Short Description
Saudi Arabia Asphalt Market, By Asphalt Type (Hot Mix, Warm Mix, and 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, and Others), Application (Road Construction & Paving, Roofing, Airport Construction, and Others), End User (Residential, and Non-Residential) Industry Trends and Forecast to 2029
Market Definition
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 180C 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.
Market Segmentation
The Saudi Arabia asphalt market is segmented into five notable segments based on asphalt type, product, additive, application, and end user.
On the basis of asphalt type, the market is classified into hot mix, warm mix, and cold mix
On the basis of product, the market is classified into asphalt paving mixtures and blocks, prepared asphalt and tar roofing and siding products and roofing asphalts and pitches, coatings and cement
On the basis of additive, the market is classified into polymeric modifiers, anti-strip and adhesion promoters, emulsifiers, chemical modifiers, rejuvenators, fibers, flux oil, colored asphalt, and others
On the basis of application, the market is classified into road construction & paving, roofing, airport construction, and others
On the basis of end user, the market is classified into residential and non-residential
Market Players
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.
TABLE OF CONTENTS
1 INTRODUCTION 10
1.1 OBJECTIVES OF THE STUDY 10
1.2 MARKET DEFINITION 10
1.3 OVERVIEW OF SAUDI ARABIA ASPHALT MARKET 10
1.4 LIMITATIONS 11
1.5 MARKETS COVERED 11
2 MARKET SEGMENTATION 13
2.1 MARKETS COVERED 13
2.2 GEOGRAPHICAL SCOPE 14
2.3 YEARS CONSIDERED FOR THE STUDY 14
2.4 CURRENCY AND PRICING 14
2.5 DBMR TRIPOD DATA VALIDATION MODEL 15
2.6 ASPHALT TYPE LINE CURVE 18
2.7 MULTIVARIATE MODELING 19
2.8 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 20
2.9 DBMR MARKET POSITION GRID 22
2.10 MARKET APPLICATION COVERAGE GRID 23
2.11 DBMR MARKET CHALLENGE MATRIX 24
2.12 DBMR VENDOR SHARE ANALYSIS 25
2.13 IMPORT-EXPORT DATA 26
2.14 SECONDARY SOURCES 27
2.15 ASSUMPTIONS 28
3 EXECUTIVE SUMMARY 29
4 PREMIUM INSIGHTS 31
4.1 PORTER'S FIVE FORCES: 32
4.1.1 THREAT OF NEW ENTRANTS: 32
4.1.2 THREAT OF SUBSTITUTES: 32
4.1.3 CUSTOMER BARGAINING POWER: 33
4.1.4 SUPPLIER BARGAINING POWER: 33
4.1.5 INTERNAL COMPETITION (RIVALRY): 33
4.2 PESTLE ANALYSIS 34
4.2.1 POLITICAL FACTORS 34
4.2.2 ECONOMIC FACTORS 34
4.2.3 SOCIAL FACTORS 35
4.2.4 TECHNOLOGICAL FACTORS 35
4.2.5 LEGAL FACTORS 35
4.2.6 ENVIRONMENTAL FACTORS 35
4.3 BRAND SHARE ANALYSIS 36
4.4 CLIMATE CHANGE SCENARIO AND SUSTAINABILITY 37
4.4.1 ENVIRONMENTAL CONCERNS 37
4.4.2 INDUSTRY RESPONSE 37
4.4.3 GOVERNMENTS ROLE 38
4.4.4 ANALYST RECOMMENDATION 38
4.5 CONSUMER BEHAVIOR PATTERN FOR SAUDI ARABIA ASPHALT MARKET 39
4.6 FACTORS INFLUENCING PURCHASING DECISION OF CUSTOMER 40
4.7 PRODUCT ADOPTION SCENARIO 41
4.7.1 OVERVIEW 41
4.7.2 PRODUCT AWARENESS 42
4.7.3 PRODUCT INTEREST 42
4.7.4 PRODUCT EVALUATION 42
4.7.5 PRODUCT TRIAL 42
4.7.6 PRODUCT ADOPTION 42
4.7.7 CONCLUSION 42
4.8 SUPPLY CHAIN ANALYSIS 43
