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2020-09-01
455
Asia Pacific
In Asia Pacific, China itself is the 13.2 million metric ton asphalt industry attributing to new construction and maintenance/repairs. By identifying a solvent or solvent blend, capable of selective flocculation and precipitation of the clay−water clusters while precipitating only a minor amount of asphaltene bitumen recovery can be improved. Water-based bitumen extraction from Athabasca oil sands involves four steps: Oil sand lump size reduction, bitumen liberation, aeration, flotation and interactions. Bitumen demand in Asian countries is strong, however China have been suffering from oversupply and accounting for the lion’s share i.e. nearly two-third of total bitumen consumption. It is predicted that in the upcoming years (probably after 5-6 years) Asian bitumen market will be totally oversupplied too.
Shell’s pioneering inventions in colored binders, low-temperature solutions; low-odor bitumen and underwater adhesives have set the industry standards for these applications and range of solutions from airports and highways to roofing and Formula One tracks.
Product stewardship along with technical specification and focus on infrastructure projects in Australia, replacement of closed refineries with trading houses and imports from Singapore, Thailand, South Korea, Malaysia, initiative to build new road and rail networks and investments in storage and shipping businesses are the major growth drivers of APAC bitumen market. In addition, developing storage infrastructure and introduction of innovative packaging solutions tends to take bitumen market on heights.
However, bitumen manufacturers face tough challenges due to the sanctions imposed on the country by the respective government along with a falling domestic market and declining prices in China due to over-supply and weak demand hinders the APAC bitumen market.
APAC is projected to account for a volume share of around 31% of the global bitumen market by the end of the 2025 owing to rising construction projects in India, China, Thailand, and Vietnam.
On the basis of product, PMB market size is projected to dominate the bitumen market while paving bitumen market is forecast to witness gains more than 2.25% CAGR over the estimated period.
In APAC, India is the promising market, with a recommencing emphasis on infrastructure by the government and USD 162 billion were spent on roads and bridges between 2012 and 2017, deeming for over 17% of India’s total infrastructure expenditure. Nearly two-third of total worldwide bitumen consumption is attributed to China making it the largest consumer of APAC as well as global bitumen market.
The report analyzes and includes complete detailed chapter of 50-70 pages about the short term & long terms impact of COVID-19 outbreak on each segment of "Asia-Pacific Bitumen Market" along with government measures to support the sector. It also showcases the current market landscape during COVID, impact of the virus on leading companies, expected demand schedule and supply chain in the industry and other various major factors. This will help you identify those companies that may benefit from this pandemic as well as those that will lose out.
Market Synopsis
Market Segmentation
Asia-Pacific Bitumen Market is segmented as follows:
By Countries
Market Dynamics: Growth Drivers, Restraints and Opportunities
Key Market Players
Porter’s Five Force Model
Market Landscape: Competition and Beyond
Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem
Expert Analysis
Concluding Remarks
A complementary 2hrs free facility through which report buyers can interact with our pool of experienced analysts for any report related queries, clarifications or additional data requirements
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