Saudi Arabia Bitumen Market Analysis

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Saudi Arabia Bitumen Market Analysis

  • Chemical and Materials
  • Published Report
  • Sep 2024
  • Country Level
  • 350 Pages
  • No of Tables: 16
  • No of Figures: 30

The Saudi Arabia bitumen market is driven by booming construction and infrastructure projects, fueled by Vision 2030. Increased demand for high-quality asphalt and government investments enhance market growth, while sustainable practices and alternative materials pose emerging challenges for future development. Some of the major restraints that may negatively impact the market growth are the stiff competition from alternative materials and fluctuations and volatility in crude oil prices. 

Table of Content

1 INTRODUCTION

1.1 OBJECTIVES OF THE STUDY

1.2 MARKET DEFINITION

1.3 OVERVIEW

1.4 LIMITATIONS

1.5 MARKETS COVERED

2 MARKET SEGMENTATION

2.1 MARKETS COVERED

2.2 GEOGRAPHICAL SCOPE

2.3 YEARS CONSIDERED FOR THE STUDY

2.4 CURRENCY AND PRICING

2.5 DBMR TRIPOD DATA VALIDATION MODEL

2.6 MULTIVARIATE MODELING

2.7 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS

2.8 DBMR MARKET POSITION GRID

2.9 DBMR VENDOR SHARE ANALYSIS

2.1 SECONDARY SOURCES

2.11 ASSUMPTIONS

3 EXECUTIVE SUMMARY

4 PREMIUM INSIGHTS

4.1 PESTEL ANALYSIS

4.1.1 POLITICAL FACTORS

4.1.2 ECONOMIC FACTORS

4.1.3 SOCIAL FACTORS

4.1.4 TECHNOLOGICAL FACTORS

4.1.5 ENVIRONMENTAL FACTORS

4.1.6 LEGAL FACTORS

4.2 PORTER’S FIVE FORCES ANALYSIS

4.2.1 THREAT OF NEW ENTRANTS

4.2.2 BARGAINING POWER OF SUPPLIERS

4.2.3 BARGAINING POWER OF BUYERS

4.2.4 THREAT OF SUBSTITUTES

4.2.5 INTERNAL COMPETITION

4.3 PRICE INDEX

4.4 PRODUCTION CONSUMPTION ANALYSIS

4.5 CLIMATE CHANGE SCENARIO

4.5.1 ENVIRONMENTAL CONCERNS

4.5.2 INDUSTRY RESPONSE

4.5.3 GOVERNMENT’S ROLE

4.5.4 ANALYST’S RECOMMENDATIONS

4.6 PRODUCTION CAPACITY OVERVIEW

4.6.1 KEY PRODUCERS AND REFINING FACILITIES

4.6.2 DOMESTIC CONSUMPTION AND INFRASTRUCTURE PROJECTS

4.6.3 BITUMEN EXPORT MARKET

4.6.4 TECHNOLOGICAL ADVANCEMENTS AND CAPACITY EXPANSION

4.6.5 ESTIMATED PRODUCTION CAPACITY

4.7 SUPPLY CHAIN ANALYSIS

4.7.1 OVERVIEW

4.7.2 LOGISTIC COST SCENARIO

4.7.3 IMPORTANCE OF LOGISTICS SERVICE PROVIDERS

4.8 TECHNOLOGICAL ADVANCEMENTS BY MANUFACTURERS

4.8.1 OVERVIEW

4.8.2 CONCLUSION

4.9 VENDOR SELECTION CRITERIA

4.9.1 PRODUCT QUALITY AND RELIABILITY

