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Exclusive Report on Bitumen Market 2019 | Industry Drivers, Business Plans, Types, Applications, Challenges, Opportunities and Latest Trends Forecast to 2024


The “Bitumen Market” research report 2019 delivers comprehensive information about the market ranging from the establishment to the predictable growth trend. Bitumen market report provides brief analytical data of the market contenders globally using advanced methodological approaches, such as SWOT analysis, production chain, cost, sales margin, financial details, recent developments. Bitumen market report also offers market competitors that includes detailed company profiles along with company product specifications.

Market Overview:

  • The bitumen market is anticipated to register a CAGR of more than 4% during the forecast period, 2019-2024. Bitumen is widely used as a binding organic material, made from the by-products of refined crude oil. Bitumen is used in road construction, as it is easy to produce, reusable, non-toxic, and a strong binder.
  • – Increasing road construction and repair activities and demand from commercial and domestic building constructions are augmenting the growth of the market studied.
  • – Increasing environmental concerns are likely to hinder the market’s growth.
  • – Robust growth in construction activities in the Asia-Pacific region is projected to act as an opportunity for the market in future.<

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    In Bitumen Market Report, Following Companies Are Covered:

  • Bouygues
  • BP PLC
  • China Petrochemical Corporation
  • Exxon Mobil Corporation
  • Icopal ApS
  • Indian Oil Corporation Ltd
  • JXTG Nippon Oil & Energy Corporation
  • Kraton Corporation
  • Marathon Oil Company
  • NuStar Energy LP
  • Nynas AB
  • Petrleos Mexicanos
  • Shell International BV
  • Suncor Energy Inc.

    Bitumen Market 2019 report will help the industry aspirants in arranging their strategies. The measurements offered in this report will be an exact and helpful manual to shape the business development. Additionally, will Provide historical data along with a future forecast and detailed analysis and also expected opportunities.

    Scope of the Report:

  • This report studies the global Bitumen market size, industry status and forecast, competition landscape and growth opportunity.

    Reasons for Buying Bitumen Market Report:

    • This report provides pin-point analysis for changing competitive dynamics
    • It provides a forward looking perspective on different factors driving or restraining market growth
    • It provides a five-year forecast assessed on the basis of how the market is predicted to grow
    • It helps in understanding the key product segments and their future
    • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
    • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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    Key Market Trends:

    Increasing Demand Due to Increasing Road Construction Activities

    – The majority of bitumen consumed is processed into asphalt for road construction. Asphalt is a mixture of rock aggregates and bitumen. Bitumen serves as a binding agent and thus, is responsible for the stability of asphalt. Depending on the type of bitumen or composition of the mixture used, asphalt roads can be made suitable for regions with different climatic conditions or various levels of operational demands. Asphalt is also used for airport runways, parking decks, and working areas in ports.
    – Roadways is one of the key sectors that determines a country’s economic growth. Roads, airport runways, and parking decks are essential services that drive the economic activity by channelizing trade and mobility. Massive investments are required that help in modernization and maintenance of these systems.
    – Globally, the infrastructure sector is experiencing stable growth, as a result of increasing government spending to promote local infrastructure. In keeping pace with the growing economic activity and shifting demographic trends, spending on infrastructure activities is largely driven by developing economies in comparison to developed economies
    – In developing economies in Asia-Pacific, infrastructure activities are expected to increase significantly, especially in the transportation sector, owing to increasing urbanization and shifting focus toward the developing secondary sector in these countries. Furthermore, increasing economic prosperity is driving the infrastructure financing toward consumer sectors, including transportation and manufacturing, which provide and distribute raw materials for consumer goods.
    – India, in its 2018 budget, allotted INR 21,453.42 crore out of INR 71,000 crore budgetary allocation to the Highways Ministry for works under this Ministry. It includes expenditure on development of National Highways, including projects relating to expressways, two-laning of highways, under the National Highways Development Project, six-laning of crowded stretches of the Golden Quadrilateral, a special program for the development of road connectivity in Naxal affected areas, development of Vijayawada—Ranchi road, and for providing last mile connectivity.
    – As these sectors have potential to fetch larger investments in near future, the governments of developing economies (such as China and India, among others) are taking initiatives by floating tenders reflecting opportunities in building infrastructure, essential for the growth of a specific sector. Furthermore, the emergence of megacities in both, emerging and developed markets, which reflects the shifting economic and demographic trends, may create enormous need for new infrastructure.
    – All the aforementioned factors are expected to drive the global market during the forecast period.

