Charts & StatsSep 2, 2026

Global Petroleum Pitch market [2013-2023] by Application

By Application, the market is segmented into Brake Pads, Road Surface Sealings, Aluminum Anodes, Insulation, Refractory Bricks, and Application_Others (2013-2023)

Author: Wantstats Research TeamSource: Wantstats Repository

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Global Petroleum Pitch market [2013-2023] by Application — full underlying data
Label	Brake Pads	Road Surface Sealings	Aluminum Anodes	Insulation	Refractory Bricks	Application_Others
2013	308.6 USD Mn	79 USD Mn	96.5 USD Mn	178.7 USD Mn	110.9 USD Mn	66.2 USD Mn
2014	319.7 USD Mn	81.1 USD Mn	99.3 USD Mn	184.5 USD Mn	114.3 USD Mn	68.1 USD Mn
2015	334.5 USD Mn	84.1 USD Mn	103.2 USD Mn	192.4 USD Mn	119 USD Mn	70.7 USD Mn
2016	346.5 USD Mn	86.4 USD Mn	106.1 USD Mn	198.7 USD Mn	122.7 USD Mn	72.7 USD Mn
2017	355.6 USD Mn	87.9 USD Mn	108.2 USD Mn	203.2 USD Mn	125.2 USD Mn	74 USD Mn
2018	365.7 USD Mn	89.6 USD Mn	110.5 USD Mn	208.2 USD Mn	128.2 USD Mn	75.5 USD Mn
2019	376.8 USD Mn	91.5 USD Mn	113 USD Mn	213.9 USD Mn	131.4 USD Mn	77.2 USD Mn
2020	388.6 USD Mn	93.6 USD Mn	115.8 USD Mn	219.8 USD Mn	134.8 USD Mn	79 USD Mn
2021	402.5 USD Mn	96.1 USD Mn	119.1 USD Mn	226.9 USD Mn	139 USD Mn	81.2 USD Mn
2022	417 USD Mn	98.7 USD Mn	122.5 USD Mn	234.3 USD Mn	143.2 USD Mn	83.5 USD Mn
2023	432.2 USD Mn	101.4 USD Mn	126.1 USD Mn	242 USD Mn	147.7 USD Mn	85.9 USD Mn

Data Source: Wantstats Repository

Market Dynamics

brake pads segment accounted for the largest market share in the petroleum pitch market, and is expected to reach USD 432.20 Million in 2023 from USD 355.60 Million in 2017. However, brake pads segment is the fastest growing market, which is expected to grow at a CAGR of 3.40% during the forecast period 2018 - 2023.

Research Methodology

Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.

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