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South Africa Asphalt Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The South Africa asphalt market is expected to exhibit a CAGR of 5.8% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Asphalt refers to a black-colored, semi-solid hydrocarbon material that is extracted from petroleum distillation residue. Some of the common types of asphalt include penetration grade, cutback, modified, and emulsions. Asphalt is primarily used as a binding agent in the construction of roads, parking areas, pavements, and driveways as it binds crushed stone and aggregates into the firm surfaces. It also helps in reducing fuel consumption, enhancing vehicular performance, and improving road safety by providing a better grip to the wheels. Furthermore, asphalt is also used as an adhesive, sealant, and waterproofing agent across the residential, commercial, and industrial sectors.

In South Africa, the rising levels of urbanization along with the growing number of construction activities are propelling the demand for asphalt. Furthermore, the shift from conventional building materials towards asphalt-based materials due to its higher durability, crack-resistance and enhanced binding properties is also driving the market growth. Additionally, the increasing utilization of asphalt in the maintenance of existing roads, highways, runways, pavements, etc., is further augmenting the product demand in South Africa. In line with this, the increasing development of modern housing projects and numerous remodeling activities are also bolstering the demand for asphalt for sealing carpet tile backing, pipe coatings, paint, etc. With the rising levels of industrialization, asphalt also finds diverse applications in low-slope roofing products, such as modified bitumen membranes, mopping asphalts, roll roofing, etc. In the coming years, the growing popularity of innovative product variants, including emulsified asphalt and polymer modified asphalt, will continue to drive the market for asphalt in South Africa.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the South Africa asphalt market report, along with forecasts for the period 2022-2027. Our report has categorized the market based on product, application and type.

Breakup by Product:

  • Paving
  • Roofing
  • Others
     

Breakup by Application:

  • Roadways
  • Waterproofing
  • Coatings
  • Recreation
  • Others
     

Breakup by Type:

  • Penetration Grade
  • Cutback
  • Modified
  • Emulsions
     

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Actop, Caltex Asphalt, Engen Refineries, National Asphalt Company, Natref Refinery, Mosal Bay GTF Refinery, SAPREF and Sasol Ltd.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
Segment Coverage Product, Application, Type
Companies Covered Actop, Caltex Asphalt, Engen Refineries, National Asphalt Company, Natref Refinery, Mosal Bay GTF Refinery, SAPREF and Sasol Ltd
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   South Africa Asphalt Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Product
    6.1    Paving
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Roofing
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Others
        6.3.1 Market Trends
        6.3.2 Market Forecast
7   Market Breakup by Application
    7.1    Roadways
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Waterproofing
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Coatings
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Recreation
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Others
        7.5.1 Market Trends
        7.5.2 Market Forecast
8   Market Breakup by Type
    8.1    Penetration Grade
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Cutback
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3   Modified
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4   Emulsions
        8.4.1 Market Trends
        8.4.2 Market Forecast
9   SWOT Analysis
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10  Value Chain Analysis
11  Porters Five Forces Analysis

    11.1    Overview
    11.2    Bargaining Power of Buyers
    11.3    Bargaining Power of Suppliers
    11.4    Degree of Competition
    11.5    Threat of New Entrants
    11.6    Threat of Substitutes
12  Price Analysis 
13  Competitive Landscape

    13.1    Market Structure
    13.2    Key Players
    13.3    Profiles of Key Players
        13.3.1    Actop
           13.3.1.1 Company Overview
           13.3.1.2 Business Portfolio
        13.3.2    Caltex Asphalt
           13.3.2.1 Company Overview
           13.3.2.2 Business Portfolio
        13.3.3    Engen Refineries
           13.3.3.1 Company Overview
           13.3.3.2 Business Portfolio
           13.3.3.3 Financials
           13.3.3.4 SWOT Analysis
        13.3.4    National Asphalt Limited
           13.3.4.1 Company Overview
           13.3.4.2 Business Portfolio
           13.3.4.3 SWOT Analysis
        13.3.5    Natref Refinery
           13.3.5.1 Company Overview
           13.3.5.2 Business Portfolio
           13.3.5.3 Financials
           13.3.5.4 SWOT Analysis
        13.3.6    Mosal Bay GTF Refinery
           13.3.6.1 Company Overview
           13.3.6.2 Business Portfolio
           13.3.6.3 Financials
           13.3.6.4 SWOT Analysis
        13.3.7    SAPREF
           13.3.7.1 Company Overview
           13.3.7.2 Business Portfolio
           13.3.7.3 Financials
           13.3.7.4 SWOT Analysis
        13.3.8    Sasol Limited
           13.3.8.1 Company Overview
           13.3.8.2 Business Portfolio

