Global Bitumen Market – Industry Trends and Forecast to 2029

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Global Bitumen Market – Industry Trends and Forecast to 2029

  • Chemical and Materials
  • May 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60
  • Author : Varun Juyal

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Global Bitumen Market, By Product (Paving, Oxidized, Cutback, Emulsion, Polymer Modified), Application (Roadways, Waterproofing, Adhesives, Insulation and Others) – Industry Trends and Forecast to 2029

Bitumen Market

Market Analysis and Size

Bitumen is obtained in the form of the residue from the distillation of crude oil. It was first utilized due to its waterproofing and natural adhesive properties, which helps to bind building materials together and line ship bottoms. This is also used as a medicine. The demand of bitumen is growing for infrastructure due to increasing the population and improving the standard of living which is anticipated to bolster the growth of bitumen market during forecast period.

Data Bridge Market Research analyses that the bitumen market was valued at USD 51.70 billion in 2021 and is expected to reach USD 70.43 billion by 2029, registering a CAGR of 3.94 % during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.  

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Product (Paving, Oxidized, Cutback, Emulsion, Polymer Modified), Application (Roadways, Waterproofing, Adhesives, Insulation and Others)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

Valero(US), NuStar Energy L.P (US), Suncor Energy Inc, (Canada), Athabasca Oil Corporation (Canada), Imperial Oil Limited (Canada), Syncrude Canada Ltd. (Canada), Indian Oil Corporation Ltd (India), ENEOS Corporation (Japan), ExxonMobil Coroporation (US), Shell Bitumen (UK), Petróleos Mexicanos (Mexico), Nynas AB (Sweden), Marathon Oil Company (US), Bp p.l.c (UK), Royal Dutch Shell plc (UK), Total Energy (France), Sinopec Corporation (China), Chevron Corporation (US), Bouygues Groups (France), Villas Austria GmbH (Autria), Gazprom- Neft (Russia)

Market Opportunities

  • Increase in the number of emerging markets
  • Increasing number of product innovations
  • Rise in strategic collaborations

Market Definition

Bitumen is a viscous substance which exists in a liquid to a semi-solid form. It has a blackish-brown color. Bitumen is commonly possessed of asphaltene resin and other petroleum composites. Natural bitumen is a form of petroleum, which is so dense, thick and heavy when this will diluted or heated before it will flow. Bitumen contains sulfur and other heavy metals, such as mercury, chromium, nickel, vanadium, lead, and many other toxic elements. Usually, bitumen finds its many application such as in insulating, road surfacing, waterproofing, sealing, and others.

Bitumen Market Dynamics

Drivers

  • Rising the demand of construction

The physical features bitumen’s like hardness, adhesion, resistance to water, ductility, and higher softening point, bitumen is normally used in the building sector for the roofs. Due to this augmented the demand for bitumen overall the globe which are expected to increase the growth of the bitumen market.

  • Increase in the use of waterproofing

The nature of bitumen is highly viscous and sticky due to this it is generally used as a waterproofing agent on the roofs of commercial and residential buildings. Bituminous waterproofing is protect the roof from water seepage and leakage. Bitumen is used to protect the roof decks from rain before roofing or installation.

  • High demand in road construction

Road construction projects are generating large revenue for companies in the bitumen market. Bitumen is mainly used in road construction due to their several advantages and properties. Bitumen have certain unique properties which are inbuilt in it during its production. As a raw material, the bitumen is used in flexible road construction that generally uses bitumen in road construction.

Opportunities

Bitumen is generally used as a chemical additive in numerous applications for example, black paints and solvents. As a chemical additive, bitumen aids in improving the productivity of coatings and paints and increases the viscosity of waterproofing agents. Chemically-modified bitumen is also used as a candy coated chemical additive in emulsions. When bitumen has mixed with organic amides and amines, bitumen helps to provide better adhesion properties and when it mixed with fly ash and lime it provides smooth and excellent road surfaces. Therefore, these factors are expected to increase the bitumen market during the upcoming years.

