Bitumen Market to Grow at a CAGR of 3.90% During 2014 - 2020
They say there is nothing in our house that has not been transported via road at some point of their product cycle before reaching us. A number of governments, particularly those in BRICS nations, are emphasizing on improving their highways or freeways in order to improve efficiency of the transportation industry. As a result, heavy investments are being made to prepared roadways and as a result, the demand for bitumen is expanding. A recent business intelligence study developed at the headquarters of Transparency Market Research (TMR) has projected that the demand in the global bitumen market will be incrementing at a CAGR of 3.90% during the forecast period of 2014 to 2020. Revenue-wise, the analyst has estimated the market to attain a value of US$93.38 billion by the end of 2020. Most Players Dominating in their Respective Regions The analyst of the report has detected a fairly competitive scenario among the bitumen market leaders, notifying that some of the promine...