Bitumen Changing the Game for Construction

Bitumen, in the recent years, has become an integral part of various applications in major industrial and road construction sectors. The mixture is made of highly sticky, black, and viscous organic liquids that are entirely soluble in carbon disulfide and primarily composed of highly condensed polycyclic aromatic hydrocarbons. Rapid urbanization in emerging markets has contributed to a rise in infrastructure activities, in-turn resulting in the increasing demand for the product.

This market is driven by factors such as the growing use in the construction of roadways around the world. The market faces certain drawbacks that include high-degree of environmental hazards created by bitumen and volatility in raw material prices, which may act as a roadblock.

The efficient transportation system in various countries, including India, China, and the United States, will stimulate the product demand in the future. The global bitumen market is estimated at $75 billion in 2016 and is projected to reach $94 billion by 2021.

The increasing awareness regarding climate change and global warming will drive the roofing requirements, which is supposed to drive the bitumen market in the upcoming years. The versatility of bitumen will allow it to be used in several sectors.

Contractors who engage in infrastructure projects need to be aware of the market and the limitations that might occur, as the push for sustainability continues in the industry.

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