Hydrocarbons & Petroleum Products · Direct
Monitoring · monthlyProcurement Category Intelligence
Asphalt - Paving Grade
Overview
Market size
$52.0B
global, USD
CAGR
3.2%
base to forecast
Buyer power
-2.6
supplier-favoured
Suppliers
2
tracked players
Signals
12
1 high severity
Market outlook
2031$60.9B
What changed
Demand by region
Asia Pacific demand42%
North America demand26%
Europe demand18%
Latin America demand8%
Rest of world demand6%
share of global demandtotal 100%
Cost drivers
Petroleum-derived bitumen (vacuum tower bottom resi feedstock)55%
Chemical additives (modifiers, emulsifiers, adhesion promoters)15%
Refinery processing and energy inputs12%
Logistics and specialized liquid freight10%
Labor and plant overheads8%
share of delivered cost (analyst estimate)