Asphalt, also known as bitumen, 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.
The main use of asphalt is road construction, and 80% of asphalt is used for road construction. Asphalt can also be used as a waterproof product, such as roofing felt.

This report provides a complete quantitative data and qualitative analysis on the global market for Asphalt (Bitumen). Market size is analysed by country, product type, application, and competitors. Expanded coverage includes additional end-user industry breakdowns and in-depth producer profiles.
Prior to COVID-19, the global market for Asphalt (Bitumen) was anticipated to grow from US$ XX million in 2020 to US$ XX million by 2026; it is expected to grow at a CAGR of xx% during 2021–2026, whereas post-COVID-19 scenario, the market for Asphalt (Bitumen) is projected to grow from US$ XX million in 2020 (a change by ~XX% compared to market estimated for 2020 before the outbreak of COVID-19) to US$ XX billion by 2026; it is expected to grow at a CAGR of XX% during 2021–2026.
This report covers market size and forecasts of Asphalt (Bitumen), including the following market information:
Global Asphalt (Bitumen) Market Size, 2019-2021, and 2020 (quarterly data), (US$ Million) & (K MT)
Global Asphalt (Bitumen) Market Size by Type and by Application, 2019-2021, and 2020 (quarterly data), (US$ Million) & (K MT)
Global Asphalt (Bitumen) Market Size by Region (and Key Countries), 2019-2021, and 2020 (quarterly data), (US$ Million) & (K MT)
Global Asphalt (Bitumen) Market Size by Company, 2019- 2020 (quarterly data), (US$ Million) & (K MT)

Key market players
Major competitors identified in this market include CNPC, Sinopec, CNOOC, Rosneft, LUKOIL, BPCL, IOCL, HPCL, SK, S-Oil, Shell, ExxonMobil, Pertamina, Tipco Asphalt, LOTOS, Marathon Oil, KoçHolding, CRH, Nynas, Phillips 66 Company, Suncor Energy, Husky Energy, etc.

Based on the Region:
Asia-Pacific (China, Japan, South Korea, India and ASEAN)
North America (US and Canada)
Europe (Germany, France, UK and Italy)
Rest of World (Latin America, Middle East & Africa)

Based on the Type:
Paving Petroleum Asphalt
Industrial Petroleum Asphalt
Others

Based on the Application:
Paving
Roofing
Others