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Published Date: 2014-09-09Number of Pages: 102

Bitumen Market (Product - Paving Bitumen, Oxidized Bitumen, Cutback Bitumen, Bitumen Emulsion, Polymer Modified Bitumen, and Bitumen Formed Due to Addition of Zinc and Copper; Application - Roadways, Waterproofing, Adhesives, Insulation, Decorative, and Industrial) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2020

Global Bitumen Market: Overview

The global bitumen market is projected to stand on the rising infrastructure activities in both developed and emerging countries. Most of these activities are carried out for the purpose of improving road networks. Over a period of six years, the global market is anticipated to drive a colossal demand with an augment in construction activities pertinent to housing and development, commercial installations, and industrial enhancement. The demand is expected to swell further as the polymer modified bitumen (PMB) application segment gains prominence in the role of chemical additives and adhesives used in road and household construction.

The international bitumen market is foreseen to reach 129,673.2 kilo tons by the end of the forecast period 2014-2020. In 2016, the international market stood at 116,338.7 kilo tons. It is anticipated that the usage of substitutes such as concrete could cut back the growth of the market. However, with the advancement of bio-based bitumen and new corresponding opportunities, this threat is expected to thin out.

PMB to Draw Promising Demand in Future

By product type, the worldwide bitumen market is categorized into different segments, out of which, paving grade bitumen had made a statement in 2016. Paving bitumen displayed a demand of more than 80,000 kilo tons in the same year, outshining other products in the market. With a few of the Asian and European countries getting involved in the Silk Route reconstruction, the paving bitumen market is expected to be strengthened. Moreover, developed regions such as the U.K. and the U.S. making progress with maintenance and reconstruction activities are adding to the demand. The elevating interest in road development taken by India, China, and Brazil is also envisaged to contribute to the rise of the paving bitumen segment.

Howbeit, PMB products are foretold to penetrate the global bitumen market at a remarkable pace on the back of the inflating demand in the roofing and road construction applications. As these products help to enhance the performance of roadways and waterproofing applications and allow heating at low temperatures, the PMB market is expected to gain further impetus.

Oxidized bitumen, cutback bitumen, bitumen emulsion, and bitumen formed due to the addition of zinc and copper are the other significant products prevailing in the global market.

While there are numerous applications of bitumen, its application in road construction is anticipated to take hold of a colossal share of more than 80.0% in the global bitumen market by 2020. Much of the demand in the roadways application segment is accounted to the high viscosity and stickiness attributes of bitumen. The waterproofing market is predicted to grow at a sharp pace while riding on infrastructure development activities in emerging nations such as India and China.

Other segments that hold prominence in the global bitumen market are adhesives, insulation, decorative, and industrial applications.

Significant Global Consumption Accredited to North America

With a cosmic network of roads in the U.S., the North America region had made itself noticeable in 2016 by consuming bitumen at a larger volume of over 38,000 kilo tons. The region primarily consumes bitumen during the repair and redevelopment of the existing roads. Asia Pacific and other developing regions, contrastingly, consume bitumen for the development of new infrastructure. Asia Pacific, including China, is expecting significant infrastructure development in the forthcoming years. This has no doubt led to the anticipation of the Asia Pacific market to emerge as a rapidly expanding segment during the forecast period on the back of extensive industrialization.

NuStar Energy, Marathon Oil Company, Shell Bitumen, ExxonMobil, and Valero Energy Corporation are some of the dominant companies making a mark in the global bitumen market. In 2013, the top eight players in the global market had accounted for a total share of almost 39.0%, reflecting the highly fragmented nature of the market.

