Business Bitumen Market By Reports And Data

Market Summary Our Approach Further key findings from the report suggest • Generally, bitumen is a tar-like sort of petroleum which is so thick, heavy, and dense that it must be diluted or heated before it could flow. Bitumen mostly comprises sulfur and several heavy metals such as lead, vanadium, nickel, mercury, chromium, and other toxic elements. • Stringent regulatory compliances regarding the extraction of bitumen and the initiation of some of the available alternatives to the product like concrete are anticipated to prevent the progress of the bitumen market soon. Moreover, the addition of a bio-based product like bio-bitumen may reduce market growth during the forecast period. • However, companies have expanded R&D spending to innovate and develop affordable new technologies to overcome the challenges, which are expected to create enough opportunities for the existing as well as new market players. It needs low maintenance which is further expected to create profitable opportunities for the market players. • The polymer modified segment (PMB) is valued at USD 5.14 Billion in 2018 and is estimated to reach USD 7.44 Billion by 2026, at a CAGR of 4.6% during the forecast period, due to its widespread usage in road surfacing and industrial applications. Addition of polymers in natural bitumen makes the mixture more cohesive with notable resistance to deformations for road pavements…Continued Browse the comprehensive TOC and data tables @ https://www.reportsanddata.com/report- detail/bitumen-market

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