Global Bitumen Market Report 2024

Bitumen Global Market Report 2024 – By Product Type (Paving Grade, Hard Grade, Oxidized Grade, Bitumen Emulsions, Polymer Modified Bitumen, Other Products), By Application (Roadways, Waterproofing, Adhesives, Insulation, Other Applications), By End-Use Sector (Non-Residential, Residential, Other End-Users) – Market Size, Trends, And Global Forecast 2024-2033

Bitumen Global Market Report 2024

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Bitumen Market Definition And Segments

Bitumen, also known as asphalt or asphalt binder, is a black, sticky, and highly viscous petroleum-based material. Bitumen is used as a binder in asphalt concrete for constructing roads, highways, and other transportation infrastructure.

The main products of bitumen are paving grade, hard grade, oxidized grade, bitumen emulsions, polymer-modified bitumen, and others. Paving grade refers to a specific type of bitumen or asphalt that is commonly used in road construction and paving projects. It is used in roadways, waterproofing, adhesives, insulation, and other applications by non-residential, residential, and other end-users.

The bitumen market covered in this report is segmented –

1) By Product Type: Paving Grade, Hard Grade, Oxidized Grade, Bitumen Emulsions, Polymer Modified Bitumen, Other Products

2) By Application: Roadways, Waterproofing, Adhesives, Insulation, Other Applications

3) By End-Use Sector: Non-Residential, Residential, Other End-Users

The bitumen market size has grown steadily in recent years. It will grow from $53.66 billion in 2023 to $56.23 billion in 2024 at a compound annual growth rate (CAGR) of 4.8%. The growth in the historic period can be attributed to infrastructure development, paving and roofing materials, transportation industry demand, R&D for bitumen modifications, environmental and sustainability factors.

The bitumen market size is expected to see steady growth in the next few years. It will grow to $66.29 billion in 2028 at a compound annual growth rate (CAGR) of 4.2%. The growth in the forecast period can be attributed to sustainable asphalt solutions, smart city initiatives, renewable energy infrastructure, rising global construction, bitumen-based carbon capture. Major trends in the forecast period include high-performance pavements, advanced roofing materials, bitumen recycling and reuse, nano and micro bitumen technology, digital solutions in bitumen production.

Growing Road Construction Activities Boost Bitumen Market

The increasing road construction activities are expected to propel the growth of the bitumen market going forward. Road construction activities refer to the processes and tasks involved in building, improving, and maintaining roads and highways. Bitumen helps in road construction activities by acting as a binder, providing waterproofing, flexibility, weather resistance, skid resistance, and ease of construction and maintenance. For instance, in November 2022, according to Global Australia Highlights, an Australia-based intergovernmental organization, the government budget for 2022–23 promises $12.04 billion (A$17.9 billion) over ten years for significant infrastructure projects around the country, including billions for road and rail projects. Between 2021 and 2025, total investment in major public infrastructure is estimated to exceed $146.72 billion (A$218 billion). Furthermore, in March 2023, according to Global X ETF, a US-based fund management firm, with the $1.2 trillion Infrastructure Investment and Jobs Act (IIJA) in November 2021, the United States took a significant step towards improving its infrastructure. Over the next ten years, the IIJA is going to invest $550 billion to improve roads, bridges, airports, and railroads, extend access to clean drinking water and broadband internet, and achieve environmental justice. Therefore, the increasing road construction activities are driving the growth of the bitumen market.

Increase In Demand For Bitumen Due To Rapid Industrialization

The rapid industrialization is expected to propel the growth of the bitumen market going forward. Industrialization is the process of transforming an economy or society from primarily agrarian and craft-based activities to a more industrial and manufacturing-based structure. Industrialization utilizes bitumen for its versatile and durable properties, serving as a crucial component in various applications such as road construction, waterproofing, and industrial processes, contributing to infrastructure development and ensuring the longevity and reliability of key industrial assets. For instance, in August 2023, according to Eurostat, a Luxembourg-based statistical office of the European Union (EU), industrial production in the euro area and the EU increased by 0.5% and 0.4%, respectively, in June 2023, compared to May 2023. Therefore, the rapid industrialization will drive the growth of the bitumen market.

