Bitumen

Listing ID #4058665

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Supply Type Manufacturer, Exporter, Supplier

Preferred Buyer From : All over the world

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Product Details

Bitumen is a viscous liquid or semi-solid form of petroleum consisting of hydrocarbons and their derivatives. It is obtained by refinery processes from petroleum or found as a natural deposit. It is usually available in dark colors ranging from brown to black. The main purpose of bitumen in flexible pavements is to strongly bind and hold the other pavement components together and provide a smooth and leveled surface for moving vehicles in road construction. Current world use of bitumen is approximately 100 million tonnes per year. About 85% of all bitumen produced (grade 60/70) is used as a binder in asphalt for road construction. A further 10% is used in roofing applications and remaining 5% is used for sealing and insulating purposes.

The global bitumen market size was $66.10 billion in 2015 and is expected to reach $79.91 billion by 2024. Increasing use in various applications including roadways and rapid urbanization in emerging countries like India (building 40 km roads/day) has resulted in increasing demand for bitumen. India has a road infrastructure of 3.3 million km, the second largest road network in the world, after the US. The government has prioritized the development of roads, allocating more than 10% of total spending from 2014-19 to the road sector.

The investments would be for setting up new networks and rehabilitating existing road networks. In such a scenario, bitumen will play a vital role towards planning and execution of road construction projects in India. Based on the projected demand from upcoming projects, India’s bitumen consumption will outpace production in the coming years creating an increasing market for bitumen imports (specifically grade 60/70) used In the road construction industry.

Company Details

Elan InterTrade based out of Mumbai, India is one of the leading start-ups specifically in the international trade / procurement of Iron ore, DRI/HBI, Scrap, Ferro Alloys, Coal,Pig Iron, Bitumen, Medical Equipments etc. We also provide research and representation services for/on behalf of our customers. Our team brings with us more than 20 yrs. of industry experience along with extensive ties to associations like Sponge Iron Manufacturers’ Association (SIMA), FICCI etc.
The Indian steel industry is witnessing a huge demand via the various infrastructure/smart cities' schemes under the initiatives of the current government. From producing 90 million tons of steel in 2015, India is looking to scale up to 200 million tons by 2020 to meet these growing demands. To scale upto those levels the steel raw material industry is experiencing a high exponential growth at CAGR of 18-20%. We want to be a big part of this growth and look forward to working with our global business partners to fulfill the procurement needs of our steel customers.
Recently we have also diversified our business to get involved in the trading of bitumen which is a key component for road construction. We have procured reputed global sources of bitumen for businesses involved in roadway construction.
Lastly we are also foraying into the Healthcare market realizing the huge underlying potential. We are looking to procure medical equipments’ for our Indian Healthcare providers to meet their ever-increasing demand of quality patient care.