Asphalt is the refined residue from the distillation process of specific crude oils. It is primarily used in road construction as a glue or binder and is mixed with aggregate particles for creating asphalt concrete. The other main applications of asphalt include production of roofing felt, bituminous waterproofing products and sealing flat roofs among others. The global demand for asphalt is increasing owing to the growth in the construction industry especially in the emerging economies such as China, India and Brazil. The application that are driving the demand for asphalt include paving products such as asphalt cement, asphalt emulsions and cutback asphalt, roofing products such as asphalt shingles, modified bitumen, roofing membranes, mopping asphalts and standard asphaltic roofing felts and among others.
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