Bitumen Market
Bitumen Market Study by Paving Grade, Hard Grade, Oxidized/Blown Grade, Bitumen Emulsion, Polymer Modified Binder for Road Surfacing, Waterproofing, and Others from 2024 to 2034
Analysis of Bitumen Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Bitumen Market Outlook (2024 to 2034)
The global bitumen market is expected to be worth US$ 76.2 billion in 2024 and climb to a valuation of US$ 116 billion by the end of 2034, with expansion projected at a CAGR of 4.3% from 2024 to 2034.
Bitumen, also known as asphalt, is a dense, black, and adhesive material derived from crude oil through a refining process called fractional distillation. Comprised of complex hydrocarbon compounds, bitumen occurs naturally in deposits or as a byproduct of petroleum refining.
With increasing construction around the world, consumption of bitumen is on the rise, given its indispensable role as a foundational component. Bitumen is a crucial element in infrastructure development, including roads, highways, roofing, and waterproofing. However, the bitumen market is constantly evolving, influenced by various factors such as the economy, emerging technologies, and environmental concerns.
Key Market Growth Drivers
- The incessant need for infrastructure expansion, particularly in developing nations like India, is significantly contributing to the growth of the bitumen market.
- Development of any country or city involves road construction, highways, airports, and infrastructure projects that rely on bitumen, thus propelling its demand and shaping market trends.
- Expansion of the transportation sector, with the automotive industry at its core, is boosting the demand for bitumen in road surfaces and pavement construction. As global car ownership rises, the requirement for well-maintained roads increases, fostering bitumen market growth.
- Apart from new construction projects, maintenance and repair activities on existing infrastructure play a crucial role in driving bitumen demand. Conducting regular upkeep, resurfacing, and repair work ensures the longevity and safety of roads, necessitating a continuous supply of bitumen-based materials.
- Beyond road construction, the demand for bitumen is also escalating in waterproofing applications for infrastructure, buildings, and roofing projects.
- Bitumen-based waterproofing membranes provide robust protection against water ingress.
| Report Attributes | Details |
|---|---|
| Bitumen Market Size (2024E) | US$ 76.2 Billion |
| Forecasted Market Value (2034F) | US$ 116 Billion |
| Global Market Growth Rate (2024 to 2034) | 4.3% CAGR |
| East Asia Market Share (2024E) | 22.4% |
| North America Growth Rate (2024 to 2034) | 7.2% CAGR |
| Waterproofing Segment Market Value (2034F) | US$ 35.3 Billion |
| Key Companies Profiled | Hindustan Petroleum Corporation Limited; Sinopec; Royal Dutch Shell PLC; Total Oil India Pvt. Ltd.; China National Petroleum Corporation; CNOOC Limited; Rhine Middle East LLC; Indian Oil Corporation Ltd.; Wellbank Global PTE Ltd.; Kimya Refinery Group; Regional Petroleum Products Corporation; The Bahrain Petroleum Company B.S.C.; Muscat International Bitumen LLC; BNB Bitumen Private Limited |
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Which Bitumen Market Trends Should Manufacturers Leverage?
“Rising Adoption of Bitumen 4.0 and Focus on Creating Pavements with Extended Service Life”
Advancement of Bitumen 4.0 is generating revenue opportunities for industry players. Manufacturers are ramping up the production of polymer-modified bitumen (PMB), enhancing fatigue performance and resistance to deformation. This aids in the creation of pavements with extended service lives, which is crucial for publicly funded road networks.
Advanced bitumen solutions align with the safety objectives of governments and road authorities. These treatments are being integrated into asphalt mixes to enhance skid resistance and create visually appealing, textured surfaces. Increasing demand from bus lanes, bus stops, and bicycle pathways is driving the need for these advanced bitumen solutions.
What is Negatively Influencing Expansion of Global Bitumen Market Size?
