Bitumen and asphalt are the crude oil products, generally used as a binder in construction activities, especially in roads construction. As bitumen and asphalt are always exposed to road traffic load and environmental conditions, hence their quality needs to be checked for maintaining the durability.
Rapidly growing construction industry, especially road construction sector and increasing demand for bitumen and asphalt along with its quality testing are boosting the bitumen and asphalt testing services market.
Increasing demand for testing of construction material, including bitumen and asphalt to maintain the quality and durability of construction work is ultimately driving the bitumen and asphalt testing services market. Bitumen and asphalt testing services include various testing types such as ductility testing, penetration testing, density testing, and other types.
Mandatory road and pavement standards like ASTM's road and paving standard to examine and evaluate paving materials creates the need for bitumen and asphalt testing, which ultimately accelerates the bitumen and asphalt testing services market growth globally. This standard provides the aggregate specification and standard sizes of aggregate.
Usage of bitumen and asphalt in construction industry is gaining traction
Construction Industry is one of the rapidly growing industries across the globe. Engineers now consider bitumen and asphalt as a vital construction material. Increasing focus on improving quality in construction, especially in roads and highway construction with quality testing of bitumen and asphalt is expected to witness the significant market growth of the bitumen and asphalt testing services over the forecast period.
Various countries are investing a tremendous amount of capital investment in real estate to improve the infrastructure facilities. Increasing need for bitumen and asphalt in real estate to improve the infrastructure facility is ultimately contributing to the growth of the bitumen and asphalt testing services market.
On the other hand, there are few restraints such as ineffective sampling of bitumen and asphalt while testing, and inappropriate sample handling which is hampering the growth of the bitumen and asphalt testing services market. Slower growth rate of the construction industry in undeveloped regions is also hindering the bitumen and asphalt testing services market growth.
Key Bitumen and Asphalt Testing Services providers are Intertek Group plc, SGS SA, Geos Laboratories, HiQA Geotechnical, PRI, Bowser-Morner, IR SOLUTIONS, and Cooper Group.
Technological development, innovations, infrastructure development in North America region are one of the important factors that are boosting the bitumen and asphalt testing services market. Stringent material testing standards in this region are also boosting the growth of bitumen and asphalt testing services market.
Other factors such as Increasing bitumen and asphalt production along with the Crude oil production in Europe region is propelling the bitumen and asphalt testing services market growth. Increasing focus on quality construction, especially road projects in the APEJ region is also driving the bitumen and asphalt testing services market.
On the other hand, capital investments in infrastructure sector in the MEA region is accelerating the bitumen and asphalt testing services market growth.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.
On the Basis of test type, Bitumen and asphalt testing services market segmented into
On the Basis of End Use, Bitumen and asphalt testing services market segmented into
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Bitumen and Asphalt Testing Services Market
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