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Bitumen Market To Represent USD 79.11 Billion Opportunity Globally by 2024: Grand View Research, Inc.

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The global bitumen market is expected to reach USD 79.91 billion by 2024, according to a new report by Grand View Research, Inc. Rise in infrastructure development in emerging economies including China, India and Brazil has resulted in propelling de
Bitumen Market Projected To Be Worth
$79.91 Billion By 2024
The global bitumen market is expected to reach USD 79.91 billion by 2024, according to a new
report by Grand View Research, Inc. Rise in infrastructure development in emerging economies
including China, India and Brazil has resulted in propelling demand for bitumen in the last few
years. Road connectivity is among the most important features of any developed economy. This
factor has resulted in product market growth on account of growing need for roads in emerging
economies.
Road widening and rebuilding existing assets including buildings and roads are some key areas
where product need is expected to increase constantly. Rising demand from the construction
sector has been influencing growth of the product.
Changing government requirements owing to environment regulations coupled with low cost
roofing solutions are major factors propelling demand for polymer modified bitumen (PMB) in
roofing applications. Excellent durability, water resistance and ability to withstand extreme
temperatures have resulted in increasing demand for PMB.
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U.S. bitumen market revenue, by application, 2013 - 2024 (USD Million)
Table of Contents
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources
Chapter 2. Executive Summary
2.1. Bitumen market- Industry summary and key buying criteria
Chapter 3. Bitumen Industry Outlook
3.1. Bitumen market segmentation
3.2. Bitumen market size and growth prospects, 2013 - 2024
3.3. Bitumen market value chain analysis
3.3.1. Vendor landscape
3.4. Raw material outlook
3.5. Technology overview
3.6. Regulatory framework
3.7. Bitumen market dynamics
3.7.1. Market driver analysis
3.7.1.1. Increasing infrastructural activities
3.7.1.2. Increasing applications of polymer modified bitumen (PMB)
3.7.2. Market restraint analysis
3.7.2.1. Substitutional threat from concrete
3.8. Bitumen market key opportunities prioritized
3.9. Bitumen market Porter's analysis
3.10. Bitumen company market share Analysis, 2015
3.11. Bitumen market PESTEL analysis
Chapter 4. Bitumen Application Outlook
4.1. Global bitumen market share by application, 2015 & 2024
4.2. Roadways
4.2.1. Market estimates and forecast, 2013 - 2024
4.2.2. Market estimates and forecast, by region, 2013 - 2024
4.3. Waterproofing
4.3.1. Market estimates and forecast, 2013 - 2024
4.3.2. Market estimates and forecast, by region, 2013 - 2024
4.4. Adhesives
4.4.1. Market estimates and forecast, 2013 - 2024
4.4.2. Market estimates and forecast, by region, 2013 - 2024
4.5. Insulation
4.5.1. Market estimates and forecast, 2013 - 2024
4.5.2. Market estimates and forecast, by region, 2013 - 2024
4.6. Others
4.6.1. Market estimates and forecast, 2013 - 2024
4.6.2. Market estimates and forecast, by region, 2013 - 2024
Chapter 5. Bitumen Regional Outlook
5.1. Global bitumen market share by region, 2015 & 2024
5.2. North America
5.2.1. Market estimates and forecast, 2013 - 2024
5.2.2. Market estimates and forecast by application, 2013 - 2024
5.2.3. U.S.
5.2.3.1. Market estimates and forecast, 2013 - 2024
5.2.3.2. Market estimates and forecast by application, 2013 - 2024
5.3. Europe
5.3.1. Market estimates and forecast, 2013 - 2024
5.3.2. Market estimates and forecast by application, 2013 - 2024
5.3.3. Russia
5.3.3.1. Market estimates and forecast, 2013 - 2024
5.3.3.2. Market estimates and forecast by application, 2013 - 2024
5.3.4. Germany
5.3.4.1. Market estimates and forecast, 2013 - 2024
5.3.4.2. Market estimates and forecast by application, 2013 - 2024
5.3.5. France
5.3.5.1. Market estimates and forecast, 2013 - 2024