“Fluctuating Crude Oil Prices and Environmental Concerns Associated with Bitumen Products”
Fluctuating crude oil prices and environmental concerns over the use of bitumen products are significant factors projected to constrain revenue growth. In addition, the increased availability of less expensive alternatives, such as concrete, is further limiting the growth of the bitumen market. Bitumen, primarily derived from crude oil, is highly susceptible to fluctuations in crude oil prices, exerting a considerable influence on the market.
Manufacturers are shifting their focus towards producing eco-friendly bitumen products in response to the rising demand for sustainable and environmentally friendly alternatives. The demand for such environmentally friendly bitumen products is anticipated to increase as recycled materials, including waste plastic and rubber, are progressively integrated into bitumen manufacturing processes.
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Country-wise Insight
The North American and European markets for bitumen are projected to witness steady growth over the projection period due to increasing construction and redevelopment activities. East Asia is a leading player and is projected to hold 22.4% of the global bitumen market share in 2024.
Why is China Grabbing the Attention of Bitumen Manufacturers?
“Extensive Infrastructure Development and Need for Transportation Network Expansion”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 9.8 Billion |
| Growth Rate (2024 to 2034) | 6.3% CAGR |
| Projected Value (2034F) | US$ 18.1 Billion |
Bitumen sales are increasing at a steady pace in China, driven by economic expansion and extensive infrastructure development initiatives such as highways, roads, and airports. Given its vast population and expansive land area, China requires a robust transportation network, thereby necessitating road construction and maintenance, which rely heavily on bitumen. Moreover, the Chinese government's proactive initiatives, such as the Belt and Road Initiative (BRI), have expedited infrastructure investments, thus fueling the demand for bitumen.
How Fast is Demand for Bitumen Rising in the United States?
“Expansive Transportation Network Boosting Demand for Bitumen for Maintenance”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 7.8 Billion |
| Growth Rate (2024 to 2034) | 7.1% CAGR |
| Projected Value (2034F) | US$ 15.5 Billion |
Sales volume of bitumen is on the rise in the United States, driven by the extensive transportation network comprising highways, roads, bridges, and more. The constant need for bitumen arises from the ongoing maintenance and construction of these infrastructures across the country.
An extensive transportation network in the United States facilitates long-distance travel for both goods and individuals. Thus, there is a consistent demand for durable and reliable road surfaces. Furthermore, with continual urban expansion and population growth, especially in metropolitan areas, the demand for new construction projects and infrastructure enhancements is increasing at a significant pace.
Category-wise Insights
Based on grade, the market is segmented into paving grade, hard grade, oxidized/blown grade, bitumen emulsion, and polymer-modified binder. The demand for paving grade and oxidized/blown grade is projected to increase at a faster pace compared to other types through 2034.
Which Application Accounts for Higher Utilization of Bitumen?
“Vital Role of Bitumen in Waterproofing to Preserve Structural Integrity of Buildings”
| Attribute | Waterproofing |
|---|---|
| Segment Value (2024E) | US$ 24.2 Billion |
| Growth Rate (2024 to 2034) | 3.8% CAGR |
| Projected Value (2034F) | US$ 35.3 Billion |
Bitumen plays a crucial role in waterproofing applications in construction, encompassing roof membranes, waterproofing compounds, and sealants for foundations. Global significance of waterproofing is rising in response to growing demand in residential, commercial, and industrial construction sectors. Bitumen possesses qualities conducive to effective water protection, contributing to the longevity and structural integrity of buildings. Bitumen-based materials are indispensable in contemporary construction practices, whether safeguarding a residential roof from the elements or sealing the foundation of a commercial structure.
What is Prompting Use of Bitumen in Road Surfacing?
