Market Overview:
The global vegetable pitch market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The liquid type segment is expected to dominate the market in terms of revenue share during the forecast period. Asia Pacific is expected to be the fastest-growing region in the global vegetable pitch market during the forecast period. The growth of this region can be attributed to increasing demand for castings adhesive and rubber softener applications in countries such as China and India.
Product Definition:
A vegetable pitch is a type of soft, sticky asphalt that is used to pave roads. This type of asphalt is made from natural materials such as vegetable oils and resins, which makes it more environmentally friendly than traditional road paving materials. Vegetable pitch can also be used to seal roofs and waterproof surfaces.
Liquid Type:
Liquid type is a major constituent of vegetable pitch. It is also known as liquid resin or gum. Liquid type accounts for more than 50% of the total vegetable pitch market and it’s used in various applications such as adhesives, sealants, coatings, composites and others.
Paste Type:
Paste type is a method used to determine the viscosity of vegetable pitch. It helps in classifying paste as thin, standard or heavy paste. Paste type is determined by observing the appearance and consistency of the raw material after it has been heated.
Thin Paste - This type has a water content less than 20%.
Application Insights:
Cement precast isolation agent was the leading application segment in terms of revenue share in 2017. Vegetable pitch is widely used for its excellent sealing properties and superior waterproofing capabilities. These factors are anticipated to drive demand over the forecast period.
Rubber softener is projected to be one of the fastest-growing applications, with a CAGR around 9% from 2018 to 2030 owing to increasing use of vegetable pitches as an ingredient in tire manufacturing process. The product has proven itself as an efficient alternative compared with mineral oils and other softening agents due largelyto its high melting point which makes it suitable for cold-temperature applications, such as those found during winter months when vehicle temperatures drop below 0°C (32°F). This factor along with others will propel market growth over the coming years.
Other key applications include casting adhesive.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is anticipated to witness a CAGR of XX% from 2018 to 2030 owing to increasing construction activities in emerging economies such as China, India, Indonesia, Vietnam and Thailand. In addition, rising population coupled with rapid urbanization has led to an increase in housing needs which will further drive product demand during the forecast period.
Europe was valued at USD X million in 2017 and is projected to expand at a CAGR of XX% from 2018 To 2030 due high consumption of pitch for rubber manufacturing along with growing automotive industry particularly tire manufacturing sector mainly driven by rising per capita income levels among consumers leading towards increased spending on vehicles including passenger cars.
Growth Factors:
- Increasing demand for organic vegetables: The global market for organic vegetables is projected to grow at a CAGR of more than 14% from 2016 to 2021. This growth can be attributed to the increasing awareness about the benefits of consuming organic food, especially among health-conscious consumers.
- Rising demand from emerging markets: The Asia Pacific region is expected to be the fastest-growing market for organic vegetables during the forecast period. This can be attributed to the rising disposable income and growing population in countries such as China and India.
- Technological advancements in agriculture: Agricultural technologies such as precision farming and controlled environment agriculture are helping farmers improve yields while reducing inputs costs, thus driving the growth of the vegetable pitch market.
- Growing popularity of processed foods: The growing popularity of processed foods is another key factor driving demand for vegetable pitch globally. Processed foods require higher quality ingredients, which has led manufacturers to increasingly seek out suppliers that can provide high-quality vegetable pitch products.. 5) Increasing focus on sustainability: There is a growing focus on sustainable production practices among consumers and retailers alike, which is benefiting players in th Vegetable Pitch market by creating new opportunities for them
Scope Of The Report
Report Attributes
Report Details
Report Title
Vegetable Pitch Market Research Report
By Type
Liquid Type, Paste Type
By Application
Casting Adhesive, Rubber Softener, Cement Precast Isolation Agent, Other
By Companies
PanGu Group, Jinrui Lvyuan Biological Technology, Hebei Jingu Recycling Resources Development, East Huge Dragon Chemical, Jinduo Technology, Zhongke New Energy Technlogy
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Vegetable Pitch Market Report Segments:
The global Vegetable Pitch market is segmented on the basis of:
Types
Liquid Type, Paste Type
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
Casting Adhesive, Rubber Softener, Cement Precast Isolation Agent, 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:
- PanGu Group
- Jinrui Lvyuan Biological Technology
- Hebei Jingu Recycling Resources Development
- East Huge Dragon Chemical
- Jinduo Technology
- Zhongke New Energy Technlogy
Highlights of The Vegetable Pitch 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:
- Liquid Type
- Paste Type
- By Application:
- Casting Adhesive
- Rubber Softener
- Cement Precast Isolation Agent
- 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 Vegetable Pitch 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?
