Industry: Chemical & Material
Published Date: 2026-07-14
Pages: 130 Pages
Report ld: 6923389
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Pitch Market Size(US$)

CAGR 2026-2032
3.8%
Market Size,2032
USD 58,700
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global market for Pitch was estimated to be worth US$ 45380 million in 2025 and is projected to reach US$ 58700 million, growing at a CAGR of 3.8% from 2026 to 2032.
Pitch is a viscoelastic polymer which can be natural or manufactured, derived from petroleum, coal tar, or plants. Various forms of pitch may also be called tar, bitumen, or asphalt.
From the 1970s to the mid-1980s, the world"s petroleum asphalt production has continued to increase, and the peak output exceeded 10 million tons. After entering the 1990s, the output dropped significantly. Since petroleum asphalt is mainly used for road construction in most countries, accounting for more than 80% of output, the increase or decrease of asphalt production directly reflects the development and perfection of road construction in these countries and regions. From the 1960s to the mid-1980s, the world"s petroleum asphalt production was mainly concentrated in North America and Europe. At that time, these countries and regions continued to build expressways, trunk lines and road networks, which greatly promoted the production and consumption of asphalt. Countries with fast expressway construction speed also had a faster increase in asphalt production. That is to say, asphalt production in most countries Both are mainly to meet domestic demand, and the volume of import and export is not large. In the mid-to-late 1980s, the road construction in Asian countries rose rapidly, and the output of asphalt increased rapidly, with the average annual growth rate ranking first in the world. Now the total asphalt production in Asia is basically close to that of North America and Europe. In addition to the United States and Canada, countries with developed highways in Europe include Germany, France, Italy, Spain, and the United Kingdom, and Japan is the fastest growing in Asia. The development of road construction can also be further understood from the production of road asphalt for the preparation of hot mix asphalt (HMA). In the 1990s, although the United States had the highest HMA production, the growth rate had slowed down. The growth rate of HMA in developed European road construction countries also slowed down.
This report provides a comprehensive view of the global market for Pitch, covering total sales volume, sales revenue, pricing, the market share and ranking of key companies, along with analyses by region & country, by Type, and by Application.
The Pitch market size, estimations, and forecasts are presented in terms of sales volume (K MT) and revenue ($ millions), with 2025 as the base year and historical and forecast data from 2021 to 2032. The report combines quantitative and qualitative analysis to help readers develop growth strategies, assess the competitive landscape, evaluate their position in the current marketplace, and make informed business decisions regarding Pitch.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Introduces the scope of the report and the global market size (value, volume, and price). It also summarizes market dynamics and Recent Developments; identifies key drivers and restraints; outlines challenges and risks for manufacturers; reviews relevant industry policies and U.S. tariff implications.
Chapter 2: Provides a detailed analysis of the Pitch manufacturers' competitive landscape—including pricing, sales and revenue shares, Recent Developments plans, and mergers and acquisitions (M&A).
Chapter 3: Analyzes market segmentation by Type, presenting the size and growth potential of each segment to help readers identify blue-ocean opportunities.
Chapter 4: Analyzes market segmentation by Application, presenting the size and growth potential of each downstream segment to help readers identify blue-ocean opportunities.
Chapter 5: Presents Pitch sales and revenue at the regional level. It offers a quantitative assessment of market size and growth potential by region and summarizes market development, future prospects, addressable space, and country-level market size worldwide.
Chapter 6: Presents Pitch sales and revenue at the country level. It provides segmented data by Type and by Application for each country/region.
Chapter 7: Profiles key players, detailing the main companies' product sales, revenue, pricing, gross margin, product portfolios, Recent Developments, etc.
Chapter 8: Analyzes the industry value chain, including upstream suppliers and downstream applications/customers.
Chapter 9: Conclusion.
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
We integrate regional risk assessment, localized product optimization and competitor analysis to deliver actionable market strategies.
All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
We provide responsive, dedicated after-sales support to resolve all follow-up inquiries about reports, data and industry interpretation.
