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Bitumen Market: Global Opportunity Analysis and Industry Forecast, 2025-2034

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    Report

  • 328 Pages
  • April 2025
  • Region: Global
  • Allied Market Research
  • ID: 6119945
Description Jump to:
The global bitumen market was valued at $75.3 billion in 2024, and is projected to reach $128.3 billion by 2034, growing at a CAGR of 5.6% from 2025 to 2034. Bitumen is a dark, thick, and sticky petroleum-based substance commonly used in road construction and waterproofing. It is obtained either naturally from deposits or as a residue during the refining of crude oil. Bitumen serves as a binding agent in asphalt mixtures, holding together aggregates to create strong, flexible road surfaces. It is known for its excellent waterproofing, adhesive, and durable properties, which also make it suitable for use in roofing, sealing, and insulation. Bitumen becomes fluid when heated, allowing it to be poured and shaped, and solidifies upon cooling, providing long-lasting support. Due to its recyclability, bitumen is considered an eco-friendly option in infrastructure development and plays a crucial role in modern civil engineering projects.

The global bitumen market is experiencing significant growth, driven by various factors. One of the primary drivers is the increasing infrastructure development and road construction activities worldwide. Governments are investing heavily in transportation networks to accommodate urbanization and population growth, particularly in emerging economies. This surge in infrastructure projects has led to a heightened demand for bitumen, especially pavinggrade bitumen, which is crucial for road construction.

However, the market faces certain restraints. Environmental concerns related to the production and usage of bitumen are significant. The process emits greenhouse gases and can lead to water pollution, prompting stricter environmental regulations. Additionally, the volatility in crude oil prices affects the cost of bitumen production, impacting market stability. The availability of alternative materials like concrete, which offer longer lifespans and lower maintenance, also poses a challenge to the bitumen market.

Despite these challenges, there are ample opportunities for growth. Technological advancements in bitumen production, such as the development of polymer-modified bitumen (PMB), are creating new avenues. PMB offers enhanced performance and durability, making it suitable for various applications. Moreover, the expanding use of bitumen in waterproofing and roofing applications contributes to market growth. The demand for bitumen emulsions for pavement preservation and maintenance is also on the rise.

The global bitumen market is segmented into type, end-use industry, and region. The types covered are paving grade bitumen, oxidized bitumen, polymer modified bitumen, bitumen emulsions and others. By end-use industry, the market is classified into road construction, waterproofing, and others. Region- wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The global bitumen market profiles leading key players such as Total Energies, Royal Dutch Shell Plc, Exxon Mobil Corporation, Indian Oil Corporation Limited, Hindustan Petroleum Corporation Limited, Bharat Petroleum Corporation Limited, Oil and Natural Gas Corporation (ONGC), Sinopec Corp., RAHA Bitumen, Inc., and Tiki Tar Industries India Limited

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the bitumen market analysis from 2024 to 2034 to identify the prevailing bitumen market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the bitumen market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global bitumen market trends, key players, market segments, application areas, and market growth strategies.

Additional benefits you will get with this purchase are:

  • 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
  • Free Upcoming Version on the Purchase of Enterprise User License.
  • 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
  • 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
  • Free data Pack on the Enterprise User License. (Excel version of the report)
  • Free Updated report if the report is 6-12 months old or older.
  • 24-hour priority response*
  • Free Industry updates and white papers.

Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)

  • Manufacturing Capacity
  • Installed Base analysis
  • Investment Opportunities
  • Supply Chain Analysis & Vendor Margins
  • Upcoming/New Entrant by Regions
  • Technology Trend Analysis
  • Average Consumer Expenditure
  • Consumer Preference and Product Specifications
  • Go To Market Strategy
  • New Product Development/ Product Matrix of Key Players
  • Pain Point Analysis
  • Patient/epidemiology data at country, region, global level
  • Regulatory Guidelines
  • Surgical procedures data- specific or multiple surgery types
  • Additional company profiles with specific to client's interest
  • Additional country or region analysis- market size and forecast
  • Criss-cross segment analysis- market size and forecast
  • Expanded list for Company Profiles
  • Historic market data
  • Import Export Analysis/Data
  • Key player details (including location, contact details, supplier/vendor network etc. in excel format)
  • SWOT Analysis
  • Volume Market Size and Forecast