4.9 OVERVIEW 43
4.9.1 LOGISTIC COST SCENARIO 43
4.9.2 IMPORTANCE OF LOGISTICS SERVICE PROVIDERS 44
4.10 VENDOR SELECTION CRITERIA 45
5 CERTIFICATIONS AND REGULATIONS 46
6 COUNTRY ANALYSIS 48
7 MARKET OVERVIEW 49
7.1 DRIVERS 51
7.1.1 RISING DEMAND FOR RECYCLED ASPHALT 51
7.1.2 INCREASED GOVERNMENT AND PRIVATE SECTOR EXPENDITURE IN THE DEVELOPMENT OF ROAD CONSTRUCTION AND INFRASTRUCTURE 51
7.1.3 ASPHALT AS AN ALTERNATIVE TO THE CONVENTIONALLY USED CONCRETE IN THE CONSTRUCTION INDUSTRY 52
7.2 RESTRAINTS 53
7.2.1 VOLATILITY IN THE PRICES AND SUPPLY OF ASPHALT DUE TO DEPENDENCE UPON PETROCHEMICAL 53
7.2.2 HEAVY COST OF MACHINERY SUCH AS ASPHALT PAVERS 53
7.3 OPPORTUNITIES 54
7.3.1 LAUNCH OF INFRASTRUCTURE DEVELOPMENT MEGAPROJECTS IN SAUDI ARABIA 54
7.3.2 RISING TOURISTS INFLUX AND EXPANSION OF TRANSPORTATION NETWORK ACROSS THE COUNTRY 54
7.4 CHALLENGE 55
7.4.1 LACK OF AWARENESS ABOUT ASPHALT ADDITIVES AMONG ROAD BUILDERS AND CONTRACTORS 55
8 SAUDI ARABIA ASPHALT MARKET, BY ASPHALT TYPE 56
8.1 OVERVIEW 57
8.2 HOT MIX 58
8.3 WARM MIX 58
8.4 COLD MIX 59
9 SAUDI ARABIA ASPHALT MARKET, BY PRODUCT 60
9.1 OVERVIEW 61
9.2 ASPHALT PAVING MIXTURES AND BLOCKS 63
9.3 PREPARED ASPHALT AND TAR ROOFING AND SIDING PRODUCTS 63
9.4 ROOFING ASPHALTS AND PITCHES, COATINGS AND CEMENT 63
10 SAUDI ARABIA ASPHALT MARKET, BY ADDITIVE TYPE 64
10.1 OVERVIEW 65
10.2 POLYMERIC MODIFIERS 67
10.3 ANTI-STRIP AND ADHESION PROMOTERS 67
10.4 EMULSIFIERS 67
10.5 CHEMICAL MODIFIERS 68
10.6 REJUVENATORS 68
10.7 FIBERS 68
10.8 FLUX OIL 69
10.9 COLORED ASPHALT 69
10.10 OTHERS 69
10.10.1 RUBBER MODIFIERS 70
10.10.2 ORGANIC MATERIALS 70
11 SAUDI ARABIA ASPHALT MARKET, BY APPLICATION 71
11.1 OVERVIEW 72
11.2 ROAD CONSTRUCTION & PAVING 73
11.3 AIRPORT CONSTRUCTION 73
11.4 ROOFING 74
11.5 OTHERS 74
11.5.1 BRIDGES 75
11.5.2 PARKING LOTS 75
12 SAUDI ARABIA ASPHALT MARKET, BY END USER 76
12.1 OVERVIEW 77
12.2 NON-RESIDENTIAL 78
12.3 RESIDENTIAL 78
13 SAUDI ARABIA ASPHALT MARKET, COMPANY LANDSCAPE 79
13.1 COMPANY SHARE ANALYSIS: SAUDI ARABIA 79
13.1.1 CONTRACT 80
14 SWOT ANALYSIS 81
15 COMPANY PROFILES 82
15.1 SAUDI ARABIAN OIL CO. 82
15.1.1 COMPANY SNAPSHOT 82
15.1.2 REVENUE ANALYSIS 82
15.1.3 PRODUCT PORTFOLIO 83
15.1.4 RECENT UPDATE 83
15.2 AL RASHED 84
15.2.1 COMPANY SNAPSHOT 84
15.2.2 PRODUCT PORTFOLIO 84
15.2.3 RECENT UPDATE 84
15.3 NASSIR HAZZA & BROS. 85
15.3.1 COMPANY SNAPSHOT 85
15.3.2 PRODUCT PORTFOLIO 85
15.3.3 RECENT UPDATE 85
15.4 AL MAJWAL PETROCHEMICAL & BITUMEN FACTORY 86
15.4.1 COMPANY SNAPSHOT 86
15.4.2 PRODUCT PORTFOLIO 86
15.4.3 RECENT UPDATE 86
15.5 DURAMAX (A SUBSIDIARY COMPANY OF PETRODEALS) 87
15.5.1 COMPANY SNAPSHOT 87
15.5.2 PRODUCT PORTFOLIO 87
15.5.3 RECENT UPDATE 87
15.6 RED SEA WATERPROOFING FACTORY 88
15.6.1 COMPANY SNAPSHOT 88
15.6.2 PRODUCT PORTFOLIO 88
15.6.3 RECENT DEVELOPMENT 88
15.7 AL-AZIZIA ASPHALT & AGGREGATES MANUFACTURERS 89
15.7.1 COMPANY SNAPSHOT 89
15.7.2 PRODUCT PORTFOLIO 89
15.7.3 RECENT UPDATE 89
15.8 PASSING ROAD CO. 90
15.8.1 COMPANY SNAPSHOT 90
15.8.2 PRODUCT PORTFOLIO 90
15.8.3 RECENT UPDATE 90
16 QUESTIONNAIRE 91
17 RELATED REPORTS 94