The global market for Gilsonite was estimated to be worth US$ 360 million in 2024 and is forecast to a readjusted size of US$ 461 million by 2031 with a CAGR of 3.8% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Gilsonite cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
Gilsonite is a naturally occurring, solid hydrocarbon resin, commonly referred to as natural asphalt or bitumen. It is black, brittle, and soluble in organic solvents, with high carbon content and low sulfur levels. Gilsonite is widely used as a modifier in asphalt for road paving, as a binder in drilling fluids for the oil and gas industry, and as a raw material in inks, coatings, and adhesives due to its unique hardness, gloss, and chemical resistance properties.
In 2024, global Gilsonite production reached approximately 1,100 kilotons, with an average global market price of around US$ 327 per ton.
The global Gilsonite market is relatively niche but strategically important, with production largely concentrated in the U.S., particularly in Utah's Uinta Basin, which accounts for the majority of high-grade Gilsonite output. The market size is influenced by infrastructure investment trends, oil and gas exploration activities, and industrial demand for specialty chemicals.
Pricing in the Gilsonite market is affected by quality (grade and purity), particle size (powder vs. granules), and end-use applications. High-grade Gilsonite suitable for asphalt modification or specialty chemical production commands premium prices, whereas lower-grade materials are more commonly used in industrial fillers or bulk applications. Supply is limited due to the geographically concentrated mining locations, which also exposes the market to potential disruptions from regulatory changes, mining restrictions, or geopolitical issues in exporting countries.
Looking forward, the Gilsonite market is expected to see moderate growth, primarily driven by increased global infrastructure investment, expanding oilfield drilling activities, and the rising demand for high-performance asphalt and specialty industrial products. Technological advancements in asphalt modification and green construction materials are likely to further stimulate demand. Additionally, emerging applications in polymer composites, coatings, and adhesives present new growth opportunities for both established producers and new entrants, fostering innovation and diversification within the market.
This report aims to provide a comprehensive presentation of the global market for Gilsonite, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Gilsonite by region & country, by Type, and by Application.
The Gilsonite market size, estimations, and forecasts are provided in terms of sales volume (Kilotons) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Gilsonite.
Market Segmentation
By Company
- American Gilsonite Company
- Wasit Group
- Chemical Mine World
- Asian Gilsonite
- ATDM
- Kardoost Ariya Company
- Nikan West Gilsonite Company
- Asia Gilsonite
- Millennium Energy
Segment by Type
- Gilsonite Lump
- Gilsonite Powder
Segment by Application
- Foundry
- Construction
- Oil and Gas
- Ink and Paint
- Others
By Region
- North America
- Asia-Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia-Pacific
- Europe
- Germany
- France
- U.K.
- Italy
- Netherlands
- Nordic Countries
- Rest of Europe
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Gilsonite manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Gilsonite in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Gilsonite in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Table of Contents
1 Market Overview
- 1.1 Gilsonite Product Introduction
- 1.2 Global Gilsonite Market Size Forecast
- 1.2.1 Global Gilsonite Sales Value (2020-2031)
- 1.2.2 Global Gilsonite Sales Volume (2020-2031)
- 1.2.3 Global Gilsonite Sales Price (2020-2031)
- 1.3 Gilsonite Market Trends & Drivers
- 1.3.1 Gilsonite Industry Trends
- 1.3.2 Gilsonite Market Drivers & Opportunity
- 1.3.3 Gilsonite Market Challenges
- 1.3.4 Gilsonite Market Restraints
- 1.4 Assumptions and Limitations
- 1.5 Study Objectives
- 1.6 Years Considered
2 Competitive Analysis by Company
- 2.1 Global Gilsonite Players Revenue Ranking (2024)
- 2.2 Global Gilsonite Revenue by Company (2020-2025)
- 2.3 Global Gilsonite Players Sales Volume Ranking (2024)
