The asphalt, lubricating, oil and grease manufacturing industry includes establishments manufacturing block, asphalt paving mixture, asphalt shingle, coating materials, petroleum lubricating oil and grease. Asphalt, lubricating, oil and grease manufacturing industry in this report is segmented into Asphalt and other petroleum products manufacturing segments.
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The market is valued at $317 billion in 2017 due to rise in demand for petroleum products from developing nations and the expected return of stability in the global oil and gas pricing.
The asphalt, lubricating, oil and grease manufacturing market in The Business Research Company’s report is segmented into two segments, namely asphalt and other petroleum products manufacturing segments. Other petroleum products segment accounts for more than three-fourth of the market share and the remaining share is attributed to the other segment.
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China was the largest country in the asphalt, lubricating, oil and grease manufacturing market in 2017, accounting for more than one-sixth of the market share. China was followed by the USA and Japan as the next largest countries in the market.
Royal Dutch Shell was the largest competitor in the asphalt, lubricating, oil and grease manufacturing market, followed by BP P.L.C. and Gazprom Neft. Royal Dutch Shell Plc is engaged in oil and natural gas production.
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