Asphalt is a sustainable material for
building pavements and roads, made from stones, sand, and gravel which is held
together by asphalt cement. It is also called Bitumen. It is smooth and quiet,
enabling vehicles on the road to consume less fuel and produce lower emissions.
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The market was valued at $72 billion in
2017, and is expected to be driven by rapid decline in oil and gas prices, being reflected in the price of
refined petroleum products. Asia
Pacific was the largest geographic region in the market in 2017, accounting for
two-fifths of the global market share.
The
asphalt market in The Business Research Company’s report is split into four
segments: asphalt paving mixtures and blocks, prepared asphalt and tar roofing
and siding products, roofing asphalts and
pitches, and coatings and cement.
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China was the largest country in the asphalt market in 2017,
accounting for less than one-fifth of the global asphalt market.
The top five competitors in the market
are BP plc, CEMEX S.A.B. de
C.V., Exxon Mobil, Royal Dutch Shell, and Marathon Petroleum. BP plc is the largest company in asphalt market
with revenues of $200.4 billion. It is a British multinational oil and gas company, headquartered in London, England. The company operates in all areas of the oil and gas
industry, including exploration and production, petrochemicals, refining, power
generation and trading, distribution, and
marketing.
About The Business
Research Company.
The Business Research Company is a
Business Intelligence Company which excels in company, market and consumer
research. It has offices in the UK, the US and India and a network of trained
researchers in 15 countries globally.
Contact Information.
The Business Research Company
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207 1930 708
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8897263534
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315 623 0293
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