March 5, 2024

Bitumen Market Size to Grow US$ 146.21 Billion By 2030

The global bitumen market size was approximate at US$ 103.94billion in 2022 and is anticipated to grow US$ 146.21 billion by 2030, registering a compound annual growth rate of 146.21 % from 2022 to 2030.

Bitumen Market Size 2022 To 2030

The bitumen market report covering various industry elements and growth trends helpful for predicting the market’s future.

The study provides a strong base for the bitumen market to be segmented into different segments. In fact, the study also covers the maximum market share during the assessment period by 2030.

This study is based on the partners that are highly competitive, key players as well as their market revenue in the forecast years of 2022 to 2030. There is also a strong focus on product revenues, sales, product categories and even the products that are experiencing the most traction. In this manner, the bitumen report also speaks about the effectiveness of this market along with its growth during the forecast period of 2030. Other major attributes of the bitumen market have been studied and analyzed across many developments.

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Bitumen Market Report Scope 

Report Coverage Details
Market Size in 2022 USD 103.94 Billion
Market Size by 2030 USD 146.21 Billion
Growth Rate from 2022 to 2030 CAGR of 4.36%
Base Year 2021
Forecast Period 2022 to 2030
Segments Covered
  • By Product
  • By Application

Also read: Industrial Generator Market Size to Grow US$ 30.9 Billion By 2030

Research Approach

The comprehensive report on the global bitumen market begins with an overview, followed by the scope and objectives of the study. The report provides detailed explanation of the objectives behind this study and key vendors and distributors operating in the market and regulatory scenario for approval of products. Following this, the report provides detailed explanation of objectives of this study and laid down by accredited agencies in the purview of research in the global bitumen market.

It is followed by market introduction, market dynamics, and an overview of the global market, which includes analysis of market drivers, restraints, and trends pertaining to the global market. Furthermore, Y-o-Y growth analysis with elaborated insights has been provided in order to understand the Y-o-Y growth trend of the global market.

For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section divided into smaller sections. The report comprises an exhaustive collection of graphs and tables that are appropriately interspersed. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.

Key Players

  • AMT Techno
  • Athabasca Oil Corporation (Canada)
  • Baker Hughes
  • Bouygues Groups (France)
  • Bp p.l.c (UK)
  • CEMEX S.A.B. de C.V.
  • Chevron Corporation (US)
  • China Petroleum and Chemical Corporation
  • ENEOS Corporation (Japan)
  • ExxonMobil Corporation (US)
  • Gazprom- Neft (Russia)
  • Gulf Petrochem
  • IKA Group
  • Imperial Oil Limited (Canada)
  • Indian Oil Corporation Ltd (India)
  • JX Nippon Oil & Energy Corporation
  • LN Petrochem
  • Marathon Oil Company (US)
  • Maruti Group
  • MBD Industries
  • Nippon Oil Corporation,
  • NuStar Energy L.P (US)
  • Nynas AB (Sweden)
  • PetróleosMexicanos (Mexico)
  • Ratnamani Industries
  • Roadstar
  • Royal Dutch Shell plc (UK)
  • Sasol Ltd.
  • Shell Bitumen (UK)
  • Sinopec Corporation (China)
  • Suncor Energy Inc, (Canada)
  • Syncrude Canada Ltd. (Canada)
  • The Richmond Group
  • Tiki Tar Industries
  • Total Energy (France)
  • United Refining Company
  • Valero Energy Corporation
  • Veekay Industries
  • Villas Austria GmbH (Austria)

Bitumen Market Segmentations

By Product

  • Oxidized
  • Paving
  • Emulsion
  • Cutback
  • Polymer Modified
  • Others

By Application

  • Waterproofing
  • Roadways
  • Insulation
  • Adhesives
  • Others

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa (MEA)

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Bitumen Market 

5.1. COVID-19 Landscape: Bitumen Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Bitumen Market, By Product

8.1. Bitumen Market, by Product, 2022-2030

8.1.1. Oxidized

8.1.1.1. Market Revenue and Forecast (2017-2030)

8.1.2. Paving

8.1.2.1. Market Revenue and Forecast (2017-2030)

8.1.3. Emulsion

8.1.3.1. Market Revenue and Forecast (2017-2030)

8.1.4. Cutback

8.1.4.1. Market Revenue and Forecast (2017-2030)

8.1.5. Polymer Modified

8.1.5.1. Market Revenue and Forecast (2017-2030)

8.1.6. Others

8.1.6.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Bitumen Market, By Application

