The global Pitch market size is predicted to grow from US$ 44390 million in 2025 to US$ 55980 million in 2031; it is expected to grow at a CAGR of 3.9% from 2025 to 2031.

The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.

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 worlds 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 worlds 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.

Infinity Market Research newest research report, the Pitch Industry Forecast looks at past sales and reviews total world Pitch sales in 2024, providing a comprehensive analysis by region and market sector of projected Pitch sales for 2025 through 2031. With Pitch sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Pitch industry.

This Insight Report provides a comprehensive analysis of the global Pitch landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Pitch portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms unique position in an accelerating global Pitch market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Pitch and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Pitch.

This report presents a comprehensive overview, market shares, and growth opportunities of Pitch market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:

    Paving Grade Pitch
    Industrial Grade Pitch

Segmentation by Application:

    Paving
    Roofing
    Other

This report also splits the market by region:

    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the companys coverage, product portfolio, its market penetration.

    ExxonMobil
    Cnooc
    Sinopec
    CNPC
    ConocoPhillips
    Pasargad Oil
    Shell
    LOTOS

Key Questions Addressed in this Report

What is the 10-year outlook for the global Pitch market?
What factors are driving Pitch market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Pitch market opportunities vary by end market size?
How does Pitch break out by Type, by Application?