Asia Pacific Petroleum Pitch Market Current Status And Top Manufacturers
The Asia Pacific petroleum pitch market is driven by the rising demand for petroleum pitch in a variety of applications, such as brake pads, road surface sealings, aluminum anodes, insulation, and refractory bricks. The Asia Pacific region is the largest market for petroleum pitch, accounting for a share of over 34% in 2022. The region is expected to continue to dominate the market during the forecast period, driven by the rapid growth of the automotive, aerospace, and construction industries. China is the largest market for petroleum pitch in the Asia Pacific region. The country is home to a large and growing automotive industry, which is a major consumer of petroleum pitch. The increasing demand for petroleum pitch in the construction industry is also driving the market in China. India is another major market for petroleum pitch in the Asia Pacific region. The country is witnessing rapid economic growth, which is leading to an increase in infrastructure development. This is driving