Bitumen Market - Global Industry Analysis

Bitumen Market By Type, Product (Paving Grade Bitumen, Oxidized Bitumen, Cutback Bitumen, Bitumen Emulsion, Polymer Modified Bitumen (PMB), and Others), By Application (Roadways, Waterproofing, Adhesive, Insulation, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 – 2024

Published Date: 06-Jun-2018 Category: Chemical & Materials Report Format : PDF Pages: 110 Report Code: ZMR-1491 Status : Published

Global bitumen market is expected to reach USD 34.36 million by 2024, growing at a CAGR of around 4.0% between 2018 and 2024. The growing construction industry and the extensive infrastructure activities in the developing economies are expected to drive the demand for bitumen within the forecast period.

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Description

Bitumen Market: Overview

The report covers forecasts and analyses for the bitumen market on a global and regional level. The study provides historical data from 2015 to 2017 along with a forecast from 2018 to 2024 based on revenue (USD Million). The study includes drivers and restraints for the bitumen market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of the opportunities available in the bitumen market on a global level.

In order to give the users of this report a comprehensive view of the bitumen market, we have included a competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein the type product segment and application segment are benchmarked based on their market size, growth rate, and general attractiveness.

Global Bitumen Market

The report provides a company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new application launches, agreements, partnerships, collaborations & joint ventures, research & development, application, and regional expansion of major participants involved in the market on a global and regional basis. Moreover, the study covers price trend analysis, and the type portfolio of various companies according to the region.

The study provides a decisive view of the bitumen market by segmenting the market based on type product, application, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2017 2018 to 20232024. Based on the type of product, the market is segmented into paving grade bitumen, oxidized bitumen, cutback bitumen, bitumen emulsion, polymer modified bitumen (PMB), and others. On the basis of application, the market is segmented into roadways, waterproofing, adhesive, insulation, and others. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa with its further bifurcation into major countries including the U.S., UK, Germany, France, China, Japan, India, and Brazil, and the Middle East and Africa. This segmentation includes demand for bitumen market based on type product and application in all the regions and countries.

The report also includes detailed profiles of end players such as Bouygues S.A., China Petroleum and Chemical Corporation, Villas Austria GmbH, ChevronTexaco Corporation, XJ Nippon Oil & Energy Corporation, ExxonMobil, British Petroleum, Marathon Oil Company, Nynas AB, Valero Energy Corporation, NuStar Energy, Bau Holding Vermögensverwaltung AG, Petroleos Mexicanos, Indian Oil Corporation, and Shell Bitumen, among others.

This report segments the global bitumen market as follows:

Global Bitumen Market: TypeProduct Analysis

Paving grade bitumen
Oxidized bitumen
Cutback bitumen
Bitumen emulsion
Polymer-modified bitumen (PMB)
Others

Global Bitumen Market: Application Analysis

Roadways
Waterproofing
Adhesive
Insulation
Others

Global Bitumen Market: Regional Segment Analysis

North America
- The U.S.
Europe
- UK
- France
- Germany
Asia Pacific
- China
- Japan
- India
Latin America
- Brazil
The Middle East and Africa

