Market Overview:
The global Gilsonite market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for Gilsonite from various applications such as foundry, construction, oil and gas, ink and paint, and other applications. North America is expected to hold the largest share of the global Gilsonite market in 2018 while Asia Pacific is projected to be the fastest-growing region during the forecast period.
Product Definition:
Gilsonite is a natural asphaltum. It is found in veins or seams in the earth, and it is soft and black at room temperature. Gilsonite has a higher melting point than other forms of asphaltum, so it can be used as a hardener or binder in products such as paints, sealants, adhesives, and roofing materials.
Gilsonite Lump:
Gilsonite is a mineral, which occurs in crystalline form with an amorphous interior. It has a close resemblance with talc and is named after French mineralogist Jules Gaston Gilson (1863-1942). Gilsonite usually contains potassium oxide and calcium oxide along with other impurities. The major difference between gilsonite and talc is that the former has iron & magnesium while the latter lacks these metals.
Gilsonite Powder:
Gilsonite powder is a natural mineral, which has been used as an adhesive for glass and ceramics. It is also used in the production of optical glasses. Gilsonite can be utilized to make hydrophilic cements that are utilized in making optical fibers and specialty plastic products.
Application Insights:
The construction application segment led the global market and accounted for more than 35% of the total revenue share in 2017. The product is used as a filler material in concrete and mortar to improve its durability. It also helps reduce shrinkage when compared with other materials, thereby ensuring high-quality construction services.
The foundry industry has been one of the major consumers of gilsonite due to its properties such as high strength, excellent heat resistance, low shrinkage during casting and good lubricity which make it an ideal metalworking ingredient. In addition, it can be easily machined into any shape required by the end-user which further enhances its demand from this sector over other applications.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to witness significant growth over the forecast period owing to rapid industrialization and increasing population in countries, such as China, India, and Japan. Moreover, rising demand for automobiles is likely to drive product demand over the coming years.
The construction industry in Europe has witnessed considerable growth post-recession due to increasing government investments and public spending on infrastructural development projects. This factor is anticipated to augment gilsonite market growth over the forecast period.
North America accounted for a volume share of more than 20% of total market volume owing with growing oil & gas exploration activities across U S A and Canada which are major end users of gilsonite powder products have positively influenced its regional demand outlook overview in 2017).
Growth Factors:
- Increasing demand from the construction and paving industries for use in asphalt mixes and sealants.
- Growing demand from the oil and gas industry as a friction reducer, sealant, and drilling mud additive.
- Increasing use of Gilsonite in coatings, adhesives, elastomers, plastics, and other applications where its unique properties are beneficial.
- Limited global supply of Gilsonite relative to growing demand is likely to result in higher prices over time which should spur additional exploration and production activity by suppliers 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Gilsonite Market Research Report
By Type
Gilsonite Lump, Gilsonite Powder
By Application
Foundry, Construction, Oil and Gas, Ink and Paint, Other
By Companies
American Gilsonite Company, Wasit Group, Chemical Mine World, Asian Gilsonite, ATDM, Kardoost Ariya Company, Nikan West Gilsonite Company, Asia Gilsonite
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
159
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Gilsonite Market Report Segments:
The global Gilsonite market is segmented on the basis of:
Types
Gilsonite Lump, Gilsonite Powder
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Foundry, Construction, Oil and Gas, Ink and Paint, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- American Gilsonite Company
- Wasit Group
- Chemical Mine World
- Asian Gilsonite
- ATDM
- Kardoost Ariya Company
- Nikan West Gilsonite Company
- Asia Gilsonite
Highlights of The Gilsonite Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Gilsonite Lump
- Gilsonite Powder
- By Application:
- Foundry
- Construction
- Oil and Gas
- Ink and Paint
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Gilsonite Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Gilsonite is a mineral that is found in the United States. It is a type of quartz.
Some of the major players in the gilsonite market are American Gilsonite Company, Wasit Group, Chemical Mine World, Asian Gilsonite, ATDM, Kardoost Ariya Company, Nikan West Gilsonite Company, Asia Gilsonite.
The gilsonite market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Gilsonite Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Gilsonite Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Gilsonite Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Gilsonite Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Gilsonite Market Size & Forecast, 2020-2028
4.5.1 Gilsonite Market Size and Y-o-Y Growth
4.5.2 Gilsonite Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Gilsonite Lump
5.2.2 Gilsonite Powder
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Foundry
6.2.2 Construction
6.2.3 Oil and Gas
6.2.4 Ink and Paint
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Gilsonite Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Gilsonite Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Gilsonite Lump
9.6.2 Gilsonite Powder
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Foundry
9.10.2 Construction
9.10.3 Oil and Gas
9.10.4 Ink and Paint
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Gilsonite Lump
10.6.2 Gilsonite Powder
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Foundry
10.10.2 Construction
10.10.3 Oil and Gas
10.10.4 Ink and Paint
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Gilsonite Lump
11.6.2 Gilsonite Powder
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Foundry
11.10.2 Construction
11.10.3 Oil and Gas
11.10.4 Ink and Paint
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Gilsonite Lump
12.6.2 Gilsonite Powder
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Foundry
12.10.2 Construction
12.10.3 Oil and Gas
12.10.4 Ink and Paint
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Gilsonite Lump
13.6.2 Gilsonite Powder
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Foundry
13.10.2 Construction
13.10.3 Oil and Gas
13.10.4 Ink and Paint
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Gilsonite Market: Competitive Dashboard
14.2 Global Gilsonite Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 American Gilsonite Company
14.3.2 Wasit Group
14.3.3 Chemical Mine World
14.3.4 Asian Gilsonite
14.3.5 ATDM
14.3.6 Kardoost Ariya Company
14.3.7 Nikan West Gilsonite Company
14.3.8 Asia Gilsonite