Major companies operating in the bitumen market report are Sinopec Corporation, ExxonMobil Corporation, Royal Dutch Shell PLC, Total Energies SE, BP PLC, ConocoPhillips Co, PJSC Rosneft Oil Company, Cenovus Energy Inc., Bouygues Group, Imperial Oil Limited, Suncor Energy Inc., MOL Group, Nynas AB, Gazprom-Neft, Teck Resources Limited, Indian Oil Corporation Ltd., Syncrude Canada Ltd., MEG Energy Corp, Stolt-Nielsen Limited, Soprema Group, NuStar Energy L.P, Athabasca Oil Corporation, NIS Group, Compania Espanola de Petroleos SA (CEPSA), CertainTeed Corp., Asphalt Materials Inc., The Richmond Group, Karnak Corp., Sunshinen Oilsands Ltd., GOYAL Group of Companies

Bio-Based Bitumen Production Method Revolutionizes The Market

Bio-based bitumen development is a key trend gaining popularity in the bitumen market. Companies operating in the bitumen market are innovating new products to sustain their position in the market. For instance, in May 2021, Praj Industries, an India-based engineering solutions company, developed a distinctive method for producing bio-bitumen using lignin. The company's innovative approach involved converting unprocessed phenol into bio-bitumen, offering an environmentally sustainable alternative to bitumen derived from fossil fuels. Bio-bitumen is positioned to have a substantial impact as a road construction material, simultaneously reducing CO2 emissions and promoting the growth of the bioeconomy. This further reinforces our unwavering confidence in our global leadership and commitment to innovation and technological advancements within the industrial biotech sector. The creation of a novel process for producing bio-bitumen from unprocessed phenol represents a notable advancement in bitumen production. This innovative approach offers the potential to reduce reliance on fossil fuel-derived bitumen and provides an ecologically viable solution. This significant development highlights the ongoing efforts to enhance bitumen production with innovative and eco-conscious technologies.

High-Tech Bitumen Binders To Enhance Performance Characteristics

Major companies operating in the bitumen market are innovating products, such as high-tech bitumen binders, to increase the production of high-tech bitumen products and gain a competitive advantage. High-tech bitumen binders refer to advanced and innovative formulations of bituminous materials that exhibit enhanced performance characteristics, such as improved durability. For instance, in April 2021, Gazprom Neft, a Russia-based petroleum refinery company, launched a high-tech bitumen-binders production complex in Russia, which will produce approximately 120,000 metric tons of polymer-bitumen binders (PBBs) every year.

Dl Chemical Co. Ltd. Expands Global Footprint With Acquisition Of Kraton Corporation

In March 2022, DL Chemical Co., Ltd., a South Korea-based chemicals company, acquired Kraton Corporation for $2.5 billion. The acquisition of Kraton Corporation by DL Chemical Co., Ltd. strengthens DL Chemical's global presence, manufacturing capabilities, financial strength, and competitive advantage in the specialty chemicals industry. Kraton Corporation is a US-based chemicals company that engages in the development, manufacturing, and marketing of specialty polymers and bio-based chemicals.

