The oxidized bitumen market is expected to witness market growth at a rate of 4.5% in the forecast period of 2021 to 2028 and is expected to reach USD 29,864.11 million by 2028. Data Bridge Market Research report on oxidized bitumen market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the urbanization in emerging markets is escalating the growth of oxidized bitumen market.
Bitumen is known to be a combination gained from the distillation of crude, an important component to build roads and other infrastructure. It is also called as Asphalt, because it manufactures through distillation clear all the crude oil components very light in nature, leaving the heavy bitumen outside.
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The major players covered in the oxidized bitumen market report are Eagle Petrochem., Rahaoil, Inc., ATDM CO. LTD, ASIA Bitumen, Tiki Tar Industries, Aromachimie Ltd., PETRO TAR Co., JX Nippon Oil & Gas Exploration Corporation., SHELL International B.V., MARATHON OIL COMPANY, bp p.l.c, Royal Dutch Shell plc, Total, Valero Marketing and Supply Company, Exxon Mobil Corporation, Indian Oil Corporation Ltd, Nynas AB, Sinopec Corporation, Chevron Corporation. And- Suncor Energy Inc among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (M.E.A.), and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Global Oxidized Bitumen Market Scope and Market Size:
The oxidized bitumen market is segmented on the basis of product and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product, the oxidized bitumen market is segmented into grade 95/25, grade 85/25, grade 90/40, grade 115/15 and other.
- On the basis of application, the oxidized bitumen market is segmented into paints, cements, pipe coatings, metal primers and other.
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Oxidized Bitumen Market Country Level Analysis:
The oxidized bitumen market is segmented on the basis of product and application.
The countries covered in the oxidized bitumen market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.
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