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Petroleum Asphalt Market - Growth, Trends And Forecast (2021 - 2026) By Types, By Application, By Regions and By Key Players: ExxonMobil, Cnooc, Sinopec, CNPC

08 Jan, 2020 | 133 Pages
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Petroleum Asphalt market size (most likely outcome) will be a year-over-year revenue growth rate of XX% in 2021, from US$ 58660 million in 2020. Over the next five years the Petroleum Asphalt market will register a 7.0% CAGR in terms of revenue, the global market size will reach US$ 76740 million by 2026. 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.


Petroleum Asphalt Market Overview


Currently, there are several producing companies in the world petroleum asphalt industry. The main players are ExxonMobil, Shell, Cnooc, Sinopec, ConocoPhillips, CRH and Pasargad Oil Company. The global production of petroleum asphalt will increase to 180.26 M MT in 2018 from 134.64 M MT in 2013 with average growth rate of 6.01%.


In consumption market, North America, Europe and China are the mainly consumption regions due to the bigger demand of downstream applications. In 2017, these three regions occupied 66.23% of the global consumption volume in total.


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, 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 and others.


Global Petroleum Asphalt Market research provides a detailed Analytical Insights of global market size, regional and country-level scope, segmentation wise growth, global share, Competition Scenario, sales analysis, impact global market players on domestic players, value chain optimization, trade regulations, Latest developments, future opportunities, product launches, expanding marketplaces, and New technological innovations.


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


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.


Petroleum Asphalt Market highlights the potential growth opportunities in upcoming years, while reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape and other key aspects in the global market. The Global Petroleum Asphalt Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry. This Research Study compares the markets of Pre COVID-19 and Post COVID-19 with the impact of COVID-19 on the regional economy.


What is our Petroleum Asphalt Market report scope?


The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2021-2026. The report presents the analysis of Petroleum Asphalt Market for the historical period of 2017-2021 and the forecast period of 2021-2026.


The key insights of the report have been presented through the frameworks of Major Mergers & Acquisitions, Technological Innovations, and Role of Manufacturers during COVID19 Pandemic. Additionally, the major opportunities, trends, drivers and challenges of the industry has been analyzed in the report.


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.


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. Petroleum Asphalt Introduction and Market Overview

