The report on the Global Bitumen Market gives an estimation of the development of the market based on historical studies and also provides forecasts on the basis of comprehensive research. The report gives a complete market analysis for the forecasted period from 2020 to 2026. The market is divided into various segments with an in-depth outlook of the competitors and a listing of the profiled key players. The market size in terms of revenue (USD MN) is calculated and provided for the study period along with the dynamics of the market such as the drivers and the restraints.
Bitumen is a residual product from the fractional distillation of crude oil in petroleum refining. It is an organic compound, which is used as an engineering material. These compounds are very complex combinations of molecules that contain high proportions of hydrocarbons. It is a dark, highly viscous and sticky material in nature.
Bitumen is produced according to grade specification tailored to the needs of the consuming industries either by refining or by blending. Specifications are carried to test the safety, solubility, viscoelasticity and durability of this compound. Under varying temperature conditions, these physical properties are designed for optimization in performance. It is often confused with coal-tar pitches / petroleum pitches or natural / lake asphalt.
Based on the products, the bitumen market can be segmented as paving bitumen, oxidized bitumen, cutback bitumen, bitumen emulsion, polymer modified bitumen (PMB), and others. This organic compound has various applications like roadways,
waterproofing (roofing), adhesives, insulation, and others (decorative, industrial uses). Based on various grade specifications this market is segmented as hard grade, soft grade, and polymer modified bitumen (PMB).
Geographically, bitumen market is spread worldwide in the regions of North America, Europe, Asia Pacific, Latin America and Middle East and Africa. Asia Pacific is the fastest growing market in terms of demand for bitumen. Growing construction and infrastructure is the major driver for growth in this region.
The report also covers the complete competitive landscape of the global Bitumen market with company profiles of key players such as:
- Shell Bitumen
- NuStar Energy
- ExxonMobil
- Marathon Oil Company
- Valero Energy Corporation
- Nynas AB.
SEGMENTATIONS IN REPORT:
Bitumen By Grades:
- Hard Grade
- Soft Grade
- Polymer Modified Bitumen (PMB)
Bitumen By Application:
- Roadways, Waterproofing (Roofing)
- Adhesives
- Insulation
- Others (Including Decorative, Industrial Uses)
Bitumen By Geography:
- Asia Pacific
- North America
- Europe
- Latin America
- Middle East And Africa
The Global Bitumen Market has been exhibited in detail in the following chapters -
Chapter 1 Bitumen Market Preface
Chapter 2 Executive Summary
Chapter 3 Bitumen Industry Analysis
Chapter 4 Bitumen Market Value Chain Analysis
Chapter 5 Bitumen Market Analysis By Grades
Chapter 6 Bitumen Market Analysis By Application
Chapter 7 Bitumen Market Analysis By Geography
Chapter 8 Competitive Landscape Of Bitumen Companies
Chapter 9 Company Profiles Of Bitumen Industry
GLOSSARY:
Bitumen: Bitumen is a residual product from the fractional distillation of crude oil in petroleum refining.