BITUMINOUS PAINTS MARKET ANALYSIS

Regional Analysis

Market Outlook

North America is expected to account for the largest market share owing to increasing demand for bituminous paints from the U.S. market. Asia Pacific is expected to emerge as the second largest market owing to rapid industrialization and lax environmental regulations with respect to application of bituminous paints. The flourishing construction sector in some of the large economies in Asia Pacific is estimated to propel the market growth in the region. Fairly stringent guidelines and regulations implemented by environmental agencies in Europe regarding production and sale of bituminous paints is expected to result in a comparatively slower growth of the Europe bituminous paints market.