Europe was the Largest Regional Paving Materials Market in 2011, Informs Timetric

24 Oct 2012 • by Natalie Aster

Europe accounted for 43.3% of the global paving materials market in 2011. In the same year, the Asia-Pacific and North American regions positioned themselves as the second- and third-largest regional markets, with shares of 19.6% and 19.4% respectively. The continuing economic uncertainty in Europe and sluggish growth in the US are expected to reduce market shares in these western regions.

In terms of growth, the global paving materials market recorded a CAGR of 1.70% during the review period. According to the report “Global Paving Materials – Market Opportunity and Environment, Analyses and Forecasts to 2016” by Timetric, a decline by 11.7% in annual growth rate in 2009, affected by the global economic slowdown, was the key contributor to the slowdown of the market during the review period.

Report Details:

Global Paving Materials – Market Opportunity and Environment, Analyses and Forecasts to 2016
Published: October, 2012
Pages: 176
Price: US$ 4.800,00

Regional Markets:

Asia-Pacific

China constituted the largest share of 32.7% of the Asia-Pacific paving materials market in 2011. It was followed by the Japanese market which accounted for the second-largest share of 31.5%. The remaining share was distributed among the other six Asian countries. In terms of review period growth, the market recorded a CAGR of 8.69%, outperforming the global paving materials market.

Europe

Russia, France, Germany and the UK constituted the largest share of the European paving materials market, with a 43.6% share in 2011. The remaining European countries captured a varying share, ranging from 0.2% to 6.5%, demonstrating diverse market dynamics within the European market. The global financial crisis in 2009, followed by the European debt crisis, were detrimental to the construction industry across Europe and caused the paving materials market to record a CAGR of -1.30% during the review period. However, it is predicted that the demand for paving materials will improve over the forecast period, as it is anticipated that the debt crisis will ease and the construction industry will resume its growth, stimulating the paving materials market to achieve a CAGR of 3.93%.

North America

The US was the key market within the North American paving materials market in 2011, as it constituted a share of 83.9%. However, the total North American paving materials market recorded a CAGR of 2.17%, as the demand for paving materials from the construction industry in the country declined as a result of the recession. The North American paving materials market is expected to recover and grow at a CAGR of 3.11% over the forecast period. The bitumen and asphalt buildings category, which held a share of 77.9% in 2011, will be the key contributor and is estimated to record a CAGR of 2.75% over the forecast period.

Latin America

Brazil led the Latin American paving materials market with a share of 65.7%. Mexico and Argentina followed with 18.2% and 10.8% respectively. The bitumen and asphalt category, with a share of 68.5%, was the most used category within the Latin American market in 2011. The market is expected to achieve a CAGR of 7.77% over the forecast period, as against the CAGR of 12.56% recorded during the review period.

Middle East

The Middle Eastern paving materials market accounted for a share of 4.0% in the global market. The region, which consists of Saudi Arabia, UAE, Qatar and Bahrain, is the smallest market in the paving materials market. However, the market is expected to record a CAGR of 5.87%, as against the CAGR of 7.09% registered during the review period.

More information can be found in the report “Global Paving Materials – Market Opportunity and Environment, Analyses and Forecasts to 2016” by Timetric.

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