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BITUMEN

Global Market Trajectory & Analytics

MCP16223

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  •  DATE

    JUNE 2020

  •  TABLES

    222

  •  PAGES

    290

  •  EDITION

    6

  •  PRICE

    US$5450

COVID-19 IMPACT SURVEY MAY 2020
Amid the COVID-19 crisis and the looming economic recession, the Bitumen market worldwide will grow by a projected US$15.2 Billion, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 2.3%. Paving Grade Bitumen, one of the segments analyzed and sized in this study, is forecast to grow at over 2.3% and reach a market size of US$71.7 Billion by the end of the analysis period. An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The Paving Grade Bitumen market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.

As part of the new emerging geographic scenario, the United States is forecast to readjust to a 1.4% CAGR. Within Europe, the region worst hit by the pandemic, Germany will add over US$326.3 Million to the region's size over the next 7 to 8 years. In addition, over US$382.9 Million worth of projected demand in the region will come from Rest of European markets. In Japan, the Paving Grade Bitumen segment will reach a market size of US$4 Billion by the close of the analysis period. Blamed for the pandemic, significant political and economic challenges confront China. Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the Bitumen market. Against this backdrop and the changing geopolitical, business and consumer sentiments, the world's second largest economy will grow at 4.8% over the next couple of years and add approximately US$5.3 Billion in terms of addressable market opportunity. Continuous monitoring for emerging signs of a possible new world order post-COVID-19 crisis is a must for aspiring businesses and their astute leaders seeking to find success in the now changing Bitumen market landscape. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others, Bouygues SA; BP PLC; Chevron Corporation; China Petroleum & Chemical Corporation (SINOPEC); Exxon Mobil Corporation; Indian Oil Corporation Ltd.; JX Nippon Oil & Energy Corporation; Marathon Petroleum Company LP; NuStar Energy LP; Nynas AB; Petroleos Mexicanos; Shell International B.V.; Valero Energy Corporation

SEGMENTS

» Application (Roadways, Waterproofing, Adhesives, Insulation, Other Applications) » Product Type (Paving Grade Bitumen, Oxidized Bitumen, Cutback Bitumen, Bitumen Emulsion, Polymer Modified Bitumen (PMB), Other Product Types)

GEOGRAPHIES

» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » Spain » Russia » and Rest of Europe » Asia-Pacific » Australia » India » South Korea » and Rest of Asia-Pacific » Latin America » Argentina » Brazil » Mexico » and Rest of Latin America » Middle East » Iran » Israel » Saudi Arabia » United Arab Emirates » and Rest of Middle East » and Africa
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