Submitted by: Submitted by justinbarnes12
Views: 10
Words: 5029
Pages: 21
Category: Business and Industry
Date Submitted: 05/12/2016 04:24 AM
Global Bitumen Market - Size, Share, Trends and
Analysis to 2016
Persistence Market Research
Global Bitumen Market is Estimated to
Reach US$ 70,072 Mn by End of 2016 Persistence Market Research
Persistence Market Research
1
Global Bitumen Market - Size, Share, Trends and
Analysis to 2016
Persistence Market Research Released New Market Report “Global Market Study on Bitumen:
Paving Grade Bitumen to Hold Significant Share during the Forecast Period, 2016 - 2022”, the
global bitumen market is estimated to reach US$ 94,748.2 Mn by 2022.
A mixture of highly sticky, black, viscous organic liquids that is entirely soluble in carbon disulfide and
primarily composed of highly condensed polycyclic aromatic hydrocarbons is called bitumen. Naturally
occurring bitumen is a tar-lie form of petroleum which is so dense, heavy, and thick that it must be heated
or diluted before it could flow. Bitumen mostly contains sulfur and various heavy metals such as
vanadium, lead, nickel, chromium, mercury, and other toxic elements.
Interested in report: Please follow the below links to meet your requirements; Request for the
Report Sample: http://www.persistencemarketresearch.com/samples/10721
Among the various regions, the market in North America is expected to account for 31.69% volume share
of the overall global bitumen market, followed by APAC and Western Europe, by 2022. Due to rise in road
construction activities in APAC, the bitumen market in the region is projected to expand at a higher than
average CAGR of 7.0% between 2016 and 2022 in terms of revenue. The market in the MEA, which is
anticipated to account for 8.21% revenue share of the overall global market by 2022 end, is expected to
be driven by an increase in the use of bitumen in the paints and coatings industry in the region. The
bitumen market in Latin America is estimated to witness an average increase in revenue due to lower
GDP growth in the region.
Request TOC (table of content), Figures and Tables of the...