Market Research Reports

The global bitumen market is projected to stand on the rising infrastructure activities in both developed and emerging countries. Most of these activities are carried out for the purpose of improving road networks. Over a period of six years, the global market is anticipated to drive a colossal demand with an augment in construction activities pertinent to housing and development, commercial installations, and industrial enhancement. The demand is expected to swell further as the polymer modified bitumen (PMB) application segment gains prominence in the role of chemical additives and adhesives used in road and household construction. The international bitumen market is foreseen to reach 129,673.2 kilo tons by the end of the forecast period 2014-2020. In 2016, the international market stood at 116,338.7 kilo tons. It is anticipated that the usage of substitutes such as concrete could cut back the growth of the market. However, with the advancement of bio-based bitumen and new...

The  global bitumen market  will expand at a CAGR of 3.90% from 2014 to 2020. The market was valued at US$71.44 bn in 2013. It is expected to reach US$93.38 bn by the end of 2020, according to a research report released by Transparency Market Research. The report titled “ Global Bitumen Market - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020 ” is now available on the company website for sale. According to the report, the global bitumen market is primarily driven by the growing rate of use in construction of roadways around the world. The report states that there is a rapid increase in the rate of creation of roadways and other related activities, creating a high demand for the global bitumen market. Polymer modified bitumen, a type of bitumen, is highly preferred due to the advantages it provides, such as high porosity, high skid resistance, and low noise. All three properties are the most sought-after ones in the global roadways ind...