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Thursday, May 14, 2026

Lucintel Forecasts the Global Gilsonite Market to Grow with a CAGR of 3.8% from 2025 to 2031

According to a market report by Lucintel, the future of the global gilsonite market looks promising with opportunities in the foundry, construction, oil & gas, and ink & paint markets. The global gilsonite market is expected to grow with a CAGR of 3.8% from 2025 to 2031. The major drivers for this market are the increasing demand for high-performance drilling additives, the rising use of gilsonite in asphalt formulations, and the growing adoption across paints and coatings.

A more than 150-page report to understand trends, opportunity and forecast in global gilsonite market to 2031 by type (gilsonite lump and gilsonite powder), application (foundry, construction, oil & gas, ink & paint, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Lucintel forecasts that, within the type category, gilsonite powder is expected to witness higher growth over the forecast period.

Within the application category, oil & gas is expected to witness the highest growth.

Download sample by clicking on gilsonite market.

In terms of region, APAC is expected to witness the highest growth over the forecast period.

American Gilsonite Company, Wasit Group, Chemical Mine World, Asian Gilsonite, ATDM, Kardoost Ariya Company, Nikan West Gilsonite Company are the major suppliers in the gilsonite market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email:
roy.almaguer@lucintel.com
Tel. +1-972-636-5056

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