3.2 Asphalt Cement

          $158.00

          1. Table | Asphalt Demand in Asphalt Cement, 2006 - 2021

        3. 3.3.3 Asphalt Emulsions

          $173.00

          1. Table | Asphalt Demand in Asphalt Emulsions, 2006 - 2021

        4. 3.3.4 Cutback Asphalt

          $141.00

          1. Table | Asphalt Demand in Cutback Asphalt, 2006 - 2021

        5. 3.3.5 Other Paving Products

          $118.00

          1. Table | Asphalt Demand in Other Paving Products, 2006 - 2021

      4. 3.4 Product Developments

        $830.00

        1. 3.4.1 Superpave

          $190.00

        2. 3.4.2 Perpetual Pavements

          $192.00

        3. 3.4.3 Asphalt Pellets

          $107.00

        4. 3.4.4 Asphalt Modifiers

          $339.00

          1. Table | Selected Asphalt Modifier Descriptions

      5. 3.5 Competitive Products

        $284.00

        1. 3.5.1 Portland Cement Concrete

          $196.00

          1. Table | Advantages & Disadvantages of Asphalt & Portland Cement Concrete

          2. Figure 3-3 | Paved & Unpaved Public Road Lane Miles, 2006 - 2021

        2. 3.5.2 Other Materials

          $86.00

    4. 4 APPLICATIONS

      $978.00

      1. 4.1 Key Findings

        $82.00

        1. Figure 4-1 | Key Trends in US Paving Asphalt Applications

      2. 4.2 Paving Asphalt Demand by Application

        $917.00

        1. 4.2.1 Paving Asphalt Applications: Overview

          $133.00

          1. Table | Asphalt Demand in Paving Products by Application, 2006 - 2021

          2. Figure 4-2 | Paving Asphalt Demand Shares by Application, 2006 - 2021

        2. 4.2.2 Highways & Streets

          $216.00

          1. Table | Asphalt Demand in Highway & Street Applications by Product, 2006 - 2021

          2. Figure 4-3 | Highways & Streets Paving Asphalt Demand Volatility, 2006 - 2016

        3. 4.2.3 Other Nonbuilding Applications

          $142.00

          1. Table | Asphalt Demand in Other Nonbuilding Applications by Product, 2006 - 2021

          2. Figure 4-4 | Other Nonbuilding Asphalt Demand Volatility, 2006 - 2016

        4. 4.2.4 Nonresidential Buildings

          $194.00

          1. Table | Asphalt Demand in Nonresidential Applications by Product, 2006 - 2021

          2. Figure 4-5 | Nonresidential Paving Asphalt Demand, 2006 - 2021

        5. 4.2.5 Residential Buildings

          $228.00

          1. Table | Asphalt Demand in Residential Applications by Product, 2006 - 2021

          2. Figure 4-6 | Residential Paving Asphalt Demand Volatility, 2006 - 2016

    5. 5 REGIONS

      $2,453.00

      1. 5.1 Key Findings

        $82.00

        1. Figure 5-1 | Regional Paving Asphalt Demand, 2006 - 2021

      2. 5.2 Northeast

        $581.00

        1. 5.2.1 Northeast: Regional Overview

          $154.00

          1. Table | Northeast: Paving Asphalt Demand & Asphalt Paved Lane Miles by Subregion, 2006 - 2021

        2. 5.2.2 New England

          $174.00

          1. Table | New England: Paving Asphalt Demand & Asphalt Paved Lane Miles by State, 2006 - 2021

        3. 5.2.3 Middle Atlantic

          $252.00

          1. Table | Middle Atlantic: Paving Asphalt Demand & Asphalt Paved Lane Miles by State, 2006 - 2021

      3. 5.3 Midwest

        $549.00

        1. 5.3.1 Midwest: Regional Overview

          $102.00

          1. Table | Midwest: Paving Asphalt Demand & Asphalt Paved Lane Miles by Subregion, 2006 - 2021

        2. 5.3.2 East North Central

          $227.00

          1. Table | East North Central: Paving Asphalt Demand & Asphalt Paved Lane Miles by State, 2006 - 2021

        3. 5.3.3 West North Central

          $219.00

          1. Table | West North Central: Paving Asphalt Demand & Asphalt Paved Lane Miles by State, 2006 - 2021

      4. 5.4 South

        $666.00

        1. 5.4.1 South: Regional Overview

          $121.00

          1. Table | South: Paving Asphalt Demand & Asphalt Paved Lane Miles by Subregion, 2006 - 2021

        2. 5.4.2 South Atlantic

          $191.00

          1. Table | South Atlantic: Paving Asphalt Demand & Asphalt Paved Lane Miles by State, 2006 - 2021

        3. 5.4.3 East South Central

          $159.00

          1. Table | East South Central: Paving Asphalt Demand & Asphalt Paved Lane Miles by State, 2006 - 2021

        4. 5.4.4 West South Central

          $194.00

          1. Table | West South Central: Paving Asphalt Demand & Asphalt Paved Lane Miles by State, 2006 - 2021

      5. 5.5 West

        $602.00

        1. 5.5.1 West: Regional Overview

          $127.00

          1. Table | West: Paving Asphalt Demand & Asphalt Paved Lane Miles by Subregion, 2006 - 2021

        2. 5.5.2 Mountain

          $189.00

          1. Table | Mountain: Paving Asphalt Demand & Asphalt Paved Lane Miles by State, 2006 - 2021

        3. 5.5.3 Pacific

          $285.00

