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Report

Philippines Asphalt Market Report and Forecast 2025-2034

Market Report I 2025-06-06 I 98 Pages I EMR Inc.

The Philippines asphalt market is projected to grow at a CAGR of 7.80% between 2025 and 2034. The market is being driven by rising infrastructural development activities and the growing construction of roads.

Philippines Asphalt Market Growth

Rubberised asphalt sealants are expected to replace their traditional counterparts in the Philippines's roadways industry. This is because they minimise the occurrence of potholes and cracks on roads while enhancing their grip. They are manufactured in highly controlled temperature conditions, which results in a substance that is flexible, durable, and water-resistant.

Roads made with rubberised asphalt sealants have a long life span and low maintenance requirements, which results in significant cost savings for the government and private authorities. Such sealants also minimise the risk of pedestrian fatalities and ensure that roads do not get damaged easily during typhoons and other natural disasters.

Cold mix asphalt is expected to witness a significant increase in demand over the forecast period. This is because it is a sustainable alternative to enhancing road performance and filling up potholes. It results in substantial cost savings for construction companies by enabling them to repair the road without relying on heavy machinery or a team of personnel. Besides, it minimises the emission of volatile organic compounds into the atmosphere as it does not have any heating requirements and results in energy savings. It is very durable and improves the life span of the road, resulting in lesser road downtime and less traffic disruption.

Philippines Asphalt Industry Segmentation

Philippines Asphalt Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:

Market Breakup by Product:

- Asphalt Paving Mixtures and Blocks
- Prepares Asphalt and Tar Roofing and Siding Products
- Roofing Asphalts and Pitches, Coatings and Cement

Market Breakup by Asphalt Type:

- Hot Mix Asphalt
- Warm Mix Asphalt
- Cold Mix Asphalt

Market Breakup by Application:

- Residential
- Non-Residential

Market Breakup by End Use:

- Roadways
- Waterproofing
- Recreation
- Others

Market Breakup by Region:

- National Capital Region
- Calabarzon
- Central Luzon
- Others

Philippines Asphalt Market Share

Based on end use, the market is divided into residential and non-residential. Over the forecast period, the non-residential sector is expected to dominate the market. This is because the expansion of the construction sector is expected to impact the demand for high-tech waterproofing solutions and sound barriers.

Leading Companies in the Philippines Asphalt Market

The report provides a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers and acquisitions, investments, and capacity expansion.

- Phoenix Asphalt Philippines, Inc.

- Anderson Asphalt Ltd.

- Exxon Mobil Corporation

- Marathon Petroleum Corporation

- Valero Energy Corporation

- Others

Key players are adding nanotechnology additives in asphalt mixes to enhance their properties such as strength, resistance to cracking, and flexibility.

