This report titled Bitumen Market - Growth, Future Prospects, and Competitive Analysis, 2022 - 2030 offers strategic insights into the trends in bitumen market along with the market size and forecast for the duration 2022 to 2030. The said research study incorporates in-depth analysis of multiple market segments based grade, application and geographical distribution.
The global bitumen market is becoming increasingly competitive with growing number of mergers and collaborations between market players to expand their production capabilities to meet the demand for bitumen. In addition, several players are also focused on developing their niche in the market. Rapid growth of this market has also resulted in creating further skilled job opportunities in major hubs spread across North America, Europe, Latin America, Middle East & Africa and Asia Pacific.
Based on grade type, the global bitumen market is segmented as paving grade, hard grade, oxidizing grade, bitumen emulsions and polymer modified bitumen. On the basis of application, the global bitumen market is categorized into road construction, water proofing, adhesives, and insulation. In addition, bitumen manufacturing companies, distributors and academic organizations form the major client types for bitumen market. Market size (Million Tons) (US$ Bn) and forecast for all the considered segmentation is presented in this report for the period 2020-2030 along with their respective CAGRs (%) for the forecast period 2022-2030.
Along with the quantitative information sets, this report also provides qualitative information such as market dynamics and executive summary for the global bitumen market. Tools such as competition assessment and attractive investment proposition are also included in the report to provide the readers with competitive mapping assistance. This study concludes with company profiles section. This section includes major information about the key companies engaged in development, and provision of bitumen.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
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The global bitumen market is becoming increasingly competitive with growing number of mergers and collaborations between market players to expand their production capabilities to meet the demand for bitumen. In addition, several players are also focused on developing their niche in the market. Rapid growth of this market has also resulted in creating further skilled job opportunities in major hubs spread across North America, Europe, Latin America, Middle East & Africa and Asia Pacific.
Based on grade type, the global bitumen market is segmented as paving grade, hard grade, oxidizing grade, bitumen emulsions and polymer modified bitumen. On the basis of application, the global bitumen market is categorized into road construction, water proofing, adhesives, and insulation. In addition, bitumen manufacturing companies, distributors and academic organizations form the major client types for bitumen market. Market size (Million Tons) (US$ Bn) and forecast for all the considered segmentation is presented in this report for the period 2020-2030 along with their respective CAGRs (%) for the forecast period 2022-2030.
Along with the quantitative information sets, this report also provides qualitative information such as market dynamics and executive summary for the global bitumen market. Tools such as competition assessment and attractive investment proposition are also included in the report to provide the readers with competitive mapping assistance. This study concludes with company profiles section. This section includes major information about the key companies engaged in development, and provision of bitumen.
Historical & Forecast Period
This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Bitumen market are as follows:- Research and development budgets of manufacturers and government spending
- Revenues of key companies in the market segment
- Number of end users and consumption volume, price and value.
- Geographical revenues generate by countries considered in the report
- Micro and macro environment factors that are currently influencing the Bitumen market and their expected impact during the forecast period.
Market Segmentation
Grade
- Paving grade
- Hard grade
- Oxidized Grade
- Bitumen Emulsions
- Polymer Modified Bitumen
Application
- Road Construction
- Waterproofing
- Adhesives
- Insulation
- Others
Key Questions Answered in this report
- What are the key micro and macro environmental factors that are impacting the growth of Bitumen market?
- What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
- Estimated forecast and market projections up to 2030.
- Which segment accounts for the fastest CAGR during the forecast period?
- Which market segment holds a larger market share and why?
- Are low and middle-income economies investing in the Bitumen market?
- Which is the largest regional market for Bitumen market?
- What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
- Which are the key trends driving Bitumen market growth?
- Who are the key competitors and what are their key strategies to enhance their market presence in the Bitumen market worldwide?
