The Global Low Carbon Asphalt Market was valued at USD 13.38 Billion in 2025 and is projected to reach USD 16.18 Billion by 2034, growing at a Compound Annual Growth Rate (CAGR) of 2.8% during the forecast period (2024–2034). This growth is being driven by stringent environmental regulations, increasing demand for sustainable infrastructure, and significant cost savings from reduced fuel consumption during production.

As the global construction industry accelerates its transition toward net-zero emissions and circular economy principles, the focus intensifies on the material producers and contractors who are innovating to decarbonize road infrastructure. In this blog, we profile the Top 10 Companies in the Low Carbon Asphalt Industry—a mix of global construction materials giants, specialized regional producers, and technology pioneers shaping the future of sustainable paving.

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🔟 1. Vulcan Materials Company

Headquarters: Birmingham, Alabama, USA
Key Offering: Warm Mix Asphalt (WMA), High-RAP Mixes, Sustainable Aggregate Solutions

Vulcan Materials is North America’s largest producer of construction aggregates and a major supplier of asphalt mix. The company leverages its vast network of asphalt plants to deliver low-carbon solutions, emphasizing Warm Mix Asphalt technologies that reduce production temperatures by 30-50°F, significantly cutting fuel use and emissions.

Sustainability Initiatives:

• Commitment to reducing GHG emissions intensity by 30% by 2030

• Extensive use of Reclaimed Asphalt Pavement (RAP) in mix designs

• Investment in energy-efficient plant modernizations and process optimizations

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9️⃣ 2. Heidelberg Materials

Headquarters: Heidelberg, Germany
Key Offering: evoZero® carbon-neutral asphalt, Warm Mix Asphalt, Recycled Asphalt

Heidelberg Materials is a global leader in building materials with a strong focus on decarbonization. The company has pioneered evoZero®, one of the world’s first carbon-neutral asphalt products, achieved through carbon capture and utilization, and offers a full portfolio of low-temperature and high-recycled-content asphalt mixes across its international operations.

Sustainability Initiatives:

• Target of offering CO2-neutral asphalt for all major markets by 2025

• Leadership in developing standards for Environmental Product Declarations (EPDs)

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8️⃣ 3. CRH plc

Headquarters: Dublin, Ireland
Key Offering: Low Temperature Asphalt (LTA), Polymer Modified Asphalt, Sustainable Paving Solutions

CRH is a leading global building materials group with extensive asphalt production operations in Europe and the Americas. The company is at the forefront of integrating recycled materials and innovative binders to create durable, low-carbon pavement solutions for highways, airports, and urban developments.

Sustainability Initiatives:

• Ambition to deliver a 30% reduction in emissions intensity by 2030

• Strategic investments in recycling and circular economy platforms

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7️⃣ 4. Boral Limited

Headquarters: North Ryde, Australia
Key Offering: Envisia® Warm Mix Asphalt, High Performance Asphalt, Recycled Materials

Boral is a major integrated construction materials supplier in Australia, known for its Envisia® range of lower-carbon asphalt products. The company focuses on technological innovation to reduce the carbon footprint of asphalt without compromising on the performance required for demanding Australian conditions.

Sustainability Initiatives:

• Development of asphalt mixes with verified lower embodied carbon

• Active participation in industry sustainability working groups and research

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6️⃣ 5. Breedon Group plc

Headquarters: Derby, United Kingdom
Key Offering: Ecomulsion Asphalt, Foamed Bitumen Asphalt, High RAP Content Mixes

Breedon Group is a leading construction materials group in the UK and Ireland, with a strong commitment to sustainable products. The company produces a range of low-carbon asphalts, including Ecomulsion, which can be produced and laid at significantly lower temperatures, reducing energy consumption and fumes on site.

