Asphalt is a sticky, black and highly viscous liquid or semi-solid that is present in most crude petroleums and in some natural deposits. There is some disagreement amongst chemists regarding the structure of asphalt, but it is most commonly modeled as a colloid, with asphaltenes as the dispersed phase amaltenesnd maltenes as the continuous phase. In U.S. terminology, asphalt (or asphalt cement) is the carefully refined residue from the distillation process of selected crude oils. Outside of North America, the product is called bitumen.

The primary use of asphalt (bitumen) is in road construction, where it is used as the glue or binder for the aggregate particles. The road surfacing material is usually called 'asphalt concrete' in North America or simply 'asphalt' elsewhere. The apparent interchangeability of the words 'asphalt' and 'bitumen' causes a lot of confusion outside of the road construction industry despite quite clear definitions within industry circles.

Asphalt or bitumen can sometimes be confused with tar, which is a similar black thermo-plastic material produced by the destructive distillation of coal. During the early and mid twentieth century when town gas was produced, tar was a readily available product and extensively used as the binder for road aggregates. The addition of tar to Macadam roads lead to the word Tarmac which is now used in common parlance to refer to road making materials. However, since the 1970s, when natural gas succeeded town gas, asphalt (bitumen) has completely overtaken the use of tar in these applications.

Asphalt can be separated from the other components in crude oil (such as naphtha, gasoline and diesel) by the process of fractional distillation, usually under vacuum conditions. A better separation can be achieved by further processing of the heavier fractions of the crude oil in a de-asphalting unit, which uses either propane or butane in a supercritical phase to dissolve the lighter molecules which are then separated. Further processing is possible by "blowing" the product: namely reacting it with oxygen. This makes the product harder and more viscous.

Natural deposits of asphalt include Lake Asphalts (primarily from the Pitch Lake in Trinidad and Tobago and Bermudez Lake in Venezuela), Gilsonite, the Dead Sea between Israel & Jordan, and Tar Sands.

Asphalt is typically stored and transported at temperatures around 150 degrees Celsius (300 °F). They shrink on cooling, so large splashes on the skin are especially hazardous. Sometimes diesel oil or kerosene are mixed in before shipping to retain liquidity; upon delivery, these lighter materials are separated out of the mixture. This mixture is often called bitumen feedstock, or BFS. Some dump trucks route the hot engine exhaust through pipes in the dump body to keep the material warm. The backs of tippers carrying asphalt, as well as some handling equipment, are also commonly sprayed with diesel oil before filling to aid release. - Wikipedia.org