5.3.5.2. Market estimates and forecast by application, 2013 - 2024
5.3.6. Turkey
5.3.6.1. Market estimates and forecast, 2013 - 2024
5.3.6.2. Market estimates and forecast by application, 2013 - 2024
5.4. Asia Pacific
5.4.1. Market estimates and forecast, 2013 - 2024
5.4.2. Market estimates and forecast by application, 2013 - 2024
5.4.3. China
5.4.3.1. Market estimates and forecast, 2013 - 2024
5.4.3.2. Market estimates and forecast by application, 2013 - 2024
5.4.4. India
5.4.4.1. Market estimates and forecast, 2013 - 2024
5.4.4.2. Market estimates and forecast by application, 2013 - 2024
5.5. Latin America
5.5.1. Market estimates and forecast, 2013 - 2024
5.5.2. Market estimates and forecast by application, 2013 - 2024
5.5.3. Brazil
5.5.3.1. Market estimates and forecast, 2013 - 2024
5.5.3.2. Market estimates and forecast by application, 2013 - 2024
5.6. MEA
5.6.1. Market estimates and forecast, 2013 - 2024
5.6.2. Market estimates and forecast by application, 2013 - 2024
5.6.3. Saudi Arabia
5.6.3.1. Market estimates and forecast, 2013 - 2024
5.6.3.2. Market estimates and forecast by application, 2013 - 2024
Chapter 6. Competitive Landscape
6.1. Shell Bitumen
6.1.1. Company Overview
6.1.2. Financial Performance
6.1.3. Product Benchmarking
6.1.4. Strategic Initiatives
6.2. NuStar Energy
6.2.1. Company Overview
6.2.2. Financial Performance
6.2.3. Product Benchmarking
6.2.4. Strategic Initiatives
6.3. Exxon Mobil
6.3.1. Company Overview
6.3.2. Financial Performance
6.3.3. Product Benchmarking
6.3.4. Strategic Initiatives
6.4. Marathon Oil Corporation
6.4.1. Company Overview
6.4.2. Financial Performance
6.4.3. Product Benchmarking
6.4.4. Strategic Initiatives
6.5. Valero Energy Corporation
6.5.1. Company Overview
6.5.2. Financial Performance
6.5.3. Product Benchmarking
6.5.4. Strategic Initiatives
6.6. Nynas AB
6.6.1. Company Overview
6.6.2. Financial Performance
6.6.3. Product Benchmarking
6.6.4. Strategic Initiatives
6.7. Petróleos Mexicanos (PEMEX)
6.7.1. Company Overview
6.7.2. Financial Performance
6.7.3. Product Benchmarking
6.7.4. Strategic Initiatives
6.8. Indian Oil Corporation
6.8.1. Company Overview
6.8.2. Financial Performance
6.8.3. Product Benchmarking
6.8.4. Strategic Initiatives
6.9. Chevron Texaco Corporation
6.9.1. Company Overview
6.9.2. Financial Performance
6.9.3. Product Benchmarking
6.9.4. Strategic Initiatives
6.10. Villas Austria GmbH
6.10.1. Company Overview
6.10.2. Financial Performance
6.10.3. Product Benchmarking
6.10.4. Strategic Initiatives
6.11. Nippon Oil Corporation
6.11.1. Company Overview
6.11.2. Financial Performance
6.11.3. Product Benchmarking
6.11.4. Strategic Initiatives
6.12. Sinopec
6.12.1. Company Overview
6.12.2. Financial Performance
6.12.3. Product Benchmarking
6.12.4. Strategic Initiatives
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List of Tables
1. Bitumen- Industry Summary & Key Buying Criteria, 2013 - 2024
2. Global bitumen market, 2013 - 2024 (Kilo Tons) (USD Million)
3. Global bitumen market volume, by region, 2013 - 2024 (Kilo Tons)
4. Global bitumen market revenue, by region, 2013 - 2024 (USD Million)
5. Global bitumen market volume, by application, 2013 - 2024 (Kilo Tons)
6. Global bitumen market revenue, by application, 2013 - 2024 (USD Million)
7. Vendor landscape
8. Bitumen- Key market driver analysis
9. Bitumen- Key market restraint analysis
10. Global bitumen market estimates and forecast by application, 2013 - 2024 (Kilo Tons) (USD
Million)
11. Global bitumen market estimates and forecast in roadways, 2013 - 2024 (Kilo Tons) (USD
Million)
12. Global bitumen market volume estimates and forecast in roadways, by region, 2013 - 2024
(Kilo Tons)
13. Global bitumen market revenue estimates and forecast in roadways, by region, 2013 - 2024
(USD Million)
14. Global bitumen market estimates and forecast in waterproofing, 2013 - 2024 (Kilo Tons)
(USD Million)
15. Global bitumen market volume estimates and forecast in waterproofing, by region, 2013 2024 (Kilo Tons)
16. Global bitumen market revenue estimates and forecast in waterproofing, by region, 2013 2024 (USD Million)
17. Global bitumen market estimates and forecast in adhesives, 2013 - 2024 (Kilo Tons) (USD
