The rising demand for bitumen as an additive in the solvents and paints industry is becoming a significant driver for the Saudi Arabia bitumen market. Bitumen is known for its adhesive and waterproofing properties and is increasingly being recognized for its versatility beyond traditional uses in road construction. This shift in application is opening up new avenues for growth within the bitumen sector.
In the solvents and paints industry, bitumen is utilized primarily for its binding and protective qualities. Inclusion of bitumen in formulations enhances the durability and performance of various products, making it an attractive option for manufacturers. As urbanization accelerates and construction projects surge in Saudi Arabia, the demand for high-quality paints and coatings is also on the rise. These products are essential for both aesthetic and functional purposes, providing protective layers for buildings, infrastructure, and industrial equipment.
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Data Bridge Market Research analyzes that Saudi Arabia Bitumen Market is expected to reach USD 6.47 billion by 2031 from USD 4.61 Thousand
Key Findings of the Study
Rapid Infrastructure Development in Saudi Arabia
Rapid infrastructure development in Saudi Arabia is a key driver for the bitumen market, significantly influencing demand and growth within the sector. As part of its Vision 2030 initiative, the Saudi government has committed to diversifying the economy and investing heavily in infrastructure projects, including roads, bridges, airports, and urban developments. This comprehensive strategy aims to enhance connectivity, stimulate economic growth, and improve the quality of life for citizens. The construction of extensive road networks is particularly critical. With vast desert landscapes and growing urban centers, efficient transportation infrastructure is essential for facilitating trade and mobility. Bitumen, a crucial material used in asphalt production, is necessary for the construction and maintenance of roads. As the government rolls out ambitious projects, the demand for bitumen is expected to rise substantially.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016 - 2021)
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Quantitative Units
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Revenue in USD Billion
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Segments Covered
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Product (Penetrated/Hard Grade Bitumen/Paving Grade Bitumen, Polymer Modified Bitumen, Cutback Bitumen, Bitumen Emulsion, Oxidized Bitumen, Specialty Blended Bitumen, and Others), Grade (60/70, 50/70, 70/100, 80/100, 160/220, and Others), Form (Semi-Solid and Liquid), Category (Regular and Premium), Processing Method (Continuous Blowing Procedure and Discontinuous Blowing Procedure), Packaging Type (Plastic Meltable Bag, Drum, Carton Box, Craft Bag, Keg, Box Pallet, and Others), Composition (Saturated Hydrocarbons, Naphthene Aromatics, Polar Aromatics, and Asphaltenes), Application (Roadways, Waterproofing [Roofing], Adhesive (Thermal Insulation), Paints, Sealing, Pipe Coatings, Mastics, Ceramics, Electricals, Newspaper Ink Production, and Others)
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Market Players Covered
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Saudi Arabian Oil Co. (Saudi Arabia), Shell plc (U.K.), Exxon Mobil Corporation (U.S.), TotalEnergies (France), Repsol (Spain), Bitumat Company Limited (Saudi Arabia), Al Majwal Group (Saudi Arabia), SaudiBitumen (Saudi Arabia), RAHABitumen Inc. (U.A.E.), and Reda National (Saudi Arabia) among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include import export analysis, production capacity overview, production consumption analysis, price trend analysis, climate change scenario, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework.
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Segment Analysis
Saudi Arabia bitumen market is segmented into eight notable segments based on product, grade, form, category, processing method, packaging type, composition, and application.
- On the basis of product, the Saudi Arabia bitumen market is segmented into penetrated/hard grade bitumen/paving grade bitumen, polymer modified bitumen, cutback bitumen, bitumen emulsion, oxidized bitumen, specialty blended bitumen, and others
In 2024, the penetrated/hard grade bitumen/paving grade bitumen segment is expected to dominate the Saudi Arabia bitumen market
In 2024, the penetrated/hard grade bitumen/paving grade bitumen segment is expected to dominate the market with a market share of 33.08% due to its widespread use in road construction and maintenance, which is a priority in the country’s infrastructure development initiatives.
- On the basis of grade, the Saudi Arabia bitumen market is segmented into 60/70, 50/70, 70/100, 80/100, 160/220, and others
In 2024, the 60/70 segment is expected to dominate the Saudi Arabia bitumen market
In 2024, the 60/70 segment is expected to dominate the market with a market share of 29.20% due to its widespread use in road construction and infrastructure projects. This grade is particularly favored for its optimal balance between hardness and flexibility, making it suitable for the extreme temperature variations experienced in Saudi Arabia.
- On the basis of form, the Saudi Arabia bitumen market is segmented into semi-solid and liquid. In 2024, the semi-solid segment is expected to dominate the market with a market share of 68.28%
- On the basis of category, the Saudi Arabia bitumen market is segmented into regular and premium. In 2024, the regular segment is expected to dominate the market with a market share of 90.80%
- On the basis of processing method, the Saudi Arabia bitumen market is segmented into continuous blowing procedure and discontinuous blowing procedure. In 2024, the continuous blowing procedure segment is expected to dominate the market with a market share of 61.98%
- On the basis of packaging type, the Saudi Arabia bitumen market is segmented into plastic meltable bag, drum, carton box, craft bag, keg, box pallet, and others. In 2024, the plastic meltable bag segment is expected to dominate the market with a market share of 77.75%
- On the basis of composition, the Saudi Arabia bitumen market is segmented into saturated hydrocarbons, naphthene aromatics, polar aromatics, and asphaltenes. In 2024, the saturated hydrocarbon segment is expected to dominate the market with a market share of 72.38%
- On the basis of application, the Saudi Arabia bitumen market is segmented into roadways, waterproofing [roofing], adhesive (thermal insulation), paints, sealing, pipe coatings, mastics, ceramics, electricals, newspaper ink production, and others. In 2024, the roadways segment is expected to dominate the market with a market share of 79.73%
Major Players
Data Bridge Market Research analyzes Saudi Arabian Oil Co. (Saudi Arabia), Shell plc (U.K.), TotalEnergies (U.S.), Exxon Mobil Corporation (France), and Repsol (Spain) as the major players in the Saudi Arabia bitumen market.
Market Developments
- In September 2024, Aramco and China National Building Material Group have announced a strategic collaboration aimed at enhancing sustainable construction solutions. This partnership focuses on innovative technologies and materials to promote efficient building practices
- In July 2024, Aramco will acquire a 50% stake in Air Products' Qudra Blue Hydrogen Industrial Gases Company. This strategic investment aims to advance hydrogen production and support sustainable energy initiatives in the region
- In October 2020, TotalEnergies launched a Digital Portal for Bitumen Customers, enhancing user experience by providing easy access to order management, shipment tracking, and technical support. This platform streamlines operations, improving efficiency and customer satisfaction, while empowering clients to make informed decisions. Ultimately, it strengthens TotalEnergies' market position by fostering closer relationships with its customers
- In October 2020, Repsol become the first European manufacturer to receive Environmental Product Declarations (EPDs) for its bituminous binders. This certification demonstrates the company’s commitment to sustainability and transparency in its production processes. By obtaining EPDs, Repsol is enhancing its reputation in the asphalt industry while providing customers with verified environmental impact information
- In November 2023, SaudiBitumen highlighted their vision at the Big 5 Dubai event to expand operations by constructing new factories aimed at increasing production capacity. Their focus is on leading the bitumen manufacturing industry in Saudi Arabia and beyond
As per Data Bridge Market Research analysis:
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