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

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. Demand was bolstered by government spending on road and highway construction early in the period, which helps demand for the paving asphalt used in the construction and maintenance of highways. The industry is expected to expand over the five years to 2022...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22

Industry Threats & Opportunities

  • Companies experienced lower demand for some asphalt products used for construction applications over the period
  • 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
  • Industry Report - Industry Locations Chapter

    The United States is home to 1,596 asphalt manufacturing facilities. 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.SoutheastThe Southeast has both the largest share of the US population as well as the largest number of asphalt manufacturing facilities (26.0%). The...purchase to read more.

    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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    What's in this report

    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

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    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
  • Trade conditions
  • 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

  • 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
  • Nonresidential construction
  • Residential 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
    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 competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Asphalt Manufacturing Industry

  • Industry Globalization
    Owens Corning, CRH PLC,
  • Table: Owens Corning - financial performance
  • Table: CRH PLC - financial performance

  • 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
    Table: Industry Data for the Asphalt Manufacturing Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Government Funding for Highways (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
  • 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.
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    Why buy this report?

    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.

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    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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