Restraints/ Challenges

The decline of oil prices has resulted in decreased supply of raw material which has caused rate volatility and fluctuation in the bitumen market, which will restrain the expansion of industry during forecast period. Due to the long supply chain of bitumen being a robust product to handle. This feature is being challenged as large suppliers which have begun directly selling to the refineries.

Also, manufacturing processes and strict environmental regulations towards uses obstruct the growth of the bitumen market in future years. Petrochemical prices and wavering oil prices during the forecast period can have an effect on the price trends in the bitumen market. However, bio-based bitumen development is analysed to generate new growth opportunities for industry players.

This bitumen market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the bitumen market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Bitumen Market

COVID-19 had an adverse impact on the several market. The construction industry performance is expected to be moderately impacted by the effect on cash flow due to this affected the income of a comparatively broader segment of society, which is anticipated to affect the market analyzed. Declining expenses in the building and road construction sectors resulted in lesser consumption of bitumen in applications such as waterproofing of building roofs and basements, road construction, sealant, filler, and adhesive, which harmed the market bitumen. Central government imposed lockdown which disrupted the supply chain of bitumen, which in turn affected the growth of the market. However, with the slowing removal of the Covid-19 restriction, the market is anticipated to grow at a significant rate.

Global Bitumen Market Scope

The bitumen market is segmented on the basis of products and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

  • Paving
  • Oxidized
  • Cutback
  • Emulsion
  • Polymer Modified

 Application

  • Roadways
  • Waterproofing
  • Adhesives
  • Insulation
  • Others

Bitumen Market Regional Analysis/Insights

The bitumen market is analysed and market size insights and trends are provided by country, products and application as referenced above.

The countries covered in the bitumen market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the bitumen market in terms of market share during the forecast period. This is due to the increasing demand for bitumen in this region. The Asia-Pacific region leads the bitumen market, with China leading due to the volume growth of constructions in this regions. Due to the ease of high bitumen consumption, China is leading the Asia-Pacific market.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Bitumen Market Share Analysis

The bitumen market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to bitumen market.

Some of the major players operating in the bitumen market are:

  • Valero (US)
  • NuStar Energy L.P (US)
  • Suncor Energy Inc, (Canada)
  • Athabasca Oil Corporation (Canada)
  • Imperial Oil Limited (Canada)
  • Syncrude Canada Ltd. (Canada)
  • Indian Oil Corporation Ltd (India)
  • ENEOS Corporation (Japan)
  • ExxonMobil Coroporation (US)
  • Shell Bitumen (UK)
  • Petróleos Mexicanos (Mexico)
  • Nynas AB (Sweden)
  • Marathon Oil Company (US)
  • Bp p.l.c (UK)
  • Royal Dutch Shell plc (UK)
  • Total Energy (France)
  • Sinopec Corporation (China)
  • Chevron Corporation (US)
  • Bouygues Groups (France)
  • Villas Austria GmbH (Austria)
  • Gazprom- Neft (Russia)

