Report Information on UK Asphalt Market Research by Product Type By Mixture Type (Hot Mix Asphalt, Warm Mix Asphalt, Cold Mix Asphalt ) By Application UK Forecast to 2032

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Report Information on UK Asphalt Market Research by Product Type (Paving, Roofing, and Others) By Mixture Type (Hot Mix Asphalt (HMA), Warm Mix Asphalt (WMA), Cold Mix Asphalt (CMA)) By Application (Roadways, Waterproofing, Recreation, and Others) UK Forecast to 2032

Market Overview

The UK asphalt market size was estimated to be USD 8,742.0 million in 2023 and USD 8,902.3 million by 2024. The asphalt market is anticipated to expand to USD 14,565.4 million by 2032, with a compound annual growth rate (CAGR) of 6.3% over the forecast period (2024-2032).

Asphalt is a composite substance that is employed to pave roads, highways, and other infrastructure. It is composed of a combination of aggregates, which typically make up 95% of the entire composition, and bitumen, which accounts for approximately 5%. The bitumen is a viscous, black liquid that is derived from petroleum, while the aggregates are typically pulverized stone, gravel, or sand. In order to enhance the asphalt's overall performance and facilitate blending, the mixture of these two components is heated to approximately 120 degrees Celsius (248 degrees Fahrenheit).

The bitumen serves as a binding agent, ensuring that the aggregates are held together and that the asphalt can adhere to the underlying surface, while the aggregates in asphalt contribute to structural integrity and stability. Additionally, the bitumen serves to prevent the aggregates from shifting or separating, thereby guaranteeing a durable and uniform surface. Insulated vehicles are used to transport asphalt to construction sites to preserve its temperature and prevent it from unduly hardening and cooling. This guarantees that the asphalt is placed down and compacted efficiently, resulting in a high-quality finish. The asphalt is subsequently spread and compacted using specialized equipment, such as rollers and pavers, to accomplish the desired thickness and density.

In recent years, the construction industry in the United Kingdom has been characterized by consistent development, which has been influenced by factors such as population growth, urbanization, and government initiatives to enhance infrastructure. The government is increasing its investment in the construction and development of infrastructure projects, including roads, rail, harbors, tunnels, and airport runways. The United Kingdom's extensive road network necessitates consistent maintenance and enhancements to accommodate the growing volume of traffic and guarantee safety.

Market segment insights

According to the product classification, the UK Asphalt Market has been segmented into Paving, Roofing, and Others. In 2023, the Paving segment held most of the market with a revenue share of 92.03%. It is anticipated to experience a compound annual growth rate (CAGR) of 6.5% during the forecast period.

Hot Mix Asphalt (HMA) is the most frequently employed asphalt variety in the United Kingdom, and it is renowned for its exceptional durability and capacity to resist heavy loads. In a mixing plant, the aggregate and asphalt cement are heated to high temperatures, typically between 150°C and 180°C, as part of the HMA preparation procedure.

The demand for bitumen is also influenced by the growing popularity of sustainable and eco-friendly construction methods, which prioritize the use of recycled materials and reduce environmental impact.

Major Players

Aggregate Industries, Tarmac, Breedon Group, Heidelberg Materials, CEMEX S.A.B de C.V, Eurovia, FM Conway, Newlay Asphalt, and Others are among the foremost participants in the market.

Product Code: MRFR/CnM/42142-CR

1 EXECUTIVE SUMMARY

2 MARKET INTRODUCTION

2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE

3 RESEARCH METHODOLOGY

3.1 OVERVIEW
3.2 DATA FLOW
- 3.2.1 Data Mining Process
3.3 PURCHASED DATABASE:
3.4 SECONDARY SOURCES:
- 3.4.1 Secondary Research data flow:
3.5 PRIMARY RESEARCH:
- 3.5.1 Primary Research DATA FLOW:
- 3.5.2 Primary Research: Number of Interviews conducted
3.6 APPROACHES FOR MARKET SIZE ESTIMATION:
- 3.6.1 Consumption & Net Trade Approach
- 3.6.2 Revenue Analysis Approach
3.7 DATA FORECASTING
- 3.7.1 Data forecasting Technique
3.8 DATA MODELING
- 3.8.1 microeconomic factor analysis:
- 3.8.2 Data modeling:
3.9 TEAMS AND ANALYST CONTRIBUTION

