New Bitumen Technologies and Products Offer Improved Performance and Durability
bitumen market was valued at USD 51.70 billion in 2021 and is expected to reach USD 70.43 billion by 2029, registering a CAGR of 3.94 % during the forecast period of 2022 to 2029.

Bitumen Market – Industry Trends and forecast period of 2029 And Market Analysis and Size

bitumen market was valued at USD 51.70 billion in 2021 and is expected to reach USD 70.43 billion by 2029, registering a CAGR of 3.94 % during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements. 

Market Definition

Bitumen is a viscous substance which exists in a liquid to a semi-solid form. It has a blackish-brown color. Bitumen is commonly possessed of asphaltene resin and other petroleum composites. Natural bitumen is a form of petroleum, which is so dense, thick and heavy when this will diluted or heated before it will flow. Bitumen contains sulfur and other heavy metals, such as mercury, chromium, nickel, vanadium, lead, and many other toxic elements. Usually, bitumen finds its many application such as in insulating, road surfacing, waterproofing, sealing, and others.

Market Segmentation                  

  • Product (Paving, Oxidized, Cutback, Emulsion, Polymer Modified),
  • Application (Roadways, Waterproofing, Adhesives, Insulation and Others)


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Bitumen Market Scope & Market Size

The bitumen market is segmented on the basis of products and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.


  • Paving
  • Oxidized
  • Cutback
  • Emulsion
  • Polymer Modified


  • Roadways
  • Waterproofing
  • Adhesives
  • Insulation
  • Others


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  Bitumen Market report assists in identifying new market opportunities for existing and new products. It provides information on market share, nature of competition, customer satisfaction levels, sales performances and channel of distribution. All these elements help the firm in solving problems. When it comes to predicting consumer needs or conducting market segmentation in such wide markets, market research report does a great job. The marketing intelligence provided through the report not only helps in framing but also in implementing the market strategies. A first-rate Semiconductors and Electronics supports the business to stay relevant, anticipate change, as well as predict the change.

  Bitumen Market research report is useful in collecting information on consumers from structured distribution research and helps in making marketing customer oriented. By using promotional research to study media mix, advertising effectiveness, and integrated communication tools the report has been generated. Such market insights help in promoting effectively a company’s product in the market. Market report helps to comprehend the demands of customers, detect more business opportunities, plan the perfect marketing campaign, minimize losses, and keep track of the competition. Semiconductors and Electronics allows organizations to classify their objectives while following the current trends and take advantage by reaching out to their target audience.


Research Methodology:

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

POS (point of sale system) Terminals Market Industry Country Level Analysis.

The countries covered in the Bitumen Market report are               

  • S., Canada and Mexico in North America,
  • Germany, France, U.K., Netherlands, Switzerland, Belgium,
  • Russia, Italy, Spain, Turkey, Rest of Europe in Europe,
  • China, Japan, India, South Korea, Singapore,
  • Malaysia, Australia, Thailand, Indonesia,
  • Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC),
  • Saudi Arabia, U.A.E, South Africa,
  • Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA),
  • Brazil, Argentina and Rest of South America as part of South America


  • What is the future market value for Bitumen market?
  • The market value for the bitumen market is expected USD 70.43 billion by 2029.
  • What is the growth rate of the Bitumen market?
  • Who are the major players operating in the market?
  • What are the major countries covered in the Market?

POS (point of sale system) Terminals Market Share Analysis and Some major players.

Some of the major players operating in the bitumen market are:

  • Valero (US)
  • NuStar Energy L.P (US)
  • Suncor Energy Inc, (Canada)
  • Athabasca Oil Corporation (Canada)
  • Imperial Oil Limited (Canada)
  • Syncrude Canada Ltd. (Canada)
  • Indian Oil Corporation Ltd (India)
  • ENEOS Corporation (Japan)
  • ExxonMobil Coroporation (US)
  • Shell Bitumen (UK)
  • Petróleos Mexicanos (Mexico)
  • Nynas AB (Sweden)
  • Marathon Oil Company (US)
  • Bp p.l.c (UK)
  • Royal Dutch Shell plc (UK)
  • Total Energy (France)
  • Sinopec Corporation (China)
  • Chevron Corporation (US)
  • Bouygues Groups (France)
  • Villas Austria GmbH (Austria)
  • Gazprom- Neft (Russia)

  Bitumen Market.

  • Chapter One: Introduction
  • Chapter Two: Market Segmentation
  • Chapter Three: Market Overview
  • Chapter Four: Executive Summary
  • Chapter Five: Premium Insights
  • Chapter Six:  Bitumen Market


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