Bitumen Price June 2020

New Steel Drum Bitumen Price June 2020

Months1st Week2nd Week 3rd Week 4th Week
June220-230250-260235-245235-245

Bulk Bitumen Price June 2020

Months1st Week2nd Week 3rd Week 4th Week
June150-165170-180155-165155-165

Pasargad Embossed Bitumen Price June 2020

Months1st Week2nd Week 3rd Week 4th Week
June230-245260-270245-255245-255

Jey Embossed Bitumen Price June 2020

Months1st Week2nd Week 3rd Week 4th Week
June230-245260-270245-255245-255

Bitumen Price June 2020

To better understand the global bitumen market and the strategy of bitumen price June 2020, experts divide it into three main sections: the type of bitumen, the type of its application (applicant industry), and the consumption region. The main types of bitumen that have the highest consumption are road bitumen (penetration grades), oxidized bitumen, PMB (a type of bitumen that improves its physical properties by adding polymers), and bitumen emulsions.

PMB probably has the largest share of global bitumen market growth over the next six years. This type of bitumen, which has high application in repairing and covering various roads and industries, has high viscosity. These features allow the final product to withstand high pressures. Demand for bitumen and asphalt products for road construction will remain high, as road construction continues to increase around the world. This process depends on the budget of governments for the construction, repair, and maintenance of roads and highways. Henceforth, the bitumen price June 2020 and coming months will have some unexpected changes.

What are the forecasts telling about the future bitumen price?

An examination of the statistics of the last decade shows that the process of building roads, highways, and streets in different parts of the world has been on the rise.

This is an important factor affecting bitumen price June 2020. Population growth and improved living standards, along with increased car production, have been among the main reasons for changes in bitumen price June 2020 and other coming months. Over the next six years, global road construction growth is projected to reach about 4 percent. Insulation and waterproofing are also among the most important uses of bitumen. The global share of this product is expected to reach about $ 15 billion by 2024. The waterproof nature of bitumen has led to its widespread use in the plumbing and roofing industries. Experts divide the world’s bitumen consumption zones into five main areas; North America, Latin America, Europe, Asia-Pacific, and the Middle East-Africa.

How are the bitumen demands in the world?

In 2015, North America had the highest demand for bitumen, and this trend is expected to continue until 2024. Increasing government funding for the repair and development of existing roads and the construction of new highways are among the reasons for the growth in demand and consumption of bitumen in this area.

On the other hand, the growing trend of housing renovation in the United States will lead to an increase in the use of waterproof products, which has a direct impact on increasing bitumen demand and bitumen price June 2020. The two regions of Latin America and the Middle East-Africa will also see an increase in demand for bitumen due to the government’s determination to develop economic and trade infrastructure. The bitumen market in the Asia-Pacific region (mainly China, India, and Japan) is expected to grow by about 5% annually by 2024. In terms of market volume, this region ranks first.