openPR Logo
Press release

Global Bitumen Market to cross $112bn by 2025 | Top Key Players: Shell, PEMEX, Bouygues Group, BP, Total, Chevron, ExxonMobil, Valero Energy Corporation, NuStar Energy L.P., Marathon Oil Corporation, Indian Oil Corporation Limited

Bitumen Market

Bitumen Market

Based on volume, roadways segment will capture more than 80% of the bitumen market share during the forecast period. The adhesives segment is predicted to poise over USD 1.7 billion by 2025. Rapid urbanization and recovery of construction sector owing to the government’s policy to increase private sector participation is a boon to infrastructure industry especially in developing countries such as India, Thailand among others. The waterproofing segment revenue will capture a market share of around 11% by the end of 2025.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1100

Bitumen Market size will surpass USD 112 billion by 2025; according to a new research report by Global Market Insights, Inc. In construction sector, bitumen is among the major raw materials used in manufacturing water tanks, dams and bridges since it provides high viscosity, stickiness and water resistance to the structure. The escalating number of property renovation projects and modern construction systems especially in North America & Europe having waterproofed flat roofs will further stimulate the demand for bitumen. Rapid urbanization in developing regions such as Asia Pacific and Latin America comprises a huge market for road construction, development and infrastructure. Increasing land connectivity in China, India, Vietnam, Japan, Brazil and several such other countries will gradually drive the bitumen market during the forecast spell. This connectivity majorly depends on roads that act as a catalyst for the economic growth of a country.

Stringent regulatory compliances concerning to the extraction of bitumen and introduction of some of the feasible alternatives to the product like concrete is expected to hinder the progress of the bitumen market in the near future. Moreover, development of bio-based product like bio-asphalt may slow down the bitumen market growth over the forecast period.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. BP
2. Total
3. Chevron
4. Valero Energy Corporation
5. China Petroleum and Chemical Corporation
6. Indian Oil Corporation Limited
7. Shell
8. JX Nippon Oil & Energy Corporation
9. PEMEX
10. Bouygues Group
11. NuStar Energy L.P.
12. Villas Austria GmbH
13. Marathon Oil Corporation
14. ExxonMobil
15. Nynas AB.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1100

With around 70% of the market share, paving bitumen will witness growth at a significant pace owing to its huge popularity for road construction and maintenance. The oxidized bitumen will be held at close to USD 11 billion by the end of the forecast spell owing to its rising usage in the piling industry, for producing roofing felts used in waterproofing and roofing industries, electric cable joint protection, sound dampening felts, joint filling compound, sealant compound, under carriage sealant and others.

Based on volume, North America driven by U.S. will exhibit growth with a CAGR of around 2.5%. The regional oxidized bitumen market is said to capture close to USD 3.2 billion by the end of forecast spell.

Global bitumen market is consolidated and quite competitive due to presence of several industry players. Some crucial players in the industry are Chevron Texaco Corporation, Indian Oil Corporation, China Petroleum and Chemical Corporation, Total, JX Nippon Oil & Energy Corporation, British Petroleum, Royal Dutch Shell, Petroleos Mexicanos, Marathon Oil Corporation, NuStar Energy, Villas Austria, Bouygues, Nynas, Exxon Mobil, Imperial Oil.

Bitumen Market, By Product
o Paving bitumen
o Roadways
o Waterproofing
o Adhesives
o Insulation
o Others
o Oxidized bitumen
o Roadways
o Waterproofing
o Adhesives
o Insulation
o Others
o Cutback bitumen
o Roadways
o Waterproofing
o Adhesives
o Insulation
o Others
o Bitumen Emulsion
o Roadways
o Waterproofing
o Adhesives
o Insulation
o Others
o Polymer Modified Bitumen (PMB)
o Roadways
o Waterproofing
o Adhesives
o Insulation
o Others
o Others
o Roadways
o Waterproofing
o Adhesives
o Insulation
o Others

Bitumen Market, By Application
• Roadways
• Waterproofing
• Adhesives
• Insulation
• Others

Browse key industry insights spread across 300 pages with 451 market data tables & 24 figures & charts from the report, “Bitumen Market” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/bitumen-market

About Global Market Insights

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.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: http://technologymagazine.org/

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 Global Bitumen Market to cross $112bn by 2025 | Top Key Players: Shell, PEMEX, Bouygues Group, BP, Total, Chevron, ExxonMobil, Valero Energy Corporation, NuStar Energy L.P., Marathon Oil Corporation, Indian Oil Corporation Limited here

News-ID: 1608659 • Views: 288

More Releases from Global Market Insights, Inc.

