A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Bituminous
Paints
market. The study,
titled “Bituminous
Paints Market - Global Industry Analysis, Size, Share, Growth, Trends
and Forecast 2014 - 2020”,
is available for sale on the firm’s website.
Bituminous
paints are paints containing high quantity of bitumen, a highly
viscous, sticky and black colored liquid compound. Bitumen contains
high quantity of hydrocarbons and is a petroleum product with tar
like appearance. Bitumen is produced by fractional distillation of
crude oil or crude oil based products. Crude oil is processed at a
temperature generally between 300 to degree Celsius to 350 degree
Celsius. Heated crude oil is then processed in a distillation column
to separate light fractions of the oil by vaporization. The fractions
with higher boiling point remaining in the distillation column are
then processed in a vacuum distillation column. Vacuum distillation
process leads to production of short residue which is then used to
manufacture various grades of bituminous paints as per the end use.
Get
PDF Brochure for more Professional and Technical insights :
Application
of bituminous paints include anti corrosive, protective coating,
steel, wood, concrete, water proofing and timber among several
others. Setting time for bituminous paints is dependent on the grade
of the paint and generally varies from 6 hours to 24 hours.
Bituminous paints were mainly used as waterproofing material for
boats, with increasing research and development in the market the
application of the paints have increased. Major end user industries
for bituminous paints include construction, aviation, marine and
furniture among others.
Bituminous
paints are supplied as ready to use and generally do not require any
thinner or external agents to be added to the paints before use.
Application of bituminous paints on the desired surface is commonly
done using simple paint brushes, spraying and other such easy
traditional painting techniques. Therefore, bituminous paints are
easy to use, which has been among foremost factors driving demand for
bituminous paints. Bituminous paints are mainly used for commercial
purposes such as machinery, water tanks, pipes, etc. Owing to which,
demand for bituminous paints is profoundly dependent on the
industrial investments in any region. Macroeconomic factors such as
GDP growth is also among major growth drivers for bituminous paints
market.
Major
feedstock required for the production of bituminous paints includes
crude oil and its derivatives. Volatile pricing of crude oil has led
to obscure profitability forecast in the bituminous paints market
which is a major factor restraining market growth for bituminous
paints. Bituminous paints are hazardous to the environment and when
released in water, pose severe threat to aquatic life. Furthermore,
bituminous paints also cause several health hazards in humans
including skin cracking, dizziness, etc. The health and environmental
hazards associated with bituminous paints has led to surge in number
of regulations to control the use of these paints which has been a
major restraint for market growth. Increasing research and
development activities to produce bituminous paints from bio based
and renewable sources is anticipated to offer huge growth opportunity
in the market.
Browse
Market Research Report with ToC & Free Analysis :
Among
all the regions North America dominates the global bituminous paints
market followed by Asia Pacific. APAC is the second largest market
for bituminous paints owing to the factors such as increasing
industrial investment in the emerging economies of India and China.
Demand for bituminous paint in Europe is anticipated to grow at a
sluggish rate owing to increasing number of environmental regulations
in the region.
Some
of the major players in the bituminous paints market include Juno
Bitumix Pvt Ltd., Tianjin Haiyunda Metal Material Co., Ltd. and Hebei
Tuohua Metal Products Co., Ltd. among others.
This
research report analyzes this market on the basis of its market
segments, major geographies, and current market trends.
Geographies
analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This
report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
About
Us
Transparency
Market Research (TMR) is a market intelligence company, providing
global business information reports and services. Our exclusive blend
of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. TMR's
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and analyze information.
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data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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