Global Bitumen Market to Exhibit Healthy 3.9% Cagr 2014-2020 as Demand from Construction Industry Increases

Transparency Market

Research

Global Bitumen Market - Industry Analysis, Size, Share,

Growth, Trends and Forecast, 2014 - 2020

Published Date

09-Sept-2014

102 Page Report

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Global Bitumen Market to Exhibit Healthy 3.9% CAGR 20142020 as Demand from Construction Industry Increases : TMR

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Global Bitumen Market

REPORT DESCRIPTION

Global Bitumen Market - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020

The global bitumen market will be boosted by rising demand from the construction industry, states a market

research document recently published by Transparency Market Research. The report states that the market

will exhibit a healthy 3.9% CAGR over the period between 2014 and 2020, and will rise from a valuation of

US$71.44 bn in 2013 to US$93.38 bn by 2020.The market report is titled “Global Bitumen Market - Industry

Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020.”

Browse the full Global Bitumen Market (Paving Bitumen, Oxidized Bitumen, Cutback Bitumen, Bitumen

Emulsion, Polymer Modified Bitumen and Others) for Roadways, Waterproofing, Adhesives, Insulation

and Other Applications - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020

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

Bitumen is a highly viscous hydrocarbon produced as a result of the distillation of petroleum. The distillation is

carried out either in refinery units using crude oil or it may result from natural phenomenon, thereby leading to

the formation of asphalt lakes or tar pits. Bitumen is commonly referred to as asphalt cement or asphalt in

North America and is extensively used for the construction of roads and pavements in the region.

The report states that a rapid rise in road development activities...