First Research US Industry Profile

View Sample
Asphalt Products Manufacturing
SIC Codes: 2951, 2952
NAICS Codes: 32412
Last Quarterly Update: 5/13/2019
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, Carlisle, and Boral Limited; segments of large construction products companies CRH (Ireland), LafargeHolcim, and Compagnie de Saint-Gobain; and segments of large refined petroleum product companies such as BP, Marathon Petroleum, and Valero.
Global asphalt production is expected to grow about 4% by 2025, from $84 billion in 2017, according to Global Market Insights. Growth in demand for asphalt is strongest in the Asia/Pacific region, particularly China and India. Asphalt is often referred to as bitumen, petroleum bitumen, or asphaltic bitumen outside North America.
The US asphalt products manufacturing industry includes about 1,600 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $22 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 and exports of asphalt paving mixtures each account for about 2% of US production. Canada is the primary trade partner for US asphalt mix.
Products, Operations & Technology
Major products include asphalt paving mixtures and asphalt blocks (about 55% of industry revenue), and roofing and saturated materials (about 45%). Asphalt ... plus:
Sales & Marketing
,
Finance & Regulation
,
Regional & International Issues
,
Human Resources
Also includes the following chapters:
Quarterly Industry Update
,
Industry Indicators
,
Business Challenges
,
Trends and Opportunities
,
Call Preparation Questions
,
Financial Information
,
Industry Forecast
,
Industry Websites
,
Glossary of Acronyms

Historical Profiles (PDF format)

02/11/2019
11/05/2018
08/06/2018
05/07/2018
02/05/2018
10/30/2017
07/31/2017
05/01/2017
01/30/2017
10/24/2016
07/25/2016
04/25/2016
01/25/2016
10/19/2015
07/20/2015
04/20/2015
01/26/2015
10/27/2014