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Latin America Bitumen Market Revenue to Surpass USD 5.7 Billion by 2024

Author : Ronak Bora | Published Date : 2020-11-20 
 

The research document drafted on Latin America Bitumen Market provides an in-depth analysis on this industry with accurate details pertaining to its overall foothold in the global landscape and its application across major end-user industries and sectors.

Latin America bitumen industry, as per the given report, recorded a valuation of USD 4.1 billion in 2017, and is likely to exceed USD 5.7 billion by 2024, exhibiting a growth rate of 4.6%. The report also envelops crucial information on the current market scenario, emerging technologies, expansive competitive landscape, industry strategies, future growth predictions, and market segmentations.

Request for a sample of this report @ https://www.graphicalresearch.com/request/1028/sample

It also offers an idea about vivid factors that would potentially drive the expansion of this industry over the stipulated time period, along with providing details of the ongoing trends that the Latin America bitumen industry is characterized by. The Latin America bitumen market has aptly been divided on basis of product, application, regional, and competitive landscape.

Paving bitumen is likely to hold nearly 70% of market share due to the construction activities in the region. In 2016, the Mexico Federal Government construction projects valued nearly USD 110 billion in which 40% is allotted to Petróleos Mexicanos (government owned oil company), 25% to highway, 22% to housing and multipurpose building development and remaining 13% to other infrastructure projects. Increasing construction activities will propel the Latin America bitumen market in next seven years down the line.

According to the analysis, the Latin American bitumen market is diversified into Brazil, Mexico, Colombia, Argentina, Peru, Venezuela, Chile and its analysis has been briefly addressed in the document. The report incorporates a study on various parameters contributing towards the growth of regional markets, along with the ongoing growth opportunities prevalent in every region, their growth rates over the projected timeframe, technologies used, regulatory reforms, and individual market share.

The construction industry in Latin America deemed to be a profitable quotient for the product market owing to the marked increase in the construction projects from commercial to residential development to infrastructure and industrial facilities. For instance, the construction of New Mexico City International Airport, inter-oceanic corridor to facilitate trade between Chile and Argentina and planned development of San Lorenzo Island into a satellite city in Peru will provide the humongous growth to the bitumen market

The bitumen market in Latin America is highly concentrated and claims presence of vivid companies including Shell, British Petroleum, Bouygues S.A, Chevron Texaco, Exxon Mobil, JX Nippon Oil & Energy, Petróleos Mexicanos (PEMEX) and Total S.A. The research report lays emphasis on the sales spectrum of each of these companies, their strategies to maintain the foothold in the market, individual company profiles and market share, and position in the global ecosystem.

[TOC Chapters]

Chapter 4.Latin America Bitumen Market Size, by Product, 2013 – 2024

  • Paving Bitumen
  • Oxidized Bitumen
  • Cutback Bitumen
  • Bitumen Emulsion
  • Polymer Modified Bitumen (PMB)
  • Others

Chapter 5.Latin America Bitumen Market Size, by Application, 2013 – 2024

  • Roadways
  • Waterproofing
  • Adhesives
  • Insulation
  • Others

Browse key industry insights along with Full TOC @ https://www.graphicalresearch.com/table-of-content/1028/latin-america-bitumen-market 

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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