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Global Bitumen Market, By Product Grade (Paving Grade, Industrial & Polymer Modified), By Application (Paving, Roofing & Others), By Region, Competition, Forecast & Opportunities, 2024

  • ID: 4846579
  • Report
  • Region: Global
  • 116 pages
  • TechSci Research
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The Global Bitumen Market was Valued at Over $ 44.7 Billion in 2018 and is Poised to Grow at CAGR of Over 6% During Forecast Period.

FEATURED COMPANIES

  • Bouygues S.A.
  • CNPC
  • Exxon Mobil
  • IOCL
  • NuStar Energy L.P
  • Petroleos Mexicanos
  • MORE
The Global Bitumen Market was valued at over $ 44.7 billion in 2018 and is poised to grow at CAGR of over 6% during forecast period. Growth of the market is led by increasing investments by the governments of different economies for the maintenance & repair and construction of roads. Roads made with bitumen have high viscosity, stickiness and water resistance, which is stimulating its adoption for road construction. Additionally, hydrocarbon mixture due to its water proofing properties, also finds application in water tank manufacturing, tennis courts, runways and barn floors, among others. However, release of toxic gases due to the heating of bitumen and cement as an alternative for bitumen for the construction, is impeding the growth of the market.

The Global Bitumen Market can be segmented based on product grade, application and region. In terms of product grade, the market can be segmented into paving, industrial and polymer modified. Of all, paving product grade dominates the Global Bitumen Market and the trend is likely to maintain its dominance during forecast period as well. However, polymer modified segment is anticipated to witness the fastest CAGR during forecast period due to its growing usage in industrial applications and road surfacing. Addition of polymers to the bitumen enhances the resistance to deformation of the mixture, which is further anticipated to promote the growth of this segment over the coming years.

Regionally, the market for bitumen is gaining traction and expanding to various regions including Asia-Pacific, Europe, North America, South America and Middle East & Africa. Among these regions, Asia-Pacific dominates the market on account of rising demand for expanding land connectivity in economies such as China, India, Japan, among others. Moreover, increasing population, high standard of living and high vehicle ownership in the region, which is resulting in surge in traffic, is leading to the construction of new flyovers and roads, thereby further driving the demand for bitumen in the region.

Major players operating in the Global Bitumen Market include China National Petroleum Corporation (CNPC), Indian Oil Corporation Limited (IOCL), Total S.A., Exxon Mobil Corporation, Royal Dutch Shell Plc, Sinopec, Valero Energy Corporation, Bouygues S.A., NuStar Energy L.P., Villas Austria GmbH, Marathon Oil Corporation, Nynas AB, Kraton Corporation, etc., are some of the leading players operating in the Global Bitumen Market. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.

Years considered for this report:
  • Historical Years: 2014-2017
  • Base Year: 2018
  • Estimated Year: 2019
  • Forecast Period: 2020–2024
Objective of the Study:
  • To analyze and forecast the market size of the Global Bitumen Market.
  • To classify and forecast the Global Bitumen Market based on product grade, application and regional distribution.
  • To identify drivers and challenges for the Global Bitumen Market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Global Bitumen Market.
  • To conduct pricing analysis for the Global Bitumen Market.
  • To identify and analyze the profile of leading players operating in the Global Bitumen Market.
Some of the leading players in the Global Bitumen Market are China National Petroleum Corporation (CNPC), Indian Oil Corporation Limited (IOCL), Total S.A., Exxon Mobil Corporation, Royal Dutch Shell Plc, Sinopec, Valero Energy Corporation, Bouygues S.A., NuStar Energy L.P., Villas Austria GmbH, Marathon Oil Corporation, Nynas AB, Kraton Corporation, etc.

The author performed both primary as well as exhaustive secondary research for this study. Initially, they sourced a list of manufacturers across the globe. Subsequently, conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, they could include the manufacturers which could not be identified due to the limitations of secondary research. They analyzed the manufacturers, distribution channels and presence of all major players across the globe.

The author calculated the market size of the Global Bitumen Market by using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. they sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.

Key Target Audience:
  • Road construction and repair companies
  • Research organizations and consulting companies
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to Bitumen
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on the market opportunities.

Report Scope:

In this report, the Global Bitumen Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Market, By Product Grade:
  • Paving
  • Industrial
  • Polymer Modified
Market, By Application:
  • Paving
  • Roofing
  • Others
Market, By Region:
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Indonesia
  • Europe
  • Russia
  • France
  • Germany
  • United Kingdom
  • Italy
  • North America
  • United States
  • Canada
  • Mexico
  • South America
  • Brazil
  • Venezuela
  • Argentina
  • Middle East & Africa
  • Saudi Arabia
  • South Africa
  • UAE
  • Qatar
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Bitumen Market.

