Report overview
Petroleum asphalt is a sticky, black and highly viscous liquid or semi-solid that is present in most petroleum crude oils and in some natural deposits. Petroleum crude oil is a complex mixture of a great many different hydrocarbons. Petroleum asphalt is defined as that part of crude oil which is separated from the higher-boiling hydrocarbons in crude oil by precipitation upon the addition of lower-boiling hydrocarbon solvents such as propane, pentane, hexane or petroleum asphalt. The precipitated material consists of asphaltenes which have an average molecular weight of about (800 - 2500 g/mole) and exist in the form of flat sheets of polyaromatic condensed rings with short aliphatic chains.
This report aims to provide a comprehensive presentation of the global market for Petroleum Asphalt, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Petroleum Asphalt. This report contains market size and forecasts of Petroleum Asphalt in global, including the following market information:
Global Petroleum Asphalt Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Petroleum Asphalt Market Sales, 2018-2023, 2024-2029, (M MT)
Global top five Petroleum Asphalt companies in 2022 (%)
The global Petroleum Asphalt market was valued at US$ 68670 million in 2022 and is projected to reach US$ 106100 million by 2029, at a CAGR of 6.4% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global Petroleum Asphalt key players include ExxonMobil, CNPC, Sinopec, Cnooc, ConocoPhillips, etc. Global top five manufacturers hold a share about 30%. North America is the largest market, with a share about 30%, followed by China, with a share about 20 percent. In terms of product, Paving Petroleum Asphalt is the largest segment, with a share about 85%. And in terms of application, the largest application is Paving, followed by Roofing, etc.
We surveyed the Petroleum Asphalt manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Petroleum Asphalt Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (M MT)
Global Petroleum Asphalt Market Segment Percentages, by Type, 2022 (%)
Paving Petroleum Asphalt
Industrial Petroleum Asphalt
Global Petroleum Asphalt Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (M MT)
Global Petroleum Asphalt Market Segment Percentages, by Application, 2022 (%)
Paving
Roofing
Other
Global Petroleum Asphalt Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (M MT)
Global Petroleum Asphalt Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Petroleum Asphalt revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Petroleum Asphalt revenues share in global market, 2022 (%)
Key companies Petroleum Asphalt sales in global market, 2018-2023 (Estimated), (M MT)
Key companies Petroleum Asphalt sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
ExxonMobil
Cnooc
Sinopec
CNPC
ConocoPhillips
CRH
Pasargad Oil
Marathon Oil
Petrobras
Total
Valero
Rosneft
Axeon
SK
Tipco
IOCL
Gazprom Neft PJSC
Pemex
Suncor Energy
Repsol
Nynas
HPCL
Ko? Holding
Shell
LOTOS
Husky Energy
Outline of Major Chapters:
Chapter 1: Introduces the definition of Petroleum Asphalt, market overview.
Chapter 2: Global Petroleum Asphalt market size in revenue and volume.
Chapter 3: Detailed analysis of Petroleum Asphalt manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Petroleum Asphalt in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Petroleum Asphalt capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
