PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1584648
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1584648
India Bitumen Market, By Type; By End Use Industry; By Region, Trend Analysis, Competitive Landscape & Forecast, 2019-2030
India Bitumen Market Size Set to Reach Value of USD 6.1 Billion by 2030
India Bitumen Market is flourishing because of a spurring demand for bitumen from a number of infrastructure development projects across rapidly expanding urban areas.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated India Bitumen Market size at USD 4.80 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects India Bitumen Market size to expand at a CAGR of 4.08% reaching a value of USD 6.10 billion by 2030. The fast infrastructure development, urbanization and the development of smart cities, as well as its widespread application in a variety of applications, such as paints, roofing, and road surfacing, are the main drivers of India Bitumen Market. The material's adhesive properties are also expected to spur the demand for bitumen from the glass and ceramic industries.
Opportunity - Increasing Application of Bitumen as Waterproofing Agent
Bitumen is increasingly used in the construction of both residential and commercial structures, as it is a great waterproofing agent. It is a petroleum-based substance that is extremely viscous and sticky. As a result, it offers robust protection against groundwater, guaranteeing that no moisture seeps through the basement's walls or floors. It is essential for preserving the building's structural soundness and stopping the growth of mold. Bituminous waterproofing is used to prevent water leaks and seepage while protecting roof decks from rain prior to roofing or installation.
Impact of Escalating Geopolitical Tensions on India Bitumen Market
Escalating geopolitical tensions, particularly in the Middle East, could negatively impact the growth of India Bitumen Market. Bitumen is produced by distilling crude oil, which India must import from other nations, including Saudi Arabia, Russia, and Iraq. However, disruptions supply chain and in the procurement of other essential materials may result from sanctions or trade restrictions imposed on any of these nations. The price fluctuations of global oil prices are another significant impact on the Indian bitumen market, as rising oil prices caused by geopolitical tensions directly raise bitumen costs, which may also impede construction projects in the country.
Road Construction Segment Is Leading End User of Bitumen
The road construction segment accounts for the highest market share owing to the increasing number of road construction projects across the country. Bitumen is extensively used in road construction activities, because of its favorable qualities, such as high adhesiveness and waterproofing. The material has already replaced coal tar in the road-making process as a binder for aggregates in the production of asphalt and provides better drip with vehicle tires, which contributes to the growth of road construction segment.
North India to Grow Fastest in India Bitumen Market
North India holds a substantial market share and is also projected to grow at the fastest CAGR in India Bitumen Market. Major growth drivers of North India Bitumen Market include an increasing number of large infrastructure development projects. In North India, the Indian government has launched various road projects, such as the Bihar State Road Project and the Purvanchal Expressway around Lucknow, which propel the demand for bitumen in the region. Furthermore, extensive construction projects for residential and commercial buildings are also influencing the growth of bitumen market in North India.
Competitive Landscape
India Bitumen Market is intensely competitive, as a number of companies are competing to gain a significant market share. Key players in the market include Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL), Hindustan Petroleum Corporation Limited (HPCL), Nayara Energy Limited, Reliance Industries Limited, Shell India, BP India, Petronas India, and Cairn India.
To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends in India Bitumen Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in India Bitumen Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. India Bitumen Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Infrastructure Development
- 3.2.1.2. Rising Urbanization
- 3.2.1.3. Increasing Government Investments
- 3.2.2. Restraints
- 3.2.2.1. Fluctuating Crude Oil Prices
- 3.2.2.2. Competition from Alternative Materials
- 3.2.3. Opportunities
- 3.2.3.1. Rising Fuel Prices
- 3.2.3.2. Increasing Awareness of Road Safety
- 3.2.4. Challenges
- 3.2.4.1. Environmental Concerns
- 3.2.4.2. Supply Chain Disruptions
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. India Bitumen Market: Marketing Strategies
5. India Bitumen Market: Pricing Analysis
6. India Bitumen Market Overview
- 6.1. Market Size & Forecast, 2019-2030
- 6.1.1. By Value (USD Billion)
- 6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.1.1. Paving Grade Bitumen
- 6.2.1.2. Oxidized Grade Bitumen
- 6.2.1.3. Polymer Modified Bitumen
- 6.2.1.4. Bitumen Emulsions
- 6.2.1.5. Others
- 6.2.2. By End Use Industries
- 6.2.2.1. Road Construction
- 6.2.2.2. Waterproofing
- 6.2.2.3. Others
- 6.2.3. By Region
- 6.2.3.1. North India
- 6.2.3.2. South India
- 6.2.3.3. East India
- 6.2.3.4. West India
- 6.2.1. By Type