Asia-Pacific was the largest region in the bitumen market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bitumen market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the bitumen market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The bitumen market consists of sales of bitumen paints and coatings, polymer-modified bitumen, cutback bitumen, bitumen emulsions and others. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The bitumen market research report is one of a series of new reports from The Business Research Company that provides bitumen market statistics, including bitumen industry global market size, regional shares, competitors with a bitumen market share, detailed bitumen market segments, market trends and opportunities, and any further data you may need to thrive in the bitumen industry. This bitumen market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Bitumen Market Report Scope
Report AttributeDetails
Market Size Value In 2024 $56.23 billion
Revenue Forecast In 2033 $66.29 billion
Growth Rate CAGR of 4.2% from 2024 to 2033
Base Year For Estimation 2023
Actual Estimates/Historical Data 2018-2023
Forecast Period 2024 - 2028 - 2033
Market Representation Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered 1) By Product Type: Paving Grade, Hard Grade, Oxidized Grade, Bitumen Emulsions, Polymer Modified Bitumen, Other Products
2) By Application: Roadways, Waterproofing, Adhesives, Insulation, Other Applications
3) By End-Use Sector: Non-Residential, Residential, Other End-Users
Regional Scope Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa
Key Companies Profiled Sinopec Corporation; ExxonMobil Corporation; Royal Dutch Shell plc; Total Energies SE; BP plc; ConocoPhillips Co; PJSC Rosneft Oil Company; Cenovus Energy Inc.; Bouygues Group; Imperial Oil Limited; Suncor Energy Inc.; MOL Group; Nynas AB; Gazprom-Neft; Teck Resources Limited; Indian Oil Corporation Ltd.; Syncrude Canada Ltd.; MEG Energy Corp; Stolt-Nielsen Limited; Soprema Group; NuStar Energy L.P; Athabasca Oil Corporation; NIS Group; Compania Espanola de Petroleos SA (CEPSA); CertainTeed Corp.; Asphalt Materials Inc.; The Richmond Group; Karnak Corp.; Sunshinen Oilsands Ltd.; GOYAL Group of Companies
Customization ScopeRequest for Sample
Pricing And Purchase OptionsExplore Purchase Options

    Table Of Contents

    1. Executive Summary

    2. Bitumen Market Characteristics

    3. Bitumen Market Trends And Strategies

    4. Bitumen Market - Macro Economic Scenario

    4.1. Impact Of High Inflation On The Market

    4.2. Ukraine-Russia War Impact On The Market

    4.3. COVID-19 Impact On The Market

    5. Global Bitumen Market Size and Growth

    5.1. Global Bitumen Market Drivers and Restraints

    5.1.1. Drivers Of The Market

    5.1.2. Restraints Of The Market

    5.2. Global Bitumen Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

    5.3. Global Bitumen Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

    6. Bitumen Market Segmentation

    6.1. Global Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Paving Grade

    Hard Grade

    Oxidized Grade

    Bitumen Emulsions

    Polymer Modified Bitumen

    Other Products

    6.2. Global Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Roadways

    Waterproofing

    Adhesives

    Insulation

    Other Applications

    6.3. Global Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Non-Residential

    Residential

    Other End-Users

    7. Bitumen Market Regional And Country Analysis

    7.1. Global Bitumen Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    7.2. Global Bitumen Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8. Asia-Pacific Bitumen Market

    8.1. Asia-Pacific Bitumen Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.3. Asia-Pacific Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.4. Asia-Pacific Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    9. China Bitumen Market

    9.1. China Bitumen Market Overview

    9.2. China Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.3. China Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.4. China Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    10. India Bitumen Market

    10.1. India Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.2. India Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.3. India Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11. Japan Bitumen Market

    11.1. Japan Bitumen Market Overview

    11.2. Japan Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.3. Japan Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.4. Japan Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12. Australia Bitumen Market

    12.1. Australia Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.2. Australia Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.3. Australia Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13. Indonesia Bitumen Market

    13.1. Indonesia Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.2. Indonesia Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.3. Indonesia Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14. South Korea Bitumen Market

    14.1. South Korea Bitumen Market Overview

    14.2. South Korea Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.3. South Korea Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.4. South Korea Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15. Western Europe Bitumen Market