    1. Objectives of the Study

    2. Overview of Petroleum Asphalt

    3. Scope of The Study

      1. Key Market Segments

      2. Players Covered

      3. COVID-19's impact on the Petroleum Asphalt industry



    4. Methodology of The Study

    5. Research Data Source



  2. Executive Summary

    1. Market Overview

      1. Global Petroleum Asphalt Market Size, 2016 to 2021

      2. Global Petroleum Asphalt Market Size by Type, 2016 to 2021

      3. Global Petroleum Asphalt Market Size by Application, 2016 to 2021

      4. Global Petroleum Asphalt Market Size by Region, 2016 to 2021



    2. Business Environment Analysis

      1. Global COVID-19 Status and Economic Overview

      2. Influence of COVID-19 Outbreak on Petroleum Asphalt Industry Development





  3. Industry Chain Analysis

    1. Upstream Raw Material Suppliers of Petroleum Asphalt Analysis

    2. Major Players of Petroleum Asphalt

    3. Petroleum Asphalt Manufacturing Cost Structure Analysis

      1. Production Process Analysis

      2. Manufacturing Cost Structure of Petroleum Asphalt

      3. Labor Cost of Petroleum Asphalt



    4. Market Distributors of Petroleum Asphalt

    5. Major Downstream Buyers of Petroleum Asphalt Analysis

    6. The Impact of Covid-19 From the Perspective of Industry Chain

    7. Regional Import and Export Controls Will Exist for a Long Time

    8. Continued downward PMI Spreads Globally



  4. Global Petroleum Asphalt Market, by Type

    1. Global Petroleum Asphalt Value and Market Share by Type (2016 - 2021)

    2. Global Petroleum Asphalt Production and Market Share by Type (2016 - 2021)

    3. Global Petroleum Asphalt Value and Growth Rate by Type (2016 - 2021)

      1. Global Petroleum Asphalt Value and Growth Rate of Paving Petroleum Asphalt

      2. Global Petroleum Asphalt Value and Growth Rate of Industrial Petroleum Asphalt

      3. Global Petroleum Asphalt Value and Growth Rate of Other



    4. Global Petroleum Asphalt Price Analysis by Type (2016 - 2021)



  5. Petroleum Asphalt Market, by Application

    1. Downstream Market Overview

    2. Global Petroleum Asphalt Consumption and Market Share by Application (2016 - 2021)

    3. Global Petroleum Asphalt Consumption and Growth Rate by Application (2016 - 2021)

      1. Paving Global Petroleum Asphalt Consumption and Growth Rate (2016-2021)

      2. Roofing Global Petroleum Asphalt Consumption and Growth Rate (2016-2021)

      3. Other Global Petroleum Asphalt Consumption and Growth Rate (2016-2021)





  6. Global Petroleum Asphalt Market Analysis by Regions

    1. Global Petroleum Asphalt Sales, Revenue and Market Share by Regions

      1. Global Petroleum Asphalt Sales by Regions (2016 - 2021)

      2. Global Petroleum Asphalt Revenue by Regions (2016 - 2021)



    2. North America Petroleum Asphalt Sales and Growth Rate (2016 - 2021)

    3. Europe Petroleum Asphalt Sales and Growth Rate (2016 - 2021)

    4. Asia-Pacific Petroleum Asphalt Sales and Growth Rate (2016 - 2021)

    5. Middle East and Africa Petroleum Asphalt Sales and Growth Rate (2016 - 2021)

    6. South America Petroleum Asphalt Sales and Growth Rate (2016 - 2021)



  7. North America Petroleum Asphalt Market Analysis by Countries

    1. The Influence of COVID-19 on North America Market

    2. North America Petroleum Asphalt Sales, Revenue and Market Share by Countries

      1. North America Petroleum Asphalt Sales by Countries (2016 - 2021)

      2. North America Petroleum Asphalt Revenue by Countries (2016 - 2021



    3. United States Petroleum Asphalt Sales and Growth Rate (2016 - 2021)

    4. Canada Petroleum Asphalt Sales and Growth Rate (2016 - 2021)

    5. Mexico Petroleum Asphalt Sales and Growth Rate (2016 - 2021)



  8. Europe Petroleum Asphalt Market Analysis by Countries

    1. The Influence of COVID-19 on Europe Market

    2. Europe Petroleum Asphalt Sales, Revenue and Market Share by Countries

      1. Europe Petroleum Asphalt Sales by Countries (2016 - 2021)

      2. Europe Petroleum Asphalt Revenue by Countries (2016 - 2021)



    3. Germany Petroleum Asphalt Sales and Growth Rate (2016 - 2021)

    4. UK Petroleum Asphalt Sales and Growth Rate (2016 - 2021)

    5. France Petroleum Asphalt Sales and Growth Rate (2016 - 2021)

