petroleum pitch industry 2022 Cytec Industries, Koppers Inc., Mitsubishi Chemical Corporation, Puyang Changyu Petroleum Resins Co
Petroleum pitch market in Asia Pacific to witness significant expansion owing to rapid urbanization Increasing use of carbon fiber based materials to add impetus to petroleum pitch market growth Expansion of industries such as automotive and aerospace to indirectly shape petroleum pitch market trends 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 emer...