Key Market Segments

By Type

  • Paving Grade Bitumen
  • Oxidized Grade Bitumen
  • Polymer Modified Bitumen
  • Bitumen Emulsions
  • Others

By End-use Industry

  • Road Construction
  • Waterproofing
  • Others

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest of LAMEA

Key Market Players

  • Royal Dutch Shell plc
  • Exxon Mobil Corporation
  • Hindustan Petroleum Corporation Ltd
  • RAHA Bitumen, Inc.
  • Sinopec Corp.
  • Oil & Natural Gas Corporation (ONGC)
  • Total Energies
  • Indian Oil Corporation Limited
  • Bharat Petroleum Corporation Limited
  • Tiki Tar Industries India Ltd

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.3.1. Medium bargaining power of suppliers
3.3.2. Medium threat of new entrants
3.3.3. Medium threat of substitutes
3.3.4. Medium intensity of rivalry
3.3.5. Medium bargaining power of buyers
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Growth of the construction and infrastructure sectors
3.4.1.2. Increasing use of modified bitumen and bitumen emulsions
3.4.1.3. Geopolitical developments
3.4.2. Restraints
3.4.2.1. Environmental and regulatory challenges
3.4.2.2. Volatile pricing and dependency on crude oil
3.4.2.3. Rise of alternative materials and technologies
3.4.3. Opportunities
3.4.3.1. Adoption of innovative and sustainable bitumen products
3.5. Value Chain Analysis
CHAPTER 4: BITUMEN MARKET, BY TYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. Paving Grade Bitumen
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. Oxidized Grade Bitumen
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
4.4. Polymer Modified Bitumen
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market share analysis by country
4.5. Bitumen Emulsions
4.5.1. Key market trends, growth factors and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market share analysis by country
4.6. Others
4.6.1. Key market trends, growth factors and opportunities
4.6.2. Market size and forecast, by region
4.6.3. Market share analysis by country
CHAPTER 5: BITUMEN MARKET, BY END-USE INDUSTRY
5.1. Overview
5.1.1. Market size and forecast
5.2. Road Construction
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. Waterproofing
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country
5.4. Others
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market share analysis by country
CHAPTER 6: BITUMEN MARKET, BY REGION
6.1. Overview
6.1.1. Market size and forecast By Region
6.2. North America
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by Type
6.2.3. Market size and forecast, by End-use Industry
6.2.4. Market size and forecast, by country
6.2.4.1. U.S.
6.2.4.1.1. Market size and forecast, by Type
6.2.4.1.2. Market size and forecast, by End-use Industry
6.2.4.2. Canada
6.2.4.2.1. Market size and forecast, by Type
6.2.4.2.2. Market size and forecast, by End-use Industry
6.2.4.3. Mexico
6.2.4.3.1. Market size and forecast, by Type
6.2.4.3.2. Market size and forecast, by End-use Industry
6.3. Europe
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by Type
6.3.3. Market size and forecast, by End-use Industry
6.3.4. Market size and forecast, by country
6.3.4.1. Germany
6.3.4.1.1. Market size and forecast, by Type
6.3.4.1.2. Market size and forecast, by End-use Industry
6.3.4.2. UK
6.3.4.2.1. Market size and forecast, by Type
6.3.4.2.2. Market size and forecast, by End-use Industry
6.3.4.3. France
