You are currently viewing Latin America Asphalt Market to Expand During 2022-2027, Driven by Multiple Applications in Construction and Infrastructure Industries

Latin America Asphalt Market to Expand During 2022-2027, Driven by Multiple Applications in Construction and Infrastructure Industries

El nuevo informe de Informes de Expertos titulado, ‘Mercado de Asfalto en América Latina, Informe y Pronóstico 2022-2027′, analiza el mercado en función de producto, tipo de asfalto, aplicación, usuario final, y las zonas geográficas importantes. El informe evalúa las tendencias importantes del mercado y las variables que influyen en el éxito de su expansión, y también examina la dinámica del mercado a través de los indicadores de precios y la evolución de la demanda. Además, se analizan las limitaciones del sector y se estudia cómo afectan al mercado mundial, al tiempo que se realizan análisis FODA y de las cinco fuerzas de Porter del mercado.

The new report by Informes de Expertos titled, ‘Latin America Asphalt Market 2022-2027‘ , analyses the market based on product, type of asphalt, application, end user, and important geographic areas. The important market trends and variables influencing the market’s successful expansion are evaluated in the report, which also looks at the market dynamics through pricing indicators and changing demand. Additionally, it discusses industry limitations and investigates how they affect the worldwide market while doing SWOT and Porter’s Five Forces analyses of the market.

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Los aspectos más destacados del informe son:

Visión General del Mercado (2017-2027)

• CAGR del Periodo de Pronóstico (2022-2027): 3,7%

El mercado latinoamericano de asfalto alcanzó un volumen y demanda de 28 millones de barriles en 2021. Los revestimientos de presas, las obras portuarias y marítimas y los revestimientos de canales y embalses son algunas de las aplicaciones más importantes del asfalto. Además, el asfalto se utiliza en la construcción de tejados, revestimientos, baldosas, materiales de insonorización e impermeabilización. Las baterías son sólo un ejemplo de los artículos industriales que lo utilizan. Estos programas deberían acelerar la expansión del mercado.

Los aditivos o modificadores del asfalto se utilizan para aumentar el rendimiento del producto, así como su durabilidad, su atractivo estético y su vida útil. A lo largo del periodo previsto, se anticipa el desarrollo del segmento de las actividades recreativas. La expansión de este segmento se ve favorecida por el rápido aumento de la población. El betún tiene una gran demanda para su uso en estructuras residenciales y no residenciales debido a la urbanización y al crecimiento de la población. Durante el periodo de proyección, se prevé que el mercado latinoamericano tenga una expansión considerable. Las condiciones meteorológicas extremas en estas zonas aumentarán la demanda de productos por parte de los consumidores.

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Industry Definition and Major Segments

Asphalt is a viscous liquid or semi-solid component of petroleum that is dark in colour and sticky. Asphalt, often also called bitumen, is a refined material or a natural deposit. It is a mixture of aggregate, binder and filler typically used in the construction industry to maintain building roofs, car parks, railways and other surfaces. It is used as a binder because of its qualities, such as resistance to water and oil spills and its high tackiness.

Based on product, the market is classified into:

• Asphalt Paving Mixtures and Blocks
• Prepared Asphalt and Tar Roofing and Siding Products
• Roofing Asphalts and Pitches, Coatings and Cement

On the basis of asphalt type, the industry is broadly categorised into:

• Hot Mix Asphalt
• Warm Mix Asphalt
• Cold Mix Asphalt

The market is segmented in terms of applications into:

• Roadways
• Waterproofing
• Recreation
• Others

The end use segmentation is broadly divided into:

• Residential
• Non-Residential

Key regions covered include:

• Brazil
• Argentina
• Mexico
• Chile
• Others

Market Trends

Asphalt market continues to grow amid the effect of Covid19. The lockdowns may have slowed down many industries across the globe but because of asphalt’s versatility, it remained to be on-demand and will continue to manifest market growth. For one, the real estate industry is at an unexpected success with record-low mortgage rates, people are taking advantage to purchase their homes. This trend attracts investors to renovate or build a house for sale thus the need for construction materials including asphalt.

Asphalt is also used in road construction. As the government focuses on road rehabilitation and infrastructure repair, the demand for asphalt also increases. It reveals that the increases in asphalt usage will be driven by factors such as a favourable federal highway funding environment combined with legislative pressure to repair the nation’s infrastructure. There will also be rising office and commercial construction spending and a strong growth in housing starts.

Key Market Players

The major players in the market are:

• BOMAG MARINI Latin America
• Emam Asfaltos
• Asphaltum S.A.
• Petróleos del Perú S.A. (Petroperú)
• ASFALTOS DEL SUR, S. A.
• Others

This report covers their profiles and provides information on expansions, investments and mergers and acquisitions, among other latest industry developments.

About Us:

Informes de Expertos, the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

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Expert Market Research

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally. At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.