As the global economy recovers in 2021 and the supply of the industrial chain improves, the Bitumen market will undergo major changes. The bitumen market size was valued at USD 100 million metric ton in 2020 and is anticipated to expand at a significant CAGR during the forecast period, 2021 ? 2028.
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The global Bitumen industry report provides top-notch qualitative and quantitative information including: Market size (2018-2022 value and 2023 forecast). The report also contains descriptions of key players, including key financial indicators and market competitive pressure analysis.
The report also assesses key opportunities in the market and outlines the factors that are and will drive the growth of the industry. Taking into account previous growth patterns, growth drivers, and current and future trends, we also forecast the overall growth of the global Bitumen market during the next few years. Market research reports are an essential resource for businesses seeking to maximize the market potential. The report provides extensive data, insights, and analysis to enable businesses to make informed decisions, drive growth, and achieve success.
According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3 percent. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
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Reports on the political and economic unrest brought on by Russia’s invasion of Ukraine are regularly monitored and updated by our team. Significantly negative effects are anticipated globally, particularly in Eastern Europe, the European Union, Eastern and Central Asia, and the United States. This argument has significantly disrupted trade relations and negatively impacted people’s lives and livelihoods. The continued conflict and unrest in Eastern Europe are projected to negatively influence the global economy, with particularly severe long-term implications for Russia. This paper analyses the effects of supply and demand, pricing options, vendor strategic uptake, and market suggestions in light of the most recent information on the war and the international response to it.
Highlights-Regions
The Bitumen market can be split based on product types, major applications, and important regions as follows:
North America
Europe
Asia Pacific
Latin America
Player list
China Petroleum & Chemical Corporation [SINOPEC]
BP PLC
Exxon Mobil Corporation
Royal Dutch Shell Plc.
Nynas AB
Rosneft Deutschland GmbH
Gazprom Neft PJSC
Total S.A.
Indian Oil Corporation Ltd.
Marathon Oil Corporation
Shell International BV
Calumet Specialty Partners Ltd. LP
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Types list
Polymer Modified Bitumen
Hard Grade
Paving Grade
Bitumen Emulsion
Oxidized Grade
Other Product Types
Application list
Water Proofing
Adhesives
Road Construction
Other Applications
Why Purchasing the Market for the Following Reasons:
�?The study examines emerging market trends as well as the likelihood that various trends will impact expansion.
�?The analysis also discusses the factors, challenges, and opportunities that will have a significant impact on the global industry.
�?Technological tools and benchmarks that reflect the industry’s projected growth of the industry.
�?The research includes a detailed analysis of market statistics as well as historical and current growth conditions in order to provide futuristic growth estimates.
�?The research includes a detailed analysis of market statistics as well as historical and current growth conditions in order to provide futuristic growth estimates.
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