Eco-Friendly Bitumen Market - 1-3 USERS:2021

Eco-Friendly Bitumen Market - 1-3 USERS:2021

Eco-Friendly Bitumen Market - A Global Market and Regional Analysis: Focus on Applications, Products, Grades, Patent Analysis, and Country Analysis - Analysis and Forecast, 2020-2025

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Détails

Market Report Coverage :
Start Year : 2019 - Forecast Year : 2025 - Start Value : $109,784.64 in 2019 - Forecast Value : $126,743.58 by 2025 - CAGR % : 0.04%
Description :
Market Report Coverage - Eco-Friendly Bitumen

Market Segmentation

• By Source- Bio-Based, Recycled Bitumen, Natural Bitumen
• By Grade- Paving Grade Bitumen, Oxidized Bitumen, Hard Grade Bitumen, Others
• By Application- Construction, Waterproofing, Paints and Coatings, Others

Regional Segmentation

• North America – U.S., Canada, and Mexico
• Europe – France, Germany, Spain, and Italy
• U.K.
• Asia-Pacific and Japan – Australia, South Korea, Japan, and India
• China
• Middle East and Africa – South Africa, Saudi Arabia
• South America - Brazil

Growth Drivers

• Increasing Demand for Sustainable Roads
• Escalating global roadways and highways construction activities
• Stringent government regulations for reducing carbon footprints
• Increasing demand for reducing emissions from building and construction sector

Market Challenges

• Lack of awareness among consumers coupled with high cost of the product

Market Opportunities

• Rising Inclination toward Alternative Binders in Road Pavements

Key Eco-Friendly Bitumen Companies Profiled

American Gilsonite Company, Agarwal Industrial Corporation Limited, Avello Bioenergy, Bharat Petroleum Corporation Ltd, Gilsonite CO., Jalnidhi Bitumen Specialties PVT. Ltd, and Royal Dutch Shell, among others

Key Questions Answered in this Report:

• What are the current trends in the global bitumen industry regarding sustainability?
• How has the global bitumen market been impacted by the introduction of eco-friendly bitumen?
• What is the growth prospect of bio-based bitumen in road construction?
• Can the future of the construction industry be bio-based?
• Which are the major patents filled in the market?
• What is the role of the government regarding environmental issues and safety that is changing the landscape of the eco-friendly bitumen industry?
• Which bitumen source is expected to lead the eco-friendly bitumen market by 2025?
• What was the market value of the leading segments and sub-segments of the market in 2019, and how is the market estimated to grow during the forecast period 2020-2025?
• How is the industry expected to evolve during the forecast period 2020-2025?
• What are the key developmental strategies that are implemented by the key players to sustain in the competitive market?
• What are the key growth regions in the eco-friendly bitumen market?
• What are the major challenges inhibiting the growth of the eco-friendly bitumen market?

Market Overview

Eco-friendly bitumen is an emerging market which is projected to follow an upward growth trend primarily driven by growing consumers inclination towards sustainable construction. Eco-friendly bitumen is available in multiple forms in market such as bio-based bitumen, recycled bitumen, and natural bitumen. Recycled bitumen registered the highest demand in global eco-friendly bitumen market owing to increasing awareness regarding road pavements recycling and environmental benefits associate with the same.

Major growth driver for global eco-friendly bitumen market is escalating highways and roadways construction activities across the world. several economies have witnessed high growth in transportation infrastructure due to increasing vehicle sales, population, and urbanization. In India, highway construction increased by a CAGR of 21.4% from the year 2016-19 (as per IBEF, November 2020 report) with the construction of 10,855 km of highways. Construction being the major application of eco-friendly bitumen, growing highways contrition is projected to remain the primary factor for uplifting product demand till 2025.

Despite of having a positive growth prospect, global eco-friendly bitumen demand faced a major setback in 2020 due to declining construction activities in most parts of the world. due to COVID 19 outbreak, various countries have witnessed a fall in construction activities in 2020 which has negatively impacted the demand of eco-friendly bitumen in the same year. for instance, Europe registered a decline of over 25% in construction activities in the April-May 2020 period. Such huge falls in construction industry has a severe impact on eco-friendly bitumen demand in 2020. however, with the industry regaining its original pace, the eco-friendly bitumen demand is also forecasted to follow a significant growth trend in the near future.

