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Asphalt Manufacturing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Asphalt Manufacturing Market Research Report | NAICS 32412 | Oct 2016

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

IBISWorld’s Asphalt Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Annual Growth 11-16
Annual Growth 16-21
Annual Growth
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 - Starting a New Business Chapter

The barriers to entry into the Asphalt Manufacturing industry are medium. Obstacles that new businesses must overcome include the cost of establishing a plant and making an initial purchase of raw materials. New entrants also have to attract skilled workers and secure permits for location, daily operation, and environmental compliance from local government agencies.

A high-output asphalt plant, which can produce 400 tons of asphalt per hour, costs $4.0 million to purchase according to Pierce Flanigan III, president of Baltimore's P. Flanigan & Sons construction supply. According to Flanigan, an initial purchase of raw materials (i.e., stone, bitumen) typically costs another $2.0 million in addition to the initial cost of the plant. Als.. ... 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... purchase to read more


    Industry ProductsRelated Reports

    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 blocksRoofing asphalts and pitches, coatings and cementsPrepared asphalt and tar roofing and siding products
    Industry Activities
    Asphalt paving blockAsphalt paving mixturesAsphalt road compoundsCoal tar paving materialsAsphalt roofing coatings and cementAsphalt shingle, board and matAsphalt sheathing and sidingTar paperTar 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
  • Chart: Cost Structure Benchmarking – Sector vs Asphalt Manufacturing
  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Asphalt Manufacturing Industry
  • Industry Globalization
    Major Companies
    Owens 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
  • Includes:
  • 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 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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