Chapter 1 Preface
1.1 Report description
1.2 Market segmentation
      1.2.1 Global bitumen market segmentation
1.3 Research methodology
1.4 Research scope and assumptions
 
Chapter 2 Executive Summary
2.1 Global bitumen market, 2013 – 2020 (Kilo Tons) (USD Million)
2.2 Global bitumen - Market snapshot (2013 and 2020)
 
Chapter 3 Bitumen – Industry Analysis
3.1 Introduction
3.2 Value chain analysis
3.3 Market drivers
      3.3.1 Increasing road development activities to boost market growth for bitumen over the forecast period
      3.3.2 Rising application scope of polymer modified bitumen (PMB) is anticipated to drive the overall bitumen market
      3.3.3 Growth in roofing industry to augment the demand for bitumen over the next few years
              3.3.3.1 Global construction market, 2013 – 2020 (USD Billion)
3.4 Market restraints
      3.4.1 Environmental issues associated with bitumen extraction anticipated to hamper market growth
      3.4.2 Bitumen alternatives likely to hamper market growth in roadway application
3.5 Market opportunity
      3.5.1 Development of bio-based bitumen
3.6 Porters’ five forces analysis
      3.6.1 Bargaining power of suppliers
      3.6.2 Bargaining power of buyers
      3.6.3 Threat of new entrants
      3.6.4 Threat of substitutes
      3.6.5 Degree of competition
3.7 Bitumen: Company market share analysis
      3.7.1 Bitumen: Company market share, 2013 (%)
3.8 Bitumen: Market attractiveness analysis
      3.8.1 Bitumen: Market attractiveness analysis
 
Chapter 4 Global Bitumen Market – Product Segment Analysis
4.1 Global bitumen market: Product segment analysis
      4.1.1 Global bitumen market volume share, by product, 2013 and 2020
      4.1.2 Paving bitumen
               4.1.2.1 Global paving bitumen market, 2013 – 2020 (Kilo Tons)
      4.1.3 Oxidized bitumen
              4.1.3.1 Global oxidized bitumen market, 2013 – 2020 (Kilo Tons)
      4.1.4 Cutback bitumen
               4.1.4.1 Global cutback bitumen market, 2013 – 2020 (Kilo Tons)
      4.1.5 Bitumen emulsion
              4.1.5.1 Global bitumen emulsion market, 2013 – 2020 (Kilo Tons)
      4.1.6 Polymer modified bitumen (PMB)
               4.1.6.1 Global polymer modified bitumen (PMB) market, 2013 – 2020 (Kilo Tons)
      4.1.7 Others
              4.1.7.1 Global bitumen market for other product types, 2013 – 2020 (Kilo Tons)
 
Chapter 5 Global Bitumen Market– Application Analysis
5.1 Global bitumen market: Application overview
      5.1.1 Global bitumen market volume share, by application, 2013 and 2020
      5.1.2 Roadways
              5.1.2.1 Global bitumen market for roadways, 2013 – 2020 (Kilo Tons) (USD Million)
              5.1.2.2 Global bitumen market for roadways, by product type, 2013 – 2020, (Kilo Tons)
                         5.1.2.2.1 Global hard grade bitumen market for roadways, 2013 – 2020, (Kilo Tons)
                         5.1.2.2.2 Global soft grade bitumen market for roadways, 2013 – 2020, (Kilo Tons)
                         5.1.2.2.3 Global polymer modified bitumen (PMB) market for roadways, 2013– 2020 (Kilo Tons)
      5.1.3 Waterproofing
              5.1.3.1 Global bitumen market for waterproofing 2013 – 2020, (Kilo Tons) (USD Million)
              5.1.3.2 Global bitumen market for waterproofing, by product type, 2013 – 2020, (Kilo Tons)
                          5.1.3.2.1 Global hard grade bitumen market for waterproofing, 2013 – 2020, (Kilo Tons)
                         5.1.3.2.2 Global soft grade bitumen market for waterproofing, 2013 – 2020, (Kilo Tons)
                         5.1.3.2.3 Global polymer modified bitumen (PMB) market for waterproofing, 2013– 2020 (Kilo Tons)
      5.1.4 Adhesives
               5.1.4.1 Global bitumen market for adhesives, 2013 – 2020, (Kilo Tons) (USD Million)
      5.1.5 Insulation
               5.1.5.1 Global bitumen market for insulation, 2013 – 2020, (Kilo Tons) (USD Million)
      5.1.6 Others
               5.1.6.1 Global bitumen market for other applications, 2013 – 2020, (Kilo Tons) (USD Million)
 
