Bitumen Market to Witness Widespread Expansion by 2020

1. Bitumen Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2020 ©2019 Transparency Market Research, All Rights Reserved

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3. Global Bitumen Market: Overview A mixture of highly sticky, viscous, and black organic liquids which is soluble in carbon disulfide and primarily composed of condensed polycyclic aromatic hydrocarbons is known as bitumen. The compound is known as ‘asphalt’ in the US. The bitumen is increasingly used during the construction activities owing to its properties such as higher strength, durability, and resilience. The increasing construction of government and private buildings such as roadways, government, and commercial buildings in order to fulfill the demand for infrastructural development. View Report Download Brochure ©2019 Transparency Market Research, All Rights Reserved

4. Demand for Polymer Modified Bitumen Opening New Opportunities • Apart from increased road development activities across emerging economies, the bitumen market is gaining traction from growing scope and applications of polymer modified bitumen (PMB). • PMB is gaining adoption for its advantageous properties of high skid resistance, high porosity, and low noise. • The roadways industry highly appreciates these advantages and hence a growing demand for the same. • On the other hand, environmental concerns pertaining to the extraction of bitumen and emergence of some of the viable alternatives are expected to curtail the progress of the bitumen market in the near future.

5. Key Takeaways: There will be an estimated demand of 129,673.2 kilo tons of bitumen by the end of 2020, which will reflect a revenue of over 90 billion dollars. PMB is creating new opportunities for its striking advantages of low noise and ideal friction properties welcomed by the roadway industry There is a strong need to make the extraction processes more ecofriendly ©2019 Transparency Market Research, All Rights Reserved

6. Some of the leading players operating in Bitumen Market Marathon Oil Company NuStar Energy ExxonMobil Shell Bitumen Valero Energy Corporation ©2019 Transparency Market Research, All Rights Reserved

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