Latest Developments
Increased adaptation of bitumen in construction of roads and buildings, high demand of bitumen in commercial and domestic building construction and increasing awareness regarding climate change will increase the roofing requirements these are some of the factors fuelling the growth of the bitumen market. While increasing environmental concerns, volatile crude oil prices and new alternatives for bitumen are hindering the growth of this market.
Market Insights
Road construction is poised to account for the largest market share in 2016 as bitumen is the most efficient adhesive for road construction all around the world. Paving grade is the highest contributor to road construction and water proofing. Polymer modified bitumen is the fastest growing segment during the forecast period. North America dominates the bitumen market throughout the forecasted period fuelled by a large construction industry. Asia Pacific is forecasted to exhibit highest growth rate due to rapid increase due to increasing construction activities.
Get the Full Report Here: Global Bitumen Market
Bitumen is produced using various technologies and is available in many product types. The market has been segmented by product types: paving grade, hard grade, oxidized grade, bitumen emulsions and polymer modified bitumen. Bitumen, has always been an integral part of various construction activities. Some of the applications of bitumen are: road construction, waterproofing, adhesives and others (paints and insulation).The report provides an in-depth analysis of the bitumen market across different geographical regions viz. North America, Europe, Asia-Pacific, Latin America and Middle East & Africa along with further country-wise segmentation. It also includes competitive vendor landscape while considering major companies such as Bouygues S.A., British Petroleum, ChevronTexaco Corporation, China Petroleum and Chemical Corporation, Exxon Mobil Corporation, Icopal Group, Indian Oil Corporation, JX Nippon Oil & Energy Corporation, Kraton Corporation, Marathon Oil Company, NuStar Energy, Nynas AB, Petroleos Mexicanos, Shell Bitumen, Suncor Energy Inc.

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