Press release
Bitumen Industry: A Decade of Enhancements in Construction Materials (2023-2033)
The bitumen market's global volume demand was estimated at 107,700 KT in 2018, and it is predicted to grow at a CAGR of 3% to reach 153,613 '000 units by the end of 2029. During the years 2019 to 2029, there will likely be a large increase in road construction operations, which will significantly increase the consumption of bitumen for paving and surfacing.
The bitumen market is experiencing significant growth as the demand for infrastructure development continues to fuel its momentum. Bitumen, a crucial component in the construction of roads, highways, bridges, and other infrastructure projects, is witnessing increased adoption worldwide due to its excellent binding and waterproofing properties.
Request the sample copy of report @ https://www.persistencemarketresearch.com/samples/10721
One of the key drivers behind the market's expansion is the growing investment in infrastructure development projects. Governments and private entities are heavily investing in the construction and renovation of transportation networks, including roads and highways, to facilitate economic growth and enhance connectivity. Bitumen, with its ability to provide durable and resilient road surfaces, is in high demand as it ensures the longevity and sustainability of these infrastructure projects.
Moreover, the rising urbanization and population growth in many regions are contributing to the demand for new residential and commercial developments. Bitumen finds extensive use in roofing and waterproofing applications, providing protection against water ingress and ensuring the longevity of buildings. The construction of residential complexes, commercial buildings, and industrial facilities is further driving the growth of the bitumen market.
Furthermore, the ongoing maintenance and rehabilitation of existing infrastructure assets are also contributing to the demand for bitumen. As aging infrastructure requires repair and resurfacing, bitumen is utilized to restore and extend the lifespan of roads, bridges, and other structures. The need for cost-effective and efficient solutions in infrastructure maintenance is boosting the market's growth.
For In-Depth Competitive Analysis, Buy Now @ https://www.persistencemarketresearch.com/checkout/10721
As infrastructure development continues to be a priority in many regions, the bitumen market is gaining momentum. Its exceptional binding and waterproofing properties make it an indispensable material in the construction of roads, highways, bridges, and buildings. With the increasing investment in infrastructure projects and the need for sustainable and durable construction materials, the bitumen market is poised for further expansion.
Companies Covered in This Report -
• Royal Dutch Shell PLC
• Sinopec
• CNOOC Limited
• China National Petroleum Corporation
• TOTAL S.A
• PJSC Rosneft Oil Company
• Hindustan Petroleum Corporation Limited
• Indian Oil Corporation Ltd
• Petro Tar Co.
• Kimya Refinery Group
• Wellbank Global PTE Ltd
• The Bahrain Petroleum Company B.S.C.
• Isfahan Bitumen Production Co.
• Muscat International Bitumen LLC
• Saudi Bitumen Industries Co. Ltd.
• BNB Bitumen Private Limited
• Rhine Middle East LLC
• Regional Petroleum Products Corporation
• MERCO
• Iran Bitumen Co.
• Total Oil India Pvt Ltd
Request For Report Customization @ https://www.persistencemarketresearch.com/request-customization/10721
Market Segmentation
By Grade
• Paving Grade
• Hard Grade
• Oxidized/Blown Grade
• Bitumen Emulsion
• Polymer Modified Binders (PMBs)
By End Use
• Road Surfacing
• Waterproofing
• Others (Insulating, Sealing, Paint, etc.)
By Region
• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East and Africa
About us:
Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.
Contact us:
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Bitumen Industry: A Decade of Enhancements in Construction Materials (2023-2033) here
News-ID: 3172023 • Views: …
More Releases from Persistence Market Research
Frozen Foods Market Heats Up with Innovation and Growing Consumer Demand
Market Overview:
The frozen foods market consists of a wide range of products, including frozen fruits and vegetables, meat and seafood, ready-to-eat meals, and desserts. These products are preserved through freezing to maintain freshness and quality for an extended period.
