Global bitumen market was valued at over $ 44.7 billion in 2018 and is poised to grow at CAGR of over 6% during forecast period. Growth of the market is led by increasing investments by the governments of different economies for the maintenance & repair and construction of roads. Roads made with bitumen have high viscosity, stickiness and water resistance, which is stimulating its adoption for road construction. Additionally, hydrocarbon mixture due to its water proofing properties, also finds application in water tank manufacturing, tennis courts, runways and barn floors, among others. However, release of toxic gases due to the heating of bitumen and cement as an alternative for bitumen for the construction, is impeding the growth of the market.

Global bitumen market can be segmented based on product grade, application and region. In terms of product grade, the market can be segmented into paving, industrial and polymer modified. Of all, paving product grade dominates global bitumen market and the trend is likely to maintain its dominance during forecast period as well. However, polymer modified segment is anticipated to witness the fastest CAGR during forecast period due to its growing usage in industrial applications and road surfacing. Addition of polymers to the bitumen enhances the resistance to deformation of the mixture, which is further anticipated to promote the growth of this segment over the coming years.   

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

Major players operating in global bitumen market include China National Petroleum Corporation (CNPC), Indian Oil Corporation Limited (IOCL), Total S.A., Exxon Mobil Corporation, Royal Dutch Shell Plc, Sinopec, Valero Energy Corporation, Bouygues S.A., NuStar Energy L.P., Villas Austria GmbH, Marathon Oil Corporation, Nynas AB, Kraton Corporation, etc., are some of the leading players operating in global bitumen market. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.

Years considered for this report:

Historical Years: 2014-2017

Base Year: 2018

Estimated Year: 2019

Forecast Period: 2020–2024

Objective of the Study:

  • To analyze and forecast the market size of global bitumen market.
  • To classify and forecast global bitumen market based on product grade, application and regional distribution.
  • To identify drivers and challenges for global bitumen market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global bitumen market.
  • To conduct pricing analysis for global bitumen market.
  • To identify and analyze the profile of leading players operating in global bitumen market.


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Some of the leading players in global bitumen market are China National Petroleum Corporation (CNPC), Indian Oil Corporation Limited (IOCL), Total S.A., Exxon Mobil Corporation, Royal Dutch Shell Plc, Sinopec, Valero Energy Corporation, Bouygues S.A., NuStar Energy L.P., Villas Austria GmbH, Marathon Oil Corporation, Nynas AB, Kraton Corporation, etc.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.

TechSci Research calculated the market size of global bitumen market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.


Key Target Audience:

  • Road construction and repair companies
  • Research organizations and consulting companies
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to Bitumen

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, global bitumen market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, By Product Grade:
    • Paving
    • Industrial
    • Polymer Modified
  • Market, By Application:
    • Paving
    • Roofing
    • Others
  • Market, By Region:
    • Asia-Pacific
      • China
      • India 
      • Japan
      • South Korea
      • Australia
      • Indonesia
    • Europe
      • Russia
      • France
      • Germany
      • United Kingdom
      • Italy
    • North America
      • United States
      • Canada
      • Mexico
    • South America
      • Brazil
      • Venezuela
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • UAE
      • Qatar

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global bitumen market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Voice of Customer

