Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Asphalt Binder Market by Type (Modified Asphalt, Impregnated Asphalt), By Application (Architecture, Chemical Industry) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Asphalt Binder Market by Type (Modified Asphalt, Impregnated Asphalt), By Application (Architecture, Chemical Industry) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 280393 4200 Chemical & Material 377 226 Pages 4.7 (41)
                                          

Market Overview:


The global asphalt binder market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for asphalt binders from the construction and chemical industries. Modified asphalt is expected to be the fastest-growing type of asphalt binder during the forecast period, owing to its superior properties such as high resistance to rutting and low moisture susceptibility. Asia Pacific is expected to be the fastest-growing region in terms of both, value and volume, during the forecast period.


Global Asphalt Binder Industry Outlook


Product Definition:


Asphalt binder is a sticky, black, and highly viscous liquid or semi-solid that is used to bind aggregate particles together in asphalt concrete.


Modified Asphalt:


Modified asphalt is a modified natural asphalt that has been processed to enhance its properties for use as an asphalt binder. It can be defined as a mixture of rock, sand, and organic materials that have been heated at a temperature above 300°C but below 650°C. The product is manufactured by heating natural gas or petroleum feedstock in the presence of limestone (calcium carbonate) and shale (calcareous sedimentary rock).


Impregnated Asphalt:


The asphalt binder is a material that helps in keeping the concrete and other ingredients together so that they don’t slip or fall apart while building roads, parking lots, etc. The asphalt binder also has the ability to withstand high heat and extreme weather conditions. The most commonly used type of asphalt binder is bitumen which is a semi-solid form of crude oil.


Application Insights:


The architecture application segment led the global market and accounted for more than 34.0% share of the overall revenue in 2017. The growth is attributed to increasing construction activities in developing countries, such as India, China and Brazil. In addition, stringent regulations on green buildings are expected to boost product demand in this application over the forecast period.


Chemical industry was another prominent segment that accounted for a significant share of the overall revenue in 2017 owing to rising demand from various industries including oil & gas and energy among others.


Regional Analysis:


Asia Pacific dominated the global market in terms of revenue with a share of over 45.0% in 2017. The region is expected to witness significant growth over the forecast period owing to increasing construction spending and rapid development associated with it. In addition, rising population coupled with growing consumer disposable income levels will drive demand for residential buildings, which will further propel product demand during the forecast period.


The chemical industry is one of the major end-user industries that extensively use asphalt binders for producing various chemicals including polymers such as polyethylene (PE) and ethylene glycol monobutyl ether (EGMBE). Increasing production capacities by key manufacturers such as BASF SE & Co., INVISTA DBT Europe BV, and Shell Chemicals Netherlands BV along with new investments are anticipated to augment market growth during the projected period from 2018 to 2030  (Ref.: Chemistry Industry Outlook 2018).


Growth Factors:


  • Increasing demand for asphalt from the construction sector as a result of growth in infrastructure development activities across the globe.
  • Rising demand for asphalt from the transportation sector due to increasing number of road projects worldwide.
  • Growing use of asphalt in roofing applications, owing to its properties such as durability and weather resistance.
  • Increasing popularity of asphalt pavements among municipalities as they offer several advantages over traditional pavements materials such as concrete and brick pavers.

Scope Of The Report

Report Attributes

Report Details

Report Title

Asphalt Binder Market Research Report

By Type

Modified Asphalt, Impregnated Asphalt

By Application

Architecture, Chemical Industry

By Companies

DuPont, Peckham Industries, Gilson Company, Sealmaster Hawaii, Axeon, Sami Bitumen Technologies

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year

2021

Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year

2030

Number of Pages

226

Number of Tables & Figures

159

Customization Available

Yes, the report can be customized as per your need.


Global Asphalt Binder Market Report Segments:

The global Asphalt Binder market is segmented on the basis of:

Types

Modified Asphalt, Impregnated Asphalt

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.

Applications

Architecture, Chemical Industry

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. DuPont
  2. Peckham Industries
  3. Gilson Company
  4. Sealmaster Hawaii
  5. Axeon
  6. Sami Bitumen Technologies

Global Asphalt Binder Market Overview


Highlights of The Asphalt Binder Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Modified Asphalt
    2. Impregnated Asphalt
  1. By Application:

    1. Architecture
    2. Chemical Industry
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Asphalt Binder Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Asphalt Binder Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


Asphalt binders are a type of adhesive that is used to join two or more pieces of asphalt. They are available in a variety of colors and can be used on both indoor and outdoor surfaces.

Some of the major players in the asphalt binder market are DuPont, Peckham Industries, Gilson Company, Sealmaster Hawaii, Axeon, Sami Bitumen Technologies.

The asphalt binder market is expected to grow at a compound annual growth rate of 5.5%.

