Global Oxidized Bitumen Market, Product (Grade 95/25, Grade 85/25, Grade 90/40, Grade115/15 and Other), Application (Paints, Cements, Pipe Coatings, Metal Primers and Other), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of the Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Oxidized Bitumen Market
The oxidized bitumen market is expected to witness market growth at a rate of 4.5% in the forecast period of 2021 to 2028 and is expected to reach USD 29,864.11 million by 2028. Data Bridge Market Research report on oxidized bitumen market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the urbanization in emerging markets is escalating the growth of oxidized bitumen market.
Bitumen is known to be a combination gained from the distillation of crude, an important component to build roads and other infrastructure. It is also called as Asphalt, because it manufactures through distillation clear all the crude oil components very light in nature, leaving the heavy bitumen outside.
Major factors that expected to boost the growth of the oxidized bitumen market in the forecast period are the rise in the development in technology. Furthermore, the increase in the investments by in industrial applications such as roadways, insulation, and waterproofing is further anticipated to propel the growth of the oxidized bitumen market. On the other hand, the decrease in the expense of oil is further projected to impede the growth of the oxidized bitumen market in the timeline period.
In addition, the advancements in the infrastructure for making roads in several countries will further provide potential opportunities for the growth of the oxidized bitumen market in the coming years. However, the rules and regulations regarding the procedure of production of bitumen and the expenses dynamics of crude oil and chemicals which might further challenge the growth of the oxidized bitumen market in the near future.
This oxidized bitumen market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the oxidized bitumen market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
Global Oxidized Bitumen Market Scope and Market Size
The oxidized bitumen market is segmented on the basis of product and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product, the oxidized bitumen market is segmented into grade 95/25, grade 85/25, grade 90/40, grade 115/15 and other.
- On the basis of application, the oxidized bitumen market is segmented into paints, cements, pipe coatings, metal primers and other.
Oxidized Bitumen Market Country Level Analysis
The oxidized bitumen market is segmented on the basis of product and application.
The countries covered in the oxidized bitumen market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the oxidized bitumen market due to the rise in the construction industry. Furthermore, the occurrence of major key players will boost the growth of the oxidized bitumen market in the region during the forecast period. North America is projected to observe significant amount of growth in the oxidized bitumen market due to the rise in the need for rebuilding existing assets such as bridges, highways, and buildings. Moreover, the increase in the construction sector and growing infrastructure activities is further anticipated to propel the growth of the oxidized bitumen market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as consumption volumes, production sites, and volumes, import-export analysis, price trend analysis, cost of raw materials, downstream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Oxidized Bitumen Market Share Analysis
The oxidized bitumen market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the oxidized bitumen market.
The major players covered in the oxidized bitumen market report are Eagle Petrochem., Rahaoil, Inc., ATDM CO. LTD, ASIA Bitumen, Tiki Tar Industries, Aromachimie Ltd., PETRO TAR Co., JX Nippon Oil & Gas Exploration Corporation., SHELL International B.V., MARATHON OIL COMPANY, bp p.l.c, Royal Dutch Shell plc, Total, Valero Marketing and Supply Company, Exxon Mobil Corporation, Indian Oil Corporation Ltd, Nynas AB, Sinopec Corporation, Chevron Corporation. And- Suncor Energy Inc among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (M.E.A.), and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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