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.

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%.

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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.

According to this study, over the next five years the Petroleum Asphalt market will register a 6.9% CAGR in terms of revenue, the global market size will reach US$ 72700 million by 2024, from US$ 48800 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Petroleum Asphalt business, shared in Chapter 3.

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.

This study considers the Petroleum Asphalt value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.

• Paving Petroleum Asphalt
• Industrial Petroleum Asphalt

Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.

• Paving
• Roofing
• Other

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.

• Americas
• United States
• Canada
• Mexico
• Brazil
• APAC
• China
• Japan
• Korea
• Southeast Asia

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market.

The key manufacturers covered in this report: Breakdown data in in Chapter 3.

• ExxonMobil
• Cnooc
• Sinopec
• CNPC
• ConocoPhillips
• CRH
• Pasargad Oil Company
• 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

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives

• To study and analyze the global Petroleum Asphalt consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
• To understand the structure of Petroleum Asphalt market by identifying its various subsegments.
• Focuses on the key global Petroleum Asphalt manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
• To analyze the Petroleum Asphalt with respect to individual growth trends, future prospects, and their contribution to the total market.
• To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

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Table of content

2019–2024 Global Petroleum Asphalt Consumption Market Report

1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered

2 Executive Summary
2.1 World Market Overview
2.1.1 Global Petroleum Asphalt Consumption 2014–2024
2.1.2 Petroleum Asphalt Consumption CAGR by Region
2.2 Petroleum Asphalt Segment by Type
2.2.1 Paving Petroleum Asphalt
2.2.2 Industrial Petroleum Asphalt
2.3 Petroleum Asphalt Consumption by Type
2.3.1 Global Petroleum Asphalt Consumption Market Share by Type (2014–2019)
2.3.2 Global Petroleum Asphalt Revenue and Market Share by Type (2014–2019)
2.3.3 Global Petroleum Asphalt Sale Price by Type (2014–2019)
2.4 Petroleum Asphalt Segment by Application
2.4.1 Paving
2.4.2 Roofing
2.4.3 Other
2.5 Petroleum Asphalt Consumption by Application
2.5.1 Global Petroleum Asphalt Consumption Market Share by Application (2014–2019)
2.5.2 Global Petroleum Asphalt Value and Market Share by Application (2014–2019)
2.5.3 Global Petroleum Asphalt Sale Price by Application (2014–2019)

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