Bitumen Market Analysis Report and Opportunities Upto 2021
Research Report on Global Bitumen Market 2014 to 2021 added by DecisionDatabases.com studies the current and upcoming Market Size, Share, Demand, Growth, Trend and Forecast.
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Bitumen is a residual product from the fractional distillation of crude oil in petroleum refining. It is an organic compound, which is used as an engineering material. These compounds are very complex combinations of molecules that contain high proportions of hydrocarbons. It is a dark, highly viscous and sticky material in nature.
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Bitumen is produced according to grade specification tailored to the needs of the consuming industries either by refining or by blending. Specifications are carried to test the safety, solubility, viscoelasticity and durability of this compound. Under varying temperature conditions, these physical properties are designed for optimization in performance. It is often confused with coal-tar pitches / petroleum pitches or natural / lake asphalt.
Major player assessed in the report are :
– Shell Bitumen
– NuStar Energy
– Marathon Oil Company
– Valero Energy Corporation
– Nynas AB
Based on the products, the bitumen market can be segmented as paving bitumen, oxidized bitumen, cutback bitumen, bitumen emulsion, polymer modified bitumen (PMB), and others. This organic compound has various applications like roadways, waterproofing (roofing), adhesives, insulation, and others (decorative, industrial uses). Based on various grade specifications this market is segmented as hard grade, soft grade, and polymer modified bitumen (PMB).
Geographically, this market has been segmented into regions such as North America, Europe, Latin America, Asia Pacific and the Middle East & Africa. The study details country-level aspects based on each segment and gives estimates in terms of market size.
SEGMENTATIONS IN REPORT :
1. Bitumen By Grades :
– Hard Grade
– Soft Grade
– Polymer Modified Bitumen (PMB)
2. Bitumen By Application :
– Roadways, Waterproofing (Roofing)
– Others (Including Decorative, Industrial Uses)
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