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Table of Content

1 INTRODUCTION

1.1 OBJECTIVES OF THE STUDY

1.2 MARKET DEFINITION

1.3 OVERVIEW OF GLOBAL BITUMEN MARKET

1.4 CURRENCY AND PRICING

1.5 LIMITATION

1.6 MARKETS COVERED

2 MARKET SEGMENTATION

2.1 KEY TAKEAWAYS

2.2 ARRIVING AT THE GLOBAL BITUMEN MARKET SIZE

2.3 VENDOR POSITIONING GRID

2.4 MARKETS COVERED

2.5 GEOGRAPHIC SCOPE

2.6 YEARS CONSIDERED FOR THE STUDY

2.7 RESEARCH METHODOLOGY

2.8 TECHNOLOGY LIFE LINE CURVE

2.9 MULTIVARIATE MODELLING

2.1 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS

2.11 DBMR MARKET POSITION GRID

2.12 MARKET APPLICATION COVERAGE GRID

2.13 DBMR MARKET CHALLENGE MATRIX

2.14 SECONDARY SOURCES

2.15 GLOBAL BITUMEN MARKET: RESEARCH SNAPSHOT

2.16 ASSUMPTIONS

3 MARKET OVERVIEW

3.1 DRIVERS

3.2 RESTRAINTS

3.3 OPPORTUNITIES

3.4 CHALLENGES

4 EXECUTIVE SUMMARY

5 PREMIUM INSIGHTS

5.1 RAW MATERIAL COVERAGE

5.2 PRODUCTION CONSUMPTION ANALYSIS

5.3 IMPORT EXPORT SCENARIO

5.4 TECHNOLOGICAL ADVANCEMENT BY MANUFACTURERS

5.5 PORTER’S FIVE FORCES

5.6 VENDOR SELECTION CRITERIA

5.7 PESTEL ANALYSIS

5.8 REGULATION COVERAGE

5.8.1 PRODUCT CODES

5.8.2 CERTIFIED STANDARDS

5.8.3 SAFETY STANDARDS

5.8.3.1. MATERIAL HANDLING & STORAGE

5.8.3.2. TRANSPORT & PRECAUTIONS

5.8.3.3. HARAD IDENTIFICATION

6 PRICE INDEX

7 PRODUCTION CAPACITY OVERVIEW

8 SUPPLY CHAIN ANALYSIS

8.1 OVERVIEW

8.2 LOGISTIC COST SCENARIO

8.3 IMPORTANCE OF LOGISTICS SERVICE PROVIDERS

9 CLIMATE CHANGE SCENARIO

9.1 ENVIRONMENTAL CONCERNS

9.2 INDUSTRY RESPONSE

9.3 GOVERNMENT’S ROLE

9.4 ANALYST RECOMMENDATIONS

10 GLOBAL BITUMEN MARKET, BY PRODUCT , (2020-2029), (USD MILLION) (TONS)

(Value, volume and ASP for each segment will be provided)

