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PUBLISHER: Grand View Research | PRODUCT CODE: 1571830
PUBLISHER: Grand View Research | PRODUCT CODE: 1571830
Bitumen Market Size, Share & Trends Analysis Report By Application (Roadways, Waterproofing, Adhesives, Insulation), By Region (North America, Europe), And Segment Forecasts, 2024 - 2030
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PAGES: 100 Pages
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Bitumen Market Growth & Trends:
The global bitumen market size is expected to reach USD 90.4 billion by 2030, registering a CAGR of 1.8%, according to a new report by Grand View Research, Inc. Rise in infrastructure development in emerging economies including China, India, and Brazil has resulted in propelling demand for bitumen in the last few years. Road connectivity is among the most important features of any developed economy. This factor has resulted in product market growth on account of the growing need for roads in emerging economies.
Road widening and rebuilding existing assets including buildings and roads are some key areas where product need is expected to increase constantly. Rising demand from the construction sector has been influencing the growth of the product.
Changing government requirements owing to environment regulations coupled with low-cost roofing solutions are major factors propelling demand for polymer-modified bitumen (PMB) in roofing applications. Excellent durability, water-resistance and ability to withstand extreme temperatures have resulted in increasing demand for PMB.
Bitumen Market Report Highlights:
- European bitumen market is expected to grow at a CAGR of 1.4% from 2024 to 2030 in terms of volume. Turkey is projected to be a key market for the product on account of increasing infrastructure spending by the government over the past few years.
- Asia Pacific is expected to be the fastest-growing market and is expected to witness gains at a CAGR of 3.4% from 2024 to 2030 in terms of volume. Government initiatives to construct roads to access rural areas is projected to propel the demand for bitumen over the forecast period.
- Bitumen demand in roadways dominated the market and accounted for a 59.8% share in 2023. The intervention of various government policies such as FDI is expected to drive the Indian construction industry. The increasing trend of using paving techniques including micro-surfacing on heavy traffic roads is contributing towards PMB demand. This trend is supposed to continue over the forecast period.
- The increasing need to provide cost-effective solutions for roofing applications is expected to influence the growth of the bitumen industry over the forecast period. Increasing need for waterproofing solutions across the globe is projected to propel growth.
Product Code: 978-1-68038-099-6
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Bitumen Market Variables, Trends, & Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Market Size and Growth Prospects (USD Million, Kilo Tons)
- 3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
- 3.4. Bitumen Market Analysis Tools
- 3.4.1. Porter's Analysis
- 3.4.1.1. Bargaining Power of The Suppliers
- 3.4.1.2. Bargaining Power of The Buyers
- 3.4.1.3. Threats Of Substitution
- 3.4.1.4. Threats From New Entrants
- 3.4.1.5. Competitive Rivalry
- 3.4.2. PESTEL Analysis
- 3.4.2.1. Political Landscape
- 3.4.2.2. Economic And Social Landscape
- 3.4.2.3. Technological Landscape
- 3.4.2.4. Environmental Landscape
- 3.4.2.5. Legal Landscape
- 3.4.1. Porter's Analysis
Chapter 4. Bitumen Market: Application Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Bitumen Market: Technology Movement Analysis, 2023 & 2030 (USD Million)
- 4.3. Roadways
- 4.3.1. Roadways Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilo Tons)
- 4.4. Waterproofing
- 4.4.1. Waterproofing Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilo Tons)
- 4.5. Adhesives
- 4.5.1. Adhesives Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilo Tons)
- 4.6. Insulation
- 4.6.1. Insulation Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilo Tons)
- 4.7. Others
- 4.7.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilo Tons)
Chapter 5. Bitumen Market: Regional Estimates & Trend Analysis
- 5.1. Bitumen Market Share, By Region, 2023 & 2030 (USD Million)
- 5.2. North America
- 5.2.1. North America Bitumen Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.2.2. U.S.