“Bitumen Ensuring Resilience Against Heavy Traffic and Extreme Weather Conditions”
| Attribute | Road Surfacing |
|---|---|
| Segment Value (2024E) | US$ 16.4 Billion |
| Growth Rate (2024 to 2034) | 4% CAGR |
| Projected Value (2034F) | US$ 24.2 Billion |
Bitumen plays a crucial role in road construction and maintenance activities. The demand for bitumen in road surfacing is escalating due to the expansion of transportation networks in many countries. Additionally, in nations like the United States, the need for road surfacing is growing due to the ongoing maintenance requirements of roads and other infrastructures. The flexibility and strength of bitumen make it well-suited for both new and existing road construction and repair projects. Bitumen surfaces exhibit resilience against heavy traffic and extreme weather conditions, rendering them ideal for highways, urban roads, and rural pathways.
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Competitive Landscape
Key players in the bitumen industry include Hindustan Petroleum Corporation Limited, Sinopec, Royal Dutch Shell PLC, Total Oil India Pvt. Ltd., China National Petroleum Corporation, CNOOC Limited, Rhine Middle East LLC, Indian Oil Corporation Ltd., Wellbank Global PTE Ltd., Kimya Refinery Group, Regional Petroleum Products Corporation, The Bahrain Petroleum Company B.S.C., Muscat International Bitumen LLC, and BNB Bitumen Private Limited. These companies are boosting their investment in research and development to create low-cost waterproofing materials that can endure high temperatures.
- In November 2023, Omnipotent Industries Ltd. started commercial operations at its new bitumen processing plant in Kandla. The Gujarat-based factory guarantees access to raw materials and delivery. This transaction is intended to enhance Omnipotent's supply chain, improving market responsiveness and aligning with the company's overall sustainability mission.
- In September 2023, GOIL PLC entered the West African bitumen industry by offering novel products, especially polymer-modified bitumen (PMB) and bitumen emulsion, as part of its continuous diversification strategy. The US$ 45 million project is a joint venture between GOIL PLC and Côte d'Ivoire's Société Multinationale de Bitumes (SMB).
- In July 2020, Total SA, a French energy behemoth, and India's top oil corporation, Indian Oil Corp (IOC), formed a 50:50 joint venture to manufacture and distribute high-quality bitumen derivatives and specialist goods for India's burgeoning road-building sector.
Fact.MR provides detailed information about the price points of key manufacturers of bitumen positioned across the world, sales growth, production capacity, and speculative technological expansion, in this new market report.
Segmentation of Bitumen Market Research
-
By Product Type:
- Paving Grade
- Hard Grade
- Oxidized/Blown Grade
- Bitumen Emulsion
- Polymer Modified Binders (PMBs)
-
By End Use:
- Road Surfacing
- Waterproofing
- Others (Insulating, Sealing, Paint, etc.)
-
By Region:
- North America
- Europe
- Latin America
- East Asia
- South Asia & Oceania
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034
- 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Product Type
- 7.1. Paving Grade
- 7.2. Hard Grade
- 7.3. Oxidized/Blown Grade
- 7.4. Emulsion
- 7.5. Polymer Modified Binders (PMBs)
- 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by End Use
- 8.1. Road Surfacing
- 8.2. Waterproofing
- 8.3. Others (Insulating, Sealing, Paint, etc.)
- 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Western Europe
- 9.4. Eastern Europe
- 9.5. East Asia
- 9.6. South Asia & Pacific
- 9.7. Middle East & Africa
- 10. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 11. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 12. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 13. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 14. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 15. South Asia & Pacific Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 16. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 17. Sales Forecast 2024 to 2034 by Product Type, End Use, and Region for 30 Countries
- 18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 19. Company Profile
- 19.1. Hindustan Petroleum Corporation Limited
- 19.2. Sinopec
- 19.3. Royal Dutch Shell PLC
- 19.4. Total Oil India Pvt. Ltd.
- 19.5. China National Petroleum Corporation
- 19.6. CNOOC Limited
- 19.7. Rhine Middle East LLC
- 19.8. Indian Oil Corporation Ltd.
