Bulletin
Investor Alert

Aug. 31, 2020, 12:25 a.m. EDT

Advancement: Is COVID-19 impact on the growth of Bitumen Emulsifier market

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Chevron Corp. (CVX)
  • X
    Marathon Oil Corp. (MRO)

or Cancel Already have a watchlist? Log In

The traditional process of constructing roads involves the burning of bitumen which releases toxic gases that damages the environment. In colder areas, it is tough to uphold the temperature of hot mix. To tackle these problems and save the energy, bitumen emulsion can be an ideal option. Similarly, emulsion can be used in the areas having heavy rains where the hot mix plant is usually closed due to rain. However, with emulsified bitumen roads can be constructed without any difficulties even in rainy season and colder regions.

Future of Bitumen Emulsion market

Increase in the number of road construction activities worldwide, due to increasing population and favorable government initiatives are boosting the growth of bitumen emulsifier market. A report by Research Dive have presented forecasts of the bitumen emulsifier industry that shows significant growth in the market in the next few years. The report says that the market is projected to grow at a growth rate of 4.2% by 2026.

According to Times of India, the plastic that is banned and seized by the Hubballi-Dharwad Municipal Corporatiion(HDMC) cans be used with hot bitumen to asphalt roads in twin cities. All the plastic materials that are seized during raids are stored at Kannada Bhavan and HDMC's zonal offices. The senior officers of the civic agency have been deliberating at length on the most feasible method of disposal, and have now decided to put them to good use. Vijay Kumar, the Wing Executive Engineer at HDMC said that by making use of this plastic and hot bitumen to tar the roads was the best available option for the HDMC. The Greater Chennai Corporation has successfully tested and proved that the use of plastic with bitumen intensifies the durability of roads. Further, HDMC commissioner Suresh Itnal said that he had assigned the engineers a task to formulate a plan to put the mass of seized plastic to constructive use. HDMC is expected to asphalt a small stretch using the mixed substance, based on the results of which the authorities will decide if the initiative can be applied to all the areas of the twin cities.

Top Gaining Key Players of Bitumen Emulsifier Market

  • British Petroleum (lon:BP)

  • Indian Oil Corporation (nse:IOC)

  • Chevron Texaco Corporation /zigman2/quotes/205871374/composite CVX -3.64%

  • Royal Dutch Shell Plc. (ams:RDSA)

  • JX Nippon Oil & Energy Corporation

  • Total S.A. (epa:FP)

  • Nynas AB

  • Marathon Oil Company /zigman2/quotes/205031829/composite MRO -0.31%

  • China Petrochemical Corporation

Get Access to Full Report (TOC, Figures, Chart, etc.) @ https://www.researchdive.com/28/bitumen-emulsifier-market

Additionally, according to the insights from the 10th Asian Bitumen Conference held in New Delhi, India in 2015, the increase in road constructions in the emerging markets of China and India will be the foremost drivers of the bitumen industry in Asia. Eurobitume, the voice of the European bitumen industry, is now welcoming a wider range of companies to its membership. Earlier, the association was limited to manufacturers and vendors of bitumen but now it is open to hauliers & terminal operators, polymer modified bitumen, emulsions manufacturers, equipment suppliers, additive providers, analysis and testing providers, and educational institutes. All these activities, clearly indicate that the global market for Bitumen Emulsion is to gain height in the upcoming years.

About Us:
Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.

Contact us:
Mr. Abhishek Paliwal
Research Dive
30 Wall St. 8th Floor, New York
NY 10005 (P)
+ 91 (788) 802-9103 (India)
+1 (917) 444-1262 (US)
Toll Free: +1-888-961-4454
E-mail: support@researchdive.com
LinkedIn: https://www.linkedin.com/company/research-dive/
Twitter: https://twitter.com/ResearchDive
Facebook: https://www.facebook.com/Research-Dive-1385542314927521
Blog: https://www.researchdive.com/blog
Follow us: https://marketinsightinformation.blogspot.com/

The post Advancement: Is COVID-19 impact on the growth of Bitumen Emulsifier market appeared first on PR News Times .

COMTEX_370374882/2627/2020-08-31T00:25:06

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

/zigman2/quotes/205871374/composite
US : U.S.: NYSE
$ 92.14
-3.48 -3.64%
Volume: 10.56M
Nov. 25, 2020 7:00p
P/E Ratio
N/A
Dividend Yield
5.60%
Market Cap
$177.37 billion
Rev. per Employee
$2.91M
loading...
/zigman2/quotes/205031829/composite
US : U.S.: NYSE
$ 6.43
-0.02 -0.31%
Volume: 27.83M
Nov. 25, 2020 7:00p
P/E Ratio
N/A
Dividend Yield
2.49%
Market Cap
$5.08 billion
Rev. per Employee
$2.53M
loading...

1 2
This Story has 0 Comments
Be the first to comment

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.