TABLE OF CONTENTS
1 Market Overview
1.1 Pitch Product Introduction
1.2 Global Pitch Market Size Forecast
1.2.1 Global Pitch Sales Value (2021–2032)
1.2.2 Global Pitch Sales Volume (2021–2032)
1.2.3 Global Pitch Sales Price (2021–2032)
1.3 Pitch Market Trends & Drivers
1.3.1 Pitch Industry Trends
1.3.2 Pitch Market Drivers & Opportunities
1.3.3 Pitch Market Challenges
1.3.4 Pitch Market Restraints
1.3.5 Impact of U.S. Tariffs
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Pitch Players Revenue Ranking (2025)
2.2 Global Pitch Revenue by Company (2021–2026)
2.3 Global Pitch Sales Volume Ranking of Players (2025)
2.4 Global Pitch Sales Volume by Company (2021–2026)
2.5 Global Pitch Average Price by Company (2021–2026)
2.6 Key Manufacturers Pitch Manufacturing Base and Headquarters
2.7 Key Manufacturers Pitch Product Offerings
2.8 Key Manufacturers Start of Mass Production of Pitch
2.9 Pitch Market Competitive Analysis
2.9.1 Pitch Market Concentration Rate (2021–2026)
2.9.2 Global 5 and 10 Largest Manufacturers by Pitch Revenue in 2025
2.9.3 Global Companies by Tier (Tier 1, Tier 2, Tier 3), based on Pitch revenue, 2025
2.10 Mergers & Acquisitions and Expansion
3 Segmentation Pitch Market Classification
3.1 Introduction by Type
3.1.1 Paving Grade Pitch
3.1.2 Industrial Grade Pitch
3.1.3 Global Pitch Sales Value by Type
3.1.3.1 Global Pitch Sales Value by Type (2021 vs 2025 vs 2032)
3.1.3.2 Global Pitch Sales Value, by Type (2021–2032)
3.1.3.3 Global Pitch Sales Value, by Type (%), 2021–2032
3.1.4 Global Pitch Sales Volume by Type
3.1.4.1 Global Pitch Sales Volume by Type (2021 vs 2025 vs 2032)
3.1.4.2 Global Pitch Sales Volume, by Type (2021–2032)
3.1.4.3 Global Pitch Sales Volume, by Type (%), 2021–2032
3.1.5 Global Pitch Average Price by Type (2021–2032)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Paving
4.1.2 Roofing
4.1.3 Other
4.2 Global Pitch Sales Value by Application
4.2.1 Global Pitch Sales Value by Application (2021 vs 2025 vs 2032)
4.2.2 Global Pitch Sales Value, by Application (2021–2032)
4.2.3 Global Pitch Sales Value, by Application (%), 2021–2032
4.3 Global Pitch Sales Volume by Application
4.3.1 Global Pitch Sales Volume by Application (2021 vs 2025 vs 2032)
4.3.2 Global Pitch Sales Volume, by Application (2021–2032)
4.3.3 Global Pitch Sales Volume, by Application (%), 2021–2032
4.4 Global Pitch Average Price by Application (2021–2032)
5 Segmentation by Region
5.1 Global Pitch Sales Value by Region
5.1.1 Global Pitch Sales Value by Region: 2021 vs 2025 vs 2032
5.1.2 Global Pitch Sales Value by Region (2021–2026)
5.1.3 Global Pitch Sales Value by Region (2027–2032)
5.1.4 Global Pitch Sales Value by Region (%), 2021–2032
5.2 Global Pitch Sales Volume by Region
5.2.1 Global Pitch Sales Volume by Region: 2021 vs 2025 vs 2032
5.2.2 Global Pitch Sales Volume by Region (2021–2026)
5.2.3 Global Pitch Sales Volume by Region (2027–2032)
5.2.4 Global Pitch Sales Volume by Region (%), 2021–2032
5.3 Global Pitch Average Price by Region (2021–2032)
5.4 North America
5.4.1 North America Pitch Sales Value, 2021–2032
5.4.2 North America Pitch Sales Value by Country (%), 2025 vs 2032
5.5 Europe
5.5.1 Europe Pitch Sales Value, 2021–2032
5.5.2 Europe Pitch Sales Value by Country (%), 2025 vs 2032
5.6 Asia Pacific
5.6.1 Asia Pacific Pitch Sales Value, 2021–2032
5.6.2 Asia Pacific Pitch Sales Value by Region (%), 2025 vs 2032
5.7 South America
5.7.1 South America Pitch Sales Value, 2021–2032
5.7.2 South America Pitch Sales Value by Country (%), 2025 vs 2032
5.8 Middle East & Africa
5.8.1 Middle East & Africa Pitch Sales Value, 2021–2032
5.8.2 Middle East & Africa Pitch Sales Value by Country (%), 2025 vs 2032
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Pitch Sales Value Growth Trends, 2021 vs 2025 vs 2032
