Bitumen Membranes Market Analysis and Demand with Forecast Overview to 2025
Category: #business  By Partha Ray  Date: 2019-11-28
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Bitumen Membranes Market Analysis and Demand with Forecast Overview to 2025

Global bitumen market growth is mainly bounded by various macro and micro-economic factors. Population across the world is growing at a rapid pace which is driving the increased need for housing and infrastructure. To support this growth, the transportation and road construction industry is playing an active role day-by-day. The Asia Pacific infrastructure market is anticipated to rise from 7% to 8% a year in near future, reaching a milestone of USD 5.36 trillion annually by 2024 and constituting nearly 60% of the world total.

Development of improved bitumen and admixture technologies that enables substantial safety of workers, environmental conservation and advanced road surfacing treatment opens the industry for new opportunities. As infrastructure improves and connectivity becomes greater, increased efficiencies can be derived. Hence, these factors will strongly contribute towards exponential growth of bitumen market during the forecast spell.

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According to a new research report by Global Market Insights, Inc. Bitumen Membrane Market size will likely surpass USD 3.5 billion by 2025.

Adhesives segment will hold over USD 1.7 billion for the global revenue by 2025 and is anticipated to grow due to increasing usage of bituminous adhesive in cold-applied bonding, sealing, interply and surfacing. Cold applied bituminous adhesive is used for sticking roofing felts on asbestos, tiles including roofs on trains and railway carriages.

Oxidized bitumen are processed by streaming air through penetration grade process, which gives the bitumen more rubbery texture than its original form. The insulation segment will exhibit a growth rate of over 2.5% due to growing usage of oxidized bitumen in electric cable joint protection, joint filling compound, sealant compound and many others.

Strict mandates by REACH and other governmental regulations towards the product manufacturing and utilization will hinder the bitumen market growth. For instance, in countries such as Finland, Germany, UK and Spain the occupational exposure limit is restricted to 5mg/m3, 10 mg/m3, 5 mg/m3 and 0.5 mg/m3 respectively. Further, the product is extracted from fractional distillation of petroleum, it follows the same price trend as crude oil, therefore volatility in crude oil prices might negatively impact the bitumen market during the forecast spell.

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Based on revenue, cutback bitumen will hold approximately USD 3.9 billion of the overall bitumen market share by 2025. This is due to its growing utilization in sprayed sealing, especially in cold weather conditions where it yields initial stone retention due to their lower viscosity. The product is directly sprayed over the primed pavement on which final aggregate is laid. Bitumen emulsion segment will hold a lesser market share than the cutback secor in 2025 and will grow with a CAGR of close to 3.5% during the forecast spell.

Asia Pacific will hold the maximum bitumen consumption with a market share of close to 40% by the end of forecast period. The growing infrastructure development projects due to government initiatives and maintenance of existing ones to gain greater access to rural areas is the major driving force behind the growing demand for bitumen across the APAC region.

Table Of Content For This Research Report:

Chapter 2. Executive Summary

2.1. Bitumen membrane market 360synopsis, 2014 – 2025

2.1.1. Business trends

2.1.2. Grade trends

2.1.3. Product by application trends

2.1.4. Application trends

2.1.5. Regional trends

Chapter 3. Bitumen Membrane Industry Insights

3.1. Industry segmentation

3.2. Industry size and forecast, 2014 – 2025

3.3. Industry ecosystem analysis

3.3.1. Profit margin analysis

3.3.2. Value addition at each stage

3.3.3. Distribution channel analysis

3.3.4. Vendor matrix

3.4. Patent analysis

3.5. Industry megatrends

3.6. Industry impact forces

3.6.1. Growth drivers

3.6.1.1. Increasing construction activities in Asia Pacific and North America

3.6.1.2. Growing global automotive demand

3.6.1.3. Easy availability of raw material

3.6.2. Industry pitfalls & challenges

3.6.2.1. Volatility in raw material prices

3.7. Regulatory landscape

3.7.1. U.S.

3.7.2. Europe

3.7.3. Asia Pacific

3.8. Growth potential analysis

3.9. Competitive landscape, 2018

3.9.1. Company market share, 2018

3.9.2. Strategy dashboard

3.10. Porter’s analysis

3.10.1. Supplier power

3.10.2. Buyer power

3.10.3. Threat of new entrants

3.10.4. Threat of substitutes

3.10.5. Industry rivalry

3.11. Price trends

3.11.1. Regional price trends

3.11.2. Product price trends

3.11.3. Cost structure analysis

3.11.3.1. R&D cost

3.11.3.2. Manufacturing & equipment cost

3.11.3.3. Raw material cost

3.11.3.4. Distribution cost

3.11.3.5. Operating cost

3.11.3.6. Miscellaneous cost

3.12. PESTEL analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/bitumen-membranes-market

Competitive landscape of the global bitumen market includes key industry players such as, Indian Oil Corporation, British petroleum, Royal Dutch Shell Plc, Total S.A., Chevron Texaco Corporation, NuStar Energy, China Petroleum and Chemical Corporation, Marathon Oil Corporation, Villas Austria GmbH, Exxon Mobil Corporation, Nynas AB, etc.

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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