Competitive Landscape

The competitive landscape of the eco-friendly bitumen market comprises of strategies adopted by key players to strengthen their market presence. The global eco-friendly bitumen market has witnessed partnerships, collaboration, joint ventures, new product launches, and some business expansion strategies by various industry players. The market is still in its emerging phase in the market, and the investment in the market is less. however, the market has a high growth potential growth, and therefore, various construction companies are adopting measures to expand their product portfolios in green and sustainable bitumen alternatives. For instance, In July 2020, CEMEX launched an eco-friendly single asphalt solution for cycle lanes and footpaths, which eliminates the need for multi-layering surfaces. The product has achieved a carbon footprint reduction. Such measures are expected to increase awareness regarding sustainable construction materials in the industry while also positively influencing global eco-friendly bitumen market growth.

As global construction industry is moving towards sustainable construction materials, companies are increasingly adopting strategies to strengthen their product portfolios in eco-friendly products by practicing mergers, acquisitions, joint ventures, and various such techniques. Companies in the eco-friendly bitumen market have expressed a huge interest in collaborations and partnerships to widen their customer bases and strengthen their product portfolios. For instance, in October 2019, Shell Bitumen entered into a partnership with Tiki Tar for selling bitumen to customers in the pavement industry, including state and national highways in India.

Global eco-friendly bitumen market has a moderate competition due to presence of less established brands in the market. However, with increasing number of new entrants, the industry rivalry in global eco-friendly bitumen market is poised to increase in coming years. key players in the market are Royal Dutch Shell, American Gilsonite Company and Kraton Corporation, among others.
Countries Covered :
North America
U.S.
Canada
Mexico
South America
Brazil
Europe
Germany
France
Italy
Spain
U.K.
Middle East and Africa
South Africa
Saudi Arabia
China
Asia-Pacific and Japan
South Korea
Japan
Australia
India
Keywords :
Eco Friendly Bitumen, Eco Friendly Bitumen Market, Eco Friendly Bitumen Industry, Eco Friendly Bitumen Report, Eco Friendly Bitumen Market Forecasts, Eco Friendly Bitumen Market Trends, Eco Friendly Bitumen Market Products, Eco Friendly Bitumen Market Applications, Eco Friendly Bitumen Market Companies, Eco Friendly Bitumen Market Analysis, Eco Friendly Bitumen Industry Analysis, What is Eco Friendly Bitumen, Eco Friendly Bitumen Definition, Construction Eco Friendly Bitumen Market, Waterproofing Eco Friendly Bitumen Market, Paints and Coatings Eco Friendly Bitumen Market, Eco Friendly Bio-Based Bitumen, Eco Friendly Recycled Bitumen, Eco Friendly Natural Bitumen, Eco Friendly Paving Grade Bitumen, Eco Friendly Oxidized Bitumen, Eco Friendly Hard Grade Bitumen, North America Eco Friendly Bitumen Market, South America Eco Friendly Bitumen Market, Europe Eco Friendly Bitumen Market, U.K. Eco Friendly Bitumen Market, Middle East and Africa Eco Friendly Bitumen Market, China Eco Friendly Bitumen Market, Asia-Pacific and Japan Eco Friendly Bitumen Market
Press Release :
The Global Eco-Friendly Bitumen Market is projected to reach $126,743.58 by 2025, reveals the premium market intelligence study by BIS Research. The study also highlights that the market is set to witness a CAGR of 4.21% between 2020 and 2025.

Eco-friendly bitumen is an emerging trend in global construction industry which is expected to witness a substantial growth in coming years. The world is now moving toward sustainable environment goals, and hence every industry is making a move toward the emerging wave of sustainability. The global bitumen industry has also been witnessing several environmental concerns from the past few years, and as a result, the industry has now taken a step towards greener alternatives of bitumen. An eco-friendly bitumen is a type of bitumen that has environment friendly properties and is hence increasingly being adopted in the market.

The comprehensive study of the eco-friendly bitumen market extensively covers the following:

• The strategies taken by the key manufacturers and how they are going to transform the industry in the coming future
• The global market size of the eco-friendly bitumen market, analyzed and estimated keeping in consideration the COVID-19 impact, during the forecast period 2020-2025
• A detailed global and regional analysis of the eco-friendly bitumen market, including growth trends, driving forces, companies involved, and estimated eco-friendly bitumen market size with COVID-19 impact for around 13 countries.

Who should buy this report?