                                            
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Asphalt Binder Market Overview    4.1 Introduction       4.1.1 Market Taxonomy       4.1.2 Market Definition       4.1.3 Macro-Economic Factors Impacting the Market Growth    4.2 Asphalt Binder Market Dynamics       4.2.1 Market Drivers       4.2.2 Market Restraints       4.2.3 Market Opportunity    4.3 Asphalt Binder Market - Supply Chain Analysis       4.3.1 List of Key Suppliers       4.3.2 List of Key Distributors       4.3.3 List of Key Consumers    4.4 Key Forces Shaping the Asphalt Binder Market       4.4.1 Bargaining Power of Suppliers       4.4.2 Bargaining Power of Buyers       4.4.3 Threat of Substitution       4.4.4 Threat of New Entrants       4.4.5 Competitive Rivalry    4.5 Global Asphalt Binder Market Size & Forecast, 2018-2028       4.5.1 Asphalt Binder Market Size and Y-o-Y Growth       4.5.2 Asphalt Binder Market Absolute $ Opportunity

Chapter 5 Global Asphalt Binder Market Analysis and Forecast by Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Type
      5.1.2 Basis Point Share (BPS) Analysis by Type
      5.1.3 Absolute $ Opportunity Assessment by Type
   5.2 Asphalt Binder Market Size Forecast by Type
      5.2.1 Modified Asphalt
      5.2.2 Impregnated Asphalt
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global Asphalt Binder Market Analysis and Forecast by Applications
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Applications
      6.1.2 Basis Point Share (BPS) Analysis by Applications
      6.1.3 Absolute $ Opportunity Assessment by Applications
   6.2 Asphalt Binder Market Size Forecast by Applications
      6.2.1 Architecture
      6.2.2 Chemical Industry
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Asphalt Binder Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Asphalt Binder Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America Asphalt Binder Analysis and Forecast
   9.1 Introduction
   9.2 North America Asphalt Binder Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Asphalt Binder Market Size Forecast by Type
      9.6.1 Modified Asphalt
      9.6.2 Impregnated Asphalt
   9.7 Basis Point Share (BPS) Analysis by Type 
   9.8 Absolute $ Opportunity Assessment by Type 
   9.9 Market Attractiveness Analysis by Type
   9.10 North America Asphalt Binder Market Size Forecast by Applications
      9.10.1 Architecture
      9.10.2 Chemical Industry
   9.11 Basis Point Share (BPS) Analysis by Applications 
   9.12 Absolute $ Opportunity Assessment by Applications 
   9.13 Market Attractiveness Analysis by Applications

Chapter 10 Europe Asphalt Binder Analysis and Forecast
   10.1 Introduction
   10.2 Europe Asphalt Binder Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Asphalt Binder Market Size Forecast by Type
      10.6.1 Modified Asphalt
      10.6.2 Impregnated Asphalt
   10.7 Basis Point Share (BPS) Analysis by Type 
   10.8 Absolute $ Opportunity Assessment by Type 
   10.9 Market Attractiveness Analysis by Type
   10.10 Europe Asphalt Binder Market Size Forecast by Applications
      10.10.1 Architecture
      10.10.2 Chemical Industry
   10.11 Basis Point Share (BPS) Analysis by Applications 
   10.12 Absolute $ Opportunity Assessment by Applications 
   10.13 Market Attractiveness Analysis by Applications

Chapter 11 Asia Pacific Asphalt Binder Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Asphalt Binder Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Asphalt Binder Market Size Forecast by Type
      11.6.1 Modified Asphalt
      11.6.2 Impregnated Asphalt
   11.7 Basis Point Share (BPS) Analysis by Type 
   11.8 Absolute $ Opportunity Assessment by Type 
   11.9 Market Attractiveness Analysis by Type
   11.10 Asia Pacific Asphalt Binder Market Size Forecast by Applications
      11.10.1 Architecture
      11.10.2 Chemical Industry
   11.11 Basis Point Share (BPS) Analysis by Applications 
   11.12 Absolute $ Opportunity Assessment by Applications 
   11.13 Market Attractiveness Analysis by Applications

Chapter 12 Latin America Asphalt Binder Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Asphalt Binder Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Asphalt Binder Market Size Forecast by Type
      12.6.1 Modified Asphalt
      12.6.2 Impregnated Asphalt
   12.7 Basis Point Share (BPS) Analysis by Type 
   12.8 Absolute $ Opportunity Assessment by Type 
   12.9 Market Attractiveness Analysis by Type
   12.10 Latin America Asphalt Binder Market Size Forecast by Applications
      12.10.1 Architecture
      12.10.2 Chemical Industry
   12.11 Basis Point Share (BPS) Analysis by Applications 
   12.12 Absolute $ Opportunity Assessment by Applications 
   12.13 Market Attractiveness Analysis by Applications

Chapter 13 Middle East & Africa (MEA) Asphalt Binder Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Asphalt Binder Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Asphalt Binder Market Size Forecast by Type
      13.6.1 Modified Asphalt
      13.6.2 Impregnated Asphalt
   13.7 Basis Point Share (BPS) Analysis by Type 
   13.8 Absolute $ Opportunity Assessment by Type 
   13.9 Market Attractiveness Analysis by Type
   13.10 Middle East & Africa (MEA) Asphalt Binder Market Size Forecast by Applications
      13.10.1 Architecture
      13.10.2 Chemical Industry
   13.11 Basis Point Share (BPS) Analysis by Applications 
   13.12 Absolute $ Opportunity Assessment by Applications 
   13.13 Market Attractiveness Analysis by Applications

Chapter 14 Competition Landscape 
   14.1 Asphalt Binder Market: Competitive Dashboard
   14.2 Global Asphalt Binder Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 DuPont
      14.3.2 Peckham Industries
      14.3.3 Gilson Company
      14.3.4 Sealmaster Hawaii
      14.3.5 Axeon
      14.3.6 Sami Bitumen Technologies

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