Global Bitumen Market
|出版商||Mordor Intelligence LLP||商品編碼||458438|
|出版日期||內容資訊||英文 133 Pages
The global bitumen market is estimated at USD XX billion in 2016 and is projected to reach USD XX billion by 2021, growing at a CAGR of XX% during the forecast period from 2016 to 2021.
Bitumen mixture is made of highly sticky, black, and viscous organic liquids that is entirely soluble in carbon disulfide and primarily composed of highly condensed polycyclic aromatic hydrocarbons. Naturally occurring bitumen is a tar-lie form of petroleum which is so dense, heavy, and thick that it must be heated or diluted before it can flow. Bitumen mostly contains sulfur and various heavy metals such as vanadium, lead, nickel, chromium, mercury, and other toxic elements. It is used in a wide-range of applications including roadways, waterproofing, insulation, and adhesives. Rapid urbanization in emerging markets has contributed to a rise in infrastructure activities, in-turn resulting in the increasing demand for the product.
The efficient transportation system in various countries, including India, China, and the United States., will stimulate the product demand in the future. The growing modern construction systems having waterproofed flat roofs will stimulate the bitumen demand over the forecast period.
This market is driven by factors such as the growing use in the construction of roadways around the world and the rapid urbanization in emerging markets. However, the market faces certain drawbacks that include high-degree of environmental hazards created by bitumen and volatility in raw material prices, which may act as a roadblock to the growth of the market.
Bitumen is produced using various technologies and is available in many product types. In the global bitumen market report, we have considered the following major product types: paving grade, hard grade, oxidized grade, bitumen emulsions and polymer modified bitumen.
Bitumen, in the recent years, has become an integral part of various applications in major industrial and road construction sectors. In the global bitumen market report, we have taken the following applications into account: adhesives, paints, waterproofing, insulation, decorative, roadways, etc.
The market has been geographically segmented by consumption. The regional analysis includes Asia-Pacific, North America, Europe, South America, and the Middle East and Africa. North America is the current global leader for bitumen, which can be attributed to the high-demand in road construction and industrial sectors. The region is expected to grow at a CAGR of XX.XX% during the forecast period.
The increasing awareness regarding climate change and global warming will drive the roofing requirements, which is supposed to drive the bitumen market in the upcoming years.
The market for bitumen is dominated by large global players that include -