openPR Logo
Press release

What's driving the Bitumen Market growth? | By key players Royal Dutch Shell, Total S.A., Valero Energy Corporation, Exxon Mobil Corporation, Nynas AB

What's driving the Bitumen Market growth? | By key players Royal

Increasing urbanization across the globe is steering the development of roads, highways, and motorways, especially in developing countries. In India, the government had approved over USD 29.83 million up to 2018 towards the construction of highways joining major cities in the country. Moreover, the total number of national highways had increased to 122,434 km in FY 18. Reportedly, a total of 200,000 km of national highways is to be completed by the end of 2022.

Request For Discount of this Report:

Bitumen is an integral component of asphalt, which is primarily used to build streets, roads, and to meet the requirements of other infrastructure construction activities. Owing to the evident increase in construction worldwide to meet the burgeoning demands of people, global bitumen market share is witnessing unprecedented growth.

Frontrunners in the industry:
o Royal Dutch Shell
o Total S.A.
o Valero Energy Corporation
o Exxon Mobil Corporation
o Nynas AB
o Indian Oil Corporation
o Chevron Texaco Corporation
o China Petroleum and Chemical Corporation
o Suncor Energy
o Athabasca Oil Corporation
o Bouygues S.A
o Nustar energy
o Villas Austria GmbH
o Marathon Oil Corporation
o Gazprom-Neft

Booming construction industry in Asia Pacific
In terms of geographical expansion, Asia Pacific could emerge as one of the most significant revenue grounds for bitumen industry. Surging industrial developments owing to FDIs in the region has propelled construction of SEZs, corporate offices and manufacturing units.
According to the United Nations Conference on Trade and Development (UNCTAD), in 2018, the FDI in emerging countries in Asia rose to USD 512 billion. Increasing economic developments via higher investment by foreign and regional entities will magnify the scope of construction across APAC. Subsequently, requirements for roadways, energy efficient buildings and for adhesives used in various applications, driving bitumen market demand.

Factors warranting safer use of bitumen
Bitumen when used during the construction of roads possess a serious threat to human health, if not handled safely. Exposure to the fumes may lead to severe cases of skin rashes, headaches, fatigue, reduced appetite, eye and throat irritation and skin cancer. Workers handling bitumen need to be informed regarding the hazards and safe work procedures. Suitable PPE need to be provided.

Additionally, bitumen is often handled and stored at high temperatures, making it extremely important to take fire prevention seriously. Although safety concerns have hampered bitumen consumption up to a certain extent among construction and roofing companies, the favorable properties of the material and improving construction techniques are gradually increasing its usage.

More Information About Bitumen Market Insights: Request For Sample Of This Report @

Rising development of roadways and highways to expand geographical reach of businesses and people will positively influence bitumen market share. With the government and private entities increasingly investing in enhancing the infrastructural outlook, the product will witness growing adoption.

Royal Dutch Shell, Total S.A., Valero Energy Corporation, Exxon Mobil Corporation, Nynas AB, Indian Oil Corporation, Chevron Texaco Corporation, China Petroleum and Chemical Corporation, Suncor Energy, Athabasca Oil Corporation, Bouygues S.A, Nustar energy, Villas Austria GmbH, Marathon Oil Corporation and Gazprom-Neft

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688

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.

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 What's driving the Bitumen Market growth? | By key players Royal Dutch Shell, Total S.A., Valero Energy Corporation, Exxon Mobil Corporation, Nynas AB here

News-ID: 1979715 • Views: 377

More Releases from Global Market Insights Inc.

Fluorinated Ethylene Propylene Market in U.S to achieve considerable growth in 2 …
Global Fluorinated Ethylene Propylene Market is anticipated to witness prominent growth on account of its increasing applications in the construction, renewable energy, automotive, chemical processing, and electrical & electronics industries. The product exhibits properties like greater breakdown voltage, longer life and good mechanical strength, making its application vital in electrical cable and wires that are used in power distribution lines. A noticeable rise in government initiatives to expand existing power
Conformal Coatings Market in U.S is predicted to see lucrative gains over 2020-2 …
Conformal solution market is a protective, breathable coating of polymer films ranging from 25 to 75 microns of thickness or specially chosen chemicals. The solution is used for protecting electronic circuits from extreme environments, chemical contaminations and moisture seepages. Conformal coatings are used in defense gadgets, automotive and other circuit-based applications. Conformal coatings market are electrically insulating which helps the solution maintain surface insulation resistance levels for longer times. It also
North America to procure a major share of Recyclable Thermosets Market by 2027
Consider the following: • The global landfills, in 2018, had received about 27 million tons of plastic. • Of this huge plastic dump, sources have revealed that over 91% of plastic waste dumped in landfills is non-recyclable. This means that plastic waste is expected to remain on the ground forever, leading to land pollution. Such daunting statistics have got people, as well as various government authorities, worried about the environmental degradation and health
Adhesive Films Market in U.S is expected to showcase significant growth over 202 …
Adhesive films have a widespread application range in various end-use industries such as electronics, aerospace, automotive, healthcare, and others. These are solid sheets of thermoplastic that can be cut to different sizes and used to attach large-area substrates, components, and lids. Applying this type of adhesion on substrates offer a clean and hazard-free operation with minimum waste produced. Request a sample of this research report @ There are mainly three

All 5 Releases

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 @ "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