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Petroleum Asphalt Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: ExxonMobil, Cnooc, Sinopec, CNPC

08 Jan, 2020 | 133 Pages
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Acknowledging the kind of traction gained by this market, Industry Data Analytics recently published a study report asserts the global Petroleum Asphalt Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 4.9% during the review period (2022 to 2027).



Petroleum Asphalt Market Overview



Petroleum asphalt is a sticky, black and extremely 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 diverse hydrocarbons. It is defined as that part of crude oil which is divided 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.



Petroleum asphalt has two grades, which include paving petroleum asphalt and industrial petroleum asphalt. And each type has different application people and places relatively. With versatility of petroleum asphalt, the downstream application industries will need more petroleum asphalt products. So, petroleum asphalt has a huge market potential in the future.The major raw materials for petroleum asphalt are crude oil. Fluctuations in the price of crude oil will impact on the production cost of petroleum asphalt. The production cost of petroleum asphalt is also an important factor which could impact the price of petroleum asphalt.We tend to believe this industry is a rising industry, and the consumption increasing degree will show a smooth growth curve. And the price presents fluctuation according to the economy development status and international competition. Also, there is fluctuation in gross margin.



Who are the Major Players in Petroleum Asphalt Market?



Top Key players in the Petroleum Asphalt Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Petroleum Asphalt Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes  ExxonMobil, CNOOC Limited (HKSE :0883.HK), Sinopec, CNPC, ConocoPhillips (NYSE:COP), CRH plc (NYSE:CRH), Pasargad Oil, Marathon Oil Corporation (NYSE:MRO), Petrobras, Total, Valero Energy Corporation (NYSE:VLO), Rosneft, Axeon, SK, Tipco, IOCL, Gazprom Neft PJSC, Pioneer Emerging Markets Equity Fund Class A (Nasdaq:PEMEX), Suncor Energy Inc. (NYSE:SU), Repsol, Nynas, HPCL, Koppers Holdings Inc. (NYSE :KOP), Shell plc (NYSE:SHEL), LOTOS, Husky Energy and others.



Industry News:



Apr 14, 2021: Chinese industry to benefit as cnooc and shell start up new petrochemicals units. One new unit is the largest of its type in China, producing up to 630,000 tonnes per year of styrene monomer and 300,000 tonnes per year of propylene oxide. These chemicals are used in a wide range of applications, from household appliances to packaging and computers. The unit is also highly efficient. By using the Shell Group’s own SMPO process technology and making design improvements, it uses significantly less energy. It is the second unit of its kind built at the petrochemicals complex in Huizhou, Guangdong Province, China, which is operated by CSPC.



What are the major Applications, Types and Regions for Petroleum Asphalt Market?



Petroleum Asphalt Market is segmented based on the type, applications, companies and regions.



By Type, Petroleum Asphalt Market has been segmented into 




  • Paving Petroleum Asphalt

  • Industrial Petroleum Asphalt



The end user’s industry application on Petroleum Asphalt Market is, 




  • Paving

  • Roofing

  • Other



Petroleum Asphalt Regional Analysis:



The report offers in-depth assessment of the growth and other aspects of the Petroleum Asphalt Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.



North America, Europe and China are the mainly consumption regions due to the bigger demand of downstream applications. In previous year, these three regions occupied 66% of the global consumption volume in total.



What is our Petroleum Asphalt Market report scope?























































Report Attributes



Report Details



Forecast Period 2022 to 2027 CAGR



CAGR of 4.2% during the review period (2022 to 2027).



By Type




  • Paving Petroleum Asphalt

  • Industrial Petroleum Asphalt



By Application




  • Paving

  • Roofing

  • Other



By Companies



ExxonMobil, CNOOC Limited (HKSE :0883.HK), Sinopec, CNPC, ConocoPhillips (NYSE:COP), CRH plc (NYSE:CRH), Pasargad Oil, Marathon Oil Corporation (NYSE:MRO), Petrobras, Total, Valero Energy Corporation (NYSE:VLO), Rosneft, Axeon, SK, Tipco, IOCL, Gazprom Neft PJSC, Pioneer Emerging Markets Equity Fund Class A (Nasdaq:PEMEX), Suncor Energy Inc. (NYSE:SU), Repsol, Nynas, HPCL, Koppers Holdings Inc. (NYSE :KOP), Shell plc (NYSE:SHEL), LOTOS, Husky Energy and others.



Regions Covered




  • North America

  • Europe

  • Asia-Pacific

  • Rest of the World



Countries Covered




  • US

  • Canada

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Rest of Europe

  • China

  • Japan

  • India

  • Australia

  • South Korea

  • Rest of Asia-Pacific

  • Middle East & Africa

  • Latin America



Base Year



2022



Historical Year



2017 to 2021



Forecast Year



2022 to 2027



Number of Pages



133



Customization Available



Yes, the report can be customized as per your needs




 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



Key Takeaways from this Petroleum Asphalt Report




  • Evaluate Petroleum Asphalt market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.

  • Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.

  • Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.

  • Analyze the sales and distribution channels across key geographies to improve top-line revenues.

  • Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

  • Get a quick outlook on the Petroleum Asphalt market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.

  • Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.



Frequently Asked Questions



What is the study period of this market?



The Petroleum Asphalt Market is studied from 2017 - 2027.



What is the growth rate of Petroleum Asphalt Market?