Table Of Content

Chapter 1. Introduction
- 1.1. Report description and scope
- 1.2. Research scope
- 1.3. Research methodology
  - 1.3.1. Market research process
  - 1.3.2. Market research methodology
Chapter 2. Executive Summary
- 2.1. Global bitumen market, 2015-2024 (USD Million)
- 2.2. Global bitumen market: snapshot
Chapter 3. Bitumen Market- Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
  - 3.2.1. Growth in demand for roadways
  - 3.2.2. Growing demand for waterproofing
  - 3.2.3. Rising demand for adhesives
- 3.3. Market Restraints
  - 3.3.1. Environmental regulations
- 3.4. Opportunities
  - 3.4.1. Development of bio-based bitumen
- 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 from new entrants
  - 3.5.4. Threat from new substitutes
  - 3.5.5. Degree of competition
- 3.6. Market Attractiveness Analysis
  - 3.6.1. Market attractiveness analysis, by type segment
  - 3.6.2. Market attractiveness analysis, by application segment
Chapter 4. Global Bitumen Market- Competitive Landscape
- 4.1. Company market share analysis
  - 4.1.1. Global bitumen market: company market share, 2017
- 4.2. Strategic development
  - 4.2.1. Acquisitions & mergers
  - 4.2.2. New type launch
  - 4.2.3. Agreements, partnerships, collaborations and joint ventures
  - 4.2.4. Research and development and regional expansion
- 4.3. Price trend analysis
Chapter 5. Global Bitumen Market- Product Segment Analysis
- 5.1. Global bitumen market: type overview
  - 5.1.1. Global bitumen market revenue share, by type, 2017 and 2023
- 5.2. Paving Grade Bitumen
  - 5.2.1. Global bitumen market for paving grade bitumen market, 2015-2024 (USD Million)
- 5.3. Oxidized Bitumen
  - 5.3.1. Global bitumen market for oxidized bitumen market, 2015-2024 (USD Million)
- 5.4. Cutback Bitumen
  - 5.4.1. Global bitumen market for cutback bitumen market, 2015-2024 (USD Million)
- 5.5. Bitumen Emulsion
  - 5.5.1. Global bitumen market for bitumen emulsion market, 2015-2024 (USD Million)
- 5.6. Polymer Modified Bitumen (PMB)
  - 5.6.1. Global bitumen market for polymer modified bitumen (PMB) market, 2015-2024 (USD Million)
- 5.7. Other
  - 5.7.1. Global bitumen market for other market, 2015-2024 (USD Million)
Chapter 6. Global Bitumen Market- Application Segment Analysis
- 6.1. Global bitumen market: application overview
  - 6.1.1. Global bitumen market revenue share, by application, 2017 and 2023
- 6.2. Roadways
  - 6.2.1. Global bitumen market for roadways 2015-2024 (USD Million)
- 6.3. Waterproofing
  - 6.3.1. Global bitumen market for waterproofing 2015-2024 (USD Million)
- 6.4. Adhesive
  - 6.4.1. Global bitumen market for adhesive 2015-2024 (USD Million)
- 6.5. Insulation
  - 6.5.1. Global bitumen market for insulation 2015-2024 (USD Million)
- 6.6. Others
  - 6.6.1. Global bitumen market for others 2015-2024 (USD Million)
Chapter 7. Global Bitumen Market- Regional Segment Analysis
- 7.1. Global bitumen market: regional overview
  - 7.1.1. Global bitumen market revenue share, by region, 2017 and 2023
- 7.2. North America
  - 7.2.1. North America bitumen market revenue, by type, 2015-2024 (USD Million)
  - 7.2.2. North America bitumen market revenue, by application, 2015-2024 (USD Million)
  - 7.2.3. U.S.
    - 7.2.3.1. U.S. bitumen market revenue, by type, 2015-2024 (USD Million)
    - 7.2.3.2. U.S. bitumen market revenue, by application, 2015-2024 (USD Million)
- 7.3. Europe
  - 7.3.1. Europe bitumen market revenue, by type, 2015-2024 (USD Million)
  - 7.3.2. Europe bitumen market revenue, by application, 2015-2024 (USD Million)
  - 7.3.3. U.K.
    - 7.3.3.1. U.K. bitumen market revenue, by type, 2015-2024 (USD Million)
    - 7.3.3.2. U.K. bitumen market revenue, by application, 2015-2024 (USD Million)
  - 7.3.4. Germany
    - 7.3.4.1. Germany bitumen market revenue, by type, 2015-2024 (USD Million)
    - 7.3.4.2. Germany bitumen market revenue, by application, 2015-2024 (USD Million)
  - 7.3.5. France
