Asphalt Manufacturing in the US - Industry Market Research Report

Asphalt Manufacturing in the US - Industry Market Research Report

  • April 2021 •
  • 44 pages •
  • Report ID: 198717 •
  • Format: PDF
Hot surface: Residential and nonresidential construction activity will likely grow, supporting industry demand

Abstract

Asphalt Manufacturing in the US
The Asphalt Manufacturing industry’s performance closely follows developments in construction and road infrastructure building. The construction section has recovered over the five years to 2019. However, volatile input prices have caused top-line selling prices to remain inconsistent over the past five years. This trend has led to revenue declines for industry operators during the first half of the current period. The industry is expected to expand over the five years to 2024. Government funding for highways is anticipated to increase as improvements in state and local government budgets expand tax revenue available for investment in road infrastructure. At the same time, residential and nonresidential construction activity are both projected to grow.

Industry operators manufacture paving and roofing materials, including asphalt and tar-paving mixtures and blocks, shingles, roofing cements and coatings. These products are produced from purchased asphaltic materials, paper mats and felts. Operators do not refine the crude petroleum or produce the paper mats and felts that comprise industry products. Companies that conduct such services are included in the Petroleum Refining (IBISWorld report 32411) and Paper Mills (32212) industries.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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