Bitumen Market Among Emerging Economies Opening New Opportunities

 Market Overview

Bitumen is also referred to as asphalt compound that is obtained through distillation of crude oil that removes the lighter crude oil components such as diesel and gasoline, the heavier bitumen is left behind. Bitumen is consist of complex hydrocarbons and other compounds such as sulfur, calcium, iron, and oxygen. It is widely used as building materials and find application across construction and other industries. This material is mostly used in the road paving application as most of the roads are made up of bitumen or a mixture of bitumen and aggregates, this includes concrete.

The global bitumen market is estimated to account for approximately US$ 121 Billion in terms of revenue volume by the end of 2027, growing at a CAGR of 5.2% during the forecast period (2019-2027)

Request Sample Copy Of This Business Report:https://www.coherentmarketinsights.com/insight/request-sample/3308

Market Dynamics

On the basis of region, Asia-Pacific has witness a surge in demand for bitumen products for producing asphalt, which is then utilized for road construction & maintenance, owing to the expansion in infrastructure activities, rapid urbanization, emerging consumer goods industry in the region and rising demand for efficient transportation facilities.

Manufacturers are now focused on various developments in production technology of innovative bitumen products. Different materials such as rubber polymers, thermosetting and thermoplastic polymers are being added to bitumen, mechanically or chemically, to enhance its elasticity and strength. These innovations are expected to propel the bitumen market in forthcoming years.

Detailed Segmentation:

  • Global Bitumen market, By Product type :

    • Paving Grade

      Hard Grade

      Oxidized Grade

      Bitumen Emulsion

      Polymer Modified


  • Global Bitumen market, By End User:

    • Road Construction

      Waterproofing

      Others

Get Request Customization Copy Of This Business Report:https://www.coherentmarketinsights.com/insight/request-customization/3308

Key companies covered as a part of this study includes are Exxon Mobil Corporation, Total S.A., Indian Oil Corporation Ltd., Royal Dutch Shell Plc., Marathon Oil Corporation, Calumet Specialty Product Partners Ltd L.P, Chevron Texaco Corporation, and Nynas AB

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:

Name: Mr. Raj Shah

Phone: US +12067016702 / UK +4402081334027

Email: sales@coherentmarketinsights.com

Visit Our Blogs: https://blog.coherentmarketinsights.com

Comments

Post a Comment

Popular posts from this blog

Global Shrimp Market Business Segmentation By Revenue And Structure Forecast 2027

Image
Market Overview Shrimps are classified as decapod crustaceans that play important roles in the food chain and are an important food source for larger animals ranging from fish to whales. Humans consume the muscular tails of several shrimp that are widely caught and farmed for consumption. Around 20% 0f the species are commercially significant that include Whiteleg, giant tiger prawn, akiami paste shrimp, southern rough shrimp, and others. Based on their categorization of presentation, grading, colour, and uniformity, most shrimp are sold frozen and marketed for high levels of omega-3 fatty acids and low levels of mercury along with proteins, vitamin A and B6, B12, C and E, thiamin, riboflavin, niacin, phosphorous, copper, choline, iodine, and astaxanthin. Furthermore, it has anti-inflammatory, anti-ageing, and anti-cancer properties. Chitosan from shrimp shells has a range of application in pharmaceuticals, agrochemicals, cosmetics, and in water treatments. Pigments such as carotenoids
Read more

PET Preforms Market Growth Factors, Business Developments, Segmentation and Technologies 2018-2026

Image
Market Overvciew Polyethylene terephthalate  (PET) preforms are the unfinished products made by injection molding of polyethylene terephthalate, which is the most common thermoplastic polyester.  PET is strong, stiff, hard, and dimensionally stable material. It is resistant to water, gas, and all the chemicals except alkalis. PET is colorless and highly transparent. Food and beverages industries are continuously replacing glass and other metals bottle with PET bottles. PET products have various properties such as light weight, long shelf life, and are easy to handle, owing to these advantages PET products are widely used in packaged food and beverages industries. PET products are widely used in healthcare and cosmetics industries, due to the innovations in packaging industry. Increasing demand for pack weight reduction, the rise in consumption of carbonated soft drink, and new product developments are some of the major drivers for the growth of PET preform market. Stringent government
Read more

Bioethanol Market Industry Analysis, Share, Growth, Sales, Trends, Supply, Forecast 2026

Image
Market Overview Bioethanolis renewable and eco-friendly fuel majorly produced by fermentation of sugar. Energy crops are major source of sugar, which are used for production of bioethanol. The process involved in production of bioethanol include fermentation, distillation, rectification, and dehydration. The emissions due to burning of ethanol are less volatile as compared to those produced by combustion of gasoline, which is propelling demand for manufacturing of bioethanol, in turn fueling growth of the market. However, large amount of carbon dioxide is released during manufacturing of bioethanol, which is harmful to environment, this in turn is expected to hamper growth of the market over the forecast period. Increasing demand for ecofriendly vehicles and the renewable nature of bioethanol are major factors driving growth of the bioethanol market. However, high cost associated with production of bioethanol and maintenance of manufacturing unit is restraining growth of the market. Re
Read more