4.1.  Factors to be considered for product selection

4.2.  Factors influencing purchase decision

4.3.  Challenges/issues faced post purchase

4.4.  Unmet needs

5.    Global Bitumen Industry Overview

6.    Global Bitumen Market Outlook

6.1.  Market Size and Forecast

6.1.1.   By Value

6.1.2.   By Volume

6.2.  Market Share and Forecast

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

6.2.2.   By Application (Paving, Roofing, Others)

6.2.3.   By Company

6.2.4.   By Region

6.3.    Market Attractive Index

7.    Asia-Pacific Bitumen Market Outlook

7.1.   Market Size and Forecast

7.1.1.   By Value

7.1.2.   By Volume

7.2.  Market Share & Forecast

7.2.1.   By Product Grade

7.2.2.   By Application

7.2.3.   By Country

7.3.  China Bitumen Market Outlook

7.3.1.   Market Size and Forecast

7.3.1.1.               By Value

7.3.1.2.               By Volume

7.3.2.   Market Share and Forecast

7.3.2.1.                By Product Grade

7.3.2.2.                By Application                                    

7.4.  India Bitumen Market Outlook

7.4.1.    Market Size and Forecast

7.4.1.1.               By Value

7.4.1.2.               By Volume

7.4.2.    Market Share and Forecast

7.4.2.1.                By Product Grade

7.4.2.2.                By Application

7.5.   Japan Bitumen Market Outlook

7.5.1.    Market Size and Forecast

7.5.1.1.               By Value

7.5.1.2.               By Volume

7.5.2.    Market Share and Forecast

7.5.2.1.                By Product Grade

7.5.2.2.                By Application

7.6.  South Korea Bitumen Market Outlook

7.6.1.    Market Size and Forecast

7.6.1.1.               By Value

7.6.1.2.               By Volume

7.6.2.    Market Share and Forecast

7.6.2.1.                By Product Grade

7.6.2.2.                By Application

7.7.  Australia Bitumen Market Outlook

7.7.1.    Market Size and Forecast

7.7.1.1.               By Value

7.7.1.2.               By Volume

7.7.2.    Market Share and Forecast

7.7.2.1.                By Product Grade

7.7.2.2.                By Application

7.8.  Indonesia Bitumen Market Outlook

7.8.1.    Market Size and Forecast

7.8.1.1.               By Value

7.8.1.2.               By Volume

7.8.2.    Market Share and Forecast

7.8.2.1.                By Product Grade

7.8.2.2.                By Application

8.    Europe Bitumen Market Outlook

8.1.   Market Size and Forecast

8.1.1.   By Value and Volume

8.2.  Market Share & Forecast

8.2.1.   By Product Grade

8.2.2.   By Application

8.2.3.   By Country

8.3.   Russia Bitumen Market Outlook

8.3.1.   Market Size and Forecast

8.3.1.1.               By Value

8.3.1.2.               By Volume

8.3.2.   Market Share and Forecast

8.3.2.1.                By Product Grade

8.3.2.2.                By Application                                    

8.4.  France Bitumen Market Outlook

8.4.1.    Market Size and Forecast

8.4.1.1.               By Value

8.4.1.2.               By Volume

8.4.2.    Market Share and Forecast

8.4.2.1.                By Product Grade

8.4.2.2.                By Application

8.5.  Germany Bitumen Market Outlook

8.5.1.    Market Size and Forecast

8.5.1.1.               By Value

8.5.1.2.               By Volume

8.5.2.    Market Share and Forecast

8.5.2.1.                By Product Grade

8.5.2.2.                By Application

8.6.   United Kingdom Bitumen Market Outlook

8.6.1.    Market Size and Forecast

8.6.1.1.               By Value

8.6.1.2.               By Volume

8.6.2.    Market Share and Forecast

8.6.2.1.                By Product Grade

8.6.2.2.                By Application

8.7.  Italy Bitumen Market Outlook

8.7.1.    Market Size and Forecast

8.7.1.1.               By Value

8.7.1.2.               By Volume

8.7.2.    Market Share and Forecast

8.7.2.1.                By Product Grade

8.7.2.2.                By Application

9.    North America Bitumen Market Outlook

9.1.   Market Size and Forecast

9.1.1.   By Value

9.1.2.   By Volume

9.2.  Market Share & Forecast

9.2.1.   By Product Grade

9.2.2.   By Application

9.2.3.   By Country

9.3.   United States Bitumen Market Outlook

9.3.1.   Market Size and Forecast

9.3.1.1.               By Value

9.3.1.2.               By Volume

9.3.2.   Market Share and Forecast

9.3.2.1.                By Product Grade

9.3.2.2.                By Application

9.4.  Canada Bitumen Market Outlook

9.4.1.   Market Size and Forecast

9.4.1.1.               By Value

9.4.1.2.               By Volume

9.4.2.   Market Share and Forecast

9.4.2.1.                By Product Grade

9.4.2.2.                By Application

9.5.  Mexico Bitumen Market Outlook

9.5.1.   Market Size and Forecast

9.5.1.1.               By Value

9.5.1.2.               By Volume

9.5.2.   Market Share and Forecast

9.5.2.1.                By Product Grade

9.5.2.2.                By Application

10.   South America Bitumen Market Outlook

10.1.           Market Size and Forecast

10.1.1.                By Value

10.1.2.                By Volume

10.2.          Market Share & Forecast

10.2.1.                By Product Grade

10.2.2.                By Application

10.2.3.                By Country

10.3.            Brazil Bitumen Market Outlook

10.3.1.                Market Size and Forecast

