Straight-Run Asphalt Market 2025 - Industry Trends, Growth Opportunities & Forecast Analysis 2025-2031 | ExxonMobil, Cnooc, Sinopec, CNPC, ConocoPhillips

LOS ANGELES, United States: QY Research is pleased to announce the release of its latest market study, titled "Global Straight-Run Asphalt Market Research Report 2025." This comprehensive report provides an in-depth analysis of key market insights, trends, opportunities, drivers, and restraints shaping the global Straight-Run Asphalt market. QY Research is committed to delivering well-researched, data-driven insights to meet client requirements and provide a clear understanding of market dynamics. Compiled by industry experts, this report aims to highlight crucial market elements and guide readers on the evolving trends and future outlook of the Straight-Run Asphalt industry.

The global market for Straight-Run Asphalt was valued at US$ 1108 million in the year 2024 and is projected to reach a revised size of US$ 1455 million by 2031, growing at a CAGR of 3.3% during the forecast period.

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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.

Market Segmentation: A Data-Driven Approach

Our market analysts are experts in deeply segmenting the global Straight-Run Asphalt market and thoroughly evaluating the growth potential of each and every segment studied in the report. Right at the beginning of the research study, the segments are compared on the basis of consumption and growth rate for a review period of nine years. The segmentation study included in the report offers a brilliant analysis of the global Straight-Run Asphalt market, taking into consideration the market potential of different segments studied. It assists market participants to focus on high-growth areas of the global Straight-Run Asphalt market and plan powerful business tactics to secure a position of strength in the industry.

Details of Straight-Run Asphalt Market Segmentation: -

Segment by Type:

No. 30 Asphalt
No. 50 Asphalt

Segment by Application:

Highway
Construction
Others

Regional Outlook: Identifying High-Growth Markets

Straight-Run Asphalt market research study is incomplete without regional analysis, and we are well aware of it. That is why, the report includes a comprehensive and all-inclusive study that solely concentrates on the geographical growth of the global Straight-Run Asphalt market. The study also includes accurate estimations about market growth at the global, regional, and country levels. It empowers you to understand why some regional markets are flourishing while others are seeing a decline in growth. It also allows you to focus on geographies that hold the potential to create lucrative prospects in the near future.

Segment by Region:

North America
Europe
Asia Pacific
South America
Middle East and Africa

Competitive Landscape: Key Industry Players & Market Strategies

Leading players of the global Straight-Run Asphalt market are analysed taking into account their market share, recent developments, new product launches, partnerships, mergers or acquisitions, and markets served. We also provide an exhaustive analysis of their product portfolios to explore the products and applications they concentrate on when operating in the global Straight-Run Asphalt market. Furthermore, the report offers two separate market forecasts - one for the production side and another for the consumption side of the global Straight-Run Asphalt market. It also provides useful recommendations for new as well as established players of the global Straight-Run Asphalt market.

Key Manufacturers Operating in the Global Straight-Run Asphalt Market are:

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

The all-inclusive analysis of the global Straight-Run Asphalt market provided in the research study can accelerate the decision-making process of players as it offers a clear explanation of market growth threats, opportunities, development status, and trends. Players can ensure positive results for their quarterly and yearly earnings with the help of the complete evaluation of the global Straight-Run Asphalt market provided in the report. Growth statistics and useful recommendations such as business expansion plans in developing regions included in the research study will enable players to expect more growth in the global Straight-Run Asphalt market.

What to Expect in our Straight-Run Asphalt Report?

(1) A complete section of the Straight-Run Asphalt market report is dedicated for market dynamics, which include influence factors, market drivers, challenges, opportunities, and trends.

(2) Another broad section of the research study is reserved for regional analysis of the global Straight-Run Asphalt market where important regions and countries are assessed for their growth potential, consumption, market share, and other vital factors indicating their market growth.

(3) Players can use the competitive analysis provided in the report to build new strategies or fine-tune their existing ones to rise above market challenges and increase their share of the global Straight-Run Asphalt market.

(4) The report also discusses competitive situation and trends and sheds light on company expansions and merger and acquisition taking place in the global Straight-Run Asphalt market. Moreover, it brings to light the market concentration rate and market shares of top three and five players.