Sustainability Initiatives:

• Target to reduce carbon intensity by 30% by 2030

• Leadership in developing and implementing carbon assessment tools for asphalt

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5️⃣ 6. Eurovia (Vinci Group)

Headquarters: Rueil-Malmaison, France
Key Offering: Béton Bitumineux à Moyenne Température (BBMT), Recylab® Recycled Asphalt, Innovative Binders

Eurovia, a subsidiary of the Vinci Group, is a world leader in transport infrastructure and urban development. The company has developed advanced low-temperature asphalt technologies and operates recycling platforms like Recylab® to produce high-quality asphalt with a significantly reduced environmental footprint.

Sustainability Initiatives:

• Deployment of a wide range of low-carbon asphalt solutions across global projects

• Pioneering research into asphalt recycling and reuse technologies

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4️⃣ 7. Colas Group

Headquarters: Paris, France
Key Offering: Albotherm® Warm Mix Asphalt, Novel Binder Technologies, Carbon-Conscious Pavements

Colas, part of the Bouygues Group, is a world leader in transport infrastructure construction and maintenance. The company invests heavily in R&D to develop asphalt solutions like Albotherm® that lower production temperatures and incorporate bio-based materials, contributing to the decarbonization of road construction.

Sustainability Initiatives:

• Commitment to reducing the carbon footprint of its materials and worksites

• Development of lifecycle assessment tools for infrastructure projects

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3️⃣ 8. Downer Group

Headquarters: Sydney, Australia
Key Offering: GreenPave™ Sustainable Asphalt, Reconophalt® with Recycled Materials, Advanced Mix Designs

Downer is a leading integrated services company in Australia and New Zealand, with a strong road services and materials division. The company’s GreenPave™ and Reconophalt® products incorporate high percentages of recycled materials like soft plastics, glass, and toner, diverting waste from landfill and reducing virgin material use.

Sustainability Initiatives:

• Industry leader in incorporating consumer waste streams into asphalt

• Focus on creating circular economy solutions for road infrastructure

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2️⃣ 9. Kier Group

Headquarters: Tempsford, United Kingdom
Key Offering: Low Energy Asphalt, Sustainable Highway Solutions, Maintenance & Recycling Services

Kier Group is a leading UK-based infrastructure services, construction, and property development group. The company specializes in delivering sustainable highway projects, utilizing low-energy asphalt and efficient paving techniques to minimize environmental impact while maintaining high performance standards.

Sustainability Initiatives:

• Integration of sustainability into all aspects of project delivery

• Development of carbon reduction pathways for infrastructure assets

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1️⃣ 10. Skanska AB

Headquarters: Stockholm, Sweden
Key Offering: Climate-Smart Asphalt, Green Procurement Solutions, Sustainable Project Delivery

Skanska is one of the world’s leading project development and construction groups, with a strong presence in the Nordics, Europe, and the USA. The company is renowned for its leadership in green building and sustainable construction, applying rigorous carbon reduction criteria to its asphalt sourcing and paving operations.

Sustainability Initiatives:

• Pioneer in implementing carbon reduction targets for construction materials

• Extensive use of Environmental Product Declarations (EPDs) in procurement

Get Full Report Here: Low Carbon Asphalt Market – View in Detailed Research Report

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🌍 Outlook: The Future of Asphalt Is Lower-Carbon and Circular

The low carbon asphalt market is undergoing a fundamental transformation. While traditional hot mix asphalt still dominates global volume, the industry is rapidly adopting innovative technologies, materials, and processes to significantly reduce its carbon footprint and embrace circular economy principles.

📈 Key Trends Shaping the Market:

• Accelerated adoption of Warm Mix Asphalt technologies as a new industry standard

• Regulatory mandates for Environmental Product Declarations (EPDs) and carbon intensity thresholds in public procurement

• Increasing incorporation of high percentages of Reclaimed Asphalt Pavement (RAP) and other waste materials

• Development of bio-based binders and carbon capture integration in production

Get Full Report Here: Low Carbon Asphalt Market – View in Detailed Research Report

The companies listed above are not only building the world’s infrastructure—they’re paving the way for a sustainable, low-carbon future.