10.3.1.1.            By Value

10.3.1.2.            By Volume

10.3.2.                Market Share and Forecast

10.3.2.1.             By Product Grade

10.3.2.2.             By Application

10.4.            Venezuela Bitumen Market Outlook

10.4.1.                Market Size and Forecast

10.4.1.1.            By Value

10.4.1.2.            By Volume

10.4.2.                Market Share and Forecast

10.4.2.1.             By Product Grade

10.4.2.2.             By Application

10.5.          Argentina Bitumen Market Outlook

10.5.1.                Market Size and Forecast

10.5.1.1.            By Value

10.5.1.2.            By Volume

10.5.2.                Market Share and Forecast

10.5.2.1.             By Product Grade

10.5.2.2.             By Application

11.  Middle East & Africa Bitumen Market Outlook

11.1.           Market Size and Forecast

11.1.1.                By Value

11.1.2.                By Volume

11.2.          Market Share & Forecast

11.2.1.                By Product Grade

11.2.2.                By Application

11.2.3.                By Country

11.3.           Saudi Arabia Bitumen Market Outlook

11.3.1.                Market Size and Forecast

11.3.1.1.            By Value

11.3.1.2.            By Volume

11.3.2.                Market Share and Forecast

11.3.2.1.             By Product Grade

11.3.2.2.             By Application

11.4.          South Africa Bitumen Market Outlook

11.4.1.                Market Size and Forecast

11.4.1.1.            By Value

11.4.1.2.            By Volume

11.4.2.                Market Share and Forecast

11.4.2.1.             By Product Grade

11.4.2.2.             By Application

11.5.           UAE Bitumen Market Outlook

11.5.1.                Market Size and Forecast

11.5.1.1.            By Value

11.5.1.2.            By Volume

11.5.2.                Market Share and Forecast

11.5.2.1.             By Product Grade

11.5.2.2.             By Application

11.6.          Qatar Bitumen Market Outlook

11.6.1.                Market Size and Forecast

11.6.1.1.            By Value

11.6.1.2.            By Volume

11.6.2.                Market Share and Forecast

11.6.2.1.             By Product Grade

11.6.2.2.             By Application

12.   Market Dynamics

12.1.           Drivers

12.2.           Challenges

13.  Market Trends & Developments

14.  Pricing Analysis

15.  Competitive Landscape

15.1.          Competition Benchmarking

15.2.          Company Profiles (Leading companies)

15.2.1.                CNPC

15.2.2.                IOCL

15.2.3.                Total S.A.

15.2.4.                Exxon Mobil

15.2.5.                Valero Energy Corporation

15.2.6.                Royal Dutch Shell Plc

15.2.7.                JX Nippon Oil & Energy Corporation

15.2.8.                 Mexican oil

15.2.9.                Bouygues S.A.

15.2.10.              NuStar Energy L.P

16.   Strategic Recommendations 

 (Note: The companies list can be customized based on the client requirements)

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

  • List of Figures

    List of Figures

    Figure 1: Global Bitumen Market Size, By Value, 2014-2024F (USD Million)

    Figure 2: Global Bitumen Market Size, By Volume, 2014-2024F (‘000 Tons)

    Figure 3: Global Bitumen Market Share, By Product Grade, By Value, 2014-2024F

    Figure 4: Global Bitumen Market Share, By Application, By Value, 2014-2024F

    Figure 5: Global Bitumen Market Share, By Region, By Value, 2014-2024F

    Figure 6: Global Bitumen Market Share, By Company, By Value, 2018

    Figure 7: Global Bitumen Market Attractiveness Index, By Product Grade, By Value, 2019E-2024F

    Figure 8: Global Bitumen Market Attractiveness Index, By Region, By Value, 2019E-2024F

    Figure 9: Asia Pacific Bitumen Market Size, By Value, 2014-2024F (USD Million)

    Figure 10: Asia Pacific Bitumen Market Size, By Volume, 2014-2024F (Million Unit)

    Figure 11: Asia Pacific Bitumen Market Share, By Product grade, By Value, 2014-2024F

    Figure 13: Asia Pacific Bitumen Market Share, By Application, By Value, 2014-2024F

    Figure 14: Asia Pacific Bitumen Market Share, By Country, By Value, 2014-2024F

    Figure 16: China Bitumen Market Size, By Value, 2014-2024F (USD Million)

    Figure 17: China Bitumen Market Share, By Application, By Value, 2014-2024F

    Figure 18: India Bitumen Market Size, By Value, 2014-2024F (USD Million)

    Figure 19: India Bitumen Market Share, By Application, By Value, 2014-2024F

    Figure 20: Japan Bitumen Market Size, By Value, 2014-2024F (USD Million)

    Figure 21: Japan Bitumen Market Share, By Application, By Value, 2014-2024F

    Figure 22: South Korea Bitumen Market Size, By Value, 2014-2024F (USD Million)

    Figure 23: South Korea Bitumen Market Share, By Application, By Value, 2014-2024F

    Figure 24: Australia Bitumen Market Size, By Value, 2014-2024F (USD Million)

    Figure 25: Australia Bitumen Market Share, By Application, By Value, 2014-2024F

    Figure 26: Indonesia Bitumen Market Size, By Value, 2014-2024F (USD Million)

    Figure 27: Indonesia Bitumen Market Share, By Application, By Value, 2014-2024F

    Figure 28: Europe Bitumen Market Size, By Value, 2014-2024F (USD Million)

