Bitumen Market | Industry Research Report Till 2024

in #bitumen7 years ago

Bitumen Market report provides the precise and in-depth study of the current market picture and the predicted future of the industry. The report serves the detailed study on the market share, growth, trends and forecast for the period of 2017-2024. Further, the report also offers a detailed analysis of the market segments and regions along with the insights about factors influencing the market trend.

The report gives the clear picture of current Bitumen Market scenario and the predicted future of the industry. The report focuses on the basis of market drivers, restraints, growth, trends and forecast for the period of 2017-2024. In addition, the report also maps the market performance by value chain analysis which will help in better product differentiation along with the analysis of each segment in terms of opportunity, market attractiveness index and growth rate.

Bitumen is a residual product from the fractional distillation of crude oil in petroleum refining. It is an organic compound, which is used as an engineering material. These compounds are very complex combinations of molecules that contain high proportions of hydrocarbons. It is a dark, highly viscous and sticky material in nature.

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Bitumen is produced according to grade specification tailored to the needs of the consuming industries either by refining or by blending. Specifications are carried to test the safety, solubility, viscoelasticity and durability of this compound. Under varying temperature conditions, these physical properties are designed for optimization in performance. It is often confused with coal-tar pitches / petroleum pitches or natural / lake asphalt.

Based on the products, the bitumen market can be segmented as paving bitumen, oxidized bitumen, cutback bitumen, bitumen emulsion, polymer modified bitumen (PMB), and others. This organic compound has various applications like roadways, waterproofing (roofing), adhesives, insulation, and others (decorative, industrial uses). Based on various grade specifications this market is segmented as hard grade, soft grade, and polymer modified bitumen (PMB).

Geographically, bitumen market is spread worldwide in the regions of North America, Europe, Asia Pacific, Latin America and Middle East and Africa. Asia Pacific is the fastest growing market in terms of demand for bitumen. Growing construction and infrastructure is the major driver for growth in this region. Leading companies in this market are Shell Bitumen, NuStar Energy, ExxonMobil, Marathon Oil Company, Valero Energy Corporation and Nynas AB. Geographically, this market has been segmented into regions such as North America, Europe, Latin America, Asia Pacific and the Middle East & Africa. The study details country-level aspects based on each segment and gives estimates in terms of market size.

Table Of Contents – Overview
1.Introduction
2.Executive Summary
3.Market Analysis
4.Bitumen Market Analysis By Grades
5.Bitumen Market Analysis By Applications
6.Bitumen Market Analysis By Region
7.Competitive Landscape Of Bitumen Companies
8.Company Profiles Of Bitumen Industry

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