Global Straight-Run Asphalt Market Growth 2025-2031
Description
The global Straight-Run Asphalt market size is predicted to grow from US$ 1172 million in 2025 to US$ 1434 million in 2031; it is expected to grow at a CAGR of 3.4% from 2025 to 2031.
Straight-run asphalt, also known as native asphalt or paving asphalt, is a type of asphalt obtained directly from the distillation of crude oil without further chemical modification. It's a highly viscous, black or dark brown material composed primarily of hydrocarbons. Its properties, such as viscosity and penetration, are determined by the characteristics of the crude oil source and the distillation process. Straight-run asphalt is primarily used in road construction as a binder for aggregates in asphalt pavements. It provides durability, water resistance, and flexibility to the pavement structure.
The straight-run asphalt market is influenced by several factors, including infrastructure spending, road construction activity, and crude oil prices. Demand for asphalt is generally tied to economic growth and urbanization, particularly in developing countries where infrastructure development is a priority. A key trend is the increasing focus on sustainable and environmentally friendly asphalt technologies. This includes the use of recycled asphalt materials, warm-mix asphalt techniques to reduce energy consumption during paving, and the development of bio-based asphalt binders to replace or supplement traditional petroleum-based asphalt. Modifications to straight-run asphalt with polymers or other additives are also becoming more common to enhance pavement performance, durability, and resistance to cracking and rutting. The market also faces challenges, such as fluctuating crude oil prices, which can impact the cost of asphalt production. Furthermore, competition from alternative paving materials, such as concrete, can influence the demand for asphalt in certain applications. However, the overall outlook for the straight-run asphalt market remains relatively stable, driven by the continued need for road construction and maintenance globally.
LP Information, Inc. (LPI) ' newest research report, the “Straight-Run Asphalt Industry Forecast” looks at past sales and reviews total world Straight-Run Asphalt sales in 2024, providing a comprehensive analysis by region and market sector of projected Straight-Run Asphalt sales for 2025 through 2031. With Straight-Run Asphalt sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Straight-Run Asphalt industry.
This Insight Report provides a comprehensive analysis of the global Straight-Run Asphalt landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Straight-Run Asphalt portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Straight-Run Asphalt market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Straight-Run Asphalt and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Straight-Run Asphalt.
This report presents a comprehensive overview, market shares, and growth opportunities of Straight-Run Asphalt market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
No. 30 Asphalt
No. 50 Asphalt
Segmentation by Application:
Highway
Construction
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
ExxonMobil
Cnooc
Sinopec
CNPC
ConocoPhillips
CRH
Pasargad Oil
Marathon Oil
Petrobras
Total
Valero
Rosneft
Axeon
SK
Tipco
IOCL
Gazprom Neft PJSC
Pemex
Suncor Energy
Repsol
Nynas
HPCL
Koç Holding
Shell
LOTOS
Husky Energy
Key Questions Addressed in this Report
What is the 10-year outlook for the global Straight-Run Asphalt market?
What factors are driving Straight-Run Asphalt market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Straight-Run Asphalt market opportunities vary by end market size?
How does Straight-Run Asphalt break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Straight-run asphalt, also known as native asphalt or paving asphalt, is a type of asphalt obtained directly from the distillation of crude oil without further chemical modification. It's a highly viscous, black or dark brown material composed primarily of hydrocarbons. Its properties, such as viscosity and penetration, are determined by the characteristics of the crude oil source and the distillation process. Straight-run asphalt is primarily used in road construction as a binder for aggregates in asphalt pavements. It provides durability, water resistance, and flexibility to the pavement structure.
The straight-run asphalt market is influenced by several factors, including infrastructure spending, road construction activity, and crude oil prices. Demand for asphalt is generally tied to economic growth and urbanization, particularly in developing countries where infrastructure development is a priority. A key trend is the increasing focus on sustainable and environmentally friendly asphalt technologies. This includes the use of recycled asphalt materials, warm-mix asphalt techniques to reduce energy consumption during paving, and the development of bio-based asphalt binders to replace or supplement traditional petroleum-based asphalt. Modifications to straight-run asphalt with polymers or other additives are also becoming more common to enhance pavement performance, durability, and resistance to cracking and rutting. The market also faces challenges, such as fluctuating crude oil prices, which can impact the cost of asphalt production. Furthermore, competition from alternative paving materials, such as concrete, can influence the demand for asphalt in certain applications. However, the overall outlook for the straight-run asphalt market remains relatively stable, driven by the continued need for road construction and maintenance globally.
LP Information, Inc. (LPI) ' newest research report, the “Straight-Run Asphalt Industry Forecast” looks at past sales and reviews total world Straight-Run Asphalt sales in 2024, providing a comprehensive analysis by region and market sector of projected Straight-Run Asphalt sales for 2025 through 2031. With Straight-Run Asphalt sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Straight-Run Asphalt industry.
This Insight Report provides a comprehensive analysis of the global Straight-Run Asphalt landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Straight-Run Asphalt portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Straight-Run Asphalt market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Straight-Run Asphalt and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Straight-Run Asphalt.
This report presents a comprehensive overview, market shares, and growth opportunities of Straight-Run Asphalt market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
No. 30 Asphalt
No. 50 Asphalt
Segmentation by Application:
Highway
Construction
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
ExxonMobil
Cnooc
Sinopec
CNPC
ConocoPhillips
CRH
Pasargad Oil
Marathon Oil
Petrobras
Total
Valero
Rosneft
Axeon
SK
Tipco
IOCL
Gazprom Neft PJSC
Pemex
Suncor Energy
Repsol
Nynas
HPCL
Koç Holding
Shell
LOTOS
Husky Energy
Key Questions Addressed in this Report
What is the 10-year outlook for the global Straight-Run Asphalt market?
What factors are driving Straight-Run Asphalt market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Straight-Run Asphalt market opportunities vary by end market size?
How does Straight-Run Asphalt break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
170 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for Straight-Run Asphalt by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for Straight-Run Asphalt by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
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