6.2 Key Countries/Regions Pitch Sales Value and Sales Volume
6.2.1 Key Countries/Regions Pitch Sales Value, 2021–2032
6.2.2 Key Countries/Regions Pitch Sales Volume, 2021–2032
6.3 United States
6.3.1 United States Pitch Sales Value, 2021–2032
6.3.2 United States Pitch Sales Value by Type (%), 2025 vs 2032
6.3.3 United States Pitch Sales Value by Application, 2025 vs 2032
6.4 Europe
6.4.1 Europe Pitch Sales Value, 2021–2032
6.4.2 Europe Pitch Sales Value by Type (%), 2025 vs 2032
6.4.3 Europe Pitch Sales Value by Application, 2025 vs 2032
6.5 China
6.5.1 China Pitch Sales Value, 2021–2032
6.5.2 China Pitch Sales Value by Type (%), 2025 vs 2032
6.5.3 China Pitch Sales Value by Application, 2025 vs 2032
6.6 Japan
6.6.1 Japan Pitch Sales Value, 2021–2032
6.6.2 Japan Pitch Sales Value by Type (%), 2025 vs 2032
6.6.3 Japan Pitch Sales Value by Application, 2025 vs 2032
6.7 South Korea
6.7.1 South Korea Pitch Sales Value, 2021–2032
6.7.2 South Korea Pitch Sales Value by Type (%), 2025 vs 2032
6.7.3 South Korea Pitch Sales Value by Application, 2025 vs 2032
6.8 Southeast Asia
6.8.1 Southeast Asia Pitch Sales Value, 2021–2032
6.8.2 Southeast Asia Pitch Sales Value by Type (%), 2025 vs 2032
6.8.3 Southeast Asia Pitch Sales Value by Application, 2025 vs 2032
6.9 India
6.9.1 India Pitch Sales Value, 2021–2032
6.9.2 India Pitch Sales Value by Type (%), 2025 vs 2032
6.9.3 India Pitch Sales Value by Application, 2025 vs 2032
7 Company Profiles
7.1 ExxonMobil
7.1.1 ExxonMobil Company Information
7.1.2 ExxonMobil Introduction and Business Overview
7.1.3 ExxonMobil Pitch Sales, Revenue, Price and Gross Margin (2021–2026)
7.1.4 ExxonMobil Pitch Product Offerings
7.1.5 ExxonMobil Recent Developments
7.2 Cnooc
7.2.1 Cnooc Company Information
7.2.2 Cnooc Introduction and Business Overview
7.2.3 Cnooc Pitch Sales, Revenue, Price and Gross Margin (2021–2026)
7.2.4 Cnooc Pitch Product Offerings
7.2.5 Cnooc Recent Developments
7.3 Sinopec
7.3.1 Sinopec Company Information
7.3.2 Sinopec Introduction and Business Overview
7.3.3 Sinopec Pitch Sales, Revenue, Price and Gross Margin (2021–2026)
7.3.4 Sinopec Pitch Product Offerings
7.3.5 Sinopec Recent Developments
7.4 CNPC
7.4.1 CNPC Company Information
7.4.2 CNPC Introduction and Business Overview
7.4.3 CNPC Pitch Sales, Revenue, Price and Gross Margin (2021–2026)
7.4.4 CNPC Pitch Product Offerings
7.4.5 CNPC Recent Developments
7.5 ConocoPhillips
7.5.1 ConocoPhillips Company Information
7.5.2 ConocoPhillips Introduction and Business Overview
7.5.3 ConocoPhillips Pitch Sales, Revenue, Price and Gross Margin (2021–2026)
7.5.4 ConocoPhillips Pitch Product Offerings
7.5.5 ConocoPhillips Recent Developments
7.6 Pasargad Oil
7.6.1 Pasargad Oil Company Information
7.6.2 Pasargad Oil Introduction and Business Overview
7.6.3 Pasargad Oil Pitch Sales, Revenue, Price and Gross Margin (2021–2026)
7.6.4 Pasargad Oil Pitch Product Offerings
7.6.5 Pasargad Oil Recent Developments
7.7 Shell
7.7.1 Shell Company Information
7.7.2 Shell Introduction and Business Overview
7.7.3 Shell Pitch Sales, Revenue, Price and Gross Margin (2021–2026)
7.7.4 Shell Pitch Product Offerings
7.7.5 Shell Recent Developments
7.8 LOTOS
7.8.1 LOTOS Company Information
7.8.2 LOTOS Introduction and Business Overview
7.8.3 LOTOS Pitch Sales, Revenue, Price and Gross Margin (2021–2026)
7.8.4 LOTOS Pitch Product Offerings
7.8.5 LOTOS Recent Developments
8 Industry Chain Analysis
8.1 Pitch Industrial Chain
8.2 Pitch Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Key Suppliers of Raw Materials
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customer Analysis)
8.5 Sales Model and Sales Channelss
8.5.1 Pitch Sales Model
8.5.2 Sales Channels
8.5.3 Pitch Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
RLEATED REPORTS
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