Press Release

Roadways Segment to Account for Largest Share in India Bitumen Market until 2024

Rising use of bitumen for construction of roads and repairing & maintenance purposes to drive India bitumen market during forecast period

According to TechSci Research report, India Bitumen Market By Product Type, By Viscosity Grade, By Application, Competition Forecast & Opportunities, 2014-2024”, the bitumen market in India is projected to grow at an impressive rate during the forecast period on account of increasing demand for road construction and repair activities. Bitumen is the preferred raw material for the construction of roads, bridges and water tanks as it offers water resistance and high viscosity to the structure. Moreover, rising population is further stressing on the growing demand for housing, thereby further driving the growth of the market. However, effect of bitumen on the environment might hamper the growth of the market in the coming years.

Browse market data Figures and Tables spread through 70 Pages and an in-depth TOC on "India Bitumen Market"

Bitumen market can be segmented based on product type, viscosity grade, application and region. On the basis of application, the market can be segmented into waterproofing, adhesives, insulation, roadways, among others. Roadways is the leading segment in the market and is anticipated to continue its dominance during the forecast period as well as it is the preferred material for the construction. In terms of product type, the market can be segregated into penetration, oxidized/blown, cutback, polymer modified binders and emulsion. Polymer modified binders segment is likely to witness significant adoption during the forecast period as it is the most preferred type for construction and maintenance activities.

Leading manufactures of bitumen in the country include Bharat Petroleum Corp Ltd., Indian Oil Corporation Limited, Hindustan Colas Ltd., Nyara Energy Ltd (Essar Oil), Mangalore Refinery & Petrochemical Ltd, AICL, Tiki Tar Industries, JAI BITUMEN, Exxon Mobil, Raha Bitumen, among others. The companies operating in the bitumen production are investing in technology in order to reduce amount of toxic gases release due to bitumen. 

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“With many development projects and schemes such as Pradhan Mantri Gramin Sadak Yojana (PMGSY), among others for the construction of highways, waterproofing and ceiling winding, the demand for bitumen is anticipated to grow at rapid pace in the coming years. Moreover, rising construction activities across the country would further steer growth in the market during the forecast period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

India Bitumen Market By Product Type, By Viscosity Grade, By Application, Competition Forecast & Opportunities, 2014-2024 has analyzed the potential of bitumen market across the country, and provides statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes emerging trends along with essential drivers and key challenges faced by India bitumen market.


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