- 2.4 Global Gilsonite Sales Volume by Company Players (2020-2025)
- 2.5 Global Gilsonite Average Price by Company (2020-2025)
- 2.6 Key Manufacturers Gilsonite Manufacturing Base and Headquarters
- 2.7 Key Manufacturers Gilsonite Product Offered
- 2.8 Key Manufacturers Time to Begin Mass Production of Gilsonite
- 2.9 Gilsonite Market Competitive Analysis
- 2.9.1 Gilsonite Market Concentration Rate (2020-2025)
- 2.9.2 Global 5 and 10 Largest Manufacturers by Gilsonite Revenue in 2024
- 2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Gilsonite as of 2024)
- 2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
- 3.1 Introduction by Type
- 3.1.1 Gilsonite Lump
- 3.1.2 Gilsonite Powder
- 3.2 Global Gilsonite Sales Value by Type
- 3.2.1 Global Gilsonite Sales Value by Type (2020 VS 2024 VS 2031)
- 3.2.2 Global Gilsonite Sales Value, by Type (2020-2031)
- 3.2.3 Global Gilsonite Sales Value, by Type (%) (2020-2031)
- 3.3 Global Gilsonite Sales Volume by Type
- 3.3.1 Global Gilsonite Sales Volume by Type (2020 VS 2024 VS 2031)
- 3.3.2 Global Gilsonite Sales Volume, by Type (2020-2031)
- 3.3.3 Global Gilsonite Sales Volume, by Type (%) (2020-2031)
- 3.4 Global Gilsonite Average Price by Type (2020-2031)
4 Segmentation by Application
- 4.1 Introduction by Application
- 4.1.1 Foundry
- 4.1.2 Construction
- 4.1.3 Oil and Gas
- 4.1.4 Ink and Paint
- 4.1.5 Others
- 4.2 Global Gilsonite Sales Value by Application
- 4.2.1 Global Gilsonite Sales Value by Application (2020 VS 2024 VS 2031)
- 4.2.2 Global Gilsonite Sales Value, by Application (2020-2031)
- 4.2.3 Global Gilsonite Sales Value, by Application (%) (2020-2031)
- 4.3 Global Gilsonite Sales Volume by Application
- 4.3.1 Global Gilsonite Sales Volume by Application (2020 VS 2024 VS 2031)
- 4.3.2 Global Gilsonite Sales Volume, by Application (2020-2031)
- 4.3.3 Global Gilsonite Sales Volume, by Application (%) (2020-2031)
- 4.4 Global Gilsonite Average Price by Application (2020-2031)
5 Segmentation by Region
- 5.1 Global Gilsonite Sales Value by Region
- 5.1.1 Global Gilsonite Sales Value by Region: 2020 VS 2024 VS 2031
- 5.1.2 Global Gilsonite Sales Value by Region (2020-2025)
- 5.1.3 Global Gilsonite Sales Value by Region (2026-2031)
- 5.1.4 Global Gilsonite Sales Value by Region (%), (2020-2031)
- 5.2 Global Gilsonite Sales Volume by Region
- 5.2.1 Global Gilsonite Sales Volume by Region: 2020 VS 2024 VS 2031
- 5.2.2 Global Gilsonite Sales Volume by Region (2020-2025)
- 5.2.3 Global Gilsonite Sales Volume by Region (2026-2031)
- 5.2.4 Global Gilsonite Sales Volume by Region (%), (2020-2031)
- 5.3 Global Gilsonite Average Price by Region (2020-2031)
- 5.4 North America
- 5.4.1 North America Gilsonite Sales Value, 2020-2031
- 5.4.2 North America Gilsonite Sales Value by Country (%), 2024 VS 2031
- 5.5 Europe
- 5.5.1 Europe Gilsonite Sales Value, 2020-2031
- 5.5.2 Europe Gilsonite Sales Value by Country (%), 2024 VS 2031
- 5.6 Asia Pacific
- 5.6.1 Asia Pacific Gilsonite Sales Value, 2020-2031
- 5.6.2 Asia Pacific Gilsonite Sales Value by Region (%), 2024 VS 2031
- 5.7 South America
- 5.7.1 South America Gilsonite Sales Value, 2020-2031
- 5.7.2 South America Gilsonite Sales Value by Country (%), 2024 VS 2031
- 5.8 Middle East & Africa
- 5.8.1 Middle East & Africa Gilsonite Sales Value, 2020-2031
- 5.8.2 Middle East & Africa Gilsonite Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
- 6.1 Key Countries/Regions Gilsonite Sales Value Growth Trends, 2020 VS 2024 VS 2031
- 6.2 Key Countries/Regions Gilsonite Sales Value and Sales Volume
- 6.2.1 Key Countries/Regions Gilsonite Sales Value, 2020-2031
- 6.2.2 Key Countries/Regions Gilsonite Sales Volume, 2020-2031
- 6.3 United States
- 6.3.1 United States Gilsonite Sales Value, 2020-2031
- 6.3.2 United States Gilsonite Sales Value by Type (%), 2024 VS 2031
- 6.3.3 United States Gilsonite Sales Value by Application, 2024 VS 2031
- 6.4 Europe
- 6.4.1 Europe Gilsonite Sales Value, 2020-2031
- 6.4.2 Europe Gilsonite Sales Value by Type (%), 2024 VS 2031
- 6.4.3 Europe Gilsonite Sales Value by Application, 2024 VS 2031
- 6.5 China
- 6.5.1 China Gilsonite Sales Value, 2020-2031
- 6.5.2 China Gilsonite Sales Value by Type (%), 2024 VS 2031
- 6.5.3 China Gilsonite Sales Value by Application, 2024 VS 2031
- 6.6 Japan
- 6.6.1 Japan Gilsonite Sales Value, 2020-2031
