The Bitumen market had reached xxx million USD with a CAGR xx from 2015-2019. Later on, it will go to xxx million USD in 2020 with a CAGR xx % from 2020 to 2025.
Bitumen is a black or dark-colored (solid, semi-solid, viscous), amorphous, cementitious material that can be found in different forms, such us rock asphalt, natural bitumen, tar and bitumen derived from oil, which is referred to as petroleum bitumen.
Asia Pacific was the dominant market in 2017 and accounted for over 34.0% of the global volume and will show growth on account of rising construction industry growth in India, China, Thailand, and Vietnam. Moreover, the presence of the major market players in the region including ExxonMobil, Shell Bitumen, and British Petroleum will augment industry expansion over the next eight years. Also, Asia Pacific will increase its bitumen consumption owing to the extensive road network in the region.
In the global Bitumen market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the market on the basis of application, type, regions, and manufactures.
In global market, the following companies are covered:
BP
Shell
ChevronTexaco Corporation
China Petroleum and Chemical Corporation
ExxonMobil
Indian Oil Corporation
Marathon Oil Company
JX Nippon Oil & Energy Corporation
NuStar Energy
Nynas AB
Sinopec China
Market Segment by Product Type:
Natural Bitumen
Petroleum Bitumen
Coal-Tar Pitch
Market Segment by Application:
Emulsion
Polymer Modified
Roadways
Waterproofing
Adhesives
Other
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Bitumen market for the forecast period 2020 - 2025?
• What are the driving forces in the Bitumen market for the forecast period 2020 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Bitumen industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?