Bitumen Market To Attain The Value Of Us$93.38 Bn By The End Of 2020

Bitumen Market

Bitumen is a dark, highly viscous and sticky substance derived from crude oil through fractional distillation. It is primarily used as a binder in road construction. Bitumen is also known as “asphalt” in North America. It is also used in other applications such as electronics, roofing and adhesives due to its resistance to water, insulation properties and high durability. Properties of bitumen can be altered by adding polymers to it, thus increasing its application scope.

There are several types of bitumen available in the global market such as cutback bitumen, oxidized bitumen, polymer modified bitumen (PMB) and bitumen emulsion. Additionally, bitumen is available as hard or soft grades depending on the viscosity. Furthermore, warm mix bitumen, hot mix bitumen and cold mix bitumen are the different types of bitumen available in the market. They are named mix bitumen, hot mix bitumen and cold mix bitumen depending upon the different temperatures required to melt bitumen for applications. 

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The report on bitumen market has been segmented into various chapters. Under each chapter, we have tackled the different aspects of the market and provided an analysis on various parameters. Preface provides a brief diagrammatic representation on the segmentation of the bitumen market. Additionally, the chapter provides a detailed description of the methodology used for research along with the scope and assumptions used in estimating as well as analyzing the future market growth.

We have included an executive summary that includes a brief summary regarding the trends of the market. We have also included a snapshot of the market; it provides the current scenario as well as growth opportunities for the market at the end of the forecast period.

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Industry analysis provides an insight on the drivers and restraints of the bitumen market and their impact on the growth of the market during the mentioned forecast period. Additionally, the study includes opportunities available for the market on a regional and global level and its effect during the forecast period. We have provided a detailed analysis of the value chain for better understanding of the bitumen market. Moreover, a detailed analysis of the Porters five forces model has been provided for better understanding of the intensity of competition in the market. Furthermore, the study comprises a market attractiveness analysis, where applications are benchmarked based on their market scope, growth rate and general attractiveness. A detailed analysis of key players’ market share in the industry has been included to represent the nature of the market.

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Product segment analysis provides forecast for the bitumen market on the global level for various product types of bitumen. The market has been estimated in terms of volume (kilo tons) and forecast for the period from 2014 to 2020. Furthermore, application segments have been analyzed and forecast on current trends on the global and regional level from 2014 to 2020. Geographically, the market has been segmented into North America, Europe, China, Asia Pacific (excluding China) and Rest of the World. Analysis and forecast is based on current trends and ranges over a period from 2014 to 2020.

Detailed profiles of certain leading companies are provided in the report along with a detailed analysis of their market share. Leading companies in the market include Shell Bitumen, NuStar Energy, ExxonMobil, Marathon Oil Company, Valero Energy Corporation and Nynas AB. Company profiles include attributes such as company overview, financial overview, SWOT analysis, business strategies and recent developments. 

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Ganesh Rajput

As one of the lead news writers on CMFE News, Ganesh’s specialization lies in the science and technology domains. His passion for the latest developments in cloud technology, connected devices, nanotechnology, and virtual reality, among others, shines through in the most recent industry coverage he provides. Ganesh’s take on the impact of digital technologies across the science, technology, and business domains gives his writing a fresh and modern outlook.

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