Market Overview:
The global natural asphalt market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for natural asphalt from various applications such as foundry, construction, oil and gas, ink and paint, among others. Moreover, the growing awareness about environment-friendly products is also propelling the growth of this market. However, volatility in prices of crude oil may restrain the growth of this market to some extent during the forecast period. On basis of type, derived from coal segment accounted for major share in global natural asphalt market in 2017 and is expected to maintain its dominance throughout forecast period.
Product Definition:
Natural asphalt is a type of asphalt that is found in nature. It is made up of bitumen, which is a type of oil, and sand. Natural asphalt can be used to make roads and other infrastructure projects.
Derived from Coal:
Coal is the main source of energy for thermal power plants and accounts for a major portion of the overall fuel cost. It also has a high calorific value which makes it more valuable than other fuels. The by-product derived from coal, i.e., coke, can be used as an alternative to bitumen in natural asphalt mixing and has been doing so since the past few years.
Derived from Oil:
Derived from oil (DO) is a type of natural asphalt that is produced using crude oil as its main ingredient. The crude oil used in the production of derived from oil (DO) contains around 90% to 95% of petroleum and 5% to 10 % content of other hydrocarbons such as naphtha, gas oils, and condensates.
Application Insights:
The construction application segment led the global natural asphalt market in 2017 and is projected to witness significant growth over the forecast period. This can be attributed to increasing urbanization along with a growing need for infrastructure development, particularly in developing countries such as India, China and Brazil. In addition, favorable government policies regarding housing subsidies are expected to drive demand over the coming years.
In terms of revenue, construction dominated the other applications segment with a share of 28.3% in 2017 owing to its extensive use as paving material for roadsides and walkways around buildings across all major regions globally including North America, Europe and Asia Pacific. It also has excellent properties such as durability & wear resistance which makes it suitable for areas where pedestrians frequent or where there is heavy vehicular traffic on daily basis like road sides etc., thereby making it an ideal solution compared to traditional bituminous mixes used in similar applications currently worldwide.
Regional Analysis:
Asia Pacific was the largest market in 2016 and accounted for a share of over 45%. The region is expected to continue its dominance over the forecast period. This can be attributed to increasing construction activities, mainly in China and India, which are likely to drive demand for asphalt emulsions. In addition, growing automotive industry is projected to have a positive impact on product demand.
The U.S., being one of the major producers of crude oil as well as natural gas has huge resources that are used across various industries including manufacturing and construction materials such as asphalt concrete mixers (pavements).
Growth Factors:
- Increasing demand for asphalt from the construction industry as a result of growth in infrastructure development activities across the globe.
- Rising demand for asphalt from the transportation sector due to increasing road and highway networks across the world.
- Growing use of asphalt in roofing applications, owing to its properties such as durability and weather resistance.
- Increasing popularity of natural asphalt among consumers on account of its environmental benefits over conventional petroleum-based products.
Scope Of The Report
Report Attributes
Report Details
Report Title
Natural Asphalt Market Research Report
By Type
Derived from Coal, Derived from Oil
By Application
Foundry, Construction, Oil and Gas, Ink and Paint, Other
By Companies
American Gilsonite Company, Wasit Group, Chemical Mine World, Asian Gilsonite, ATDM, Kardoost Ariya Company, Nikan West Gilsonite Company, Asia Gilsonite
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
211
Number of Tables & Figures
148
Customization Available
Yes, the report can be customized as per your need.
Global Natural Asphalt Market Report Segments:
The global Natural Asphalt market is segmented on the basis of:
Types
Derived from Coal, Derived from Oil
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
Foundry, Construction, Oil and Gas, Ink and Paint, Other
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:
- American Gilsonite Company
- Wasit Group
- Chemical Mine World
- Asian Gilsonite
- ATDM
- Kardoost Ariya Company
- Nikan West Gilsonite Company
- Asia Gilsonite
Highlights of The Natural 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:
- Derived from Coal
- Derived from Oil
- By Application:
- Foundry
- Construction
- Oil and Gas
- Ink and Paint
- Other
- 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 Natural 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Natural asphalt is a type of asphalt that is made from natural resources. These resources can include coal, oil, and gas.
Some of the major players in the natural asphalt market are American Gilsonite Company, Wasit Group, Chemical Mine World, Asian Gilsonite, ATDM, Kardoost Ariya Company, Nikan West Gilsonite Company, Asia Gilsonite.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Natural 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 Natural Asphalt Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Natural 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 Natural 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 Natural Asphalt Market Size & Forecast, 2018-2028
4.5.1 Natural Asphalt Market Size and Y-o-Y Growth
4.5.2 Natural Asphalt Market Absolute $ Opportunity
Chapter 5 Global Natural 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 Natural Asphalt Market Size Forecast by Type
5.2.1 Derived from Coal
5.2.2 Derived from Oil
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Natural 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 Natural Asphalt Market Size Forecast by Applications
6.2.1 Foundry
6.2.2 Construction
6.2.3 Oil and Gas
6.2.4 Ink and Paint
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Natural 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 Natural 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 Natural Asphalt Analysis and Forecast
9.1 Introduction
9.2 North America Natural 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 Natural Asphalt Market Size Forecast by Type
9.6.1 Derived from Coal
9.6.2 Derived from Oil
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 Natural Asphalt Market Size Forecast by Applications
9.10.1 Foundry
9.10.2 Construction
9.10.3 Oil and Gas
9.10.4 Ink and Paint
9.10.5 Other
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 Natural Asphalt Analysis and Forecast
10.1 Introduction
10.2 Europe Natural 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 Natural Asphalt Market Size Forecast by Type
10.6.1 Derived from Coal
10.6.2 Derived from Oil
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 Natural Asphalt Market Size Forecast by Applications
10.10.1 Foundry
10.10.2 Construction
10.10.3 Oil and Gas
10.10.4 Ink and Paint
10.10.5 Other
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 Natural Asphalt Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Natural 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 Natural Asphalt Market Size Forecast by Type
11.6.1 Derived from Coal
11.6.2 Derived from Oil
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 Natural Asphalt Market Size Forecast by Applications
11.10.1 Foundry
11.10.2 Construction
11.10.3 Oil and Gas
11.10.4 Ink and Paint
11.10.5 Other
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 Natural Asphalt Analysis and Forecast
12.1 Introduction
12.2 Latin America Natural 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 Natural Asphalt Market Size Forecast by Type
12.6.1 Derived from Coal
12.6.2 Derived from Oil
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 Natural Asphalt Market Size Forecast by Applications
12.10.1 Foundry
12.10.2 Construction
12.10.3 Oil and Gas
12.10.4 Ink and Paint
12.10.5 Other
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) Natural Asphalt Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Natural 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) Natural Asphalt Market Size Forecast by Type
13.6.1 Derived from Coal
13.6.2 Derived from Oil
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) Natural Asphalt Market Size Forecast by Applications
13.10.1 Foundry
13.10.2 Construction
13.10.3 Oil and Gas
13.10.4 Ink and Paint
13.10.5 Other
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 Natural Asphalt Market: Competitive Dashboard
14.2 Global Natural Asphalt Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 American Gilsonite Company
14.3.2 Wasit Group
14.3.3 Chemical Mine World
14.3.4 Asian Gilsonite
14.3.5 ATDM
14.3.6 Kardoost Ariya Company
14.3.7 Nikan West Gilsonite Company
14.3.8 Asia Gilsonite
