Global Asphalt Market Production 141.8 Million Tons by 2020

Date: 2017-07-13

Asphalt is a sticky, black, and highly viscous liquid or semi-solid form of petroleum. It may be found in natural deposits or may be a refined product, and is classed as a pitch. Asphalt includes Road Asphalt and Construction Asphalt on the base of classification, which represent 87% and 7% of global Asphalt market. 

Road and Construction are the main application of Asphalt product and North American is the largest Asphalt market on production and consumption.

Global Asphalt market is projected to reach 141.8 Million Tons by 2020, with a GAGR of 3.5% from 2016, and Asia will have a big dynamic momentum on the market growth. The major players in the global Asphalt market are ExxonMobil, Imperial Oil, British Petroleum and Shell Bitumen etc.

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Joanna | Executive – International Business and partner Relations
E-mail: | Tel: 510-400-8520


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