Asphalt, Lubricating Oil And Grease Market Definition
Asphalt is a sticky, black, and highly viscous liquid or semi-solid form of petroleum used for surfacing roads, flooring, and roofing. Lubricating oil and grease are a group of refined oils intended to lessen wear and friction between bearing metallic surfaces.
The main types of asphalt, lubricating oil, and grease are asphalt and other petroleum products. Asphalt is a combination of aggregate particles, binder, and filler that is used to build and maintain roads, parking lots, railway tracks, ports, airport runways, bicycle lanes, sidewalks, and play- and sports areas. The various application of asphalt, lubricating oil and grease include roadways, waterproofing, recreation, and others. The various end-use industries include power generation, transport, metallurgy and metalworking, food, and beverage, chemical, and others.
Asphalt, Lubricating Oil And Grease Market Segmentation
The asphalt, lubricating oil and grease market covered in this report is segmented –
1) By Type: Asphalt, Other Petroleum Products
2) By Application: Roadways, Waterproofing, Recreation, Other Applications
3) By End Use Industries: Power Generation, Transport, Metallurgy & Metalworking, Food & Beverage, Chemical, Other End Use Industries
Subsegments Covered: Asphalt Paving Mixtures And Blocks, Prepared Asphalt And Tar Roofing And Siding Products, Roofing Asphalts And Pitches, Coatings And Cements