Bitumen Market By Product Oxidized bitumen, Bitumen Emulsion, Paving bitumen, Cutback bitumen, Polymer Modified Bitumen PMB , Others Application Waterproofing, Insulation, Roadways, Adhesives, Others – Global Industry Analysis and Forecast to 2025
Industry Outlook and Trend Analysis
The Bitumen Market has encountered significant development over the recent years and is anticipated to grow tremendously over the forecast period. A combination of natural liquids that are sticky, black, solvent in carbon disulfide and profoundly viscous in nature ordinarily acquired in oil refineries as a remaining item after the evacuation of higher divisions like gas, petrol, and diesel and so on is called bitumen. Bitumen has glue properties and is chiefly utilized in street development and waterproofing. This led the makers to turn out with cutting edge bitumen products. Bitumen is likewise utilized as a glue or binder, commonly blended with total particles to produce bitumen concrete.
Drivers and Restraints
Presently, the world bitumen market is seeing quick development because of progressions in technology of bitumen creation alongside increment being used of bitumen in road development and remodel exercises over the world. The world bitumen market is foreseen to display generous amplification amid the conjecture time frame, credited to an expansion being used of bitumen in waterproofing purposes, roof official and as cements in wood business. Different variables driving the worldwide bitumen market incorporate developing utilization of bitumen in paints and coatings and inks and colors and so on. Nonetheless, concrete as an option of bitumen, particularly in street development is a key factor hampering the development of the worldwide bitumen market.
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Regional Insights
Asia Pacific will see huge bitumen income development attributable to mechanical and infrastructural exercises in China that held a territorial market share of near 40% in 2017. Around the same time, India saw a decent development because of rising assembling and development industries.
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Russia
Italy
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Rest of Asia-Pacific
South America
Brazil
Argentina
Columbia
Rest of South America
Middle East and Africa
Saudi Arabia
UAE
Egypt
Nigeria
South Africa
Rest of MEA
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Competitive Analysis
The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
Total S.A
Valero Energy Corporation
Indian Oil Corporation
JX Nippon Oil and Energy Corporation
Bouygues S.A
Villas Austria GmbH
British Petroleum
Chevron Texaco Corporation
China Petroleum and Chemical Corporation
Royal Dutch Shell Plc
Petroleos Mexicanos
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2025?
What will be the industry market growth from 2015 to 2025?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
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