*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

South Africa Asphalt Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The South Africa asphalt market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the South Africa asphalt market to grow at a CAGR of around 6% during the next five years. 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 growth at the region level from 2021-2026. 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 Coverages:

Report Features Details
Base Year of the Analysis 2020
Historical Period 2015-2020
Forecast Period 2021-2026
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$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
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)

 

Key Questions Answered in This Report:

  • How has the South Africa asphalt market performed so far and how will it perform in the coming years?
  • What is the impact of COVID-19 on South Africa asphalt market?
  • What is the breakup of the market based on the product?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the type?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the market?
  • What is the structure of the South Africa asphalt market and who are the key players?
  • What is the degree of competition in the South Africa asphalt market?

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
           13.2.4.3 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$), 2015-2020
Figure 3: South Africa: Asphalt Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 4: South Africa: Asphalt Market: Breakup by Product (in %), 2020
Figure 5: South Africa: Asphalt Market: Breakup by Application (in %), 2020
Figure 6: South Africa: Asphalt Market: Breakup by Type (in %), 2020
Figure 7: South Africa: Asphalt (Paving) Market: Sales Value (in Million US$), 2015 & 2020
Figure 8: South Africa: Asphalt (Paving) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 9: South Africa: Asphalt (Roofing) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: South Africa: Asphalt (Roofing) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: South Africa: Asphalt (Other Product Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: South Africa: Asphalt (Other Product Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: South Africa: Asphalt (Roadways) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: South Africa: Asphalt (Roadways) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: South Africa: Asphalt (Waterproofing) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: South Africa: Asphalt (Waterproofing) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: South Africa: Asphalt (Coatings) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: South Africa: Asphalt (Coatings) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: South Africa: Asphalt (Recreation) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: South Africa: Asphalt (Recreation) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: South Africa: Asphalt (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: South Africa: Asphalt (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: South Africa: Asphalt (Penetration Grade) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: South Africa: Asphalt (Penetration Grade) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: South Africa: Asphalt (Cutback) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: South Africa: Asphalt (Cutback) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: South Africa: Asphalt (Modified) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: South Africa: Asphalt (Modified) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: South Africa: Asphalt (Emulsions) Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: South Africa: Asphalt (Emulsions) Market Forecast: Sales Value (in Million US$), 2021-2026
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, 2020 and 2026
Table 2: South Africa: Asphalt Market Forecast: Breakup by Product (in Million US$), 2021-2026
Table 3: South Africa: Asphalt Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 4: South Africa: Asphalt Market Forecast: Breakup by Type (in Million US$), 2021-2026
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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