Published by IMARC Services Private Limited
Posted on October 12, 2021
4 min readLast updated: January 29, 2026
The South Africa asphalt market is projected to grow at a CAGR of 6% from 2021-2026, driven by infrastructural developments and innovations like warm-mix asphalt.
According to the latest report by IMARC Group, titled ” South Africa Asphalt Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the south africa asphalt market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 6% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Asphalt is a sticky, black-colored semi-solid material obtained from the residue of distilled petroleum. It is commonly available in cutback, modified, emulsions and penetration grades. Asphalt is widely used as a mixture of aggregates, binder and filler for the construction of roads, highways, footways and car parking. In comparison to the traditionally used coal tar, asphalt provides a smoother and skid-resistant surface that aids in reducing wear and tear of vehicles, enhancing the vehicle performance and road safety and minimizing the fuel consumption.
The South Africa asphalt market is primarily being driven by the extensive infrastructural development activities across the country. Asphalt is widely used in the construction of dams, roads, parks and pavements due to its enhanced crack resistance, binding and durability properties. Moreover, various product innovations, such as the development of warm-mix asphalt (WMA), that aids in reducing the overall fuel consumption, thermal aging and vehicular emissions, are providing a thrust to the market growth. Other factors, including significant growth in the construction industry, along with the increasing utilization of environment-friendly recycled asphalt, are anticipated to create a positive outlook for the market.
South Africa Asphalt Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the south africa asphalt market has been studied in the report with the detailed profiles of the key players operating in the market.
Competitive Landscape with Key Players:
Key Market Segmentation:
The report has segmented the south africa asphalt market on the basis of product, application and type.
Breakup by Product:
Breakup by Application:
Breakup by Type:
Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/south-africa-asphalt-market
Key highlights of the report:
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The article discusses the South Africa asphalt market, its trends, growth, and forecast from 2021 to 2026.
Infrastructural development and innovations like warm-mix asphalt are key drivers.
The market is expected to grow at a CAGR of around 6% from 2021 to 2026.
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