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Bitumen is produced by the partial distillation of crude petroleum oil, also known as mineral tar and is present in asphalt. It constitutes of 87% carbon, 11% hydrogen and 2% oxygen. Bitumen is a combination of hydro carbons and thermoplastic material having strong tarry odor while stiffness is dependent on temperature. The temperature-vs.-stiffness relationship of bitumen is pivot on the source of crude oil and the method of refining and available in bulk and packed in drums. Crumb Rubber Modified Bitumen (CRMB) is like bitumen with alteration in physical properties like addition of crumb rubber making it more resistant to temperature variations, weather and high traffic loads, reduced maintenance costs and excellent driving comfort.\n

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report code cmm1006

Report Code : CMM1006

Bitumen: Solutions for Tough Conditions

99 Wall Street, Suite No:- 527, New York, NY 10005

United States of America

+1-646-568-7747

+1-437-886-1181

Office No:- 504, 5th Floor, C-51, BSI Business Park, Sector-62, Noida, PIN:- 201301

India 

+44-203-318-6627

+91-120-473-0422,

+91-844-785-9968

www.goldsteinresearch.com

sales@goldsteinresearch.com

bitumen solutions for tough conditions

Bitumen: Solutions for Tough Conditions

GlobalBitumenMarket Outlook

Bitumen is produced by the partial distillation of crude petroleum oil, also known as mineral tar and is present in asphalt. It constitutes of 87% carbon, 11% hydrogen and 2% oxygen. Bitumen is a combination of hydro carbons and thermoplastic material having strong tarry odor while stiffness is dependent on temperature. The temperature-vs.-stiffness relationship of bitumen is pivot on the source of crude oil and the method of refining and available in bulk and packed in drums. Crumb Rubber Modified Bitumen (CRMB) is like bitumen with alteration in physical properties like addition of crumb rubber making it more resistant to temperature variations, weather and high traffic loads, reduced maintenance costs and excellent driving comfort.

According to International Journal of Innovative Research & Development, research is going on analysis of properties in bitumen and asphalt with partial replacement of rubber tires by utilizing waste rubber tires (automobile) for the strengthening of pavement.

The Sunrise project is a joint venture (50/50) between BP (British Petroleum) and Husky where Husky operates the Sunrise leases and BP operates the Toledo refinery in Ohio in the US, processing some of the Sunrise bitumen. Sunrise is anticipated to have more than 3 billion barrels of recoverable bitumen resources.

Send us Sample Request @ https://www.goldsteinresearch.com/request-sample/bitumen-market-outlook-2024-global-opportunity-and-demand-analysis-market-forecast-2016-2024

bitumen solutions for tough conditions 1

Bitumen: Solutions for Tough Conditions

  • Market Segmentation
  • By Grades
    • Hard Grade
    • Soft Grade
    • Polymer Modified Bitumen (PMB)
  • By Product
    • Paving grade bitumen
    • Oxidized bitumen
    • Cutback bitumen
    • Bitumen emulsion
    • Polymer Modified Bitumen (PMB)
    • Others (including bitumen formed due to addition of zinc, copper, etc.)
  • By Application
    • Roadways
    • Waterproofing
    • Adhesives
    • Insulation
    • Others

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bitumen solutions for tough conditions 2

Bitumen: Solutions for Tough Conditions

  • Based on Geography
    • North America (US, Canada) {Market Share (%), Market Size (USD Million), Production (Units)}
    • Europe(UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Million), Production (Units)}
    • Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Million), Production (Units) }
    • Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Million) , Production (Units)}
    • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Million), Production (Units)}
    • Rest of the World{Market Share (%), Market Size (USD Million), Production (Units)}
bitumen solutions for tough conditions 3

Bitumen: Solutions for Tough Conditions

Market Size and Forecast (2016-2024)

Overall construction expenditure was valued at approximately USD 9.46 trillion in 2016 and is anticipated to mark USD 12.75 trillion by 2024 and is likely to increase the bitumen industry demand. Global bitumen market size is poised to exceed USD 110 billion by 2024. Bitumen/Asphalt is the 110 million metric ton (as of 2017) industry owing to the need for maintenance on the massive regional network of roads and highways.

