Tuesday, 30 November 2021 09:59 GMT

Global Bitumen Market Analysis Growth, Revenue Analysis, Demand Forecast, 2020


(MENAFN- Comserve) Shibuya-ku, Tokyo, Japan, Japan, Nov 26, 2021, 06:07 /Comserve / -- The Global Bitumen market growth is expected to surge in the upcoming years on an account of its increasing demand from the Asia-Pacific and the Middle East regions.

With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment. 

The Global Bitumen market growth is expected to surge in the upcoming years on an account of its increasing demand from the Asia-Pacific and the Middle East regions. Furthermore, the extensive application of the bitumen in the paints, waterproofing, and roof sealing, due to the upsurging construction activities across the commercial and residential sector would support the growth of the market.

Moreover, the widespread application of the bitumen in the construction of roads is leading to the increasing demand for the bitumen. The large-scale road construction and development projects and the extensive government investments on the infrastructure development including widening of highways, expansion of existing transportation routes, and construction of national highways, among others, are expected to lead to a considerable market size of the global Bitumen market in the future.

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According to MarkNtel Advisors' research report titled“Global Bitumen Market Analysis, 2020”, the Global Bitumen market is anticipated to grow at a CAGR of around 6.5% during 2020-25. On the basis of the application segmentation, the roadways segment held the largest market share in 2019. The increasing road construction and maintenance activities, majorly in the developing regions, are expected to have high market growth.

Oxidized Bitumen to Maintain its Leading Position
The oxidized bitumen type was the market leader in the Global Bitumen market in 2019, as stated in MarkNtel Advisors' research report on“Global Bitumen Market Analysis, 2020”. The segment is also anticipated the attain the highest CAGR during the forecast period of more than 4%, followed by the polymer modified bitumen segment. Oxidized bitumen is a highly flexible and liquid resistant that offers durability.

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The Final Report will cover the impact analysis of COVID-19 on this industry: Global Bitumen Market Analysis Growth, Revenue Analysis, Demand Forecast, 2020

According to MarkNtel Advisors', some the of key competitors operating in the Global Bitumen market include British Petroleum, Exxon Mobil Corporation, Chevron Texaco Corporation, Icopal Group, Bouygous S.A., Marathon Oil Company, and Indian Oil Corporation.

Key Questions Answered in the Market Research Report
1. What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of Global Bitumen Market?
2. What are the region wise industry size, growth drivers and challenges key market trends?
3. What are the key innovations, technology upgrades, opportunities, regulations, growth drivers and challenges in the Global Bitumen Market?

TABLE OF CONTENT

1. Introduction
1.1. Research Process
1.2. Assumption
1.3. Market Segmentation
1.4. Market Definition
2. Executive Summary
3. Expert Verbatim- What our Experts Say?
4. Global Bitumen Market Outlook, 2015- 2025F
4.1. Market Size and Analysis
4.1.1. By Revenues
4.1.2. By Volume
4.2. Market Share and Analysis

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