Oct 31, 2019   SOURCE: BusinessWire

Global Bitumen Market, Competition, Forecast & Opportunities, 2024 - ResearchAndMarkets.com

The "Global Bitumen Market, By Product Grade (Paving Grade, Industrial & Polymer Modified), By Application (Paving, Roofing & Others), By Region, Competition, Forecast & Opportunities, 2024" report has been added to ResearchAndMarkets.com's offering.

The Global Bitumen Market was valued at over $ 44.7 billion in 2018 and is poised to grow at CAGR of over 6% during forecast period

Growth of the market is led by increasing investments by the governments of different economies for the maintenance & repair and construction of roads. Roads made with bitumen have high viscosity, stickiness and water resistance, which is stimulating its adoption for road construction.

Additionally, hydrocarbon mixture due to its water proofing properties, also finds application in water tank manufacturing, tennis courts, runways and barn floors, among others. However, release of toxic gases due to the heating of bitumen and cement as an alternative for bitumen for the construction, is impeding the growth of the market.

The Global Bitumen Market can be segmented based on product grade, application and region. In terms of product grade, the market can be segmented into paving, industrial and polymer modified. Of all, paving product grade dominates the Global Bitumen Market and the trend is likely to maintain its dominance during forecast period as well.

However, polymer modified segment is anticipated to witness the fastest CAGR during forecast period due to its growing usage in industrial applications and road surfacing. Addition of polymers to the bitumen enhances the resistance to deformation of the mixture, which is further anticipated to promote the growth of this segment over the coming years.

Regionally, the market for bitumen is gaining traction and expanding to various regions including Asia-Pacific, Europe, North America, South America and Middle East & Africa. Among these regions, Asia-Pacific dominates the market on account of rising demand for expanding land connectivity in economies such as China, India, Japan, among others. Moreover, increasing population, high standard of living and high vehicle ownership in the region, which is resulting in surge in traffic, is leading to the construction of new flyovers and roads, thereby further driving the demand for bitumen in the region.

Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.

Years considered for this report:

  • Historical Years: 2014-2017
  • Base Year: 2018
  • Estimated Year: 2019
  • Forecast Period: 2020-2024

Key Topics Covered:

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Voice of Customer

4.1. Factors to be considered for product selection

4.2. Factors influencing purchase decision

4.3. Challenges/issues faced post purchase

4.4. Unmet needs

5. Global Bitumen Industry Overview

6. Global Bitumen Market Outlook

6.1. Market Size and Forecast

6.1.1. By Value

6.1.2. By Volume

6.2. Market Share and Forecast

6.2.1. By Product Grade (Paving, Industrial, Polymer Modified Binders)

6.2.2. By Application (Paving, Roofing, Others)

6.2.3. By Company

6.2.4. By Region

6.3. Market Attractive Index

7. Asia-Pacific Bitumen Market Outlook

7.1. Market Size and Forecast

7.1.1. By Value

7.1.2. By Volume

7.2. Market Share & Forecast

7.2.1. By Product Grade

7.2.2. By Application

7.2.3. By Country

7.3. China Bitumen Market Outlook

7.4. India Bitumen Market Outlook

7.5. Japan Bitumen Market Outlook

7.6. South Korea Bitumen Market Outlook

7.7. Australia Bitumen Market Outlook

7.8. Indonesia Bitumen Market Outlook

8. Europe Bitumen Market Outlook

8.1. Market Size and Forecast

8.1.1. By Value and Volume

8.2. Market Share & Forecast

8.2.1. By Product Grade

8.2.2. By Application

8.2.3. By Country

8.3. Russia Bitumen Market Outlook

8.4. France Bitumen Market Outlook

8.5. Germany Bitumen Market Outlook

8.6. United Kingdom Bitumen Market Outlook

8.7. Italy Bitumen Market Outlook

9. North America Bitumen Market Outlook

9.1. Market Size and Forecast

9.1.1. By Value

9.1.2. By Volume

9.2. Market Share & Forecast

9.2.1. By Product Grade

9.2.2. By Application

9.2.3. By Country

9.3. United States Bitumen Market Outlook

9.4. Canada Bitumen Market Outlook

9.5. Mexico Bitumen Market Outlook

10. South America Bitumen Market Outlook

10.1. Market Size and Forecast

10.1.1. By Value

10.1.2. By Volume

10.2. Market Share & Forecast

10.2.1. By Product Grade

10.2.2. By Application

10.2.3. By Country

10.3. Brazil Bitumen Market Outlook

10.4. Venezuela Bitumen Market Outlook

10.5. Argentina Bitumen Market Outlook

11. Middle East & Africa Bitumen Market Outlook

11.1. Market Size and Forecast

11.1.1. By Value

11.1.2. By Volume

11.2. Market Share & Forecast

11.2.1. By Product Grade

11.2.2. By Application

11.2.3. By Country

11.3. Saudi Arabia Bitumen Market Outlook

11.4. South Africa Bitumen Market Outlook

11.5. UAE Bitumen Market Outlook

11.6. Qatar Bitumen Market Outlook

12. Market Dynamics

12.1. Drivers

12.2. Challenges

13. Market Trends & Developments

14. Pricing Analysis

15. Competitive Landscape

15.1. Competition Benchmarking

15.2. Company Profiles (Leading companies)

15.2.1. CNPC

15.2.2. IOCL

15.2.3. Total S.A.

15.2.4. Exxon Mobil

15.2.5. Valero Energy Corporation

15.2.6. Royal Dutch Shell Plc

15.2.7. JX Nippon Oil & Energy Corporation

15.2.8. Petroleos Mexicanos

15.2.9. Bouygues S.A.

15.2.10. NuStar Energy L.P

16. Strategic Recommendations

For more information about this report visit https://www.researchandmarkets.com/r/2t09z0