    6. Italy Petroleum Asphalt Sales and Growth Rate (2016 - 2021)

    7. Spain Petroleum Asphalt Sales and Growth Rate (2016 - 2021)

    8. Russia Petroleum Asphalt Sales and Growth Rate (2016 - 2021)



  9. Asia Pacific Petroleum Asphalt Market Analysis by Countries

    1. The Influence of COVID-19 on Asia Pacific Market

    2. Asia Pacific Petroleum Asphalt Sales, Revenue and Market Share by Countries

      1. Asia Pacific Petroleum Asphalt Sales by Countries (2016 - 2021)

      2. Asia Pacific Petroleum Asphalt Revenue by Countries (2016 - 2021)



    3. China Petroleum Asphalt Sales and Growth Rate (2016 - 2021)

    4. Japan Petroleum Asphalt Sales and Growth Rate (2016 - 2021)

    5. South Korea Petroleum Asphalt Sales and Growth Rate (2016 - 2021)

    6. India Petroleum Asphalt Sales and Growth Rate (2016 - 2021)

    7. Southeast Asia Petroleum Asphalt Sales and Growth Rate (2016 - 2021)

    8. Australia Petroleum Asphalt Sales and Growth Rate (2016 - 2021)



  10. Middle East and Africa Petroleum Asphalt Market Analysis by Countries

    1. The Influence of COVID-19 on Middle East and Africa Market

    2. Middle East and Africa Petroleum Asphalt Sales, Revenue and Market Share by Countries

      1. Middle East and Africa Petroleum Asphalt Sales by Countries (2016 - 2021)

      2. Middle East and Africa Petroleum Asphalt Revenue by Countries (2016 - 2021)


      Application_List

    3. Saudi Arabia Petroleum Asphalt Sales and Growth Rate (2016 - 2021)

    4. UAE Petroleum Asphalt Sales and Growth Rate (2016 - 2021)

    5. Egypt Petroleum Asphalt Sales and Growth Rate (2016 - 2021)

    6. Nigeria Petroleum Asphalt Sales and Growth Rate (2016 - 2021)

    7. South Africa Petroleum Asphalt Sales and Growth Rate (2016 - 2021)



  11. South America Petroleum Asphalt Market Analysis by Countries

    1. The Influence of COVID-19 on Middle East and Africa Market

    2. South America Petroleum Asphalt Sales, Revenue and Market Share by Countries

      1. South America Petroleum Asphalt Sales by Countries (2016 - 2021)

      2. South America Petroleum Asphalt Revenue by Countries (2016 - 2021)



    3. Brazil Petroleum Asphalt Sales and Growth Rate (2016 - 2021)

    4. Argentina Petroleum Asphalt Sales and Growth Rate (2016 - 2021)

    5. Columbia Petroleum Asphalt Sales and Growth Rate (2016 - 2021)

    6. Chile Petroleum Asphalt Sales and Growth Rate (2016 - 2021)



  12. Competitive Landscape

    1. ExxonMobil

      1. ExxonMobil Basic Information

      2. Petroleum Asphalt Product Introduction

      3. ExxonMobil Production, Value, Price, Gross Margin 2016 - 2021



    2. Cnooc

      1. Cnooc Basic Information

      2. Petroleum Asphalt Product Introduction

      3. Cnooc Production, Value, Price, Gross Margin 2016 - 2021



    3. Sinopec

      1. Sinopec Basic Information

      2. Petroleum Asphalt Product Introduction

      3. Sinopec Production, Value, Price, Gross Margin 2016 - 2021



    4. CNPC

      1. CNPC Basic Information

      2. Petroleum Asphalt Product Introduction

      3. CNPC Production, Value, Price, Gross Margin 2016 - 2021



    5. ConocoPhillips

      1. ConocoPhillips Basic Information

      2. Petroleum Asphalt Product Introduction

      3. ConocoPhillips Production, Value, Price, Gross Margin 2016 - 2021



    6. CRH

      1. CRH Basic Information

      2. Petroleum Asphalt Product Introduction

      3. CRH Production, Value, Price, Gross Margin 2016 - 2021



    7. Pasargad Oil

      1. Pasargad Oil Basic Information

      2. Petroleum Asphalt Product Introduction

      3. Pasargad Oil Production, Value, Price, Gross Margin 2016 - 2021



    8. Marathon Oil

      1. Marathon Oil Basic Information

      2. Petroleum Asphalt Product Introduction

      3. Marathon Oil Production, Value, Price, Gross Margin 2016 - 2021



    9. Petrobras

      1. Petrobras Basic Information

      2. Petroleum Asphalt Product Introduction

      3. Petrobras Production, Value, Price, Gross Margin 2016 - 2021



    10. Total

      1. Total Basic Information

      2. Petroleum Asphalt Product Introduction

      3. Total Production, Value, Price, Gross Margin 2016 - 2021



    11. Valero

      1. Valero Basic Information

