Global Petroleum Pitch Market by 2032 covers Price, Upcoming Trends Segmentation, Opportunities and Forecast
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