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Table of Contents
1. Preface1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. Key Offerings
1.2. Market Segmentation
1.3. Research Methodology
1.3.1. Phase I - Secondary Research
1.3.2. Phase II - Primary Research
1.3.3. Phase III - Expert Panel Review
1.3.4. Assumptions
1.3.5. Approach Adopted
2. Executive Summary
2.1. Market Snapshot: Global Bitumen Market
2.2. Global Bitumen Market, By Grade, 2021 (US$ Million)
2.3. Global Bitumen Market, By Application, 2021 (US$ Million)
2.4. Global Bitumen Market, By Geography, 2021 (US$ Million)
2.5. Impact of Covid 19
2.6. Attractive Investment Proposition by Geography, 2021
2.7. Competitive Analysis
2.7.1. Market Positioning of Key Bitumen Market Vendors
2.7.2. Strategies Adopted by Bitumen Market Vendors
2.7.3. Key Industry Strategies
3. Bitumen Market: Business Outlook & Market Dynamics
3.1. Introduction
3.2. Global Bitumen Market Value, 2020 - 2030, (US$ Million)
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.2. Market Restraints
3.3.3. Key Challenges
3.3.4. Key Opportunities
3.4. Impact Analysis of Drivers and Restraints
3.5. See-Saw Analysis
3.6. Porter’s Five Force Model
3.6.1. Supplier Power
3.6.2. Buyer Power
3.6.3. Threat Of Substitutes
3.6.4. Threat Of New Entrants
3.6.5. Competitive Rivalry
3.7. PESTEL Analysis
3.7.1. Political Landscape
3.7.2. Economic Landscape
3.7.3. Technology Landscape
3.7.4. Legal Landscape
3.7.5. Social Landscape
4. Bitumen Market: By Grade, 2020-2030, USD (Million)
4.1. Market Overview
4.2. Growth & Revenue Analysis: 2021 Versus 2030
4.3. Market Segmentation
4.3.1. Paving grade
4.3.2. Hard grade
4.3.3. Oxidized Grade
4.3.4. Bitumen Emulsions
4.3.5. Polymer Modified Bitumen
5. Bitumen Market: By Application, 2020-2030, USD (Million)
5.1. Market Overview
5.2. Growth & Revenue Analysis: 2021 Versus 2030
5.3. Market Segmentation
5.3.1. Road Construction
5.3.2. Waterproofing
5.3.3. Adhesives
5.3.4. Insulation
5.3.5. Others6. North America Bitumen Market, 2020-2030, USD (Million)
6.1. Market Overview
6.2. Bitumen Market: By Grade, 2020-2030, USD (Million)
6.3. Bitumen Market: By Application, 2020-2030, USD (Million)
6.4.Bitumen Market: By Region, 2020-2030, USD (Million)
6.4.1.North America
6.4.1.1. U.S.
6.4.1.2. Canada
6.4.1.3. Rest of North America
7. UK and European Union Bitumen Market, 2020-2030, USD (Million)
7.1. Market Overview
7.2. Bitumen Market: By Grade, 2020-2030, USD (Million)
7.3. Bitumen Market: By Application, 2020-2030, USD (Million)
7.4.Bitumen Market: By Region, 2020-2030, USD (Million)
7.4.1.UK and European Union
7.4.1.1. UK
7.4.1.2. Germany
7.4.1.3. Spain
7.4.1.4. Italy
7.4.1.5. France
7.4.1.6. Rest of Europe
8. Asia Pacific Bitumen Market, 2020-2030, USD (Million)
8.1. Market Overview
8.2. Bitumen Market: By Grade, 2020-2030, USD (Million)
8.3. Bitumen Market: By Application, 2020-2030, USD (Million)
8.4.Bitumen Market: By Region, 2020-2030, USD (Million)
8.4.1.Asia Pacific
8.4.1.1. China
8.4.1.2. Japan
8.4.1.3. India
8.4.1.4. Australia
8.4.1.5. South Korea
8.4.1.6. Rest of Asia Pacific
9. Latin America Bitumen Market, 2020-2030, USD (Million)
9.1. Market Overview
9.2. Bitumen Market: By Grade, 2020-2030, USD (Million)
9.3. Bitumen Market: By Application, 2020-2030, USD (Million)
9.4.Bitumen Market: By Region, 2020-2030, USD (Million)
9.4.1.Latin America
9.4.1.1. Brazil
9.4.1.2. Mexico
9.4.1.3. Rest of Latin America
10. Middle East and Africa Bitumen Market, 2020-2030, USD (Million)
10.1. Market Overview
10.2. Bitumen Market: By Grade, 2020-2030, USD (Million)
10.3. Bitumen Market: By Application, 2020-2030, USD (Million)
10.4.Bitumen Market: By Region, 2020-2030, USD (Million)