Available Customizations:
With the given market data, the author offers customizations according to a client’s specific needs.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Bouygues S.A.
  • CNPC
  • Exxon Mobil
  • IOCL
  • NuStar Energy L.P
  • Petroleos Mexicanos
  • MORE
1. Product Overview

2. Research Methodology

3. Executive Summary

4. Voice of Customer
4.1. Factors to be considered for product selection
4.2. Factors influencing purchase decision
4.3. Challenges/issues faced post purchase
4.4. Unmet needs

5. Global Bitumen Industry Overview

6. Global Bitumen Market Outlook
6.1. Market Size and Forecast
6.1.1. By Value
6.1.2. By Volume
6.2. Market Share and Forecast
6.2.1. By Product Grade (Paving, Industrial, Polymer Modified Binders)
6.2.2. By Application (Paving, Roofing, Others)
6.2.3. By Company
6.2.4. By Region
6.3. Market Attractive Index

7. Asia-Pacific Bitumen Market Outlook
7.1. Market Size and Forecast
7.1.1. By Value
7.1.2. By Volume
7.2. Market Share & Forecast
7.2.1. By Product Grade
7.2.2. By Application
7.2.3. By Country
7.3. China Bitumen Market Outlook
7.3.1. Market Size and Forecast
7.3.1.1. By Value
7.3.1.2. By Volume
7.3.2. Market Share and Forecast
7.3.2.1. By Product Grade
7.3.2.2. By Application
7.4. India Bitumen Market Outlook
7.4.1. Market Size and Forecast
7.4.1.1. By Value
7.4.1.2. By Volume
7.4.2. Market Share and Forecast
7.4.2.1. By Product Grade
7.4.2.2. By Application
7.5. Japan Bitumen Market Outlook
7.5.1. Market Size and Forecast
7.5.1.1. By Value
7.5.1.2. By Volume
7.5.2. Market Share and Forecast
7.5.2.1. By Product Grade
7.5.2.2. By Application
7.6. South Korea Bitumen Market Outlook
7.6.1. Market Size and Forecast
7.6.1.1. By Value
7.6.1.2. By Volume
7.6.2. Market Share and Forecast
7.6.2.1. By Product Grade
7.6.2.2. By Application
7.7. Australia Bitumen Market Outlook
7.7.1. Market Size and Forecast
7.7.1.1. By Value
7.7.1.2. By Volume
7.7.2. Market Share and Forecast
7.7.2.1. By Product Grade
7.7.2.2. By Application
7.8. Indonesia Bitumen Market Outlook
7.8.1. Market Size and Forecast
7.8.1.1. By Value
7.8.1.2. By Volume
7.8.2. Market Share and Forecast
7.8.2.1. By Product Grade
7.8.2.2. By Application

8. Europe Bitumen Market Outlook
8.1. Market Size and Forecast
8.1.1. By Value and Volume
8.2. Market Share & Forecast
8.2.1. By Product Grade
8.2.2. By Application
8.2.3. By Country
8.3. Russia Bitumen Market Outlook
8.3.1. Market Size and Forecast
8.3.1.1. By Value
8.3.1.2. By Volume
8.3.2. Market Share and Forecast
8.3.2.1. By Product Grade
8.3.2.2. By Application
8.4. France Bitumen Market Outlook
8.4.1. Market Size and Forecast
8.4.1.1. By Value
8.4.1.2. By Volume
8.4.2. Market Share and Forecast
8.4.2.1. By Product Grade
8.4.2.2. By Application
8.5. Germany Bitumen Market Outlook
8.5.1. Market Size and Forecast
8.5.1.1. By Value
8.5.1.2. By Volume
8.5.2. Market Share and Forecast
8.5.2.1. By Product Grade
8.5.2.2. By Application
8.6. United Kingdom Bitumen Market Outlook
8.6.1. Market Size and Forecast
8.6.1.1. By Value
8.6.1.2. By Volume
8.6.2. Market Share and Forecast
8.6.2.1. By Product Grade
8.6.2.2. By Application
8.7. Italy Bitumen Market Outlook
8.7.1. Market Size and Forecast
8.7.1.1. By Value
8.7.1.2. By Volume
8.7.2. Market Share and Forecast
8.7.2.1. By Product Grade
8.7.2.2. By Application

