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Petroleum Pitch Market 2020 | Cytec Industries, Inc. (US), Mitsubishi Chemical Corporation (Japan), Koppers Inc. (US)

  Petroleum Pitch Market Overview Petroleum pitch market has been expanding exponentially over the last few decades due to the extensive application of pitch in tar, bitumen, and asphalt which are widely used in construction, aerospace and automotive industries. Petroleum pitch is a viscoelastic polymer that is extracted from petroleum sources such as plastic and plants. To expand their respective foothold on business revenue petroleum pitch market players have introduced carbon-based products that offer higher thermal resistance and density. Such alternatives are lighter than sintered metals and other organic materials and therefore are in higher demand. Expanding construction activities in nations with emerging economies like China and India will also contribute to the growth of Petroleum Pitch Market . Government initiatives to enhance infrastructure in these countries especially the construction of roads will create a considerable growth scope for petroleum pitch market in the reg