Bitumen is a black to dark brown gummy material, composed primarily of extraordinary molecular weight hydrocarbons. It is a semi-solid hydrocarbon product of crude oil purification, which is created by eradicating the lighter segments (such as liquid petroleum gas, petrol, and diesel) from heavy crude oil through the refining procedure. The physical properties of bitumen include adhesion, confrontation to water and ductility. Bitumen is a vital material that permits design and engineering of the asphalt-based streets, runways, motorways, freeways, driveways, airport, and trail cycle paths, parking areas as well as sports and play areas.
According to NIIR PROJECT CONSULTANCY SERVICES (NPCS), three types of bituminous emulsions are available, which are Rapid setting (RS), medium setting (MS), and Slow setting (SC).
Related Projects:- Bitumen, Base Oil, Crude Oil, Fuel Oils, Lubricating Oils, Gear Oils, Kerosene Projects
Benefits of Bitumen Emulsion: –
- Bitumen emulsion are used comprehensively in bituminous road construction. Other than this they are used for preservation and repair work.
- Emulsions can be used in wet climate even if it is raining.
- Is sustainable as it is water based.
- Bitumen emulation is also used in soil stabilization in desert zones.
- It doesn’t need further heat while placing.
- There is no depletion in placing and laying of bitumen.
- They retain anti-stripping
Bitumen Demand in Indian Arcade: –
The growth of India bitumen market is majorly determined by surge in road and building construction actions. Construction of various national highways, thruways, and airstrips increases the demand for bitumen across the country. Bitumen is treated into asphalt for road construction. In addition, growth in investments by the government for the expansion of national highways and expressways, which comprise projects relating two-lining of highways, the National Highways Development Project, six-lining of swarming stretches of the Golden Quadrilateral, development of Vijayawada-Ranchi road and for providing last mile connectivity, is predicted to drive the growth of the market. In addition, government initiatives such as Pradhan Mantri Awas Yojana (PMAY) that embraces construction of houses for deprived people living in both rural and urban parts is expected to increase the call for bitumen; thus, driving the growth of the India bitumen market.
Segmentation of Indian Market: –
The India bitumen market size is segmented on the basis of type, end-use industry, and regions. Contingent on type, the market is classified into paving grade bitumen, oxidized bitumen, polymer modified bitumen, and bitumen blends. By end-use industry, it is categorized into road construction, waterproofing, and others. Region wise, it is examined that North India accounted for the foremost India bitumen market segment in 2018, owing to major road network development ingenuities undertaken by the Government of India (GoI) in the North India Region, which include national highways projects in Uttar Pradesh and Punjab. The chief key players functioning in the India bitumen market include Indian Oil Corporation Ltd., Hindustan Petroleum Corporation Limited, Bharat Petroleum Corporation Ltd., and Oil & Natural Gas Corporation Ltd.
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Global Market: –
Global bitumen arcade size was appreciated at USD 89.7 billion in 2018 and will rise at a CAGR of 3.8% from 2019 to 2026. The India bitumen market was cherished at $2.8 billion in 2018, and is projected to reach $3.6 billion by 2026, growing at a CAGR of 2.8% from 2019 to 2026.
Increasing demand for infrastructure on account of growing the population, cultivating the standard of living is anticipated to bolster bitumen market advancement over the forecast period. Asia Pacific was the main market in 2015 and accounted for over 33.0% of the global volume and will show growth on account of growing construction industry growth in India, China, Thailand, and Vietnam. Syndicates including Valero Energy Corporation, Suncor Energy, Athabasca Oil Corporation are leading producers of bitumen.
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Conclusion: –
Niir Project Consultancy Services (NPCS) provides various project reports on different segments. Not only the present market scenarios but also future market overawe is also shared in the report. For the further requirement of business investment in projects like these, kindly contact Niir Project Consultancy Services (NPCS).
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