PITCH MARKET
OVERVIEW
Pitch is a dark, viscous material obtained from petroleum, coal tar, or plant sources, widely utilized as a binding agent, sealant, and waterproofing substance in industries such as construction, manufacturing, and chemical processing.
MARKET SIZE AND GROWTH
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MARKET SIZE (2023):
APPROXIMATELY USD 39.76 BILLION PROJECTED MARKET SIZE (2032): AROUND USD 50.64 BILLION
COMPOUND ANNUAL GROWTH RATE (CAGR): 4.0% DURING THE FORECAST PERIOD.
MARKET SEGMENTATION
By Type
Paving Grade Pitch: Used predominantly in road construction and maintenance.
Industrial Grade Pitch: Employed in manufacturing processes for products like roofing materials, coatings, and carbon-based items.
By Application
Paving: Major application involving road and highway construction.
Roofing: Utilized in producing roofing materials for waterproofing and sealing.
Others: Includes applications in coatings, sealants, and carbon product manufacturing.
REGIONAL ANALYSIS
Study focuses on evaluating the market landscape, consumer trends, and competition pertinent to the new product.
MIDDLE EAST & AFRICA
Covering countries in the Middle East and Africa.
EUROPE
Including Germany, France, the
United Kingdom, Italy, Spain, and the rest of Europe
NORTH AMERICA
Comprising the United States, Canada, and Mexico.
ASIA-PACIFIC
Encompassing China, India, Japan, South Korea, Australia, and other APAC countries.
KEY PLAYERS
Sinopec
