Press release
Bitumen Market Size Forecasted To Achieve $71 Billion By 2029 With Steady Growth
Bitumen
What Is the Bitumen Market Size and Projected Growth Rate?
The Bitumen Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Bitumen Market Size and Projected Growth Rate?
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=11965
What Are the Major Segments in the Bitumen Market?
The bitumen market covered in this report is segmented -
1) By Product Type: Paving Grade, Hard Grade, Oxidized Grade, Bitumen Emulsions, Polymer Modified Bitumen, Other Products
2) By Application: Roadways, Waterproofing, Adhesives, Insulation, Other Applications
3) By End-Use Sector: Non-Residential, Residential, Other End-Users
Subsegments:
1) By Paving Grade: PG 64-22, PG 58-28, PG 70-28
2) By Hard Grade: Hard Bitumen, Extra Hard Bitumen
3) By Oxidized Grade: Oxidized Bitumen, Speciality Oxidized Bitumen
4) By Bitumen Emulsions: Cationic Emulsions, Anionic Emulsions
5) By Polymer Modified Bitumen (PMB): SBS Modified Bitumen, EVA Modified Bitumen, Other Polymer Modifications
6) By Other Products: Cutback Bitumen, Specialty Bitumen Products
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=11965&type=smp
What Are The Driving Bitumen Market Evolution?
The rise in road construction activities is set to boost the expansion of the bitumen market in the foreseeable future. The term "road construction activities" encapsulates all operations and tasks involved in the creation, enhancement and preservation of roads and highways. Bitumen plays a pivotal part in these activities by fulfilling several roles - it works as a binder, offers waterproofing, flexibility, weather resistance, skid resistance, and facilitates easier construction and maintenance. For example, Global Australia Highlights, an intergovernmental entity based in Australia, reported in November 2022 that the 2022-23 government budget pledged $12.04 billion (A$17.9 billion) over the coming decade towards substantial infrastructure ventures nationwide, which include considerable allocations for road and rail project. Major public infrastructure projects are expected to see an investment of over $146.72 billion (A$218 billion) between 2021 and 2025. Similarly, as per Global X ETF, a fund management company located in the United States, the country took a remarkable stride towards ameliorating its infrastructure in November 2021 through the $1.2 trillion Infrastructure Investment and Jobs Act (IIJA). The IIJA aims to deploy $550 billion in the subsequent decade to enhance roads, bridges, airports, and railroads, expand clean drinking water and broadband internet accessibility, and uphold environmental justice. Conclusively, the escalating road construction activities are fostering the growth of the bitumen market.
Which Firms Dominate The Bitumen Market Segments?
Major companies operating in the bitumen market include Sinopec Corporation, ExxonMobil Corporation, Royal Dutch Shell plc, Total Energies SE, BP plc, ConocoPhillips Co, PJSC Rosneft Oil Company, Cenovus Energy Inc., Bouygues Group, Imperial Oil Limited, Suncor Energy Inc., MOL Group, Nynas AB, Gazprom-Neft, Teck Resources Limited, Indian Oil Corporation Ltd., Syncrude Canada Ltd., MEG Energy Corp, Soprema Group, NuStar Energy L.P, Athabasca Oil Corporation, NIS Group, Compania Espanola de Petroleos SA (CEPSA), CertainTeed Corp., Asphalt Materials Inc., The Richmond Group, Karnak Corp., Sunshine Oilsands Ltd., GOYAL Group of Companies
What Trends Are Expected to Dominate the Bitumen Market in the Next 5 Years?
The advancement of bio-based bitumen is emerging as a significant trend within the bitumen market. Companies involved in this market are creating new products to uphold their market status. For example, Tarmac, a UK-based company dedicated to sustainable building materials and manufacturing solutions, crafted bio-bitumen, a form of algae-based bitumen, in May 2024. This was designed as an environmentally-friendly substitute for the standard petroleum-derived bitumen typically used in road construction. This pioneering approach takes advantage of algae's inherent ability to sequester carbon, substantially reducing the carbon footprint of bitumen production. It also ensures that even though the bio-bitumen is eco-friendly, it still maintains crucial characteristics like durability, water resistance and recyclability.
Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/bitumen-global-market-report
Which Is The Largest Region In The Bitumen Market?
Asia-Pacific was the largest region in the bitumen market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bitumen market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Bitumen Market?
