- 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 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
- 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
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 (%)
