The north america bituminous paints market is projected to reach USD x million in 2023, registering at a Compound Annual Growth Rate (CAGR) of x% during the forecast period 2024-2030. The growth of the market is majorly driven by the construction sector significantly contributes to the demand for bituminous paints.
One important category of waterproof coating materials is bituminous paints, sometimes referred to as asphalt coatings. These paints have a significant bitumen content, which gives them their distinctive black hue. Coal tar and drying oils are also ingredients. They provide defense against rust, harmful chemicals, water, vapor, UV radiation, and corrosion. Because bituminous paint is affordable, adaptable, and long-lasting, it is a popular option for a variety of applications. Bituminous paints provide an affordable way to increase the durability and lifetime of roofs. There is an increasing need for long-lasting roof coatings due to the growth in building, particularly in the residential and commercial sectors.
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The north america bituminous paints market segmentation:
1. By Product: Water Proofing, Protective Coating and Corrosion Prevention.
2. By Application: Construction Industry, Steel Industry and Others
Barrier Coatings: By forming a shield, these coatings physically separate the substrate from its surroundings. They shield the underlying metal from the effects of air, water, and electrolytes1. Think of it as a barrier that keeps dangerous things out. Coatings that inhibit corrosion: These coatings have chemicals in them. They protect the metal surface by actively preventing the electrochemical reaction from happening. Consider them as investigators of corrosion, upsetting the toxic chemistry.
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The prominent key players operating in the north america bituminous paints market is Saudi Bitumen Industries (Saudi Arabia) Hebei Tuohua Metal Products Co., Ltd. (Hebei) Tianjin Haiyunda Metal Material Co., Ltd. (Tianjin) Juno Bitumix Pvt. Ltd. (India) Gulf Petrochem (London) Swastik Tar industries (India) Berger Paints (India) Twin Aces Industries Inc. (Philippines)
Scope of The Report:
- The north america bituminous paints market research report includes historical data, trending features, and market growth estimates for the future.
- The qualitative and quantitative analysis of the market along with CAGR calculation for the forecast period.
- The market report helps to provide the best results for business enhancement and business growth.
- The report gives a comprehensive overview of both primary and secondary data.
- The market key players covered here to help them strengthen their place in the market.
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