    The Asia-Pacific Region is Expected to Dominate the Market

    – The Asia-Pacific region is expected to experience robust bitumen growth, owing to the industrial and infrastructural activities in countries, like China and India.
    – China is the largest economy, in terms of GDP. The country’s annual growth of GDP was 6.6% in 2018, and it is expected to increase by 6.3% in 2019. The growth in the country remains high, but is gradually diminishing, as the population is aging and the economy is rebalancing from investment to consumption, manufacturing to services, and external to internal demand.
    – The China Railway Corporation (CRC) announced its plans to construct 6,800 km of new railway lines, including 3,200 km of high-speed rail, which represents a 40% increase of new tracks compared to those in 2018.
    – The government has also approved the construction of urban and inter-city rail projects worth USD 127.26 billion (CNY 860 billion) in several cities, including Shanghai and Wuhan.
    – Similarly, India is expected to have a requirement of investment worth USD 777.73 billion in infrastructure by 2022, to have sustainable development in the country.
    – In 2018, the infrastructure sector in India witnessed private equity and venture capital investments worth USD 1.97 billion. The Government of India is expected to invest highly in the infrastructure sector, mainly highways, renewable energy and urban transport.
    – Such factors are projected to drive the market in the Asia-Pacific region.

    The Research Document Will Answer Following Questions Such as:

    • What are the cutting-edge technologies responsible for driving the growth of the market?
    • What are the main applications of the market? What are the growth prospects to the market applications into the market?
    • At what stage of development are the key market products?
    • What are the shortcomings that has to face to become commercially viable? Is their growth and commercialization dependent on cost declines or technological/application breakthroughs?
    • What is the outlook for the industry?
    • What difference does performance characteristics of Bitumen create from those of established entities?

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    Detailed TOC of Bitumen Market Report 2019-2024:

    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study



    4.1 Drivers
    4.1.1 Increasing Road Construction and Repair Activities
    4.1.2 Demand from Commercial and Domestic Building Constructions
    4.2 Restraints
    4.2.1 Environmental Concerns
    4.2.2 Other Restraints
    4.3 Industry Value-Chain Analysis
    4.4 Porter’s Five Forces Analysis
    4.4.1 Bargaining Power of Suppliers
    4.4.2 Bargaining Power of Consumers
    4.4.3 Threat of New Entrants
    4.4.4 Threat of Substitute Products and Services
    4.4.5 Degree of Competition

    5.1 Product Type
    5.1.1 Paving Grade
    5.1.2 Hard Grade
    5.1.3 Oxidized Grade
    5.1.4 Bitumen Emulsions
    5.1.5 Polymer Modified Bitumen
    5.1.6 Other Product Types
    5.2 Application
    5.2.1 Road Construction
    5.2.2 Waterproofing
    5.2.3 Adhesives
    5.2.4 Other Applications
    5.3 Geography
    5.3.1 Asia-Pacific China India Japan South Korea ASEAN Countries Rest of Asia-Pacific
    5.3.2 North America United States Canada Mexico
    5.3.3 Europe Germany United Kingdom Italy France Russia Rest of Europe
    5.3.4 South America Brazil Argentina Rest of South America
    5.3.5 Middle East & Africa Saudi Arabia South Africa Rest of Middle East & Africa

    6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
    6.2 Market Share Analysis**
    6.3 Strategies Adopted by Leading Players
    6.4 Company Profiles
    6.4.1 Bouygues
    6.4.2 BP PLC
    6.4.3 China Petrochemical Corporation
    6.4.4 Exxon Mobil Corporation
    6.4.5 Icopal ApS
    6.4.6 Indian Oil Corporation Ltd
    6.4.7 JXTG Nippon Oil & Energy Corporation
    6.4.8 Kraton Corporation
    6.4.9 Marathon Oil Company
    6.4.10 NuStar Energy LP
    6.4.11 Nynas AB
    6.4.12 Petrleos Mexicanos
    6.4.13 Shell International BV
    6.4.14 Suncor Energy Inc.

    7.1 Robust Growth in Construction Activities in Asia-Pacific
    7.2 Other Opportunities


    Contact Us:

    Name: Ajay More

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    Email: [email protected]

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