6.3.4.3.1. Market size and forecast, by Type
6.3.4.3.2. Market size and forecast, by End-use Industry
6.3.4.4. Spain
6.3.4.4.1. Market size and forecast, by Type
6.3.4.4.2. Market size and forecast, by End-use Industry
6.3.4.5. Italy
6.3.4.5.1. Market size and forecast, by Type
6.3.4.5.2. Market size and forecast, by End-use Industry
6.3.4.6. Rest of Europe
6.3.4.6.1. Market size and forecast, by Type
6.3.4.6.2. Market size and forecast, by End-use Industry
6.4. Asia-Pacific
6.4.1. Key market trends, growth factors and opportunities
6.4.2. Market size and forecast, by Type
6.4.3. Market size and forecast, by End-use Industry
6.4.4. Market size and forecast, by country
6.4.4.1. China
6.4.4.1.1. Market size and forecast, by Type
6.4.4.1.2. Market size and forecast, by End-use Industry
6.4.4.2. India
6.4.4.2.1. Market size and forecast, by Type
6.4.4.2.2. Market size and forecast, by End-use Industry
6.4.4.3. Japan
6.4.4.3.1. Market size and forecast, by Type
6.4.4.3.2. Market size and forecast, by End-use Industry
6.4.4.4. South Korea
6.4.4.4.1. Market size and forecast, by Type
6.4.4.4.2. Market size and forecast, by End-use Industry
6.4.4.5. Australia
6.4.4.5.1. Market size and forecast, by Type
6.4.4.5.2. Market size and forecast, by End-use Industry
6.4.4.6. Rest of Asia-Pacific
6.4.4.6.1. Market size and forecast, by Type
6.4.4.6.2. Market size and forecast, by End-use Industry
6.5. LAMEA
6.5.1. Key market trends, growth factors and opportunities
6.5.2. Market size and forecast, by Type
6.5.3. Market size and forecast, by End-use Industry
6.5.4. Market size and forecast, by country
6.5.4.1. Brazil
6.5.4.1.1. Market size and forecast, by Type
6.5.4.1.2. Market size and forecast, by End-use Industry
6.5.4.2. Saudi Arabia
6.5.4.2.1. Market size and forecast, by Type
6.5.4.2.2. Market size and forecast, by End-use Industry
6.5.4.3. South Africa
6.5.4.3.1. Market size and forecast, by Type
6.5.4.3.2. Market size and forecast, by End-use Industry
6.5.4.4. Rest of LAMEA
6.5.4.4.1. Market size and forecast, by Type
6.5.4.4.2. Market size and forecast, by End-use Industry
CHAPTER 7: COMPETITIVE LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product mapping of top 10 player
7.4. Competitive dashboard
7.5. Competitive heatmap
7.6. Top player positioning, 2024
CHAPTER 8: COMPANY PROFILES
8.1. Total Energies
8.1.1. Company overview
8.1.2. Key executives
8.1.3. Company snapshot
8.1.4. Operating business segments
8.1.5. Product portfolio
8.1.6. Business performance
8.2. Royal Dutch Shell plc
8.2.1. Company overview
8.2.2. Key executives
8.2.3. Company snapshot
8.2.4. Operating business segments
8.2.5. Product portfolio
8.2.6. Business performance
8.3. Exxon Mobil Corporation
8.3.1. Company overview
8.3.2. Key executives
8.3.3. Company snapshot
8.3.4. Operating business segments
8.3.5. Product portfolio
8.3.6. Business performance
8.4. Indian Oil Corporation Limited
8.4.1. Company overview
8.4.2. Key executives
8.4.3. Company snapshot
8.4.4. Operating business segments
8.4.5. Product portfolio
8.4.6. Business performance
8.5. Hindustan Petroleum Corporation Ltd
8.5.1. Company overview
8.5.2. Key executives
8.5.3. Company snapshot
8.5.4. Operating business segments
8.5.5. Product portfolio
8.5.6. Business performance
8.5.7. Key strategic moves and developments
8.6. Bharat Petroleum Corporation Limited
8.6.1. Company overview
8.6.2. Key executives
8.6.3. Company snapshot
