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Feb. 26, 2020, 5:12 a.m. EST

Bitumen Market Global Projection, Developments Status, Analysis, Trends, Strategic Assessment 2019-2026 By Top Players | Indian Oil Corporation, Chevron Texaco Corporation, China Petroleum and Chemical Corporation, Total, British Petroleum

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Feb 26, 2020 (The Expresswire) -- The different aspects of data on the Bitumen Market critical data are showcased intellectually through resources such as infographics, charts, and tables.

The globalBitumen Marketis estimated to reach 112.01 Billion by 2026, according to a new report by Reports and Data. This can be mainly associated with the rising government policies towards infrastructural and roads development by using Public models such as Public-Private Partnership (PPP) across developed as well as developing nations.

Rising utilization of product0 in maintenance industry and road construction are also some of the important driving factors of the market. The product is used extensively to form asphalt concrete as a binder mixed with aggregate particles. Rise in bitumen usage, especially in waterproofing, roadways, insulation, etc. will spur the market in the construction and infrastructure industry.

Request a Sample for this report to better evaluate our wide-ranging investigation by clicking here@ https://www.reportsanddata.com/sample-enquiry-form/1271

Key participants include Indian Oil Corporation, Chevron Texaco Corporation, China Petroleum and Chemical Corporation, Total, British Petroleum, JX Nippon Oil and Energy Corporation, Villas Austria, Royal Dutch Shell, Marathon Oil Corporation, Petroleos Mexicanos, NuStar Energy, Nynas, Exxon Mobil, Bouygues, Imperial Oil.

Bitumen is a mixture of black, very sticky, and viscous organic liquids that are sufficiently soluble in carbon disulfide and composed initially of highly compressed polycyclic aromatic hydrocarbons. Generally, bitumen is a tar-like sort of petroleum which is so thick, heavy, and dense that it must be diluted or heated before it could flow. It mostly contains sulfur and several heavy metals such as lead, vanadium, nickel, mercury, chromium, and other toxic elements. However, the growth of cement as an alternative to bitumen, mainly in road construction is a fundamental factor hindering the growth of the global bitumen market.

Segmentation Outlook:

For the purpose of this report, Reports and Data have segmented global Bitumen Market on the basis of Type, Application, Product type and region:

Type Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2016-2026)

  • Rapid setting (RS)

  • Medium setting (MS)

  • Slow setting (SC)

Product Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2016-2026)

  • Paving grade bitumen

  • Oxidized bitumen

  • Cutback bitumen

  • Bitumen emulsion

  • Polymer modified bitumen (PMB)

  • Others

Application Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2016-2026)

  • Roadways

  • Waterproofing

  • Adhesive

  • Insulation

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