Due to the rapid growth of road construction in the world, bitumen demand has increased significantly. Bitumen global market forecast by some companies active in the field of bitumen trade in 2020, estimates that the value of the global bitumen trading market in 2020 will reach $ 93 billion. Meanwhile, some other reputable research companies have predicted that the value of the Bitumen global market in 2020 will be $ 95 billion.
Why is bitumen used in road construction?
Bitumen is a black and sometimes brown substance that is usually seen as solid or semi-solid at ambient temperature. Bitumen has excellent adhesion properties and high resistance to water penetration, and for this reason, bitumen has many applications in the road construction industry due to its excellent adhesion properties, and even in some countries, bitumen is known as asphalt. The main property of bitumen is that it sticks the stone grains together and turns them into a single body.
The highest consumption of bitumen in the world is in road construction. Bitumen is used as one of the main constituents of asphalt. With the advancement of science and technology, bitumen has found a wide variety of applications in various industries and for different uses. Other applications of bitumen include:
- Production of isogum
- Infrastructure and floor insulation of buildings
- Roof insulation
- As a coating to protect the inner and outer surfaces of concrete sewer pipes and underground pipes
- Protects metals against corrosion and rust
- Sealing of tanks
- Insulation of canals
- Insulation of bridges
- Desert mulching and stabilization of quicksand
- Used in the production of paints and inks as stabilizers
- Bitumen is widely used in the production of polymer-modified waterproofing.
- Natural bitumen is used to cool the drilling drill and lubricate the drill
- Natural bitumen is used in sand casting of various metals
- Bitumen is used in the production of various waxes and rubbers.
Today, more than 250 different applications for bitumen are considered in agriculture, construction, oil and gas industries, road construction, and many other industries. Although in today’s advanced world, the produced bitumen has a very high quality, after many years, the use of this precious material has the least change and as in the past, the highest use of bitumen is in the road construction and asphalt industry. 90% of the total bitumen produced in the world is used in road construction.
Global demand for bitumen in 2020
The spread of the coronavirus in China and its subsequent spread to other parts of the world has led to economic crises in China and other countries, which has reduced the global demand for bitumen in 2020. Many analysts believe that if this situation continues, it will affect the global bitumen market in 2020. For information on the Global price of bitumen in 2020 and to buy different types of bitumen with the best quality and the most appropriate price, we recommend that you visit the company’s website. This company is one of the largest bitumen suppliers in the country.
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