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Bitumen Global Market Report 2025
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Global Bitumen Market Report 2025

Report Price : $4490.00

Pages :

Format : PDF

Published : December 2025

Delivery Time : 2-3 Business Days

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Bitumen Global Market Report 2025

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) – Impact of Tariff and Trade War on Market Size, Growth, Trends, and Forecast 2025–2034

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Bitumen Market Overview

• Bitumen market size has reached to $55.85 billion in 2024

• Expected to grow to $69.19 billion in 2029 at a compound annual growth rate (CAGR) of 4.8%

• Growth Driver: Growing Road Construction Activities Boost Bitumen Market

• Market Trend: Bio-Based Bitumen Production Method Revolutionizes The Market

• Asia-Pacific was the largest region in 2024 and Asia-Pacific is the fastest growing region.

What Is Covered Under 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.

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.

Bitumen Market Size and growth rate 2025 to 2029: Graph

What Is The Bitumen Market Size 2025 And Growth Rate?

The bitumen market size has grown steadily in recent years. It will grow from $55.85 billion in 2024 to $57.31 billion in 2025 at a compound annual growth rate (CAGR) of 2.6%. 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

What Is The Bitumen Market Growth Forecast?

The bitumen market size is expected to see strong growth in the next few years. It will grow to $69.19 billion in 2029 at a compound annual growth rate (CAGR) of 4.8%. 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.

The forecast of 4.8% growth over the next five years reflects a modest reduction of 0.3% from the previous estimate for this market.This reduction is primarily due to the impact of tariffs between the US and other countries. This is likely to directly affect the US by disrupting asphalt supply chains, as key bitumen imports from Canada and Venezuela face higher tariffs.The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.

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What’s The Trade War Impact On Chemicals Industry?

The intensifying U.S. tariffs and escalating trade tensions in spring 2025 are expected to have a significant impact on the chemicals sector, which is bearing a disproportionate burden, particularly from tariffs on petrochemicals and intermediates, where affordable domestic substitutes are often unavailable. Producers of specialty chemicals, heavily dependent on Chinese raw materials, are experiencing production disruptions. At the same time, fertilizer manufacturers are seeing profit margins eroded due to tariffs on phosphate imports. In response, companies are ramping up R&D into bio-based alternatives, forming procurement alliances to consolidate buying power, and shifting production to tariff-neutral nations such as Saudi Arabia.

How Is The Bitumen Market 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

Subsegments:

1) By Paving Grade: PG 64-22, PG 58-28, PG 70-28

2) By Hard Grade: Hard Bitumen, Extra Hard Bitumen

3) By Oxidized Grade: Oxidized Bitumen, Speciality Oxidized Bitumen

4) By Bitumen Emulsions: Cationic Emulsions, Anionic Emulsions

5) By Polymer Modified Bitumen (PMB): SBS Modified Bitumen, EVA Modified Bitumen, Other Polymer Modifications

6) By Other Products: Cutback Bitumen, Specialty Bitumen Products

What Is Driving The Bitumen Market? 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 industry.

What Is Driving 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 industry.

Who Are The Major Players In The Global Bitumen Market?

Major companies operating in the bitumen market include 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, 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., Sunshine Oilsands Ltd., GOYAL Group of Companies

What Are The Key Trends Of The Global Bitumen Market? 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 2024, Tarmac, a UK-based specializing in sustainable building materials and construction solutions, developed algae-based bitumen, known as bio-bitumen, as a sustainable alternative for road construction to create a sustainable alternative to traditional petroleum-derived bitumen used in road construction. This initiative leverages algae's natural carbon sequestration to significantly lower the carbon footprint of bitumen production while ensuring that bio-bitumen retains key properties like durability, water resistance, and recyclability.

What Are The Key Trends Of The Global Bitumen Market? 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 May 2024, Tarmac,a UK-based company specializing in sustainable building materials and construction, launched a new modern and sustainable asphalt plant in Trowse, Norwich, marking a significant advancement in eco-friendly construction practices. It has a production capacity of up to 100,000 tons per year.

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Bitumen Market Merger And Acquisition: 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.

Regional Outlook For The Global Bitumen Market

Asia-Pacific was the largest region in the bitumen market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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

What Defines the Bitumen Market?

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.