- 19.9. Wellbank Global PTE Ltd.
- 19.10. Kimya Refinery Group
- 19.11. Regional Petroleum Products Corporation
- 19.12. The Bahrain Petroleum Company B.S.C.
- 19.13. Muscat International LLC
- 19.14. BNB Private Limited
- 20. Assumptions and Acronyms Used
- 21. Research Methodology
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List Of Table
Table 1: Global Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 2: Global Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 3: Global Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 4: Global Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 5: Global Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 6: Global Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 7: Global Market Value (US$ Mn) Analysis, by Region, 2019 to 2023
Table 8: Global Market Value (US$ Mn) Analysis, by Region, 2024 to 2034
Table 9: Global Market Value (US$ Mn) Opportunity Analysis, by Region, 2024 to 2034
Table 10: North America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 11: North America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 12: North America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 13: North America Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 14: North America Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 15: North America Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 16: North America Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 17: North America Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 18: North America Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 19: Latin America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 20: Latin America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 21: Latin America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 22: Latin America Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 23: Latin America Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 24: Latin America Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 25: Latin America Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 26: Latin America Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 27: Latin America Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 28: Western Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 29: Western Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 30: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 31: Western Europe Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 32: Western Europe Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 33: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 34: Western Europe Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 35: Western Europe Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 36: Western Europe Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 37: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 38: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 39: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 40: Eastern Europe Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 41: Eastern Europe Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 42: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 43: Eastern Europe Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 44: Eastern Europe Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 45: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 46: East Asia Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 47: East Asia Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 48: East Asia Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 49: East Asia Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 50: East Asia Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 51: East Asia Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 52: East Asia Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 53: East Asia Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 54: East Asia Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 55: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 56: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 57: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 58: South Asia & Pacific Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 59: South Asia & Pacific Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 60: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 61: South Asia & Pacific Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 62: South Asia & Pacific Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 63: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 64: MEA Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 65: MEA Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 66: MEA Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 67: MEA Market Value (US$ Mn) Analysis, by Product Type, 2019 to 2023
Table 68: MEA Market Value (US$ Mn) Analysis, by Product Type, 2024 to 2034
Table 69: MEA Market Value (US$ Mn) Opportunity Analysis, by Product Type, 2024 to 2034
Table 70: MEA Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 71: MEA Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 72: MEA Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
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List Of Figures
Figure 1: Global Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 2: Global Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 3: Global Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 4: Global Market Incremental $ Opportunity, 2024 to 2034
Figure 5: Global Market Share and BPS Analysis by Product Type, 2024 to 2034
Figure 6: Global Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 7: Global Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 8: Global Market Share and BPS Analysis by End Use, 2024 to 2034
Figure 9: Global Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 10: Global Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 11: Global Market Share and BPS Analysis by Region, 2024 to 2034
Figure 12: Global Market Y-o-Y Growth Projections by Region, 2024 to 2034
Figure 13: Global Market Attractiveness Analysis by Region, 2024 to 2034
Figure 14: North America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 15: North America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 16: North America Market Value Y-o-Y Growth and Forecast, 2034
Figure 17: North America Market Incremental $ Opportunity, 2024 to 2034
Figure 18: North America Market Share Analysis by Country, 2024 to 2034
Figure 19: North America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 20: North America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 21: North America Market Share and BPS Analysis by Product Type, 2024 to 2034
