Smooth surface: Industry revenue will increase as funding expands and construction markets grow

IBISWorld’s Asphalt Manufacturing Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.


Industry Threats & Opportunities

  • Government funding for highways is expected to continue increasing, boosting revenue
  • Trade in asphalt and tar-coated shingles, which are not limited by shipping, has increased
  • Asphalt products will continue to dominate downstream roofing and paving markets

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    Industry Analysis & Industry Trends

    The Asphalt Manufacturing industry's performance closely follows developments in construction and road infrastructure building. The collapse of the construction sector following the financial crisis greatly eroded demand for industry products, leading to a substantial decline in industry revenue. After recovering strongly, the industry has remained relatively stable in the past five years. The industry is expected to expand over the five years to 2021. Government funding for highways is anticipated to increase, especially 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 is projected to grow.


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    Industry Report - Industry Locations Chapter

    The United States is home to an estimated 2,957 asphalt manufacturing facilities, with roughly half of them having no employees. Asphalt manufacturers prefer to locate facilities near aggregate reserves and near major markets for construction. This is because paving asphalt must be delivered quickly following production to avoid hardening before being laid on a roadbed. Paving asphalt is mixed with aggregates such as stone, slag and sand to make an asphalt road. Therefore, manufacturers of asphalt also prefer to locate near quarries and mines where these aggregates can be readily harvested.


    The Southeast has both the largest share of the US population as well as the largest number of asphalt manufacturing facilities (25.7%). The..

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    Additional Insights for the Asphalt Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Asphalt Manufacturing Industry are

  • Effective cost controls
  • Access to the latest available and most efficient technology and techniques
  • Proximity to key markets
  • IBISWorld analysts also discuss how external factors such as Value of residential construction and Government funding for highways in the Asphalt Manufacturing industry impact industry performance..

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    Industry Products

    What is the Asphalt Manufacturing Industry?

    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.

    Industry Products
    Asphalt paving mixtures and blocks
    Roofing asphalts and pitches, coatings and cements
    Prepared asphalt and tar roofing and siding products
    Industry Activities
    Asphalt paving block
    Asphalt paving mixtures
    Asphalt road compounds
    Coal tar paving materials
    Asphalt roofing coatings and cement
    Asphalt shingle, board and mat
    Asphalt sheathing and siding
    Tar paper
    Tar roofing cement and coating

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Value of residential construction
  • Government funding for highways
  • Value of private nonresidential construction
  • Price of cement
  • World price of crude oil

  • Current Performance
  • Market demand
  • Industry stability
  • Increasing trade
  • Profit
  • Chart: Revenue Growth

  • Industry Outlook
  • Growing demand
  • Industry landscape
  • Decreasing profit
  • Table: Asphalt Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Asphalt Manufacturing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Industrial Building Construction
  • Roofing Contractors
  • Concrete Contractors
  • Commercial Building Construction
  • Municipal Building Construction
  • Road & Highway Construction
  • Road & Highway Maintenance
  • Road & Highway Services

  • Key Selling Industries
  • Paperboard Mills
  • Petroleum Refining
  • Sand & Gravel Mining
  • Textile Mills

  • Products & Services
  • Asphalt paving mixtures and blocks
  • Prepared asphalt and tar roofing and siding products
  • Roofing asphalts and pitches, coatings and cements
  • Chart: Asphalt Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
  • Road construction and maintenance
  • Residential and Nonresidential construction
  • Price of substitutes

  • Major Markets
  • Residential construction
  • Nonresidential construction
  • State and local government road infrastructure spending
  • Federal government road infrastructure spending
  • Exports
  • Chart: Major Market Segmentation for the Asphalt Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesRent and utilitiesDepreciation, marketing and other industry costs
  • Chart: Cost Structure Benchmarking – Sector vs Asphalt Manufacturing

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Asphalt Manufacturing Industry

  • Industry Globalization
    Major Companies
    CRH PLCOwens Corning Sales LLC
  • Table: CRH PLC - financial performance
  • Table: Owens Corning Sales LLC - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Asphalt Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Asphalt Manufacturing Industry
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • Government Funding for Highways (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
  • Crushed stone, gravel or sand; aggregates usually comprise between 90.0% and 95.0% of paving asphalt.
  • Asphalt
  • A vicious, semi-solid by-product of oil refining. Also known as bitumen
  • Asphalt Shingles
  • Shingles manufactured from saturated roofing felts (typically cloth or fiber glass) and coated with asphalt to protect from weather exposure.
  • Built Up Roof
  • Horizontal or nearly horizontal roofs, as opposed to more sloped roofs. They are commonly covered in asphalt or tar coated shingles.
  • Hot Mix Asphalt
  • The most commonly used paving asphalt mixture, which is typically heated to high temperatures and laid on a roadbed to dry.
  • Paving Asphalt
  • A mixture of asphalt and aggregates that is used to construct and maintain roads.
  • Reclaimed Asphalt Pavement (Rap)
  • Recycled asphalt that can be used as a low-cost input for asphalt manufacturers.
  • Warm/Cold Mix Asphalt
  • Paving asphalt that is diluted with wax, water or other liquids. Does not require as high temperatures when being laid on a roadbed.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Asphalt Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Asphalt Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Asphalt Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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