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Asphalt, Lubricating Oil And Grease Manufacturing Global Market Report 2019

Starting Price : $ 4000.00 | Pages : 300 | Published : January 2019 | SKU CODE : 5250 | Format :


Asphalt, Lubricating Oil And Grease Market Characteristics

The asphalt, lubricating oil and grease manufacturing market consists of sales of asphalt, lubricating oil and grease by entities (organizations, sole traders or partnerships) that produce block asphalt, asphalt paving mixture, asphalt shingle, coating materials, petroleum lubricating oil and grease. Asphalt is a sticky, black and highly viscous liquid or semi-solid form of petroleum used for surfacing roads, flooring, and roofing.

Competitive Landscape of the Asphalt, Lubricating Oil And Grease Market

Major players in the global Asphalt, lubricating oil and grease market include Royal Dutch Shell,  BP PLC,  Gazprom Neft,  CRH Plc,  Owens Corning Sales LLC

Asphalt, Lubricating Oil And Grease Market Size

The asphalt, lubricating oil and grease market size is expected to reach over $300 billion by 2022, significantly growing at a CAGR of just around 1% during the forecast period. The growth in the Asphalt, lubricating oil and grease  market is due to rise in demand for petroleum products from developing nations and the expected return of stability in the global oil and gas pricing.

However, the market for Asphalt, lubricating oil and grease is expected to face certain restraints from several factors such as rising cost of oil extraction and growing geo political issues

Asphalt, Lubricating Oil And Grease Market Segmentation

The global asphalt, lubricating oil and grease market is further segmented based on type and geography.
By Type - The asphalt, lubricating oil and grease market is segmented into asphalt, other petroleum products among these segments, the snack and non-alcoholic beverage bars market accounts for the largest share in the global Asphalt, lubricating oil and grease market.
By Geography - The global asphalt, lubricating oil and grease is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the global asphalt, lubricating oil and grease manufacturing market.
Trends in the Asphalt, Lubricating Oil And Grease Market
The use of recycled asphalt shingles (RAS) (a petroleum product which is a variation on traditional asphalt) in asphalt pavement is increasing rapidly as it significantly reduces costs and resources to lay asphalt pavements. Shingle recycling involves collecting asphalt shingles from roof tear-offs and recycling to produce related products. Shingles constitute about 25%-30% asphalt cement, 40%-60% hard aggregate present in 30 to 60 sieves and 3%-12% fiber which are used in asphalt pavements. Recycled shingles reduces the need for landfills and reclaims resources such as asphalt binder and fine aggregate. For instance, according to the US Environmental Protection Agency and the Federal Highway Administration about 100% of asphalt pavement is recycled, thus indicating high levels of asphalt reclamation. Potential Opportunities in the Asphalt, Lubricating Oil And Grease Market With increase in demand for petroleum products from developing nations and the expected return of stability in the global oil and gas pricing. The scope and potential for the global asphalt, lubricating oil and grease market is expected to significantly rise in the forecast period.

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