The asphalt, lubricating oil and grease manufacturing market
includes establishments manufacturing block, asphalt paving mixture, asphalt
shingle, coating materials, petroleum lubricating oil and grease. Asphalt is a
sticky, black and highly viscous liquid or semi-solid form of petroleum used
for surfacing roads, flooring, and roofing.
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The global asphalt, lubricating,
oil and grease manufacturing market has been declining in the past years with a
CAGR of almost -12%. TBRC’s latest report show the historic and future trends
in the market for each year with sourced reasons to support the decline claims.
The report also shows the global
asphalt, lubricating, oil and grease manufacturing market to decline at a higher
CAGR by 2021 as compared to 2017.
Sample report:
Polymer modified asphalt (PMA), which
is variation of traditional asphalt has been gaining popularity as it can be
fixed at comparatively low temperatures and retains surface granules better
compared to standard granules. Asphalts are mixed with elastomers to produce
PMA which has higher rutting resistance and durability.
Styrene-butadiene-styrene (SBS) and Styrene-butadiene rubber (SBR) are the most
commonly used elastomers to produce PMA. For instance, the global PMA market
grew by 7% during 2015-22, thus indicating high demand for PMA.
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Companies included in the report
are Royal Dutch Shell, BP P.L.C., Gazprom Neft, CRH Plc, Owens Corning Sales
LLC, Lafargeholcim Ltd, Valero, Imperial Oil Ltd, and Vulcan Materials Co.
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