Figure 22: North America Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 23: North America Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 24: North America Market Share and BPS Analysis by End Use, 2024 to 2034
Figure 25: North America Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 26: North America Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 27: Latin America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 28: Latin America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 29: Latin America Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 30: Latin America Market Incremental $ Opportunity, 2024 to 2034
Figure 31: Latin America Market Share Analysis by Country, 2024 to 2034
Figure 32: Latin America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 33: Latin America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 34: Latin America Market Share and BPS Analysis by Product Type, 2024 to 2034
Figure 35: Latin America Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 36: Latin America Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 37: Latin America Market Share and BPS Analysis by End Use, 2024 to 2034
Figure 38: Latin America Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 39: Latin America Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 40: Western Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 41: Western Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 42: Western Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 43: Western Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 44: Western Europe Market Share Analysis by Country, 2024 to 2034
Figure 45: Western Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 46: Western Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 47: Western Europe Market Share and BPS Analysis by Product Type, 2024 to 2034
Figure 48: Western Europe Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 49: Western Europe Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 50: Western Europe Market Share and BPS Analysis by End Use, 2024 to 2034
Figure 51: Western Europe Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 52: Western Europe Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 53: Eastern Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 54: Eastern Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 55: Eastern Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 56: Eastern Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 57: Eastern Europe Market Share Analysis by Country, 2024 to 2034
Figure 58: Eastern Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 59: Eastern Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 60: Eastern Europe Market Share and BPS Analysis by Product Type, 2024 to 2034
Figure 61: Eastern Europe Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 62: Eastern Europe Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 63: Eastern Europe Market Share and BPS Analysis by End Use, 2024 to 2034
Figure 64: Eastern Europe Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 65: Eastern Europe Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 66: East Asia Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 67: East Asia Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 68: East Asia Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 69: East Asia Market Incremental $ Opportunity, 2024 to 2034
Figure 70: East Asia Market Share Analysis by Country, 2024 to 2034
Figure 71: East Asia Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 72: East Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 73: East Asia Market Share and BPS Analysis by Product Type, 2024 to 2034
Figure 74: East Asia Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 75: East Asia Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 76: East Asia Market Share and BPS Analysis by End Use, 2024 to 2034
Figure 77: East Asia Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 78: East Asia Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 79: South Asia & Pacific Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 80: South Asia & Pacific Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 81: South Asia & Pacific Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 82: South Asia & Pacific Market Incremental $ Opportunity, 2024 to 2034
Figure 83: South Asia & Pacific Market Share Analysis by Country, 2024 to 2034
Figure 84: South Asia & Pacific Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 85: South Asia & Pacific Market Attractiveness Analysis by Country, 2024 to 2034
Figure 86: South Asia & Pacific Market Share and BPS Analysis by Product Type, 2024 to 2034
Figure 87: South Asia & Pacific Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 88: South Asia & Pacific Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 89: South Asia & Pacific Market Share and BPS Analysis by End Use, 2024 to 2034
Figure 90: South Asia & Pacific Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 91: South Asia & Pacific Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 92: MEA Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 93: MEA Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 94: MEA Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 95: MEA Market Incremental $ Opportunity, 2024 to 2034
Figure 96: MEA Market Share Analysis by Country, 2024 to 2034
Figure 97: MEA Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 98: MEA Market Attractiveness Analysis by Country, 2024 to 2034
Figure 99: MEA Market Share and BPS Analysis by Product Type, 2024 to 2034
Figure 100: MEA Market Y-o-Y Growth Projections by Product Type, 2024 to 2034
Figure 101: MEA Market Attractiveness Analysis by Product Type, 2024 to 2034
Figure 102: MEA Market Share and BPS Analysis by End Use, 2024 to 2034
Figure 103: MEA Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 104: MEA Market Attractiveness Analysis by End Use, 2024 to 2034
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the size of the global bitumen market?
The global bitumen market is expected to generate US$ 76.2 billion in revenue in 2024.
What is the demand growth projection for bitumen?
Worldwide demand for bitumen is forecasted to rise at a CAGR of 4.2% through 2034.
What is the future of the bitumen Industry?
The global market is projected to reach US$ 116 billion by the end of 2034.
At what pace is the market forecasted to expand in in South Korea?
Sales of bitumen are projected to rise at 9.1% CAGR in South Korea between 2024 and 2034.
What share of the market does waterproofing occupy?
The waterproofing segment is forecasted to account for 31.8% market share in 2024.
What is the projected worth of the Mexico market for 2034?
By the end of 2034, the market in Mexico is projected to reach US$ 1.1 billion.
Bitumen Market