The asphalt, lubricating oil and grease manufacturing market includes establishments manufacturing block, 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.
The top five companies covered are Royal Dutch Shell, BP P.L.C., Gazprom Neft, CRH Plc and Owens Corning Sales LLC. Royal Dutch Shell was the largest competitor in the asphalt and other petroleum products market in 2017.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Asphalt, Lubricating Oil and Grease Manufacturing Market Size
The global asphalt, lubricating oil and grease manufacturing market was valued at around $316 billion in 2017. Asia Pacific was the largest region in the asphalt, lubricating oil and grease manufacturing market in 2017, accounting for more than 40% market share. China was the largest country in the market in 2017, accounting for nearly 15% market share.
Asphalt, Lubricating Oil and Grease Manufacturing Market Trend
Polymer modified asphalt(PMA),which is variation of traditional asphalt has been gaining popularity as it can be fixed at comparatively low temperatures and retains surface granules better compared to standard granules. Asphalts are mixed with elastomers to produce PMA which has higher rutting resistance and durability. Styrene-butadiene-styrene (SBS) and Styrene-butadiene rubber (SBR) are the most commonly used elastomers to produce PMA.
Asphalt, Lubricating Oil and Grease Manufacturing Market Segmentation
Asphalt, lubricating oil and grease manufacturing market is segmented into Asphalt and Other Petroleum Products segments.
Asphalt segment includes companies manufacturing asphalt and tar paving mixtures and blocks from purchased asphaltic materials.
Other Petroleum Products Manufacturing comprises establishments manufacturing petroleum products from refined petroleum and coal products made in coke ovens such as petroleum briquettes, coke oven products, petroleum waxes, and oil-based additives (this does not include coke production integrated with a steel mill).