8.6.4. Operating business segments
8.6.5. Product portfolio
8.6.6. Business performance
8.7. Oil & Natural Gas Corporation (ONGC)
8.7.1. Company overview
8.7.2. Key executives
8.7.3. Company snapshot
8.7.4. Operating business segments
8.7.5. Product portfolio
8.7.6. Business performance
8.8. Sinopec Corp.
8.8.1. Company overview
8.8.2. Key executives
8.8.3. Company snapshot
8.8.4. Operating business segments
8.8.5. Product portfolio
8.8.6. Business performance
8.9. RAHA Bitumen, Inc.
8.9.1. Company overview
8.9.2. Key executives
8.9.3. Company snapshot
8.9.4. Operating business segments
8.9.5. Product portfolio
8.10. Tiki Tar Industries India Ltd
8.10.1. Company overview
8.10.2. Key executives
8.10.3. Company snapshot
8.10.4. Operating business segments
8.10.5. Product portfolio
LIST OF TABLES
Table 01. Global Bitumen Market, by Type, 2024-2034 ($Million)
Table 02. Global Bitumen Market, by Type, 2024-2034 (Kiloton)
Table 03. Bitumen Market for Paving Grade Bitumen, by Region, 2024-2034 ($Million)
Table 04. Bitumen Market for Paving Grade Bitumen, by Region, 2024-2034 (Kiloton)
Table 05. Bitumen Market for Oxidized Grade Bitumen, by Region, 2024-2034 ($Million)
Table 06. Bitumen Market for Oxidized Grade Bitumen, by Region, 2024-2034 (Kiloton)
Table 07. Bitumen Market for Polymer Modified Bitumen, by Region, 2024-2034 ($Million)
Table 08. Bitumen Market for Polymer Modified Bitumen, by Region, 2024-2034 (Kiloton)
Table 09. Bitumen Market for Bitumen Emulsions, by Region, 2024-2034 ($Million)
Table 10. Bitumen Market for Bitumen Emulsions, by Region, 2024-2034 (Kiloton)
Table 11. Bitumen Market for Others, by Region, 2024-2034 ($Million)
Table 12. Bitumen Market for Others, by Region, 2024-2034 (Kiloton)
Table 13. Global Bitumen Market, by End-Use Industry, 2024-2034 ($Million)
Table 14. Global Bitumen Market, by End-Use Industry, 2024-2034 (Kiloton)
Table 15. Bitumen Market for Road Construction, by Region, 2024-2034 ($Million)
Table 16. Bitumen Market for Road Construction, by Region, 2024-2034 (Kiloton)
Table 17. Bitumen Market for Waterproofing, by Region, 2024-2034 ($Million)
Table 18. Bitumen Market for Waterproofing, by Region, 2024-2034 (Kiloton)
Table 19. Bitumen Market for Others, by Region, 2024-2034 ($Million)
Table 20. Bitumen Market for Others, by Region, 2024-2034 (Kiloton)
Table 21. Bitumen Market, by Region, 2024-2034 ($Million)
Table 22. Bitumen Market, by Region, 2024-2034 (Kiloton)
Table 23. North America Bitumen Market, by Type, 2024-2034 ($Million)
Table 24. North America Bitumen Market, by Type, 2024-2034 (Kiloton)
Table 25. North America Bitumen Market, by End-Use Industry, 2024-2034 ($Million)
Table 26. North America Bitumen Market, by End-Use Industry, 2024-2034 (Kiloton)
Table 27. North America Bitumen Market, by Country, 2024-2034 ($Million)
Table 28. North America Bitumen Market, by Country, 2024-2034 (Kiloton)
Table 29. U.S. Bitumen Market, by Type, 2024-2034 ($Million)
Table 30. U.S. Bitumen Market, by Type, 2024-2034 (Kiloton)
Table 31. U.S. Bitumen Market, by End-Use Industry, 2024-2034 ($Million)
Table 32. U.S. Bitumen Market, by End-Use Industry, 2024-2034 (Kiloton)
Table 33. Canada Bitumen Market, by Type, 2024-2034 ($Million)
Table 34. Canada Bitumen Market, by Type, 2024-2034 (Kiloton)
Table 35. Canada Bitumen Market, by End-Use Industry, 2024-2034 ($Million)
Table 36. Canada Bitumen Market, by End-Use Industry, 2024-2034 (Kiloton)
