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Bitumen Market Trend 2020 | Dynamics, Forecast, Analysis and Supply Demand 2025

Author : Ravi Chawat | Published Date : 2021-11-25 

DecResearch has recently published a study titled ‘global Bitumen Market research report’. In this report, analysts have provided a detailed evaluation of the global Bitumen Market. The report is inclusive of a completely comprehensive study of the Bitumen Market alongside all the important factors that are likely to have an impact on the commercialization matrix of the market.

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A highly methodical quantitative as well as qualitative analysis of the global Bitumen Market has been covered in the report. The study evaluates the numerous aspect of this industry by studying its historical and forecast data. Also provided in the research report are a porter’s five force model, in tandem with the swot analysis and pestel analysis of the Bitumen Market.

The report covers various areas such as Bitumen Market size, segmental analysis, regional growth opportunities, drivers and constraints, major vendors in the market, as well as the competitive landscape.

The main aim of this report is to present various updates and data pertaining to the Bitumen Market and also to list out the growth opportunities prevalent for the market expansion. A detailed market synopsis as well as an in-depth market definitions and overview of the Bitumen Market have been provided in the report.

 

The abstract section includes the market dynamics – inclusive of the market drivers, restraints, trends, as well as growth opportunities. Details about the pricing analysis as well as value chain analysis are given. The report is also inclusive of the historic figures and estimates pertaining to the growth of this market during the forecast period.

 

Additionally, the report contains information about the anticipated CAGR of the global Bitumen Market over the forecast period. Technological developments and innovations in liquid pouch packaging will boost the global Bitumen Market share during the forecast period.

The competitive landscape of bitumen market is slated to be highly ferocious, and inclusive of prominent industry players such as Chevron Texaco, Exxon Mobil Bouygues S.A, British Petroleum, Petroleos Mexicanos, Indian Oil Corporation, Marathon Oil, NuStar Energy, Nynas AB, JX Nippon Oil & Energy, Villas Austria GmbH, and Total S.A. Brainstorming highly advanced asphalt technologies is a standard tactic adopted by players such as Kraton Corporation, that believes in bringing forth newer products to meet the ever-rising product demand for roofing and paving applications. As per Global market Insights, Inc., the overall bitumen market size is slated to cross a mammoth USD 112 billion by 2024.

Bitumen market trends | APAC on the forefront

Asia Pacific, led by India, Japan, and China has always been at the helm of the global construction sector. Of late, with rapid urbanization and upgraded living standards, infrastructural development has witnesses a tremendous boost. With a strong project pipeline of airports, roads, highways, flyovers, and bridges, APAC bitumen industry is anticipated to grow at a commendable growth rate over 2018-2025.

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The regional segmentation covers:

 

Europe Region (Germany, UK, France, Russia, Italy, Rest of Europe)

 

North America Region (U.S., Canada, Mexico)

 

South America Region (Argentina, Brazil, Columbia, Rest of South America)

 

Asia-Pacific Region (China, South Korea, Japan, Southeast Asia, India, Rest of Asia-Pacific)

 

The Middle East & Africa Region (UAE, Saudi Arabia, Nigeria, South Africa, Egypt, Rest of MEA)

 

Report Highlights

 

– A detailed pricing analysis on the source of the product, application, and regional segments

 

– An in-depth evaluation of the vendor matrix as well as leading companies that would help understand the competition scenario in the global Bitumen Market

 

– Insights about the regulatory as well as investment scenarios of the global Bitumen Market

 

– An analysis of the factors fuelling the market growth as well as their influence on the projection and dynamics of the global Bitumen Market

 

– A detailed roadmap presenting the growth opportunities in the global Bitumen Market alongside the identification of key factors

 

– An exhaustive evaluation of the numerous trends prevailing in the global Bitumen Market that would help identify market developments


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About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

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