UK Asphalt Market Research Report Information By Product Type (Paving, Roofing, and Others) By Mixture Type (Hot Mix Asphalt (HMA), Warm Mix Asphalt (WMA), Cold Mix Asphalt (CMA)) By Application (Roadways, Waterproofing, Recreation, and Others) -UK Forecast to 2032

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY 16

2 MARKET INTRODUCTION 21

2.1 DEFINITION 21

2.2 SCOPE OF THE STUDY 22

2.3 RESEARCH OBJECTIVE 22

2.4 MARKET STRUCTURE 22

3 RESEARCH METHODOLOGY 23

3.1 OVERVIEW 23

3.2 DATA FLOW 25

3.2.1 Data Mining Process 26

3.3 PURCHASED DATABASE: 27

3.4 SECONDARY SOURCES: 28

3.4.1 Secondary Research data flow: 29

3.5 PRIMARY RESEARCH: 30

3.5.1 Primary Research DATA FLOW: 31

3.5.2 Primary Research: Number of Interviews conducted 32

3.6 APPROACHES FOR MARKET SIZE ESTIMATION: 33

3.6.1 Consumption & Net Trade Approach 33

3.6.2 Revenue Analysis Approach 33

3.7 DATA FORECASTING 34

3.7.1 Data forecasting Technique 34

3.8 DATA MODELING 35

3.8.1 microeconomic factor analysis: 35

3.8.2 Data modeling: 36

3.9 TEAMS AND ANALYST CONTRIBUTION 37

4 MARKET DYNAMICS 40

4.1 INTRODUCTION 40

4.2 DRIVERS 41

4.2.1 Growing Construction Activities in UK 41

4.2.2 Increasing Demand from Recreation Sector 43

4.3 RESTRAINTS 44

4.3.1 Environmental Concerns Associated with Production and Use of Asphalt 44

4.4 OPPORTUNITY 45

4.4.1 increasing funding in Maintenance and Rehabilitation of Existing Roads 45

4.4.2 growing trend towards the use of reclaimed asphalt pavement (RAP) in asphalt mixtures 48

4.5 IMPACT ANALYSIS OF COVID-19 50

4.5.1 Impact on Overall Chemicals & Materials Industry 50

4.5.1.1 Economic Impact 52

4.5.2 Impact On United Kingdom Asphalt Market 52

4.5.3 Impact on the Supply Chain of the UK Asphalt Market 52

4.5.4 Impact on Market Demand of Asphalt Market 53

4.6 OVERVIEW OF CEMENT BOUND GRANULAR MIXTURE (CBGM) / HYDRAULICALLY BOUND MATERIALS (HBM) IN ROADMAKING 53

5 MARKET FACTOR ANALYSIS 58

5.1 SUPPLY CHAIN ANALYSIS 58

5.1.1 Participants 58

5.1.1.1 RAW MATERIALS SUPPLY 58

5.1.1.1.1 Raw Material Selection & Procurement 59

5.1.1.1.2 Quality and Purity Standards 59

5.1.1.2 MANUFACTURING 59

5.1.1.2.1 Processing & Production 60

5.1.1.2.2 Product Development and Innovation 60

5.1.1.3 SALES & DISTRIBUTION 61

5.1.1.3.1 Logistics 61

5.1.1.3.2 Sales and Marketing Strategies 62

5.1.1.4 END-USER 62

5.1.1.4.1 Customer Needs, Preferences, Pain Points & Applications 65

5.2 PORTER’S FIVE FORCES MODEL 67

5.2.1 Bargaining Power of Suppliers 67

5.2.2 Bargaining Power of Buyers 68

5.2.3 Threat of New Entrants 68

5.2.4 Threat of Substitutes 68

5.2.5 Intensity of Rivalry 68

5.3 PRICING OVERVIEW, 2018-2032, (USD/TON) 69

5.4 SUPPLY-DEMAND ANALYSIS 69

5.5 TRADE ANALYSIS OF ASPHALT UNDER HS CODE – 2714 (BITUMEN AND ASPHALT, NATURAL; BITUMINOUS OR OIL-SHALE AND TAR SANDS; ASPHALTITES AND ASPHALTIC 70

