India bitumen market is anticipated to grow at an impressive rate during the forecast period on account of growing demand for road construction and waterproofing applications. Bitumen acts as binder in the construction and roofing applications. Bitumen in India is heated onsite in drums which causes environmental pollution. As a result, the government of India has issued regulations and instructions to provide methods in order to reduce environmental problems in the handling of bitumen.

Bitumen market in India can be segmented based on product type, viscosity grade, application and region. Based on application, the market can be segmented into roadways, waterproofing, adhesives, insulation, and others. Roadways accounted for the largest share in 2018 and the trend is likely to continue in the forthcoming years as well on account of growing demand for construction and renovation activities. Additionally, proposed construction projects by the government of India are further propelling the growth of roadways segment.

More than 90% of the bitumen used in the country is produced by leading local manufacturers operating in the market. Major players operating in the country include Bharat Petroleum Corp Ltd., Indian Oil Corporation Limited, Hindustan Colas Ltd., Nyara Energy Ltd (Essar Oil), Mangalore Refinery & Petrochemical Ltd, AICL, Tiki Tar Industries, JAI BITUMEN, Exxon Mobil, Raha Bitumen, among others. The companies operating in the market are using inorganic strategies such as product launch and collaboration in order to increase their share in the market.

Years considered for this report:

Historical Year: 2014-2017

Base Year: 2018

Estimated Year: 2019

Forecast Period: 2020–2024

Objective of the Study:

·         To assess the demand for bitumen in India

·         To analyze and forecast the market size of bitumen market across the country.

·         To classify and forecast India bitumen market on the basis of product type, viscosity grade, application, region and company.

·         To identify drivers and challenges for India bitumen market.

·         To identify market trends and developments in India bitumen market.

·         To identify and analyze the profile of leading players involved in India bitumen market.

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In order to perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of bitumen manufacturers and companies currently invested in the market and operating in different regions across the country. Subsequently, TechSci Research conducted primary research surveys, which included primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, TechSci Research was able to include system manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed service offerings, regional network, and regional presence of all major companies across the country.

TechSci Research calculated the market size for India bitumen market by using a bottom-up technique, wherein the value service data for different vehicle type was recorded as well as forecast for the future years. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical data of respective companies to arrive at the overall market size. Multiple secondary sources such as directories, databases such as, SIAM, SMEV, World Bank, Company Websites, company annual reports, white papers, investor presentations and financial reports were also studied by TechSci Research.


Key Target Audience:

  • Bitumen manufacturers, distributors and other stakeholders
  • Associations, organizations, forums and alliances related to Bitumen
  • Government bodies such as regulating authorities and policymakers
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Bitumen manufacturers, customers and policymakers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.

Report Scope:

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

·         Market By Product Type: 

o    Penetration

o    Oxidized/Blown

o    Cutback

o    Emulsion

o    Polymer Modified Binders


·         Market By Viscosity Grade: 

o    VG 10

o    VG 30

o    VG 40

o    Others


·         Market By Application: 

o    Roadways

o    Waterproofing

o    Adhesives

o    Insulation

o    Others


·         Market By Region:

o    North

o    South

o    East

o    West


Competitive Landscape

Company Profiles: Detailed analysis of the major companies operating in India 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.

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

1.     Product Overview

2.     Research Methodology

3.     Executive Summary

4.     Voice of Customer

5.     India Bitumen Market Outlook

5.1.   Market Size & Forecast

5.1.1. By Value & Volume

5.2.   Market Share & Forecast

5.2.1. By Product Type (Penetration, Oxidized/Blown, Cutback, Emulsion, Polymer Modified Binders)

5.2.2. By Viscosity Grade (VG10, VG 30, VG40 & Others)

5.2.3. By Application (Roadways, Waterproofing, Adhesives, Insulation, Others)

5.2.4. By Region (North, South, East, West)

5.2.5. By Company (2018)

5.3.   Market Attractiveness Index

6.     North India Bitumen Market Outlook

6.1.   Market Size & Forecast

6.1.1. By Value & Volume          

6.2.   Market Share & Forecast

6.2.1. By Product Grade

6.2.2. By Viscosity Grade

6.2.3. By Application

6.2.4. By Company

7.     West India Bitumen Market Outlook

7.1.   Market Size & Forecast

7.1.1. By Value & Volume          

7.2.   Market Share & Forecast

7.2.1. By Product Grade

7.2.2. By Viscosity Grade

7.2.3. By Application

7.2.4. By Company

8.     South India Bitumen Market Outlook

8.1.   Market Size & Forecast

8.1.1. By Value & Volume          

8.2.   Market Share & Forecast

8.2.1. By Product Grade

8.2.2. By Viscosity Grade

8.2.3. By Application

8.2.4. By Company

9.     East India Bitumen Market Outlook

9.1.   Market Size & Forecast

9.1.1. By Value & Volume          

9.2.   Market Share & Forecast

9.2.1. By Product Grade

9.2.2. By Viscosity Grade

9.2.3. By Application

9.2.4. By Company

10.  Market Dynamics

10.1.              Drivers

10.2.              Challenges

11.  Market Trends & Developments

12.  Policy & Regulatory Landscape

13.  Import Export Analysis

13.1.              By Top 10 Countries (Value & Volume)

14.  India Economic Profile

15.  Competitive Landscape

15.1.              Bharat Petroleum Corp Ltd

15.2.              Indian Oil Corporation Limited

15.3.              Hindustan Colas Ltd.

15.4.              Nyara Energy Ltd (Essar Oil)

15.5.              Mangalore Refinery & Petrochemical Ltd

15.6.              AICL

15.7.              Tiki Tar Industries

15.8.              JAI BITUMEN

15.9.              Exxon Mobil

15.10.            Raha Bitumen

16.  Strategic Recommendations

17.  About Us & Disclaimer

 (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