Bitumen Market Size, Share, and Trends Analysis Report

CAGR :  Diagram

Market Size 2023 (Base Year) USD 89.31 Billion
Market Size 2032 (Forecast Year) USD 137.37 Billion
CAGR 4.9%
Forecast Period 2024 - 2032
Historical Period 2018 - 2023

Bitumen Market Insights

As per the published report by Market Research Store, the Global Bitumen Market size was estimated at USD 89.31 Billion in 2023 and is anticipated to reach reach USD 137.37 Billion by 2032, growing at a projected CAGR of 4.9% during the forecast period 2024-2032. The report provides a detailed analysis of the global Bitumen Market, including market trends, market dynamics, and market opportunities during the forecast period (2024-2032). It delves deeper into several market facets, such as market definition, size, growth, forecast, segmentation, competitive analysis, growth drivers, restraints, financial analysis, SWOT analysis, PORTER’s five force analysis, PESTEL analysis, market share analysis, cost-benefit analysis, challenges, restraints, strategic recommendations, and market players.

Bitumen Market Size

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The report covers forecast and analysis for the bitumen market on a global and regional level. The study provides historic data of 2014 along with a forecast from 2015 to 2020 based on both volumes (Kilo Tons) and 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 opportunities available in the bitumen market on a global level.

In order to give the users of this report a comprehensive view on the bitumen market, we have included a detailed competitive scenario, buying criteria and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the bitumen market has also been included. The study encompasses a market attractiveness analysis, wherein product segments are benchmarked based on their market size, growth rate and general attractiveness.

Bitumen Market: Report Scope

Report Attributes Report Details
Report Name Bitumen Market
Market Size in 2023 USD 89.31 Billion
Market Forecast in 2032 USD 137.37 Billion
Growth Rate CAGR of 4.9%
Number of Pages 110
Key Companies Covered Bau Holding Vermögensverwaltung AG, Bouygues S.A., British Petroleum, ChevronTexaco Corporation, China Petroleum and Chemical Corporation, ExxonMobil, Indian Oil Corporation, Marathon Oil Company, JX Nippon Oil & Energy Corporation, NuStar Energy, Nynas AB, Petroleos Mexicanos, Shell Bitumen, Valero Energy Corporation, Villas Austria GmbH.
Segments Covered By Product, By Application, And By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2023
Historical Year 2018 to 2023
Forecast Year 2024 to 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

The study provides a decisive view on the bitumen market by segmenting the market based on product types and sub-types. All the application segments have been analyzed based on present and future trends and the market is estimated from 2014 to 2020. Key application markets covered under this study includes the use of this bitumen in roadways, waterproofing, adhesives, insulation and other applications like decorative and industrial.The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and Rest of the World with its further bifurcation into major countries including U.S. Germany, France, UK, China, Japan, India and Brazil. 

The report covers detailed competitive outlook including company profiles of the key participants operating in the global market. Key players profiled in the report include:

  • Bau Holding Vermögensverwaltung AG
  • Bouygues S.A.
  • British Petroleum
  • ChevronTexaco Corporation
  • China Petroleum and Chemical Corporation
  • ExxonMobil
  • Indian Oil Corporation
  • Marathon Oil Company
  • JX Nippon Oil & Energy Corporation
  • NuStar Energy
  • Nynas AB
  • Petroleos Mexicanos
  • Shell Bitumen
  • Valero Energy Corporation
  • Villas Austria GmbH.

The report segments the global bitumen market into:

Global Bitumen Market: Product Segment Analysis

  • Paving grade bitumen
  • Oxidized bitumen
  • Cutback bitumen
  • Bitumen emulsion
  • Polymer Modified Bitumen (PMB)
  • Others (Including bitumen formed due to addition of zinc, copper, etc.)

