Polypropylen Random Copolymer Market
REPORT DESCRIPTION
Global Bitumen Market ( Paving Bitumen , Oxidized Bitumen , Cutback Bitumen , Bitumen Emulsion , Polymer Modified Bitumen and Others ) for Roadways , Waterproofing , Adhesives , Insulation and Other Applications - Industry Analysis , Size , Share , Growth , Trends and Forecast , 2014 - 2020
The global bitumen market will expand at a CAGR of 3.90 % from 2014 to 2020 . The market was valued at US $ 71.44 bn in 2013 . It is expected to reach US $ 93.38 bn by the end of 2020 , according to a research report released by Transparency Market Research . The report titled “ Global Bitumen Market - Industry Analysis , Size , Share , Growth , Trends and Forecast , 2014 - 2020 ” is now available on the company website for sale .
According to the report , the global bitumen market is primarily driven by the growing rate of use in construction of roadways around the world . The report states that there is a rapid increase in the rate of creation of roadways and other related activities , creating a high demand for the global bitumen market . Polymer modified bitumen , a type of bitumen , is highly preferred due to the advantages it provides , such as high porosity , high skid resistance , and low noise . All three properties are the most sought-after ones in the global roadways industry , giving PMB an advantage over other materials .
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The global bitumen market ’ s growth rate is , however , restrained to a high degree by the environmental hazards created by the use of bitumen . The report segments the global bitumen market in terms of products and applications , and also provides a geographical dissection . By products , the global bitumen market was dominated by PMB in 2013 . The segment held more than 65 % of the market for that year and is expected to be the fastest-growing segment for the report ’ s forecast period . PMB is also used for waterproofing purposes .
The report states that more than 80 % of the global bitumen market , from the perspective of applications , was dominated by road construction in 2013 . Other applications of bitumen arise in
Transparency Market Research
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