Bitumen Market Size, Key Factors, Major Players, Growth Strategies, Trends, Forecast Till 2026

 

Accelerated urbanization in emerging regions across the globe will boost Market growth.

Bitumen Market Size – USD 76.91 Billion in 2018, Market Growth - CAGR of 4.7%, Market Trends –The rising number of property renovation plans and advanced construction systems globally is fueling the market growth

The global Bitumen market research report published by Reports and Data offers a comprehensive study of the overall industry to help customers and investors understand the market dynamics and formulate strategic investment plans. The report provides an extensive assessment of the key organizations operating in the materials and chemicals industry to offer better insights into competition scenario on a global and regional level. Growing competition in the global market has led to increasing innovation and technological advancement in the sector to meet the rising demand of environmentally conscious consumers. The report offers crucial and accurate data obtained through extensive primary and secondary research. The report also analyzes the manufacturing and consumption of products to give an accurate forecast estimation of the global Bitumen market.

Key companies profiled in the report:

Indian Oil Corporation, Chevron Texaco Corporation, China Petroleum and Chemical Corporation, Total, British Petroleum, JX Nippon Oil & Energy Corporation, Villas Austria, Royal Dutch Shell, Marathon Oil Corporation, Petroleos Mexicanos, NuStar Energy, Nynas, Exxon Mobil, Bouygues, Imperial Oil.

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 The materials and chemicals industry covers a wide range products such as perfumes, soaps, and detergents along with other raw materials that are used to make other products. Global demand and consumption of these products across various end-use industries such as food technology, medical and pharmaceutical, and manufacturing, among others. Increasing awareness about energy-efficiency and growing need to reduce carbon emissions have led to the advent of environmentally sustainable biodegradable products.

Over the years, mergers and acquisitions, collaborations, and partnerships have played a pivotal role in companies’ plans of expanding customer base and gaining a robust footing in the market. Growing research and development activities to expand the application scope of materials and chemicals is a key revenue growth driving factor. New product launches, technological advancements, rising demand for range of perfumes and soaps for daily use, and increasing automation in the industry have significantly accelerated market growth. The market growth is also driven by rising level of disposable income, preference shift, and recent collaborations in the market.

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The report further discusses in detail the market and regional segmentation, overall regional landscape, product offerings, market strategies, current and emerging trends, restraints and drivers, limitations, threats, and challenges the market is expected to observe in the coming years. The report also utilizes key statistical tools such as SWOT analysis, Porter’s Five Forces analysis, feasibility analysis, and venture return analysis to offer better insights into the market landscape. The report also covers recent developments and trends and provides a comprehensive industry overview to help readers understand the complete scenario and dynamics of the Bitumen market.

Regions covered by the report:

•         North America (U.S.A., Canada, Mexico)

•         Europe (U.K., Italy, Germany, France, Rest of Europe)

•         Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

•         Latin America (Chile, Brazil, Argentina, Rest of Latin America)

•         Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Bitumen Market Segmentation:

Type Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2016-2026)

• Rapid setting (RS)

• Medium setting (MS)

• Slow setting (SC)

Product Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2016-2026)

• Paving grade bitumen

• Oxidized bitumen

• Cutback bitumen

• Bitumen emulsion

• Polymer modified bitumen (PMB)

• Others

Application Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2016-2026)

• Roadways

• Waterproofing

• Adhesive

• Insulation

• Others

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