+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Bitumen Global Market Report 2024

  • PDF Icon

    Report

  • 175 Pages
  • February 2024
  • Region: Global
  • The Business Research Company
  • ID: 5939500
The bitumen market size has grown steadily in recent years. It will grow from $53.66 billion in 2023 to $56.23 billion in 2024 at a compound annual growth rate (CAGR) of 4.8%. The growth observed during the historic period can be attributed to several factors, including robust infrastructure development initiatives, the demand for paving and roofing materials, increasing needs within the transportation industry, ongoing research and development efforts focused on bitumen modifications, and growing considerations for environmental sustainability. These factors collectively contributed to the expansion of the bitumen market during the historical period.

The bitumen market size is expected to see steady growth in the next few years. It will grow to $66.29 billion in 2028 at a compound annual growth rate (CAGR) of 4.2%. The anticipated growth in the forecast period can be attributed to several key factors, including an increased focus on sustainable asphalt solutions, the implementation of smart city initiatives, the development of renewable energy infrastructure, a rise in global construction activities, and innovative approaches such as bitumen-based carbon capture. Major trends expected in the forecast period include the adoption of high-performance pavements, advancements in roofing materials utilizing bitumen, the promotion of bitumen recycling and reuse practices, the application of nano and micro bitumen technologies for enhanced performance, and the integration of digital solutions in bitumen production processes. These trends reflect the industry's response to evolving challenges and opportunities, emphasizing performance, sustainability, and technological innovation in the bitumen sector.

The projected rise in road construction activities stands as a driving force behind the anticipated growth of the bitumen market in the coming years. Road construction encompasses a spectrum of tasks involved in creating, enhancing, and upkeeping roadways and highways. Bitumen, functioning as a binding agent, plays a pivotal role in these activities by offering waterproofing, flexibility, weather resistance, skid resistance, and facilitating ease in both construction and maintenance. Notably, in November 2022, as highlighted by Global Australia Highlights, the Australian government allocated a substantial budget of $12.04 billion (A$17.9 billion) over ten years for significant infrastructure projects across the country, which includes substantial investments in road and rail projects. Additionally, between 2021 and 2025, the estimated total investment in major public infrastructure is projected to surpass $146.72 billion (A$218 billion). Furthermore, the United States' passage of the $1.2 trillion Infrastructure Investment and Jobs Act (IIJA) in November 2021 signifies a significant step toward enhancing the country's infrastructure. Over the subsequent decade, the IIJA aims to invest $550 billion in improving roads, bridges, airports, railroads, extending clean drinking water access, broadband internet, and ensuring environmental justice. Thus, the burgeoning road construction activities are a key driving factor behind the bitumen market's expansion.

The anticipated rapid pace of industrialization is poised to be a significant catalyst propelling the growth of the bitumen market moving forward. Industrialization denotes the transition of an economy or society from primarily agrarian and craft-based activities towards a more industrial and manufacturing-oriented structure. Bitumen, revered for its versatile and durable properties, assumes a critical role across various applications in industrialization, including road construction, waterproofing, and industrial processes. This usage contributes substantially to infrastructure development while ensuring the endurance and dependability of essential industrial assets. For instance, in August 2023, Eurostat reported a 0.5% increase in industrial production in the euro area and a 0.4% rise in the EU, comparing June 2023 to May 2023. Consequently, the projected rapid industrialization is expected to drive the growth trajectory of the bitumen market.

The adoption of bio-based bitumen development emerges as a significant trend garnering attention and momentum within the bitumen market. Companies operating in this sector are actively engaged in innovating new products to maintain their market presence. An illustrative instance involves Praj Industries, an India-based engineering solutions company, which introduced a distinctive method in May 2021 for producing bio-bitumen utilizing lignin. This pioneering approach involves the conversion of unprocessed phenol into bio-bitumen, presenting an environmentally sustainable alternative to fossil fuel-derived bitumen. Bio-bitumen holds considerable potential as a road construction material, offering the dual benefit of reducing CO2 emissions while fostering growth within the bioeconomy. This technological advancement not only solidifies our position as a global leader but also underscores our unwavering dedication to innovation and technological progression within the industrial biotech domain. The creation of this innovative process for deriving bio-bitumen from unprocessed phenol represents a significant leap forward in bitumen production, promising a reduced dependence on fossil fuel-derived sources and offering an environmentally friendly solution. This noteworthy development underscores the continuous efforts to enhance bitumen production through innovative and environmentally conscious technologies.

Leading enterprises operating within the bitumen market are pioneering product innovations, particularly high-tech bitumen binders, aimed at ramping up the production of advanced bitumen products to gain a competitive edge. High-tech bitumen binders encompass advanced formulations of bituminous materials characterized by superior performance attributes, including heightened durability. For instance, in April 2021, Gazprom Neft, a Russia-based petroleum refinery company, inaugurated a high-tech bitumen-binders production complex in Russia. This facility is poised to manufacture approximately 120,000 metric tons of polymer-bitumen binders (PBBs) annually. This strategic move reinforces the company's commitment to innovation and signifies its intent to meet market demands by offering advanced and high-quality bitumen binders.

