The Business Research Company’s latest report Asphalt, Lubricating Oil And Grease Global Market Report 2020 covers Asphalt, Lubricating Oil And Grease market drivers, Asphalt, Lubricating Oil And Grease market trends, Asphalt, Lubricating Oil And Grease market segments, Asphalt, Lubricating Oil And Grease market growth rate, Asphalt, Lubricating Oil And Grease market major players, and Asphalt, Lubricating Oil And Grease market size. The report provides in-depth analysis of the impact of COVID-19 on the Asphalt, Lubricating Oil And Grease industry, along with revised market numbers due to the effects of the coronavirus.
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Asphalt, Lubricating Oil And Grease Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global asphalt, lubricating oil and grease market is expected to decline from $338 billion in 2019 to $195.9 billion in 2020 at a compound annual growth rate (CAGR) of -42.1%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 9% from 2021 and reach $249.6 billion in 2023.
The report covers the Asphalt, Lubricating Oil And Grease market’s segments-
1) By Type: Asphalt, Other Petroleum Products
2) By End Use Industries: Power Generation, Transport, Metallurgy & Metalworking, Food & Beverage, Chemical, Others.
Subsegments covered: Asphalt Paving Mixtures And Blocks, Prepared Asphalt And Tar Roofing And Siding Products, Roofing Asphalts And Pitches, Coatings And Cements.
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