According to Goldstein Research, APAC Bitumen market is expected to reach USD34.1 billion by the end of 2024, growing at a CAGR of 6.59%. The growing infrastructure projects and maintenance of existing ones are the major driving force in the growing demand for bitumen across the APAC region. APAC Bitumen Industry Analysis has been done on the basis of grades, product, application and countries. Road construction accounted for highest application of bitumen whereas; waterproofing applications are expected to grow at a fastest rate. Based on products, Polymer Modified Bitumen (PMB) acquires the largest market share. APAC Bitumen market is aggressively growing in APAC countries on account of the rising number of infrastructure development projects. China holds two-third consumption of bitumen worldwide. India is an opportunistic country for growing bitumen consumption.
Market Segmentation
On the basis of our in-depth analysis, APAC Bitumen Market can be segmented as follows:
• By Grades
o Hard Grade
o Soft Grade
o Polymer Modified Bitumen (PMB)
• By Product
o Paving grade bitumen
o Oxidized bitumen
o Cutback bitumen
o Bitumen emulsion
o Polymer Modified Bitumen (PMB)
o Others (including bitumen formed due to addition of zinc, copper, etc.)
• By Application
o Roadways
o Waterproofing
o Adhesives
o Insulation
o Others
• By Countries
o China {Market Share (%), Market Size (USD Million), Adoption Rate (%)}
o Japan {Market Share (%), Market Size (USD Million), Adoption Rate (%)}
o India {Market Share (%), Market Size (USD Million), Adoption Rate (%)}
o Australia {Market Share (%), Market Size (USD Million), Adoption Rate (%)}
o Taiwan {Market Share (%), Market Size (USD Million), Adoption Rate (%)}
o South Korea {Market Share (%), Market Size (USD Million), Adoption Rate (%)}
o Indonesia {Market Share (%), Market Size (USD Million), Adoption Rate (%)}
o Thailand {Market Share (%), Market Size (USD Million), Adoption Rate (%)}
o Singapore {Market Share (%), Market Size (USD Million), Adoption Rate (%)}
o New Zealand {Market Share (%), Market Size (USD Million), Adoption Rate (%)}
o Philippines {Market Share (%), Market Size (USD Million), Adoption Rate (%)}
“APAC Bitumen Market Research” contains detailed overview of the APAC Bitumen market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by grades, product and application.
Further, for the in-depth analysis, APAC Bitumen Market 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. This market report also includes competitive outlook of some of the major players profiling of companies such asBritish Petroleum, Total S.A., Chevron Texaco Corporation, China Petroleum and Chemical Corporation, Indian Oil Corporation, Royal Dutch Shell Plc., JX Nippon Oil & Energy Corporation, Petroleos Mexicanos, Bouygues S.A., NuStar Energy, Villas Austria GmbH, Marathon Oil Corporation, Exxon Mobil Corporation, Nynas AB, Petróleos Mexicanos (PEMEX), Valero Energy Corporation, Shell,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 the APACBitumen market trends along with market forecast that will help industry consultants, technology providers, 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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