South Africa Asphalt Market Report by Product (Paving, Roofing, and Others), Application (Roadways, Waterproofing, Coatings, Recreation, and Others), Type (Penetration Grade, Cutback, Modified, Emulsions) 2024-2032

South Africa Asphalt Market Report by Product (Paving, Roofing, and Others), Application (Roadways, Waterproofing, Coatings, Recreation, and Others), Type (Penetration Grade, Cutback, Modified, Emulsions) 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A3976
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Market Overview:

The South Africa asphalt market size is expected to exhibit a growth rate (CAGR) of 5.25% during 2024-2032.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Growth Rate (2024-2032) 5.25%


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 segment of the South Africa asphalt market report, along with forecasts for the period 2024-2032. 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 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699
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

We expect the South Africa asphalt market to exhibit a CAGR of 5.25% during 2024-2032.

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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South Africa Asphalt Market Report by Product (Paving, Roofing, and Others), Application (Roadways, Waterproofing, Coatings, Recreation, and Others), Type (Penetration Grade, Cutback, Modified, Emulsions) 2024-2032
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