• Bitumen manufacturers and suppliers such as Iran Bitumen, Bitumen Suppliers Ltd, and Bitumix (Private) Limited, among others.
• Roadways and highways construction companies, such as Granite Construction Inc, The Lane Construction Corporation, and Kiewit Corporation, among others.
• Business organizations such as financial institutions, government agencies, and manufacturing industries

Besides these parameters, the study also encompasses the market growth drivers, opportunities, market restraining factors, segmental analysis, and regional landscape. BIS Research study indicates that the growth in transportation construction activities is a significant factor driving the eco-friendly bitumen market growth. Furthermore, increasing adoption of green construction materials in roadways and highways construction is another factor that can drive product demand in the near future.

The study highlights the various drivers and challenges in the market while also giving insights regarding potential opportunities in global eco-friendly bitumen market.

To gain a holistic view of the market, data from different market segments have been analyzed minutely. The segments covered in the report scope include source, grades, and application of bitumen. Each of these segments is further categorized into sub-segments to compile an in-depth study.

According to Rakhi Tanwar, Principal Analyst, BIS Research, “In 2019, the eco-friendly bitumen market is dominated by construction applications. The growth is majorly influenced by escalating construction activities in emerging economies. Furthermore, increasing trend of green roads is gaining pace in European countries which can emerge as a major growth driver for eco-friendly bitumen market till the forecast time frame.”

Key insights are drawn from in-depth interviews with the key opinion leaders of more than 20 leading companies, market participants, and vendors. The key players profiled in the report include American Gilsonite Company, Agarwal Industrial Corporation Limited, Avello Bioenergy, Bharat Petroleum Corporation Ltd, Gilsonite CO., Jalnidhi Bitumen Specialties PVT. Ltd, and Royal Dutch Shell, among others.

The study also offers strategic reasoning for growth that can help organizations track various products, trends, and technologies expected to change the dynamics of the market. BIS Research also offers bespoke research services to help organizations meet their objectives.

The global eco-friendly bitumen report can help:

• identify prominent indicators to adopt business growth strategies (such as product launch, mergers and acquisitions (M&A), partnerships, and expansions) to grow in the global eco-friendly bitumen market.
• analyze regulatory bodies of key regions in the eco-friendly bitumen market.
• analyze market share and position through global and regional market sizes in the eco-friendly bitumen market.
• scrutinize how COVID-19 impacted the market dynamics and the expected market recovery scenario
• identify the competitive strength of key players in the eco-friendly bitumen market based on evaluating their market coverage and market potential.

Insightful questions covered to enable companies to take strategic decisions

• What are the current trends in the global bitumen industry regarding sustainability?
• How has the global bitumen market been impacted by the introduction of eco-friendly bitumen?
• What is the growth prospect of bio-based bitumen in road construction?
• Can the future of the construction industry be bio-based?
• Which are the major patents filled in the market?
• What is the role of the government regarding environmental issues and safety that is changing the landscape of the eco-friendly bitumen industry?
• Which bitumen source is expected to lead the eco-friendly bitumen market by 2025?
• What was the market value of the leading segments and sub-segments of the market in 2019, and how is the market estimated to grow during the forecast period 2020-2025?
• How is the industry expected to evolve during the forecast period 2020-2025?
• What are the key developmental strategies that are implemented by the key players to sustain in the competitive market?
• What are the key growth regions in the eco-friendly bitumen market?
• What are the major challenges inhibiting the growth of the eco-friendly bitumen market?
Companies Mentioned :
American Gilsonite Company
Agarwal Industrial Corporation Limited
ATDM CO. LTD
Avello Bioenergy
Bharat Petroleum Corporation Ltd
Cosmique Pvt. Ltd.
Eagle Petrochem
Gilsonite, Co
Jalnidhi Bitumen Specialties PVT. Ltd.
Mamz Asphalt Technologies (Pvt) Ltd.
Nikan West Gilsonite
Nuroil Trading
Royal Dutch Shell
Ventraco
Zista Gilsonite
Press Release :
The Global Eco-Friendly Bitumen Market is projected to reach $126,743.58 by 2025, reveals the premium market intelligence study by BIS Research. The study also highlights that the market is set to witness a CAGR of 4.21% between 2020 and 2025.

Eco-friendly bitumen is an emerging trend in global construction industry which is expected to witness a substantial growth in coming years. The world is now moving toward sustainable environment goals, and hence every industry is making a move toward the emerging wave of sustainability. The global bitumen industry has also been witnessing several environmental concerns from the past few years, and as a result, the industry has now taken a step towards greener alternatives of bitumen. An eco-friendly bitumen is a type of bitumen that has environment friendly properties and is hence increasingly being adopted in the market.

