According to a recently published report by Brisk Insights, the Global Bitumen Market is expected to grow at the CAGR of 4.0% during 2017-2025. The global bitumen market is segmented on the basis of grade type, application and geography. The report on global bitumen market (by grade type, application and geography) provides a detailed overview and predictive analysis of the market.
Full report available on Bitumen Market: Global Industry Size, Growth, Share and Forecast to 2025 report at http://www.briskinsights.com/report/bitumen-market
Rising investment in development of road infrastructure with increasing international trade along with growing urbanization especially in developing countries is anticipated to remain the key driver for global bitumen market. Increasing globalization and growing collaboration among nations increasing global trade are driving the need for better road infrastructure. Various countries are entering into collaborations and agreements to modernize and improve regional connectivity. For instance, China’s One Belt, One Road (OBOR) initiative also known as the New Silk Road project, aimed to connect Central Asia, Iran, Turkey, Eastern Europe, Southeast Asia, South Asia, Africa is expected to bring an investment of $ 1.3 trillion to road infrastructure projects which in turn is anticipated to spur the demand for bitumen during the forecast period. Furthermore, waterways is consider as the cheapest source of transport of goods. Thus, growing international trade is also increasing the demand for sea transport which in turn is driving the demand for ships subsequently increasing the water proofing solutions using bitumen. Beside these, growing urbanization in emerging economies including China, India, Brazil, etc. fueling the demand for electricity, buildings, water tanks, etc. is also driving the demand for bitumen based water proofing solutions. Therefore, increasing array of applications for bitumen is anticipated to augment the growth of bitumen market over the forecast period (2017-2025).
Asia Pacific is estimated to be the largest regional market for bitumen. Rapid proliferation of road infrastructure projects in India, China and other nations in South East Asia is anticipated to drive the demand for bitumen in the region over the forecast period. Key players in the market are expanding their bitumen production and supply capacity to increase their market penetration especially in the key consuming economies of Asia Pacific including China and India.
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Scope of the report
1. Global Bitumen Market, by Grade Type, 2015–2025 ($ Billion)
1.1. Paving Grade
1.2. Hard Grade
1.3. Oxidized Grade
1.4. Bitumen Emulsions
1.5. Polymer Modified Bitumen
2. Global Bitumen Market, by Application, 2015–2025 ($ Billion)
2.1. Road Construction
3. Global Bitumen Market, by Geography, 2015-2025 ($ Billion)
3.1. North America
3.2.4. Rest of Europe
3.3. Asia Pacific
3.3.3. Rest of Asia Pacific
3.4. Latin America (LATAM)
3.4.3. Rest of Latin America
3.5. Middle East and Africa (MEA)
3.5.2. Rest of Middle East and Africa
4. Company Profiles
4.1. Royal Dutch Shell plc.
4.2. Athabasca Oil Corporation
4.3. Energy Corporation
4.5. Marathon Oil Corporation
4.6. NuStar Energy
4.7. Nippon Oil Corporation
4.8. Petróleos Mexicanos Nynas AB
4.9. Sinopec Limited.
4.10. Suncor Energy
4.11. Other Major Players
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