    15.1. Western Europe Bitumen Market Overview

    15.2. Western Europe Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.3. Western Europe Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.4. Western Europe Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16. UK Bitumen Market

    16.1. UK Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.2. UK Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.3. UK Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17. Germany Bitumen Market

    17.1. Germany Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.2. Germany Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.3. Germany Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18. France Bitumen Market

    18.5. France Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.6. France Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.7. France Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19. Italy Bitumen Market

    19.9. Italy Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.10. Italy Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.11. Italy Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20. Spain Bitumen Market

    20.13. Spain Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.14. Spain Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.15. Spain Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21. Eastern Europe Bitumen Market

    21.1. Eastern Europe Bitumen Market Overview

    21.2. Eastern Europe Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.3. Eastern Europe Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.4. Eastern Europe Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22. Russia Bitumen Market

    22.1. Russia Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.2. Russia Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.3. Russia Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23. North America Bitumen Market

    23.1. North America Bitumen Market Overview

    23.2. North America Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.3. North America Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.4. North America Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24. USA Bitumen Market

    24.1. USA Bitumen Market Overview

    24.2. USA Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.3. USA Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.4. USA Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25. Canada Bitumen Market

    25.1. Canada Bitumen Market Overview

    25.2. Canada Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.3. Canada Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.4. Canada Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26. South America Bitumen Market

    26.1. South America Bitumen Market Overview

    26.2. South America Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.3. South America Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.4. South America Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27. Brazil Bitumen Market

    27.1. Brazil Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.2. Brazil Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.3. Brazil Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28. Middle East Bitumen Market

    28.1. Middle East Bitumen Market Overview

    28.2. Middle East Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.3. Middle East Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.4. Middle East Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29. Africa Bitumen Market

    29.1. Africa Bitumen Market Overview

    29.2. Africa Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.3. Africa Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.4. Africa Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    30. Bitumen Market Competitive Landscape And Company Profiles