Vegetable pitch is a mixture of vegetable oil and water that is used as a lubricant in the production of food products. It helps to reduce friction and keep food from sticking to surfaces.
Some of the major companies in the vegetable pitch market are PanGu Group, Jinrui Lvyuan Biological Technology, Hebei Jingu Recycling Resources Development, East Huge Dragon Chemical, Jinduo Technology, Zhongke New Energy Technlogy.
The vegetable pitch market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Vegetable Pitch Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Vegetable Pitch Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Vegetable Pitch Market - Supply Chain
4.5. Global Vegetable Pitch Market Forecast
4.5.1. Vegetable Pitch Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Vegetable Pitch Market Size (000 Units) and Y-o-Y Growth
4.5.3. Vegetable Pitch Market Absolute $ Opportunity
5. Global Vegetable Pitch Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Vegetable Pitch Market Size and Volume Forecast by Type
5.3.1. Liquid Type
5.3.2. Paste Type
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Vegetable Pitch Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Vegetable Pitch Market Size and Volume Forecast by Application
6.3.1. Casting Adhesive
6.3.2. Rubber Softener
6.3.3. Cement Precast Isolation Agent
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Vegetable Pitch Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Vegetable Pitch Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Vegetable Pitch Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Vegetable Pitch Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Vegetable Pitch Demand Share Forecast, 2019-2026
9. North America Vegetable Pitch Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Vegetable Pitch Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Vegetable Pitch Market Size and Volume Forecast by Application
9.4.1. Casting Adhesive
9.4.2. Rubber Softener
9.4.3. Cement Precast Isolation Agent
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Vegetable Pitch Market Size and Volume Forecast by Type
9.7.1. Liquid Type
9.7.2. Paste Type
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Vegetable Pitch Demand Share Forecast, 2019-2026
10. Latin America Vegetable Pitch Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Vegetable Pitch Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Vegetable Pitch Market Size and Volume Forecast by Application
10.4.1. Casting Adhesive
10.4.2. Rubber Softener
10.4.3. Cement Precast Isolation Agent
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Vegetable Pitch Market Size and Volume Forecast by Type
10.7.1. Liquid Type
10.7.2. Paste Type
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Vegetable Pitch Demand Share Forecast, 2019-2026
11. Europe Vegetable Pitch Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Vegetable Pitch Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Vegetable Pitch Market Size and Volume Forecast by Application
11.4.1. Casting Adhesive
11.4.2. Rubber Softener
11.4.3. Cement Precast Isolation Agent
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Vegetable Pitch Market Size and Volume Forecast by Type
11.7.1. Liquid Type
11.7.2. Paste Type
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential nalysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Vegetable Pitch Demand Share, 2019-2026
12. Asia Pacific Vegetable Pitch Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Vegetable Pitch Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Vegetable Pitch Market Size and Volume Forecast by Application
12.4.1. Casting Adhesive
12.4.2. Rubber Softener
12.4.3. Cement Precast Isolation Agent
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Vegetable Pitch Market Size and Volume Forecast by Type
12.7.1. Liquid Type
12.7.2. Paste Type
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Vegetable Pitch Demand Share, 2019-2026
13. Middle East & Africa Vegetable Pitch Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Vegetable Pitch Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Vegetable Pitch Market Size and Volume Forecast by Application
13.4.1. Casting Adhesive
13.4.2. Rubber Softener
13.4.3. Cement Precast Isolation Agent
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Vegetable Pitch Market Size and Volume Forecast by Type
13.7.1. Liquid Type
13.7.2. Paste Type
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Vegetable Pitch Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Vegetable Pitch Market: Market Share Analysis
14.2. Vegetable Pitch Distributors and Customers
14.3. Vegetable Pitch Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. PanGu Group
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Jinrui Lvyuan Biological Technology
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Hebei Jingu Recycling Resources Development
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. East Huge Dragon Chemical
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Jinduo Technology
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Zhongke New Energy Technlogy
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
