Press release
Bitumen Market Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031
Bitumen is a dark, highly viscous, and sticky substance derived from crude oil through fractional distillation. It is primarily used as a binder in road construction. Bitumen is also known as "asphalt" in North America. It is also used in other applications such as electronics, roofing, and adhesives due to its resistance to water, insulation properties, and high durability. Properties of bitumen can be altered by adding polymers to it, thus increasing its application scope. There are several types of bitumen available in the global market such as cutback bitumen, oxidized bitumen.
๐๐๐๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ -
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Polymer Modified Bitumen (PMB), and bitumen emulsion. Additionally, bitumen is available as hard or soft grade depending on the viscosity. Furthermore, warm mix bitumen, hot mix bitumen, and cold mix bitumen are the different types of bitumen available in the market. They are named mix bitumen, hot mix bitumen, and cold mix bitumen depending upon the different temperatures required to melt bitumen for applications.
The report on bitumen market has been segmented into various chapters. Under each chapter, we have tackled the different aspects of the market and provided an analysis on various parameters. Preface provides a brief diagrammatic representation on the segmentation of the bitumen market. Additionally, the chapter provides a detailed description of the methodology used for research along with the scope and assumptions used in estimating as well as analyzing the future market growth.
๐๐๐ญ ๐๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ซ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ง๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐๐ -
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๐๐ข๐ญ๐ฎ๐ฆ๐๐ง ๐๐๐ซ๐ค๐๐ญ: ๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ
Apart from increased road development activities across emerging economies, the bitumen market is gaining traction from growing scope and applications of polymer modified bitumen (PMB). PMB is gaining adoption for its advantageous properties of high skid resistance, high porosity, and low noise. The roadways industry highly appreciates these advantages. Therefore, demand for PMB has been rising.
On the other hand, environmental concerns pertaining to the extraction of bitumen and emergence of some of the viable alternatives are expected to curtail the progress of the bitumen market in the near future. Nevertheless, the analyst of the report has foreseen the development of bio-based bitumen to open vast new opportunities. The trend across all industries is to be ecofriendly and the bitumen market players need to devise ways to sustain their industry in an environment-friendly manner.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก -https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=295
๐๐ข๐ญ๐ฎ๐ฆ๐๐ง ๐๐๐ซ๐ค๐๐ญ: ๐๐ซ๐จ๐ฆ๐ข๐ง๐๐ง๐ญ ๐๐๐ ๐ข๐จ๐ง๐ฌ
Geographically, Asia Pacific has been highlighted as the region with enormous potential, although North America provided for greater demand for bitumen as of 2020. This growth was primarily driven by high demand from the U.S. for repair and redevelopment of existing roads. However, the market in Asia Pacific is expected to witness lucrative growth, owing to increasing initiatives for infrastructure development in the region.
๐๐ข๐ญ๐ฎ๐ฆ๐๐ง ๐๐๐ซ๐ค๐๐ญ: ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
Detailed profiles of certain leading companies are provided in the report, along with a detailed analysis of their market share. Leading companies in the market include Shell Bitumen, NuStar Energy, ExxonMobil, Marathon Oil Company, Valero Energy Corporation, and Nynas AB. Company profiles include attributes such as company overview, financial overview, SWOT analysis, business strategies, and recent developments.
๐๐ฅ๐จ๐๐๐ฅ ๐๐ข๐ญ๐ฎ๐ฆ๐๐ง ๐๐๐ซ๐ค๐๐ญ: ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
Bitumen Market, by Product
Paving Grade Bitumen
Oxidized Bitumen
Cutback Bitumen
Bitumen Emulsion
Polymer Modified Bitumen (PMB)
Others (including Bitumen Formed Due to Addition of Zinc, Copper, etc.)
๐๐๐ฏ๐ ๐ฎ๐ฉ ๐ญ๐จ ๐๐% ๐๐ฒ ๐ฉ๐ฎ๐ซ๐๐ก๐๐ฌ๐ข๐ง๐ ๐ญ๐ก๐ข๐ฌ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ | ๐๐ฆ๐ฆ๐๐๐ข๐๐ญ๐ ๐๐๐ฅ๐ข๐ฏ๐๐ซ๐ฒ ๐๐ฏ๐๐ข๐ฅ๐๐๐ฅ๐ - https://www.transparencymarketresearch.com/checkout.php?rep_id=295
Bitumen Market, by Application
Roadways
Hard grade
Soft grade
Polymer Modified Bitumen (PMB)
Waterproofing (Roofing)
Hard Grade
Soft Grade
Polymer Modified Bitumen (PMB)
Adhesive
Insulation
Others (including Decorative and Industrial)
Bitumen Market, by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia & CIS
Rest of Europe
Asia Pacific
China
India
Japan
ASEAN
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC Countries
South Africa
Rest of Middle East & Africa
๐๐๐จ๐ฎ๐ญ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ:
Nikhil Sawlani
Transparency Market Research Inc.
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