The comprehensive study of the eco-friendly bitumen market extensively covers the following:

• The strategies taken by the key manufacturers and how they are going to transform the industry in the coming future
• The global market size of the eco-friendly bitumen market, analyzed and estimated keeping in consideration the COVID-19 impact, during the forecast period 2020-2025
• A detailed global and regional analysis of the eco-friendly bitumen market, including growth trends, driving forces, companies involved, and estimated eco-friendly bitumen market size with COVID-19 impact for around 13 countries.

Who should buy this report?

• Bitumen manufacturers and suppliers such as Iran Bitumen, Bitumen Suppliers Ltd, and Bitumix (Private) Limited, among others.
• Roadways and highways construction companies, such as Granite Construction Inc, The Lane Construction Corporation, and Kiewit Corporation, among others.
• Business organizations such as financial institutions, government agencies, and manufacturing industries

Besides these parameters, the study also encompasses the market growth drivers, opportunities, market restraining factors, segmental analysis, and regional landscape. BIS Research study indicates that the growth in transportation construction activities is a significant factor driving the eco-friendly bitumen market growth. Furthermore, increasing adoption of green construction materials in roadways and highways construction is another factor that can drive product demand in the near future.

The study highlights the various drivers and challenges in the market while also giving insights regarding potential opportunities in global eco-friendly bitumen market.

To gain a holistic view of the market, data from different market segments have been analyzed minutely. The segments covered in the report scope include source, grades, and application of bitumen. Each of these segments is further categorized into sub-segments to compile an in-depth study.

According to Rakhi Tanwar, Principal Analyst, BIS Research, “In 2019, the eco-friendly bitumen market is dominated by construction applications. The growth is majorly influenced by escalating construction activities in emerging economies. Furthermore, increasing trend of green roads is gaining pace in European countries which can emerge as a major growth driver for eco-friendly bitumen market till the forecast time frame.”

Key insights are drawn from in-depth interviews with the key opinion leaders of more than 20 leading companies, market participants, and vendors. The key players profiled in the report include American Gilsonite Company, Agarwal Industrial Corporation Limited, Avello Bioenergy, Bharat Petroleum Corporation Ltd, Gilsonite CO., Jalnidhi Bitumen Specialties PVT. Ltd, and Royal Dutch Shell, among others.

The study also offers strategic reasoning for growth that can help organizations track various products, trends, and technologies expected to change the dynamics of the market. BIS Research also offers bespoke research services to help organizations meet their objectives.

The global eco-friendly bitumen report can help:

• identify prominent indicators to adopt business growth strategies (such as product launch, mergers and acquisitions (M&A), partnerships, and expansions) to grow in the global eco-friendly bitumen market.
• analyze regulatory bodies of key regions in the eco-friendly bitumen market.
• analyze market share and position through global and regional market sizes in the eco-friendly bitumen market.
• scrutinize how COVID-19 impacted the market dynamics and the expected market recovery scenario
• identify the competitive strength of key players in the eco-friendly bitumen market based on evaluating their market coverage and market potential.

Insightful questions covered to enable companies to take strategic decisions

• What are the current trends in the global bitumen industry regarding sustainability?
• How has the global bitumen market been impacted by the introduction of eco-friendly bitumen?
• What is the growth prospect of bio-based bitumen in road construction?
• Can the future of the construction industry be bio-based?
• Which are the major patents filled in the market?
• What is the role of the government regarding environmental issues and safety that is changing the landscape of the eco-friendly bitumen industry?
• Which bitumen source is expected to lead the eco-friendly bitumen market by 2025?
• What was the market value of the leading segments and sub-segments of the market in 2019, and how is the market estimated to grow during the forecast period 2020-2025?
• How is the industry expected to evolve during the forecast period 2020-2025?
• What are the key developmental strategies that are implemented by the key players to sustain in the competitive market?
• What are the key growth regions in the eco-friendly bitumen market?
• What are the major challenges inhibiting the growth of the eco-friendly bitumen market?
Headline :
Global Eco-Friendly Bitumen Market to Reach $126,743.58 by 2025
Table of Contents :
Please pick up TOC from website URL: https://bisresearch.com/industry-report/eco-friendly-bitumen-market.html

Informations supplémentaires

Auteur BIS Research INC.
Edité par BISRESEARCH
Type de document Rapport
Nombre de pages 201
Mot-clé Eco-Friendly Bitumen Market