Market Research Blog

 The global petroleum pitch market is segmented by application into road surface sealings, aluminum anodes, insulation, refractory bricks, brake pads, and others. In 2022, the road surface sealings segment accounted for the largest market share, followed by the aluminum anodes segment. The road surface sealings segment is projected to grow at the highest CAGR during the forecast period, owing to the increasing demand for petroleum pitch in road construction and maintenance activities. Petroleum pitch is a solid, black, or dark brown material that is obtained from the distillation of petroleum. It is a versatile material that has a wide range of applications. In road surface sealings, petroleum pitch is used as a binder to hold together aggregate materials such as sand and gravel. It also provides a water-resistant barrier that protects the road from damage. The aluminum anodes segment is also expected to grow at a significant rate during the forecast period. Aluminum anodes are used

 The global petroleum pitch market is mainly attributed to the constantly rising demand for aluminium and steel and the growing automobile and aerospace industry. Petroleum pitch is a dark, viscous, and sticky liquid or semi-solid hydrocarbon that is obtained as a residue from the distillation of petroleum. It is a black solid at room temperature and has a high melting point. Petroleum pitch is a versatile material that has a wide range of applications, including: Asphalt and roofing materials Electrical insulation Carbon electrodes Lead batteries Brake pads Sealants and adhesives Thermal insulation Friction products Composite materials The demand for petroleum pitch is driven by the growth of the end-use industries mentioned above. The automobile and aerospace industries are major consumers of petroleum pitch, as it is used in the production of brake pads, seals, and other components. The electrical insulation industry is also a major consumer of petroleum pitch, as it is used in th