7. North India Bitumen Market
- 7.1. Market Size & Forecast, 2019-2030
- 7.1.1. By Value (USD Billion)
- 7.2. Market Share & Forecast
- 7.2.1. By Product
- 7.2.2. By End Use Industries
8. South India Bitumen Market
- 8.1. Market Size & Forecast, 2019-2030
- 8.1.1. By Value (USD Billion)
- 8.2. Market Share & Forecast
- 8.2.1. By Product
- 8.2.2. By End Use Industries
9. East India Bitumen Market
- 9.1. Market Size & Forecast, 2019-2030
- 9.1.1. By Value (USD Billion)
- 9.2. Market Share & Forecast
- 9.2.1. By Product
- 9.2.2. By End Use Industries
10. West India Bitumen Market
- 10.1. Market Size & Forecast, 2019-2030
- 10.1.1. By Value (USD Billion)
- 10.2. Market Share & Forecast
- 10.2.1. By Product
- 10.2.2. By End Use Industries
11. Competitive Landscape
- 11.1. List of Key Players and Their Offerings
- 11.2. India Bitumen Market Company Market Share Analysis, 2023
- 11.3. Competitive Benchmarking, By Operating Parameters
- 11.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
12. Impact of Escalating Geopolitical Tensions on India Bitumen Market
13. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 13.1. Indian Oil Corporation Limited (IOCL)
- 13.2. Bharat Petroleum Corporation Limited (BPCL)
- 13.3. Hindustan Petroleum Corporation Limited (HPCL)
- 13.4. Nayara Energy Limited
- 13.5. Reliance Industries Limited
- 13.6. Shell India
- 13.7. BP India
- 13.8. Petronas India
- 13.9. Cairn India
- 13.10. Other Prominent Players
14. Key Strategic Recommendations
15. Research Methodology
- 15.1. Qualitative Research
- 15.1.1. Primary & Secondary Research
- 15.2. Quantitative Research
- 15.3. Market Breakdown & Data Triangulation
- 15.3.1. Secondary Research
- 15.3.2. Primary Research
- 15.4. Breakdown of Primary Research Respondents, By Country
- 15.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
List of Figures
- Figure 1 India Bitumen Market Segmentation
- Figure 2 India Bitumen Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2023
- Figure 4 India Bitumen Market Size, By Value (USD Billion), 2019-2030
- Figure 5 India Bitumen Market Share, By Product, By Value, 2019-2030
- Figure 6 India Bitumen Market Share, By End Use Industries, By Value, 2019-2030
- Figure 7 India Bitumen Market Share, By Region, By Value, 2019-2030
- Figure 8 North India Bitumen Market Size, By Value (USD Billion), 2019-2030
- Figure 9 North India Bitumen Market Share, By Product, By Value, 2019-2030
- Figure 10 North India Bitumen Market Share, By End Use Industries, By Value, 2019-2030
- Figure 11 South India Bitumen Market Size, By Value (USD Billion), 2019-2030
- Figure 12 South India Bitumen Market Share, By Product, By Value, 2019-2030
- Figure 13 South India Bitumen Market Share, By End Use Industries, By Value, 2019-2030
- Figure 14 East India Bitumen Market Size, By Value (USD Billion), 2019-2030
- Figure 15 East India Bitumen Market Share, By Product, By Value, 2019-2030
- Figure 16 East India Bitumen Market Share, By End Use Industries, By Value, 2019-2030
- Figure 17 West India Bitumen Market Size, By Value (USD Billion), 2019-2030
- Figure 18 West India Bitumen Market Share, By Product, By Value, 2019-2030
- Figure 19 West India Bitumen Market Share, By End Use Industries, By Value, 2019-2030
List of Tables
- Table 1 India Bitumen Market Size, By Value (USD Billion), 2019-2030
- Table 2 India Bitumen Market Size, By Product, By Value, 2019-2030
- Table 3 India Bitumen Market Size, By End Use Industries, By Value, 2019-2030
- Table 4 India Bitumen Market Size, By Region, By Value, 2019-2030
- Table 5 North India Bitumen Market Size, By Value (USD Billion), 2019-2030
- Table 6 North India Bitumen Market Size, By Product, By Value, 2019-2030
- Table 7 North India Bitumen Market Size, By End Use Industries, By Value, 2019-2030
- Table 8 South India Bitumen Market Size, By Value (USD Billion), 2019-2030
- Table 9 South India Bitumen Market Size, By Product, By Value, 2019-2030
- Table 10 South India Bitumen Market Size, By End Use Industries, By Value, 2019-2030
- Table 11 East India Bitumen Market Size, By Value (USD Billion), 2019-2030
- Table 12 East India Bitumen Market Size, By Product, By Value, 2019-2030
- Table 13 East India Bitumen Market Size, By End Use Industries, By Value, 2019-2030
- Table 14 West India Bitumen Market Size, By Value (USD Billion), 2019-2030
- Table 15 West India Bitumen Market Size, By Product, By Value, 2019-2030
- Table 16 West India Bitumen Market Size, By End Use Industries, By Value, 2019-2030
- Table 17 Indian Oil Corporation Limited (IOCL) Company Overview
- Table 18 Indian Oil Corporation Limited (IOCL) Financial Overview
- Table 19 Bharat Petroleum Corporation Limited (BPCL) Company Overview
- Table 20 Bharat Petroleum Corporation Limited (BPCL) Financial Overview
- Table 21 Hindustan Petroleum Corporation Limited (HPCL) Company Overview
- Table 22 Hindustan Petroleum Corporation Limited (HPCL) Financial Overview
- Table 23 Nayara Energy Limited Company Overview
- Table 24 Nayara Energy Limited Financial Overview
- Table 25 Reliance Industries Limited Company Overview
- Table 26 Reliance Industries Limited Financial Overview
- Table 27 Shell India Company Overview
- Table 28 Shell India Financial Overview
- Table 29 BP India Company Overview
- Table 30 BP India Financial Overview
- Table 31 Petronas India Company Overview
- Table 32 Petronas India Financial Overview
- Table 33 Cairn India Company Overview
- Table 34 Cairn India Financial Overview