5.5.1 Import analysis 70

5.5.2 Export analysis (Bitumen and asphalt, natural; bituminous or oil-shale and tar sands; asphaltites and asphaltic) 73

5.6 TECHNOLOGY ADVANCEMENTS IN UK ASPHALT MARKET 77

5.6.1 Technology roadmap 77

5.6.2 Compatibility With Materials 78

5.6.3 Advanced Testing and Analysis 80

5.7 REGULATORY FRAMEWORK 81

5.7.1 Overview On Environmental & Safety Issues 81

5.7.2 Government Policies 81

5.7.3 certification and standards 83

5.7.3.1 ASTM Standards 83

5.7.3.2 Environmental Certifications 85

5.8 RESEARCH AND DEVELOPMENT REVIEW 86

5.8.1 Patent Filing trend 88

5.9 ADJACENT MARKET ANALYSIS 90

5.9.1 Global construction materials market 90

5.9.2 Global Road Construction Materials Market 91

6 UNITED KINGDOM ASPHALT MARKET, BY PRODUCT TYPE 93

6.1 OVERVIEW 93

6.1.1 Paving 94

6.1.2 Roofing 94

6.1.3 Others 95

7 UNITED KINGDOM ASPHALT MARKET, BY MIXTURE TYPE 96

7.1 OVERVIEW 96

7.1.1 Hot Mix Asphalt (HMA) 97

7.1.2 Warm Mix Asphalt (WMA) 97

7.1.3 Cold Mix Asphalt (CMA) 98

8 UNITED KINGDOM ASPHALT MARKET, BY APPLICATION 99

8.1 OVERVIEW 99

8.2 UNITED KINGDOM ASPHALT MARKET, BY APPLICATION, 2018-2032 (USD MILLIONS) 99

8.2.1 Roadways 100

8.2.2 Waterproofing 100

8.2.3 Recreation 101

8.2.4 Others 101

8.3 ENGLAND 103

8.4 SCOTLAND 105

8.5 WALES 107

8.6 NORTHERN IRELAND 109

9 COMPETITIVE LANDSCAPE 111

9.1 INTRODUCTION 112

9.2 COMPETITION DASHBOARD 112

9.3 MARKET SHARE ANALYSIS, 2023 113

9.4 COMPARATIVE ANALYSIS: KEY PLAYERS FINANCIAL, 2023 113

9.5 KEY DEVELOPMENTS & GROWTH STRATEGIES 113

9.5.1 App launch 113

9.5.2 product launch 115

9.5.3 Capacity Expansion 116

9.5.4 Acquisition 116

9.5.5 Partnership 117

10 COMPANY PROFILES 118

10.1 HEIDELBERG MATERIALS 118

10.1.1 COMPANY OVERVIEW 118

10.1.2 FINANCIAL OVERVIEW 119

10.1.3 PRODUCTS OFFERed 119

10.1.4 KEY DEVELOPMENTS 120

10.1.5 SWOT ANALYSIS 120

10.1.6 Key Strategy 121

10.2 AGGREGATE INDUSTRIES 122

10.2.1 COMPANY OVERVIEW 122

10.2.2 FINANCIAL OVERVIEW 122

10.2.3 PRODUCTS OFFERed 122

10.2.4 KEY DEVELOPMENTS 123

10.2.5 SWOT ANALYSIS 124

10.2.6 Key Strategy 124

10.3 TARMAC 125

10.3.1 COMPANY OVERVIEW 125

10.3.2 FINANCIAL OVERVIEW 125

10.3.3 PRODUCTS OFFERed 125

10.3.4 KEY DEVELOPMENTS 126

10.3.5 SWOT ANALYSIS 126

10.3.6 Key Strategy 127

10.4 CEMEX S.A.B DE C.V 128

