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Latin America Bitumen Market Analysis and Forecasts to 2024 Show Consistent Growth

The Latin America bitumen market is categorized as cutback, emulsion, paving, polymer modified (PMB) and oxidized bitumen. PMB is likely have substantial growth rate owing to the increasing use of product in industrial application and road development.

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Latin America Bitumen Market Analysis and Forecasts to 2024 Show Consistent Growth

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  1. Bitumen Market in Latin America is projected to surpass $5.7 bn by 2024: Graphical Research ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  2. Key Insights from Latin America Bitumen Market • Graphical Research says, Latin America Bitumen Market share to exceed $5.7 bn by 2024. • The construction industry in Latin America deemed to be a profitable quotient for the product market owing to the marked increase in the construction projects from commercial to residential development to infrastructure and industrial facilities. • The product also acts as a sealant and adhesive owing to their insoluble property which is used for water resisting applications which will propel the bitumen market. On the contrary, the fluctuation in oil prices will provide the sluggish growth to the product market. • Paving bitumen is likely to hold nearly 70% of market share due to the construction activities in the region. • In 2016, the Mexico Federal Government construction projects valued nearly USD 110 billion in which 40% is allotted to PetróleosMexicanos, 25% to highway, 22% to housing and multipurpose building development and remaining 13% to other infrastructure projects. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  3. Continued... • Increasing construction activities will propel the Latin America bitumen market in next seven years down the line. • The application segment for the bitumen market is diversified into roadways, waterproofing, adhesives, insulations and others. Insulation and waterproofing will together hold nearly 12% of the overall market. Rising temperature of the earth owing to global warming will leads to increase in rooftop insulation demand which will robust the product market in next seven years. • The key manufacturers of the bitumen industry include Shell, British Petroleum, Bouygues S.A, Chevron Texaco, Exxon Mobil, JX Nippon Oil & Energy, PetróleosMexicanos (PEMEX) and Total S.A ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  4. Latin America Bitumen Market ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  5. Browse Full Market Research Report On Latin America Bitumen Market @ https://bit.ly/2Go64PA Request for a Sample of this Research Report @ https://bit.ly/2SgXrNZ ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  6. Stay In Touch With Us For: Website: www.graphicalresearch.com Social Media: Assured Quality On-Time Delivery Payment Security Industry Experts ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

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