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Petroleum Asphalt-Global Market Insights and Sales Trends 2025

Petroleum Asphalt-Global Market Insights and Sales Trends 2025

Publishing Date : Mar, 2025

License Type :
 

Report Code : 1825853

No of Pages : 122

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Synopsis
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.
The global Petroleum Asphalt market size is expected to reach US$ 105650 million by 2029, growing at a CAGR of 6.7% from 2023 to 2029. The market is mainly driven by the significant applications of Petroleum Asphalt in various end use industries. The expanding demands from the Paving, Roofing and Other, are propelling Petroleum Asphalt market. Paving Petroleum Asphalt, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Industrial Petroleum Asphalt segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Petroleum Asphalt, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Petroleum Asphalt market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Petroleum Asphalt market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Petroleum Asphalt sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Petroleum Asphalt covered in this report include ExxonMobil, Cnooc, Sinopec, CNPC, ConocoPhillips, CRH, Pasargad Oil, Marathon Oil and Petrobras, etc.
The global Petroleum Asphalt market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
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
Global Petroleum Asphalt market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Petroleum Asphalt market, Segment by Type:
Paving Petroleum Asphalt
Industrial Petroleum Asphalt
Global Petroleum Asphalt market, by Application
Paving
Roofing
Other
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Petroleum Asphalt manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Petroleum Asphalt in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: 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 Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index
1 Petroleum Asphalt Market Overview
1.1 Petroleum Asphalt Product Overview
1.2 Petroleum Asphalt Market Segment by Type
1.2.1 Paving Petroleum Asphalt
1.2.2 Industrial Petroleum Asphalt
1.3 Global Petroleum Asphalt Market Size by Type
1.3.1 Global Petroleum Asphalt Market Size Overview by Type (2018-2029)
1.3.2 Global Petroleum Asphalt Historic Market Size Review by Type (2018-2023)
1.3.3 Global Petroleum Asphalt Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Petroleum Asphalt Sales Breakdown by Type (2018-2023)
1.4.2 Europe Petroleum Asphalt Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Petroleum Asphalt Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Petroleum Asphalt Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Petroleum Asphalt Sales Breakdown by Type (2018-2023)
2 Global Petroleum Asphalt Market Competition by Company
2.1 Global Top Players by Petroleum Asphalt Sales (2018-2023)
2.2 Global Top Players by Petroleum Asphalt Revenue (2018-2023)
2.3 Global Top Players by Petroleum Asphalt Price (2018-2023)
2.4 Global Top Manufacturers Petroleum Asphalt Manufacturing Base Distribution, Sales Area, Product Type
2.5 Petroleum Asphalt Market Competitive Situation and Trends
2.5.1 Petroleum Asphalt Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Petroleum Asphalt Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Petroleum Asphalt as of 2022)
2.7 Date of Key Manufacturers Enter into Petroleum Asphalt Market
2.8 Key Manufacturers Petroleum Asphalt Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Petroleum Asphalt Status and Outlook by Region
3.1 Global Petroleum Asphalt Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Petroleum Asphalt Historic Market Size by Region
3.2.1 Global Petroleum Asphalt Sales in Volume by Region (2018-2023)