Table 37. Mexico Bitumen Market, by Type, 2024-2034 ($Million)
Table 38. Mexico Bitumen Market, by Type, 2024-2034 (Kiloton)
Table 39. Mexico Bitumen Market, by End-Use Industry, 2024-2034 ($Million)
Table 40. Mexico Bitumen Market, by End-Use Industry, 2024-2034 (Kiloton)
Table 41. Europe Bitumen Market, by Type, 2024-2034 ($Million)
Table 42. Europe Bitumen Market, by Type, 2024-2034 (Kiloton)
Table 43. Europe Bitumen Market, by End-Use Industry, 2024-2034 ($Million)
Table 44. Europe Bitumen Market, by End-Use Industry, 2024-2034 (Kiloton)
Table 45. Europe Bitumen Market, by Country, 2024-2034 ($Million)
Table 46. Europe Bitumen Market, by Country, 2024-2034 (Kiloton)
Table 47. Germany Bitumen Market, by Type, 2024-2034 ($Million)
Table 48. Germany Bitumen Market, by Type, 2024-2034 (Kiloton)
Table 49. Germany Bitumen Market, by End-Use Industry, 2024-2034 ($Million)
Table 50. Germany Bitumen Market, by End-Use Industry, 2024-2034 (Kiloton)
Table 51. UK Bitumen Market, by Type, 2024-2034 ($Million)
Table 52. UK Bitumen Market, by Type, 2024-2034 (Kiloton)
Table 53. UK Bitumen Market, by End-Use Industry, 2024-2034 ($Million)
Table 54. UK Bitumen Market, by End-Use Industry, 2024-2034 (Kiloton)
Table 55. France Bitumen Market, by Type, 2024-2034 ($Million)
Table 56. France Bitumen Market, by Type, 2024-2034 (Kiloton)
Table 57. France Bitumen Market, by End-Use Industry, 2024-2034 ($Million)
Table 58. France Bitumen Market, by End-Use Industry, 2024-2034 (Kiloton)
Table 59. Spain Bitumen Market, by Type, 2024-2034 ($Million)
Table 60. Spain Bitumen Market, by Type, 2024-2034 (Kiloton)
Table 61. Spain Bitumen Market, by End-Use Industry, 2024-2034 ($Million)
Table 62. Spain Bitumen Market, by End-Use Industry, 2024-2034 (Kiloton)
Table 63. Italy Bitumen Market, by Type, 2024-2034 ($Million)
Table 64. Italy Bitumen Market, by Type, 2024-2034 (Kiloton)
Table 65. Italy Bitumen Market, by End-Use Industry, 2024-2034 ($Million)
Table 66. Italy Bitumen Market, by End-Use Industry, 2024-2034 (Kiloton)
Table 67. Rest of Europe Bitumen Market, by Type, 2024-2034 ($Million)
Table 68. Rest of Europe Bitumen Market, by Type, 2024-2034 (Kiloton)
Table 69. Rest of Europe Bitumen Market, by End-Use Industry, 2024-2034 ($Million)
Table 70. Rest of Europe Bitumen Market, by End-Use Industry, 2024-2034 (Kiloton)
Table 71. Asia-Pacific Bitumen Market, by Type, 2024-2034 ($Million)
Table 72. Asia-Pacific Bitumen Market, by Type, 2024-2034 (Kiloton)
Table 73. Asia-Pacific Bitumen Market, by End-Use Industry, 2024-2034 ($Million)
Table 74. Asia-Pacific Bitumen Market, by End-Use Industry, 2024-2034 (Kiloton)
Table 75. Asia-Pacific Bitumen Market, by Country, 2024-2034 ($Million)
Table 76. Asia-Pacific Bitumen Market, by Country, 2024-2034 (Kiloton)
Table 77. China Bitumen Market, by Type, 2024-2034 ($Million)
Table 78. China Bitumen Market, by Type, 2024-2034 (Kiloton)
Table 79. China Bitumen Market, by End-Use Industry, 2024-2034 ($Million)
Table 80. China Bitumen Market, by End-Use Industry, 2024-2034 (Kiloton)
Table 81. India Bitumen Market, by Type, 2024-2034 ($Million)
Table 82. India Bitumen Market, by Type, 2024-2034 (Kiloton)
Table 83. India Bitumen Market, by End-Use Industry, 2024-2034 ($Million)
Table 84. India Bitumen Market, by End-Use Industry, 2024-2034 (Kiloton)
Table 85. Japan Bitumen Market, by Type, 2024-2034 ($Million)