10.1 OVERVIEW

10.2 PAVING GRADE BITUMEN

10.2.1 BY GRADE

10.2.1.1. 60/70

10.2.1.2. 80/100

10.2.1.3. 50/70

10.2.1.4. 70/100

10.2.1.5. 160/220

10.2.1.6. OTHERS

10.2.2 ASP (USD)

10.2.3 VALUE (USD MILLION)

10.2.4 VOLUME (TONS)

10.3 OXIDIZED BITUMEN

10.3.1 BY GRADE

10.3.1.1. 60/70

10.3.1.2. 80/100

10.3.1.3. 50/70

10.3.1.4. 70/100

10.3.1.5. 160/220

10.3.1.6. OTHERS

10.4 CUTBACK BITUMEN

10.4.1 SLOW CURING GRADES

10.4.1.1. BY GRADE

10.4.1.1.1. 60/70

10.4.1.1.2. 80/100

10.4.1.1.3. 50/70

10.4.1.1.4. 70/100

10.4.1.1.5. 160/220

10.4.1.1.6. OTHERS

10.4.2 MEDIUM CURING GRADES

10.4.2.1. BY GRADE

10.4.2.1.1. 60/70

10.4.2.1.2. 80/100

10.4.2.1.3. 50/70

10.4.2.1.4. 70/100

10.4.2.1.5. 160/220

10.4.2.1.6. OTHERS

10.4.3 RAPID CURING GRADES

10.4.4 BY GRADE

10.4.4.1. 60/70

10.4.4.2. 80/100

10.4.4.3. 50/70

10.4.4.4. 70/100

10.4.4.5. 160/220

10.4.4.6. OTHERS

10.5 BITUMEN EMULSION

10.5.1 BY GRADE

10.5.1.1. 60/70

10.5.1.2. 80/100

10.5.1.3. 50/70

10.5.1.4. 70/100

10.5.1.5. 160/220

10.5.1.6. OTHERS

10.6 PENETRATED/HARD GRADE BITUMEN

10.6.1 BY GRADE

10.6.1.1. 60/70

10.6.1.2. 80/100

10.6.1.3. 50/70

10.6.1.4. 70/100

10.6.1.5. 160/220

10.6.1.6. OTHERS

10.7 POLYMER MODIFIED BITUMEN

10.7.1 BY GRADE

10.7.1.1. 60/70

10.7.1.2. 80/100

10.7.1.3. 50/70

10.7.1.4. 70/100

10.7.1.5. 160/220

10.7.1.6. OTHERS

10.8 SPECIALTY BLENDED BITUMEN

10.8.1 BY GRADE

10.8.1.1. 60/70

10.8.1.2. 80/100

10.8.1.3. 50/70

10.8.1.4. 70/100

10.8.1.5. 160/220

10.8.1.6. OTHERS

10.9 OTHERS

11 GLOBAL BITUMEN MARKET, BY GRADE, (2020-2029), (USD MILLION)

11.1 OVERVIEW

11.2 60/70

11.3 80/100

11.4 50/70

11.5 70/100

11.6 160/220

11.7 OTHERS

12 GLOBAL BITUMEN MARKET, BY FORM, (2020-2029), (USD MILLION)

12.1 OVERVIEW

12.2 LIQUID

12.3 SEMI-SOLID

13 GLOBAL BITUMEN MARKET, BY CATEGORY, (2020-2029), (USD MILLION)

13.1 OVERVIEW

13.2 REGULAR

13.3 EXTRA

13.4 PREMIUM

14 GLOBAL BITUMEN MARKET, BY PROCESSING METHOD, (2020-2029), (USD MILLION)

14.1 OVERVIEW

14.2 CONTINUOUS BLOWING PROCEDURE

14.3 DISCONTINUOUS BLOWING PROCEDURE

15 GLOBAL BITUMEN MARKET, BY PACKAGING TYPE, (2020-2029), (USD MILLION)

15.1 OVERVIEW

15.2 PLASTIC MELTABLE BAG

15.3 CARTON BOX

15.4 BOX PALLET

15.5 CRAFT BAG

15.6 KEG

15.7 DRUM

15.8 OTHERS

16 GLOBAL BITUMEN MARKET, BY COMPOSITION, (2020-2029), (USD MILLION)

16.1 OVERVIEW

16.2 NAPHTHENE AROMATICS

16.3 POLAR AROMATICS

16.4 SATURATED HYDROCARBONS

16.5 ASPHALTENES

17 GLOBAL BITUMEN MARKET, BY APPLICATION, (2020-2029), (USD MILLION)

17.1 OVERVIEW

17.2 ROADWAYS

17.2.1 RACETRACK

17.2.2 HIGHWAYS

17.2.3 FOOTWAYS AND PEDESTRIAN WAYS