9.1. Bitumen Market, by Application, 2022-2030

9.1.1. Waterproofing

9.1.1.1. Market Revenue and Forecast (2017-2030)

9.1.2. Roadways

9.1.2.1. Market Revenue and Forecast (2017-2030)

9.1.3. Insulation

9.1.3.1. Market Revenue and Forecast (2017-2030)

9.1.4. Adhesives

9.1.4.1. Market Revenue and Forecast (2017-2030)

9.1.5. Others

9.1.5.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global Bitumen Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Forecast, by Product (2017-2030)

10.1.2. Market Revenue and Forecast, by Application (2017-2030)

10.1.3. U.S.

10.1.3.1. Market Revenue and Forecast, by Product (2017-2030)

10.1.3.2. Market Revenue and Forecast, by Application (2017-2030)

10.1.4. Rest of North America

10.1.4.1. Market Revenue and Forecast, by Product (2017-2030)

10.1.4.2. Market Revenue and Forecast, by Application (2017-2030)

10.2. Europe

10.2.1. Market Revenue and Forecast, by Product (2017-2030)

10.2.2. Market Revenue and Forecast, by Application (2017-2030)

10.2.3. UK

10.2.3.1. Market Revenue and Forecast, by Product (2017-2030)

10.2.3.2. Market Revenue and Forecast, by Application (2017-2030)

10.2.4. Germany

10.2.4.1. Market Revenue and Forecast, by Product (2017-2030)

10.2.4.2. Market Revenue and Forecast, by Application (2017-2030)

10.2.5. France

10.2.5.1. Market Revenue and Forecast, by Product (2017-2030)

10.2.5.2. Market Revenue and Forecast, by Application (2017-2030)

10.2.6. Rest of Europe

10.2.6.1. Market Revenue and Forecast, by Product (2017-2030)

10.2.6.2. Market Revenue and Forecast, by Application (2017-2030)

10.3. APAC

10.3.1. Market Revenue and Forecast, by Product (2017-2030)

10.3.2. Market Revenue and Forecast, by Application (2017-2030)

10.3.3. India

10.3.3.1. Market Revenue and Forecast, by Product (2017-2030)

10.3.3.2. Market Revenue and Forecast, by Application (2017-2030)

10.3.4. China

10.3.4.1. Market Revenue and Forecast, by Product (2017-2030)

10.3.4.2. Market Revenue and Forecast, by Application (2017-2030)

10.3.5. Japan

10.3.5.1. Market Revenue and Forecast, by Product (2017-2030)

10.3.5.2. Market Revenue and Forecast, by Application (2017-2030)

10.3.6. Rest of APAC

10.3.6.1. Market Revenue and Forecast, by Product (2017-2030)

10.3.6.2. Market Revenue and Forecast, by Application (2017-2030)

10.4. MEA

10.4.1. Market Revenue and Forecast, by Product (2017-2030)

10.4.2. Market Revenue and Forecast, by Application (2017-2030)

10.4.3. GCC

10.4.3.1. Market Revenue and Forecast, by Product (2017-2030)

10.4.3.2. Market Revenue and Forecast, by Application (2017-2030)

10.4.4. North Africa

10.4.4.1. Market Revenue and Forecast, by Product (2017-2030)

10.4.4.2. Market Revenue and Forecast, by Application (2017-2030)

10.4.5. South Africa

10.4.5.1. Market Revenue and Forecast, by Product (2017-2030)

10.4.5.2. Market Revenue and Forecast, by Application (2017-2030)

10.4.6. Rest of MEA

10.4.6.1. Market Revenue and Forecast, by Product (2017-2030)

10.4.6.2. Market Revenue and Forecast, by Application (2017-2030)

10.5. Latin America

10.5.1. Market Revenue and Forecast, by Product (2017-2030)

10.5.2. Market Revenue and Forecast, by Application (2017-2030)

10.5.3. Brazil

10.5.3.1. Market Revenue and Forecast, by Product (2017-2030)

10.5.3.2. Market Revenue and Forecast, by Application (2017-2030)

10.5.4. Rest of LATAM

10.5.4.1. Market Revenue and Forecast, by Product (2017-2030)

10.5.4.2. Market Revenue and Forecast, by Application (2017-2030)

Chapter 11. Company Profiles

11.1. AMT Techno

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. Athabasca Oil Corporation (Canada)

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. Baker Hughes

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. Bouygues Groups (France)

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. Bp p.l.c (UK)

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. CEMEX S.A.B. de C.V.

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. Chevron Corporation (US)

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. China Petroleum and Chemical Corporation

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. ENEOS Corporation (Japan)

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. ExxonMobil Corporation (US)

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

Why should you invest in this report?

If you are aiming to enter the global bitumen market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for bitumen are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

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Prathamesh

I have completed my education in Bachelors in Computer Application. A focused learner having a keen interest in the field of digital marketing, SEO, SMM, and Google Analytics enthusiastic to learn new things along with building leadership skills.

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