Global Petroleum Asphalt Market Growth 2023-2029

Global Petroleum Asphalt Market Growth 2023-2029

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.
LPI (LP Information)' newest research report, the “Petroleum Asphalt Industry Forecast” looks at past sales and reviews total world Petroleum Asphalt sales in 2022, providing a comprehensive analysis by region and market sector of projected Petroleum Asphalt sales for 2023 through 2029. With Petroleum Asphalt sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Petroleum Asphalt industry.
This Insight Report provides a comprehensive analysis of the global Petroleum Asphalt landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Petroleum Asphalt portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Petroleum Asphalt market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Petroleum Asphalt and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Petroleum Asphalt.
The global Petroleum Asphalt market size is projected to grow from US$ 65290 million in 2022 to US$ 104500 million in 2029; it is expected to grow at a CAGR of 104500 from 2023 to 2029.
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.
This report presents a comprehensive overview, market shares, and growth opportunities of Petroleum Asphalt market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Paving Petroleum Asphalt
Industrial Petroleum Asphalt
Segmentation by application
Paving
Roofing
Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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
Koç Holding
Shell
LOTOS
Husky Energy
Key Questions Addressed in this Report
What is the 10-year outlook for the global Petroleum Asphalt market?
What factors are driving Petroleum Asphalt market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Petroleum Asphalt market opportunities vary by end market size?
How does Petroleum Asphalt break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.