“Global Bitumen Market 2021 Market
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DecisionDatabases.com announces a new report “Global Bitumen Market 2021 Market Research
Report” added to its database. The report contains 170 tables providing key statistics on the state of
the industry and more details.
Bitumen is a residual product from the fractional distillation of crude oil in petroleum refining. It is
an organic compound, which is used as an engineering material. These compounds are very complex
combinations of molecules that contain high proportions of hydrocarbons. It is a dark, highly viscous
and sticky material in nature.
Bitumen is produced according to grade specification tailored to the needs of the consuming
industries either by refining or by blending. Specifications are carried to test the safety, solubility,
viscoelasticity and durability of this compound. Under varying temperature conditions, these
physical properties are designed for optimization in performance. It is often confused with coal-tar
pitches / petroleum pitches or natural / lake asphalt.
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Based on the products, the bitumen market can be segmented as paving bitumen, oxidized bitumen,
cutback bitumen, bitumen emulsion, polymer modified bitumen (PMB), and others. This organic
compound has various applications like roadways, waterproofing (roofing), adhesives, insulation,
and others (decorative, industrial uses).
Based on various grade specifications this market is segmented as hard grade, soft grade, and
polymer modified bitumen (PMB). Geographically, bitumen market is spread worldwide in the
regions of North America, Europe, Asia Pacific, Latin America and Middle East and Africa. Asia Pacific