Maximize Market Research's latest report, " Bitumen Market Demand Analysis and Opportunity Outlook 2027", offers a comprehensive analysis of the market. It provides market segments by type and shape, as well as end-user industries and regions.
Global Bitumen Market was valued US$87.79 Bn in 2019 and is estimated to reach approximately US$XX Bn by 2026 at a CAGR of about XX % during a forecast.
Bitumen Market Overview
Paving bitumen segment contributed almost one third in the overall market across globe. Product also has got extended Derivatives in construction of greenhouse floors, running tracks, bicycle paths, runways, railway beds etc. Polymer modified segment (PMB) held a substantial market share of more than XX%, owing to its extensive usage in road surfacing and industrial Derivative. Oxidized bitumen segment is predicted to gain XX % market share during forecast period.
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Bitumen Market Major Market Players
• Exxon Mobil Corporation
• Total S.A.
• Indian Oil Corporation Ltd.
• Royal Dutch Shell Plc.
• Marathon Oil Corporation
• Calumet Specialty Partners Ltd. LP
• Chevron Texaco Corporation
• Nynas AB
• Villas Austria GmbH
• Petroleos Mexicanos
• Sinopec
• Bouygues S.A.
• British Petroleum
• China Petroleum and Chemical Corporation
• Icopal Group
• Kraton Corporation
The Market Impact of COVID-19
The COVID-19 epidemic has quickly spreaded since its inception in Wuhan (China), in December 2019.
All around the globe. As of March 2020, the US and China were the most affected. The COVID-19 crisis has had a significant impact on many countries, resulting in travel bans or lockdowns. Industries. This outbreak has severely affected the food and beverage industries.
This includes office closures, cancellations of technology events, and supply chain disruptions. China is the world's largest manufacturing country and has the largest number of raw material suppliers. COVID-19 has an adverse effect on overall production because it closes factories and creates supply chain challenges. Market growth.
Segmentation of Bitumen Market by Types and Applications:
Global Bitumen Market By Derivative Type:
• Paving
• Oxidized
• Cutback
• Emulsion
• Polymer Modified
Global Bitumen Market By Derivative Type:
• Roadways
• Waterproofing
• Adhesives
• Insulation
Global Bitumen Market by Region:
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
The report has covered the market size by country (regions) for the Bitumen market.
Analysis of the Bitumen Market Share and Competitive Landscape:
This report provides a detailed analysis of the Bitumen Market for all stakeholders. . It also contains historical and forecasted market size information. Trends are also included in the report. The report is simple and simplifies complicated data using simple language. This report includes information on all aspects of the industry, as well as key players like market leaders, followers and new entrants. The report includes a PORTER, SVOR and a PESTEL analysis. The report also analyzes the potential market impact of microeconomic variables. This report examines both internal and external factors that can have a positive or negative effect on the business. This report will provide a clear view of the industry for decision-makers.
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