Chapter 6 Global Bitumen Market - Regional Analysis
6.1 Global bitumen market: Regional overview
      6.1.1 Global bitumen market volume share, by region, 2013 and 2020
6.2 North America
      6.2.1 North America bitumen market, by application, 2013 – 2020 (Kilo Tons)
      6.2.2 North America bitumen market, by application, 2013 – 2020 (USD Million)
6.3 Europe
      6.3.1 Europe bitumen market, by application, 2013 – 2020 (Kilo Tons)
      6.3.2 Europe bitumen market, by application, 2013 – 2020 (USD Million)
6.4 China
      6.4.1 China bitumen market, by application, 2013 – 2020 (Kilo Tons)
      6.4.2 China bitumen market, by application, 2013 – 2020 (USD Million)
6.5 Asia Pacific (Excluding China)
      6.5.1 Asia Pacific bitumen market, by application, 2013 – 2020 (Kilo Tons)
      6.5.2 Asia Pacific bitumen market, by application, 2013 – 2020 (USD Million)
6.6 Rest of the World (RoW)
      6.6.1 RoW bitumen market, by application, 2013 – 2020 (Kilo Tons)
      6.6.2 RoW bitumen market, by application, 2013 – 2020 (USD Million)
 
Chapter 7 Company Profiles
7.1 Bau Holding Vermögensverwaltung AG
      7.1.1 Company overview
      7.1.2 Financial overview
      7.1.3 Business strategy
      7.1.4 Recent developments
7.2 Bouygues S.A.
      7.2.1 Company overview
      7.2.2 Financial overview
      7.2.3 Business strategy
      7.2.4 Recent developments
7.3 British Petroleum
      7.3.1 Company overview
      7.3.2 Product portfolio
      7.3.3 Financial overview
      7.3.4 Business strategy
      7.3.5 Recent developments
7.4 ChevronTexaco Corporation
      7.4.1 Company overview
      7.4.2 Financial overview
      7.4.3 Business strategy
      7.4.4 Recent developments
7.5 China Petroleum and Chemical Corporation
      7.5.1 Company overview
      7.5.2 Financial overview
      7.5.3 Business strategy
      7.5.4 Recent developments
7.6 ExxonMobil
      7.6.1 Company overview
      7.6.2 Financial overview
      7.6.3 Business strategy
      7.6.4 Recent developments
7.7 Indian Oil Corporation
      7.7.1 Company overview
      7.7.2 Financial overview
      7.7.3 Business strategy
      7.7.4 Recent developments
7.8 Marathon Oil Company
      7.8.1 Company overview
      7.8.2 Financial overview
      7.8.3 Business strategy
      7.8.4 Recent developments
7.9 JX Nippon Oil & Energy Corporation
      7.9.1 Company overview
      7.9.2 Financial overview
      7.9.3 Business strategy
      7.9.4 Recent developments
7.10 NuStar Energy
      7.10.1 Company overview
      7.10.2 Financial overview
      7.10.3 Business strategy
      7.10.4 Recent development
7.11 Nynas AB
      7.11.1 Company overview
      7.11.2 Financial overview
      7.11.3 Business strategy
      7.11.4 Recent developments
7.12 Petroleos Mexicanos
      7.12.1 Company overview
      7.12.2 Financial overview
      7.12.3 Business strategy
      7.12.4 Recent developments
7.13 Shell Bitumen
      7.13.1 Company overview
      7.13.2 Product portfolio
      7.13.3 Financial Overview
      7.13.4 Business strategy
      7.13.5 Recent developments
7.14 Valero Energy Corporation
      7.14.1 Company overview
      7.14.2 Financial overview
      7.14.3 Business strategy
      7.14.4 Recent developments
7.15 Villas Austria GmbH
      7.15.1 Company overview
      7.15.2 Business strategy
      7.15.3 Recent developments