In March 2022, DL Chemical Co., Ltd., a South Korea-based chemicals company, completed the acquisition of Kraton Corporation for $2.5 billion. This strategic move enhances DL Chemical's position on a global scale, fortifying its manufacturing capabilities, financial robustness, and competitive edge within the specialty chemicals sector. Kraton Corporation, a US-based company specializing in the development, manufacturing, and marketing of specialty polymers and bio-based chemicals, is now an integral part of DL Chemical's portfolio, contributing to its overall growth and industry leadership.

Major companies operating in the bitumen market report are Sinopec Corporation, ExxonMobil Corporation, Royal Dutch Shell plc, Total Energies SE, BP plc, ConocoPhillips Co, PJSC Rosneft Oil Company, Cenovus Energy Inc., Bouygues Group, Imperial Oil Limited, Suncor Energy Inc., MOL Group, Nynas AB, Gazprom-Neft, Teck Resources Limited, Indian Oil Corporation Ltd., Syncrude Canada Ltd., MEG Energy Corp, Stolt-Nielsen Limited, Soprema Group, NuStar Energy L.P, Athabasca Oil Corporation, NIS Group, Compania Espanola de Petroleos SA (CEPSA), CertainTeed Corp., Asphalt Materials Inc., The Richmond Group, Karnak Corp., Sunshinen Oilsands Ltd., GOYAL Group of Companies.

Asia-Pacific was the largest region in the bitumen market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bitumen market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the bitumen market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary products derived from bitumen include paving grade, hard grade, oxidized grade, bitumen emulsions, polymer-modified bitumen, and others. Paving grade, a specific type of bitumen or asphalt, is commonly utilized in road construction and paving projects. Its applications extend to roadways, waterproofing, adhesives, insulation, and various other uses across non-residential, residential, and other end-user sectors.

The bitumen market research report is one of a series of new reports that provides bitumen market statistics, including bitumen industry global market size, regional shares, competitors with a bitumen market share, detailed bitumen market segments, market trends and opportunities, and any further data you may need to thrive in the bitumen industry. This bitumen market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The bitumen market consists of sales of bitumen paints and coatings, polymer-modified bitumen, cutback bitumen, bitumen emulsions and others. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.