Table 86. Japan Bitumen Market, by Type, 2024-2034 (Kiloton)
Table 87. Japan Bitumen Market, by End-Use Industry, 2024-2034 ($Million)
Table 88. Japan Bitumen Market, by End-Use Industry, 2024-2034 (Kiloton)
Table 89. South Korea Bitumen Market, by Type, 2024-2034 ($Million)
Table 90. South Korea Bitumen Market, by Type, 2024-2034 (Kiloton)
Table 91. South Korea Bitumen Market, by End-Use Industry, 2024-2034 ($Million)
Table 92. South Korea Bitumen Market, by End-Use Industry, 2024-2034 (Kiloton)
Table 93. Australia Bitumen Market, by Type, 2024-2034 ($Million)
Table 94. Australia Bitumen Market, by Type, 2024-2034 (Kiloton)
Table 95. Australia Bitumen Market, by End-Use Industry, 2024-2034 ($Million)
Table 96. Australia Bitumen Market, by End-Use Industry, 2024-2034 (Kiloton)
Table 97. Rest of Asia-Pacific Bitumen Market, by Type, 2024-2034 ($Million)
Table 98. Rest of Asia-Pacific Bitumen Market, by Type, 2024-2034 (Kiloton)
Table 99. Rest of Asia-Pacific Bitumen Market, by End-Use Industry, 2024-2034 ($Million)
Table 100. Rest of Asia-Pacific Bitumen Market, by End-Use Industry, 2024-2034 (Kiloton)
Table 101. LAMEA Bitumen Market, by Type, 2024-2034 ($Million)
Table 102. LAMEA Bitumen Market, by Type, 2024-2034 (Kiloton)
Table 103. LAMEA Bitumen Market, by End-Use Industry, 2024-2034 ($Million)
Table 104. LAMEA Bitumen Market, by End-Use Industry, 2024-2034 (Kiloton)
Table 105. LAMEA Bitumen Market, by Country, 2024-2034 ($Million)
Table 106. LAMEA Bitumen Market, by Country, 2024-2034 (Kiloton)
Table 107. Brazil Bitumen Market, by Type, 2024-2034 ($Million)
Table 108. Brazil Bitumen Market, by Type, 2024-2034 (Kiloton)
Table 109. Brazil Bitumen Market, by End-Use Industry, 2024-2034 ($Million)
Table 110. Brazil Bitumen Market, by End-Use Industry, 2024-2034 (Kiloton)
Table 111. Saudi Arabia Bitumen Market, by Type, 2024-2034 ($Million)
Table 112. Saudi Arabia Bitumen Market, by Type, 2024-2034 (Kiloton)
Table 113. Saudi Arabia Bitumen Market, by End-Use Industry, 2024-2034 ($Million)
Table 114. Saudi Arabia Bitumen Market, by End-Use Industry, 2024-2034 (Kiloton)
Table 115. South Africa Bitumen Market, by Type, 2024-2034 ($Million)
Table 116. South Africa Bitumen Market, by Type, 2024-2034 (Kiloton)
Table 117. South Africa Bitumen Market, by End-Use Industry, 2024-2034 ($Million)
Table 118. South Africa Bitumen Market, by End-Use Industry, 2024-2034 (Kiloton)
Table 119. Rest of LAMEA Bitumen Market, by Type, 2024-2034 ($Million)
Table 120. Rest of LAMEA Bitumen Market, by Type, 2024-2034 (Kiloton)
Table 121. Rest of LAMEA Bitumen Market, by End-Use Industry, 2024-2034 ($Million)
Table 122. Rest of LAMEA Bitumen Market, by End-Use Industry, 2024-2034 (Kiloton)
Table 123. Total Energies: Key Executives
Table 124. Total Energies: Company Snapshot
Table 125. Total Energies: Product Segments
Table 126. Total Energies: Product Portfolio
Table 127. Royal Dutch Shell plc: Key Executives
Table 128. Royal Dutch Shell plc: Company Snapshot
Table 129. Royal Dutch Shell plc: Product Segments
Table 130. Royal Dutch Shell plc: Product Portfolio
Table 131. Exxon Mobil Corporation: Key Executives
Table 132. Exxon Mobil Corporation: Company Snapshot
Table 133. Exxon Mobil Corporation: Product Segments
Table 134. Exxon Mobil Corporation: Product Portfolio
Table 135. Indian Oil Corporation Limited: Key Executives
Table 136. Indian Oil Corporation Limited: Company Snapshot