10.4.1 COMPANY OVERVIEW 128

10.4.2 FINANCIAL OVERVIEW 128

10.4.3 PRODUCTS OFFERed 129

10.4.4 KEY DEVELOPMENTS 129

10.4.5 SWOT ANALYSIS 130

10.4.6 Key Strategy 130

10.5 BREEDON GROUP PLC 131

10.5.1 COMPANY OVERVIEW 131

10.5.2 FINANCIAL OVERVIEW 132

10.5.3 PRODUCTS OFFERed 132

10.5.4 KEY DEVELOPMENTS 133

10.5.5 SWOT ANALYSIS 134

10.5.6 Key Strategy 134

10.6 EUROVIA 135

10.6.1 COMPANY OVERVIEW 135

10.6.2 FINANCIAL OVERVIEW 135

10.6.3 PRODUCTS OFFERed 135

10.6.4 KEY DEVELOPMENTS 135

10.6.5 SWOT ANALYSIS 136

10.6.6 Key Strategy 136

10.7 FM CONWAY 137

10.7.1 COMPANY OVERVIEW 137

10.7.2 FINANCIAL OVERVIEW 137

10.7.3 PRODUCTS OFFERed 138

10.7.4 KEY DEVELOPMENTS 138

10.7.5 SWOT ANALYSIS 139

10.7.6 Key Strategy 139

10.8 NEWLAY ASPHALT 140

10.8.1 COMPANY OVERVIEW 140

10.8.2 FINANCIAL OVERVIEW 140

10.8.3 PRODUCTS OFFERed 140

10.8.4 KEY DEVELOPMENTS 140

10.8.5 SWOT ANALYSIS 141

10.8.6 Key Strategy 141

11 DATA CITATIONS 142

LIST OF TABLES

TABLE 1 QFD MODELING FOR MARKET SHARE ASSESSMENT 36

TABLE 1 PERCENTAGE CHANGE IN CHEMICAL PRODUCTION DUE TO COVID-19 (DEC 2019 - JULY 2020) 51

TABLE 2 UK ASPHALT MARKET, PRICING ANALYSIS BY REGION, 2018-2032 (USD/TON) 69

TABLE 3 LIST OF SUPPLYING MARKETS FOR AN ASPHALT IMPORTED BY UNITED KINGDOM (IMPORT QUANTITY IN TONS) 70

TABLE 4 LIST OF SUPPLYING MARKETS FOR A AN ASPHALT IMPORTED BY UNITED KINGDOM (VALUE IN USD THOUSAND) 71

TABLE 5 LIST OF IMPORTING MARKETS FOR A ASPHALT EXPORTED BY UNITED KINGDOM (EXPORT QUANTITY IN TONS) 73

TABLE 6 LIST OF IMPORTING MARKETS FOR AN ASPHALT EXPORTED BY UNITED KINGDOM (VALUE IN USD THOUSANDS) 75

TABLE 7 UNITED KINGDOM ASPHALT MARKET, BY PRODUCT TYPE, 2018-2032 (USD MILLIONS) 93

TABLE 8 UNITED KINGDOM ASPHALT MARKET, BY PRODUCT TYPE, 2018-2032 (KILO TONS) 94

TABLE 9 UNITED KINGDOM ASPHALT MARKET, BY MIXTURE TYPE, 2018-2032 (USD MILLIONS) 96

TABLE 10 UNITED KINGDOM ASPHALT MARKET, BY MIXTURE TYPE, 2018-2032 (KILO TONS) 96

TABLE 11 UNITED KINGDOM ASPHALT MARKET, BY APPLICATION, 2018-2032 (KILO TONS) 100

TABLE 12 UNITED KINGDOM: ASPHALT MARKET, BY COUNTRY, 2018-2032 (USD MILLION) 103

TABLE 13 UNITED KINGDOM: ASPHALT MARKET, BY COUNTRY, 2018-2032 (KILO TONS) 103

TABLE 14 ENGLAND ASPHALT MARKET, BY PRODUCT TYPE, 2018-2032 (USD MILLION) 103

TABLE 15 ENGLAND ASPHALT MARKET, BY PRODUCT TYPE, 2018-2032 (KILO TONS) 104

