Market Overview:
The global BIT market is expected to grow from USD XX million in 2018 to USD XX million by 2030, at a CAGR of X.X%. The growth of the BIT market is mainly driven by the increasing demand for BIT in various applications such as paints, adhesives, cosmetics, household cleaning, water treatment, paper industry and others. Asia Pacific is expected to be the fastest-growing region during the forecast period.
Product Definition:
A bit is a unit of digital information that can have one of two values, 0 or 1. The term bit is a shortened form of "binary digit.
98% min:
98% min is a measure of the lowest possible quantity of any digital currency that can be transacted for a given unit. It's used to express the size or value of an asset, such as Bitcoin, in terms of its smallest unit. The 98% figure is derived by taking the smallest Unit Of Account (UoA) that has a 1:1 correspondence with the largest Unit Of Exchange (UoE) being transacted in a given marketplace.
20%min:
20%min is the lowest price a buyer is willing to pay for any given commodity. It's used in Bitmarket to express the minimum price at which a trade can take place between two parties. The higher the 20%min, the more liquid and active market it becomes as there are many buyers & sellers willing to transact at such low prices.
In other words, if you have an item that can be sold for 0.
Application Insights:
The paint industry is one of the major application areas for the global BIT market. Paints and coatings are generally made from organic solvents, which may contain toxic ingredients. Therefore, they need to be purified before being used in paints or any other coating formulations. Purified BIT has a higher demand as it eliminates or reduces the toxic elements present in paints and coatings formulation.
Paints & coatings were among the largest consumers of purified bitumen emulsions as they offer high performance properties including water resistance, durability and flexibility at lower temperatures when compared to asphalt emulsions.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue with a share of over 40.0% in 2017. The region is expected to witness significant growth over the forecast period owing to increasing construction spending and growing automobile production, especially in China and India. Increasing demand for packaging products from developing economies such as India, China, Indonesia, Vietnam among others is also likely to drive product demand over the next eight years.
The North America market was valued at USD X billion in 2017 and is expected to grow at a CAGR of XX% from 2018 to 2030 owing to rising investments by multinational companies for expanding their business operations across emerging markets such as Asia Pacific countries due high availability low-cost raw materials & labor along with government support for attracting manufacturing units within U.S.
Growth Factors:
- Increasing acceptance of Bitcoin as a payment method by online and offline merchants.
- Increased liquidity and availability of Bitcoin through exchanges and other trading platforms.
- Growing interest from institutional investors in the cryptocurrency market.
- Regulatory clarity with regards to Bitcoin and other digital currencies, particularly in major markets such as the US, Japan and South Korea.
Scope Of The Report
Report Attributes
Report Details
Report Title
BIT Market Research Report
By Type
98% min, 20%min, 10%min, Others
By Application
Paint, Adhesives, Cosmetics, Household Cleaning, Water Treatment, Paper Industry, Others
By Companies
DOW, Bio-Chem, Xingyuan Chemistry, Dalian Tianwei Chemical, SinoHarvest, DOW
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global BIT Market Report Segments:
The global BIT market is segmented on the basis of:
Types
98% min, 20%min, 10%min, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Paint, Adhesives, Cosmetics, Household Cleaning, Water Treatment, Paper Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- DOW
- Bio-Chem
- Xingyuan Chemistry
- Dalian Tianwei Chemical
- SinoHarvest
- DOW
Highlights of The BIT Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 98% min
- 20%min
- 10%min
- Others
- By Application:
- Paint
- Adhesives
- Cosmetics
- Household Cleaning
- Water Treatment
- Paper Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the BIT Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
BIT is a digital asset that enables instant payments to anyone in the world. BIT operates on the blockchain technology and uses its own virtual currency, called BitCoin.
Some of the major players in the bit market are DOW, Bio-Chem, Xingyuan Chemistry, Dalian Tianwei Chemical, SinoHarvest, DOW.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 BIT Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 BIT Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 BIT Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the BIT Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global BIT Market Size & Forecast, 2020-2028
4.5.1 BIT Market Size and Y-o-Y Growth
4.5.2 BIT Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 98% min
5.2.2 20%min
5.2.3 10%min
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Paint
6.2.2 Adhesives
6.2.3 Cosmetics
6.2.4 Household Cleaning
6.2.5 Water Treatment
6.2.6 Paper Industry
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global BIT Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 BIT Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 98% min
9.6.2 20%min
9.6.3 10%min
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Paint
9.10.2 Adhesives
9.10.3 Cosmetics
9.10.4 Household Cleaning
9.10.5 Water Treatment
9.10.6 Paper Industry
9.10.7 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 98% min
10.6.2 20%min
10.6.3 10%min
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Paint
10.10.2 Adhesives
10.10.3 Cosmetics
10.10.4 Household Cleaning
10.10.5 Water Treatment
10.10.6 Paper Industry
10.10.7 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 98% min
11.6.2 20%min
11.6.3 10%min
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Paint
11.10.2 Adhesives
11.10.3 Cosmetics
11.10.4 Household Cleaning
11.10.5 Water Treatment
11.10.6 Paper Industry
11.10.7 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 98% min
12.6.2 20%min
12.6.3 10%min
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Paint
12.10.2 Adhesives
12.10.3 Cosmetics
12.10.4 Household Cleaning
12.10.5 Water Treatment
12.10.6 Paper Industry
12.10.7 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 98% min
13.6.2 20%min
13.6.3 10%min
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Paint
13.10.2 Adhesives
13.10.3 Cosmetics
13.10.4 Household Cleaning
13.10.5 Water Treatment
13.10.6 Paper Industry
13.10.7 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 BIT Market: Competitive Dashboard
14.2 Global BIT Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 DOW
14.3.2 Bio-Chem
14.3.3 Xingyuan Chemistry
14.3.4 Dalian Tianwei Chemical
14.3.5 SinoHarvest
14.3.6 DOW
