Bitumen Market to Cross US $112bn by 2025: BP, Total, Chevron, Valero Energy Corporation, Indian Oil Corporation Limited, Shell, PEMEX, Bouygues Group, NuStar Energy L.P.
One of the chief factors driving the global bitumen market are increasing governmental initiatives towards infrastructure and road development worldwide. Increasing population in the world is giving rise to more traffic demanding wider roads. The United States highway and road construction in 2015 accounted for over USD 100 billion and will grow with a substantial rate in the coming years. The product displays high viscosity, stickiness and superior water resistance and hence is preferred in the road construction activities. These...
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