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Bitumen Market Report 2025

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    Report

  • 200 Pages
  • February 2025
  • Region: Global
  • The Business Research Company
  • ID: 5939500
The bitumen market size has grown steadily in recent years. It will grow from $55.85 billion in 2024 to $58.12 billion in 2025 at a compound annual growth rate (CAGR) of 4.1%. The growth in the historic period can be attributed to infrastructure development, paving and roofing materials, transportation industry demand, R&D for bitumen modifications, environmental and sustainability factors.

The bitumen market size is expected to see strong growth in the next few years. It will grow to $71 billion in 2029 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to sustainable asphalt solutions, smart city initiatives, renewable energy infrastructure, rising global construction, bitumen-based carbon capture. Major trends in the forecast period include high-performance pavements, advanced roofing materials, bitumen recycling and reuse, nano and micro bitumen technology, digital solutions in bitumen production.

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 development of bio-based bitumen is a significant trend gaining traction in the bitumen market. Companies within this sector are innovating new products to maintain their market presence. For example, in May 2024, Tarmac, a UK-based company specializing in sustainable building materials and construction solutions, introduced algae-based bitumen, referred to as bio-bitumen. This sustainable alternative aims to replace traditional petroleum-derived bitumen used in road construction. This initiative utilizes the natural carbon sequestration properties of algae to substantially reduce the carbon footprint of bitumen production while ensuring that bio-bitumen retains essential properties like durability, water resistance, and recyclability.

Leading companies in the bitumen market are innovating products such as high-tech bitumen binders to boost the production of advanced bitumen products and gain a competitive edge. High-tech bitumen binders consist of advanced formulations of bituminous materials that offer enhanced performance characteristics, including improved durability. For instance, in May 2024, Tarmac launched a new modern and sustainable asphalt plant in Trowse, Norwich, representing a significant step forward in eco-friendly construction practices. This plant has a production capacity of up to 100,000 tons per year.

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 include 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, 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., Sunshine Oilsands Ltd., GOYAL Group of Companies.

Asia-Pacific was the largest region in the bitumen market in 2024. 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.

Bitumen, also known as asphalt or asphalt binder, is a dark, adhesive, and highly viscous petroleum-derived material. It serves as a crucial binder in asphalt concrete, playing a key role in the construction of roads, highways, and various transportation infrastructure projects.

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.