Hypochlorite Bleaches Market to hit US$ 300 Mn 2025 | Top Key Players like Adity …
As per the research report by Global Market Insights, Inc., Global Hypochlorite Bleaches Market to cross USD 300 million by 2025 and grow at 3.4% CAGR from 2019 to 2025. It has been projected that the Global hypochlorite bleaches market is expected to reach a consumption of around 485-kilo tons by 2025. Water scarcity as well as rising water costs have led to more emphasis being laid on water recycling and
Feminine Hygiene Products Market: Growing awareness regarding intimate health in …
Global Market Insights, Inc., announces an ongoing comprehensive report on the Feminine Hygiene Products Market. One of the most hushed topics across the world is female hygiene, the negligence of which results in several diseases. Studies claim that nearly 30% to 60 % women across the globe develop urinary tract infection once in their lifetime, mainly due to negligence in proper intimate hygiene. Dearth of knowledge regarding the negative consequences of
Examination Gowns Market 2020 business trends & growth opportunities to 2026
Global Market Insights, Inc., announces an ongoing comprehensive report on the Examination Gowns Market. The exposure to various kinds of hospital acquired infections has led to a spate of health problems for the healthcare professionals as well has the patients. In this regard, experts have been massively shifting to adoption of personal protective equipment or clothing, examination gowns, protecting them from all kinds of infections. These gowns are present in the
Nonwoven Packaging Market to witness increased demand from pharmaceutical sector …
Global Market Insights, Inc., announces an ongoing comprehensive report on the Nonwoven Packaging Market. With the world struggling to fight against negative consequences of industrialization and increased carbon emissions, nonwovens or nonwoven fabrics have emerged as an intrinsic solution for all ecological imbalances across the globe. These fabrics are made from staple fiber and long fibers, merged together by chemical, heat, or mechanical treatment. These are generally used in textile manufacturing

All 5 Releases


More Releases for Bitumen

Modified Bitumen Market Higher Profit Flabbergast 2025
Global Modified Bitumen Market : Snapshot Modified bitumen is chemically designed to provide optimum properties that they can offer. One of the more commonly desired properties in modified bitumen is high resistance to permanent deformation, especially in the case of mixtures of asphalt that is being used to create roads in locations that are harsh or hold a high traffic flow. The use of modifying binders in conventional bitumen allows it
Modified Bitumen Market SWOT Prophesy 2025
Global Modified Bitumen Market : Snapshot Modified bitumen is chemically designed to provide optimum properties that they can offer. One of the more commonly desired properties in modified bitumen is high resistance to permanent deformation, especially in the case of mixtures of asphalt that is being used to create roads in locations that are harsh or hold a high traffic flow. The use of modifying binders in conventional bitumen allows it
Modified Bitumen Market forging inclined demand 2025
Global Modified Bitumen Market : Snapshot Modified bitumen is chemically designed to provide optimum properties that they can offer. One of the more commonly desired properties in modified bitumen is high resistance to permanent deformation, especially in the case of mixtures of asphalt that is being used to create roads in locations that are harsh or hold a high traffic flow. The use of modifying binders in conventional bitumen allows it
Bitumen Market Notable Share,Growth by 2025
Global Bitumen Market: Snapshot The bitumen market is indirectly related to the GDP due to its widespread usage in road construction, industrial applications, and waterproofing. Robust growth of the construction sector primarily owing to government initiatives to improve infrastructure is positively impacting the bitumen market. This is because bitumen possess certain properties that are inbuilt at the time of its manufacture. Bitumen as a raw material in flexible road construction and
Bitumen Market to reach $110bn by 2024
Paving Bitumen Market size is shall witness gains at over 2.5% CAGR by 2024 due to rapid road maintenance and construction across the globe. Bitumen Market share is set to exceed USD 110 billion by 2024; according to a new research report by Global Market Insights, Inc. The global bitumen market size is chiefly driven by increasing government spending towards road construction, maintenance and repair. It is widely used as binder
Bitumen Market : Industry Analysis & Opportunities 2017 - 2025
Global Bitumen Market: Snapshot The bitumen market is indirectly related to the GDP due to its widespread usage in road construction, industrial applications, and waterproofing. Robust growth of the construction sector primarily owing to government initiatives to improve infrastructure is positively impacting the bitumen market. This is because bitumen possess certain properties that are inbuilt at the time of its manufacture. Bitumen as a raw material in flexible road construction and