Global Bitumen Market: Application Segment Analysis

  • Roadways
  • Waterproofing
  • Adhesive
  • Insulation
  • Others (Including decorative and industrial applications)

Global Bitumen Market: Regional Segment Analysis

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

Frequently Asked Questions

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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 market volume and revenue, 2014 - 2020 (Kilo Tons) (USD Million)
    • 2.2. Global bitumen market: Snapshot
  • Chapter 3. Bitumen Market – Global and Industry Analysis
    • 3.1. Bitumen: Market dynamics
    • 3.2. Value chain analysis
    • 3.3. Market drivers
      • 3.3.1. Drivers for global bitumen market: Impact analysis
      • 3.3.2. Growth in demand for roadways
      • 3.3.3. Growing demand for waterproofing
      • 3.3.4. Rising demand for adhesives
      • 3.3.5. Global demand for insulations
    • 3.4. Market restraints
      • 3.4.1. Restraints for global bitumen market: Impact analysis
      • 3.4.2. Environmental regulations
    • 3.5. Opportunities
      • 3.5.1. Development of bio-based bitumen
    • 3.6. Porter’s five forces analysis
    • 3.7. Market Attractiveness Analysis
      • 3.7.1. Market attractiveness analysis by application segment
      • 3.7.2. Market attractiveness analysis by regional segment
  • Chapter 4. Global Bitumen Market - Competitive Landscape
    • 4.1. Company market share
    • 4.2. Production capacity (subject to data availability)
    • 4.3. Raw material analysis
    • 4.4. Price trend analysis
  • Chapter 5. Global Bitumen Market – Product Segment Analysis
    • 5.1. Global bitumen market: Product overview
      • 5.1.1. Global bitumen market volume share, by product, 2014 and 2020
    • 5.2. Paving bitumen
      • 5.2.1. Global paving bitumen market volume, by product, 2014 – 2020 (Kilo Tons)
      • 5.2.2. Global paving bitumen market revenue, by product, 2014 – 2020 (USD Million)
      • 5.2.3. Global paving bitumen market volume, by application, 2014 – 2020 (Kilo Tons)
      • 5.2.4. Global paving bitumen market revenue, by application, 2014 – 2020 (USD Million)
    • 5.3. Oxidized bitumen
      • 5.3.1. Global oxidized bitumen market volume, by region, 2014 – 2020 (Kilo Tons)
      • 5.3.2. Global oxidized bitumen market revenue, by region, 2014 – 2020 (USD Million)
      • 5.3.3. Global oxidized bitumen market volume, by application, 2014 – 2020 (Kilo Tons)
      • 5.3.4. Global oxidized bitumen market revenue, by application, 2014 – 2020 (USD Million)
    • 5.4. Cutback bitumen
      • 5.4.1. Global cutback bitumen market volume, by region, 2014 – 2020 (Kilo Tons)
      • 5.4.2. Global cutback bitumen market revenue, by region, 2014 – 2020 (USD Million)
      • 5.4.3. Global cutback bitumen market volume, by application, 2014 – 2020 (Kilo Tons)
      • 5.4.4. Global cutback bitumen market revenue, by application, 2014 – 2020 (USD Million)
    • 5.5. Bitumen emulsion
      • 5.5.1. Global bitumen emulsion market volume, by region, 2014 – 2020 (Kilo Tons)
      • 5.5.2. Global bitumen emulsion market revenue, by region, 2014 – 2020 (USD Million)
      • 5.5.3. Global bitumen emulsion market volume, by application, 2014 – 2020 (Kilo Tons)
      • 5.5.4. Global bitumen emulsion market revenue, by application, 2014 – 2020 (USD Million)
    • 5.6. Polymer modified bitumen (PMB)
      • 5.6.1. Global polymer modified bitumen (PMB) market volume, by region, 2014 – 2020 (Kilo Tons)
      • 5.6.2. Global polymer modified bitumen (PMB) market revenue, by region, 2014 – 2020 (USD Million)
      • 5.6.3. Global polymer modified bitumen (PMB) market volume, by application, 2014 – 2020 (Kilo Tons)
      • 5.6.4. Global polymer modified bitumen (PMB) market revenue, by application, 2014 – 2020 (USD Million)
  • Chapter 6. Global Bitumen Market – Application Segment Analysis
    • 6.1. Global bitumen market: Application overview
      • 6.1.1. Global bitumen market volume share by application, 2014 and 2020
    • 6.2. Roadways
