GLOBAL ECO-FRIENDLY BITUMEN MARKET OVERVIEW – SIZE, SHARE, GROWTH, REPORT

HOW ECO-FRIENDLY BITUMEN IS USEFUL:

Construction has emerged as the key application area for eco-friendly bitumen, and the growing construction industry, especially roadway and highway construction, is influencing the demand for eco-friendly bitumen in the sector. Various countries have witnessed an increasing infrastructural investment in roadways and highways. As eco-friendly bitumen is used as a binder in asphalt mixture in road pavements, the product demand is forecast to achieve a significant gain in the next five years.

Although the growth of eco-friendly bitumen is expected to follow an upward growth trend, there are certain challenges behind the growth of the market. The product is yet not very commercialized in the global bitumen industry, and hence very few players are investing in emerging technology like eco-friendly bitumen. Also, the reliability of eco-friendly or bio-based roads is still an ongoing research topic. Few countries have been constructing test roads made from bio-asphalt, such as the Netherlands, where the government has made bio-asphalt roads from lignin. However, the current consumption of bio asphalt or other eco-friendly bitumen types is less in the industry.

INCREASE IN THE DEMAND FOR ECO-FRIENDLY BITUMEN MARKET:

The global eco-friendly bitumen market has witnessed partnerships, collaboration, joint ventures, new product launches, and some business expansion strategies by various industry players. Eco-friendly bitumen is still in its emerging phase in the market, and the investment in the market is less. The market has a high growth potential growth, and therefore, key industry players are keen to expand their product portfolios in green and sustainable bitumen alternatives.

The need to minimize the use of natural resources is becoming one of the primary concerns in most industries, and the road construction industry is no exception to this. The road construction industry is responsible for causing the highest level of carbon emissions in multiple ways, such as through fossil fuels energy used in mining, paving, transportation, as well as through emissions from on-road vehicles. Hence, the need to bring sustainability in the road sector is expected to gain pace over the coming years.

BIS RESEARCH GIVES YOU A DETAILED REPORT ON THE ECO-FRIENDLY BITUMEN MARKET:

The eco-friendly bitumen market research study offers a broad perspective on the analysis of the industry. The research is based on an in-depth analysis of the global bitumen market as well as its application across other industries, with the use of analytical tools that have been used to build the forecast and the predictive models.

The report is a compilation of various segmentations, including market breakdown by application, grade, source, and region. The report highlights the key driving and restraining forces for the market as well as the opportunities in different applications across the leading countries. Also, the report includes a cross-segmentation of the demand for eco-friendly bitumen (by source) in each application.

The report also provides a country-based analysis for all the leading countries in every region, including the U.S., the U.K., China, Japan, Mexico, Canada, South Korea, France, and Germany, among others. Each regional analysis details an individual push-and-pull force, in addition to the key players and applications in that region.

Key Questions Answered by 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?