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Brazil Industrial Control System (ICS) Market Expanding To Reach USD 1.9 Billion by 2025

According to Goldstein Research, Brazil ICS market is expected to reach USD 1.9 billion by 2025, growing at a CAGR of 8.93% over the forecast period 2017-2025. The factors such as automated industrial environment and use of advanced technologies such as robotics are increasing the demand for efficient and secure industrial solutions and thus driving the growth of industrial control system market in Brazil. Brazil ICS market segmentation has been carried out on the basis of the control system, applications, end users, and geography. The multiple processes in the manufacturing industry which require effective monitoring and automation of the processes. Thus the Manufacturing industry segment of the end users accounts for a market share of 25.68% in 2017. Brazil ICS market has immense growth opportunities owing to the fact that Brazil is a developing country and thus it facilitates developmental activities in the power and energy and transportation industry. Moreover, the growing
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Shell’s Innovation: Emerging Trade of Bitumen Worldwide






Shell’s research location is spread worldwide with over 10,000 out of 90,000 employees working in Projects and Technology division. The Bangalore Research and Development Centre is the major driver in the Shell Bitumen trade worldwide, selling around 12,000 tonnes of bitumen daily to 1,600 clients in 28 countries surfacing 450 kms of roads every day. Scientists have been working at a molecular level to make bitumen possess the properties necessary to make it more durable, sustainable and energy-efficient.According to market research study conducted by Goldstein Research, Global Bitumen market is anticipated to reach USD 110 Billion by the end of 2024. In contrast to the major players looking for business expansion, Middle East and Africa bitumen market in anticipated to be most opportunistic geographical segment with hot investment opportunities.

In 2016, waterproofing application market was valued at USD 8.78 billion. On the basis of product segments, paving bitumen market is forecast to witness gains more than 2.25% compound annual growth rate over the forecast period. Government initiatives towards betterment of highway connectivity infrastructure are playing a major role in growth of bitumen market all across the globe. Significant expansion on account of the growing need for rebuilding existing assets such as bridges, highways, and buildings, increasing modern construction systems having waterproofed flat roofs, long supply chain, rapid urbanization in emerging markets, increase in traffic require wider roads and characteristics like water insolubility, superior water resistance, high stickiness and viscosity tends to drive the bitumen market all across the globe.

Overall construction expenditure was valued at approximately USD 9.46 trillion in 2016 and is anticipated to mark USD 12.75 trillion by 2024, the current market scenario with increasing investment in development of infrastructure is showing an early sign of strong of the market in upcoming future.

To know more information browse to full market report - https://www.goldsteinresearch.com/report/bitumen-market-outlook-2024-global-opportunity-and-demand-analysis-market-forecast-2016-2024


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