Results for tag: "Asphalt"

Asphalt is a type of advanced material used in a variety of applications, including road construction, roofing, and waterproofing. It is a composite material made up of a binder, such as bitumen, and an aggregate, such as sand, gravel, or crushed stone. Asphalt is a durable material that is resistant to weathering and can be used in a variety of climates. It is also relatively easy to install and maintain. The asphalt market is driven by the increasing demand for road construction and maintenance, as well as the need for waterproofing and roofing materials. The market is expected to grow in the coming years due to the increasing demand for infrastructure development and the need for energy-efficient materials. Some of the major companies in the asphalt market include Shell, BP, ExxonMobil, Total, Chevron, and Valero. Other companies include Marathon Petroleum, Sunoco, Phillips 66, and Puma Energy. Show Less Read more