4.9.2 COST AND PRICING

4.9.3 DELIVERY AND LOGISTICS

4.9.4 VENDOR REPUTATION AND STABILITY

4.9.5 INNOVATION AND TECHNOLOGY

4.9.6 COMPLIANCE AND SUSTAINABILITY

4.1 RAW MATERIAL COVERAGE

5 REGULATION COVERAGE

5.1 QUALITY STANDARDS AND CERTIFICATION

6 MARKET OVERVIEW

6.1 DRIVERS

6.1.1 RAPID INFRASTRUCTURE DEVELOPMENT IN SAUDI ARABIA

6.1.2 FAST EXPANDING ROAD AND HIGHWAY INFRASTRUCTURE

6.1.3 RISING DEMAND FOR BITUMEN AS AN ADDITIVE ACROSS SOLVENTS AND PAINTS INDUSTRY

6.2 RESTRAINTS

6.2.1 STIFF COMPETITION FROM ALTERNATIVE MATERIALS

6.2.2 FLUCTUATIONS AND VOLATILITY IN CRUDE OIL PRICES

6.3 OPPORTUNITIES

6.3.1 RISING DEMAND OF RECYCLED BITUMEN

6.3.2 TECHNOLOGICAL ADVANCEMENTS AND INNOVATIONS IN PRODUCTION TECHNIQUES AND FORMULATIONS OF BITUMEN

6.4 CHALLENGES

6.4.1 INCREASING REGULATIONS REGARDING ENVIRONMENTAL IMPACT AND EMISSIONS FROM CONSTRUCTION ACTIVITIES

6.4.2 LACK OF SKILLED LABOR IN THE CONSTRUCTION AND BITUMEN PRODUCTION SECTORS

7 SAUDI ARABIA BITUMEN MARKET, BY PRODUCT

7.1 OVERVIEW

7.2 PENETRATED/HARD GRADE BITUMEN/PAVING GRADE BITUMEN

7.3 POLYMER MODIFIED BITUMEN

7.4 CUTBACK BITUMEN

7.5 BITUMEN EMULSION

7.6 OXIDIZED BITUMEN

7.7 SPECIALTY BLENDED BITUMEN

7.8 OTHERS

8 SAUDI ARABIA BITUMEN MARKET, BY GRADE

8.1 OVERVIEW

8.2 60/70

8.3 50/70

8.4 70/100

8.5 80/100

8.6 160/220

8.7 OTHERS

9 SAUDI ARABIA BITUMEN MARKET, BY FORM

9.1 OVERVIEW

9.2 SEMI-SOLID

9.3 LIQUID

10 SAUDI ARABIA BITUMEN MARKET, BY CATEGORY

10.1 OVERVIEW

10.2 REGULAR

10.3 PREMIUM

11 SAUDI ARABIA BITUMEN MARKET, BY PROCESSING METHOD

11.1 OVERVIEW

11.2 CONTINUOUS BLOWING PROCEDURE

11.3 DISCONTINUOUS BLOWING PROCEDURE

12 SAUDI ARABIA BITUMEN MARKET, BY PACKAGING TYPE

12.1 OVERVIEW

12.2 PLASTIC MELTABLE BAG

12.3 DRUM

12.4 CARTON BOX

12.5 CRAFT BAG

12.6 KEG

12.7 BOX PALLET

12.8 OTHERS

13 SAUDI ARABIA BITUMEN MARKET, BY COMPOSITION

13.1 OVERVIEW

13.2 SATURATED HYDROCARBONS

13.3 NAPHTHENE AROMATICS

13.4 POLAR AROMATICS

13.5 ASPHALTENES

14 SAUDI ARABIA BITUMEN MARKET, BY APPLICATION

14.1 OVERVIEW

14.2 ROADWAYS

14.3 WATERPROOFING [ROOFING]

14.4 ADHESIVE (THERMAL INSULATION)

14.5 PAINTS

14.6 SEALING

14.7 PIPE COATINGS

14.8 MASTICS

14.9 CERAMICS

14.1 ELECTRICALS

14.11 NEWSPAPER INK PRODUCTION

14.12 OTHERS

15 SAUDI ARABIA BITUMEN MARKET: COMPANY LANDSCAPE

15.1 COMPANY SHARE ANALYSIS: SAUDI ARABIA

16 SWOT ANALYSIS

17 COMPANY PROFILES