    - 7.3.5.1. France bitumen market revenue, by type, 2015-2024 (USD Million)
    - 7.3.5.2. France bitumen market revenue, by application, 2015-2024 (USD Million)
- 7.4. Asia Pacific
  - 7.4.1. Asia Pacific bitumen market revenue, by type, 2015-2024 (USD Million)
  - 7.4.2. Asia Pacific bitumen market revenue, by application, 2015-2024 (USD Million)
  - 7.4.3. China
    - 7.4.3.1. China bitumen market revenue, by type, 2015-2024 (USD Million)
    - 7.4.3.2. China bitumen market revenue, by application, 2015-2024 (USD Million)
  - 7.4.4. Japan
    - 7.4.4.1. Japan bitumen market revenue, by type, 2015-2024 (USD Million)
    - 7.4.4.2. Japan bitumen market revenue, by application, 2015-2024 (USD Million)
  - 7.4.5. India
    - 7.4.5.1. India bitumen market revenue, by type, 2015-2024 (USD Million)
    - 7.4.5.2. India bitumen market revenue, by application, 2015-2024 (USD Million)
- 7.5. Latin America
  - 7.5.1. Latin America bitumen market revenue, by type, 2015-2024 (USD Million)
  - 7.5.2. Asia Pacific bitumen market revenue, by application, 2015-2024 (USD Million)
  - 7.5.3. Brazil
    - 7.5.3.1. Brazil bitumen market revenue, by type, 2015-2024 (USD Million)
    - 7.5.3.2. Brazil bitumen market revenue, by application, 2015-2024 (USD Million)
- 7.6. Middle East and Africa
  - 7.6.1. Middle East and Africa bitumen market revenue, by type, 2015-2024 (USD Million)
  - 7.6.2. Middle East and Africa bitumen market revenue, by application, 2015-2024 (USD Million)
Chapter 8. Company Profile
- 8.1. Bouygues S.A.
  - 8.1.1. Overview
  - 8.1.2. Financials
  - 8.1.3. Product portfolio
  - 8.1.4. Business strategy
  - 8.1.5. Recent developments
- 8.2. China Petroleum and Chemical Corporation
  - 8.2.1. Overview
  - 8.2.2. Financials
  - 8.2.3. Product portfolio
  - 8.2.4. Business strategy
  - 8.2.5. Recent developments
- 8.3. Villas Austria GmbH
  - 8.3.1. Overview
  - 8.3.2. Financials
  - 8.3.3. Product portfolio
  - 8.3.4. Business strategy
  - 8.3.5. Recent developments
- 8.4. ChevronTexaco Corporation
  - 8.4.1. Overview
  - 8.4.2. Financials
  - 8.4.3. Product portfolio
  - 8.4.4. Business strategy
  - 8.4.5. Recent developments
- 8.5. JX Nippon Oil & Energy Corporation
  - 8.5.1. Overview
  - 8.5.2. Financials
  - 8.5.3. Product portfolio
  - 8.5.4. Business strategy
  - 8.5.5. Recent developments
- 8.6. ExxonMobil
  - 8.6.1. Overview
  - 8.6.2. Financials
  - 8.6.3. Product portfolio
  - 8.6.4. Business strategy
  - 8.6.5. Recent developments
- 8.7. British Petroleum
  - 8.7.1. Overview
  - 8.7.2. Financials
  - 8.7.3. Product portfolio
  - 8.7.4. Business strategy
  - 8.7.5. Recent developments
- 8.8. Marathon Oil Company
  - 8.8.1. Overview
  - 8.8.2. Financials
  - 8.8.3. Product portfolio
  - 8.8.4. Business strategy
  - 8.8.5. Recent developments
- 8.9. Nynas AB
  - 8.9.1. Overview
  - 8.9.2. Financials
  - 8.9.3. Product portfolio
  - 8.9.4. Business strategy
  - 8.9.5. Recent developments
- 8.10. Valero Energy Corporation
  - 8.10.1. Overview
  - 8.10.2. Financials
  - 8.10.3. Product portfolio
  - 8.10.4. Business strategy
  - 8.10.5. Recent developments
- 8.11. NuStar Energy
  - 8.11.1. Overview
  - 8.11.2. Financials
  - 8.11.3. Product portfolio
  - 8.11.4. Business strategy
  - 8.11.5. Recent developments
- 8.12. Bau Holding Vermögensverwaltung AG
  - 8.12.1. Overview
  - 8.12.2. Financials
  - 8.12.3. Product portfolio
  - 8.12.4. Business strategy
  - 8.12.5. Recent developments
- 8.13. Petroleos Mexicanos
  - 8.13.1. Overview
  - 8.13.2. Financials
  - 8.13.3. Product portfolio
  - 8.13.4. Business strategy
  - 8.13.5. Recent developments
- 8.14. Indian Oil Corporation
  - 8.14.1. Overview
  - 8.14.2. Financials
  - 8.14.3. Product portfolio
  - 8.14.4. Business strategy
  - 8.14.5. Recent developments
- 8.15. Shell Bitumen
  - 8.15.1. Overview
  - 8.15.2. Financials
  - 8.15.3. Product portfolio
  - 8.15.4. Business strategy
  - 8.15.5. Recent developments