Table 137. Indian Oil Corporation Limited: Product Segments
Table 138. Indian Oil Corporation Limited: Product Portfolio
Table 139. Hindustan Petroleum Corporation Ltd: Key Executives
Table 140. Hindustan Petroleum Corporation Ltd: Company Snapshot
Table 141. Hindustan Petroleum Corporation Ltd: Service Segments
Table 142. Hindustan Petroleum Corporation Ltd: Product Portfolio
Table 143. Hindustan Petroleum Corporation Ltd: Key Stratergies
Table 144. Bharat Petroleum Corporation Limited: Key Executives
Table 145. Bharat Petroleum Corporation Limited: Company Snapshot
Table 146. Bharat Petroleum Corporation Limited: Product Segments
Table 147. Bharat Petroleum Corporation Limited: Product Portfolio
Table 148. Oil & Natural Gas Corporation (Ongc): Key Executives
Table 149. Oil & Natural Gas Corporation (Ongc): Company Snapshot
Table 150. Oil & Natural Gas Corporation (Ongc): Service Segments
Table 151. Oil & Natural Gas Corporation (Ongc): Product Portfolio
Table 152. Sinopec Corp.: Key Executives
Table 153. Sinopec Corp.: Company Snapshot
Table 154. Sinopec Corp.: Product Segments
Table 155. Sinopec Corp.: Product Portfolio
Table 156. Raha Bitumen, Inc.: Key Executives
Table 157. Raha Bitumen, Inc.: Company Snapshot
Table 158. Raha Bitumen, Inc.: Product Segments
Table 159. Raha Bitumen, Inc.: Product Portfolio
Table 160. Tiki Tar Industries India Ltd: Key Executives
Table 161. Tiki Tar Industries India Ltd: Company Snapshot
Table 162. Tiki Tar Industries India Ltd: Service Segments
Table 163. Tiki Tar Industries India Ltd: Product Portfolio
LIST OF FIGURES
Figure 01. Bitumen Market, 2024-2034
Figure 02. Segmentation of Bitumen Market,2024-2034
Figure 03. Top Impacting Factors in Bitumen Market (2024 to 2034)
Figure 04. Top Investment Pockets in Bitumen Market (2025-2034)
Figure 05. Medium Bargaining Power of Suppliers
Figure 06. Medium Threat of New Entrants
Figure 07. Medium Threat of Substitutes
Figure 08. Medium Intensity of Rivalry
Figure 09. Medium Bargaining Power of Buyers
Figure 10. Global Bitumen Market:Drivers, Restraints and Opportunities
Figure 11. Bitumen Market, by Type, 2024 and 2034(%)
Figure 12. Comparative Share Analysis of Bitumen Market for Paving Grade Bitumen, by Country 2024 and 2034(%)
Figure 13. Comparative Share Analysis of Bitumen Market for Oxidized Grade Bitumen, by Country 2024 and 2034(%)
Figure 14. Comparative Share Analysis of Bitumen Market for Polymer Modified Bitumen, by Country 2024 and 2034(%)
Figure 15. Comparative Share Analysis of Bitumen Market for Bitumen Emulsions, by Country 2024 and 2034(%)
Figure 16. Comparative Share Analysis of Bitumen Market for Others, by Country 2024 and 2034(%)
Figure 17. Bitumen Market, by End-use Industry, 2024 and 2034(%)
Figure 18. Comparative Share Analysis of Bitumen Market for Road Construction, by Country 2024 and 2034(%)
Figure 19. Comparative Share Analysis of Bitumen Market for Waterproofing, by Country 2024 and 2034(%)
Figure 20. Comparative Share Analysis of Bitumen Market for Others, by Country 2024 and 2034(%)
Figure 21. Bitumen Market by Region, 2024 and 2034(%)
Figure 22. U.S. Bitumen Market, 2024-2034 ($Million)
Figure 23. Canada Bitumen Market, 2024-2034 ($Million)
Figure 24. Mexico Bitumen Market, 2024-2034 ($Million)
Figure 25. Germany Bitumen Market, 2024-2034 ($Million)
Figure 26. UK Bitumen Market, 2024-2034 ($Million)
Figure 27. France Bitumen Market, 2024-2034 ($Million)
