Building Materials & Hardware · Direct
Monitoring · monthlyProcurement Category Intelligence
Asphalt Pavement
Overview
Market size
$65.4B
global, USD
CAGR
4.7%
base to forecast
Buyer power
-1.8
supplier-favoured
Suppliers
1
tracked players
Signals
9
3 high severity
Market outlook
2031$82.3B
What changed
Demand by region
Asia Pacific demand38%
North America demand25%
Europe demand21%
Middle East & Africa demand10%
Latin America demand6%
share of global demandtotal 100%
Cost drivers
Bitumen asphalt binder40%
Mineral aggregates and stone25%
Energy and plant fuel15%
Logistics and hauling transportation12%
Labor and plant operations8%
share of delivered cost (analyst estimate)