TABLE 16 ENGLAND ASPHALT MARKET, BY MIXTURE TYPE, 2018-2032 (USD MILLION) 104

TABLE 17 ENGLAND ASPHALT MARKET, BY MIXTURE TYPE, 2018-2032 (KILO TONS) 104

TABLE 18 ENGLAND ASPHALT MARKET, BY APPLICATION, 2018-2032 (USD MILLION) 105

TABLE 19 ENGLAND ASPHALT MARKET, BY APPLICATION, 2018-2032 (KILO TONS) 105

TABLE 20 SCOTLAND ASPHALT MARKET, BY PRODUCT TYPE, 2018-2032 (USD MILLION) 105

TABLE 21 SCOTLAND ASPHALT MARKET, BY PRODUCT TYPE, 2018-2032 (KILO TONS) 105

TABLE 22 SCOTLAND ASPHALT MARKET, BY PROCESS, 2018-2032 (USD MILLION) 106

TABLE 23 SCOTLAND ASPHALT MARKET, BY PROCESS, 2018-2032 (KILO TONS) 106

TABLE 24 SCOTLAND ASPHALT MARKET, BY APPLICATION, 2018-2032 (USD MILLION) 106

TABLE 25 SCOTLAND ASPHALT MARKET, BY APPLICATION, 2018-2032 (KILO TONS) 107

TABLE 26 WALES ASPHALT MARKET, BY PRODUCT TYPE, 2018-2032 (USD MILLION) 107

TABLE 27 WALES ASPHALT MARKET, BY PRODUCT TYPE, 2018-2032 (KILO TONS) 107

TABLE 28 WALES ASPHALT MARKET, BY PROCESS, 2018-2032 (USD MILLION) 107

TABLE 29 WALES ASPHALT MARKET, BY PROCESS, 2018-2032 (KILO TONS) 108

TABLE 30 WALES ASPHALT MARKET, BY APPLICATION, 2018-2032 (USD MILLION) 108

TABLE 31 WALES ASPHALT MARKET, BY APPLICATION, 2018-2032 (KILO TONS) 108

TABLE 32 NORTHERN IRELAND ASPHALT MARKET, BY PRODUCT TYPE, 2018-2032 (USD MILLION) 109

TABLE 33 NORTHERN IRELAND ASPHALT MARKET, BY PRODUCT TYPE, 2018-2032 (KILO TONS) 109

TABLE 34 NORTHERN IRELAND ASPHALT MARKET, BY PROCESS, 2018-2032 (USD MILLION) 109

TABLE 35 NORTHERN IRELAND ASPHALT MARKET, BY PROCESS, 2018-2032 (KILO TONS) 110

TABLE 36 NORTHERN IRELAND ASPHALT MARKET, BY APPLICATION, 2018-2032 (USD MILLION) 110

TABLE 37 NORTHERN IRELAND ASPHALT MARKET, BY APPLICATION, 2018-2032 (KILO TONS) 110

TABLE 38 COMPETITION DASHBOARD: ASPHALT MARKET 112

TABLE 39 APP LAUNCH 113

TABLE 40 PRODUCT LAUNCH 115

TABLE 41 116

TABLE 42 ACQUISITION 116

TABLE 43 PARTNERSHIP 117

TABLE 44 HEIDELBERG MATERIALS: PRODUCTS OFFERED 119

TABLE 45 HEIDELBERG MATERIALS.: KEY DEVELOPMENTS 120

TABLE 46 AGGREGATE INDUSTRIES: PRODUCTS OFFERED 122

TABLE 47 AGGREGATE INDUSTRIES.: KEY DEVELOPMENTS 123

TABLE 48 TARMAC: PRODUCTS OFFERED 125

TABLE 49 TARMAC.: KEY DEVELOPMENTS 126

TABLE 50 CEMEX S.A.B DE C.V:PRODUCTS OFFERED 129

TABLE 51 CEMEX S.A.B DE C.V.: KEY DEVELOPMENTS 129

