Asphalt, commonly known as bitumen, is a semi-solid type of petroleum. A temperature range of 150 to 180 Celsius is used to produce asphalt. It is black in colour and is very sturdy and crack resistant. Asphalt can be obtained as a refined product or as a natural deposit. It appears to be quite viscous and sticky. Vacuum distillation is used to separate the parts of crude oil, such as naphtha, diesel, and gasoline, to create asphalt.
India and China, followed by the United States, is the region with the largest asphalt market due to the growth of the building industry.
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Key Details About the Asphalt Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the asphalt price, thiram price and tomato puree price etc. in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The asphalt price trend, pricing database, and analysis can prove valuable for the procurement managers, directors, and decision-makers to build up their strongly backed up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Asphalt Price Trend:
Asphalt is used industrially for a variety of purposes, including roofing and building, cable and pipe coatings, tile waterproofing, newspaper ink production, pedestrian and footpath routes, airport runways, and binders.
Key Market Players:
• China Petroleum & Chemical Corporation (or Sinopec)
• Elead Ingoton Mobil Corporation
• Nynas AB
• Royal Dutch Shell Plc
News and Events:
• March 2021: Huron Capital Partners LLC buys ACE Asphalt of Arizona, Inc., and will merge with Sunland Asphalt and Construction, Inc., a leading producer of asphalt and a provider of paving solutions. Businesses will have the ability to diversify their markets and expand their services to both public and private clients.
• February 2021: The synthetic asphalt concrete known as Viabase was recently unveiled by Cemex UK. The product is suitable for residential estate roads that will be used during construction and then resurfaced after dwellings have been built.
Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team track the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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