17.2.4 CAR PARKS

17.2.5 TENNIS COURTS

17.2.6 AIRFIELD/AIRPORT RUNWAYS

17.2.7 LOCAL ROADS

17.2.8 BRIDGES

17.2.9 PORTS

17.2.10 TUNNELS

17.2.11 OTHERS

17.3 WATERPROOFING [ROOFING]

17.3.1 DAMP PROOFING

17.3.2 DAMS

17.3.3 RESERVOIR AND POOL LININGS

17.3.4 SOUNDPROOFING

17.3.5 BUILDING WATER PROOFING

17.3.6 TILE UNDERLYING WATERPROOFING

17.4 ADHESIVE

17.4.1 THERMAL INSULATION

17.5 PAINTS

17.5.1 BLACK PAINTS

17.5.2 ANTI CORROSIVE PAINTS

17.6 SEALING

17.6.1 EXPANSION JOINTS

17.6.2 JOINTS OR CRACKS

17.7 MASTICS

17.7.1 FACTORIES

17.7.2 GODOWNS

17.8 PIPE COATINGS

17.9 CERAMICS

17.1 ELECTRICALS

17.10.1 CAPACITORS

17.10.2 ELECTRICAL CABLE

17.10.3 JUNCTION BOX

17.10.4 BATTERY (SEALING COMPOUND)

17.11 NEWSPAPER INK PRODUCTION

17.12 OTHERS

18 GLOBAL BITUMEN MARKET, BY REGION, (2020-2029), (USD MILLION)

18.1 GLOBAL BITUMEN MARKET, (ALL SEGMENTATION PROVIDED ABOVE IS REPRESENTED IN THIS CHAPTER BY COUNTRY)

18.2 NORTH AMERICA

18.2.1 U.S.

18.2.2 CANADA

18.2.3 MEXICO

18.3 EUROPE

18.3.1 GERMANY

18.3.2 U.K.

18.3.3 ITALY

18.3.4 FRANCE

18.3.5 SPAIN

18.3.6 RUSSIA

18.3.7 SWITZERLAND

18.3.8 TURKEY

18.3.9 BELGIUM

18.3.10 NETHERLANDS

18.3.11 DENMARK

18.3.12 SWEDEN

18.3.13 POLAND

18.3.14 NORWAY

18.3.15 FINLAND

18.3.16 REST OF EUROPE

18.4 ASIA-PACIFIC

18.4.1 JAPAN

18.4.2 CHINA

18.4.3 SOUTH KOREA

18.4.4 INDIA

18.4.5 SINGAPORE

18.4.6 THAILAND

18.4.7 INDONESIA

18.4.8 MALAYSIA

18.4.9 PHILIPPINES

18.4.10 AUSTRALIA

18.4.11 NEW ZEALAND

18.4.12 VIETNAM

18.4.13 TAIWAN

18.4.14 REST OF ASIA-PACIFIC

18.5 SOUTH AMERICA

18.5.1 BRAZIL

18.5.2 ARGENTINA

18.5.3 REST OF SOUTH AMERICA

18.6 MIDDLE EAST AND AFRICA

18.6.1 SOUTH AFRICA

18.6.2 EGYPT

18.6.3 BAHRAIN

18.6.4 UNITED ARAB EMIRATES

18.6.5 KUWAIT

18.6.6 OMAN

18.6.7 QATAR

18.6.8 SAUDI ARABIA

18.6.9 REST OF MEA

19 GLOBAL BITUMEN MARKET, COMPANY LANDSCAPE

19.1 COMPANY SHARE ANALYSIS: GLOBAL

19.2 COMPANY SHARE ANALYSIS: NORTH AMERICA

19.3 COMPANY SHARE ANALYSIS: EUROPE

19.4 COMPANY SHARE ANALYSIS: ASIA-PACIFIC

19.5 MERGERS AND ACQUISITIONS

19.6 NEW PRODUCT DEVELOPMENT AND APPROVALS

19.7 EXPANSIONS

19.8 PARTNERSHIP AND OTHER STRATEGIC DEVELOPMENTS

20 SWOT AND DATA BRIDGE MARKET RESEARCH ANALYSIS

21 GLOBAL BITUMEN MARKET - COMPANY PROFILES

21.1 SHELL BITUMEN

21.1.1 COMPANY SNAPSHOT

21.1.2 PRODUCT PORTFOLIO

21.1.3 PRODUCTION CAPACITY OVERVIEW

21.1.4 SWOT ANALYSIS

21.1.5 REVENUE ANALYSIS

21.1.6 RECENT UPDATES

21.2 MARATHON PETROLEUM LP

21.2.1 COMPANY SNAPSHOT

21.2.2 PRODUCT PORTFOLIO

21.2.3 PRODUCTION CAPACITY OVERVIEW

21.2.4 SWOT ANALYSIS

21.2.5 REVENUE ANALYSIS