    30.1. Bitumen Market Competitive Landscape

    30.2. Bitumen Market Company Profiles

    30.2.1. Sinopec Corporation

    30.2.1.1. Overview

    30.2.1.2. Products and Services

    30.2.1.3. Strategy

    30.2.1.4. Financial Performance

    30.2.2. ExxonMobil Corporation

    30.2.2.1. Overview

    30.2.2.2. Products and Services

    30.2.2.3. Strategy

    30.2.2.4. Financial Performance

    30.2.3. Royal Dutch Shell plc

    30.2.3.1. Overview

    30.2.3.2. Products and Services

    30.2.3.3. Strategy

    30.2.3.4. Financial Performance

    30.2.4. Total Energies SE

    30.2.4.1. Overview

    30.2.4.2. Products and Services

    30.2.4.3. Strategy

    30.2.4.4. Financial Performance

    30.2.5. BP plc

    30.2.5.1. Overview

    30.2.5.2. Products and Services

    30.2.5.3. Strategy

    30.2.5.4. Financial Performance

    31. Bitumen Market Other Major And Innovative Companies

    31.1. ConocoPhillips Co

    31.2. PJSC Rosneft Oil Company

    31.3. Cenovus Energy Inc.

    31.4. Bouygues Group

    31.5. Imperial Oil Limited

    31.6. Suncor Energy Inc.

    31.7. MOL Group

    31.8. Nynas AB

    31.9. Gazprom-Neft

    31.10. Teck Resources Limited

    31.11. Indian Oil Corporation Ltd.

    31.12. Syncrude Canada Ltd.

    31.13. MEG Energy Corp

    31.14. Stolt-Nielsen Limited

    31.15. Soprema Group

    32. Global Bitumen Market Competitive Benchmarking

    33. Global Bitumen Market Competitive Dashboard

    34. Key Mergers And Acquisitions In The Bitumen Market

    35. Bitumen Market Future Outlook and Potential Analysis

    35.1 Bitumen Market In 2028 - Countries Offering Most New Opportunities

    35.2 Bitumen Market In 2028 - Segments Offering Most New Opportunities

    35.3 Bitumen Market In 2028 - Growth Strategies

    35.3.1 Market Trend Based Strategies

    35.3.2 Competitor Strategies

    36. Appendix

    36.1. Abbreviations

    36.2. Currencies

    36.3. Historic And Forecast Inflation Rates

    36.4. Research Inquiries

    36.5. The Business Research Company

    36.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Table 3: Global Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 4: Global Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 5: Global Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 6: Global Bitumen Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 7: Global Bitumen Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 8: Asia-Pacific, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 9: Asia-Pacific, Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 10: Asia-Pacific, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 11: China, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 12: China, Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 13: China, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 14: India, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 15: India, Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 16: India, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 17: Japan, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 18: Japan, Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 19: Japan, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 20: Australia, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 21: Australia, Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 22: Australia, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 23: Indonesia, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 24: Indonesia, Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 25: Indonesia, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 26: South Korea, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 27: South Korea, Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 28: South Korea, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 29: Western Europe, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 30: Western Europe, Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 31: Western Europe, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 32: UK, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 33: UK, Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 34: UK, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 35: Germany, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 36: Germany, Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 37: Germany, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 38: France, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 39: France, Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 40: France, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 41: Italy, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 42: Italy, Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 43: Italy, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 44: Spain, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 45: Spain, Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 46: Spain, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 47: Eastern Europe, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 48: Eastern Europe, Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 49: Eastern Europe, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 50: Russia, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 51: Russia, Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 52: Russia, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 53: North America, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 54: North America, Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 55: North America, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 56: USA, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 57: USA, Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 58: USA, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 59: Canada, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 60: Canada, Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 61: Canada, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 62: South America, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 63: South America, Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 64: South America, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 65: Brazil, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 66: Brazil, Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 67: Brazil, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 68: Middle East, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 69: Middle East, Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 70: Middle East, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 71: Africa, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 72: Africa, Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 73: Africa, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 74: Sinopec Corporation Financial Performance
  • Table 75: ExxonMobil Corporation Financial Performance
  • Table 76: Royal Dutch Shell plc Financial Performance
  • Table 77: Total Energies SE Financial Performance
  • Table 78: BP plc Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Figure 3: Global Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 4: Global Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 5: Global Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 6: Global Bitumen Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 7: Global Bitumen Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 8: Asia-Pacific, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 9: Asia-Pacific, Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 10: Asia-Pacific, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 11: China, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 12: China, Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 13: China, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 14: India, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 15: India, Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 16: India, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 17: Japan, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 18: Japan, Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 19: Japan, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 20: Australia, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 21: Australia, Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 22: Australia, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 23: Indonesia, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 24: Indonesia, Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 25: Indonesia, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 26: South Korea, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 27: South Korea, Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 28: South Korea, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 29: Western Europe, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 30: Western Europe, Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 31: Western Europe, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 32: UK, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 33: UK, Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 34: UK, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 35: Germany, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 36: Germany, Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 37: Germany, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 38: France, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 39: France, Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 40: France, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 41: Italy, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 42: Italy, Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 43: Italy, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 44: Spain, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 45: Spain, Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 46: Spain, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 47: Eastern Europe, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 48: Eastern Europe, Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 49: Eastern Europe, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 50: Russia, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 51: Russia, Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 52: Russia, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 53: North America, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 54: North America, Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 55: North America, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 56: USA, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 57: USA, Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 58: USA, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 59: Canada, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 60: Canada, Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 61: Canada, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 62: South America, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 63: South America, Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 64: South America, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 65: Brazil, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 66: Brazil, Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 67: Brazil, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 68: Middle East, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 69: Middle East, Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 70: Middle East, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 71: Africa, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 72: Africa, Bitumen Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 73: Africa, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 74: Sinopec Corporation Financial Performance
  • Figure 75: ExxonMobil Corporation Financial Performance
  • Figure 76: Royal Dutch Shell plc Financial Performance
  • Figure 77: Total Energies SE Financial Performance
  • Figure 78: BP plc Financial Performance
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Frequently Asked Questions

What is the definition of the bitumen market?