      • 6.2.1. Global bitumen market for roadways, 2014 – 2020 (Kilo Tons) (USD Million)
    • 6.3. Waterproofing
      • 6.3.1. Global bitumen market for waterproofing, 2014 – 2020 (Kilo Tons) (USD Million)
    • 6.4. Adhesives
      • 6.4.1. Global bitumen market for adhesives, 2014 – 2020 (Kilo Tons) (USD Million)
    • 6.5. Insulation
      • 6.5.1. Global bitumen market for insulation, 2014 – 2020 (Kilo Tons) (USD Million)
    • 6.6. Others
      • 6.6.1. Global bitumen market for others, 2014 – 2020 (Kilo Tons) (USD Million)
  • Chapter 7. Global Bitumen Market – Regional Segment Analysis
    • 7.1. Global bitumen market: Regional overview
      • 7.1.1. Global bitumen market volume share by region, 2014 and 2020
    • 7.2. North America
      • 7.2.1. North America bitumen market volume, by product, 2014 – 2020 (Kilo Tons)
      • 7.2.2. North America bitumen market revenue, by product, 2014 – 2020 (USD Million)
      • 7.2.3. North America bitumen market volume, by application, 2014 – 2020 (Kilo Tons)
      • 7.2.4. North America bitumen market revenue, by application, 2014 – 2020 (USD Million)
      • 7.2.5. U.S.
        • 7.2.5.1. bitumen market volume, by product, 2014 – 2020 (Kilo Tons)
        • 7.2.5.2. bitumen market revenue, by product, 2014 – 2020 (USD Million)
        • 7.2.5.3. bitumen market volume, by application, 2014 – 2020 (Kilo Tons)
        • 7.2.5.4. bitumen market revenue, by application, 2014 – 2020 (USD Million)
    • 7.3. Europe
      • 7.3.1. Germany bitumen market, by product, 2014 – 2020 (Kilo Tons) (USD Million)
      • 7.3.2. Germany bitumen market, by application, 2014 – 2020 (Kilo Tons) (USD Million)
      • 7.3.3. France bitumen market, by product, 2014 – 2020 (Kilo Tons) (USD Million)
      • 7.3.4. France bitumen market, by application,2014 – 2020 (Kilo Tons) (USD Million)
      • 7.3.5. UK bitumen market, by product,2014 – 2020 (Kilo Tons) (USD Million)
      • 7.3.6. UK bitumen market, by application,2014 – 2020 (Kilo Tons) (USD Million)
    • 7.4. Asia Pacific
      • 7.4.1. China bitumen market, by product, 2014 – 2020 (Kilo Tons) (USD Million)
      • 7.4.2. China bitumen market, by application, 2014 – 2020 (Kilo Tons) (USD Million)
      • 7.4.3. Japan bitumen market, by product,2014 - 2020 (Kilo Tons) (USD Million)
      • 7.4.4. Japan bitumen market, by application,2014 - 2020 (Kilo Tons) (USD Million)
      • 7.4.5. India bitumen market, by product,2014 - 2020 (Kilo Tons) (USD Million)
      • 7.4.6. India bitumen market, by application,2014 - 2020 (Kilo Tons) (USD Million)
    • 7.5. Latin America
      • 7.5.1. Brazil bitumen market, by product, 2014 – 2020 (Kilo Tons) (USD Million)
      • 7.5.2. Brazil bitumen market, by application, 2014 – 2020 (Kilo Tons) (USD Million)
    • 7.6. Middle East and Africa
      • 7.6.1. Middle East and Africa bitumen market, by product, 2014 – 2020 (Kilo Tons) (USD Million)
      • 7.6.2. Middle East and Africa bitumen market, by application, 2014 – 2020 (Kilo Tons) (USD Million)
  • Chapter 8. Company Profile
    • 8.1. Bau Holding Vermögensverwaltung AG
      • 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. Bouygues S.A
      • 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. British Petroleum
      • 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. China Petroleum and Chemical 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. Indian Oil Corporation
      • 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. JX Nippon Oil & Energy Corporation
      • 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. NuStar Energy
      • 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. Nynas AB
      • 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. Petroleos Mexicanos
      • 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. Shell Bitumen
      • 8.13.1. Overview
      • 8.13.2. Financials
      • 8.13.3. Product Portfolio
      • 8.13.4. Business Strategy
      • 8.13.5. Recent Developments

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