Bitumen Market is expected to undergo a CAGR of 3.94% during the forecast period 2022 to 2029.

Market Analysis and Insights Bitumen Market

Bitumen is a viscous substance which exists in a liquid to a semi-solid form. It has a blackish-brown color. Bitumen is commonly possessed of asphaltene resin and other petroleum composites. Natural bitumen is a form of petroleum, which is so dense, thick and heavy when this will diluted or heated before it will flow. Bitumen contains sulfur and other heavy metals, such as mercury, chromium, nickel, vanadium, lead, and many other toxic elements. Usually, bitumen finds its many application such as in insulating, road surfacing, waterproofing, sealing, and others.

The physical features bitumen’s like hardness, adhesion, resistance to water, ductility, and higher softening point, bitumen is normally used in the building sector for the roofs. Due to this augmented the demand for bitumen overall the globe which are expected to increase the growth of the bitumen market.The nature of bitumen is highly viscous and sticky due to this it is generally used as a waterproofing agent on the roofs of commercial and residential buildings. Bituminous waterproofing is protect the roof from water seepage and leakage. Bitumen is used to protect the roof decks from rain before roofing or installation.

 

Bitumen Market Scope and Market Size

The bitumen market is segmented on the basis of products and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

·       Paving

·       Oxidized

·       Cutback

·       Emulsion

·       Polymer Modified

Application

·       Roadways

·       Waterproofing

·       Adhesives

·       Insulation

·      Others

 

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Bitumen Market Country Level Analysis

The countries covered in the bitumen market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Competitive Landscape and Bitumen Market Share Analysis

The Bitumen Market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Bitumen Market.

 Key Players Bitumen Market

  •  
  • Valero (US)
  • NuStar Energy L.P (US)
  • Suncor Energy Inc, (Canada)
  • Athabasca Oil Corporation (Canada)
  • Imperial Oil Limited (Canada)
  • Syncrude Canada Ltd. (Canada)
  • Indian Oil Corporation Ltd (India)
  • ENEOS Corporation (Japan)
  • ExxonMobil Coroporation (US)
  • Shell Bitumen (UK)
  • Petróleos Mexicanos (Mexico)
  • Nynas AB (Sweden)
  • Marathon Oil Company (US)
  • Bp p.l.c (UK)
  • Royal Dutch Shell plc (UK)

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MAJOR TOC OF THE REPORT

  • Chapter One: Introduction
  • Chapter Two: Market Segmentation
  • Chapter Three: Market Overview
  • Chapter Four: Executive Summary
  • Chapter Five: Premium Insights
  • Chapter Six: Global Bitumen Market by Product & Procedure type

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