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Asphalt is a residual compound that is obtained from the distillation of petroleum. It is a black or brown-color petrochemical variety that is liquid in nature. It mainly comprises hydrogen and carbon content with small portions of nitrogen, oxygen, and sulfur in it. Asphalt is a viscous chemical liquid that has primary applications associated with the construction of roads on a large scale.

The compound acts as a binder and is mixed with several raw materials that all together create a concrete mixture and are used in building heavy and essential structures. The material is waterproof and is used in sealing flat roofs. It is an excellent material that is commercially used to create smooth and durable surfaces that can withstand different seasonal and temperature variations to a large extent.

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Asphalt is manufactured by various petrochemical companies. Here are some of the leading manufacturers of asphalt in the global market.

Top 10 Asphalt producers in the world

Top Asphalt producers in the world are:

Exxon Mobil Corporation

Exxon Mobil Corporation is an international oil and gas production company that is termed a global leader in the production of asphalt chemicals on a large scale. The company attained its official name in the year 1999. Its parent headquarters is located in Houston, Texas, USA.

Boral

Boral is a company that is primarily known to produce various construction materials on a large scale. The company is mainly located in the North Ryde, Australia. It was inaugurated in the year 1946. It is majorly associated with the production of construction materials such as concrete, cement, lime, and asphalt on a large scale. Boral is also tagged as a prime producer and distributor of asphalt chemicals on a large scale.

Shell PLC

Shell is a London-based oil and gas production company with a major involvement in the energy production sector. The company is also entitled as one of the leading organizations that produces asphalt in the global market. It also deals with the production of several other energy sources that aim to provide cleaner and greener energy solutions in the international market.

BP PLC

BP PLC is a global leader in the oil and gas industry. With its headquarters based in London, England, the company is well-associated with oil and gas exploration and distribution networks across the world. It is also one of the major dealers of asphalt in the global market.

Chevron Corporation

Chevron Corporation is one of the major producers of asphalt in the global market. The chemical compound has a major association with the oil and gas production industry. With its parent headquarters located in California, USA, it serves the petroleum industry by producing several essential industrial oil and gas varieties on a large scale.

Marathon Petroleum Corporation

Marathon Petroleum Corporation is a US-based energy production company with its headquarters based in Ohio. The company was founded in the year 1887. Being one of the oldest energy producers in the country, it shows its major integration with the crude oil industry. It is also profiled as a leading producer of asphalt chemicals in the international petrochemical market.

Valero Energy Corporation

Marathon Petroleum Corporation is a US-based energy production company with its headquarters based in Ohio. The company was founded in the year 1887. Being one of the oldest energy producers in the country, it shows its major integration with the crude oil industry. It is also profiled as a leading producer of asphalt chemicals in the international petrochemical market.

NuStar Energy L.P.

NuStar Energy L.P. is a US-based petroleum and crude chemical distribution company that was established in the year 2001. The company primarily deals with the distribution of several petrochemicals across the globe and is entitled as one of the major suppliers of asphalt in the international market. Nustar deals with the transportation of crude varieties and ensures sufficient fuel supply across the nations.

CNOOC Limited

CNOOC Limited is a Chinese crude oil producer and supplier that is mainly located in Beijing. The company was first incorporated in the year 1999. It is the largest producer of offshore crude oil and natural gas in China. The company is also entitled as one of the major producers of asphalt chemical in the global market.

Nynas AB

Nynas AB is a petrochemical company that is mainly associated with the production of various industrial oil and petroleum-based chemical compounds on a large scale. It is a Swedish company that was first incorporated in the year 1928. The company is tagged as one of the major producers of asphalt in the global market, along with a few other oil and petrochemical varieties such as base oils, bitumen, rubber oils, and more.

Asphalt is a bitumen variety that has wide applications that are associated with the construction and petrochemical industries. Its rising demands in the construction industry to mend roads, pathways, parking lots, railroad lines, sidewalks, and more are contributing towards the increase in its production rate. Hence, the global asphalt market is anticipated to grow in the near future, expanding its market reach around the petrochemical sector on a large scale.

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