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According to our (Global Info Research) latest study, the global Petroleum Asphalt market size was valued at US$ 73660 million in 2024 and is forecast to a readjusted size of USD 114240 million by 2031 with a CAGR of 6.5% during review period.

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The global Petroleum Asphalt market size is expected to reach $ 106100 million by 2030, rising at a market growth of 6.4% CAGR during the forecast period (2024-2030).

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According to our (Global Info Research) latest study, the global Petroleum Asphalt market size was valued at USD 68670 million in 2023 and is forecast to a readjusted size of USD 106100 million by 2030 with a CAGR of 6.4% during review period.

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According to our (Global Info Research) latest study, the global Road Petroleum Asphalt market size was valued at USD 46040 million in 2023 and is forecast to a readjusted size of USD 71120 million by 2030 with a CAGR of 6.4% during review period.

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Petroleum asphalt is the residue of crude oil distillation. Depending on the degree of extraction, it can be transformed into liquid, semi-solid, or solid at room temperature. Petroleum asphalt is black and glossy, with high temperature sensitivity. Liquid petroleum asphalt (also known as diluted asphalt) is a liquid asphalt product made by mixing and diluting petroleum asphalt with solvents such as gasoline, kerosene, diesel, and solvent oil. Liquid petroleum asphalt is mainly used for prime coat, adhesive layer, and cold mix asphalt mixture. Liquid petroleum asphalt is divided into three types: fast setting, medium setting, and slow setting. Users can choose according to the purpose and location of use. Liquid petroleum asphalt should be well ventilated during storage and use, and the storage temperature should not exceed 50 ℃ to ensure safety.

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Petroleum asphalt is the residue of crude oil distillation. Depending on the degree of extraction, it can be transformed into liquid, semi-solid, or solid at room temperature. Petroleum asphalt is black and glossy, with high temperature sensitivity. Liquid petroleum asphalt (also known as diluted asphalt) is a liquid asphalt product made by mixing and diluting petroleum asphalt with solvents such as gasoline, kerosene, diesel, and solvent oil. Liquid petroleum asphalt is mainly used for prime coat, adhesive layer, and cold mix asphalt mixture. Liquid petroleum asphalt is divided into three types: fast setting, medium setting, and slow setting. Users can choose according to the purpose and location of use. Liquid petroleum asphalt should be well ventilated during storage and use, and the storage temperature should not exceed 50 ℃ to ensure safety.

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According to our (Global Info Research) latest study, the global Petroleum Asphalt Cement market size was valued at USD million in 2023 and is forecast to a readjusted size of USD million by 2030 with a CAGR of % during review period.

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According to our (Global Info Research) latest study, the global Paving Petroleum Asphalt market size was valued at USD 57960 million in 2023 and is forecast to a readjusted size of USD 78860 million by 2030 with a CAGR of 4.5% during review period.

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According to our (Global Info Research) latest study, the global Industrial Petroleum Asphalt market size was valued at USD 10710 million in 2023 and is forecast to a readjusted size of USD 14580 million by 2030 with a CAGR of 4.5% during review period.

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Petroleum asphalt is a sticky, black and highly viscous liquid or semi-solid that is present in most petroleum crude oils and in some natural deposits. Petroleum crude oil is a complex mixture of a great many different hydrocarbons. Petroleum asphalt is defined as that part of crude oil which is separated from the higher-boiling hydrocarbons in crude oil by precipitation upon the addition of lower-boiling hydrocarbon solvents such as propane, pentane, hexane or petroleum asphalt. The precipitated material consists of asphaltenes which have an average molecular weight of about (800 - 2500 g/mole) and exist in the form of flat sheets of polyaromatic condensed rings with short aliphatic chains.

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