3.2.2 Global Petroleum Asphalt Sales in Value by Region (2018-2023)
3.2.3 Global Petroleum Asphalt Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Petroleum Asphalt Forecasted Market Size by Region
3.3.1 Global Petroleum Asphalt Sales in Volume by Region (2024-2029)
3.3.2 Global Petroleum Asphalt Sales in Value by Region (2024-2029)
3.3.3 Global Petroleum Asphalt Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Petroleum Asphalt by Application
4.1 Petroleum Asphalt Market Segment by Application
4.1.1 Paving
4.1.2 Roofing
4.1.3 Other
4.2 Global Petroleum Asphalt Market Size by Application
4.2.1 Global Petroleum Asphalt Market Size Overview by Application (2018-2029)
4.2.2 Global Petroleum Asphalt Historic Market Size Review by Application (2018-2023)
4.2.3 Global Petroleum Asphalt Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Petroleum Asphalt Sales Breakdown by Application (2018-2023)
4.3.2 Europe Petroleum Asphalt Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Petroleum Asphalt Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Petroleum Asphalt Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Petroleum Asphalt Sales Breakdown by Application (2018-2023)
5 North America Petroleum Asphalt by Country
5.1 North America Petroleum Asphalt Historic Market Size by Country
5.1.1 North America Petroleum Asphalt Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Petroleum Asphalt Sales in Volume by Country (2018-2023)
5.1.3 North America Petroleum Asphalt Sales in Value by Country (2018-2023)
5.2 North America Petroleum Asphalt Forecasted Market Size by Country
5.2.1 North America Petroleum Asphalt Sales in Volume by Country (2024-2029)
5.2.2 North America Petroleum Asphalt Sales in Value by Country (2024-2029)
6 Europe Petroleum Asphalt by Country
6.1 Europe Petroleum Asphalt Historic Market Size by Country
6.1.1 Europe Petroleum Asphalt Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Petroleum Asphalt Sales in Volume by Country (2018-2023)
6.1.3 Europe Petroleum Asphalt Sales in Value by Country (2018-2023)
6.2 Europe Petroleum Asphalt Forecasted Market Size by Country
6.2.1 Europe Petroleum Asphalt Sales in Volume by Country (2024-2029)
6.2.2 Europe Petroleum Asphalt Sales in Value by Country (2024-2029)
7 Asia-Pacific Petroleum Asphalt by Region
7.1 Asia-Pacific Petroleum Asphalt Historic Market Size by Region
7.1.1 Asia-Pacific Petroleum Asphalt Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Petroleum Asphalt Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Petroleum Asphalt Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Petroleum Asphalt Forecasted Market Size by Region
7.2.1 Asia-Pacific Petroleum Asphalt Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Petroleum Asphalt Sales in Value by Region (2024-2029)
8 Latin America Petroleum Asphalt by Country
8.1 Latin America Petroleum Asphalt Historic Market Size by Country
8.1.1 Latin America Petroleum Asphalt Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Petroleum Asphalt Sales in Volume by Country (2018-2023)
8.1.3 Latin America Petroleum Asphalt Sales in Value by Country (2018-2023)
8.2 Latin America Petroleum Asphalt Forecasted Market Size by Country
8.2.1 Latin America Petroleum Asphalt Sales in Volume by Country (2024-2029)
8.2.2 Latin America Petroleum Asphalt Sales in Value by Country (2024-2029)
9 Middle East and Africa Petroleum Asphalt by Country
9.1 Middle East and Africa Petroleum Asphalt Historic Market Size by Country
9.1.1 Middle East and Africa Petroleum Asphalt Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Petroleum Asphalt Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Petroleum Asphalt Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Petroleum Asphalt Forecasted Market Size by Country