9. North America Bitumen Market Outlook
9.1. Market Size and Forecast
9.1.1. By Value
9.1.2. By Volume
9.2. Market Share & Forecast
9.2.1. By Product Grade
9.2.2. By Application
9.2.3. By Country
9.3. United States Bitumen Market Outlook
9.3.1. Market Size and Forecast
9.3.1.1. By Value
9.3.1.2. By Volume
9.3.2. Market Share and Forecast
9.3.2.1. By Product Grade
9.3.2.2. By Application
9.4. Canada Bitumen Market Outlook
9.4.1. Market Size and Forecast
9.4.1.1. By Value
9.4.1.2. By Volume
9.4.2. Market Share and Forecast
9.4.2.1. By Product Grade
9.4.2.2. By Application
9.5. Mexico Bitumen Market Outlook
9.5.1. Market Size and Forecast
9.5.1.1. By Value
9.5.1.2. By Volume
9.5.2. Market Share and Forecast
9.5.2.1. By Product Grade
9.5.2.2. By Application

10. South America Bitumen Market Outlook
10.1. Market Size and Forecast
10.1.1. By Value
10.1.2. By Volume
10.2. Market Share & Forecast
10.2.1. By Product Grade
10.2.2. By Application
10.2.3. By Country
10.3. Brazil Bitumen Market Outlook
10.3.1. Market Size and Forecast
10.3.1.1. By Value
10.3.1.2. By Volume
10.3.2. Market Share and Forecast
10.3.2.1. By Product Grade
10.3.2.2. By Application
10.4. Venezuela Bitumen Market Outlook
10.4.1. Market Size and Forecast
10.4.1.1. By Value
10.4.1.2. By Volume
10.4.2. Market Share and Forecast
10.4.2.1. By Product Grade
10.4.2.2. By Application
10.5. Argentina Bitumen Market Outlook
10.5.1. Market Size and Forecast
10.5.1.1. By Value
10.5.1.2. By Volume
10.5.2. Market Share and Forecast
10.5.2.1. By Product Grade
10.5.2.2. By Application

11. Middle East & Africa Bitumen Market Outlook
11.1. Market Size and Forecast
11.1.1. By Value
11.1.2. By Volume
11.2. Market Share & Forecast
11.2.1. By Product Grade
11.2.2. By Application
11.2.3. By Country
11.3. Saudi Arabia Bitumen Market Outlook
11.3.1. Market Size and Forecast
11.3.1.1. By Value
11.3.1.2. By Volume
11.3.2. Market Share and Forecast
11.3.2.1. By Product Grade
11.3.2.2. By Application
11.4. South Africa Bitumen Market Outlook
11.4.1. Market Size and Forecast
11.4.1.1. By Value
11.4.1.2. By Volume
11.4.2. Market Share and Forecast
11.4.2.1. By Product Grade
11.4.2.2. By Application
11.5. UAE Bitumen Market Outlook
11.5.1. Market Size and Forecast
11.5.1.1. By Value
11.5.1.2. By Volume
11.5.2. Market Share and Forecast
11.5.2.1. By Product Grade
11.5.2.2. By Application
11.6. Qatar Bitumen Market Outlook
11.6.1. Market Size and Forecast
11.6.1.1. By Value
11.6.1.2. By Volume
11.6.2. Market Share and Forecast
11.6.2.1. By Product Grade
11.6.2.2. By Application

12. Market Dynamics
12.1. Drivers
12.2. Challenges

13. Market Trends & Developments

14. Pricing Analysis

15. Competitive Landscape
15.1. Competition Benchmarking
15.2. Company Profiles (Leading companies)
15.2.1. CNPC
15.2.2. IOCL
15.2.3. Total S.A.
15.2.4. Exxon Mobil
15.2.5. Valero Energy Corporation
15.2.6. Royal Dutch Shell Plc
15.2.7. JX Nippon Oil & Energy Corporation
15.2.8. Petroleos Mexicanos
15.2.9. Bouygues S.A.
15.2.10. NuStar Energy L.P

16. Strategic Recommendations

(Note: The companies list can be customized based on the client requirements)
Note: Product cover images may vary from those shown
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  • CNPC
  • IOCL
  • Total S.A.
  • Exxon Mobil
  • Valero Energy Corporation
  • Royal Dutch Shell Plc
  • JX Nippon Oil & Energy Corporation
  • Petroleos Mexicanos
  • Bouygues S.A.
  • NuStar Energy L.P
Note: Product cover images may vary from those shown
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