4 MARKET DYNAMICS

4.1 INTRODUCTION
4.2 DRIVERS
- 4.2.1 Growing Construction Activities in UK
- 4.2.2 Increasing Demand from Recreation Sector
4.3 RESTRAINTS
- 4.3.1 Environmental Concerns Associated with Production and Use of Asphalt
4.4 OPPORTUNITY
- 4.4.1 increasing funding in Maintenance and Rehabilitation of Existing Roads
- 4.4.2 growing trend towards the use of reclaimed asphalt pavement (RAP) in asphalt mixtures
4.5 IMPACT ANALYSIS OF COVID-19
- 4.5.1 Impact on Overall Chemicals & Materials Industry
  - 4.5.1.1 Economic Impact
- 4.5.2 Impact On United Kingdom Asphalt Market
- 4.5.3 Impact on the Supply Chain of the UK Asphalt Market
- 4.5.4 Impact on Market Demand of Asphalt Market
4.6 OVERVIEW OF CEMENT BOUND GRANULAR MIXTURE (CBGM) / HYDRAULICALLY BOUND MATERIALS (HBM) IN ROADMAKING

5 MARKET FACTOR ANALYSIS

5.1 SUPPLY CHAIN ANALYSIS
- 5.1.1 Participants
  - 5.1.1.1 RAW MATERIALS SUPPLY
  - 5.1.1.1.1 Raw Material Selection & Procurement
  - 5.1.1.1.2 Quality and Purity Standards
  - 5.1.1.2 MANUFACTURING
  - 5.1.1.2.1 Processing & Production
  - 5.1.1.2.2 Product Development and Innovation
  - 5.1.1.3 SALES & DISTRIBUTION
  - 5.1.1.3.1 Logistics
  - 5.1.1.3.2 Sales and Marketing Strategies
  - 5.1.1.4 END-USER
  - 5.1.1.4.1 Customer Needs, Preferences, Pain Points & Applications
5.2 PORTER'S FIVE FORCES MODEL
- 5.2.1 Bargaining Power of Suppliers
- 5.2.2 Bargaining Power of Buyers
- 5.2.3 Threat of New Entrants
- 5.2.4 Threat of Substitutes
- 5.2.5 Intensity of Rivalry
5.3 PRICING OVERVIEW,-2032, (USD/TON)
5.4 SUPPLY-DEMAND ANALYSIS
5.5 TRADE ANALYSIS OF ASPHALT UNDER HS CODE - (BITUMEN AND ASPHALT, NATURAL; BITUMINOUS OR OIL-SHALE AND TAR SANDS; ASPHALTITES AND ASPHALTIC
- 5.5.1 Import analysis
- 5.5.2 Export analysis (Bitumen and asphalt, natural; bituminous or oil-shale and tar sands; asphaltites and asphaltic)
5.6 TECHNOLOGY ADVANCEMENTS IN UK ASPHALT MARKET
- 5.6.1 Technology roadmap
- 5.6.2 Compatibility With Materials
- 5.6.3 Advanced Testing and Analysis
5.7 REGULATORY FRAMEWORK
- 5.7.1 Overview On Environmental & Safety Issues
- 5.7.2 Government Policies
- 5.7.3 certification and standards
  - 5.7.3.1 ASTM Standards
  - 5.7.3.2 Environmental Certifications
5.8 RESEARCH AND DEVELOPMENT REVIEW
- 5.8.1 Patent Filing trend
5.9 ADJACENT MARKET ANALYSIS
- 5.9.1 Global construction materials market
- 5.9.2 Global Road Construction Materials Market