Table Of Figures

List of Figures

1. Market research process
2. Market research methodology
3. Global bitumen market revenue, 2015-2024 (USD Million)
4. Porter’s five forces analysis
5. Bitumen market attractiveness analysis, by type segment
6. Bitumen market attractiveness analysis, by application segment
7. Bitumen market: market attractiveness analysis, by regional segment
8. Company market share analysis, 2017
9. Global bitumen market revenue share by type, 2017 and 2023
10. Global bitumen market for paving grade bitumen market, 2015-2024 (USD Million)
11. Global bitumen market for oxidized bitumen market, 2015-2024 (USD Million)
12. Global bitumen market for cutback bitumen market, 2015-2024 (USD Million)
13. Global bitumen market for bitumen emulsion market, 2015-2024 (USD Million)
14. Global bitumen market for Polymer Modified Bitumen (PMB) market, 2015-2024 (USD Million)
15. Global bitumen market for Other market, 2015-2024 (USD Million)
16. Global bitumen market revenue share by application, 2017 and 2023
17. Global bitumen market for roadways market, 2015-2024 (USD Million)
18. Global bitumen market for waterproofing market, 2015-2024 (USD Million)
19. Global bitumen market for adhesive market, 2015-2024 (USD Million)
20. Global bitumen market for insulation market, 2015-2024 (USD Million)
21. Global bitumen market for others market, 2015-2024 (USD Million)

Table Of Tables

List of Tables

1. Bitumen market: market snapshot
2. Drivers of global bitumen market: impact analysis
3. Restraints of global bitumen market: impact analysis
4. North America bitumen market revenue, by type, 2015-2024 (USD Million)
5. North America bitumen market revenue, by application, 2015-2024 (USD Million)
6. U.S. bitumen market revenue, by type, 2015-2024 (USD Million)
7. U.S. bitumen market revenue, by application, 2015-2024 (USD Million)
8. Europe bitumen market revenue, by type, 2015-2024 (USD Million)
9. Europe bitumen market revenue, by application, 2015-2024 (USD Million)
10. UK bitumen market revenue, by type, 2015-2024 (USD Million)
11. UK bitumen market revenue, by application, 2015-2024 (USD Million)
12. Germany bitumen market revenue, by type, 2015-2024 (USD Million)
13. Germany bitumen market revenue, by application, 2015-2024 (USD Million)
14. France bitumen market revenue, by type, 2015-2024 (USD Million)
15. France bitumen market revenue, by application, 2015-2024 (USD Million)
16. Asia Pacific bitumen market revenue, by type, 2015-2024 (USD Million)
17. Asia Pacific bitumen market revenue, by application, 2015-2024 (USD Million)
18. China bitumen market revenue, by type, 2015-2024 (USD Million)
19. China bitumen market revenue, by application, 2015-2024 (USD Million)
20. Japan bitumen market revenue, by type, 2015-2024 (USD Million)
21. Japan bitumen market revenue, by application, 2015-2024 (USD Million)
22. India bitumen market revenue, by type, 2015-2024 (USD Million)
23. India bitumen market revenue, by application, 2015-2024 (USD Million)
24. Latin America bitumen market revenue, by type, 2015-2024 (USD Million)
25. Latin America bitumen market revenue, by application, 2015-2024 (USD Million)
26. Brazil bitumen market revenue, by type, 2015-2024 (USD Million)
27. Brazil bitumen market revenue, by application, 2015-2024 (USD Million)
28. Middle East and Africa bitumen market revenue, by type, 2015-2024 (USD Million)
29. The Middle East and Africa bitumen market revenue, by application, 2015-2024 (USD Million)