Bitumen, also known as asphalt or asphalt binder, is a black, sticky, and highly viscous petroleum-based material. Bitumen is used as a binder in asphalt concrete for constructing roads, highways, and other transportation infrastructure. For further insights on the bitumen market, request a sample here

How will the bitumen market drivers and restraints affect the bitumen market dynamics? What forces will shape the bitumen industry going forward?

The bitumen market major growth driver - Growing Road Construction Activities Boost Bitumen Market. For further insights on the bitumen market, request a sample here

What is the forecast market size or the forecast market value of the bitumen market?

The bitumen market size has grown steadily in recent years. It will grow from $53.66 billion in 2023 to $56.23 billion in 2024 at a compound annual growth rate (CAGR) of 4.8%. The growth in the historic period can be attributed to infrastructure development, paving and roofing materials, transportation industry demand, r&d for bitumen modifications, environmental and sustainability factors. The bitumen market size is expected to see steady growth in the next few years. It will grow to $66.29 billion in 2028 at a compound annual growth rate (CAGR) of 4.2%. The growth in the forecast period can be attributed to sustainable asphalt solutions, smart city initiatives, renewable energy infrastructure, rising global construction, bitumen-based carbon capture. Major trends in the forecast period include high-performance pavements, advanced roofing materials, bitumen recycling and reuse, nano and micro bitumen technologie, digital solutions in bitumen production. For further insights on the bitumen market, request a sample here

How is the bitumen market segmented?

The bitumen market is segmented
1) By Product Type: Paving Grade, Hard Grade, Oxidized Grade, Bitumen Emulsions, Polymer Modified Bitumen, Other Products
2) By Application: Roadways, Waterproofing, Adhesives, Insulation, Other Applications
3) By End-Use Sector: Non-Residential, Residential, Other End-UsersFor further insights on the bitumen market,
request a sample here

Which region has the largest share of the bitumen market? What are the other regions covered in the report?

Asia-Pacific was the largest region in the bitumen market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bitumen market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the bitumen market, request a sample here.

Who are the major players in the bitumen market?

Major companies operating in the bitumen market report are Sinopec Corporation, ExxonMobil Corporation, Royal Dutch Shell plc, Total Energies SE, BP plc, ConocoPhillips Co, PJSC Rosneft Oil Company, Cenovus Energy Inc., Bouygues Group, Imperial Oil Limited, Suncor Energy Inc., MOL Group, Nynas AB, Gazprom-Neft, Teck Resources Limited, Indian Oil Corporation Ltd., Syncrude Canada Ltd., MEG Energy Corp, Stolt-Nielsen Limited, Soprema Group, NuStar Energy L.P, Athabasca Oil Corporation, NIS Group, Compania Espanola de Petroleos SA (CEPSA), CertainTeed Corp., Asphalt Materials Inc., The Richmond Group, Karnak Corp., Sunshinen Oilsands Ltd., GOYAL Group of Companies For further insights on the bitumen market, request a sample here.

What are the key trends in the bitumen market?

Major trend in the bitumen market - Bio-Based Bitumen Production Method Revolutionizes The Market. For further insights on the bitumen market, request a sample here.

What are the major opportunities in the bitumen market? What are the strategies for the bitumen market?

For detailed insights on the major opportunities and strategies in the bitumen market, request a sample here.

How does the bitumen market relate to the overall economy and other similar markets?

For detailed insights on bitumen market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the bitumen industry?

For detailed insights on the mergers and acquisitions in the bitumen industry, request a sample here.

What are the key dynamics influencing the bitumen market growth? SWOT analysis of the bitumen market.

For detailed insights on the key dynamics influencing the bitumen market growth and SWOT analysis of the bitumen industry, request a sample here.