World Bitumen Market - Opportunities and Forecast,

OVERVIEW A mixture of organic liquids that are black, sticky, soluble in carbon disulfide and highly viscous in nature usually obtained in petroleum refineries as a residual product after the removal of higher fractions like petrol, gas, diesel etc. is called bitumen. The world bitumen market size was USD trillion in 2017 and is expected to witness significant growth over the next 6 years owing to increasing use in various applications including roadways, waterproofing, insulation, and adhesives. This lead the manufacturers to come out with advanced bitumen products. Bitumen is also used as a binder or glue, generally mixed with aggregate particles to form bitumen concrete. Increasing use of bitumen especially in road construction activities in various developing economies across the globe is creating vivid opportunities for the bitumen market. The bitumen binder is an essential element in various roadways applications on account of its higher strength, durability, and resilience. Concrete contains a small percentage of bitumen which is acting as a binder to enhance its resistance characteristics, which is expected to boost demand over the forecast period. For more information about this report visit:

Growing demand for infrastructure on account of growing the population, improving the standard of living is projected to bolster market growth over the forecast period. Increasing awareness about climate changes, along with global warming will drive roofing requirements which in turn is supposed to drive product demand over the next six years.

Bitumen is produced by the partial distillation of crude petroleum oil, also known as mineral tar and is present in asphalt. It constitutes of 87% carbon, 11% hydrogen and 2% oxygen. Bitumen is a combination of hydro carbons and thermoplastic material having strong tarry odor while stiffness is dependent on temperature.

BITUMEN MARKET KEY SEGMENTS: Market by Type Paving Grade Bitumen Hard Grade Bitumen Oxidized Grade Bitumen Polymer Modified Bitumen Bitumen Emulsions Market by End-use Industry Road Construction Waterproofing Paints & Coatings Inks & Dyes Others Market by Geography North America Europe Asia-Pacific LAMEA

Comprehensive competitive analysis and profiles of key market British Petroleum, Royal Dutch Shell PLC, Indian Oil Corporation, Exxon Mobil Corporation, Nynas AB, Marathon Oil Corporation, Nippon Oil Corporation, Villas Austria GmbH, Petroleos Mexicanos Sinopec are provided in the report. World Bitumen Market description Tables, Figures, Charts and Companies Mentioned in World Bitumen Market Opportunities and Forecasts, :

Thank You! For More Details