Project Report For Bitumen Plant
Project report for Bitumen Plant is as follows.
The bituminous materials are utilised in road building and waterproofing. Cost and durability are important problems for the principal application, road building.
The Government of India (GoI) has undertaken large road network building activities in North India, including national highways projects in Uttar Pradesh and Punjab. The maintenance and repair of rural roads created under the PMGSY in Haryana, Rajasthan, Uttarakhand, and Himachal Pradesh is expected to enhance demand for bitumen in these regions, propelling the North Indian bitumen market.
In 2018, the paving grade bitumen market grew significantly due to increased road-building activity throughout the nation. Projects like Bharatmala, national highways, and economic corridors throughout the country drive demand for bitumen emulsion. The government of India’s attempts to build roads in rural areas, such as the Pradhan Mantri Gram Sadak Yojana (PMGSY), and to upgrade, maintain, and repair existing rural roads, national highways, and expressways, are expected to drive the Indian bitumen market.
In 2018, the road construction sector dominated the market. Highways, state highways, country roads, and airport runways are included in road building. To improve infrastructure, the government has launched several road projects, including national and state roads, expressways, and airports.
Market potential & Strategy
The research analyses the existing and future trends in the Indian bitumen market from 2018 to 2026 to identify current and future investment possibilities. The paper explains the major drivers, barriers, and opportunities in the Indian bitumen industry.
The Indian bitumen market was worth $2.8 billion in 2018 and is expected to reach $3.6 billion by 2026, increasing at a 2.8% CAGR.
Bitumen is a sticky black to a dark brown liquid made up of high molecular weight hydrocarbons. It is a semi-solid hydrocarbon created by distilling light fractions (such LPG, petrol, and diesel) from heavy crude oil during refining. Bitumen has good adhesion, water resistance, hardness, ductility, and a greater softening point.
The development in road and building construction activity is driving the Indian bitumen market. The building of numerous roads, expressways, and airport runways increases the demand for bitumen. Asphalt is made from bitumen. Increased government investments in the development of national highways and expressways, such as two-landing of highways, a six-lane of crowded stretches of the Golden Quadrilateral, and last-mile connectivity, are also expected to drive the market. A high softening point and stickiness make bitumen a popular choice for roofing in the building sector. As a result of rising urban populations and the need for new homes, bitumen consumption increased throughout the nation. The government’s Pradhan Mantri Awas Yojana (PMAY), which involves building dwellings for impoverished people in rural and urban regions, is also expected to boost demand for bitumen, boosting the Indian bitumen industry.
The Indian bitumen market is split by type, application, and region. Concrete grade, oxidized to form, poly(n, and bitumen emulsifiers It is used in road building, waterproofing, and other industries. North India, East India, Northeast India, South India, and West India are studied.
However, concerns about human and environmental health, changing worldwide crude oil costs, and increased usage of concrete in road building are projected to slow market development. The market is also expected to benefit from the development of bio-based bitumen and EME (Enrobés á Module Elevé) binder.
Create 100% Bankable Project Report