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. Leading companies in this market are Shell Bitumen, NuStar Energy, ExxonMobil, Marathon Oil Company, Valero Energy Corporation and Nynas AB.
Decision Databases is involved in providing research reports and company profiles in the global bitumen market in terms of revenue and output/volume. Market drivers, opportunities and restraints are thoroughly studied which influences the market. This study is further utilized for the overall analysis of the market. The bitumen market is segmented based on the global applications, geographic presence, by products and ingredients. We offer an inclusive category-specific market outlook. We provide access to a comprehensive collection of companies in the industry. The companies can strategize and execute business operations through our competitor analysis. Find the global industry analysis, market size, share, growth, and trends information in our bitumen profiles.
SEGMENTATIONS IN REPORT:
Bitumen By Grades:
1. INTRODUCTION TO THE BITUMEN MARKET
2. EXECUTIVE SUMMARY
3. MARKET ANALYSIS OF BITUMEN
4. BITUMEN MARKET ANALYSIS BY GRADES
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