Press release
Bitumen Market to witness 4.2% CAGR by 2024.
"Bitumen Market is poised to be valued over USD 110 billion by 2024 according to this new research report.”
Apart from the above-mentioned properties, the product also finds its use as an adhesive and sealant in the bitumen market. Owing to its water insoluble characteristics, the product finds its use in the water-proofing of boats and ships. In the construction sector, the product finds its uses in the building of bridges, dams and water tanks. Powerful growth in the construction sector on account of government initiatives to develop public infrastructure will strongly boost the bitumen market in the near future. The global construction industry was valued close to USD 8 trillion in 2015 and is projected to reach USD 13 trillion in the forecast timespan.
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Stringent regulations regarding the manufacturing and application of the product may affect the end-user industries as well as the downstream producers. Also, as the product is attained from crude oil distillation, fluctuation in the raw material prices may further hinder the bitumen market growth.
Based on the product category, the global bitumen market can be segmented into paving bitumen, polymer modified bitumen (PMB), bitumen emulsion, cutback bitumen, oxidized bitumen and others. Considering volume, the paving bitumen accounts for around 80% of the overall share in the market and is likely to witness gains with a 2.5% CAGR in the forecast period. The PMB has witnessed significant gains in the projected timespan and finds its extensive use in the industrial applications and road surfacing further augmenting the worldwide bitumen market share.
Considering applications, the global bitumen market can be classified into four major categories namely, waterproofing, roadways, insulations, and adhesives. In 2015, the waterproofing segment was valued at over USD 9 billion and is likely to showcase substantial growth owing to its wide uses as in roofing & piping. Developing standard of living paired with increasing population is driving the construction industry which in turn is enhancing the worldwide bitumen market share.
Browse key industry insights from the report, “bitumen market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/bitumen-market
Considering geography, in the global bitumen market, North America holds a significant share owing to the increase in governmental initiatives for redevelopment and repairs of existing roads in this region. Asia Pacific is likely to witness gains with a decent CAGR of close to 5% owing to development and construction activities in countries like India, Japan and China. Latin America and Middle East & Africa are likely to be the next emerging markets due to the increasing infrastructural development in these regions.
Key players operating in the global bitumen market include Indian Oil Corporation, Chevron Texaco, Total S.A, British Petroleum, Nynas, Exxon Mobil, Marathon Oil, China Petroleum and Chemical, Villas Austria, NuStar Energy, Bouygues, Petroleos Mexicanos, JX Nippon Oil & Energy, and Royal Dutch Shell to name a few.
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Bitumen market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons & revenue in USD million from 2013 to 2024, for the following segments:
Global Bitumen Market By Product
o Paving Bitumen
o Oxidized Bitumen
o Cutback Bitumen
o Bitumen Emulsion
o Polymer Modified Bitumen (PMB)
o Others
Global Bitumen Market By Application
o Roadways
o Waterproofing
o Adhesives
o Insulation
o Others
The above information is provided on a regional and country basis for the following:
o North America
§ U.S.
§ Canada
o Europe
§ Germany
§ UK
§ France
§ Spain
§ Italy
o Asia Pacific
§ China
§ India
§ Japan
§ Australia
§ Indonesia
§ Malaysia
o Latin America
§ Brazil
§ Mexico
o MEA
§ South Africa
§ GCC
Report Content
Chapter 6 Bitumen Regional Insights
6.1 Bitumen market share by region, 2015 & 2024
6.2 North America
6.2.1 North America market estimates and forecast, 2013 - 2024
6.2.2 North America market estimates by product, 2013 - 2024
6.2.3 North America market estimates by application, 2013 - 2024
6.2.4 U.S.
6.2.4.1 U.S market estimates and forecast, 2013 - 2024
6.2.4.2 U.S. market estimates by product, 2013 - 2024
6.2.4.3 U.S. market estimates by application, 2013 - 2024
6.2.5 Canada
6.2.5.1 Canada market estimates and forecast, 2013 - 2024
6.2.5.2 Canada market estimates by product, 2013 - 2024
6.2.5.3 Canada market estimates by application, 2013 - 2024
6.3 Europe
6.3.1 Europe market estimates and forecast, 2013 - 2024
6.3.2 Europe market estimates by product, 2013 - 2024
6.3.3 Europe market estimates by application, 2013 - 2024
6.3.4 Germany
6.3.4.1 Germany market estimates and forecast, 2013 - 2024
6.3.4.2 Germany market estimates by product, 2013 - 2024
6.3.4.3 Germany market estimates by application, 2013 - 2024
6.3.5 UK
6.3.5.1 UK market estimates and forecast, 2013 - 2024
6.3.5.2 UK market estimates by product, 2013 - 2024
6.3.5.3 UK market estimates by application, 2013 – 2024
6.3.6 France
