Press release
Bitumen Market Poised to Account for US$ 94,748.2 Mn by 2022
According to a new market report published by Persistence Market Research, titled “Global Market Study on Bitumen: Paving Grade Bitumen to Hold Significant Share during the Forecast Period, 2016 - 2022 ”, the global bitumen market is estimated to reach US$ 94,748.2 Mn by 2022.
A mixture of highly sticky, black, viscous organic liquids that is entirely soluble in carbon disulfide and primarily composed of highly condensed polycyclic aromatic hydrocarbons is called bitumen. Naturally occurring bitumen is a tar-lie form of petroleum which is so dense, heavy, and thick that it must be heated or diluted before it could flow. Bitumen mostly contains sulfur and various heavy metals such as vanadium, lead, nickel, chromium, mercury, and other toxic elements.
Bitumen Market Research Report Overview @ https://www.persistencemarketresearch.com/market-research/bitumen-market.asp
Among the various regions, the market in North America is expected to account for 31.69% volume share of the overall global bitumen market, followed by APAC and Western Europe, by 2022. Due to rise in road construction activities in APAC, the bitumen market in the region is projected to expand at a higher than average CAGR of 7.0% between 2016 and 2022 in terms of revenue. The market in the MEA, which is anticipated to account for 8.21% revenue share of the overall global market by 2022 end, is expected to be driven by an increase in the use of bitumen in the paints and coatings industry in the region. The bitumen market in Latin America is estimated to witness an average increase in revenue due to lower GDP growth in the region.
Request Sample Report@ https://www.persistencemarketresearch.com/samples/10721
The hard grade segment in the global market is expected to expand at a lower than average CAGR of 3.4% in terms of volume between 2016 and 2022 when compared to the paving grade segment, which is expected to expand at a CAGR of 5.9% during the same period. Application of paving grade bitumen is expected to be the highest in APAC, due to its cost effectiveness as well as increasing road construction activities in the region. Use of oxidized grade bitumen in North America is expected to grow significantly by 3.3%, in terms of value, during the forecast period.
Download and View Report TOC, Figures and Tables @ https://www.persistencemarketresearch.com/market-research/bitumen-market/toc
By end-use, the road construction segment is expected to expand at a higher than average CAGR as compared to other end-use segments, such as waterproofing and others, both in terms of value and volume. The increase in GDP output is one of the major factors driving the market currently. The bitumen market in APAC, with an exponential increase in GDP of various developing economies of the region, is expected to witness high revenue growth during the forecast period. Meanwhile, the market in developed economies is expected to decline in the near future due to lower GDP growth, thereby implying lower consumption compared to other economies.
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com
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 Poised to Account for US$ 94,748.2 Mn by 2022 here
News-ID: 975543 • Views: …
More Releases from Persistence Market Research
Lactic Acid and Poly Lactic Acid Market Projected to Reach US$10.4 Bn by 2032 wi …
➤Overview of the Market
The global lactic acid and poly lactic acid (PLA) market is witnessing dynamic growth as industries pivot toward sustainable and bio-based solutions. Lactic acid, a naturally occurring organic acid, serves as a key building block for PLA, an environmentally friendly thermoplastic with a wide range of applications. Industries such as packaging, agriculture, textiles, and biomedical devices are increasingly adopting PLA due to its biodegradability, lower carbon footprint,…
Fulvic Acid Market to Reach US$1.8 Bn by 2032 on Back of Sustainable Agriculture …
➤ Overview of the Market
The fulvic acid market has been steadily gaining traction as industries increasingly recognize its multifaceted benefits in agriculture, dietary supplements, and environmental applications. Fulvic acid, a natural compound derived from humic substances, enhances nutrient absorption, improves soil fertility, and supports plant growth. In health and wellness, it is valued for its antioxidant, anti-inflammatory, and detoxifying properties. According to the latest study by Persistence Market Research, the…
Zika Virus Testing Market Growth Accelerates with Diagnostic Advancements, Notes …
The Zika virus testing market has grown into a crucial segment of global healthcare due to the unpredictable nature of mosquito-borne outbreaks and the virus's severe implications, particularly for maternal and fetal health. According to Persistence Market Research, the global Zika virus testing market size is projected to be valued at US$ 5.1 million in 2025 and is estimated to reach US$ 6.9 million by 2032, expanding at a CAGR…
APAC Gas Pressure Regulators Market, Strategic Insights, Key Players, and Region …
Market Overview
The APAC gas pressure regulators market has witnessed significant growth over recent years, fueled by rising industrialization, expanding energy infrastructure, and growing demand for safe and efficient gas distribution systems. Gas pressure regulators play a critical role in controlling and stabilizing gas flow and pressure across industrial, commercial, and residential applications, ensuring operational safety and efficiency. According to recent market estimates, the APAC gas pressure regulators market was valued…
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…