17.1 SAUDI ARABIAN OIL CO.

17.1.1 COMPANY SNAPSHOT

17.1.2 REVENUE ANALYSIS

17.1.3 PRODUCT PORTFOLIO

17.1.4 RECENT DEVELOPMENT

17.2 SHELL PLC

17.2.1 COMPANY SNAPSHOT

17.2.2 REVENUE ANALYSIS

17.2.3 PRODUCT PORTFOLIO

17.2.4 RECENT DEVELOPMENT

17.3 EXXON MOBIL CORPORATION

17.3.1 COMPANY SNAPSHOT

17.3.2 REVENUE ANALYSIS

17.3.3 PRODUCT PORTFOLIO

17.3.4 RECENT DEVELOPMENT

17.4 TOTALENERGIES

17.4.1 COMPANY SNAPSHOT

17.4.2 REVENUE ANALYSIS

17.4.3 SOLUTION PORTFOLIO

17.4.4 RECENT DEVELOPMENT

17.5 REPSOL

17.5.1 COMPANY SNAPSHOT

17.5.2 REVENUE ANALYSIS

17.5.3 PRODUCT PORTFOLIO

17.5.4 RECENT DEVELOPMENT

17.6 AL MAJWAL GROUP

17.6.1 COMPANY SNAPSHOT

17.6.2 PRODUCT PORTFOLIO

17.6.3 RECENT DEVELOPMENT

17.7 BITUMAT COMPANY LIMITED

17.7.1 COMPANY SNAPSHOT

17.7.2 PRODUCT PORTFOLIO

17.7.3 RECENT DEVELOPMENT

17.8 RAHABITUMEN, INC.

17.8.1 COMPANY SNAPSHOT

17.8.2 PRODUCT PORTFOLIO

17.8.3 RECENT DEVELOPMENT

17.9 REDA NATIONAL

17.9.1 COMPANY SNAPSHOT

17.9.2 PRODUCT PORTFOLIO

17.9.3 RECENT DEVELOPMENT

17.1 SAUDIBITUMEN

17.10.1 COMPANY SNAPSHOT

17.10.2 PRODUCT PORTFOLIO

17.10.3 RECENT DEVELOPMENT

18 QUESTIONNAIRE

19 RELATED REPORTS

List of Table

TABLE 1 REGULATIONS ACROSS SAUDI ARABIA

TABLE 2 SAUDI ARABIA BITUMEN MARKET, BY PRODUCT, 2022-2031 (USD THOUSAND)

TABLE 3 SAUDI ARABIA BITUMEN MARKET, BY PRODUCT, 2022-2031 (KILO TONS)

TABLE 4 SAUDI ARABIA CUTBACK BITUMEN IN BITUMEN MARKET, BY PRODUCT, 2022-2031 (USD THOUSAND)

TABLE 5 SAUDI ARABIA BITUMEN MARKET, BY GRADE, 2022-2031 (USD THOUSAND)

TABLE 6 SAUDI ARABIA BITUMEN MARKET, BY FORM, 2022-2031 (USD THOUSAND)

TABLE 7 SAUDI ARABIA BITUMEN MARKET, BY CATEGORY, 2022-2031 (USD THOUSAND)

TABLE 8 SAUDI ARABIA BITUMEN MARKET, BY PROCESSING METHOD, 2022-2031 (USD THOUSAND)

TABLE 9 SAUDI ARABIA BITUMEN MARKET, BY PACKAGING TYPE, 2022-2031 (USD THOUSAND)

TABLE 10 SAUDI ARABIA BITUMEN MARKET, BY COMPOSITION, 2022-2031 (USD THOUSAND)

TABLE 11 SAUDI ARABIA BITUMEN MARKET, BY APPLICATION, 2022-2031 (USD THOUSAND)

TABLE 12 SAUDI ARABIA ROADWAYS IN BITUMEN MARKET, BY APPLICATION, 2022-2031 (USD THOUSAND)

TABLE 13 SAUDI ARABIA WATERPROOFING [ROOFING] IN BITUMEN MARKET, BY APPLICATION, 2022-2031 (USD THOUSAND)

TABLE 14 SAUDI ARABIA SEALING IN BITUMEN MARKET, BY APPLICATION, 2022-2031 (USD THOUSAND)

TABLE 15 SAUDI ARABIA MASTICS IN BITUMEN MARKET, BY APPLICATION, 2022-2031 (USD THOUSAND)