How is Market Value Defined and Measured?

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.

What is the Market Assessment and Strategic Outlook for the Bitumen Industry?

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

Bitumen Market Report Forecast Analysis

Report AttributeDetails
Market Size Value In 2025 $57.31 billion
Revenue Forecast In 2034 $69.19 billion
Growth Rate CAGR of 4.8% from 2025 to 2034
Base Year For Estimation 2024
Actual Estimates/Historical Data 2019-2024
Forecast Period 2025 - 2029 - 2034
Market Representation Revenue in USD Billion and CAGR from 2025 to 2034
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 Subsegments: 1) By Paving Grade: PG 64-22, PG 58-28, PG 70-28
2) By Hard Grade: Hard Bitumen, Extra Hard Bitumen
3) By Oxidized Grade: Oxidized Bitumen, Speciality Oxidized Bitumen
4) By Bitumen Emulsions: Cationic Emulsions, Anionic Emulsions
5) By Polymer Modified Bitumen (PMB): SBS Modified Bitumen, EVA Modified Bitumen, Other Polymer Modifications 6) By Other Products: Cutback Bitumen, Specialty Bitumen Products
Regional Scope Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Country Scope The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report are Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, 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, 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., Sunshine Oilsands Ltd., GOYAL Group of Companies
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Table Of Contents

1. Executive Summary

2. Bitumen Market Characteristics

3. Bitumen Market Trends And Strategies

4. Bitumen Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Trade Wars and Tariffs, And Covid And Recovery On The Market

4.1. Supply Chain Impact from Tariff War & Trade Protectionism

5. Global Bitumen Growth Analysis And Strategic Analysis Framework

5.1. Global Bitumen PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)

5.2. Analysis Of End Use Industries

5.3. Global Bitumen Market Growth Rate Analysis

5.4. Global Bitumen Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)

5.5. Global Bitumen Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)

5.6. Global Bitumen Total Addressable Market (TAM)

6. Bitumen Market Segmentation

6.1. Global Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ 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, 2019-2024, 2024-2029F, 2034F, $ Billion

Roadways

Waterproofing

Adhesives

Insulation

Other Applications

6.3. Global Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Non-Residential

Residential

Other End-Users

6.4. Global Bitumen Market, Sub-Segmentation Of Paving Grade, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

PG 64-22

PG 58-28

PG 70-28

6.5. Global Bitumen Market, Sub-Segmentation Of Hard Grade, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Hard Bitumen

Extra Hard Bitumen

6.6. Global Bitumen Market, Sub-Segmentation Of Oxidized Grade, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Oxidized Bitumen

Speciality Oxidized Bitumen

6.7. Global Bitumen Market, Sub-Segmentation Of Bitumen Emulsions, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Cationic Emulsions

Anionic Emulsions

6.8. Global Bitumen Market, Sub-Segmentation Of Polymer Modified Bitumen (PMB), By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

SBS Modified Bitumen

EVA Modified Bitumen

Other Polymer Modifications

6.9. Global Bitumen Market, Sub-Segmentation Of Other Products, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Cutback Bitumen

Specialty Bitumen Products

7. Bitumen Market Regional And Country Analysis

7.1. Global Bitumen Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

7.2. Global Bitumen Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8. Asia-Pacific Bitumen Market

8.1. Asia-Pacific Bitumen Market Overview

Region Information, 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, 2019-2024, 2024-2029F, 2034F, $ Billion

8.3. Asia-Pacific Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8.4. Asia-Pacific Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

9. China Bitumen Market

9.1. China Bitumen Market Overview

9.2. China Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.3. China Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.4. China Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

10. India Bitumen Market

10.1. India Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.2. India Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.3. India Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11. Japan Bitumen Market

11.1. Japan Bitumen Market Overview

11.2. Japan Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.3. Japan Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.4. Japan Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12. Australia Bitumen Market

12.1. Australia Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.2. Australia Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.3. Australia Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13. Indonesia Bitumen Market

13.1. Indonesia Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.2. Indonesia Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.3. Indonesia Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ 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, 2019-2024, 2024-2029F, 2034F, $ Billion

14.3. South Korea Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14.4. South Korea Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ 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, 2019-2024, 2024-2029F, 2034F, $ Billion

15.3. Western Europe Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15.4. Western Europe Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16. UK Bitumen Market

