Global Bitumen Market has valued US$85 Bn in 2017 and is estimated to reach approximately US$110 Bn by 2026 at a CAGR of about 3.28 % during a forecast.
Global Bitumen Market is segmented by derivative, by application, and by region. Based on the derivative type, bitumen market is classified into paving, oxidized, cutback, emulsion, polymer modified. Roadways, waterproofing, adhesives, insulation are application segments of the bitumen market. Geographically bitumen market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
Bitumen is mainly driven by increasing government policies towards roads and infrastructural development by using Public Private Partnership (PPP) models across developed as well as developing nations.
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- Category: Business
- Tags: global bitumen market, global bitumen market research