Saudi Arabia Asphalt Size, Share, Growth, Demand, Emerging Trends and Forecast by 2029
The large scale Saudi Arabia Asphalt market report contains most-detailed market segmentation, systematic analysis of major market players, trends in consumer and supply chain dynamics, and insights about new geographical markets. With the complete comprehension of business goals and needs to bridge the gap, this report is prepared which delivers the most suitable and precise solutions. The market report covers company profiling of key players in the market, carefully analyzing their core competencies, and drawing a competitive landscape for the market. In Saudi Arabia Asphalt report; a systematic investment analysis has been performed which forecasts impending opportunities for the market players.
All market and industry parameters of steadfast Saudi Arabia Asphalt report are estimated and analysed by a team of innovative, enthusiastic and motivated researchers and analysts so that nothing lefts revealed in the report. The best solution is offered with the systematic study of all these parameters that is performed by the experts. The report holds a great value for both usual and emerging market players in the Saudi Arabia Asphalt industry and provides in-depth market insights. Saudi Arabia Asphalt market report is prepared by taking into account the market type, organization volume, accessibility on-premises, end-users’ organization type, and availability at global level in areas such as North America, South America, Europe, Asia-Pacific, Middle East and Africa.
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Data Bridge Market Research analyses that the Saudi Arabia asphalt market is expected to reach the value of USD 162,164.88 thousand by the year 2029, at a CAGR of 3.9% during the forecast period. The hot mix segment accounts for the most prominent asphalt type in the respective market, owing to the rising demand for recycled asphalt. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis and climate chain scenario.
Asphalt is a black-colored and semi-solid binding material obtained from petroleum distillation residue. Asphalt is manufactured at an average temperature of 150 to 180°C and is highly durable and crack-resistant. It is primarily used in constructing roads, parking areas and driveways as it binds crushed stone and aggregates into the firm and concrete surfaces such as roads and pavements. Smoothly laid asphalt helps minimize fuel consumption and emissions in vehicles and adds to safety by providing a better grip on the wheels.
Some of the major players operating in the Saudi Arabia asphalt market are Al-Azizia Asphalt & Aggregates Manufacturers, Red Sea Waterproofing Factory, Nassir Hazza & Bros., Saudi Arabian Oil Co., Al Majwal Petrochemical & Bitumen Factory, Duramax (A subsidiary company of PetroDeals), Al Rashed, Passing Road Co., among others.
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Saudi Arabia Asphalt Market Scope:
Saudi Arabia asphalt market is segmented based on asphalt type, product type, additive application and end - user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
By Asphalt Type
- Hot Mix
- Warm Mix
- Cold Mix
Product
- Asphalt Paving Mixtures and Blocks
- Prepared Asphalt and Tar Roofing and Siding Products
- Roofing Asphalts and Pitches
- Coatings And Cement
Additive
- Polymeric Modifiers
- Anti-Strip and Adhesion Promoters
- Emulsifiers
- Chemical Modifiers
- Rejuvenators
- Fibers
- Flux Oil
- Colored Asphalt
- Others
Application
- Road Construction & Paving
- Roofing
- Airport Construction
- Others
End User
- Residential
- Non-Residential
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