Bitumen: Global Strategic Business Report

Global Bitumen Market to Reach $112.9 Billion by 2030

The global market for Bitumen estimated at US$92.4 Billion in the year 2022, is projected to reach a revised size of US$112.9 Billion by 2030, growing at a CAGR of 2.5% over the analysis period 2022-2030. Paving Grade Bitumen, one of the segments analyzed in the report, is projected to record 2.5% CAGR and reach US$78.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Oxidized Bitumen segment is readjusted to a revised 3.1% CAGR for the next 8-year period.

The U.S. Market is Estimated at $24.6 Billion, While China is Forecast to Grow at 4.6% CAGR

The Bitumen market in the U.S. is estimated at US$24.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$23.7 Billion by the year 2030 trailing a CAGR of 4.6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.6% and 1.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 1.1% CAGR.

Select Competitors (Total 27 Featured) -

• Bouygues SA
• BP PLC
• Chevron Corporation
• China Petroleum & Chemical Corporation (SINOPEC)
• Exxon Mobil Corporation
• Indian Oil Corporation Ltd.
• JX Nippon Oil & Energy Corporation
• Marathon Petroleum Company LP
• NuStar Energy LP
• Nynas AB
• Petroleos Mexicanos
• Shell International B.V.
• Valero Energy Corporation

What's New?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and the publisher's Research Platform
• Complimentary updates for one year