List of Figures

Figure 1: South Africa: Asphalt Market: Major Drivers and Challenges
Figure 2: South Africa: Asphalt Market: Sales Value (in Million US$), 2016-2021
Figure 3: South Africa: Asphalt Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: South Africa: Asphalt Market: Breakup by Product (in %), 2021
Figure 5: South Africa: Asphalt Market: Breakup by Application (in %), 2021
Figure 6: South Africa: Asphalt Market: Breakup by Type (in %), 2021
Figure 7: South Africa: Asphalt (Paving) Market: Sales Value (in Million US$), 2016 & 2021
Figure 8: South Africa: Asphalt (Paving) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 9: South Africa: Asphalt (Roofing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: South Africa: Asphalt (Roofing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: South Africa: Asphalt (Other Products) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: South Africa: Asphalt (Other Products) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: South Africa: Asphalt (Roadways) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: South Africa: Asphalt (Roadways) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: South Africa: Asphalt (Waterproofing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: South Africa: Asphalt (Waterproofing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: South Africa: Asphalt (Coatings) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: South Africa: Asphalt (Coatings) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: South Africa: Asphalt (Recreation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: South Africa: Asphalt (Recreation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: South Africa: Asphalt (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: South Africa: Asphalt (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: South Africa: Asphalt (Penetration Grade) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: South Africa: Asphalt (Penetration Grade) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: South Africa: Asphalt (Cutback) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: South Africa: Asphalt (Cutback) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: South Africa: Asphalt (Modified) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: South Africa: Asphalt (Modified) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: South Africa: Asphalt (Emulsions) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: South Africa: Asphalt (Emulsions) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: South Africa: Asphalt Industry: SWOT Analysis
Figure 32: South Africa: Asphalt Industry: Value Chain Analysis
Figure 33: South Africa: Asphalt Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: South Africa: Asphalt Market: Key Industry Highlights, 2021 and 2027
Table 2: South Africa: Asphalt Market Forecast: Breakup by Product (in Million US$), 2022-2027
Table 3: South Africa: Asphalt Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: South Africa: Asphalt Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 5: South Africa: Asphalt Market: Key Price Indicators 
Table 6: South Africa: Asphalt Market: Competitive Structure
Table 7: South Africa: Asphalt Market: Key Players


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Key Questions Answered in This Report

We expect the South Africa asphalt market to exhibit a CAGR of 5.8% during 2022-2027.

The extensive utilization of asphalt as an adhesive, sealant, and waterproofing agent across the residential, commercial, and industrial sectors is primarily driving the South Africa asphalt market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the nation, resulting in the temporary closure of numerous manufacturing units for asphalt.

Based on the product, the South Africa asphalt market can be segmented into paving, roofing, and others. Currently, paving holds the majority of the total market share.

Based on the application, the South Africa asphalt market has been divided into roadways, waterproofing, coatings, recreation, and others. Among these, roadways currently exhibit a clear dominance in the market.

Based on the type, the South Africa asphalt market can be categorized into penetration grade, cutback, modified, and emulsions. Currently, penetration grade accounts for the largest market share.

Some of the major players in the South Africa asphalt market include Actop, Caltex Asphalt, Engen Refineries, National Asphalt Company, Natref Refinery, Mosal Bay GTF Refinery, SAPREF, and Sasol Ltd.

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