Dublin, March 30, 2015 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/6srdck/global_asphalt) has announced the addition of the "Global Asphalt Market 2015-2019" report to their offering.
The Global Asphalt market to grow at a CAGR of 4% over the period 2014-2019
Asphalt is a binder and filler; it is a refined residue obtained from the distillation process of some specific petroleum-refined crude oils. It is primarily used in road construction for binding and is normally mixed with aggregate particles for creating asphalt concrete. The aggregate particles used in asphalt mixtures mainly consist of rock, sand, gravel, or slag. Asphalt finds its application in a variety of areas such as paving, roofing, and waterproof sealing.
Increased recycling rates is one of the major trends upcoming in the market. Asphalt is the most recycled product in the Americas with a recycling rate of 80 percent. The rising popularity of RAP along with the need to reduce the cost and wastage of materials is resulting in increased recycling rates.
According to the report, one of the main factors driving the growth of the market is the huge increase in traffic that requires the construction of new roads and the maintenance of existing ones. Asphalt is preferred for road construction because of its benefits such as long life under any traffic volumes, infrequent maintenance, value for money, smooth ride, 100 percent recyclability, and reduced noise levels.
Further, the report states that the market is facing some environmental and sustainability issues. Asphalt poses a significant environmental hazard and has potentially alarming effects, which acts as a major challenge for the Asphalt industry.
Key Vendors
- BP
- CEMEX
- ExxonMobil
- Imperial Oil
- Royal Dutch Shell
Other Prominent Vendors
- Aggregate Industries
- Akzo Nobel
- Anglo American
- Atlas Roofing
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Introduction
- Market Landscape
- Market Segmentation by Application
- Market Segmentation by End-users
- Geographical Segmentation
- Key Leading Countries
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/6srdck/global_asphalt