    Figure 29: Europe Bitumen Market Size, By Volume, 2014-2024F (Million Unit)

    Figure 30: Europe Bitumen Market Share, By Product grade, By Value, 2014-2024F

    Figure 31: Europe Bitumen Market Share, By Application, By Value, 2014-2024F

    Figure 32: Europe Bitumen Market Share, By Country, By Value, 2014-2024F

    Figure 33: Russia Bitumen Market Size, By Value, 2014-2024F (USD Million)

    Figure 34: Russia Bitumen Market Share, By Application, By Value, 2014-2024F

    Figure 35: France Bitumen Market Size, By Value, 2014-2024F (USD Million)

    Figure 36: France Bitumen Market Share, By Application, By Value, 2014-2024F

    Figure 37: Germany Bitumen Market Size, By Value, 2014-2024F (USD Million)

    Figure 38: Germany Bitumen Market Share, By Application, By Value, 2014-2024F

    Figure 39: United Kingdom Bitumen Market Size, By Value, 2014-2024F (USD Million)

    Figure 40: United Kingdom Bitumen Market Share, By Application, By Value, 2014-2024F

    Figure 41: Italy Bitumen Market Size, By Value, 2014-2024F (USD Million)

    Figure 42: Italy Bitumen Market Share, By Application, By Value, 2014-2024F

    Figure 43: North America Bitumen Market Size, By Value, 2014-2024F (USD Million)

    Figure 44: North America Bitumen Market Size, By Volume, 2014-2024F (Million Unit)

    Figure 45: North America Bitumen Market Share, By Product grade, By Value, 2014-2024F

    Figure 46: North America Bitumen Market Share, By Application, By Value, 2014-2024F

    Figure 47: North America Bitumen Market Share, By Country, By Value, 2014-2024F

    Figure 48: United States Bitumen Market Size, By Value, 2014-2024F (USD Million)

    Figure 49: United States Bitumen Market Share, By Application, By Value, 2014-2024F

    Figure 50: Canada Bitumen Market Size, By Value, 2014-2024F (USD Million)

    Figure 51: Canada Bitumen Market Share, By Application, By Value, 2014-2024F

    Figure 52: Mexico Bitumen Market Size, By Value, 2014-2024F (USD Million)

    Figure 52: Mexico Bitumen Market Size, By Application, 2014-2024F (USD Million)

    Figure 53: South America Bitumen Market Size, By Value, 2014-2024F (USD Million)

    Figure 54: South America Bitumen Market Size, By Volume, 2014-2024F (Million Unit)

    Figure 55: South America Bitumen Market Share, By Product grade, By Value, 2014-2024F

    Figure 56: South America Bitumen Market Share, By Application, By Value, 2014-2024F

    Figure 57: South America Bitumen Market Share, By Country, By Value, 2014-2024F

    Figure 58: Brazil Bitumen Market Size, By Value, 2014-2024F (USD Million)

    Figure 59: Brazil Bitumen Market Share, By Application, By Value, 2014-2024F

    Figure 60: Venezuela Bitumen Market Size, By Value, 2014-2024F (USD Million)

    Figure 61: Venezuela Bitumen Market Share, By Application, By Value, 2014-2024F

    Figure 62: Argentina Bitumen Market Size, By Value, 2014-2024F (USD Million)

    Figure 62: Argentina Bitumen Market Size, By Application, 2014-2024F (USD Million)

    Figure 63: Middle East & Africa Bitumen Market Size, By Value, 2014-2024F (USD Million)

    Figure 64: Middle East & Africa Bitumen Market Size, By Volume, 2014-2024F (Million Unit)

    Figure 65: Middle East & Africa Bitumen Market Share, By Product grade, By Value, 2014-2024F

    Figure 66: Middle East & Africa Bitumen Market Share, By Application, By Value, 2014-2024F

    Figure 67: Middle East & Africa Bitumen Market Share, By Country, By Value, 2014-2024F

    Figure 68: Saudi Arabia Bitumen Market Size, By Value, 2014-2024F (USD Million)

    Figure 69: Saudi Arabia Bitumen Market Share, By Application, By Value, 2014-2024F

    Figure 70: South Africa Bitumen Market Size, By Value, 2014-2024F (USD Million)

    Figure 71: South Africa Bitumen Market Share, By Application, By Value, 2014-2024F

    Figure 72: UAE Bitumen Market Size, By Value, 2014-2024F (USD Million)

    Figure 73: UAE Bitumen Market Size, By Application, 2014-2024F (USD Million)

    Figure 74: Qatar Bitumen Market Size, By Value, 2014-2024F (USD Million)

    Figure 75: Qatar Bitumen Market Size, By Application, 2014-2024F (USD Million)