2. What is the CAGR expected in the Bitumen Market?
3. What Are the Key Innovations Transforming the Bitumen Industry?
4. Which Region Is Leading the Bitumen Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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 Bitumen Market Size Forecasted To Achieve $71 Billion By 2029 With Steady Growth here
News-ID: 3995696 • Views: …
More Releases from The Business Research Company
Emerging Trends to Reshape the Vertical Farming Market: Technological Advancemen …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Vertical Farming Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The size of the vertical farming market has seen rapid growth in recent years. Predictions estimate it will increase from $7.74 billion in 2024 to $9.55 billion in 2025. This represents a compound annual growth…
Plant Breeding And CRISPR Plants Market Landscape to 2034: Key Forces Shaping th …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Plant Breeding And CRISPR Plants Market Size By 2025?
In recent years, the market size for plant breeding and CRISPR plants has seen considerable growth. It stands projected to escalate from $13.56 billion in 2024 to a noteworthy $15.5 billion in 2025, boasting a compound…
Soaring Demand Set to Propel Livestock Monitoring Market to $7.14 Billion by 202 …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Livestock Monitoring Market Through 2025?
In recent times, there has been a significant increase in the livestock monitoring market size. The market, which stands at $3.48 billion in 2024, is projected to rise to $3.94 billion by 2025, depicting a compound annual…
Emerging Trends to Drive Forestry And Logging Market Growth at 7.9% CAGR Through …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Forestry And Logging Market Size Growth Forecast: What to Expect by 2025?
The market size for forestry and logging has seen a substantial growth in the past couple of years. It is expected to increase from $980.05 billion in 2024 to $1055.36 billion in 2025, with a compound annual…
More Releases for Bitumen
Key Influencer in the Bitumen Market 2025: Growing Road Construction Activities …
How Are the key drivers contributing to the expansion of the bitumen market?
The rise in road construction endeavors is anticipated to boost the advancement of the bitumen market. Activities in road construction encompass the various methods and operations employed in the development, enhancement, and upkeep of roads and highways. Bitumen contributes to these activities by serving as a binder and providing water resistance, flexibility, resistance to weather conditions, skid resistance,…
Netherlands Bitumen Market: 2024, Share & Size Analysis, Growth, Trends, Report …
According to a new report published by CoherentMI The Netherlands Bitumen Market is estimated to be valued at USD 13.81 Bn in 2024 and is expected to reach USD 20.43 Bn by 2031, growing at a CAGR of 4.60% from 2024 to 2031.
Most recent Report, named "Netherlands Bitumen Market" Patterns, Offer, Size, Development, Opportunity and Forecast 2024-2031, by CoherentMI offers a complete investigation of the business, which includes bits of…
bitumen 60/70
What is Bitumen 60/70?
Bitumen 60/70 means penetration of bitumen is between 60 to 70 0.mm. It is produced by blowing hot air onto vacuum bottom residue, resulting in a penetration value of 160 to 220, making it very soft. Heating the raw material can increase its hardness and decrease penetration. This type of bitumen is commonly used in road construction, paving, waterproofing, and coating.
Differences of bitumen 60/70 with bitumen 80/100
Bitumen…
Africa Bitumen Market to Witness Huge Growth by 2028: Royal Dutch Shell Plc., RA …
Description
New Research Study ""Africa Bitumen Market 2022 analysis by Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges and Investment Opportunities), Size, Share and Outlook"" has been added to Coherent Market insight
The Global Africa Bitumen Market 2022 Research Report is a thorough analysis of the Africa Bitumen industry's current state of affairs.
The report gives a fundamental overview of the sector, comprehensive with definitions and classifications. The Africa Bitumen market analysis is offered…
COVID-19 Study: Bitumen Emulsifier Market | Modified Bitumen Emulsion Is Predict …
As per a new report published by Research Dive, the global bitumen emulsifier market is set to generate a revenue of $154.3 million by 2026, at a CAGR of 3.9% during the forecast period from 2019 to 2026. The segmentation of the market has been done on the basis of type, type of setting, application, end use, and region. The report provides in-depth insights on drivers, vital segments, opportunities, restraints,…
APAC (Asia-Pacific) Bitumen Market Accounted for 31% Volume Share of Global Bitu …
According to Goldstein Research, APAC Bitumen market is expected to reach USD 34.1 billion by the end of 2024, growing at a CAGR of 6.59%. The growing infrastructure projects and maintenance of existing ones are the major driving force in the growing demand for bitumen across the APAC region. APAC Bitumen market segmentation has been done on the basis of grades, product, application, and countries. Road construction accounted for the…
