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Bitumen Market Analysis on Global Demand from Construction Industry

by Steve Blade · December 3, 2018




According to Goldstein Research, global bitumen market is expected to reach USD 110 billion by 2024, growing at a CAGR of 2.7% over the forecast period 2016-2024. Significant expansion in the need for rebuilding existing assets such as bridges, highways Drew Brees Womens Jersey , and buildings, increasing modern construction systems having waterproofed flat roofs, long supply chain, rapid urbanization in emerging markets, increase in traffic require wider roads and characteristics like water insolubility, superior water resistance Chauncey Gardner-Johnson Jersey , high stickiness, and viscosity are some of the factors that tend to drive the global bitumen market.聽Global bitumen market is largely dominated by Asia-Pacific region by taking over the market share of North America in recent past years. Over the forecast period, APAC is anticipated to maintain its dominating position in the industry, with China & India being major countries in the bitumen market.


Additionally, Bitumen is produced by the partial distillation of crude petroleum oil, also known as mineral tar and is present in asphalt and asphalt has always been and continues to be the pavement of choice across the globe.聽Developing countries such as China Erik McCoy Jersey , India and Brazil have invested huge amounts in developing the paved road networks in their countries, which has significantly triggered asphalt paving industry.


Download Exclusive Sample Report:聽 Market Segmentation

Global Bitumen Market can be segmented as follows:

By Grades Hard Grade Soft Grade Polymer Modified Bitumen (PMB) By Product Paving grade bitumen Oxidized bitumen Cutback bitumen Bitumen emulsion Polymer Modified Bitumen (PMB) Others (including bitumen formed due to addition of zinc, copper, etc.) By Application Roadways Waterproofing Adhesives Insulation Others By Region North America Bitumen Market Analysis, 2016-2024 Europe Bitumen Market Analysis, 2016-2024 The Middle East And Africa Bitumen Market Analysis Alvin Kamara Jersey , 2016-2024 Latin America Bitumen Market Analysis, 2016-2024 Asia Pacific Bitumen Market Analysis, 2016-2024 Rest Of The World Bitumen Market Analysis, 2016-2024

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