If you want to get bitumen prices, you should use an API. In this article, we discover one that is very practical to developers.
Bitumen is a viscous, black, high-density mixture of organic substances that is completely soluble in carbon disulfide and is primarily composed of polycyclic aromatic hydrocarbons. It is a generic term for a variety of natural substances composed primarily of carbon and hydrogen that burn with flame, thick smoke, and a peculiar odor.
Sulfur and heavy metals such as nickel, vanadium, lead, chromium, mercury, as well as arsenic, selenium, and other elements, are found in the majority of bitumens. Bitumens can effectively preserve plants and animals that form fossils in rocks.
Meteorites, archaic rocks, copper and zinc mineralization, and caves all contain bitumen. It’s plausible that bitumen was the primary material constituted during the earth’s accumulation and was filtered by bacteria that eat hydrocarbons.
Bitumen is commonly used in the production of asphalt and roofing. Its waterproof and adherend characteristics make it an ideal product for these applications. It is also very essential in road building. Asphalt is a bituminous binder mixture with mineral aggregate (stone), sand, and filler, with about 5% by weight of bitumen.
Bitumen Market
There are over 4,000 hot mix asphalt plants in Europe alone, producing over 300 million tons of asphalt per year. Bitumen membranes repel water and are extremely flexible, making them an ideal material for waterproofing. Low-sloped roofs are frequently waterproofed with bitumen membranes.
COVID-19 hurt the market in 2020, but it grew positively in 2021. In the near term, increased road construction and repair operations, as well as growing demand for bitumen as a filler, adhesive, and sealant from the commercial and residential building construction sectors, drive the bitumen market’s growth.
Several large infrastructure building assets are also being seen in Middle Eastern countries, where approximately 1,069 road projects were underway as of February 2020, which is expected to boost market demand for road development and maintenance practices. The Asia-Pacific region’s strong growth in building projects is also predicted to drive market growth during the forecast period.
Use An API
This material has numerous applications in the construction industry, not only for buildings but also for something as vital to urbanization as roads. As a result, when it comes to investing in this metal, whether for its use in production, procuring, or futures contracts, it is critical to monitor bitumen prices daily.
An API is incredibly helpful for this because it allows you to integrate pre-programmed data that is constantly updated into your websites or applications. As a result, developers frequently employ them. You need one that has solid statistics and is simple to program in this case.
As a result, we suggest Metals-API, which comes with full documentation and can be used in PHP, JSON, or Python. This API, in furthermore despite being extremely feasible and simple, has dependable and up-to-the-minute data. It obtains its data from strongly credible sources, which is why it is an LBMA rates API.
About Metals-API
Metals-API is among the most renowned API possibilities because of its vast and available data. You can discover the metal you’re searching for, from the most well-known metals like gold, bronze, and rhodium to those that are being discussed in the new market, like bitumen, titanium, or lithium.
This API will make it significantly easier for you to develop into a specialist in the precious metals business, as you will be ready to see both current and historical rates, as well as examine price fluctuations to better understand market activity. You can also view the prices in the currency or currencies of your choice.