Global bituminous paints market, 2024-2030

Bituminous paints are composite product of bitumen or coal tar formally known asphalt. Due its alkaline resistant property it is widely used for vapor & waterproofing material. It is very viscus and black in color. It is available in natural deposits or may be a refined product.it is manufactured from elongated hydrocarbon molecules in slurry liquid form.These paints are strong, anti-resting (resting from chemical and UV radiation), waterproof, durable and economical.It also protects surfaces from rust.Bituminous paints employed to under water structure, weather protecting steel work, wood, concrete,roof, floor, water tanks, and marine.

The global bituminous paints market research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the global bituminous paints market is growing at a fast pace and increasing its geographical footprint rapidly. The global bituminous paints market is valued at US $ xxx million dollars in 2018 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2023 in value.

The growth is comparatively higher in Asia Pacific region due to expansion in construction industry.The major growth driver for global bituminous paints market globally is the rapid expansion in the construction industry and end user utility due to increasing population.

The major impediments to the expansion of global bituminous paints market is price hike of raw material (coal tar) in future. it has adverse effect on environment on excessive release into water. It may also adverse effect on health of human, kind of skin, eye, irritation and dizziness.

Bituminous Paints enjoy wide usage across all major regions in the world including Europe, APAC, North America, Middle East, Africa, and Latin America. These regions serve large number of manufacturers and are hence responsible for the growth of bituminous paints market globally. The companies that lead global bituminous paints market are Tianjin Haiyunda Metal Materials Co., Hebei Tuohua Metal Products Co. Ltd. and Juno Bitumix Pvt. Ltd.

Research Methodology

The research procedure begins with the bifurcation of various market segments of global bituminous paints market, followed by detection of factors affecting the growth each segment. Then, the market forecasts were built based on the inputs given by the business leaders across bituminous paints industry value chain. Market Krystal held more than 40 interviews for this study, details of which are mentioned:

By company type:

Manufacturers (35%), Suppliers (25%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)

By geography:

North America (25%), Asia (40%), Europe (20%), Rest of the World (15%)

By designation:

Top level (40%), Operation level (20%), Mid-level (40%)

Contents of the report:

• Insights on the global bituminous paints industry dynamics
• Estimation of the present global bituminous paints market size in terms of value and volume
• Global bituminous paints market breakup based on type and application
• Substantiated global bituminous Paints market forecast for the next five years.
• In depth analysis of the leading companies working across different nodes of global bituminous Paints industry value chain