10.4.1.Middle East and Africa
10.4.1.1. GCC
10.4.1.2. Africa
10.4.1.3. Rest of Middle East and Africa
11. Company Profile
11.1. Royal Dutch Shell plc.
11.1.1. Company Overview
11.1.2. Financial Performance
11.1.3. Product Portfolio
11.1.4. Strategic Initiatives
11.2. Athabasca Oil Corporation
11.2.1. Company Overview
11.2.2. Financial Performance
11.2.3. Product Portfolio
11.2.4. Strategic Initiatives
11.3. Energy Corporation
11.3.1. Company Overview
11.3.2. Financial Performance
11.3.3. Product Portfolio
11.3.4. Strategic Initiatives
11.4. ExxonMobil
11.4.1. Company Overview
11.4.2. Financial Performance
11.4.3. Product Portfolio
11.4.4. Strategic Initiatives
11.5. Marathon Oil Corporation
11.5.1. Company Overview
11.5.2. Financial Performance
11.5.3. Product Portfolio
11.5.4. Strategic Initiatives
11.6. NuStar Energy
11.6.1. Company Overview
11.6.2. Financial Performance
11.6.3. Product Portfolio
11.6.4. Strategic Initiatives
11.7. Nippon Oil Corporation
11.7.1. Company Overview
11.7.2. Financial Performance
11.7.3. Product Portfolio
11.7.4. Strategic Initiatives
11.8. Petróleos Mexicanos Nynas AB
11.8.1. Company Overview
11.8.2. Financial Performance
11.8.3. Product Portfolio
11.8.4. Strategic Initiatives
11.9. Sinopec Limited.
11.9.1. Company Overview
11.9.2. Financial Performance
11.9.3. Product Portfolio
11.9.4. Strategic Initiatives
11.10. Suncor Energy
11.10.1. Company Overview
11.10.2. Financial Performance
11.10.3. Product Portfolio
11.10.4. Strategic Initiatives
11.11. Other Notable Players
11.11.1. Company Overview
11.11.2. Financial Performance
11.11.3. Product Portfolio
11.11.4. Strategic Initiatives
List of Figures
Figure 1. Global Bitumen Market: Market Coverage
Figure 2 Research Methodology and Data Sources
Figure 3 Market Size Estimation - Top Down & Bottom-Up Approach
Figure 4 Global Bitumen Market: Quality Assurance
Figure 5 Global Bitumen Market, By Grade, 2021
Figure 6 Global Bitumen Market, By Application, 2021
Figure 7 Global Bitumen Market, By Geography, 2021
Figure 8 Global Bitumen Market, By Grade, 2021 Vs 2030, %
Figure 9 Global Bitumen Market, By Application, 2021 Vs 2030, %
Figure 10 U.S. Bitumen Market (US Million), 2020 - 2030
Figure 11 Canada Bitumen Market (US Million), 2020 - 2030
Figure 12 Rest of North America Bitumen Market (US Million), 2020 - 2030
Figure 13 UK Bitumen Market (US Million), 2020 - 2030
Figure 14 Germany Bitumen Market (US Million), 2020 - 2030
Figure 15 Spain Bitumen Market (US Million), 2020 - 2030
Figure 16 Italy Bitumen Market (US Million), 2020 - 2030
Figure 17 France Bitumen Market (US Million), 2020 - 2030
Figure 18 Rest of Europe Bitumen Market (US Million), 2020 - 2030
Figure 19 China Bitumen Market (US Million), 2020 - 2030
Figure 20 Japan Bitumen Market (US Million), 2020 - 2030
Figure 21 India Bitumen Market (US Million), 2020 - 2030
Figure 22 Australia Bitumen Market (US Million), 2020 - 2030
Figure 23 South Korea Bitumen Market (US Million), 2020 - 2030
Figure 24 Rest of Asia Bitumen Market (US Million), 2020 - 2030
Figure 25 Brazil Bitumen Market (US Million), 2020 - 2030
Figure 26 Mexico Bitumen Market (US Million), 2020 - 2030
Figure 27 Rest of Latin America Bitumen Market (US Million), 2020 - 2030
Figure 28 GCC Bitumen Market (US Million), 2020 - 2030
Figure 29 Africa Bitumen Market (US Million), 2020 - 2030
Figure 30 Rest of Middle East and Africa Bitumen Market (US Million), 2020 - 2030
List of Tables
Table 1 Global Bitumen Market By Grade, 2020-2030, USD (Million)
Table 2 Global Bitumen Market By Application, 2020-2030, USD (Million)
Table 3 North America Bitumen Market By Grade, 2020-2030, USD (Million)
Table 4 North America Bitumen Market By Application, 2020-2030, USD (Million)
Table 5 UK and European Union Bitumen Market By Grade, 2020-2030, USD (Million)
Table 6 UK and European Union Bitumen Market By Application, 2020-2030, USD (Million)
Table 7 Asia Pacific Bitumen Market By Grade, 2020-2030, USD (Million)
Table 8 Asia Pacific Bitumen Market By Application, 2020-2030, USD (Million)
Table 9 Latin America Bitumen Market By Grade, 2020-2030, USD (Million)
Table 10 Latin America Bitumen Market By Application, 2020-2030, USD (Million)
Table 11 Middle East and Africa Bitumen Market By Grade, 2020-2030, USD (Million)
Table 12 Middle East and Africa Bitumen Market By Application, 2020-2030, USD (Million)
Companies Mentioned
- Royal Dutch Shell plc.
- Athabasca Oil Corporation
- Energy Corporation
- ExxonMobil
- Marathon Oil Corporation
- NuStar Energy
- Nippon Oil Corporation
- Petróleos Mexicanos Nynas AB
- Sinopec Limited.
- Suncor Energy