Figure 28. Spain Bitumen Market, 2024-2034 ($Million)
Figure 29. Italy Bitumen Market, 2024-2034 ($Million)
Figure 30. Rest of Europe Bitumen Market, 2024-2034 ($Million)
Figure 31. China Bitumen Market, 2024-2034 ($Million)
Figure 32. India Bitumen Market, 2024-2034 ($Million)
Figure 33. Japan Bitumen Market, 2024-2034 ($Million)
Figure 34. South Korea Bitumen Market, 2024-2034 ($Million)
Figure 35. Australia Bitumen Market, 2024-2034 ($Million)
Figure 36. Rest of Asia-Pacific Bitumen Market, 2024-2034 ($Million)
Figure 37. Brazil Bitumen Market, 2024-2034 ($Million)
Figure 38. Saudi Arabia Bitumen Market, 2024-2034 ($Million)
Figure 39. South Africa Bitumen Market, 2024-2034 ($Million)
Figure 40. Rest of LAMEA Bitumen Market, 2024-2034 ($Million)
Figure 41. Top Winning Strategies, by Year (2024)
Figure 42. Top Winning Strategies, by Development (2024)
Figure 43. Top Winning Strategies, by Company (2024)
Figure 44. Product Mapping of Top 10 Players
Figure 45. Competitive Dashboard
Figure 46. Competitive Heatmap: Bitumen Market
Figure 47. Top Player Positioning, 2024
Figure 48. Total Energies: Net Sales, 2021-2023 ($Million)
Figure 49. Total Energies: Revenue Share by Segment, 2023 (%)
Figure 50. Royal Dutch Shell PLC: Net Revenue, 2021-2023 ($Million)
Figure 51. Royal Dutch Shell PLC: Research & Development Expenditure, 2021-2023 ($Million)
Figure 52. Royal Dutch Shell PLC: Revenue Share by Segment, 2023 (%)
Figure 53. Royal Dutch Shell PLC: Revenue Share by Region, 2023 (%)
Figure 54. Exxon Mobil Corporation: Net Revenue, 2021-2023 ($Million)
Figure 55. Exxon Mobil Corporation: Research & Development Expenditure, 2021-2023 ($Million)
Figure 56. Exxon Mobil Corporation: Revenue Share by Segment, 2023 (%)
Figure 57. Exxon Mobil Corporation: Revenue Share by Region, 2023 (%)
Figure 58. Indian Oil Corporation Limited: Net Revenue, 2020-2022 ($Million)
Figure 59. Indian Oil Corporation Limited: Revenue Share by Region, 2022 (%)
Figure 60. Indian Oil Corporation Limited: Revenue Share by Segment, 2022 (%)
Figure 61. Hindustan Petroleum Corporation Ltd.: Net Revenue, 2022-2024 ($Million)
Figure 62. Bharat Petroleum Corporation Limited: Net Revenue, 2020-2022 ($Million)
Figure 63. Bharat Petroleum Corporation Limited: Revenue Share by Segment, 2022 (%)
Figure 64. Bharat Petroleum Corporation Limited: Revenue Share by Region, 2022 (%)
Figure 65. Oil & Natural Gas Corporation (Ongc): Net Revenue, 2020-2022 ($Million)
Figure 66. Sinopec Corp.: Net Revenue, 2020-2022 ($Million)
Figure 67. Sinopec Corp.: Revenue Share by Segment, 2022 (%)
Figure 68. Sinopec Corp.: Revenue Share by Region, 2022 (%)

Companies Mentioned

  • Royal Dutch Shell plc
  • Exxon Mobil Corporation
  • Hindustan Petroleum Corporation Ltd
  • RAHA Bitumen, Inc.
  • Sinopec Corp.
  • Oil & Natural Gas Corporation (ONGC)
  • Total Energies
  • Indian Oil Corporation Limited
  • Bharat Petroleum Corporation Limited
  • Tiki Tar Industries India Ltd

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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Table Information

Report AttributeDetails
No. of Pages328
PublishedApril 2025
Forecast Period2024 - 2034
Estimated Market Value ( USD ) in 2024 $ 75.3 billion
Forecasted Market Value ( USD ) by 2034 $ 128.3 billion
Compound Annual Growth Rate5.6%
Regions CoveredGlobal
No. of Companies Mentioned10

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