The minimum thickness of an asphalt layer is affected by the aggregate size more so than the maximum thickness. In general, the layer should be at least 2 to 3 times the maximum nominal aggregate size.
While there is no true limitation on total maximum thickness of asphalt, it is limited by cost. We try to optimize the design to reduce the total asphalt thickness for cost savings.
For constructability, each layer of asphalt placed is usually limited to a maximum of 3 inches at a time so that the mat does not cool too quickly and compaction to its full thickness can be achieved without shoving and stretching the asphalt during placement.