Rubberized Asphalt Market
Rubberized Asphalt Market
The market for Rubberized Asphalt was estimated at $8.71 billion in 2024; it is anticipated to increase to $14.9 billion by 2030, with projections indicating growth to around $23.2 billion by 2035.
Datatree
Global Rubberized Asphalt Market Outlook
Revenue, 2024 (US$B)
$8.7B
Forecast, 2034 (US$B)
$21.2B
CAGR, 2024 - 2034
9.3%
Market Size Forecast & Key Insights
- The Rubberized Asphalt market is projected to grow from $8.7 billion in 2024 to $21.2 billion in 2034. This represents a CAGR of 9.3%, reflecting rising demand across Highways & Roads Construction, Airport Runway Maintenance and Roofing Solutions.
- U.S. and China are the top markets within the Rubberized Asphalt market and are expected to observe the growth CAGR of 6.8% to 9.8% between 2024 and 2030.
- Emerging markets including Argentina, Vietnam and South Africa are expected to observe highest growth with CAGR ranging between 8.9% to 11.6%.
- The Rubberized Asphalt market is set to add $12.5 billion between 2024 and 2034, with manufacturer targeting Roofing Solutions & Soundproof Walls Application projected to gain a larger market share.
- With Increasing environmental concerns, and Technological innovations, Rubberized Asphalt market to expand 143% between 2024 and 2034.
Opportunities in the Rubberized Asphalt
Technological progress has extended the use of rubberized asphalt beyond road building to waterproof and bridge deck overlay systems technology as well. Its adoption, in these areas is expected to expand the rubberized asphalt market with the United States taking the lead in these advancements.
Growth Opportunities in North America and Asia-Pacific
North America Outlook
Asia-Pacific Outlook
Market Dynamics and Supply Chain
Driver: Increasing Environmental Concerns, and Proliferation in Infrastructure Development
Restraint: High Cost of Implementation
Opportunity: Strategic Collaborations and Sustainability in Infrastructure
Challenge: Lack of Awareness and Expertise
Supply Chain Landscape
Raw Material Acquisition
Rubber Producers Inc
Polymer Solutions
Processing & Manufacturing
Asphalt Industries
High-Tech Asphalt Solutions
Distribution & Marketing
Material Distribution Services
Asphalt Logistics
End User
Construction
Road Infrastructure
Roofing
Raw Material Acquisition
Rubber Producers Inc
Polymer Solutions
Processing & Manufacturing
Asphalt Industries
High-Tech Asphalt Solutions
Distribution & Marketing
Material Distribution Services
Asphalt Logistics
End User
Construction
Road Infrastructure
Roofing