Bitumen is one of the most widely used products in the world, with an estimated 85% being used annually as the binder in asphalt for roads and other paved areas such as airports, writes Patrick Smith.
Indeed, world demand for asphalt is projected to rise 3.6%/year through to 2017 from a weak 2012 base to 121 million tonnes or 734 million barrels, according to a new World Asphalt study from The Freedonia Group, the Cleveland, USA-based industry market research company.
The Asia/Pacific region has overt