TABLE 52 BREEDON GROUP PLC.: PRODUCTS OFFERED 132

TABLE 53 BREEDON GROUP PLC.: KEY DEVELOPMENTS 133

TABLE 54 EUROVIA: PRODUCTS OFFERED 135

TABLE 55 FM CONWAY.: PRODUCTS OFFERED 138

TABLE 56 FM CONWAY.: KEY DEVELOPMENTS 138

TABLE 57 NEWLAY ASPHALT.: PRODUCTS OFFERED 140

LIST OF FIGURES

FIGURE 1 DISTRIBUTION OF ROAD LENGTH BY REGION IN THE UK 16

FIGURE 2 UK ASPHALT MARKET SNAPSHOT, 2023 18

FIGURE 3 UK ASPHALT MARKET: STRUCTURE 22

FIGURE 4 UK ASPHALT MARKET: MARKET GROWTH FACTOR ANALYSIS (2024-2032) 40

FIGURE 5 BREAKDOWN OF ROAD LENGTH (THOUSAND MILES) BY COUNTRY AND ROAD TYPE IN 2022 41

FIGURE 6 CONSTRUCTION OUTPUT VALUE OF ROADS, RAILWAYS, AND HARBORS IN ENGLAND, SCOTLAND AND WALES 2022 (IN MILLION GBP) 42

FIGURE 7 DRIVER IMPACT ANALYSIS (2024-2032) 43

FIGURE 8 RESTRAINT IMPACT ANALYSIS (2024-2032) 44

FIGURE 9 HIGHWAY MAINTENANCE BUDGETS AVERAGE PER AUTHORITY 2023/24 (BUDGET VALUE IN EURO MILLION) 46

FIGURE 10 OVERALL, ROAD CONDITION INDEX IN UK- ACTUAL VS TARGET 47

FIGURE 11 ESTIMATED ASPHALT PRODUCTION COST CATEGORIES 49

FIGURE 12 SUPPLY CHAIN ANALYSIS: UK ASPHALT MARKET 58

FIGURE 13 PORTER’S FIVE FORCES MODEL: UK ASPHALT MARKET 67

FIGURE 14 SUPPLY-DEMAND ANALYSIS (KILO TONS) 69

FIGURE 15 ASPHALT PATENT FILING TREND IN EUROPE (2018-2023) 89

FIGURE 16 GLOBAL CONSTRUCTION MATERIALS MARKET, 2022-2032 (VALUE IN USD BILLION) 90

FIGURE 1 UNITED KINGDOM ASPHALT MARKET, BY PRODUCT TYPE, 2023 (% SHARE) 93

FIGURE 2 UNITED KINGDOM ASPHALT MARKET, BY MIXTURE TYPE, 2023 (% SHARE) 96

FIGURE 3 UNITED KINGDOM ASPHALT MARKET, BY APPLICATION, 2023 (% SHARE) 99

FIGURE 4 UNITED KINGDOM MARKET: SWOT ANALYSIS 102

FIGURE 5 UNITED KINGDOM: ASPHALT MARKET SHARE, BY REGION, 2023 (% SHARE) 103

FIGURE 6 ASPHALT MAJOR PLAYERS MARKET SHARE ANALYSIS, 2023 (%) 113

FIGURE 7 COMPARATIVE ANALYSIS: KEY PLAYERS FINANCIAL, 2023 113

FIGURE 8 HEIDELBERG MATERIALS: FINANCIAL OVERVIEW SNAPSHOT 119

FIGURE 9 HEIDELBERG MATERIALS: SWOT ANALYSIS 120

FIGURE 10 AGGREGATE INDUSTRIES.: SWOT ANALYSIS 124

FIGURE 11 TARMAC: SWOT ANALYSIS 126

FIGURE 12 CEMEX S.A.B DE C.V: SWOT ANALYSIS 130

FIGURE 13 BREEDON GROUP PLC: FINANCIAL OVERVIEW SNAPSHOT 132

FIGURE 14 BREEDON GROUP PLC.: SWOT ANALYSIS 134

FIGURE 15 EUROVIA: SWOT ANALYSIS 136

FIGURE 16 FM CONWAY: SWOT ANALYSIS 139

FIGURE 17 NEWLAY ASPHALT: SWOT ANALYSIS 141