(5) Readers are provided with findings and conclusion of the research study provided in the Straight-Run Asphalt Market report.

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Table of Contents

1 Straight-Run Asphalt Market Overview
1.1 Product Definition
1.2 Straight-Run Asphalt by Type
1.2.1 Global Straight-Run Asphalt Market Value Growth Rate Analysis by Type: 2024 VS 2031
1.2.2 No. 30 Asphalt
1.2.3 No. 50 Asphalt
1.3 Straight-Run Asphalt by Application
1.3.1 Global Straight-Run Asphalt Market Value Growth Rate Analysis by Application: 2024 VS 2031
1.3.2 Highway
1.3.3 Construction
1.3.4 Others
1.4 Global Market Growth Prospects
1.4.1 Global Straight-Run Asphalt Production Value Estimates and Forecasts (2020-2031)
1.4.2 Global Straight-Run Asphalt Production Capacity Estimates and Forecasts (2020-2031)
1.4.3 Global Straight-Run Asphalt Production Estimates and Forecasts (2020-2031)
1.4.4 Global Straight-Run Asphalt Market Average Price Estimates and Forecasts (2020-2031)
1.5 Assumptions and Limitations

2 Market Competition by Manufacturers
2.1 Global Straight-Run Asphalt Production Market Share by Manufacturers (2020-2025)
2.2 Global Straight-Run Asphalt Production Value Market Share by Manufacturers (2020-2025)
2.3 Global Key Players of Straight-Run Asphalt, Industry Ranking, 2023 VS 2024
2.4 Global Straight-Run Asphalt Company Type and Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.5 Global Straight-Run Asphalt Average Price by Manufacturers (2020-2025)
2.6 Global Key Manufacturers of Straight-Run Asphalt, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Straight-Run Asphalt, Product Offered and Application
2.8 Global Key Manufacturers of Straight-Run Asphalt, Date of Enter into This Industry
2.9 Straight-Run Asphalt Market Competitive Situation and Trends
2.9.1 Straight-Run Asphalt Market Concentration Rate
2.9.2 Global 5 and 10 Largest Straight-Run Asphalt Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion

3 Straight-Run Asphalt Production by Region
3.1 Global Straight-Run Asphalt Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.2 Global Straight-Run Asphalt Production Value by Region (2020-2031)
3.2.1 Global Straight-Run Asphalt Production Value by Region (2020-2025)
3.2.2 Global Forecasted Production Value of Straight-Run Asphalt by Region (2026-2031)
3.3 Global Straight-Run Asphalt Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.4 Global Straight-Run Asphalt Production Volume by Region (2020-2031)
3.4.1 Global Straight-Run Asphalt Production by Region (2020-2025)
3.4.2 Global Forecasted Production of Straight-Run Asphalt by Region (2026-2031)
3.5 Global Straight-Run Asphalt Market Price Analysis by Region (2020-2025)
3.6 Global Straight-Run Asphalt Production and Value, Year-over-Year Growth
3.6.1 North America Straight-Run Asphalt Production Value Estimates and Forecasts (2020-2031)
3.6.2 Europe Straight-Run Asphalt Production Value Estimates and Forecasts (2020-2031)
3.6.3 China Straight-Run Asphalt Production Value Estimates and Forecasts (2020-2031)
3.6.4 Japan Straight-Run Asphalt Production Value Estimates and Forecasts (2020-2031)

4 Straight-Run Asphalt Consumption by Region
4.1 Global Straight-Run Asphalt Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
4.2 Global Straight-Run Asphalt Consumption by Region (2020-2031)
4.2.1 Global Straight-Run Asphalt Consumption by Region (2020-2025)
4.2.2 Global Straight-Run Asphalt Forecasted Consumption by Region (2026-2031)
4.3 North America
4.3.1 North America Straight-Run Asphalt Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.3.2 North America Straight-Run Asphalt Consumption by Country (2020-2031)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Straight-Run Asphalt Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.4.2 Europe Straight-Run Asphalt Consumption by Country (2020-2031)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Straight-Run Asphalt Consumption Growth Rate by Region: 2020 VS 2024 VS 2031
4.5.2 Asia Pacific Straight-Run Asphalt Consumption by Region (2020-2031)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Straight-Run Asphalt Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.6.2 Latin America, Middle East & Africa Straight-Run Asphalt Consumption by Country (2020-2031)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
4.6.6 GCC Countries

