Asphalt is semi-solid form of petroleum which is also called as bitumen. Asphalt is manufactured at a temperature of 150 to 180 Celsius. It is black in color and is highly crack resistant and durable.
Asphalt is found in the natural deposits and is obtained as a refined product. It is very viscous and sticky in appearance. The components of crude oil involving diesel, gasoline and naphtha are separated via the procedure of vacuum purification to produce Asphalt.
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With the expansion of construction industry, Asia Pacific is the largest region of Asphalt market, and it is followed by North America. The markets of Europe are also projected to show significant growth in waterproofing of infrastructure and repairments in roadways.
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, lithium carbonate price and coal 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 chart, 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:
Industrial uses impacting the asphalt price trend primarily include roofing and construction applications, cable and pipe coatings, waterproofing tile underlying, production of the newspaper ink, pedestrian and footpath ways, runways of airports, 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: Sunland Asphalt and Construction, Inc., a top manufacturer of asphalt and provider of paving solutions, will merge with ACE Asphalt of Arizona, Inc. after Huron Capital Partners LLC purchases it. Companies will have the chance to grow their services to both public and private customers and diversify their markets.
- February 2021: Viabase, an engineered asphalt concrete, was recently introduced by Cemex UK. The product is appropriate for residential housing estate roads, where it will be subjected to construction traffic before resurfaced once homes have been constructed.
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 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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Reference Link: https://researz.com/asphalt-prices/