According to the publisher's analysis, Petroleum Asphalt is an important petroleum product, widely used in road construction, construction engineering, waterproofing engineering, water conservancy engineering and other fields. Its production and use have become the main symbol of the development level of a country's highway construction, house construction, etc.
The main producers of Petroleum Asphalt include China, the United States, Saudi Arabia, Singapore, Russia and Canada. These countries occupy an important position in asphalt production and export, and have a significant impact on the supply and price of the global asphalt market. According to the publisher's analysis, Europe, the United States and Asia are the main consumption areas of Petroleum Asphalt in the world. Among them, Southeast Asia has a rapid growth in demand for Petroleum Asphalt as its population grows and urbanization continues to advance, making it an important region for demand growth.
With the rapid development of Vietnam's economy, infrastructure construction is also accelerating, especially in the fields of road construction and waterproofing engineering, the demand for Petroleum Asphalt has increased significantly, which has promoted the growth of Vietnam's Petroleum Asphalt market. Vietnam plans to increase the total mileage of national roads to about 50,000 kilometers by 2030, which requires a lot of road construction and maintenance work, so the demand for high-quality asphalt in the Vietnamese market is increasing.
PetroVietnam is Vietnam's major oil and gas producer, and its subordinate refineries and petrochemical enterprises undertake most of the asphalt production tasks. However, due to insufficient domestic refining capacity in Vietnam, Vietnam's Petroleum Asphalt is highly dependent on imported products. According to the publisher's data, the total amount of Vietnam's Petroleum Asphalt imports in 2023 will reach US$541 million, and the cumulative amount of Vietnam's Petroleum Asphalt imports from January to November 2024 will be close to US$415 million.
According to the publisher's analysis, the main import sources of Vietnam's Petroleum Asphalt from 2021 to 2024 include Singapore, Thailand, Iraq and other countries. Singapore is the main import source of Vietnam's petroleum asphalt. The main companies exporting Petroleum Asphalt to Vietnam include HIIN ASIA PACIFIC PTE LTD, TIPCO ASPHALT PUBLIC COMPANY LIMITED, PACIFIC WELLS PTE LTD and other companies. The main importers of Vietnamese Petroleum Asphalt from 2021 to 2024 include PETROLIMEX ASPHALT COMPANY LIMITED, CÔNG TY TNHH NHỰA ĐƯỜNG PETROLIMEX, ASPHALT DISTRIBUTION COMPANY LIMITED and other trading and distribution companies.
According to CRI, the size of Vietnam's Petroleum Asphalt market will continue to grow in the next few years as infrastructure construction accelerates. Although Vietnam can also produce some petroleum asphalt, due to the limited domestic refining capacity, Vietnam's Petroleum Asphalt market is highly dependent on imported products.
The publisher predicts that in the next few years, Vietnam's Petroleum Asphalt imports will show an upward trend. The publisher recommends that overseas petrochemical companies should conduct research on the Vietnamese market as soon as possible and prepare for the layout of the Vietnamese market.
Topics covered:
- The Import and Export of Petroleum Asphalt in Vietnam (2021-2024)
- Total Import Volume and Percentage Change of Petroleum Asphalt in Vietnam (2021-2024)
- Total Import Value and Percentage Change of Petroleum Asphalt in Vietnam (2021-2024)
- Total Import Value and Percentage Change of Petroleum Asphalt in Vietnam (January-November 2024)
- Average Import Price of Petroleum Asphalt in Vietnam (2021-2024)
- Top 10 Sources of Petroleum Asphalt Imports in Vietnam and Their Supply Volume
- Top 10 Suppliers in the Import Market of Petroleum Asphalt in Vietnam and Their Supply Volume
- Top 10 Importers of Petroleum Asphalt in Vietnam and Their Import Volume
- How to Find Distributors and End Users of Petroleum Asphalt in Vietnam
- How Foreign Enterprises Enter the Petroleum Asphalt Market of Vietnam
- Forecast for the Import of Petroleum Asphalt in Vietnam (2025-2034)
Table of Contents
Companies Mentioned
- Hiin Asia-Pacific Pte Ltd.
- Tipco Asphalt Public Company Limited
- Pacific Wells Pte Ltd.
- Petrolimex Asphalt Company Limited
- Công Ty Tnhh Nhựa Đường Petrolimex
- Asphalt Distribution Company Limited
Methodology
Background research defines the range of products and industries, which proposes the key points of the research. Proper classification will help clients understand the industry and products in the report.
Secondhand material research is a necessary way to push the project into fast progress. The analyst always chooses the data source carefully. Most secondhand data they quote is sourced from an authority in a specific industry or public data source from governments, industrial associations, etc. For some new or niche fields, they also "double-check" data sources and logics before they show them to clients.
Primary research is the key to solve questions, which largely influence the research outputs. The analyst may use methods like mathematics, logical reasoning, scenario thinking, to confirm key data and make the data credible.
The data model is an important analysis method. Calculating through data models with different factors weights can guarantee the outputs objective.
The analyst optimizes the following methods and steps in executing research projects and also forms many special information gathering and processing methods.
1. Analyze the life cycle of the industry to understand the development phase and space.
2. Grasp the key indexes evaluating the market to position clients in the market and formulate development plans
3. Economic, political, social and cultural factors
4. Competitors like a mirror that reflects the overall market and also market differences.
5. Inside and outside the industry, upstream and downstream of the industry chain, show inner competitions
6. Proper estimation of the future is good guidance for strategic planning.
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