Global Bitumen Market is Expected to Reach USD 84.42 billion in 2018: Transparency Market Research

ALBANY, New York, June 19, 2013 /PRNewswire/ --

According to a new market report published by Transparency Market Research (http://www.transparencymarketresearch.com) "Bitumen (Paving, Oxidized, Cutback and PMB) Market For Roadways, Roofing, Adhesives and Insulation-Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018," the global bitumen demand was 103.94 million tons in 2011 and is expected to reach 121.99 million tons in 2018, growing at a CAGR of 2.3% from 2012 to 2018. In terms of revenue, the market was valued at USD 66.70 billion in 2011 and is expected to reach USD 84.42 billion in 2018, growing at a CAGR of 3.5% from 2012 to 2018.

Browse the full report at  http://www.transparencymarketresearch.com/bitumen-market.html

Growing road construction activities in fast growing regional markets of China and India are expected to drive the growth of the bitumen market in Asia. Furthermore, there is an increasing use of Polymer Modified Bitumen (PMB) in road construction, water-proofing of roofs and consumer goods, as properties of PMB can be altered to suit different needs. However, extraction of bitumen from oil sands has environmental issues associated with it that could hamper the demand for bitumen.

Road construction was the largest application segment for bitumen and accounted for over 80% of the global bitumen consumption in 2011. Water-proofing of roofs was the next largest application segment, consuming over 12 million tons of bitumen in 2012. In addition, bitumen is used as an adhesive and insulating material in a variety of general industrial applications.

Related & Recently Published Reports by Transparency Market Research

http://www.transparencymarketresearch.com/methylene-diphenyl-diisocyanate-market.html

http://www.transparencymarketresearch.com/pesticides-market.html

http://www.transparencymarketresearch.com/polyurethanes-market.html

http://www.transparencymarketresearch.com/crop-protection-market.html

http://www.transparencymarketresearch.com/water-treatment-chemicals-market.html

North America was the largest bitumen consumer with over 30 million tons consumed in 2011. Europe followed North America in bitumen consumption, accounting for over 15% of global volumes in 2012. Germany and France were the largest regional markets in Europe, together accounting for over 30% of total consumption in 2012. Middle East and Brazil are expected to register above average growth over the forecast period.

Key players in the bitumen market include Shell Bitumen, NuStar Energy, ExxonMobil, Marathon Oil Company, Valero Energy Corporation and Nynas AB among others. The report profiles the above mentioned companies comprising their detailed market share analysis.

Related & Recently Published Reports by Transparency Market Research

http://www.transparencymarketresearch.com/industrial-gases-market.html

http://www.transparencymarketresearch.com/uv-light-stabilizer.html

http://www.transparencymarketresearch.com/polyvinyl-alcohol-films.html

http://www.transparencymarketresearch.com/glycerol.market.html

http://www.transparencymarketresearch.com/sorbitol-market.html

The report includes a detailed analysis of the bitumen market in terms of volume and revenue. In addition, the study covers demand forecast of each application in various geographies of North America, Europe, China, Asia Pacific (excluding China) and Rest of the World. The report comprises of the following segments:

Bitumen Market:Product Segment Analysis

• Paving Bitumen
• Oxidized Bitumen
• Cutback Bitumen
• Bitumen Emulsion
• Polymer Modified Bitumen (PMB)
• Others

Bitumen Market: Application Analysis

• Roadways
• Waterproofing (Roofing)
• Adhesives
• Insulation
• Others (decorative, industrial uses)

The report provides estimates and forecast on volume basis for applications (roadways and waterproofing (roofing)) based on various grades that include:

• Hard Grade
• Soft Grade
• Polymer Modified Bitumen (PMB)

The report highlights bitumen consumption for every application in the following regions:

• North America
• Europe
• China
• Asia Pacific (excluding China)
• Rest of World

Browse all Chemical Industry Research Reports @ http://www.transparencymarketresearch.com/chemical-market-reports-2.html

Upcoming Reports in Chemical & Materials Market

Physical Vapor Deposition Market

Water Soluble Fertilizers Market

Synthetic Rubber Market

Global UV Light Stabilizers Market

Thermoformed Plastics Market

Paints and Coatings Market

Brazil Biomaterials Market

Methionine Market

Genomics Market

Lysine in Animal Feed

About Us

TransparencyMarket Researchis a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact
Sheela AK
90 Sate Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Visit: http://de.transparencymarketresearch.com/
Visit: http://www.europlat.org/
Visit: http://chemical-market-reports.blogspot.com/
Visit: http://www.transparencymarketresearch.com/