List of Figures 
 
FIG. 1 Global bitumen market segmentation
FIG. 2 Global bitumen market, 2013 – 2020 (Kilo Tons) (USD Million)
FIG. 3 Bitumen: Value chain analysis
FIG. 4 Global construction market, 2013 – 2020 (USD Billion)
FIG. 5 Porters’ five forces analysis on bitumen market
FIG. 6 Bitumen: Company market share, 2013 (%)
FIG. 7 Bitumen: Market attractiveness analysis
FIG. 8 Global bitumen market volume share, by product, 2013 and 2020
FIG. 9 Global paving bitumen market, 2013 – 2020 (Kilo Tons)
FIG. 10 Global oxidized bitumen market, 2013 – 2020 (Kilo Tons)
FIG. 11 Global cutback bitumen market, 2013 - 2020 (Kilo Tons)
FIG. 12 Global bitumen emulsion market, 2013 – 2020 (Kilo Tons)
FIG. 13 Global polymer modified bitumen (PMB) market, 2013 – 2020 (Kilo Tons)
FIG. 14 Global bitumen market for other product types, 2013 – 2020 (Kilo Tons)
FIG. 15 Global bitumen market volume share, by application, 2013 and 2020
FIG. 16 Global bitumen market for roadways, 2013 – 2020 (Kilo Tons) (USD Million)
FIG. 17 Global hard grade bitumen market for roadways, 2013 – 2020, (Kilo Tons)
FIG. 18 Global soft grade bitumen market for roadways, 2013 – 2020 (Kilo Tons)
FIG. 19 Global polymer modified bitumen (PMB) market for roadways, 2013 – 2020, (Kilo Tons)
FIG. 20 Global bitumen market for waterproofing, 2013 – 2020, (Kilo Tons) (USD Million)
FIG. 21 Global hard grade bitumen market for waterproofing, 2013 – 2020, (Kilo Tons)
FIG. 22 Global soft grade bitumen market for waterproofing, 2013 – 2020 (Kilo Tons)
FIG. 23 Global polymer modified bitumen (PMB) market for waterproofing ,2013 – 2020, (Kilo Tons)
FIG. 24 Global bitumen market for adhesives, 2013 – 2020, (Kilo Tons) (USD Million)
FIG. 25 Global bitumen market for insulation, 2013 – 2020, (Kilo Tons) (USD Million)
FIG. 26 Global bitumen market for other applications, 2013 – 2020, (Kilo Tons) (USD Million)
FIG. 27 Global bitumen market volume share, by region, 2013 and 2020

List of Tables 
 
TABLE 1 Bitumen market: Global snapshot
TABLE 2 Drivers for bitumen market: Impact analysis
TABLE 3 Road network size, by country, 2007 – 2013, (Thousand Kilometers)
TABLE 4 Restraints for bitumen market: Impact analysis
TABLE 5 Comparison of concrete and bitumen on various aspects
TABLE 6 North America bitumen market, by application, 2013 – 2020 (Kilo Tons)
TABLE 7 North America bitumen market, by application, 2013 – 2020 (USD Million)
TABLE 8 Europe bitumen market, by application, 2013 – 2020 (Kilo Tons)
TABLE 9 Europe bitumen market, by application, 2013 – 2020 (USD Million)
TABLE 10 China bitumen market, by application, 2013 – 2020 (Kilo Tons)
TABLE 11 China bitumen market, by application, 2013 – 2020 (USD Million)
TABLE 12 Asia Pacific bitumen market, by application, 2013 – 2020 (Kilo Tons)
TABLE 13 Asia Pacific bitumen market, by application, 2013 – 2020 (USD Million)
TABLE 14 RoW bitumen market, by application, 2013 – 2020 (Kilo Tons)
TABLE 15 RoW bitumen market, by application, 2013 – 2020 (USD Million)

