North America Bituminous Paints Market: By Product (Water Proofing, Protective Coating and Corrosion Prevention), By Application (Construction Industry, Steel Industry and Others) and Geography   

The North America Bituminous Paints market estimated to be valued USD XX Mn in 2023 and poised to grow at significant CAGR over 2024-2030. 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.