Million)
18. Global bitumen market volume estimates and forecast in adhesives, by region, 2013 - 2024
(Kilo Tons)
19. Global bitumen market revenue estimates and forecast adhesives, by region, 2013 - 2024
(USD Million)
20. Global bitumen market estimates and forecast in insulation, 2013 - 2024 (Kilo Tons) (USD
Million)
21. Global bitumen market volume estimates and forecast in insulation, by region, 2013 - 2024
(Kilo Tons)
22. Global bitumen market revenue estimates and forecast in insulation, by region, 2013 - 2024
(USD Million)
23. Global bitumen market volume estimates and forecast in other applications, by region, 2013 2024 (Kilo Tons)
24. Global bitumen market revenue estimates and forecast in other applications, by region, 2013
- 2024 (USD Million)
25. Global bitumen market estimates and forecast by region, 2013 - 2024 (Kilo Tons) (USD
Million)
26. North America bitumen market estimates and forecast, 2013 - 2024 (Kilo Tons) (USD
Million)
27. North America bitumen market volume estimates and forecast by application, 2013 - 2024
(Kilo Tons)
28. North America bitumen market revenue estimates and forecast by application, 2013 - 2024
(USD Million)
29. U.S. bitumen market estimates and forecast, 2013 - 2024 (Kilo Tons) (USD Million)
30. U.S. bitumen market volume estimates and forecast by application, 2013 - 2024 (Kilo Tons)
31. U.S. bitumen market revenue estimates and forecast by application, 2013 - 2024 (USD
Million)
32. Europe bitumen market estimates and forecast, 2013 - 2024 (Kilo Tons) (USD Million)
33. Europe bitumen market volume estimates and forecast by application, 2013 - 2024 (Kilo
Tons)
34. Europe bitumen market revenue estimates and forecast by application, 2013 - 2024 (USD
Million)
35. Russia bitumen market estimates and forecast, 2013 - 2024 (Kilo Tons) (USD Million)
36. Russia bitumen market volume estimates and forecast by application, 2013 - 2024 (Kilo
Tons)
37. Russia bitumen market revenue estimates and forecast by application, 2013 - 2024 (USD
Million)
38. Germany bitumen market estimates and forecast, 2013 - 2024 (Kilo Tons) (USD Million)
39. Germany bitumen market volume estimates and forecast by application, 2013 - 2024 (Kilo
Tons)
40. Germany bitumen market revenue estimates and forecast by application, 2013 - 2024 (USD
Million)
41. France bitumen market estimates and forecast, 2013 - 2024 (Kilo Tons) (USD Million)
42. France bitumen market volume estimates and forecast by application, 2013 - 2024 (Kilo
Tons)
43. France bitumen market revenue estimates and forecast by application, 2013 - 2024 (USD
Million)
44. Turkey bitumen market estimates and forecast, 2013 - 2024 (Kilo Tons) (USD Million)
45. Turkey bitumen market volume estimates and forecast by application, 2013 - 2024 (Kilo
Tons)
46. Turkey bitumen market revenue estimates and forecast by application, 2013 - 2024 (USD
Million)
47. Asia Pacific bitumen market estimates and forecast, 2013 - 2024 (Kilo Tons) (USD Million)
48. Asia Pacific bitumen market volume estimates and forecast by application, 2013 - 2024 (Kilo
Tons)
49. Asia Pacific bitumen market revenue estimates and forecast by application, 2013 - 2024
(USD Million)
50. China bitumen market estimates and forecast, 2013 - 2024 (Kilo Tons) (USD Million)
51. China bitumen market volume estimates and forecast by application, 2013 - 2024 (Kilo Tons)
52. China bitumen market revenue estimates and forecast by application, 2013 - 2024 (USD
Million)
53. India bitumen market estimates and forecast, 2013 - 2024 (Kilo Tons) (USD Million)
54. India bitumen market volume estimates and forecast by application, 2013 - 2024 (Kilo Tons)
55. India bitumen market revenue estimates and forecast by application, 2013 - 2024 (USD
Million
56. Latin America bitumen market estimates and forecast, 2013 - 2024 (Kilo Tons) (USD
Million)
57. Latin America bitumen market volume estimates and forecast by application, 2013 - 2024
(Kilo Tons)
58. Latin America bitumen market revenue estimates and forecast by application, 2013 - 2024
(USD Million)
59. Brazil bitumen market estimates and forecast, 2013 - 2024 (Kilo Tons) (USD Million)
