Global Asphalt Binder Market Overview:
The asphalt binder, sometimes referred to as the asphalt cement binder or the asphalt cement, is an essential component of asphalt concrete—it is as the name implies the cement that holds the aggregate together. The asphalt binder is a co-product of the petroleum-refining system that produces gasoline, diesel fuel, lubricating oil, as well as several other petroleum products. The asphalt binder is produced from the thick, heavy residue (residuum) that remains after the distillation of petroleum to remove fuels and lubricants.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
The Adoption of Technology for Sustainable and Environmentally Friendly Asphalt Binders,
Market Growth Drivers:
Growing Road Construction Infrastructure Worldwide and The Rising Demand for Asphalt Binder from Chemical industry
Challenges:
increased use of reclaimed asphalt pavement (RAP) challenges contractors and agencies to find a new mix design method that will reliably produce durable, long-lasting pavements
Restraints:
Fluctuations in Raw Material Prices
Opportunities:
The Emerging Growth Opportunities from Developing Countries
Competitive Landscape:
Asphalt Binder is a fragmented market due to the presence of a large number of established competitors. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Some of the key players profiled in the report are DuPont (United States), Peckham Industries (United States), Gilson Company, Inc. (United States), Axeon (United States), Sami Bitumen Technologies (Australia), SealMaster (United States), BP Products North America Inc. (United States), Zista Group (Iran) and JT Russell & Sons Inc. (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Asphalt Binder market by 2028. Considering Market by Channel, the sub-segment i.e. Direct Sales will boost the Asphalt Binder market.
Latest Market Insights:
What Can be Explored with the Asphalt Binder Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Asphalt Binder Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Asphalt Binder
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Asphalt Binder market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Asphalt Binder market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Asphalt Binder Manufacturers, Asphalt Binder Raw Material Suppliers, Asphalt Binder Traders/Distributors, Asphalt Binder Importer/Exporter, Regulatory & Government Bodies, Downstream Vendors, End Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.