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Indian bitumen market 

Indian bitumen market 

India

Bitumen
Market

Present Business Situations

Professional

The growth of the Indian bitumen market is majorly driven by an increase in road and building construction activities. The construction of various national highways, expressways, and airport runways boosts the demand for bitumen across the country.

Furthermore, bitumen is widely used in the construction industry for roofs, owing to its physical properties such as adhesion, resistance to water, hardness, ductility, and higher softening point.

Therefore, growth in the construction industry due to growth in population across the cities and demand for new houses led to increasing in demand for bitumen across the country. In addition, government initiatives such as Pradhan Mantri Awas Yojana (PMAY) include the construction of houses for poor people living in both rural and urban areas is likely to increase the demand for bitumen; thereby, driving the growth of the Indian bitumen market.

The Indian bitumen market size is segmented on the basis of type, end-use industry, and region. Depending on the type, the market is classified into paving grade bitumen, oxidized bitumen, polymer modified bitumen, and bitumen emulsions. By end-use industry, it is classified into road construction, waterproofing, and others. Region-wise, it is analyzed across North India, East India, Northeast India, South India, and West India.

Key Benefits for india Bitumen Market:

  The India bitumen market analysis covers in-depth information of major industry participants.

Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.

Major countries have been mapped according to their individual revenue contribution to the regional market.

The report provides an in-depth analysis of the India bitumen market forecast for the period 2019-2026.

The report outlines the current India bitumen market trend and future estimations of the market from 2018 to 2026 to understand the prevailing opportunities and potential investment pockets.

The key drivers, restraints, and India bitumen market opportunity and their detailed impact analysis are elucidated in the study.

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