The global bitumen
market from 2014 to 2020. According to the report analysis, this
market will expand at a CAGR of 3.90% from 2014 to 2020 to reach a
valuation of US$93.4 bn by 2020, which was valued at US$71.4 bn in
2013. The production volume of bitumen in 2013 amounted to 108,348.8
kilotons
In-depth
research report on Global
Bitumen Market with
Full TOC at :
http://www.transparencymarketresearch.com/bitumen-market.html
Infrastructural
development across the world, of which road development activities
constitute an important element, is a major factor fueling the global
bitumen market, says the report. However, environmental deterioration
associated with the extraction of bitumen is restricting the
development of this market to a large extent. The availability of
alternative materials that are at par with bitumen for both cost and
performance is also hampering the growth of the bitumen market.
The report divides
the global market for bitumen on the basis of product, application,
and region. Types of bitumen such as paving grade, cutback, polymer
modified, oxidized, emulsion, and others (including bitumen produced
due to the addition of copper, zinc, etc.) are the product segments
of the market. Of these, it is the paving grade product segment that
emerged as the clear leader in 2013. However, as per analysts’
predictions, polymer modified bitumen will be the fastest growing
product segment over the forecast period due to its utilization for
road construction. Polymer modified bitumen exhibits properties of
high skid resistance, high porosity, and low noise, all of which are
favorable for roads to offer higher safety against accidents. Over
the past few years, the utilization of polymer modified bitumen has
increased fourfold in roofing applications, the high resistance of
the material to water being the reason for this. Thus, the
application range of bitumen has widened, boosting the global bitumen
market.
The application
segments of the bitumen market are roadways, waterproofing,
insulation, adhesive, and others (including industrial and decorative
applications). With a share of more than 80% in the total market,
roadways were the clear leader in 2013. However, it is the
waterproofing application segment that is expected to register the
fastest growth during the forecast period.
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The regional
segments of the global bitumen market are North America, China, Rest
of World (RoW), Europe, and Asia Pacific (excluding China). North
America was the largest consumer of bitumen in 2013 owing to the
extensive road networks in the U.S. More than 30% of the bitumen
produced globally was consumed by North America.
However, Asia
Pacific will emerge as a leading market for bitumen during the
forecast period due to rapid infrastructural development in the
emerging economies of the region, say analysts.Some major companies
operating in the global bitumen market are British Petroleum,
ChevronTexaco Corp., China Petroleum and Chemical Corp., JX Nippon
Oil & Energy Corp., NuStar Energy, and Indian Oil Corp. among
others.
The market has
been segmented as below:
Bitumen Market –
Product Segment Analysis
- Paving grade bitumen
- Oxidized bitumen
- Cutback bitumen
- Bitumen emulsion
- Polymer Modified Bitumen (PMB)
- Others (including bitumen formed due to addition of zinc, copper, etc.)
Bitumen Market –
Application Analysis
Roadways
- Hard grade
- Soft grade
- Polymer Modified Bitumen (PMB)
Waterproofing
(Roofing)
- Hard grade
- Soft grade
- Polymer Modified Bitumen (PMB)
Adhesive
Insulation
Others
(including decorative and industrial applications)
Bitumen Market –
Regional Analysis
- North America
- Europe
- China
- Asia Pacific (Excluding China)
- Rest of World (RoW)
Browse Press
Release :
http://www.transparencymarketresearch.com/pressrelease/bitumen-market.htm
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