- 5.2.2.1. U.S. Bitumen Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.2.3. Canada
- 5.2.3.1. Canada Bitumen Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.2.4. Mexico
- 5.2.4.1. Mexico Bitumen Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.3. Europe
- 5.3.1. Europe Bitumen Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.3.2. UK
- 5.3.2.1. UK Bitumen Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.3.3. Germany
- 5.3.3.1. Germany Bitumen Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.3.4. France
- 5.3.4.1. France Bitumen Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.3.5. Russia
- 5.3.5.1. Russia Bitumen Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.3.6. Turkey
- 5.3.6.1. Turkey Bitumen Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.4. Asia Pacific
- 5.4.1. Asia Pacific Bitumen Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.4.2. China
- 5.4.2.1. China Bitumen Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.4.3. Japan
- 5.4.3.1. Japan Bitumen Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.4.4. India
- 5.4.4.1. India Bitumen Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.4.5. South Korea
- 5.4.5.1. South Korea Bitumen Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.4.6. Taiwan
- 5.4.6.1. Taiwan Bitumen Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.5. Latin America
- 5.5.1. Latin America Bitumen Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.5.2. Brazil
- 5.5.2.1. Brazil Bitumen Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.5.3. Argentina
- 5.5.3.1. Argentina Bitumen Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilo Tons)
- 5.6. Middle East and Africa
- 5.6.1. Middle East and Africa Bitumen Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.6.2. Saudi Arabia
- 5.6.2.1. Saudi Arabia Bitumen Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilotons)
Chapter 6. Competitive Landscape
- 6.1. Recent Developments & Impact Analysis by Key Market Participants
- 6.2. Company Categorization
- 6.3. Company Heat Map Analysis
- 6.4. Company Profiles
- 6.4.1. Shell Bitumen
- 6.4.1.1. Participant's Overview
- 6.4.1.2. Financial Performance
- 6.4.1.3. Product Benchmarking
- 6.4.1.4. Recent Developments/ Strategic Initiatives
- 6.4.2. NuStar Energy
- 6.4.2.1. Participant's Overview
- 6.4.2.2. Financial Performance
- 6.4.2.3. Product Benchmarking
- 6.4.2.4. Recent Developments/ Strategic Initiatives
- 6.4.3. Exxon Mobil
- 6.4.3.1. Participant's Overview
- 6.4.3.2. Financial Performance
- 6.4.3.3. Product Benchmarking
- 6.4.3.4. Recent Developments/ Strategic Initiatives
- 6.4.4. Marathon Oil Corporation
- 6.4.4.1. Participant's Overview
- 6.4.4.2. Financial Performance
- 6.4.4.3. Product Benchmarking
- 6.4.4.4. Recent Developments/ Strategic Initiative
- 6.4.5. Valero Energy Corporation
- 6.4.5.1. Participant's Overview
- 6.4.5.2. Financial Performance
- 6.4.5.3. Product Benchmarking
- 6.4.5.4. Recent Developments/ Strategic Initiatives
- 6.4.6. Nynas AB
- 6.4.6.1. Participant's Overview
- 6.4.6.2. Financial Performance
- 6.4.6.3. Product Benchmarking
- 6.4.6.4. Recent Developments/ Strategic Initiatives
- 6.4.7. Petroleos Mexicanos (PEMEX)
- 6.4.7.1. Participant's Overview
- 6.4.7.2. Financial Performance
- 6.4.7.3. Product Benchmarking
- 6.4.7.4. Recent Developments/ Strategic Initiatives
- 6.4.8. Indian Oil Corporation
- 6.4.8.1. Participant's Overview
- 6.4.8.2. Financial Performance
- 6.4.8.3. Product Benchmarking
- 6.4.8.4. Recent Developments/ Strategic Initiatives
- 6.4.9. Chevron Texaco Corporation
- 6.4.9.1. Participant's Overview
- 6.4.9.2. Financial Performance
- 6.4.9.3. Product Benchmarking
- 6.4.9.4. Recent Developments/ Strategic Initiatives
- 6.4.10. Villas Austria GmbH
- 6.4.10.1. Participant's Overview
- 6.4.10.2. Financial Performance
- 6.4.10.3. Product Benchmarking
- 6.4.10.4. Recent Developments/ Strategic Initiatives
- 6.4.1. Shell Bitumen
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