9.2.1 Middle East and Africa Petroleum Asphalt Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Petroleum Asphalt Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 ExxonMobil
10.1.1 ExxonMobil Company Information
10.1.2 ExxonMobil Introduction and Business Overview
10.1.3 ExxonMobil Petroleum Asphalt Sales, Revenue and Gross Margin (2018-2023)
10.1.4 ExxonMobil Petroleum Asphalt Products Offered
10.1.5 ExxonMobil Recent Development
10.2 Cnooc
10.2.1 Cnooc Company Information
10.2.2 Cnooc Introduction and Business Overview
10.2.3 Cnooc Petroleum Asphalt Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Cnooc Petroleum Asphalt Products Offered
10.2.5 Cnooc Recent Development
10.3 Sinopec
10.3.1 Sinopec Company Information
10.3.2 Sinopec Introduction and Business Overview
10.3.3 Sinopec Petroleum Asphalt Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Sinopec Petroleum Asphalt Products Offered
10.3.5 Sinopec Recent Development
10.4 CNPC
10.4.1 CNPC Company Information
10.4.2 CNPC Introduction and Business Overview
10.4.3 CNPC Petroleum Asphalt Sales, Revenue and Gross Margin (2018-2023)
10.4.4 CNPC Petroleum Asphalt Products Offered
10.4.5 CNPC Recent Development
10.5 ConocoPhillips
10.5.1 ConocoPhillips Company Information
10.5.2 ConocoPhillips Introduction and Business Overview
10.5.3 ConocoPhillips Petroleum Asphalt Sales, Revenue and Gross Margin (2018-2023)
10.5.4 ConocoPhillips Petroleum Asphalt Products Offered
10.5.5 ConocoPhillips Recent Development
10.6 CRH
10.6.1 CRH Company Information
10.6.2 CRH Introduction and Business Overview
10.6.3 CRH Petroleum Asphalt Sales, Revenue and Gross Margin (2018-2023)
10.6.4 CRH Petroleum Asphalt Products Offered
10.6.5 CRH Recent Development
10.7 Pasargad Oil
10.7.1 Pasargad Oil Company Information
10.7.2 Pasargad Oil Introduction and Business Overview
10.7.3 Pasargad Oil Petroleum Asphalt Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Pasargad Oil Petroleum Asphalt Products Offered
10.7.5 Pasargad Oil Recent Development
10.8 Marathon Oil
10.8.1 Marathon Oil Company Information
10.8.2 Marathon Oil Introduction and Business Overview
10.8.3 Marathon Oil Petroleum Asphalt Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Marathon Oil Petroleum Asphalt Products Offered
10.8.5 Marathon Oil Recent Development
10.9 Petrobras
10.9.1 Petrobras Company Information
10.9.2 Petrobras Introduction and Business Overview
10.9.3 Petrobras Petroleum Asphalt Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Petrobras Petroleum Asphalt Products Offered
10.9.5 Petrobras Recent Development
10.10 Total
10.10.1 Total Company Information
10.10.2 Total Introduction and Business Overview
10.10.3 Total Petroleum Asphalt Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Total Petroleum Asphalt Products Offered
10.10.5 Total Recent Development
10.11 Valero
10.11.1 Valero Company Information
10.11.2 Valero Introduction and Business Overview
10.11.3 Valero Petroleum Asphalt Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Valero Petroleum Asphalt Products Offered
10.11.5 Valero Recent Development
10.12 Rosneft
10.12.1 Rosneft Company Information
10.12.2 Rosneft Introduction and Business Overview
10.12.3 Rosneft Petroleum Asphalt Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Rosneft Petroleum Asphalt Products Offered
10.12.5 Rosneft Recent Development
10.13 Axeon
10.13.1 Axeon Company Information
10.13.2 Axeon Introduction and Business Overview
10.13.3 Axeon Petroleum Asphalt Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Axeon Petroleum Asphalt Products Offered
10.13.5 Axeon Recent Development
10.14 SK
10.14.1 SK Company Information
10.14.2 SK Introduction and Business Overview
10.14.3 SK Petroleum Asphalt Sales, Revenue and Gross Margin (2018-2023)
10.14.4 SK Petroleum Asphalt Products Offered
10.14.5 SK Recent Development