Market Size and Growth:
The global market for frozen foods is forecasted to be of valuation US$ 281.0 Billion in the year 2022 which is expanding at a value CAGR of 5.1% and…
The Global Graphene Market's Striking Growth and Innovative Applications
Introduction
Graphene, a single layer of carbon atoms arranged in a hexagonal lattice, has gained global recognition for its extraordinary properties, such as exceptional electrical and thermal conductivity, mechanical strength, and flexibility. Since its isolation in 2004 by Andre Geim and Konstantin Novoselov, graphene has sparked considerable interest in both scientific and industrial communities. This report explores the current state of the graphene market and its potential growth opportunities.
Get Access To…
Business Opportunities in Cyber Security Mesh Market : Top Countries Data Analys …
Market Overview:
The projected global market size for cyber security mesh is expected to reach $8.8 billion by the year 2033, with an estimated valuation of $1.2 billion by 2023. This market is poised to experience a compound annual growth rate (CAGR) of 21.7% from 2023 to 2033.
The global Cyber Security Mesh market is poised for significant growth as organizations worldwide grapple with the escalating threat landscape. Cybersecurity has become an…
Synthetic Beta-Carotene Market To Boost Incredible Growth: 2033, Share Valuation …
Key market trends included a shift towards natural and plant-based ingredients, as consumers sought cleaner labels and healthier options. This drove the demand for naturally sourced beta-carotene, but synthetic beta-carotene still had its place due to its cost-effectiveness and consistency in production. The market was also influenced by regulatory changes and evolving dietary preferences, which affected the application and formulation of synthetic beta-carotene in various products.
To obtain the latest market…
More Releases for Bitumen
Modified Bitumen Market 2021 | Detailed Report
Global Modified Bitumen Market 2021-2027, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market. An exclusive data offered in this report is collected by research and industry experts team.
Get Free Sample PDF (including full TOC, Tables and Figures)…
Future growth of Bitumen Emulsifier market
We'll help you fight this crisis through our business intelligence solutions.
Check out How COVID-19 Impact on the Industry and Connect with Our Analyst to Contextualize Our Insights for Your Business: https://www.researchdive.com/connect-to-analyst/28
Pre COVID-19 Analysis on Bitumen Emulsifier Market
From the snaky mountain roads to large four-lane highways, our roads have long and captivating history. At first roads were thoughtlessly developed by humans taking the same routes repeatedly in search of water…
COVID-19 Study: Bitumen Emulsifier Market | Modified Bitumen Emulsion Is Predict …
As per a new report published by Research Dive, the global bitumen emulsifier market is set to generate a revenue of $154.3 million by 2026, at a CAGR of 3.9% during the forecast period from 2019 to 2026. The segmentation of the market has been done on the basis of type, type of setting, application, end use, and region. The report provides in-depth insights on drivers, vital segments, opportunities, restraints,…
Global Market Study on Bitumen: Paving Grade Bitumen to Hold Significant Share d …
According to a new market report published by Persistence Market Research, titled “Global Market Study on Bitumen: Paving Grade Bitumen to Hold Significant Share during the Forecast Period, 2016 - 2022 ”, the global bitumen market is estimated to reach US$ 94,748.2 Mn by 2022.
Request For Report Sample@ https://www.persistencemarketresearch.com/samples/10721
A mixture of highly sticky, black, viscous organic liquids that is entirely soluble in carbon disulfide and primarily composed of…
APAC (Asia-Pacific) Bitumen Market Accounted for 31% Volume Share of Global Bitu …
According to Goldstein Research, APAC Bitumen market is expected to reach USD 34.1 billion by the end of 2024, growing at a CAGR of 6.59%. The growing infrastructure projects and maintenance of existing ones are the major driving force in the growing demand for bitumen across the APAC region. APAC Bitumen market segmentation has been done on the basis of grades, product, application, and countries. Road construction accounted for the…
Industry Analysis & Forecast 2020 | Bitumen Market
The global bitumen market will expand at a CAGR of 3.90% from 2014 to 2020. The market was valued at US$71.44 bn in 2013. It is expected to reach US$93.38 bn by the end of 2020, according to a research report released by Transparency Market Research. The report titled “Global Bitumen Market - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020” is now available on the company…
