Eco Friendly Bitumen Market

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Eco Friendly Bitumen Market Size Worth USD 168.17 Thousand in 2030 Increasing demand for sustainable roads and rapid development in roadway and highway construction activities are driving global eco-friendly bitumen market revenue growth

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Market Summary The global eco-friendly bitumen market size is expected to reach USD 118.98 thousand in 2021 and register a revenue CAGR of 3.9% over the forecast period, according to latest analysis by Emergen Research. Rising concerns regarding the sustainability of roads and rapid development in global roadway and highway construction activities are some key factors driving eco-friendly bitumen market revenue growth.

Eco-friendly bitumen has been proving to be very environment-friendly as opposed to crude oil derivatives. Since the substance is not burnt, it emits no carbon dioxide into the atmosphere and can be recycled and reused, which makes it eco-friendly as well as cost-effective. Cost benefits associated with eco-friendly bitumen is expected to boost demand in the building and construction industry, which will further drive revenue growth of the market to a significant extent during the forecast period.

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Market Summary Some Key Highlights From the Report • In June 2020, CEMEX S.A.B. de C.V., which is a Mexican multinational building materials company, launched VIAPATH asphalt. This product is an eco-friendly single asphalt solution, which can be used for cycle lanes and footpaths.

VIAPATH asphalt eliminates mulita-layering surface requirements and hence improve overall durability of pavements.

• Recycled bitumen segment accounted for a significantly robust revenue share in 2021 owing to its environmental benefits and increasing initiatives to recycle road pavement materials in building and construction industry. During the process of recycling, the deteriorated material from pavements, known as Reclaimed Asphalt Pavement (RAP), is reused. Some advantages associated with recycling are minimized delay, energy conservation, preservation of environment, reduced construction costs, conservation of aggregate and binder, and preservation of existing pavement. Bituminous material is the most recycled material in the construction industry in many developed countries. For instance, in the U.S., 33 million tons of RAP is used per year for recycling purposes, which is around 80% of the total amount of RAP collected from old bituminous pavements.

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Market Summary Emergen Research has segmented the global eco-friendly bitumen market on the basis of source, grade, application, and region: Source Outlook (Revenue, USD Thousand, Volume, Kilotons, 2019–2030) Bio-Based Bitumen Recycled Bitumen Natural Bitumen Grade Outlook (Revenue, USD Thousand, Volume, Kilotons, 2019–2030) Paving Grade Bitumen Oxidized Bitumen Hard Grade Bitumen Others Read More@ https://www.emergenresearch.com/industry-report/eco-friendly-bitumen-market

Parameter

Details

Market Size Estimation Period

2020-2028

Base Year Considered

2020

Historical Data

2017-2019

Forecast Period

2021-2028

Quantitative Units

Revenue in USD million & CAGR from 2020 to 2028

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Types, Application, End-Users, Regions & more.

Countries Included

The U.S., Germany, U.K., Italy, China, India, Japan, Brazil

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Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends

Regions Scope

North America, Europe, Asia Pacific, Latin America, Middle East and Africa

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10 hours of free customization & expert consultation

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