16.1. UK Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.2. UK Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.3. UK Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17. Germany Bitumen Market

17.1. Germany Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.2. Germany Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.3. Germany Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18. France Bitumen Market

18.1. France Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.2. France Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.3. France Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19. Italy Bitumen Market

19.1. Italy Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.2. Italy Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.3. Italy Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20. Spain Bitumen Market

20.1. Spain Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.2. Spain Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.3. Spain Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ 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, 2019-2024, 2024-2029F, 2034F, $ Billion

21.3. Eastern Europe Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21.4. Eastern Europe Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22. Russia Bitumen Market

22.1. Russia Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.2. Russia Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.3. Russia Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ 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, 2019-2024, 2024-2029F, 2034F, $ Billion

23.3. North America Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23.4. North America Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24. USA Bitumen Market

24.1. USA Bitumen Market Overview

24.2. USA Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.3. USA Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.4. USA Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25. Canada Bitumen Market

25.1. Canada Bitumen Market Overview

25.2. Canada Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.3. Canada Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.4. Canada Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ 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, 2019-2024, 2024-2029F, 2034F, $ Billion

26.3. South America Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26.4. South America Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27. Brazil Bitumen Market

27.1. Brazil Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.2. Brazil Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.3. Brazil Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ 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, 2019-2024, 2024-2029F, 2034F, $ Billion

28.3. Middle East Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28.4. Middle East Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29. Africa Bitumen Market

29.1. Africa Bitumen Market Overview

29.2. Africa Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.3. Africa Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.4. Africa Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ 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 Overview, Products and Services, Strategy and Financial Analysis