Table of Contents

1. Executive Summary2. Bitumen Market Characteristics3. Bitumen Market Trends and Strategies
4. Bitumen Market - Macro Economic Scenario
4.1. Impact of High Inflation on the Market
4.2. Ukraine-Russia War Impact on the Market
4.3. COVID-19 Impact on the Market
5. Global Bitumen Market Size and Growth
5.1. Global Bitumen Market Drivers and Restraints
5.1.1. Drivers of the Market
5.1.2. Restraints of the Market
5.2. Global Bitumen Historic Market Size and Growth, 2018-2023, Value ($ Billion)
5.3. Global Bitumen Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
6. Bitumen Market Segmentation
6.1. Global Bitumen Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Paving Grade
  • Hard Grade
  • Oxidized Grade
  • Bitumen Emulsions
  • Polymer Modified Bitumen
  • Other Products
6.2. Global Bitumen Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Roadways
  • Waterproofing
  • Adhesives
  • Insulation
  • Other Applications
6.3. Global Bitumen Market, Segmentation by End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Non-Residential
  • Residential
  • Other End-Users
7. Bitumen Market Regional and Country Analysis
7.1. Global Bitumen Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Bitumen Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Bitumen Market
8.1. Asia-Pacific Bitumen Market Overview
Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Bitumen Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Bitumen Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Bitumen Market, Segmentation by End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Bitumen Market
9.1. China Bitumen Market Overview
9.2. China Bitumen Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Bitumen Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Bitumen Market, Segmentation by End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Bitumen Market
10.1. India Bitumen Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Bitumen Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Bitumen Market, Segmentation by End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Bitumen Market
11.1. Japan Bitumen Market Overview
11.2. Japan Bitumen Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Bitumen Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Bitumen Market, Segmentation by End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Bitumen Market
12.1. Australia Bitumen Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Bitumen Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Bitumen Market, Segmentation by End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Bitumen Market
13.1. Indonesia Bitumen Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Bitumen Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Bitumen Market, Segmentation by End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Bitumen Market
14.1. South Korea Bitumen Market Overview
14.2. South Korea Bitumen Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Bitumen Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Bitumen Market, Segmentation by End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Bitumen Market
15.1. Western Europe Bitumen Market Overview
15.2. Western Europe Bitumen Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Bitumen Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Bitumen Market, Segmentation by End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Bitumen Market
16.1. UK Bitumen Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Bitumen Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Bitumen Market, Segmentation by End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Bitumen Market
17.1. Germany Bitumen Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Bitumen Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Bitumen Market, Segmentation by End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Bitumen Market
18.1. France Bitumen Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Bitumen Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Bitumen Market, Segmentation by End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Bitumen Market
19.1. Italy Bitumen Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Bitumen Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Bitumen Market, Segmentation by End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Bitumen Market
20.1. Spain Bitumen Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Bitumen Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Bitumen Market, Segmentation by End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Bitumen Market
21.1. Eastern Europe Bitumen Market Overview
21.2. Eastern Europe Bitumen Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Bitumen Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Bitumen Market, Segmentation by End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Bitumen Market
22.1. Russia Bitumen Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Bitumen Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Bitumen Market, Segmentation by End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Bitumen Market
23.1. North America Bitumen Market Overview
23.2. North America Bitumen Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Bitumen Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Bitumen Market, Segmentation by End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Bitumen Market
24.1. USA Bitumen Market Overview
24.2. USA Bitumen Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Bitumen Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Bitumen Market, Segmentation by End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Bitumen Market
25.1. Canada Bitumen Market Overview
25.2. Canada Bitumen Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Bitumen Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Bitumen Market, Segmentation by End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Bitumen Market
26.1. South America Bitumen Market Overview
26.2. South America Bitumen Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Bitumen Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Bitumen Market, Segmentation by End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Bitumen Market
27.1. Brazil Bitumen Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Bitumen Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Bitumen Market, Segmentation by End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Bitumen Market
28.1. Middle East Bitumen Market Overview
28.2. Middle East Bitumen Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Bitumen Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Bitumen Market, Segmentation by End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Bitumen Market
29.1. Africa Bitumen Market Overview
29.2. Africa Bitumen Market, Segmentation by Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Bitumen Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Bitumen Market, Segmentation by End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Bitumen Market Competitive Landscape and Company Profiles
30.1. Bitumen Market Competitive Landscape
30.2. Bitumen Market Company Profiles
30.2.1. Sinopec Corporation
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. ExxonMobil Corporation
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. Royal Dutch Shell plc
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. Total Energies SE
30.2.4.1. Overview
30.2.4.2. Products and Services
30.2.4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. BP plc
30.2.5.1. Overview
30.2.5.2. Products and Services
30.2.5.3. Strategy
30.2.5.4. Financial Performance
31. Bitumen Market Other Major and Innovative Companies
31.1. ConocoPhillips Co
31.2. PJSC Rosneft Oil Company
31.3. Cenovus Energy Inc.
31.4. Bouygues Group
31.5. Imperial Oil Limited
31.6. Suncor Energy Inc.
31.7. MOL Group
31.8. Nynas AB
31.9. Gazprom-Neft
31.10. Teck Resources Limited
31.11. Indian Oil Corporation Ltd.
31.12. Syncrude Canada Ltd.
31.13. MEG Energy Corp
31.14. Stolt-Nielsen Limited
31.15. Soprema Group
32. Global Bitumen Market Competitive Benchmarking33. Global Bitumen Market Competitive Dashboard34. Key Mergers and Acquisitions in the Bitumen Market
35. Bitumen Market Future Outlook and Potential Analysis
35.1 Bitumen Market in 2028 - Countries Offering Most New Opportunities
35.2 Bitumen Market in 2028 - Segments Offering Most New Opportunities
35.3 Bitumen Market in 2028 - Growth Strategies
35.3.1 Market Trend-based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic and Forecast Inflation Rates
36.4. Research Inquiries
36.5. About the Analyst
36.6. Copyright and Disclaimer

Executive Summary

Bitumen Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on bitumen market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
  • Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for bitumen? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of COVID-19 on supply chains and consumption patterns.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Report Scope

Markets Covered:
1) By Product Type: Paving Grade; Hard Grade; Oxidized Grade; Bitumen Emulsions; Polymer Modified Bitumen; Other Products
2) By Application: Roadways; Waterproofing; Adhesives; Insulation; Other Applications
3) By End-Use Sector: Non-Residential; Residential; Other End-Users

Key Companies Mentioned: Sinopec Corporation; ExxonMobil Corporation; Royal Dutch Shell plc; Total Energies SE; BP plc

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes

Delivery Format: PDF, Word and Excel Data Dashboard

Companies Mentioned

  • Sinopec Corporation
  • ExxonMobil Corporation
  • Royal Dutch Shell plc
  • Total Energies SE
  • BP plc
  • ConocoPhillips Co
  • PJSC Rosneft Oil Company
  • Cenovus Energy Inc.
  • Bouygues Group
  • Imperial Oil Limited
  • Suncor Energy Inc.
  • MOL Group
  • Nynas AB
  • Gazprom-Neft
  • Teck Resources Limited
  • Indian Oil Corporation Ltd.
  • Syncrude Canada Ltd.
  • MEG Energy Corp
  • Stolt-Nielsen Limited
  • Soprema Group
  • NuStar Energy L.P
  • Athabasca Oil Corporation
  • NIS Group
  • Compania Espanola de Petroleos SA (CEPSA)
  • CertainTeed Corp.
  • Asphalt Materials Inc.
  • The Richmond Group
  • Karnak Corp.
  • Sunshinen Oilsands Ltd.
  • GOYAL Group of Companies

Methodology

Loading
LOADING...

Table Information