      2. Petroleum Asphalt Product Introduction

      3. Valero Production, Value, Price, Gross Margin 2016 - 2021



    12. Rosneft

      1. Rosneft Basic Information

      2. Petroleum Asphalt Product Introduction

      3. Rosneft Production, Value, Price, Gross Margin 2016 - 2021



    13. Axeon

      1. Axeon Basic Information

      2. Petroleum Asphalt Product Introduction

      3. Axeon Production, Value, Price, Gross Margin 2016 - 2021



    14. SK

      1. SK Basic Information

      2. Petroleum Asphalt Product Introduction

      3. SK Production, Value, Price, Gross Margin 2016 - 2021



    15. Tipco

      1. Tipco Basic Information

      2. Petroleum Asphalt Product Introduction

      3. Tipco Production, Value, Price, Gross Margin 2016 - 2021



    16. IOCL

      1. IOCL Basic Information

      2. Petroleum Asphalt Product Introduction

      3. IOCL Production, Value, Price, Gross Margin 2016 - 2021



    17. Gazprom Neft PJSC

      1. Gazprom Neft PJSC Basic Information

      2. Petroleum Asphalt Product Introduction

      3. Gazprom Neft PJSC Production, Value, Price, Gross Margin 2016 - 2021



    18. Pemex

      1. Pemex Basic Information

      2. Petroleum Asphalt Product Introduction

      3. Pemex Production, Value, Price, Gross Margin 2016 - 2021



    19. Suncor Energy

      1. Suncor Energy Basic Information

      2. Petroleum Asphalt Product Introduction

      3. Suncor Energy Production, Value, Price, Gross Margin 2016 - 2021



    20. Repsol

      1. Repsol Basic Information

      2. Petroleum Asphalt Product Introduction

      3. Repsol Production, Value, Price, Gross Margin 2016 - 2021



    21. Nynas

      1. Nynas Basic Information

      2. Petroleum Asphalt Product Introduction

      3. Nynas Production, Value, Price, Gross Margin 2016 - 2021



    22. HPCL

      1. HPCL Basic Information

      2. Petroleum Asphalt Product Introduction

      3. HPCL Production, Value, Price, Gross Margin 2016 - 2021



    23. Ko� Holding

      1. Ko� Holding Basic Information

      2. Petroleum Asphalt Product Introduction

      3. Ko� Holding Production, Value, Price, Gross Margin 2016 - 2021



    24. Shell

      1. Shell Basic Information

      2. Petroleum Asphalt Product Introduction

      3. Shell Production, Value, Price, Gross Margin 2016 - 2021



    25. LOTOS

      1. LOTOS Basic Information

      2. Petroleum Asphalt Product Introduction

      3. LOTOS Production, Value, Price, Gross Margin 2016 - 2021



    26. Husky Energy

      1. Husky Energy Basic Information

      2. Petroleum Asphalt Product Introduction

      3. Husky Energy Production, Value, Price, Gross Margin 2016 - 2021





  13. Industry Outlook

    1. Market Driver Analysis

      1. Market Restraints Analysis

      2. Market Trends Analysis



    2. Merger, Acquisition and New Investment

    3. News of Product Release



  14. Global Petroleum Asphalt Market Forecast

    1. Global Petroleum Asphalt Market Value & Volume Forecast, by Type (2021 - 2025)

      1. Global Petroleum Asphalt Value and Growth Rate of Paving Petroleum Asphalt

      2. Global Petroleum Asphalt Value and Growth Rate of Industrial Petroleum Asphalt



    2. Global Petroleum Asphalt Market Value & Volume Forecast, by Application (2021 - 2025)

      1. Paving Global Petroleum Asphalt Consumption and Growth Rate (2021-2025)

      2. Roofing Global Petroleum Asphalt Consumption and Growth Rate (2021-2025)

      3. Other Global Petroleum Asphalt Consumption and Growth Rate (2021-2025)



    3. Petroleum Asphalt Market Analysis and Forecast by Region

      1. North America Market Value and Consumption Forecast (2021 - 2025)

      2. Asia Pacific Market Value and Consumption Forecast (2021 - 2025)

      3. Middle East and Africa Market Value and Consumption Forecast (2021 - 2025)

      4. South America Market Value and Consumption Forecast (2021 - 2025)





  15. New Project Feasibility Analysis

    1. Industry Barriers and New Entrants SWOT Analysis

      1. Porter's Five Forces Analysis

      2. New Entrants SWOT Analysis



    2. Analysis and Suggestions on New Project Investment



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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