60. Brazil bitumen market volume estimates and forecast by application, 2013 - 2024 (Kilo
Tons)
61. Brazil bitumen market revenue estimates and forecast by application, 2013 - 2024 (USD
Million)
62. MEA bitumen market estimates and forecast, 2013 - 2024 (Kilo Tons) (USD Million)
63. MEA bitumen market volume estimates and forecast by application, 2013 - 2024 (Kilo Tons)
64. MEA bitumen market revenue estimates and forecast by application, 2013 - 2024 (USD
Million)
65. Saudi Arabia bitumen market estimates and forecast, 2013 - 2024 (Kilo Tons) (USD Million)
66. Saudi Arabia bitumen market volume estimates and forecast by application, 2013 - 2024
(Kilo Tons)
67. Saudi Arabia bitumen market revenue estimates and forecast by application, 2013 - 2024
(USD Million)
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List of Figures
1. Bitumen market segmentation
2. Bitumen market, 2013 - 2024 (Kilo Tons) (USD Million)
3. Bitumen value chain analysis
4. Bitumen market dynamics
5. Bitumen market key opportunities prioritized
6. Bitumen market Porter's analysis
7. Bitumen company market share, 2016
8. Bitumen market PESTEL analysis
9. Global bitumen market volume share by application, 2015 & 2024
10. Global bitumen market volume share by region, 2015 & 2024
Further key findings from the report suggest:
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Europe bitumen market is expected to grow at a CAGR of 1.8% from 2016 to 2024 in
terms of volume. Turkey is projected to be a key market for the product on account of
increasing infrastructure spending by the government over the past few years.
Asia Pacific is expected to be the fastest growing market and is expected to witness gains
at a CAGR of 3.0% from 2016 to 2024 in terms of volume. Government initiatives to
construct roads to access rural areas is projected to propel demand for bitumen over the
forecast period.
Bitumen demand in roadways was 62,716.8 kilo tons in 2015. The intervention of various
government policies such as FDI is expected to drive the Indian construction industry.
The increasing trend of using paving techniques including micro-surfacing on heavy
traffic roads is contributing towards PMB demand. This trend is supposed to continue
over the forecast period.
The increasing need to provide cost effective solutions for roofing applications is
expected to influence the growth of bitumen over the forecast period. Increasing need for
waterproofing solutions across the globe is projected to propel growth. Demand for the
product in roofing solutions is likely to account for 21.4% of the overall volume by 2024.
Key industry players including Marathon Oil Corporation, Nynas AB, ExxonMobil,
Nippon Oil Corporation, Indian Oil Corporation, Sinopec, Petróleos Mexicanos, Shell
Bitumen. Companies including Syncrude, Imperial Oil Limited, Athabasca Oil
Corporation, Suncor Energy, NuStar Energy and Valero Energy Corporation produce
crude bitumen from oil sands.
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Grand View Research has segmented the global bitumen market on the basis of application and
region:
Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)


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Roadways
Waterproofing
Adhesives
Insulation
Others
Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)



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North America
 U.S.
Europe
 Russia
 Germany
 France
 Turkey
Asia Pacific
 China
 India
Latin America
 Brazil
MEA
 Saudi Arabia
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About Grand View Research
Grand View Research, Inc. is a market research and consulting company that provides off-theshelf, customized research reports and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and fact-based research
across a range of industries, from technology to chemicals, materials and energy. With a deepseated understanding of varied business environments, Grand View Research provides strategic
objective insights.
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United States
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