30.2.2. ExxonMobil Corporation Overview, Products and Services, Strategy and Financial Analysis

30.2.3. Royal Dutch Shell plc Overview, Products and Services, Strategy and Financial Analysis

30.2.4. Total Energies SE Overview, Products and Services, Strategy and Financial Analysis

30.2.5. BP plc Overview, Products and Services, Strategy and Financial Analysis

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. Soprema Group

31.15. NuStar Energy L.P

32. Global Bitumen Market Competitive Benchmarking And Dashboard

33. Key Mergers And Acquisitions In The Bitumen Market

34. Recent Developments In The Bitumen Market

35. Bitumen Market High Potential Countries, Segments and Strategies

35.1 Bitumen Market In 2029 - Countries Offering Most New Opportunities

35.2 Bitumen Market In 2029 - Segments Offering Most New Opportunities

35.3 Bitumen Market In 2029 - 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, 2019-2024, $ Billion
  • Table 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion
  • Table 3: Global Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 4: Global Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 5: Global Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 6: Global Bitumen Market, Sub-Segmentation Of Paving Grade, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 7: Global Bitumen Market, Sub-Segmentation Of Hard Grade, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 8: Global Bitumen Market, Sub-Segmentation Of Oxidized Grade, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 9: Global Bitumen Market, Sub-Segmentation Of Bitumen Emulsions, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 10: Global Bitumen Market, Sub-Segmentation Of Polymer Modified Bitumen (PMB), By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 11: Global Bitumen Market, Sub-Segmentation Of Other Products, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 12: Global Bitumen Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 13: Global Bitumen Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 14: Asia-Pacific, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 15: Asia-Pacific, Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 16: Asia-Pacific, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 17: China, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 18: China, Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 19: China, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 20: India, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 21: India, Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 22: India, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 23: Japan, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 24: Japan, Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 25: Japan, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 26: Australia, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 27: Australia, Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 28: Australia, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 29: Indonesia, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 30: Indonesia, Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 31: Indonesia, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 32: South Korea, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 33: South Korea, Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 34: South Korea, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 35: Western Europe, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 36: Western Europe, Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 37: Western Europe, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 38: UK, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 39: UK, Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 40: UK, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 41: Germany, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 42: Germany, Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 43: Germany, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 44: France, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 45: France, Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 46: France, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 47: Italy, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 48: Italy, Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 49: Italy, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 50: Spain, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 51: Spain, Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 52: Spain, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 53: Eastern Europe, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 54: Eastern Europe, Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 55: Eastern Europe, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 56: Russia, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 57: Russia, Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 58: Russia, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 59: North America, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 60: North America, Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 61: North America, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 62: USA, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 63: USA, Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 64: USA, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 65: Canada, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 66: Canada, Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 67: Canada, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 68: South America, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 69: South America, Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 70: South America, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 71: Brazil, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 72: Brazil, Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 73: Brazil, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 74: Middle East, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 75: Middle East, Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 76: Middle East, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 77: Africa, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 78: Africa, Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 79: Africa, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 80: Sinopec Corporation Financial Performance
  • Table 81: ExxonMobil Corporation Financial Performance
  • Table 82: Royal Dutch Shell plc Financial Performance
  • Table 83: Total Energies SE Financial Performance
  • Table 84: BP plc Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2019-2024, $ Billion
  • Figure 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion
  • Figure 3: Global Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 4: Global Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 5: Global Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 6: Global Bitumen Market, Sub-Segmentation Of Paving Grade, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 7: Global Bitumen Market, Sub-Segmentation Of Hard Grade, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 8: Global Bitumen Market, Sub-Segmentation Of Oxidized Grade, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 9: Global Bitumen Market, Sub-Segmentation Of Bitumen Emulsions, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 10: Global Bitumen Market, Sub-Segmentation Of Polymer Modified Bitumen (PMB), By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 11: Global Bitumen Market, Sub-Segmentation Of Other Products, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 12: Global Bitumen Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 13: Global Bitumen Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 14: Asia-Pacific, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 15: Asia-Pacific, Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 16: Asia-Pacific, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 17: China, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 18: China, Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 19: China, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 20: India, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 21: India, Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 22: India, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 23: Japan, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 24: Japan, Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 25: Japan, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 26: Australia, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 27: Australia, Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 28: Australia, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 29: Indonesia, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 30: Indonesia, Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 31: Indonesia, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 32: South Korea, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 33: South Korea, Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 34: South Korea, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 35: Western Europe, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 36: Western Europe, Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 37: Western Europe, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 38: UK, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 39: UK, Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 40: UK, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 41: Germany, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 42: Germany, Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 43: Germany, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 44: France, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 45: France, Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 46: France, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 47: Italy, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 48: Italy, Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 49: Italy, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 50: Spain, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 51: Spain, Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 52: Spain, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 53: Eastern Europe, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 54: Eastern Europe, Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 55: Eastern Europe, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 56: Russia, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 57: Russia, Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 58: Russia, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 59: North America, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 60: North America, Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 61: North America, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 62: USA, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 63: USA, Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 64: USA, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 65: Canada, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 66: Canada, Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 67: Canada, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 68: South America, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 69: South America, Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 70: South America, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 71: Brazil, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 72: Brazil, Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 73: Brazil, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 74: Middle East, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 75: Middle East, Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 76: Middle East, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 77: Africa, Bitumen Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 78: Africa, Bitumen Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 79: Africa, Bitumen Market, Segmentation By End-Use Sector, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 80: Sinopec Corporation Financial Performance
  • Figure 81: ExxonMobil Corporation Financial Performance
  • Figure 82: Royal Dutch Shell plc Financial Performance
  • Figure 83: Total Energies SE Financial Performance
  • Figure 84: BP plc Financial Performance

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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 this market, request a sample here

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

The bitumen market size has grown steadily in recent years. It will grow from $55.85 billion in 2024 to $57.31 billion in 2025 at a compound annual growth rate (CAGR) of 2.6%. 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 $69.19 billion in 2029 at a compound annual growth rate (CAGR) of 4.8%. 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. For further insights on this market, request a sample here

The bitumenmarket 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 Subsegments:
1) By Paving Grade: PG 64-22, PG 58-28, PG 70-28
2) By Hard Grade: Hard Bitumen, Extra Hard Bitumen
3) By Oxidized Grade: Oxidized Bitumen, Speciality Oxidized Bitumen
4) By Bitumen Emulsions: Cationic Emulsions, Anionic Emulsions
5) By Polymer Modified Bitumen (PMB): SBS Modified Bitumen, EVA Modified Bitumen, Other Polymer Modifications
6) By Other Products: Cutback Bitumen, Specialty Bitumen Products For further insights on this market, request a sample here

Asia-Pacific was the largest region in the bitumen market in 2024. 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 this market, request a sample here.

Major companies operating in the bitumen market include 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, 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., Sunshine Oilsands Ltd., GOYAL Group of Companies . For further insights on this market, request a sample here.

Major trends in this market include Bio-Based Bitumen Production Method Revolutionizes The Market. For further insights on this market, request a sample here.

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Global Bitumen Market Report 2025

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