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Bitumen Market Trends Nazem Kadri Jersey Womens , Company Share To 2020: Grand View Research, Inc. Business Articles | March 17, 2016

New Market Research Reports Title “Bitumen Market Analysis Size and Segment Forecasts to 2020” Has Been Added to Report Database



The global market for bitumen is expected to reach USD 95.77 billion by 2020, according to a new study by Grand View Research, Inc. Bitumen is primarily used in road construction activities and increased road development in high growth markets of India Nathan MacKinnon Jersey Womens , China and Brazil is expected to be a key driver for the growth of the market.
Roadway constructions were the major consumers of bitumen in 2013, accounting for over 80 million tons of global consumption. Other key applications include waterproofing, insulation and adhesives. Water proofing is expected to be the fastest growing application market for bitumen, at an estimated CAGR of 2.9% on volume basis, primarily on account of improved Polymer Modified Bitumen (PMB) quality in water resistance. Environmental issues associated with the extraction of bitumen from oil sands are expected to remain a key challenge for the growth of the market in the near future.?


Browse full research report on Global Bitumen Market:?

Further key findings from the study suggest:

Global bitumen consumption is expected to reach 135.07 million tons by 2020 Joonas Donskoi Jersey Authentic , growing at a CAGR of 2.7% from 2014 to 2020. The improvement in technology with regards to transportation war mix asphalt from Canada is expected to present market participants with growth opportunities over the next six years. North America was the largest regional market for bitumen; with demand estimated at over USD 21.0 billion in 2013 and is expected to remain the leader over the next six years. The region is expected to be a key market, owing to the vast network of roads in the regions coupled