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Table of Contents

1. Executive Summary2. Bitumen Market Characteristics3. Bitumen Market Trends and Strategies4. Bitumen Market - Macro Economic Scenario including the impact of Interest Rates, Inflation, Geopolitics and Covid and Recovery on the Market
5. Global Bitumen Growth Analysis and Strategic Analysis Framework
5.1. Global Bitumen PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
5.2. Analysis of End Use Industries
5.3. Global Bitumen Market Growth Rate Analysis
5.4. Global Bitumen Historic Market Size and Growth, 2019-2024, Value ($ Billion)
5.5. Global Bitumen Forecast Market Size and Growth, 2024-2029, 2034F, Value ($ Billion)
5.6. Global Bitumen Total Addressable Market (TAM)
6. Bitumen Market Segmentation
6.1. Global Bitumen Market, Segmentation by Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ 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, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Roadways
  • Waterproofing
  • Adhesives
  • Insulation
  • Other Applications
6.3. Global Bitumen Market, Segmentation by End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Non-Residential
  • Residential
  • Other End-Users
6.4. Global Bitumen Market, Sub-Segmentation of Paving Grade, by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • PG 64-22
  • PG 58-28
  • PG 70-28
6.5. Global Bitumen Market, Sub-Segmentation of Hard Grade, by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Hard Bitumen
  • Extra Hard Bitumen
6.6. Global Bitumen Market, Sub-Segmentation of Oxidized Grade, by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Oxidized Bitumen
  • Speciality Oxidized Bitumen
6.7. Global Bitumen Market, Sub-Segmentation of Bitumen Emulsions, by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Cationic Emulsions
  • Anionic Emulsions
6.8. Global Bitumen Market, Sub-Segmentation of Polymer Modified Bitumen (PMB), by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • SBS Modified Bitumen
  • EVA Modified Bitumen
  • Other Polymer Modifications
6.9. Global Bitumen Market, Sub-Segmentation of Other Products, by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Cutback Bitumen
  • Specialty Bitumen Products
7. Bitumen Market Regional and Country Analysis
7.1. Global Bitumen Market, Split by Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
7.2. Global Bitumen Market, Split by Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8. Asia-Pacific Bitumen Market
8.1. Asia-Pacific Bitumen Market Overview
  • Region Information, 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, 2019-2024, 2024-2029F, 2034F, $ Billion
8.3. Asia-Pacific Bitumen Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.4. Asia-Pacific Bitumen Market, Segmentation by End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
9. China Bitumen Market
9.1. China Bitumen Market Overview
9.2. China Bitumen Market, Segmentation by Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.3. China Bitumen Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.4. China Bitumen Market, Segmentation by End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
10. India Bitumen Market
10.1. India Bitumen Market, Segmentation by Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.2. India Bitumen Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.3. India Bitumen Market, Segmentation by End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11. Japan Bitumen Market
11.1. Japan Bitumen Market Overview
11.2. Japan Bitumen Market, Segmentation by Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.3. Japan Bitumen Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.4. Japan Bitumen Market, Segmentation by End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12. Australia Bitumen Market
12.1. Australia Bitumen Market, Segmentation by Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.2. Australia Bitumen Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.3. Australia Bitumen Market, Segmentation by End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13. Indonesia Bitumen Market
13.1. Indonesia Bitumen Market, Segmentation by Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.2. Indonesia Bitumen Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.3. Indonesia Bitumen Market, Segmentation by End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ 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, 2019-2024, 2024-2029F, 2034F, $ Billion
14.3. South Korea Bitumen Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.4. South Korea Bitumen Market, Segmentation by End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ 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, 2019-2024, 2024-2029F, 2034F, $ Billion
15.3. Western Europe Bitumen Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.4. Western Europe Bitumen Market, Segmentation by End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16. UK Bitumen Market
16.1. UK Bitumen Market, Segmentation by Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.2. UK Bitumen Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.3. UK Bitumen Market, Segmentation by End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17. Germany Bitumen Market
17.1. Germany Bitumen Market, Segmentation by Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.2. Germany Bitumen Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.3. Germany Bitumen Market, Segmentation by End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18. France Bitumen Market
18.1. France Bitumen Market, Segmentation by Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.2. France Bitumen Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.3. France Bitumen Market, Segmentation by End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19. Italy Bitumen Market
19.1. Italy Bitumen Market, Segmentation by Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.2. Italy Bitumen Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.3. Italy Bitumen Market, Segmentation by End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20. Spain Bitumen Market
20.1. Spain Bitumen Market, Segmentation by Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.2. Spain Bitumen Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.3. Spain Bitumen Market, Segmentation by End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ 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, 2019-2024, 2024-2029F, 2034F, $ Billion
21.3. Eastern Europe Bitumen Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.4. Eastern Europe Bitumen Market, Segmentation by End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22. Russia Bitumen Market
22.1. Russia Bitumen Market, Segmentation by Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.2. Russia Bitumen Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.3. Russia Bitumen Market, Segmentation by End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ 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, 2019-2024, 2024-2029F, 2034F, $ Billion
23.3. North America Bitumen Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.4. North America Bitumen Market, Segmentation by End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24. USA Bitumen Market
24.1. USA Bitumen Market Overview
24.2. USA Bitumen Market, Segmentation by Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.3. USA Bitumen Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.4. USA Bitumen Market, Segmentation by End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25. Canada Bitumen Market
25.1. Canada Bitumen Market Overview
25.2. Canada Bitumen Market, Segmentation by Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.3. Canada Bitumen Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.4. Canada Bitumen Market, Segmentation by End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ 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, 2019-2024, 2024-2029F, 2034F, $ Billion
26.3. South America Bitumen Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.4. South America Bitumen Market, Segmentation by End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27. Brazil Bitumen Market
27.1. Brazil Bitumen Market, Segmentation by Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.2. Brazil Bitumen Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.3. Brazil Bitumen Market, Segmentation by End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ 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, 2019-2024, 2024-2029F, 2034F, $ Billion
28.3. Middle East Bitumen Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.4. Middle East Bitumen Market, Segmentation by End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29. Africa Bitumen Market
29.1. Africa Bitumen Market Overview
29.2. Africa Bitumen Market, Segmentation by Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.3. Africa Bitumen Market, Segmentation by Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.4. Africa Bitumen Market, Segmentation by End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ 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 Overview, Products and Services, Strategy and Financial Analysis
30.2.2. ExxonMobil Corporation Overview, Products and Services, Strategy and Financial Analysis
30.2.3. Royal Dutch Shell plc Overview, Products and Services, Strategy and Financial Analysis
30.2.4. Total Energies SE Overview, Products and Services, Strategy and Financial Analysis
30.2.5. BP plc Overview, Products and Services, Strategy and Financial Analysis
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. Soprema Group
31.15. NuStar Energy L.P
32. Global Bitumen Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Bitumen Market34. Recent Developments in the Bitumen Market
35. Bitumen Market High Potential Countries, Segments and Strategies
35.1 Bitumen Market in 2029 - Countries Offering Most New Opportunities
35.2 Bitumen Market in 2029 - Segments Offering Most New Opportunities
35.3 Bitumen Market in 2029 - 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 2025 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 15 geographies.
  • Assess the impact of key macro factors such as conflict, pandemic and recovery, inflation and interest rate environment and the 2nd Trump presidency.
  • 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? The bitumen market global 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 forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
  • 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.

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

Subsegments:

1) By Paving Grade: PG 64-22; PG 58-28; PG 70-28
2) By Hard Grade: Hard Bitumen; Extra Hard Bitumen
3) By Oxidized Grade: Oxidized Bitumen; Speciality Oxidized Bitumen
4) By Bitumen Emulsions: Cationic Emulsions; Anionic Emulsions
5) By Polymer Modified Bitumen (PMB): SBS Modified Bitumen; EVA Modified Bitumen; Other Polymer Modifications
6) By Other Products: Cutback Bitumen; Specialty Bitumen Products

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
  • 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.
  • Sunshine Oilsands Ltd.
  • GOYAL Group of Companies

Table Information