- Water Proofing
- Protective Coating
- Corrosion Prevention
The North America Bituminous Paints market estimated to be valued US$ XX Mn in 2021 and poised to grow at significant CAGR over 202-2028. Increasing number of applications, technological advancements, huge spending on R&D and rapid industrialization in developing countries are some of the key factors fostering the market growth. There is a high demand for bituminous paints across the industry owing to its corrosion and weather proof properties. They are easy to use and can be applied to the desired surface using conventional painting techniques such as spraying and paint brushes. The demand for these paints is also increasing in the marine and aviation sectors. Applications of bituminous paints include waterproofing, protective coating, corrosive, concrete, and steel. They are primarily used for waterproofing and are thus, used in painting pipes, machinery, and water tanks. Continuous research and development activities are expected to widen the scope of applications of bituminous paints, thereby augmenting the growth of the market in the near future. North America Bituminous Paints market is surging owing to frequent acquisitions and launchings by the market players. For Instance, Saudi Bitumen Industries and Hebei Tuohua Metal Products Co., Ltd. continuous investments in R&D and expansion in production capacity.
Bituminous paints are harmful to aquatic life when released in water in large quantities. Furthermore, various health hazards such as dizziness and skin itching caused due to bituminous paints are major factors restraining bituminous pains market growth. There are also strict environmental regulations which is further hindering North America bituminous paints demand.
2021 is the base year and 2028 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
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