Methodology

Free Analysis

Bitumen market is a rapidly growing industry with demand from various regions of the world. It is a combination of highly viscous organic liquids soluble in carbon disulfide which consists of extremely condensed polycyclic aromatic hydrocarbons. Naturally occurring bitumen is a tar-like form of petroleum which is dense, thick, and heavy, and it needs to be heated or diluted before being allowed to flow. Bitumen mostly contains sulfur and heavy metals which includes vanadium, mercury, lead, chromium, nickel, and other toxic elements. Rising demand for infrastructure development and improved roadways is driving the global bitumen market forward. With the growing population, the demand for infrastructure development and improving the standard of living is anticipated to aid the market growth of the bitumen market within the forecast period. Falling oil prices have led to a scarce scarcity in the supply of raw materials used in the production of bitumen. This has caused fluctuation in subsequently, the prices are being subjected to fluctuations owing to the uncertainty surrounding the global crude oil prices, which could is expected to be hampered the restraining factor for the growth of this the industry global bitumen market. The environmental regulations imposed on the manufacture and usage of bitumen could restrain the growth of the market. The long supply chain is another restraint for the bitumen market as bitumen is a strong product to handle. On the other hand, large contractors have been supplying the raw materials directly to the refineries in several regions across the globe. This is expected to unwrap new opportunities for the players operating in the global bitumen market.

The bitumen products market can be segmented into categories based on product type like such as cutback bitumen, paving grade bitumen, bitumen emulsion, oxidized bitumen, polymer modified bitumen (PMB), and others. PMB accounted for most of the global revenue and is expected to witness significant gains within the forecast period owing to its high porosity, high skid resistance, and low noise. These are the most important properties in the roadways industry sector. Hence, PMB is a more preferred product than other products over the other type segments.

Global Bitumen Market

Based on the application, bitumen market can be further segmented into categories like such as roadways, waterproofing, adhesive, insulation, and others. Roadways segment dominated the market in terms of revenue and is expected to grow within the forecast period. A superior road network is the most crucial feature of a developed country. This has led to rising demand for bitumen on account of rising need for superior developed road networks in developing countries. Waterproofing segment is expected to witness a good growth rate within the forecast period. Innovative modern construction systems having waterproofed flat roofs are expected to stimulate bitumen demand within the forecast period.

Among the regions, Asia Pacific accounted for most of the global market share and is expected to grow in light of rising construction industry growth in India, China, Thailand, and Vietnam. In addition, the presence of key players in the region is expected to augment the growth of the bitumen market in the Asia Pacific. Moreover, Asia Pacific region is expected to consume more bitumen owing to its extensive road network.

The Middle East & Africa bitumen market is expected to contribute for a significant growth over the forecast period as a result of increasing infrastructure activities in the region and the growing construction sector especially in countries like such as UAE and Qatar. In addition, increased government spending on construction activities is also expected to spur the growth of the bitumen sector market in the Middle East & Africa.

The key players operating in this the global bitumen market are Bouygues S.A., China Petroleum and Chemical Corporation, Villas Austria GmbH, ChevronTexaco Corporation, JX Nippon Oil & Energy Corporation, ExxonMobil, British Petroleum, Marathon Oil Company, Nynas AB, Valero Energy Corporation, NuStar Energy, Bau Holding Vermögensverwaltung AG, Petroleos Mexicanos, Indian Oil Corporation, and Shell Bitumen, among others.