21.2.6 RECENT UPDATES

21.3 VALERO ENERGY CORPORATION

21.3.1 COMPANY SNAPSHOT

21.3.2 PRODUCT PORTFOLIO

21.3.3 PRODUCTION CAPACITY OVERVIEW

21.3.4 SWOT ANALYSIS

21.3.5 REVENUE ANALYSIS

21.3.6 RECENT UPDATES

21.4 NYNAS AB

21.4.1 COMPANY SNAPSHOT

21.4.2 PRODUCT PORTFOLIO

21.4.3 PRODUCTION CAPACITY OVERVIEW

21.4.4 SWOT ANALYSIS

21.4.5 REVENUE ANALYSIS

21.4.6 RECENT UPDATES

21.5 CEMEX S.A.B. DE C.V.

21.5.1 COMPANY SNAPSHOT

21.5.2 PRODUCT PORTFOLIO

21.5.3 PRODUCTION CAPACITY OVERVIEW

21.5.4 SWOT ANALYSIS

21.5.5 REVENUE ANALYSIS

21.5.6 RECENT UPDATES

21.6 TOTALENERGIES

21.6.1 COMPANY SNAPSHOT

21.6.2 PRODUCT PORTFOLIO

21.6.3 PRODUCTION CAPACITY OVERVIEW

21.6.4 SWOT ANALYSIS

21.6.5 REVENUE ANALYSIS

21.6.6 RECENT UPDATES

21.7 CHINA PETROLEUM & CHEMICAL CORPORATION

21.7.1 COMPANY SNAPSHOT

21.7.2 PRODUCT PORTFOLIO

21.7.3 PRODUCTION CAPACITY OVERVIEW

21.7.4 SWOT ANALYSIS

21.7.5 REVENUE ANALYSIS

21.7.6 RECENT UPDATES

21.8 RAHABITUMEN, INC

21.8.1 COMPANY SNAPSHOT

21.8.2 PRODUCT PORTFOLIO

21.8.3 PRODUCTION CAPACITY OVERVIEW

21.8.4 SWOT ANALYSIS

21.8.5 REVENUE ANALYSIS

21.8.6 RECENT UPDATES

21.9 ASPHALT & BITUMEN WEST CO.

21.9.1 COMPANY SNAPSHOT

21.9.2 PRODUCT PORTFOLIO

21.9.3 PRODUCTION CAPACITY OVERVIEW

21.9.4 SWOT ANALYSIS

21.9.5 REVENUE ANALYSIS

21.9.6 RECENT UPDATES

21.1 ATDM CO LTD

21.10.1 COMPANY SNAPSHOT

21.10.2 PRODUCT PORTFOLIO

21.10.3 PRODUCTION CAPACITY OVERVIEW

21.10.4 SWOT ANALYSIS

21.10.5 REVENUE ANALYSIS

21.10.6 RECENT UPDATES

21.11 BP PLC

21.11.1 COMPANY SNAPSHOT

21.11.2 PRODUCT PORTFOLIO

21.11.3 PRODUCTION CAPACITY OVERVIEW

21.11.4 SWOT ANALYSIS

21.11.5 REVENUE ANALYSIS

21.11.6 RECENT UPDATES

21.12 BMI GROUP

21.12.1 COMPANY SNAPSHOT

21.12.2 PRODUCT PORTFOLIO

21.12.3 PRODUCTION CAPACITY OVERVIEW

21.12.4 SWOT ANALYSIS

21.12.5 REVENUE ANALYSIS

21.12.6 RECENT UPDATES

21.13 EXXON MOBIL CORPORATION

21.13.1 COMPANY SNAPSHOT

21.13.2 PRODUCT PORTFOLIO

21.13.3 PRODUCTION CAPACITY OVERVIEW

21.13.4 SWOT ANALYSIS

21.13.5 REVENUE ANALYSIS

21.13.6 RECENT UPDATES

21.14 GOIL COMPANY LIMITED

21.14.1 COMPANY SNAPSHOT

21.14.2 PRODUCT PORTFOLIO

21.14.3 PRODUCTION CAPACITY OVERVIEW

21.14.4 SWOT ANALYSIS

21.14.5 REVENUE ANALYSIS

21.14.6 RECENT UPDATES

21.15 INDIAN OIL CORPORATION LTD

21.15.1 COMPANY SNAPSHOT

21.15.2 PRODUCT PORTFOLIO

21.15.3 PRODUCTION CAPACITY OVERVIEW

21.15.4 SWOT ANALYSIS

21.15.5 REVENUE ANALYSIS

21.15.6 RECENT UPDATES

21.16 KRATON CORPORATION

21.16.1 COMPANY SNAPSHOT

21.16.2 PRODUCT PORTFOLIO

21.16.3 PRODUCTION CAPACITY OVERVIEW

21.16.4 SWOT ANALYSIS

21.16.5 REVENUE ANALYSIS

