Bitumen Market predicted to grow exponentially 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
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1100
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.
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, 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.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1100
Bitumen Market, By Application
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.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
4. Valero Energy Corporation
5. China Petroleum and Chemical Corporation
6. Indian Oil Corporation Limited
8. JX Nippon Oil & Energy Corporation
10. Bouygues Group
11. NuStar Energy L.P.
12. Villas Austria GmbH
13. Marathon Oil Corporation
15. Nynas AB.
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:
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.
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
This release was published on openPR.
Permanent link to this press release:
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 Market predicted to grow exponentially 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: 1644140 • Views: 486
More Releases from Global Market Insights, Inc.
Global sodium metasilicate pentahydrate market size by 2025 | Top Companies are …
Global Market Insights, Inc., says that sodium metasilicate pentahydrate market may exceed USD 875 million by 2025. Sodium metasilicate pentahydrate market is expected to accrue momentous proceeds from the cement industry. The product is used as a connecting agent in the making of refractory cement & can enable properties such as chemical and heat resistance and hardness. It has also found application in the cosmetic, textile, ceramics, chemical production, and
Vinyl ester market Growth in Europe, Impact Covid19 and Top key players like Swa …
Vinyl ester market to be fueled by increasing deployment of wind energy facilities, Europe to emerge as a pivotal revenue pocket. In 2017, Europe marked a growth of 25% in the wind power plant capacity annual installation as compared to 2016. Whereas wind energy was the second-largest source of power generation power in the year 2016 in Europe. Nations worldwide are actively aligning their focus toward the deployment of wind
Biaxially Oriented Polypropylene (BOPP) Market Size, Share by key players like B …
Biaxially oriented polypropylene (BOPP) market size to reach USD 20 billion by 2024. Growing focus on superior packaging for the protection of delicate good, foods, medicines, and others will favor BOPP business growth in the coming years. Rapid proliferation of e-commerce platforms along with changing consumer spending trends will drive biaxially oriented polypropylene (BOPP) market outlook. In a world of constantly-changing lifestyles, consumers expect products to be shatter-proof, lightweight, aesthetically appealing,
Titanium Dioxide Market to see 7%+ CAGR over 2021-2026 | Key Players are Tronox …
Titanium Dioxide Market growth will be driven by rising expansion activities in the paints & coatings sector and proliferating application in paper & pulp industry. For years, titanium dioxide (TiO₂) has been used in the manufacturing of numerous consumer products across various industries. The product finds applications in paints, adhesives, coatings, paper, rubber, printing inks, textiles, coated fabrics, ceramics, roofing materials, floor coverings, and cosmetics. Surging in product demand across
More Releases for Corporation
What's driving the Global Photovoltaic Market trends? Mitsubishi Electric Corpor …
The global photovoltaic market accounted for US$.153.99 Bn in 2018 and is expected to grow at a CAGR of 19.8% during the forecast period 2019 - 2027, to account to US$ 768.1 Bn by 2027. Some of the players present in global photovoltaic market are Mitsubishi Electric Corporation, Panasonic Corporation, Kaneka Corporation, Kyocera Corporation, Sharp Corporation, JA Solar Co. Ltd, Renesola Co. Ltd, Trina Solar, Jinko Solar, and Shunfeng International
Endoscopy Visualization System Market 2018 |Fujifilm Holding Corporation, Conmed …
Market Research Hub (MRH) has carefully analyzed this research study titled Endoscopy Visualization System Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028, which is available on its online portal. The aim of this assessment is to highlight the various projections expected to occur in the global market for Endoscopy Visualization System Market. Readers can gain knowledge related to prime market facets such as market size, Y-o-Y growth and market
Blockchain Market Covers Leading Manufacturer IBM Corporation, Microsoft Corpora …
Blockchain technology is a decentralized software program that enables protected digital transactions of digital currencies such as Bitcoin. Download PDF To explore detail study @ https://www.coherentmarketinsights.com/insight/request-pdf/1113 "Applications Of Blockchain Market" Blockchain permits applicants to authenticate and review transactions. Blockchain-based transactions of value can be completed in faster way, more safely, and economically than conventional transaction systems. Rising popularity of these ledger chains has led to a significant increase in total capital
Enterprise Information Management (EIM) Market 2021 - IBM Corporation, Oracle Co …
Enterprise Information Management (EIM) is the combined power of analytics or business intelligence and content management. Large companies often have separate applications for each of these segments, and EIM seeks to combine them in a more integrated way to remove silos. Organizations that are developing EIM strategies and capabilities are focused on reducing costs and improving efficiencies. The global EIM market has increased over the years and is expected to
Cloud Backup Market Key Players - Microsoft Corporation, Oracle Corporation, IBM …
Market Highlights: The Global Cloud Backup Market is growing with the rapid pace; mainly due to the increasing demand for low cost and reliable storage facility. According to a recent study report published by the Market Research Future, the global market of cloud backup is growing rapidly and expected to gain prominence over the forecast period. The market is projected to demonstrate a remarkable growth by 2023, beating its previous
Global Enterprise Content Management Market 2016 - EMC Corporation, IBM Corporat …
To begin with, the report defines the Enterprise Content Management market and segments it based on the most important dynamics, such as applications, geographical/regional markets, and competitive scenario. Furthermore Enterprise Content Management market report provides detail analysis, forecast, Size, share, outlook, current trends, market demand, market growth. Macroeconomic and microeconomic factors environments that currently prevail and also those that are projected to emerge are covered in this report. This report