London, 04 March 2015: TechNavio, the independent tech-focused global research firm, has published a report on the Global Asphalt Market 2015-2019, which is expected to grow at a CAGR of 4 percent during the period 2014-2019.
“According to a survey conducted by NAPA in partnership with FHWA, more than 99 percent of recycled asphalt in the US was used for new construction projects, pavement preservation, and other paving projects,” says Faisal Ghaus, Vice President of TechNavio.
“Governments in several countries are adopting the usage of recycled materials and warm-mix asphalt to ensure that they get high-quality, sustainable roads and also save the taxpayer money.”
Key Market Drivers
- Increase in Traffic
- Increased Use of RAP
- Upsurge in Construction Activities
Key Market Trends
- Increased Recycling Rates
- Advances in Technology
- Emergence of Innovative Pavement Technologies
Key Market Vendors
- BP plc
- CEMEX SAB de CV
- ExxonMobil Corp.
- Imperial Oil Ltd.
- Royal Dutch Shell plc
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
