Bitumen Market
REPORT DESCRIPTION
Bitumen Market ( Product - Paving Bitumen , Oxidized Bitumen , Cutback Bitumen , Bitumen Emulsion , Polymer Modified Bitumen , and Bitumen Formed Due to Addition of Zinc and Copper ; Application - Roadways , Waterproofing , Adhesives , Insulation , Decorative , and Industrial ) - Global Industry Analysis , Size , Share , Growth , Trends , and Forecast 2014 - 2020
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 corresponding opportunities , this threat is expected to thin out .
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PMB to Draw Promising Demand in Future By product type , the worldwide bitumen market is categorized into different segments , out of which , paving grade bitumen had made a statement in 2016 . Paving bitumen displayed a demand of more than 80,000 kilo tons in the same year , outshining other products in the market . With a few of the
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