The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
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.
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:
Breakup by Application:
Breakup by Type:
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.
|Base Year of the Analysis||2021|
|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)|
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.
Advanced Functional Materials Market by Type (Advanced Functional Composites, Advanced Functional Ceramics, Nano-Materials, Advanced Energy Materials, Conductive Polymers, and Others), End User (Healthcare, Pharmaceuticals, Energy, Automobile, Electrical and Electronics, Chemical, Aerospace, Manufacturing, Building and Construction), and Region 2023-2028
Adipic Acid Market by End Product (Nylon 66 Fibers, Nylon 66 Engineering Resins, Polyurethanes, Adipate Esters, and Others), Application (Plasticizers, Unsaturated Polyester Resins, Wet Paper Resins, Coatings, Synthetic Lubricants, Food Additives, and Others), End User (Automotive, Electrical and Electronics, Textiles, Food and Beverage, Personal Care, Pharmaceuticals, and Others), and Region 2023-2028
Potting Soil and Mixes Market by Soil Type (All-Purpose Potting Soil and Mixes, Seed-Starting Mix, Organic Mix, Plant-Specific Mix), Application Type (Indoor Gardening, Lawn and Landscape, Certified Organic Users), Sales Channel (Offline Sales, Online Sales), and Region 2023-2028
Wood Coating Market by Coating Type (Stains and Varnishes, Shellac Coating, Wood Preservatives, Water Repellents, and Others), Resin Type (Acrylic, Nitrocellulose, Polyester, Polyurethane, and Others), Formulating Technology (Solvent-Borne, Water-Borne, UV-Cured, and Others), Application (Furniture, Cabinets, Siding, Flooring, and Others), and Region 2023-2028
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )
Drop us an email at