The global asphalt market is estimated to be valued at USD 222.0 million in 2019 and is expected to reach a value of USD (insert market value for 2022) million by 2022, growing at a CAGR of (insert CAGR)% during the forecast period, according to a new report published by Coherent Market Insights.

A) Market Overview:
Asphalt, also known as bitumen, is a sticky, black, and highly viscous liquid or semi-solid form of petroleum. It is primarily used in road construction and ... Read more

Asphalt is a sticky, black, and highly viscous liquid or semi-solid form of petroleum that is mainly used for surfacing of roads and roofing materials. It can be easily laid down and packed into surfaces to help bind aggregates together. It is commonly produced by heating crude oil residues from the distillation process to a temperature between 130-280°C. Asphalt is widely used in the construction of roads, bridges, structures to pave the way for vehicles, parking lots, walkways, and airport ... Read more

Asphalt is widely used as a construction material for highway construction and repair work due to its efficiency and cost-effectiveness. It helps in laying down a durable and waterproof surface for roads, parking lots, pavements, and driveways. The use of hot and cold asphalt mixes for new road construction and expansion of existing highways and inter-city roads has been growing substantially in recent years. The global asphalt market is estimated to be valued at US$ 246.59 Bn in ... Read more

Asphalt is a widely used construction material for pavement and roofing applications owing to its durability, flexibility, and resistance to water damage. It is made by mixing mineral aggregate and liquid asphalt cement binder. Asphalt is used in the construction of roads, bridges, parking lots, airports, and footpaths due to its load-bearing capacity and resistance to abrasion. The increasing construction of roads, highways, bridges driven by growing urbanization and industrialization has ... Read more