Trusted Press Release Distribution   Plans | Login    

Briefing Search
Keyword:
Category:

       

    
Author Details
JSB Market Research
jsbmarketresearch@gmail.com
www.jsbmarketresearch.com

Bookmark and Share
Global Bitumen Market Forecast till 2024 | Major Drivers and Challenges
JSB Market Research Provides Latest Trending Reports on Global Bitumen Market Forecast till 2024 under Chemicals Category. Global bitumen market is expected to grow at a CAGR of over 6% during the forecast period 2024.


global bitumen market
BriefingWire.com, 10/11/2019 - JSB Market Research Provides Latest Trending Reports on Global Bitumen Market Forecast till 2024 under Chemicals Category. Global bitumen market is expected to grow at a CAGR of over 6% during the forecast period 2024. The report also provides a detailed analysis of the major companies present in the global bitumen industry.

Global Bitumen Market was valued at over $ 44.7 billion in 2018 and is expected to grow at a CAGR of over 6% during the forecast period. Growth of the market is led by increasing investments by the governments of different economies for the maintenance & repair and construction of roads. Roads made with bitumen have high viscosity, stickiness and water resistance, which is stimulating its adoption for road construction. Additionally, hydrocarbon mixture due to its waterproofing properties, also finds application in water tank manufacturing, tennis courts, runways, and barn floors, among others. However, the release of toxic gases due to the heating of bitumen and cement as an alternative for bitumen for the construction is impeding the growth of the market.

Get a Free Sample Research Reports: www.jsbmarketresearch.com/chemicals/global-bitumen-market-forecast-and-opportunities#SampleRequest

Global bitumen market can be segmented based on product grade, application, and region. In terms of product grade, the market can be segmented into paving, industrial and polymer modified. Of all, paving product grade dominates the global bitumen market and the trend is likely to maintain its dominance during the forecast period as well. However, the polymer-modified segment is anticipated to witness the fastest CAGR during the forecast period due to its growing usage in industrial applications and road surfacing. The addition of polymers to the bitumen enhances the resistance to deformation of the mixture, which is further anticipated to promote the growth of this segment over the coming years.

Major players operating in global bitumen market include China National Petroleum Corporation (CNPC), Indian Oil Corporation Limited (IOCL), Total S.A., Exxon Mobil Corporation, Royal Dutch Shell Plc, Sinopec, Valero Energy Corporation, Bouygues S.A., NuStar Energy L.P., Villas Austria GmbH, Marathon Oil Corporation, Nynas AB, Kraton Corporation, etc.are some of the leading players operating in global bitumen market. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.

Years considered for this report:

Historical Years: 2014-2017

Base Year: 2018

Estimated Year: 2019

Forecast Period: 20202024

View Full Market Research Reports on Market: www.jsbmarketresearch.com/chemicals/global-bitumen-market-forecast-and-opportunities

Category: Chemicals Market Research

Contact Us

JSB Market Research

Phone: +917710006748

Website: www.jsbmarketresearch.com

Email: - enquiry@jsbmarketresearch.com

 
 
FAQs | Contact Us | Terms & Conditions | Privacy Policy
© 2019 Proserve Technology, Inc.