TABLE 16 SAUDI ARABIA ELECTRICALS IN BITUMEN MARKET, BY APPLICATION, 2022-2031 (USD THOUSAND)

List of Figure

FIGURE 1 SAUDI ARABIA BITUMEN MARKET

FIGURE 2 SAUDI ARABIA BITUMEN MARKET: DATA TRIANGULATION

FIGURE 3 SAUDI ARABIA BITUMEN MARKET: DROC ANALYSIS

FIGURE 4 SAUDI ARABIA BITUMEN MARKET: COUNTRYWISE MARKET ANALYSIS

FIGURE 5 SAUDI ARABIA BITUMEN MARKET: COMPANY RESEARCH ANALYSIS

FIGURE 6 SAUDI ARABIA BITUMEN MARKET: MULTIVARIATE MODELLING

FIGURE 7 SAUDI ARABIA BITUMEN MARKET: INTERVIEW DEMOGRAPHICS

FIGURE 8 SAUDI ARABIA BITUMEN MARKET: DBMR MARKET POSITION GRID

FIGURE 9 SAUDI ARABIA BITUMEN MARKET: VENDOR SHARE ANALYSIS

FIGURE 10 SAUDI ARABIA BITUMEN MARKET: SEGMENTATION

FIGURE 11 SEVEN SEGMENTS COMPRISE THE SAUDI ARABIA BITUMEN MARKET, BY PRODUCT 2023

FIGURE 12 SAUDI ARABIA BITUMEN MARKET: EXECUTIVE SUMMARY

FIGURE 13 SAUDI ARABIA BITUMEN MARKET: STRATEGIC DECISIONS

FIGURE 14 RAPID INFRASTRUCTURE DEVELOPMENT IN SAUDI ARABIA IS EXPECTED TO DRIVE THE SAUDI ARABIA BITUMEN MARKET IN THE FORECAST PERIOD

FIGURE 15 THE PENETRATED/HARD GRADE BITUMEN/PAVING GRADE BITUMEN SEGMENT IS EXPECTED TO ACCOUNT FOR THE LARGEST SHARE OF THE SAUDI ARABIA BITUMEN MARKET IN 2024 AND 2031

FIGURE 16 PESTEL ANALYSIS

FIGURE 17 PORTER’S FIVE FORCES ANALYSIS

FIGURE 18 SAUDI ARABIA BITUMEN MARKET, 2024-2031, AVERAGE SELLING PRICE (USD/TON)

FIGURE 19 PRODUCTION CONSUMPTION ANALYSIS: SAUDI ARABIA BITUMEN MARKET

FIGURE 20 VENDOR SELECTION CRITERIA

FIGURE 21 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES FOR SAUDI ARABIA BITUMEN MARKET

FIGURE 22 SAUDI ARABIA BITUMEN MARKET, BY PRODUCT, 2023

FIGURE 23 SAUDI ARABIA BITUMEN MARKET, BY GRADE, 2023

FIGURE 24 SAUDI ARABIA BITUMEN MARKET, BY FORM, 2023

FIGURE 25 SAUDI ARABIA BITUMEN MARKET, BY CATEGORY, 2023

FIGURE 26 SAUDI ARABIA BITUMEN MARKET, BY PROCESSING METHOD, 2023

FIGURE 27 SAUDI ARABIA BITUMEN MARKET, BY PACKAGING TYPE, 2023

FIGURE 28 SAUDI ARABIA BITUMEN MARKET, BY COMPOSITION, 2023

FIGURE 29 SAUDI ARABIA BITUMEN MARKET, BY APPLICATION, 2023

FIGURE 30 SAUDI ARABIA BITUMEN MARKET: COMPANY SHARE 2023 (%)

Frequently Asked Questions

The market is segmented based on Segmentation, By 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) – Industry Trends and Forecast to 2031. .
The Saudi Arabia Bitumen Market size was valued at USD 6.47 USD Billion in 2023.
The Saudi Arabia Bitumen Market is projected to grow at a CAGR of 4.4% during the forecast period of 2024 to 2031.