Market Overview:
The global mastic asphalt market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for mastic asphalt in roofing applications and other applications such as car parks, pavements, and sports pitches. Mastic asphalt is a type of bitumen that is used for waterproofing and sealing roofs, pavements, and other surfaces. It has high adhesion properties and resistance to weathering, which makes it ideal for use in roofing applications. Polymer modified mastic asphalt offers improved durability over standard mastic asphalt due to its increased flexibility and resistance to cracking.
Product Definition:
Mastic asphalt is a type of asphalt that contains a high percentage of natural rubber. It is used for paving roads, parking lots, and other paved surfaces. Mastic asphalt is important because it is durable and resistant to wear and tear.
Standard:
The standard is a measurement for the thickness of asphalt and is expressed in mils. The lower the number, the thinner will be the layer of asphalt and vice versa. The standard used in mastic asphalt varies from 80 to 120 depending upon climatic conditions, traffic volume and quality of road etc.
Polymer Modified:
Polymer modified and its usage in mastic asphalt market is a new concept. The basic raw materials required for the manufacturing of polymer-modified bitumen are polyethylene, toluene, ethylene glycol and water. These raw materials are mixed along with additives which may include plasticizers, fillers sand etc., then heated to a molten state for further processing.
Application Insights:
The global market has been segmented into roof, car parks, and other applications on the basis of usage. Roof was estimated as the largest application segment in 2017 and is expected to witness a CAGR of XX% from 2018 to 2030 owing to increasing construction activities in residential buildings across various regions coupled with growing demand for shingles in developing countries such as India and China.
Mastic asphalt is used for coating roofs that require resistance against water, wear & tear & abrasion along with being lightweight compared to traditional coatings made using bituminous emulsions or cement based coatings. The polymer modified mastic asphalt offers enhanced durability along with better adhesion properties towards substrates such as metal, concrete etc., which further augments its demand globally over the forecast period.
Other applications include industrial flooring including warehouses.
Regional Analysis:
Asia Pacific was the dominant regional market in 2017 and accounted for over 45% of global demand. The region is expected to witness substantial growth on account of increasing infrastructure investment coupled with rapid urbanization in countries such as China, India, Indonesia, and Malaysia. In addition, rising disposable income levels are expected to drive the construction industry in this region thereby driving product demand over the forecast period.
The growing automotive manufacturing sector is projected to have a positive impact on mastic asphalt market growth owing to its use as an underlayer for soundproofing and vibration isolation applications in vehicle body structure. North America emerged as the second-largest consumer due mainly to high R&D investments by manufacturers coupled with technological innovations that enable superior performance of mastic asphalt under extreme climatic conditions.
Growth Factors:
- Increasing demand for Mastic Asphalt in the construction industry as a result of its superior properties compared to traditional asphalt paving materials.
- Growing popularity of green infrastructure solutions, which is expected to drive increased adoption of Mastic Asphalt in pavement applications.
- Rising investment in transportation infrastructure projects, particularly in developing countries, is anticipated to boost demand for Mastic Asphalt products over the forecast period.
- Increasing use of Mastic Asphalt as a waterproofing and roofing material due to its ability to resist water penetration and extend the life of roofs and other structures exposed to weather conditions.
Scope Of The Report
Report Attributes
Report Details
Report Title
Mastic Asphalt Market Research Report
By Type
Standard, Polymer Modified
By Application
Roof, Car Parks, Other applications
By Companies
Hohmann & Barnard, APOC, FBC Chemical, IKO, Karnak, W.R.MEADOWS, Fields Company, USL GROUP, BuildSite, Pure Asphalt, ALCO PRODUCTS, Mon-Eco Industries, THE NIPPON ROAD, Tex Engineering, Yuwang Group, Zhejiang Yahong, Lanzhou Pengfei Heat Preservation, Beijing State New Materials, Jiaxing Zhenyang Insulation Material, ZES Cold Insulation Technology, Zibo Diyong Refractories, Longfu, Changzhou Maize insulation materials
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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Mastic Asphalt Market Report Segments:
The global Mastic Asphalt market is segmented on the basis of:
Types
Standard, Polymer Modified
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
Roof, Car Parks, Other applications
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:
- Hohmann & Barnard
- APOC
- FBC Chemical
- IKO
- Karnak
- W.R.MEADOWS
- Fields Company
- USL GROUP
- BuildSite
- Pure Asphalt
- ALCO PRODUCTS
- Mon-Eco Industries
- THE NIPPON ROAD
- Tex Engineering
- Yuwang Group
- Zhejiang Yahong
- Lanzhou Pengfei Heat Preservation
- Beijing State New Materials
- Jiaxing Zhenyang Insulation Material
- ZES Cold Insulation Technology
- Zibo Diyong Refractories
- Longfu
- Changzhou Maize insulation materials
Highlights of The Mastic Asphalt Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Standard
- Polymer Modified
- By Application:
- Roof
- Car Parks
- Other applications
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Mastic Asphalt 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
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Mastic asphalt is a type of asphalt that is made from a mixture of natural and synthetic mastic. Mastic asphalt has high resistance to water, oil, and other chemicals, making it an ideal choice for road surfaces.