          1. Table | Pacific: Paving Asphalt Demand & Asphalt Paved Lane Miles by State, 2006 - 2021

    6. 6 INDUSTRY STRUCTURE

      $3,334.00

      1. 6.1 Key Findings & Industry Composition

        $82.00

      2. 6.2 Market Share

        $782.00

        1. Figure 6-1 | US Paving Asphalt Market Share, 2016

        2. Table | US Paving Asphalt Sales by Company, 2016

        3. Figure 6-2 |US Paving Asphalt Market: Leading Supplier

        4. Figure 6-3 | US Paving Asphalt Market: Second Leading Supplier

        5. Figure 6-4 | US Paving Asphalt Market: Third Leading Supplier

        6. Figure 6-5 | US Paving Asphalt Market: Fourth Leading Supplier

        7. Figure 6-6 | US Paving Asphalt Market: Fifth Leading Supplier

      3. 6.3 Refined Asphalt Capacity

        $614.00

        1. 6.3.1 Refined Asphalt Capacity Overview

          $159.00

          1. Table | US Asphalt Refining Capacity, 2016

          2. Figure 6-7 | US Asphalt Refining Capacity Share, 2016

        2. 6.3.2 Northeast

          $82.00

          1. Table | Northeast Asphalt Refining Capacity, 2016

        3. 6.3.3 Midwest

          $99.00

          1. Table | Midwest Asphalt Refining Capacity, 2016

        4. 6.3.4 South

          $145.00

          1. Table | South Asphalt Refining Capacity, 2016

        5. 6.3.5 West

          $136.00

          1. Table | West Asphalt Refining Capacity, 2016

      4. 6.4 Refined Asphalt Production

        $366.00

        1. Table | US Refined Asphalt Production by Region & Subregion, 2016

        2. Figure 6-8 | US Refined Asphalt Production by Region, 2016

      5. 6.5 Manufacturing

        $202.00

        1. Figure 6-9 | Asphalt Product Flow Chart

      6. 6.6 Marketing & Distribution

        $304.00

      7. 6.7 Cooperative Agreements

        $133.00

        1. Table | Selected Cooperative Agreements

      8. 6.8 Mergers & Acquisitions

        $278.00

        1. Table | Selected Acquisitions & Divestitures

      9. 6.9 List of Industry Participants

        $575.00

    7. 7 APPENDIX

      $4,103.00

      1. 7.1 Scope

        $105.00

        1. Table | 2012 NAICS Codes for Paving Asphalt Products

      2. 7.2 Methodology

        $139.00

      3. 7.3 Related Freedonia Group Studies

        $82.00

      4. 7.4 Definitions

        $484.00

      5. 7.5 Abbreviations

        $82.00

        1. Table | Abbreviations Used in Study

      6. 7.6 Macroeconomic Assumptions

        $2,213.00

        1. Table | Refined Petroleum Products Supply & Demand

        2. Table | Macroeconomic Indicators, 2006 - 2021

        3. Figure 7-1 | Annual Growth in Real GDP, 2000 - 2016, Compared to 1980 - 2005 Average

        4. Table | Population & Households, 2006 - 2021

        5. Figure 7-2 | Annual Population Growth, 2001 - 2016

        6. Table | Construction Expenditures, 2006 - 2021

        7. Table | Building Construction Expenditures, 2006 - 2021

        8. Table | Residential Construction Expenditures, 2006 - 2021

        9. Table | Residential Improvement & Repair Expenditures, 2006 - 2021

        10. Table | Housing Stock by Type, 2006 - 2021

        11. Figure 7-3 | Housing Stock by Year of Construction, 2016

        12. Table | New Housing Indicators, 2006 - 2021

        13. Figure 7-4 | New Housing Square Footage by Housing Type, 2001 - 2016

        14. Table | Nonresidential Building Construction Expenditures, 2006 - 2021

        15. Table | Nonresidential Building Improvement & Repair Expenditures, 2006 - 2021

        16. Table | Nonbuilding Construction Expenditures, 2006 - 2021

      7. 7.7 Macroeconomic Trends by Region

        $440.00

        1. Table | Population by Region, 2006 - 2021

        2. Figure 7-5 | Share of Population by Region, 2006 - 2021

        3. Table | Gross Domestic Product by Region, 2006 - 2021

        4. Table | Construction Expenditures by Region, 2006 - 2021

      8. 7.8 Asphalt Paved Lane Miles

        $621.00

        1. Table | US Asphalt Paved Lane Miles by Region, 2006 - 2021

        2. Figure 7-6 | US Asphalt Paved Lane Miles by Region, 2016

        3. Table | New England Asphalt Paved Lane Miles by State, 2006 - 2021

        4. Table | Middle Atlantic Asphalt Paved Lane Miles by State, 2006 - 2021

        5. Table | East North Central Asphalt Paved Lane Miles by State, 2006 - 2021

        6. Table | West North Central Asphalt Paved Lane Miles by State, 2006 - 2021

        7. Table | South Atlantic Asphalt Paved Lane Miles by State, 2006 - 2021

        8. Table | East South Central Asphalt Paved Lane Miles by State, 2006 - 2021

        9. Table | West South Central Asphalt Paved Lane Miles by State, 2006 - 2021

        10. Table | Mountain Asphalt Paved Lane Miles by State, 2006 - 2021

        11. Table | Pacific Asphalt Paved Lane Miles by State, 2006 - 2021

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