Business Bitumen Market By Reports And Data | Page 3

Market
Summary
Our Approach
The global Bitumen Market is estimated to reach 112.01 Billion by 2026, according to a new report by
Reports and Data. This can be mainly associated with the rising government policies towards infrastructural
and roads development by using Public models such as Public-Private Partnership (PPP) across developed as
well as developing nations.
Rising utilization of product0 in maintenance industry and road construction are also some of the important
driving factors of the market. The product is used extensively to form asphalt concrete as a binder mixed with
aggregate particles. Rise in bitumen usage, especially in waterproofing, roadways, insulation, etc. will spur
the market in the construction and infrastructure industry. Bitumen is a mixture of black, very sticky, and
viscous organic liquids that are sufficiently soluble in carbon disulfide and composed initially of highly
compressed polycyclic aromatic hydrocarbons.
Key participants include Indian Oil Corporation, Chevron Texaco Corporation, China Petroleum and
Chemical Corporation, Total, British Petroleum, JX Nippon Oil & Energy Corporation, Villas Austria,
Royal Dutch Shell, Marathon Oil Corporation, Petroleos Mexicanos, NuStar Energy, Nynas, Exxon
Mobil, Bouygues, Imperial Oil.
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