1 Executive Summary
1.1 Market Size 2024-2025
1.2 Market Growth 2025(F)-2034(F)
1.3 Key Demand Drivers
1.4 Key Players and Competitive Structure
1.5 Industry Best Practices
1.6 Recent Trends and Developments
1.7 Industry Outlook
2 Market Overview and Stakeholder Insights
2.1 Market Trends
2.2 Key Verticals
2.3 Key Regions
2.4 Supplier Power
2.5 Buyer Power
2.6 Key Market Opportunities and Risks
2.7 Key Initiatives by Stakeholders
3 Economic Summary
3.1 GDP Outlook
3.2 GDP Per Capita Growth
3.3 Inflation Trends
3.4 Democracy Index
3.5 Gross Public Debt Ratios
3.6 Balance of Payment (BoP) Position
3.7 Population Outlook
3.8 Urbanisation Trends
4 Country Risk Profiles
4.1 Country Risk
4.2 Business Climate
5 Asia Pacific Asphalt Market Overview
5.1 Key Industry Highlights
5.2 Asia Pacific Asphalt Historical Market (2018-2024)
5.3 Asia Pacific Asphalt Market Forecast (2025-2034)
6 Philippines Asphalt Market Overview
6.1 Key Industry Highlights
6.2 Philippines Asphalt Historical Market (2018-2024)
6.3 Philippines Asphalt Market Forecast (2025-2034)
7 Philippines Asphalt Market by Product
7.1 Asphalt Paving Mixtures and Blocks
7.1.1 Historical Trend (2018-2024)
7.1.2 Forecast Trend (2025-2034)
7.2 Prepares Asphalt and Tar Roofing and Siding Products
7.2.1 Historical Trend (2018-2024)
7.2.2 Forecast Trend (2025-2034)
7.3 Roofing Asphalts and Pitches, Coatings and Cement
7.3.1 Historical Trend (2018-2024)
7.3.2 Forecast Trend (2025-2034)
8 Philippines Asphalt Market by Asphalt Type
8.1 Hot Mix Asphalt
8.1.1 Historical Trend (2018-2024)
8.1.2 Forecast Trend (2025-2034)
8.2 Warm Mix Asphalt
8.2.1 Historical Trend (2018-2024)
8.2.2 Forecast Trend (2025-2034)
8.3 Cold Mix Asphalt
8.3.1 Historical Trend (2018-2024)
8.3.2 Forecast Trend (2025-2034)
9 Philippines Asphalt Market by Application
9.1 Residential
9.1.1 Historical Trend (2018-2024)
9.1.2 Forecast Trend (2025-2034)
9.2 Non-Residential
9.2.1 Historical Trend (2018-2024)
9.2.2 Forecast Trend (2025-2034)
10 Philippines Asphalt Market by End Use
10.1 Roadways
10.1.1 Historical Trend (2018-2024)
10.1.2 Forecast Trend (2025-2034)
10.2 Waterproofing
10.2.1 Historical Trend (2018-2024)
10.2.2 Forecast Trend (2025-2034)
10.3 Recreation
10.3.1 Historical Trend (2018-2024)
10.3.2 Forecast Trend (2025-2034)
10.4 Others
11 Philippines Asphalt Market by Region
11.1 National Capital Region
11.1.1 Historical Trend (2018-2024)
11.1.2 Forecast Trend (2025-2034)
11.2 Calabarzon
11.2.1 Historical Trend (2018-2024)
11.2.2 Forecast Trend (2025-2034)
11.3 Central Luzon
11.3.1 Historical Trend (2018-2024)
11.3.2 Forecast Trend (2025-2034)
11.4 Others
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter's Five Forces Analysis
12.2.1 Supplier's Power
12.2.2 Buyer's Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Trade Data Analysis (HS Code-27149)
13.1 Major Importing Countries
13.1.1 By Volume
13.1.2 By Value
13.2 Major Exporting Countries
13.2.1 By Volume
13.2.2 By Value
14 Price Analysis
15 Manufacturing Process
16 Competitive Landscape
16.1 Supplier Selection
16.2 Key Global Players
16.3 Key Regional Players
16.4 Key Player Strategies
16.5 Company Profiles
16.5.1 Phoenix Asphalt Philippines, Inc.
16.5.1.1 Company Overview
16.5.1.2 Product Portfolio
16.5.1.3 Demographic Reach and Achievements
16.5.1.4 Certifications
16.5.2 Anderson Asphalt Ltd.
16.5.2.1 Company Overview
16.5.2.2 Product Portfolio
16.5.2.3 Demographic Reach and Achievements
16.5.2.4 Certifications
16.5.3 Exxon Mobil Corporation
16.5.3.1 Company Overview
16.5.3.2 Product Portfolio
16.5.3.3 Demographic Reach and Achievements
16.5.3.4 Certifications
16.5.4 Marathon Petroleum Corporation
16.5.4.1 Company Overview
16.5.4.2 Product Portfolio
16.5.4.3 Demographic Reach and Achievements
16.5.4.4 Certifications
16.5.5 Valero Energy Corporation
16.5.5.1 Company Overview
16.5.5.2 Product Portfolio
16.5.5.3 Demographic Reach and Achievements
16.5.5.4 Certifications
16.5.6 Others

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