5 Segment by Type
5.1 Global Straight-Run Asphalt Production by Type (2020-2031)
5.1.1 Global Straight-Run Asphalt Production by Type (2020-2025)
5.1.2 Global Straight-Run Asphalt Production by Type (2026-2031)
5.1.3 Global Straight-Run Asphalt Production Market Share by Type (2020-2031)
5.2 Global Straight-Run Asphalt Production Value by Type (2020-2031)
5.2.1 Global Straight-Run Asphalt Production Value by Type (2020-2025)
5.2.2 Global Straight-Run Asphalt Production Value by Type (2026-2031)
5.2.3 Global Straight-Run Asphalt Production Value Market Share by Type (2020-2031)
5.3 Global Straight-Run Asphalt Price by Type (2020-2031)

6 Segment by Application
6.1 Global Straight-Run Asphalt Production by Application (2020-2031)
6.1.1 Global Straight-Run Asphalt Production by Application (2020-2025)
6.1.2 Global Straight-Run Asphalt Production by Application (2026-2031)
6.1.3 Global Straight-Run Asphalt Production Market Share by Application (2020-2031)
6.2 Global Straight-Run Asphalt Production Value by Application (2020-2031)
6.2.1 Global Straight-Run Asphalt Production Value by Application (2020-2025)
6.2.2 Global Straight-Run Asphalt Production Value by Application (2026-2031)
6.2.3 Global Straight-Run Asphalt Production Value Market Share by Application (2020-2031)
6.3 Global Straight-Run Asphalt Price by Application (2020-2031)