On the basis of application, road construction share is forecast to witness highest gains over the projected timeframe while waterproofing applications was valued at over USD 8.78 billion in 2016. On the basis of product, PMB market size is projected to dominate the bitumen market while paving bitumen market is forecast to witness gains more than 2.25% CAGR over the estimated period.

bitumen solutions for tough conditions 4

Bitumen: Solutions for Tough Conditions

APAC Bitumen Market 2024contains detailed overview of the APAC bitumen market in terms of market segmentation by grade, product and application.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.

APAC bitumen market reportalso provides competitive outlook for some of the major players which includes profiling of companies such as British Petroleum, Total S.A., Chevron Texaco Corporation, China Petroleum and Chemical Corporation, Indian Oil Corporation, Royal Dutch Shell Plc., JX Nippon Oil & Energy Corporation, PetroleosMexicanos, Bouygues S.A., NuStar Energy, Villas Austria GmbH, Marathon Oil Corporation, Exxon Mobil Corporation and Nynas AB, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents comprehensive synopsis on the APAC bitumen market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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bitumen solutions for tough conditions 5

Bitumen: Solutions for Tough Conditions

  • Scope Background
  • Market Synopsis
  • Market Segmentation
  • Global Bitumen Market segmentationas follows:
    • By  Grade (Market Size, Demand Analysis and Growth Analysis)
    • By  Product (Market Size, Demand Analysis and Growth Analysis)
    • By Application (Market Size, Demand Analysis and Growth Analysis)
  • By Country
    • North America (U.S., Canada) {Market Size, Growth Analysis and Opportunity Analysis}
    • Latin America (Argentina, Mexico, Brazil and Rest of Latin America) {Market Size, Growth Analysis and Opportunity Analysis}
    • Europe (Germany, Italy, Spain, France, The U.K., Netherlands, Sweden, Hungary, Russia, Poland, Rest of Europe) {Market Size, Growth Analysis and Opportunity Analysis}
    • Asia-Pacific (China, India, Singapore, Japan, Australia, New Zealand, South Korea and Rest of Asia Pacific) {Market Size, Growth Analysis and Opportunity Analysis}
    • Middle East and North Africa (MENA) {Market Size, Growth Analysis and Opportunity Analysis}
    • Rest of World  {Market Size, Growth Analysis and Opportunity Analysis}

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bitumen solutions for tough conditions 6

Bitumen: Solutions for Tough Conditions

  • Market Dynamics: Growth Drivers, Restraints and Opportunities
    • Risk Factors
    • Regional Variations
    • Recent Trends and Developments
  • Key Market Players
    • Synopsis
    • Business Strategy
    • Product Portfolio
    • SWOT Analysis
  • Porter’s Five Force Model
  • Market Landscape: Competition and Beyond
  • Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem
  • Expert Analysis
  • Concluding Remarks
  • Request for TOC @ https://www.goldsteinresearch.com/toc-request/bitumen-market-outlook-2024-global-opportunity-and-demand-analysis-market-forecast-2016-2024

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bitumen solutions for tough conditions 7

Bitumen: Solutions for Tough Conditions

About Goldstein Research

Based in U.S., Goldstein Researchis a young business consulting and market research firm with vast reach across America, Asia and parts of Europe and the Middle East. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.

With 30+ domain experts and 50+ employees working day and night to crunch numbers and bring out the best and detailed market reports and forecasts, we strive to enable you to foresee upcoming market challenges and develop a robust business model and strategies, which would add to your profitability and market visibility as a brand.

Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts.

Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts.

bitumen solutions for tough conditions 8

Bitumen: Solutions for Tough Conditions

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For more information Contact Us:

99 Wall Street, Suite No:- 527, New York, NY 10005

United States of America

+1-646-568-7747

+1-437-886-1181

Office No:- 504, 5th Floor, C-51, BSI Business Park, Sector-62, Noida, PIN:- 201301

India 

+44-203-318-6627

+91-120-473-0422,

+91-844-785-9968

www.goldsteinresearch.com

sales@goldsteinresearch.com