The Petroleum Asphalt Market is growing at a CAGR of 4.9% over the next 5 years.



Who are the leading key players in Petroleum Asphalt Market?



ExxonMobil, CNOOC Limited (HKSE :0883.HK), Sinopec, CNPC, ConocoPhillips (NYSE:COP), CRH plc (NYSE:CRH), Pasargad Oil, Marathon Oil Corporation (NYSE:MRO), Petrobras, Total, Valero Energy Corporation (NYSE:VLO), Rosneft, Axeon, SK, Tipco, IOCL, Gazprom Neft PJSC, Pioneer Emerging Markets Equity Fund Class A (Nasdaq:PEMEX), Suncor Energy Inc. (NYSE:SU), Repsol, Nynas, HPCL, Koppers Holdings Inc. (NYSE :KOP), Shell plc (NYSE:SHEL), LOTOS, Husky Energy and others.



What regions regions does this Petroleum Asphalt Market report covers?



North America (the United States, Canada, and Mexico)



Europe (Germany, France, UK, Russia, and Italy)



Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)



South America (Brazil, Argentina, Colombia, etc.)



The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)



What are the significant types of Petroleum Asphalt Market?



Paving Petroleum Asphalt, Industrial Petroleum Asphalt



What are the significant Applications of Petroleum Asphalt Market?



Paving, Roofing, Other



All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.


  1. INTRODUCTION

    1. MARKET DEFINATION

    2. MARKET DYNAMICS

    3. MARKET SEGMENTATION

    4. REPORT TIMLINES

    5. KEY STAKEHOLDERS



  2. RESEARCH METHODOLOGY

    1. DATA MINING

      1. SECONDARY RESEARCH

      2. PRIMARY RESEARCH

      3. SUBJECT MATTER EXPERT ADVICE



    2. QUALITY CHECK

    3. FINAL REVIEW

      1. DATA TRIANGULATION

      2. BOTTOM-UP APPROACH

      3. TOP-DOWN APPROACH



    4. RESEARCH FLOW



  3. EXECUTIVE SUMMARY

    1. INTRODUCTION

    2. GLOBAL PETROLEUM ASPHALT MARKET BY TYPES

    3. GLOBAL PETROLEUM ASPHALT MARKET BY APPLICATIONS



  4. MARKET DYNAMICS

    1. DRIVERS

      1. INCREASING DEMAND FOR PETROLEUM ASPHALT



    2. RESTRAINTS

      1. STRINGENT ENVIRONMENTAL REGUALTIONS

      2. HIGH COST ON MATERIALS



    3. OPPORTUNITIES

      1. PETROLEUM ASPHALT GROWTH

      2. APPLICATION OF PETROLEUM ASPHALT



    4. IMPACT OF COVID 19



  5. GLOBAL PETROLEUM ASPHALT MARKET, BY TYPES

    1. INTRODUCTION

    2. PAVING PETROLEUM ASPHALT

    3. INDUSTRIAL PETROLEUM ASPHALT

    4.  OTHERS



  6. GLOBAL PETROLEUM ASPHALT MARKET, BY APPLICATION

    1. INTRODUCTION

    2. PAVING

    3. ROOFING

    4. OTHERS



  7. GLOBAL PETROLEUM ASPHALT MARKET, BY REGION

    1. NORTH AMERICA

      1. US

      2. CANADA

      3. MEXICO



    2. EUROPE

      1. GERMANY

      2. FRANCE

      3. UK

      4. ITALY

      5. RUSSIA

      6. REST OF EUROPE



    3. APAC

      1. CHINA

      2. SOUTH KOREA

      3. JAPAN

      4. INDIA

      5. AUSTRALIA

      6. ASEAN

      7. REST OF APAC



    4. MIDDLE EAST & AFRICA

      1. SAUDI ARABIA

      2. UAE

      3. SOUTH AFRICA

      4. TURKEY

      5. REST OF MEA



    5. SOUTH AMERICA

      1. BRAZIL

      2. REST OF MEA

      3. ARGENTINA

      4. REST OF SOUTH AMERICA





  8. COMPETITIVE LANDSCAPE

    1. MERGERS, ACQUISITIONS, JOINT VENTURES, COLLABORATIONS,

    2. AND AGREEMENTS

      1. KEY DEVELOPMENT



    3. MARKET SHARE (%) **/RANKING ANALYSIS

    4. STRATEGIES ADOPTED BY LEADING PLAYERS



  9. COMPANY PROFILES

    1. BUSINESS OVERVIEW

    2. COMPANY SNAPSHOT

    3. PRODUCT BENCHMARKING

    4. STRATEGIC INITIATIVES

      1. EXXONMOBIL

      2. CNOOC

      3. SINOPEC

      4. CNPC

      5. CONOCOPHILLIPS

      6. CRH

      7. PASARGAD OIL

      8. MARATHON OIL

      9. PETROBRAS

      10. TOTAL

      11. VALERO

      12. ROSNEFT

      13. AXEON

      14. SK

      15. TIPCO

      16. IOCL

      17. GAZPROM NEFT PJSC

      18. PEMEX

      19. SUNCOR ENERGY

      20. REPSOL

      21. NYNAS

      22. HPCL

      23. KOÇ HOLDING

      24. SHELL

      25. LOTOS

      26. HUSKY ENERGY







 

SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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