Market Research Reports

Global Bitumen Market (Paving Bitumen, Oxidized Bitumen, Cutback Bitumen, Bitumen Emulsion, Polymer Modified Bitumen and Others) for Roadways, Waterproofing, Adhesives, Insulation and Other Applications - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020

102pages
Published Date: 2014-09-09
 

Description


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)

Table of Contents


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)

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Free Market Analysis


Bitumen is primarily used as a binder in road construction along with other applications such as electronics, waterproofing for roofing, and in adhesives due to its resistance to water, insulation properties and high durability. The properties of bitumen can be altered by adding polymers to it, thereby increasing its application scope. Bitumen is known as “asphalt” or “asphalt cement” in North America. However, “asphalt” is a term used for a mixture of sand, small stones and other filler materials in the rest of the world. This mixture contains about 5% of bitumen. The mixture is known as “asphalt concrete” or more particularly “blacktop” in North America. Bitumen is available in a number of grades based upon the standard mentioned by certain tests such as penetration test. Bitumen 80/100, bitumen 60/70 and bitumen 40/50 are the most commonly used bitumen, where the numerical values represent hardness of bitumen. Softer bitumen represents greater penetration units. Similarly, VG-10, VG-20, VG-30 and VG-40 are the viscosity grades of bitumen. Thus, different grades of bitumen are often represented as bitumen 80/100/VG-10.

Infrastructure activities to improve road networks in developed and developing nations are expected to drive the growth of the bitumen market. Furthermore, increasing applications of polymer modified bitumen (PMB) as chemical additives and adhesives in household and road construction are anticipated to boost the demand for bitumen. Additionally, rising construction activities for industries, commercial buildings and housing are estimated to drive the demand for bitumen over the next six years. However, environmental issues associated with the extraction of bitumen from oil sands are projected to hamper market growth. Increasing substitution of bitumen by concrete is also likely to adversely affect the bitumen market. However, development of bio-based bitumen or bio-bitumen and its commercialization over the next few years is expected to offer opportunities for the bitumen market. Furthermore, development of bio-bitumen is anticipated to ease the production pressure on the depleting fossil fuel reserves.

Paving grade bitumen, which is used in roadway application as a binder for asphalt, was the largest consumed type of bitumen in 2013. It accounted for over 65% of the market share in 2013. Polymer modified bitumen (PMB) is expected to be the fastest growing segment of the market due to its increasing demand in road construction and roofing applications. Polymer modified bitumen is increasingly used in construction of roadways and waterproofing applications as it offers various advantages such as heating at lower temperatures, ability to increase porosity of roads and enhancement of performance of the applications.  

With over 80% share in 2013, road construction was the largest application segment for bitumen due to its high viscosity and stickiness. Other applications of bitumen include its usage in roofing industry, paints and enamels, adhesives, automotives and decorative applications, and as an insulator in electrical and electronics industry. Focus of national governments of China and India on improving road network and the consequent inclusion of the same in the five-year plans is anticipated to fuel growth of bitumen in Asia Pacific over the next six years. However, waterproofing is expected to be the fastest growing application of bitumen during the forecast period, due to growth in infrastructure activities in developing countries such as China and India.

North America was the largest consumer of bitumen in 2013 due to the significant network of roads in the U.S. The region accounted for over 30% of the market in 2013. Redevelopment and repair of existent roads accounts for the primary consumption of bitumen in this region. This is in contrast to emerging economies where the consumption is driven by development of new infrastructure. However, Asia Pacific (including China) is expected to be the fastest growing market for bitumen during the forecast period due to rapid industrialization in the region. This is expected to drive infrastructure development in the next few years.

The bitumen market is highly fragmented, with the top eight companies accounting for approximately 39% of the total market share in 2013. Leading bitumen manufacturing companies include Shell Bitumen, NuStar Energy, ExxonMobil, Marathon Oil Company and Valero Energy Corporation.

global-bitumen-market

 

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