- 6.6.2 Japan Gilsonite Sales Value by Type (%), 2024 VS 2031
- 6.6.3 Japan Gilsonite Sales Value by Application, 2024 VS 2031
- 6.7 South Korea
- 6.7.1 South Korea Gilsonite Sales Value, 2020-2031
- 6.7.2 South Korea Gilsonite Sales Value by Type (%), 2024 VS 2031
- 6.7.3 South Korea Gilsonite Sales Value by Application, 2024 VS 2031
- 6.8 Southeast Asia
- 6.8.1 Southeast Asia Gilsonite Sales Value, 2020-2031
- 6.8.2 Southeast Asia Gilsonite Sales Value by Type (%), 2024 VS 2031
- 6.8.3 Southeast Asia Gilsonite Sales Value by Application, 2024 VS 2031
- 6.9 India
- 6.9.1 India Gilsonite Sales Value, 2020-2031
- 6.9.2 India Gilsonite Sales Value by Type (%), 2024 VS 2031
- 6.9.3 India Gilsonite Sales Value by Application, 2024 VS 2031
7 Company Profiles
- 7.1 American Gilsonite Company
- 7.1.1 American Gilsonite Company Company Information
- 7.1.2 American Gilsonite Company Introduction and Business Overview
- 7.1.3 American Gilsonite Company Gilsonite Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.1.4 American Gilsonite Company Gilsonite Product Offerings
- 7.1.5 American Gilsonite Company Recent Development
- 7.2 Wasit Group
- 7.2.1 Wasit Group Company Information
- 7.2.2 Wasit Group Introduction and Business Overview
- 7.2.3 Wasit Group Gilsonite Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.2.4 Wasit Group Gilsonite Product Offerings
- 7.2.5 Wasit Group Recent Development
- 7.3 Chemical Mine World
- 7.3.1 Chemical Mine World Company Information
- 7.3.2 Chemical Mine World Introduction and Business Overview
- 7.3.3 Chemical Mine World Gilsonite Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.3.4 Chemical Mine World Gilsonite Product Offerings
- 7.3.5 Chemical Mine World Recent Development
- 7.4 Asian Gilsonite
- 7.4.1 Asian Gilsonite Company Information
- 7.4.2 Asian Gilsonite Introduction and Business Overview
- 7.4.3 Asian Gilsonite Gilsonite Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.4.4 Asian Gilsonite Gilsonite Product Offerings
- 7.4.5 Asian Gilsonite Recent Development
- 7.5 ATDM
- 7.5.1 ATDM Company Information
- 7.5.2 ATDM Introduction and Business Overview
- 7.5.3 ATDM Gilsonite Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.5.4 ATDM Gilsonite Product Offerings
- 7.5.5 ATDM Recent Development
- 7.6 Kardoost Ariya Company
- 7.6.1 Kardoost Ariya Company Company Information
- 7.6.2 Kardoost Ariya Company Introduction and Business Overview
- 7.6.3 Kardoost Ariya Company Gilsonite Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.6.4 Kardoost Ariya Company Gilsonite Product Offerings
- 7.6.5 Kardoost Ariya Company Recent Development
- 7.7 Nikan West Gilsonite Company
- 7.7.1 Nikan West Gilsonite Company Company Information
- 7.7.2 Nikan West Gilsonite Company Introduction and Business Overview
- 7.7.3 Nikan West Gilsonite Company Gilsonite Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.7.4 Nikan West Gilsonite Company Gilsonite Product Offerings
- 7.7.5 Nikan West Gilsonite Company Recent Development
- 7.8 Asia Gilsonite
- 7.8.1 Asia Gilsonite Company Information
- 7.8.2 Asia Gilsonite Introduction and Business Overview
- 7.8.3 Asia Gilsonite Gilsonite Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.8.4 Asia Gilsonite Gilsonite Product Offerings
- 7.8.5 Asia Gilsonite Recent Development
- 7.9 Millennium Energy
- 7.9.1 Millennium Energy Company Information
- 7.9.2 Millennium Energy Introduction and Business Overview
- 7.9.3 Millennium Energy Gilsonite Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.9.4 Millennium Energy Gilsonite Product Offerings
- 7.9.5 Millennium Energy Recent Development
8 Industry Chain Analysis
- 8.1 Gilsonite Industrial Chain
- 8.2 Gilsonite Upstream Analysis
- 8.2.1 Key Raw Materials
- 8.2.2 Raw Materials Key Suppliers
- 8.2.3 Manufacturing Cost Structure
- 8.3 Midstream Analysis
- 8.4 Downstream Analysis (Customers Analysis)
- 8.5 Sales Model and Sales Channels
- 8.5.1 Gilsonite Sales Model
- 8.5.2 Sales Channel
- 8.5.3 Gilsonite Distributors
9 Research Findings and Conclusion
10 Appendix
- 10.1 Research Methodology
- 10.1.1 Methodology/Research Approach
- 10.1.1.1 Research Programs/Design
- 10.1.1.2 Market Size Estimation
- 10.1.1.3 Market Breakdown and Data Triangulation
- 10.1.2 Data Source
- 10.1.2.1 Secondary Sources
- 10.1.2.2 Primary Sources
- 10.2 Author Details
- 10.3 Disclaimer