6 UNITED KINGDOM ASPHALT MARKET, BY PRODUCT TYPE

6.1 OVERVIEW
- 6.1.1 Paving
- 6.1.2 Roofing
- 6.1.3 Others

7 UNITED KINGDOM ASPHALT MARKET, BY MIXTURE TYPE

7.1 OVERVIEW
- 7.1.1 Hot Mix Asphalt (HMA)
- 7.1.2 Warm Mix Asphalt (WMA)
- 7.1.3 Cold Mix Asphalt (CMA)

8 UNITED KINGDOM ASPHALT MARKET, BY APPLICATION

8.1 OVERVIEW
8.2 UNITED KINGDOM ASPHALT MARKET, BY APPLICATION,-2032 (USD MILLIONS)
- 8.2.1 Roadways
- 8.2.2 Waterproofing
- 8.2.3 Recreation
- 8.2.4 Others
8.3 ENGLAND
8.4 SCOTLAND
8.5 WALES
8.6 NORTHERN IRELAND

9 COMPETITIVE LANDSCAPE

9.1 INTRODUCTION
9.2 COMPETITION DASHBOARD
9.3 MARKET SHARE ANALYSIS,
9.4 COMPARATIVE ANALYSIS: KEY PLAYERS FINANCIAL,
9.5 KEY DEVELOPMENTS & GROWTH STRATEGIES
- 9.5.1 App launch
- 9.5.2 product launch
- 9.5.3 Capacity Expansion
- 9.5.4 Acquisition
- 9.5.5 Partnership

10 COMPANY PROFILES

10.1 HEIDELBERG MATERIALS
- 10.1.1 COMPANY OVERVIEW
- 10.1.2 FINANCIAL OVERVIEW
- 10.1.3 PRODUCTS OFFERed
- 10.1.4 KEY DEVELOPMENTS
- 10.1.5 SWOT ANALYSIS
- 10.1.6 Key Strategy
10.2 AGGREGATE INDUSTRIES
- 10.2.1 COMPANY OVERVIEW
- 10.2.2 FINANCIAL OVERVIEW
- 10.2.3 PRODUCTS OFFERed
- 10.2.4 KEY DEVELOPMENTS
- 10.2.5 SWOT ANALYSIS
- 10.2.6 Key Strategy
10.3 TARMAC
- 10.3.1 COMPANY OVERVIEW
- 10.3.2 FINANCIAL OVERVIEW
- 10.3.3 PRODUCTS OFFERed
- 10.3.4 KEY DEVELOPMENTS
- 10.3.5 SWOT ANALYSIS
- 10.3.6 Key Strategy
10.4 CEMEX S.A.B DE C.V
- 10.4.1 COMPANY OVERVIEW
- 10.4.2 FINANCIAL OVERVIEW
- 10.4.3 PRODUCTS OFFERed
- 10.4.4 KEY DEVELOPMENTS
- 10.4.5 SWOT ANALYSIS
- 10.4.6 Key Strategy
10.5 BREEDON GROUP PLC
- 10.5.1 COMPANY OVERVIEW
- 10.5.2 FINANCIAL OVERVIEW
- 10.5.3 PRODUCTS OFFERed
- 10.5.4 KEY DEVELOPMENTS
- 10.5.5 SWOT ANALYSIS
- 10.5.6 Key Strategy
10.6 EUROVIA
- 10.6.1 COMPANY OVERVIEW
- 10.6.2 FINANCIAL OVERVIEW
- 10.6.3 PRODUCTS OFFERed
- 10.6.4 KEY DEVELOPMENTS
- 10.6.5 SWOT ANALYSIS
- 10.6.6 Key Strategy
10.7 FM CONWAY
- 10.7.1 COMPANY OVERVIEW
- 10.7.2 FINANCIAL OVERVIEW
- 10.7.3 PRODUCTS OFFERed
- 10.7.4 KEY DEVELOPMENTS
- 10.7.5 SWOT ANALYSIS
- 10.7.6 Key Strategy
10.8 NEWLAY ASPHALT
- 10.8.1 COMPANY OVERVIEW
- 10.8.2 FINANCIAL OVERVIEW
- 10.8.3 PRODUCTS OFFERed
- 10.8.4 KEY DEVELOPMENTS
- 10.8.5 SWOT ANALYSIS
- 10.8.6 Key Strategy

11 DATA CITATIONS