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Bitumen Market Share

  • Report ID: GMI1100
  • Published Date: Jun 2021
  • Report Format: PDF

Bitumen Market Share

Global bitumen industry players majorly focus on development of their product portfolio to enhance their business capabilities. Major players are increasing their product range and presence in the emerging market to cater to the growing demand for bitumen. Strategic partnerships and enhancement of the product landscape are key initiatives in the global market.

Some of the key manufacturers include:

  • ExxonMobil
  • Athabasca Oil Corporation
  • Royal Dutch Shell
  • TotalEnergies
  • Nynas
  • Valero Energy Corporation
  • Chevron Texaco Corporation
  • Indian Oil Corporation
  • Suncor Energy
  • China Petroleum and Chemical Corporation
  • Nustar energy
  • Bouygues
  • Villas Austria GmbH
  • Gazprom-Neft
  •  Marathon Oil Corporation
Authors: Kiran Pulidindi

Frequently Asked Questions (FAQ) :

Worldwide bitumen market size recorded at around USD 49.74 billion in 2020 and should witness a 4.4% CAGR driven by new road construction and road repair activities globally.

Paving bitumen could capture more than 60% of the market share by 2027 as over 85% of bitumen produced globally is used in asphalt concrete for road and transport infrastructure.

Bitumen industry generated USD 41.69 billion from roadways application in 2020 due to prominent use of bitumen in road construction.

Asia Pacific could reach more than USD 35 billion by the end of 2027 powered by increased expenditure in road and highway construction.

Bitumen Market Scope

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Premium Report Details

  • Base Year: 2020
  • Companies covered: 15
  • Tables & Figures: 188
  • Countries covered: 17
  • Pages: 224
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