10.15 Tipco
10.15.1 Tipco Company Information
10.15.2 Tipco Introduction and Business Overview
10.15.3 Tipco Petroleum Asphalt Sales, Revenue and Gross Margin (2018-2023)
10.15.4 Tipco Petroleum Asphalt Products Offered
10.15.5 Tipco Recent Development
10.16 IOCL
10.16.1 IOCL Company Information
10.16.2 IOCL Introduction and Business Overview
10.16.3 IOCL Petroleum Asphalt Sales, Revenue and Gross Margin (2018-2023)
10.16.4 IOCL Petroleum Asphalt Products Offered
10.16.5 IOCL Recent Development
10.17 Gazprom Neft PJSC
10.17.1 Gazprom Neft PJSC Company Information
10.17.2 Gazprom Neft PJSC Introduction and Business Overview
10.17.3 Gazprom Neft PJSC Petroleum Asphalt Sales, Revenue and Gross Margin (2018-2023)
10.17.4 Gazprom Neft PJSC Petroleum Asphalt Products Offered
10.17.5 Gazprom Neft PJSC Recent Development
10.18 Pemex
10.18.1 Pemex Company Information
10.18.2 Pemex Introduction and Business Overview
10.18.3 Pemex Petroleum Asphalt Sales, Revenue and Gross Margin (2018-2023)
10.18.4 Pemex Petroleum Asphalt Products Offered
10.18.5 Pemex Recent Development
10.19 Suncor Energy
10.19.1 Suncor Energy Company Information
10.19.2 Suncor Energy Introduction and Business Overview
10.19.3 Suncor Energy Petroleum Asphalt Sales, Revenue and Gross Margin (2018-2023)
10.19.4 Suncor Energy Petroleum Asphalt Products Offered
10.19.5 Suncor Energy Recent Development
10.20 Repsol
10.20.1 Repsol Company Information
10.20.2 Repsol Introduction and Business Overview
10.20.3 Repsol Petroleum Asphalt Sales, Revenue and Gross Margin (2018-2023)
10.20.4 Repsol Petroleum Asphalt Products Offered
10.20.5 Repsol Recent Development
10.21 Nynas
10.21.1 Nynas Company Information
10.21.2 Nynas Introduction and Business Overview
10.21.3 Nynas Petroleum Asphalt Sales, Revenue and Gross Margin (2018-2023)
10.21.4 Nynas Petroleum Asphalt Products Offered
10.21.5 Nynas Recent Development
10.22 HPCL
10.22.1 HPCL Company Information
10.22.2 HPCL Introduction and Business Overview
10.22.3 HPCL Petroleum Asphalt Sales, Revenue and Gross Margin (2018-2023)
10.22.4 HPCL Petroleum Asphalt Products Offered
10.22.5 HPCL Recent Development
10.23 Koç Holding
10.23.1 Koç Holding Company Information
10.23.2 Koç Holding Introduction and Business Overview
10.23.3 Koç Holding Petroleum Asphalt Sales, Revenue and Gross Margin (2018-2023)
10.23.4 Koç Holding Petroleum Asphalt Products Offered
10.23.5 Koç Holding Recent Development
10.24 Shell
10.24.1 Shell Company Information
10.24.2 Shell Introduction and Business Overview
10.24.3 Shell Petroleum Asphalt Sales, Revenue and Gross Margin (2018-2023)
10.24.4 Shell Petroleum Asphalt Products Offered
10.24.5 Shell Recent Development
10.25 LOTOS
10.25.1 LOTOS Company Information
10.25.2 LOTOS Introduction and Business Overview
10.25.3 LOTOS Petroleum Asphalt Sales, Revenue and Gross Margin (2018-2023)
10.25.4 LOTOS Petroleum Asphalt Products Offered
10.25.5 LOTOS Recent Development
10.26 Husky Energy
10.26.1 Husky Energy Company Information
10.26.2 Husky Energy Introduction and Business Overview
10.26.3 Husky Energy Petroleum Asphalt Sales, Revenue and Gross Margin (2018-2023)
10.26.4 Husky Energy Petroleum Asphalt Products Offered
10.26.5 Husky Energy Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Petroleum Asphalt Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Petroleum Asphalt Industrial Chain Analysis
11.4 Petroleum Asphalt Market Dynamics
11.4.1 Petroleum Asphalt Industry Trends
11.4.2 Petroleum Asphalt Market Drivers
11.4.3 Petroleum Asphalt Market Challenges
11.4.4 Petroleum Asphalt Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Petroleum Asphalt Distributors
12.3 Petroleum Asphalt Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer

Published By : QY Research

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