The latest report titled “Asphalt Production Cost Report” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the production process of the Asphalt.
Procurement Resource study is based on the latest prices and other economic data available. It also offers additional analysis of the report with detailed breakdown of all cost components (capital investment details, production cost details, economics for another plant location, dynamic cost model). In addition, the report incorporates the manufacturing process with detailed process and material flow, capital investment, operating costs along with financial expenses and depreciation charges.
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Procurement Resource’s detailed report describes the stepwise consumption of material and utilities along with a detailed process flow diagram. Furthermore, the study assesses the latest developments within the industry that might influence Asphalt production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Procurement Resource Assessment of Asphalt Production Process:
1. Asphalt Production Cost Breakup From Crude Oil Distillation: In the process of crude oil distillation, the oil is first boiled at different temperatures following the piping of crude oil at 150 °F, 450 °F, and 750 °F. Next, based on the vaporization temperatures, every fraction is vaporized in this temperature range. At last, other crude oil components (butane, gasoline, naphtha) are vaporized at their vaporization temperature, resulting in asphalt production.
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Product Definition:
Asphalt, also known as bitumen, is an extremely viscous liquid that appears to be brown or black in colour and has a sticky consistency which is the glassy semi-solid form of petroleum. It is found in the earth naturally and is derived from deposits which can get refined further. There are many kinds of asphalt grades, including natural, Residual, Mastic, Asphalt Cement, Cutback Asphalt and Asphalt Emulsion. It comprises components like sulfur, carbon, oxygen, hydrogen, and nitrogen, and in tiny amounts, nickel, iron, and vanadium as well.
Market Drivers:
The demand for asphalt is driven by its use in the construction sector as it is made up of binder, aggregates, and filler mainly used in the maintenance of roads, railway tracks, bicycle lanes, parking areas, ports, airport runways, sidewalks, as well as sports areas. It is extensively used in Light oil “dust layer” treatments or in adding a granular aggregate to an asphalt coat for road surfacing which furthers the market’s growth. Also, other end-uses of the product include making the lining of canals and reservoirs, dam facings, and also other sea and harbour works which will further bolster the industry’s expansion.
About Us:
Procurement Resource ensures that our clients remain at the vanguard of their industries by providing actionable procurement intelligence with the help of our expert analysts, researchers, and domain experts. Our team of highly seasoned analysts undertakes extensive research to provide our customers with the latest and up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which aid in simplifying the procurement process for our clientele.
Procurement Resource work with a diverse range of procurement teams across industries to get real-time data and insights that can be effectively implemented by our customers. As a team of experts, we also track the prices and production costs of an extensive range of goods and commodities, thus, providing you with updated and reliable data.
We, at Procurement Resource, with the help of the latest and cutting-edge techniques in the industry, help our clients understand the supply chain, procurement, and industry climate so that they can form strategies that ensure their optimum growth.
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