Some of the major players in the mastic asphalt market are Hohmann & Barnard, APOC, FBC Chemical, IKO, Karnak, W.R.MEADOWS, Fields Company, USL GROUP, BuildSite, Pure Asphalt, ALCO PRODUCTS, Mon-Eco Industries, THE NIPPON ROAD, Tex Engineering, Yuwang Group, Zhejiang Yahong, Lanzhou Pengfei Heat Preservation, Beijing State New Materials, Jiaxing Zhenyang Insulation Material, ZES Cold Insulation Technology, Zibo Diyong Refractories, Longfu, Changzhou Maize insulation materials.
The mastic asphalt market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Mastic Asphalt 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 Mastic Asphalt Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Mastic Asphalt 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 Mastic Asphalt 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 Mastic Asphalt Market Size & Forecast, 2018-2028
4.5.1 Mastic Asphalt Market Size and Y-o-Y Growth
4.5.2 Mastic Asphalt Market Absolute $ Opportunity
Chapter 5 Global Mastic Asphalt 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 Mastic Asphalt Market Size Forecast by Type
5.2.1 Standard
5.2.2 Polymer Modified
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Mastic Asphalt 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 Mastic Asphalt Market Size Forecast by Applications
6.2.1 Roof
6.2.2 Car Parks
6.2.3 Other applications
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Mastic Asphalt 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 Mastic Asphalt 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 Mastic Asphalt Analysis and Forecast
9.1 Introduction
9.2 North America Mastic Asphalt 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 Mastic Asphalt Market Size Forecast by Type
9.6.1 Standard
9.6.2 Polymer Modified
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 Mastic Asphalt Market Size Forecast by Applications
9.10.1 Roof
9.10.2 Car Parks
9.10.3 Other applications
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 Mastic Asphalt Analysis and Forecast
10.1 Introduction
10.2 Europe Mastic Asphalt 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 Mastic Asphalt Market Size Forecast by Type
10.6.1 Standard
10.6.2 Polymer Modified
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 Mastic Asphalt Market Size Forecast by Applications
10.10.1 Roof
10.10.2 Car Parks
10.10.3 Other applications
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 Mastic Asphalt Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Mastic Asphalt 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 Mastic Asphalt Market Size Forecast by Type
11.6.1 Standard
11.6.2 Polymer Modified
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 Mastic Asphalt Market Size Forecast by Applications
11.10.1 Roof
11.10.2 Car Parks
11.10.3 Other applications
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 Mastic Asphalt Analysis and Forecast
12.1 Introduction
12.2 Latin America Mastic Asphalt 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 Mastic Asphalt Market Size Forecast by Type
12.6.1 Standard
12.6.2 Polymer Modified
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 Mastic Asphalt Market Size Forecast by Applications
12.10.1 Roof
12.10.2 Car Parks
12.10.3 Other applications
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) Mastic Asphalt Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Mastic Asphalt 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) Mastic Asphalt Market Size Forecast by Type
13.6.1 Standard
13.6.2 Polymer Modified
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) Mastic Asphalt Market Size Forecast by Applications
13.10.1 Roof
13.10.2 Car Parks
13.10.3 Other applications
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 Mastic Asphalt Market: Competitive Dashboard
14.2 Global Mastic Asphalt Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hohmann & Barnard
14.3.2 APOC
14.3.3 FBC Chemical
14.3.4 IKO
14.3.5 Karnak
14.3.6 W.R.MEADOWS
14.3.7 Fields Company
14.3.8 USL GROUP
14.3.9 BuildSite
14.3.10 Pure Asphalt
14.3.11 ALCO PRODUCTS
14.3.12 Mon-Eco Industries
14.3.13 THE NIPPON ROAD
14.3.14 Tex Engineering
14.3.15 Yuwang Group
14.3.16 Zhejiang Yahong
14.3.17 Lanzhou Pengfei Heat Preservation
14.3.18 Beijing State New Materials
14.3.19 Jiaxing Zhenyang Insulation Material
14.3.20 ZES Cold Insulation Technology
14.3.21 Zibo Diyong Refractories
14.3.22 Longfu
14.3.23 Changzhou Maize insulation materials