6.3.6.1 France market estimates and forecast, 2013 - 2024
6.3.6.2 France market estimates by product, 2013 - 2024
6.3.6.3 France market estimates by application, 2013 - 2024
6.3.7 Spain
6.3.7.1 Spain market estimates and forecast, 2013 - 2024
6.3.7.2 Spain market estimates by product, 2013 - 2024
6.3.7.3 Spain market estimates by application, 2013 - 2024
6.3.8 Italy
6.3.8.1 Italy market estimates and forecast, 2013 - 2024
6.3.8.2 Italy market estimates by product, 2013 - 2024
6.3.8.3 Italy market estimates by application, 2013 - 2024
6.4 Asia Pacific
6.4.1 Asia Pacific market estimates and forecast, 2013 - 2024
6.4.2 Asia Pacific market estimates by product, 2013 - 2024
6.4.3 Asia Pacific market estimates by application, 2013 - 2024
6.4.4 China
6.4.4.1 China market estimates and forecast, 2013 - 2024
6.4.4.2 China market estimates by product, 2013 - 2024
6.4.4.3 China market estimates by application, 2013 - 2024
6.4.5 India
6.4.5.1 India market estimates and forecast, 2013 - 2024
6.4.5.2 India market estimates by product, 2013 - 2024
6.4.5.3 India market estimates by application, 2013 - 2024
6.4.6 Japan
6.4.6.1 Japan market estimates and forecast, 2013 - 2024
6.4.6.2 Japan market estimates by product, 2013 - 2024
6.4.6.3 Japan market estimates by application, 2013 - 2024
6.4.7 Australia
6.4.7.1 Australia market estimates and forecast, 2013 - 2024
6.4.7.2 Australia market estimates by product, 2013 - 2024
6.4.7.3 Australia market estimates by application, 2013 – 2024
6.4.8 Indonesia
6.4.8.1 Indonesia market estimates and forecast, 2013 - 2024
6.4.8.2 Indonesia market estimates by product, 2013 - 2024
6.4.8.3 Indonesia market estimates by application, 2013 – 2024
6.4.9 Malaysia
6.4.9.1 Malaysia market estimates and forecast, 2013 - 2024
6.4.9.2 Malaysia market estimates by product, 2013 - 2024
6.4.9.3 Malaysia market estimates by application, 2013 - 2024
6.5 Latin America (LATAM)
6.5.1 Latin America market estimates and forecast, 2013 - 2024
6.5.2 Latin America market estimates by product, 2013 - 2024
6.5.3 Latin America market estimates by application, 2013 - 2024
6.5.4 Brazil
6.5.4.1 Brazil market estimates and forecast, 2013 - 2024
6.5.4.2 Brazil market estimates by product, 2013 - 2024
6.5.4.3 Brazil market estimates by application, 2013 - 2024
6.5.5 Mexico
6.5.5.1 Mexico market estimates and forecast, 2013 - 2024
6.5.5.2 Mexico market estimates by product, 2013 - 2024
6.5.5.3 Mexico market estimates by application, 2013 - 2024
6.6 Middle East & Africa (MEA)
6.6.1 MEA market estimates and forecast, 2013 - 2024
6.6.2 MEA market estimates by product, 2013 - 2024
6.6.3 MEA market estimates by application, 2013 – 2024
6.6.4 South Africa
6.6.4.1 South Africa market estimates and forecast, 2013 - 2024
6.6.4.2 South Africa market estimates by product, 2013 - 2024
6.6.4.3 South Africa market estimates by application, 2013 - 2024
6.6.5 GCC
6.6.5.1 GCC market estimates and forecast, 2013 - 2024
6.6.5.2 GCC market estimates by product, 2013 - 2024
6.6.5.3 GCC market estimates by application, 2013 – 2024
Chapter 7 Company Profiles
7.1 British Petroleum
7.1.1 Business Overview
7.1.2 Financial Data
7.1.3 Product Landscape
7.1.4 Strategic Outlook
7.2 Total S.A
7.2.1 Business Overview
7.2.2 Financial Data
7.2.3 Product Landscape
7.2.4 Strategic Outlook
7.3 Chevron Texaco Corporation
7.3.1 Business Overview
7.3.2 Financial Data
7.3.3 Product Landscape
7.4 Valero Energy Corporation
7.4.1 Business Overview
7.4.2 Financial Data
7.4.3 Product Landscape
7.4.4 Strategic Outlook
7.5 China Petroleum and Chemical Corporation
7.5.1 Business Overview
7.5.2 Financial Data
7.5.3 Product Landscape
7.5.4 Strategic Outlook
7.6 Indian Oil Corporation
7.6.1 Business Overview
7.6.2 Financial Data
7.6.3 Product Landscape
7.6.4 Strategic Outlook
7.7 Royal Dutch Shell Plc
7.7.1 Business Overview
7.7.2 Financial Data
7.7.3 Product Landscape
7.7.4 Strategic Outlook
7.8 JX Nippon Oil & Energy Corporation
7.8.1 Business Overview
7.8.2 Financial Data
7.8.3 Product Landscape
7.8.4 Strategic Outlook
7.9 Petroleos Mexicanos
7.9.1 Business Overview
7.9.2 Financial Data
7.9.3 Product Landscape
7.9.4 Strategic Outlook
7.10 Bouygues S.A.
7.10.1 Business Overview
7.10.2 Financial Data
7.10.3 Product Landscape
7.10.4 Strategic Outlook
7.11 NuStar Energy
7.11.1 Business Overview
7.11.2 Financial Data
7.11.3 Product Landscape
7.11.4 Strategic Outlook
7.12 Villas Austria GmbH
7.12.1 Business Overview
7.12.2 Financial Data
7.12.3 Product Landscape
7.12.4 Strategic Outlook
7.13 Marathon Oil Corporation
7.13.1 Business Overview
7.13.2 Financial Data
7.13.3 Product Landscape
7.13.4 Strategic Outlook
7.14 Exxon Mobil Corporation
7.14.1 Business Overview
7.14.2 Financial Data
7.14.3 Product Landscape
7.14.4 Strategic Outlook
7.15 Nynas AB.
7.15.1 Business Overview
7.15.2 Financial Data
7.15.3 Product Landscape
7.15.4 Strategic Outlook
7.16 Kraton Corporation
7.16.1 Business Overview
7.16.2 Financial Data
7.16.3 Product Landscape
7.16.4 Strategic Outlook
Browse full Table of Content @ https://www.gminsights.com/toc/detail/bitumen-market
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology
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