Asphalt Market Report Significant Highlights, Statistical and Historical Data Forecast 2021-20268/17/2021 According to the latest report by IMARC Group, titled "Asphalt Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026," the global asphalt market size reached US$ 80.17 Billion in 2020. Asphalt is a sticky, black and semi-solid binding material that is obtained from natural deposits or refining the residue from the crude oil distillation process. Also known as bitumen, it is a highly viscous liquid or semi-solid form of petroleum that comprises hydrogen and carbon with minor proportions of sulfur, nitrogen, and oxygen. It is extremely durable in nature with excellent resistance to crack and temperature variations. It is majorly used as a glue or binder with aggregate particles for creating asphalt concrete, which is widely used in the construction of roads, waterproofing and sealing flat roofs.
Request for a PDF sample of this report: https://www.imarcgroup.com/asphalt-market/requestsample We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report. Global Asphalt Market Trends: The global market is primarily driven by considerable growth in the construction sector. With rapid urbanization and increasing population, there has been an escalating need for the construction of residential spaces as well as infrastructural development. Asphalt is commonly used for the construction of highways and pavements that provides vehicles with better grip and improved safety. It is also utilized as a preferred roofing material due to its affordable nature and exceptional waterproofing property, thereby providing an impetus to the market growth. The market is further driven by the favorable initiatives undertaken by the government of various countries to promote the usage of recycled asphalt pavement (RAP) across the residential and commercial segments. RAP involves the emulsion being blended with old pavements to be utilized for repairing damaged roads and the reconstruction of worn highway surfaces. Some of the other factors contributing to the market growth include the growing preference for sustainable construction and the rising popularity of polymerized asphalt cement for building activities. On account of the aforementioned factors, the market is expected to reach a value of US$ 109.31 Billion by 2026, expanding at a CAGR of 5.30% during 2021-2026. Market Summary:
Ask Analyst for Customization and Explore full report with TOC & List of Figures: https://www.imarcgroup.com/asphalt-market We are updating our reports, If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours. Key highlights of the report:
Related Reports by IMARC Group: White Cement Market: https://www.imarcgroup.com/white-cement-manufacturing-plant Toluene Market: https://www.imarcgroup.com/toluene-technical-material-market-report Isopropyl Alcohol Market: https://www.imarcgroup.com/isopropyl-alcohol-technical-material-market-report North America Biofertilizer Market: https://www.imarcgroup.com/north-america-biofertilizer-market UV Curable Resins Market: https://www.imarcgroup.com/uv-curable-resins-market North America Methanol Market: https://www.imarcgroup.com/North-america-methanol-market Facade Market: https://www.imarcgroup.com/facade-market India Soda Ash Market: https://www.imarcgroup.com/india-soda-ash-market Asia Pacific Soda Ash Market: https://www.imarcgroup.com/asia-pacific-soda-ash-market Europe Soda Ash Market: https://www.imarcgroup.com/europe-soda-ash-market United States Soda Ash Market: https://www.imarcgroup.com/united-states-soda-ash-market Asia Pacific Acetic Acid Market: https://www.imarcgroup.com/asia-pacific-acetic-acid-market Europe Acetic Acid Market: https://www.imarcgroup.com/europe-acetic-acid-market About Us IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC’s information products include major market, scientific, economic and technological developments for business leaders in biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, and nanotechnology industries. We also provide cost model and manufacturing setup project reports through Syndicated Analytics, a subsidiary of IMARC Group. Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations. Contact US: IMARC Group 30 N Gould St Ste R Sheridan, WY 82801 USA - Wyoming Email: [email protected] Tel No:(D) +91 120 433 0800 Americas: - +1 631 791 1145 | Africa and Europe: - +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
0 Comments
Leave a Reply. |
|