7 Key Companies Profiled
7.1 ExxonMobil
7.1.1 ExxonMobil Straight-Run Asphalt Company Information
7.1.2 ExxonMobil Straight-Run Asphalt Product Portfolio
7.1.3 ExxonMobil Straight-Run Asphalt Production, Value, Price and Gross Margin (2020-2025)
7.1.4 ExxonMobil Main Business and Markets Served
7.1.5 ExxonMobil Recent Developments/Updates
7.2 Cnooc
7.2.1 Cnooc Straight-Run Asphalt Company Information
7.2.2 Cnooc Straight-Run Asphalt Product Portfolio
7.2.3 Cnooc Straight-Run Asphalt Production, Value, Price and Gross Margin (2020-2025)
7.2.4 Cnooc Main Business and Markets Served
7.2.5 Cnooc Recent Developments/Updates
7.3 Sinopec
7.3.1 Sinopec Straight-Run Asphalt Company Information
7.3.2 Sinopec Straight-Run Asphalt Product Portfolio
7.3.3 Sinopec Straight-Run Asphalt Production, Value, Price and Gross Margin (2020-2025)
7.3.4 Sinopec Main Business and Markets Served
7.3.5 Sinopec Recent Developments/Updates
7.4 CNPC
7.4.1 CNPC Straight-Run Asphalt Company Information
7.4.2 CNPC Straight-Run Asphalt Product Portfolio
7.4.3 CNPC Straight-Run Asphalt Production, Value, Price and Gross Margin (2020-2025)
7.4.4 CNPC Main Business and Markets Served
7.4.5 CNPC Recent Developments/Updates
7.5 ConocoPhillips
7.5.1 ConocoPhillips Straight-Run Asphalt Company Information
7.5.2 ConocoPhillips Straight-Run Asphalt Product Portfolio
7.5.3 ConocoPhillips Straight-Run Asphalt Production, Value, Price and Gross Margin (2020-2025)
7.5.4 ConocoPhillips Main Business and Markets Served
7.5.5 ConocoPhillips Recent Developments/Updates
7.6 CRH
7.6.1 CRH Straight-Run Asphalt Company Information
7.6.2 CRH Straight-Run Asphalt Product Portfolio
7.6.3 CRH Straight-Run Asphalt Production, Value, Price and Gross Margin (2020-2025)
7.6.4 CRH Main Business and Markets Served
7.6.5 CRH Recent Developments/Updates
7.7 Pasargad Oil
7.7.1 Pasargad Oil Straight-Run Asphalt Company Information
7.7.2 Pasargad Oil Straight-Run Asphalt Product Portfolio
7.7.3 Pasargad Oil Straight-Run Asphalt Production, Value, Price and Gross Margin (2020-2025)
7.7.4 Pasargad Oil Main Business and Markets Served
7.7.5 Pasargad Oil Recent Developments/Updates
7.8 Marathon Oil
7.8.1 Marathon Oil Straight-Run Asphalt Company Information
7.8.2 Marathon Oil Straight-Run Asphalt Product Portfolio
7.8.3 Marathon Oil Straight-Run Asphalt Production, Value, Price and Gross Margin (2020-2025)
7.8.4 Marathon Oil Main Business and Markets Served
7.8.5 Marathon Oil Recent Developments/Updates
7.9 Petrobras
7.9.1 Petrobras Straight-Run Asphalt Company Information
7.9.2 Petrobras Straight-Run Asphalt Product Portfolio
7.9.3 Petrobras Straight-Run Asphalt Production, Value, Price and Gross Margin (2020-2025)
7.9.4 Petrobras Main Business and Markets Served
7.9.5 Petrobras Recent Developments/Updates
7.10 Total
7.10.1 Total Straight-Run Asphalt Company Information
7.10.2 Total Straight-Run Asphalt Product Portfolio
7.10.3 Total Straight-Run Asphalt Production, Value, Price and Gross Margin (2020-2025)
7.10.4 Total Main Business and Markets Served
7.10.5 Total Recent Developments/Updates
7.11 Valero
7.11.1 Valero Straight-Run Asphalt Company Information
7.11.2 Valero Straight-Run Asphalt Product Portfolio
7.11.3 Valero Straight-Run Asphalt Production, Value, Price and Gross Margin (2020-2025)
7.11.4 Valero Main Business and Markets Served
7.11.5 Valero Recent Developments/Updates
7.12 Rosneft
7.12.1 Rosneft Straight-Run Asphalt Company Information
7.12.2 Rosneft Straight-Run Asphalt Product Portfolio
7.12.3 Rosneft Straight-Run Asphalt Production, Value, Price and Gross Margin (2020-2025)
7.12.4 Rosneft Main Business and Markets Served
7.12.5 Rosneft Recent Developments/Updates
7.13 Axeon
7.13.1 Axeon Straight-Run Asphalt Company Information
7.13.2 Axeon Straight-Run Asphalt Product Portfolio
7.13.3 Axeon Straight-Run Asphalt Production, Value, Price and Gross Margin (2020-2025)
7.13.4 Axeon Main Business and Markets Served
7.13.5 Axeon Recent Developments/Updates
7.14 SK
7.14.1 SK Straight-Run Asphalt Company Information
7.14.2 SK Straight-Run Asphalt Product Portfolio
7.14.3 SK Straight-Run Asphalt Production, Value, Price and Gross Margin (2020-2025)
7.14.4 SK Main Business and Markets Served
7.14.5 SK Recent Developments/Updates
7.15 Tipco
7.15.1 Tipco Straight-Run Asphalt Company Information
7.15.2 Tipco Straight-Run Asphalt Product Portfolio