Bitumen is a dark, highly viscous and sticky substance derived from crude oil through fractional distillation. It is primarily used as a binder in road construction. Bitumen is also known as “asphalt” in North America. It is also used in other applications such as electronics, roofing and adhesives due to its resistance to water, insulation properties and high durability. Properties of bitumen can be altered by adding polymers to it, thus increasing its application scope. There are several types of bitumen available in the global market such as cutback bitumen, oxidized bitumen, polymer modified bitumen (PMB) and bitumen emulsion. Additionally, bitumen is available as hard or soft grades depending on the viscosity. Furthermore, warm mix bitumen, hot mix bitumen and cold mix bitumen are the different types of bitumen available in the market. They are named mix bitumen, hot mix bitumen and cold mix bitumen depending upon the different temperatures required to melt bitumen for applications. 
 
The report on bitumen market has been segmented into various chapters. Under each chapter, we have tackled the different aspects of the market and provided an analysis on various parameters. Preface provides a brief diagrammatic representation on the segmentation of the bitumen market. Additionally, the chapter provides a detailed description of the methodology used for research along with the scope and assumptions used in estimating as well as analyzing the future market growth.
 
We have included an executive summary that includes a brief summary regarding the trends of the market. We have also included a snapshot of the market; it provides the current scenario as well as growth opportunities for the market at the end of the forecast period.
 
Industry analysis provides an insight on the drivers and restraints of the bitumen market and their impact on the growth of the market during the mentioned forecast period. Additionally, the study includes opportunities available for the market on a regional and global level and its effect during the forecast period. We have provided a detailed analysis of the value chain for better understanding of the bitumen market. Moreover, a detailed analysis of the Porters five forces model has been provided for better understanding of the intensity of competition in the market. Furthermore, the study comprises a market attractiveness analysis, where applications are benchmarked based on their market scope, growth rate and general attractiveness. A detailed analysis of key players’ market share in the industry has been included to represent the nature of the market.
 
Product segment analysis provides forecast for the bitumen market on the global level for various product types of bitumen. The market has been estimated in terms of volume (kilo tons) and forecast for the period from 2014 to 2020. Furthermore, application segments have been analyzed and forecast on current trends on the global and regional level from 2014 to 2020. Geographically, the market has been segmented into North America, Europe, China, Asia Pacific (excluding China) and Rest of the World. Analysis and forecast is based on current trends and ranges over a period from 2014 to 2020. 
 
Detailed profiles of certain leading companies are provided in the report along with a detailed analysis of their market share. Leading companies in the market include Shell Bitumen, NuStar Energy, ExxonMobil, Marathon Oil Company, Valero Energy Corporation and Nynas AB. Company profiles include attributes such as company overview, financial overview, SWOT analysis, business strategies and recent developments. 
 
The market has been segmented as below:
Bitumen Market – Product Segment Analysis
  • Paving grade bitumen
  • Oxidized bitumen
  • Cutback bitumen
  • Bitumen emulsion
  • Polymer Modified Bitumen (PMB)
  • Others (including bitumen formed due to addition of zinc, copper, etc.)
Bitumen Market – Application Analysis
  • Roadways
    • Hard grade
    • Soft grade
    • Polymer Modified Bitumen (PMB)
  • Waterproofing (Roofing)
    • Hard grade
    • Soft grade
    • Polymer Modified Bitumen (PMB)
  • Adhesive
  • Insulation
  • Others (including decorative and industrial applications)
Bitumen Market – Regional Analysis
  • North America
  • Europe
  • China
  • Asia Pacific (Excluding China)
  • Rest of World (RoW)


 
 
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