21.16.6 RECENT UPDATES

21.17 IMPERIAL OIL LIMITED

21.17.1 COMPANY SNAPSHOT

21.17.2 PRODUCT PORTFOLIO

21.17.3 PRODUCTION CAPACITY OVERVIEW

21.17.4 SWOT ANALYSIS

21.17.5 REVENUE ANALYSIS

21.17.6 RECENT UPDATES

21.18 BOUYGUES GROUP’S

21.18.1 COMPANY SNAPSHOT

21.18.2 PRODUCT PORTFOLIO

21.18.3 PRODUCTION CAPACITY OVERVIEW

21.18.4 SWOT ANALYSIS

21.18.5 REVENUE ANALYSIS

21.18.6 RECENT UPDATES

21.19 EAGLEPETROCHEM

21.19.1 COMPANY SNAPSHOT

21.19.2 PRODUCT PORTFOLIO

21.19.3 PRODUCTION CAPACITY OVERVIEW

21.19.4 SWOT ANALYSIS

21.19.5 REVENUE ANALYSIS

21.19.6 RECENT UPDATES

21.2 RAHAOIL, INC.

21.20.1 COMPANY SNAPSHOT

21.20.2 PRODUCT PORTFOLIO

21.20.3 PRODUCTION CAPACITY OVERVIEW

21.20.4 SWOT ANALYSIS

21.20.5 REVENUE ANALYSIS

21.20.6 RECENT UPDATES

21.21 ASIA BITUMEN

21.21.1 COMPANY SNAPSHOT

21.21.2 PRODUCT PORTFOLIO

21.21.3 PRODUCTION CAPACITY OVERVIEW

21.21.4 SWOT ANALYSIS

21.21.5 REVENUE ANALYSIS

21.21.6 RECENT UPDATES

*NOTE: THE COMPANIES PROFILED IS NOT EXHAUSTIVE LIST AND IS AS PER OUR PREVIOUS CLIENT REQUIREMENT. WE PROFILE MORE THAN 100 COMPANIES IN OUR STUDY AND HENCE THE LIST OF COMPANIES CAN BE MODIFIED OR REPLACED ON REQUEST

22 RELATED REPORTS

23 QUESTIONNAIRE

24 CONCLUSION

25 ABOUT DATA BRIDGE MARKET RESEARCH

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Global Bitumen Market, Supply Chain Analysis and Ecosystem Framework

To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Global Bitumen Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Global Bitumen Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.

Research Methodology

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Frequently Asked Questions

The market value for the bitumen market is expected USD 70.43 billion by 2029.
The bitumen market is to grow at a CAGR of 3.94% during the forecast period of 2022 to 2029
The major players operating in the Bitumen Market are Valero(US), NuStar Energy L.P (US), Suncor Energy Inc, (Canada), Athabasca Oil Corporation (Canada), Imperial Oil Limited (Canada), Syncrude Canada Ltd. (Canada), Indian Oil Corporation Ltd (India), ENEOS Corporation (Japan), ExxonMobil Coroporation (US), Shell Bitumen (UK), Petróleos Mexicanos (Mexico), Nynas AB (Sweden), Marathon Oil Company (US), Bp p.l.c (UK), Royal Dutch Shell plc (UK), Total Energy (France), Sinopec Corporation (China), Chevron Corporation (US), Bouygues Groups (France), Villas Austria GmbH (Autria), Gazprom- Neft (Russia).
The major countries covered in the Bitumen Market are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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