7.15.3 Tipco Straight-Run Asphalt Production, Value, Price and Gross Margin (2020-2025)
7.15.4 Tipco Main Business and Markets Served
7.15.5 Tipco Recent Developments/Updates
7.16 IOCL
7.16.1 IOCL Straight-Run Asphalt Company Information
7.16.2 IOCL Straight-Run Asphalt Product Portfolio
7.16.3 IOCL Straight-Run Asphalt Production, Value, Price and Gross Margin (2020-2025)
7.16.4 IOCL Main Business and Markets Served
7.16.5 IOCL Recent Developments/Updates
7.17 Gazprom Neft PJSC
7.17.1 Gazprom Neft PJSC Straight-Run Asphalt Company Information
7.17.2 Gazprom Neft PJSC Straight-Run Asphalt Product Portfolio
7.17.3 Gazprom Neft PJSC Straight-Run Asphalt Production, Value, Price and Gross Margin (2020-2025)
7.17.4 Gazprom Neft PJSC Main Business and Markets Served
7.17.5 Gazprom Neft PJSC Recent Developments/Updates
7.18 Pemex
7.18.1 Pemex Straight-Run Asphalt Company Information
7.18.2 Pemex Straight-Run Asphalt Product Portfolio
7.18.3 Pemex Straight-Run Asphalt Production, Value, Price and Gross Margin (2020-2025)
7.18.4 Pemex Main Business and Markets Served
7.18.5 Pemex Recent Developments/Updates
7.19 Suncor Energy
7.19.1 Suncor Energy Straight-Run Asphalt Company Information
7.19.2 Suncor Energy Straight-Run Asphalt Product Portfolio
7.19.3 Suncor Energy Straight-Run Asphalt Production, Value, Price and Gross Margin (2020-2025)
7.19.4 Suncor Energy Main Business and Markets Served
7.19.5 Suncor Energy Recent Developments/Updates
7.20 Repsol
7.20.1 Repsol Straight-Run Asphalt Company Information
7.20.2 Repsol Straight-Run Asphalt Product Portfolio
7.20.3 Repsol Straight-Run Asphalt Production, Value, Price and Gross Margin (2020-2025)
7.20.4 Repsol Main Business and Markets Served
7.20.5 Repsol Recent Developments/Updates
7.21 Nynas
7.21.1 Nynas Straight-Run Asphalt Company Information
7.21.2 Nynas Straight-Run Asphalt Product Portfolio
7.21.3 Nynas Straight-Run Asphalt Production, Value, Price and Gross Margin (2020-2025)
7.21.4 Nynas Main Business and Markets Served
7.21.5 Nynas Recent Developments/Updates
7.22 HPCL
7.22.1 HPCL Straight-Run Asphalt Company Information
7.22.2 HPCL Straight-Run Asphalt Product Portfolio
7.22.3 HPCL Straight-Run Asphalt Production, Value, Price and Gross Margin (2020-2025)
7.22.4 HPCL Main Business and Markets Served
7.22.5 HPCL Recent Developments/Updates
7.23 Koç Holding
7.23.1 Koç Holding Straight-Run Asphalt Company Information
7.23.2 Koç Holding Straight-Run Asphalt Product Portfolio
7.23.3 Koç Holding Straight-Run Asphalt Production, Value, Price and Gross Margin (2020-2025)
7.23.4 Koç Holding Main Business and Markets Served
7.23.5 Koç Holding Recent Developments/Updates
7.24 Shell
7.24.1 Shell Straight-Run Asphalt Company Information
7.24.2 Shell Straight-Run Asphalt Product Portfolio
7.24.3 Shell Straight-Run Asphalt Production, Value, Price and Gross Margin (2020-2025)
7.24.4 Shell Main Business and Markets Served
7.24.5 Shell Recent Developments/Updates
7.25 LOTOS
7.25.1 LOTOS Straight-Run Asphalt Company Information
7.25.2 LOTOS Straight-Run Asphalt Product Portfolio
7.25.3 LOTOS Straight-Run Asphalt Production, Value, Price and Gross Margin (2020-2025)
7.25.4 LOTOS Main Business and Markets Served
7.25.5 LOTOS Recent Developments/Updates
7.26 Husky Energy
7.26.1 Husky Energy Straight-Run Asphalt Company Information
7.26.2 Husky Energy Straight-Run Asphalt Product Portfolio
7.26.3 Husky Energy Straight-Run Asphalt Production, Value, Price and Gross Margin (2020-2025)
7.26.4 Husky Energy Main Business and Markets Served
7.26.5 Husky Energy Recent Developments/Updates

8 Industry Chain and Sales Channels Analysis
8.1 Straight-Run Asphalt Industry Chain Analysis
8.2 Straight-Run Asphalt Raw Material Supply Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Straight-Run Asphalt Production Mode & Process Analysis
8.4 Straight-Run Asphalt Sales and Marketing
8.4.1 Straight-Run Asphalt Sales Channels
8.4.2 Straight-Run Asphalt Distributors
8.5 Straight-Run Asphalt Customer Analysis

9 Straight-Run Asphalt Market Dynamics
9.1 Straight-Run Asphalt Industry Trends
9.2 Straight-Run Asphalt Market Drivers
9.3 Straight-Run Asphalt Market Challenges
9.4 Straight-Run Asphalt Market Restraints

10 Research Findings and Conclusion

11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer

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