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Bitumen Market By Grade Type (Paving Grade, Hard Grade, Oxidized Grade, Bitumen Emulsions, Polymer Modified Bitumen), By Application (Road Construction, Waterproofing, Adhesives, Insulation) - Growth, Future Prospects And Competitive Analysis 2017 – 2025

This report, titled "Bitumen Market: Growth, Future Prospects, and Competitive Analysis, 2017–2025," offers strategic insights into the trends in the bitumen market along with the market size and forecast for the duration of 2017–2025. The said research study incorporates an in-depth analysis of multiple market segments based on grade, application, and geographical distribution.

The global bitumen market is becoming increasingly competitive, with a growing number of mergers and collaborations between market players to expand their production capabilities to meet the demand for bitumen. In addition, several players are also focused on developing their niche in the market. The rapid growth of this market has also resulted in the creation of further skilled job opportunities in major hubs spread across North America, Europe, Latin America, the Middle East and Africa, and Asia Pacific.

Based on grade type, the global bitumen market is segmented as paving grade, hard grade, oxidizing grade, bitumen emulsions, and polymer-modified bitumen. On the basis of application, the global bitumen market is categorized into road construction, waterproofing, adhesives, and insulation. In addition, bitumen manufacturing companies, distributors, and academic organizations form the major client types for the bitumen market. This report presents the market size (Mn Tons) (US$ Bn) and forecast for all segments considered for the period 2015-2025, as well as their respective CAGRs (%) for the forecast period 2017-2025.

In terms of geographical distribution, the global bitumen market is a study of five major regions, namely, North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Market size and forecasts for each regional and country-level market are included in the report for the considered periods. To further elucidate,

The geographical distribution of the global bitumen market is described as follows:

  • North America
  • U.S.
  • Canada
  • Europe
  • U.K.
  • Germany
  • Italy
  • France
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • Rest of Asia Pacific
  • Latin America
  • Brazil
  • Mexico
  • rest of Latin America
  • Middle East and Africa (MEA)
  • GCC
  • the remainder of MEA

Along with the quantitative information sets, this report also provides qualitative information, such as market dynamics and an executive summary of the global bitumen market. The report also includes tools to help readers with competitive mappings, such as competition assessment and appealing investment propositions. This study concludes with a company profile section. This section includes major information about the key companies engaged in the development and provision of bitumen.

Based on the grade, the global bitumen market is segmented as follows:

  • Paving grade
  • Hard grade
  • Oxidized Grade
  • Bitumen Emulsions
  • Polymer Modified Bitumen

On the basis of grade type, the global bitumen market can be segmented into paving grade, hard grade, oxidizing grade, bitumen emulsions, and polymer-modified bitumen. The paving grade is anticipated to be the fastest-growing segment in the global bitumen market. The increasing use of paving grade in road construction is anticipated to drive the growth of the segment during the forecast period. The bitumen emulsion segment is also expected to witness significant growth over the forecast period and is projected to gain a significant market share in the global bitumen market by 2025.

Based on the application, the global bitumen market is segmented as follows:

  • Roadways
  • Waterproofing
  • Adhesives
  • Insulation

On the basis of application, the global bitumen market can be segmented into road construction, waterproofing, adhesives, and insulation. In 2016, roadways were observed to be the largest application segment and are projected to maintain their dominance during the forecast period. Rising investment in road infrastructure across the world's key economies, including China, the United States, and India. Growing demand for roadways for the transportation of goods and services due to increased international trade in the region, as well as favorable government initiatives, are driving demand for bitumen in the region. Projects such as the OBOR (One Belt, One Road) initiative, which aims to connect China with Europe and South Asia, and the Indian government's announcement to invest US$ 372.8 billion in road infrastructure development over the next three years, are expected to fuel demand for bitumen over the forecast period. The waterproofing segment accounted for a significant share of the global bitumen market. The segment is anticipated to witness high growth over the forecast period. Prompt growth in the commercial and residential building sector due to growth in the disposable income of the middle class coupled with rapid urbanization, especially in India and China, is anticipated to drive the demand for waterproofing solutions, which in turn is projected to fuel the demand for bitumen over the forecast period (2017-2025).

For the purpose of this study, the global bitumen market is categorized into three segments:

  • North America
  • Europe
  • Asia Pacific
  • Latin America (LATAM)
  • Middle East and Africa (MEA)

On the basis of geography, the global bitumen market can be segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. In 2016, Asia Pacific accounted for the largest share of the global bitumen market and was also projected to witness robust growth during the forecast period. Rising investment in road infrastructure, especially in high-growth economies such as India and China, is anticipated to drive the demand for bitumen in the region. Rapid urbanization, economic development, and the development of transport infrastructure are projected to drive the demand for bitumen in the region. Road infrastructure projects, including the construction of the CEPC (China-Pakistan Economic Corridor) and the Freedom Corridor Initiative by India and Japan, aimed to connect to South Asia and East Africa, are among those anticipated to fuel the demand for bitumen in the region over the forecast period (2017–2025).

Frequently Asked Questions:

The market for Bitumen is expected to reach US$ 87.1 Bn in 2025.

The Bitumen market is expected to see significant CAGR growth over the coming years, at 4.6%.

The report is forecasted from 2017-2025.

The base year of this report is 2016.

Competitive Dashboard,Key Players,Energy Corporation,ExxonMobile,Marathon Oil Corporation are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  May 2017
Category:  Oil & Gas
Report ID:   58474
Report Format:   PDF
Pages:   120
Rating:    4.7 (80)
Delivery Time: 24 Hours to 48 Hours   
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