Asphalt Products Manufacturing Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 1/30/2017
SIC Codes: 2951, 2952
NAICS Codes: 32412
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
View Full Sample Add To Cart

Excerpt from Asphalt Products Manufacturing Industry Profile

Companies in this industry manufacture asphalt and tar mixtures for paving and blocks, as well as asphalt shingles, roofing cements, and coatings. Major companies include building materials manufacturers such as Owens Corning and CertainTeed; segments of large aggregate companies such as CRH (Ireland), Lafarge North America, and Vulcan Materials; and segments of large refined petroleum product companies such as BP (UK), Marathon Petroleum, and Valero.

Global asphalt production is expected to grow about 4% annually through 2017 to exceed 120 million metric tons, according to Freedonia. North America, Europe, and Asia dominate the asphalt product market. Asphalt is often referred to as bitumen, petroleum bitumen, or asphaltic bitumen outside North America.

The US asphalt products manufacturing industry includes about 600 companies with combined annual revenue of about $24 billion.

COMPETITIVE LANDSCAPE

Demand is determined primarily by the availability of government road building funds and nonresidential and residential construction activity. The profitability of individual companies is strongly dependent on efficient operations. Large companies enjoy economies of scale in purchasing and the ability to invest in technologies that improve efficiency. Small manufacturers can compete through superior customer service and by serving small or rural markets. The US industry is concentrated: the top 50 companies account for about 70% of industry revenue.

Because of the high cost of transportation relative to the value of the goods, trade in asphalt products is limited. Imports of asphalt paving ...

 
View Full Sample Add To Cart Return to the Industry Profile Menu

Related Profiles

Here are a few profiles related to Asphalt Products Manufacturing that you also might be interested in viewing:

Would you or your company benefit from having unlimited access to First Research's industry intelligence tools?

Learn More About Subscription Options