Petroleum Pitch Market growth
The petroleum pitch market is expected to have a CAGR of 4.2% until the end of 2030. The entire market is expected to be worth US$989.6 million by this time
The petroleum pitch market has been expanding exponentially over the last few decades due to the extensive application of pitch in tar, bitumen, and asphalt which are widely used in the construction,...
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...