Bitumen Market 2017-2026: Top Key Players In Global Market- Exxon Mobil, Nippon Oil Corporation, Chevron Texaco Corporation, Total S.A, China Petroleum and Chemical Corporation, NuStar Energy

The Global Bitumen Market is projected to grow at a faster rate owning to the continuous increase in the construction industry, especially in Asia Pacific.

Bitumen is a black, amorphous material found in different forms, such us rock asphalt, natural bitumen, tar and petroleum bitumen, which is derived from oil. Bitumen occurs in nature or can be obtained through petroleum processing in the form of residue. Bitumen is primarily used in road construction and repairing of road damage. It is also used in joint and sealing technology for concrete and asphalt surfaces. Concrete containing bitumen is used in the construction sector. Other applications of bitumen include waterproofing, insulation, and adhesives.

Get Sample Copy of this Report @ https://www.polarismarketresearch.com/industry-analysis/bitumen-market/request-for-free-sample

Key players in the global Bitumen market are:

• Exxon Mobil
• Nippon Oil Corporation
• Chevron Texaco Corporation
• Total S.A
• China Petroleum and Chemical Corporation
• NuStar Energy
• Royal Dutch Shell Plc
• Indian Oil Corporation
• British Petroleum
• Villas Austria GmbH
• Sinopec
• Nynas AB

Increasing urbanization and growing demand from the construction sector boosts the Bitumen market

The growing demand for bitumen for road construction primarily drives the growth of the bitumen market. There has been an increased demand of bitumen from the construction sector, which supports the market growth. The growing construction sector, especially in Asia-Pacific region boosts the adoption of bitumen. The increasing development of infrastructure further supports the growth of the bitumen market. Rapid urbanization in emerging markets, and improving living standards boost the adoption of bitumen. There has been an increased demand of bitumen in emerging economies owing to growth in construction industry and infrastructure development. Global players are expanding their business in developing region to increase their customer base and improve the geographical outreach.

Make an Inquiry @ https://www.polarismarketresearch.com/industry-analysis/bitumen-market/inquire-before-buying

On the basis of geography, Asia-Pacific is expected to dominate the global bitumen market during the forecast period. The increasing industrialization, and growing construction industry is expected to drive the growth of the bitumen market in this region. The growing disposable income and improving lifestyle of consumer also accelerates the growth of the bitumen market. There has been a growing demand of bitumen for applications such as waterproofing, adhesives, and insulation among others in the region. Increasing initiatives and investments by governments in the region infrastructure development boost the adoption of bitumen in the region.

Request for an in-depth table of contents for this report @ https://www.polarismarketresearch.com/industry-analysis/bitumen-market/

About us Polaris Market Research

Polaris Market Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients present globally. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities.

We mainly focus on aiding our customers with substantial competitive intelligence, helping them to secure a competitive advantage in the market and accomplish sustainable growth in different market domains. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers. Through dedicated qualitative and quantitative primary and secondary market research and consulting assignments, we adeptly formulate competitive strategies to address business challenges for our clients through analyzing market trends and emerging technologies.

Contact us-

Mr. Neel
Corporate Sales, USA
Polaris Market Research
Phone: 1-646-568-9980
Email: sales@polarismarketresearch.com
Web: www.polarismarketresearch.com
Follow us- LinkedIn | Twitter | Facebook

This release was published on openPR.