Grand View Research, Inc: Global Bitumen Market By Application (Roadways, Adhesives, Water Proofing, Insulation) Expected to Reach USD 95.77 Billion by 2020
The global market for bitumen is expected to reach USD 95.77 billion by 2020, according to a new study by Grand View Research, Inc. Bitumen is primarily used in road construction activities and increased road development in high growth markets of India, China and Brazil is expected to be a key driver for the growth of the market. Roadway constructions were the major consumers of bitumen in 2013, accounting for over 80 million tons of global consumption. Other key applications include waterproofing, insulation and adhesives. Water proofing is expected to be the fastest growing application market for bitumen, at an estimated CAGR of 2.9% on volume basis, primarily on account of improved Polymer Modified Bitumen (PMB) quality in water resistance. Environmental issues associated with the extraction of bitumen from oil sands are expected to remain a key challenge for the growth of the market in the near future. View summary of this analysis/bitumen-market
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Bitumen market volume share, by application, 2013
Table of Contents Chapter 1 Executive Summary 1.1 Bitumen – Industry Summary & Critical Success Factors (CSFs) Chapter 2 Bitumen Industry Outlook 2.1 Market Segmentation 2.2 Market Size and Growth Prospects 2.3 Bitumen Value Chain Analysis 2.4 Bitumen Market Dynamics 2.4.1 Market driver analysis 2.4.1.1 Increasing infrastructural activities 2.4.1.2 Increasing applications of polymer modified bitumen (PMB) 2.4.2 Market restraint analysis 2.4.2.1 Environmental concerns regarding bitumen extraction 2.5 Key Opportunities Prioritized 2.6 Industry Analysis – Porter’s 2.7 Bitumen - Company Market Share Analysis 2.8 Bitumen - PESTEL Analysis Chapter 3 Bitumen Application Outlook 3.1 Roadways 3.1.1 Bitumen market volume and revenue in roadways, 2012 – 2020 (Million Tons) (USD Billion)
3.2 Waterproofing (Roofing) 3.2.1 Bitumen market volume and revenue in waterproofing, 2012 – 2020 (Million Tons) (USD Billion) 3.3 Adhesives 3.3.1 Bitumen market volume and revenue in adhesives, 2012 – 2020 (Million Tons) (USD Billion) 3.4 Insulation 3.4.1 Bitumen market volume and revenue in insulation, 2012 – 2020 (Million Tons) (USD Billion) 3.5 Others 3.5.1 Bitumen market volume and revenue in other application, 2012 – 2020 (Million Tons) (USD Billion) Chapter 4 Bitumen Regional Outlook 4.1 North America 4.1.1 Bitumen market volume and revenue, 2012 – 2020, (Kilo Tons) (USD Million) 4.1.2 Bitumen market volume and revenue, by application, 2012 – 2020, (Kilo Tons) (USD Million) 4.2 Europe 4.2.1 Bitumen market volume and revenue, 2012 – 2020, (Kilo Tons) (USD Million) 4.2.2 Bitumen market volume and revenue, by application, 2012 – 2020, (Kilo Tons) (USD Million) 4.3 China 4.3.1 Bitumen market volume and revenue, 2012 – 2020, (Kilo Tons) (USD Million) 4.3.2 Bitumen market volume and revenue, by application, 2012 – 2020, (Kilo Tons) (USD Million) 4.4 Asia Pacific (excluding China) 4.4.1 Bitumen market volume and revenue, 2012 – 2020, (Kilo Tons) (USD Million) 4.4.2 Bitumen market volume and revenue, by application, 2012 – 2020, 4.5 RoW 4.5.1 Bitumen market volume and revenue, 2012 – 2020, (Kilo Tons) (USD Million) 4.5.2 Bitumen market volume and revenue, by application, 2012 – 2020, (Kilo Tons) (USD Million) Chapter 5 Bitumen Competitive Landscape 5.1 Shell Bitumen 5.1.1 Company Overview 5.1.2 Financial Performance 5.1.3 Product Benchmarking 5.1.4 Strategic Initiatives 5.2 NuStar Energy 5.2.1 Company Overview 5.2.2 Financial Performance 5.2.3 Product Benchmarking 5.2.4 Strategic Initiatives 5.3 Exxon Mobil
5.3.1 Company Overview 5.3.2 Financial Performance 5.3.3 Product Benchmarking 5.3.4 Strategic Initiatives 5.4 Marathon Oil Corporation 5.4.1 Company Overview 5.4.2 Financial Performance 5.4.3 Product Benchmarking 5.4.4 Strategic Initiatives 5.5 Valero Energy Corporation 5.5.1 Company Overview 5.5.2 Financial Performance 5.5.3 Product Benchmarking 5.5.4 Strategic Initiatives 5.6 Nynas AB 5.6.1 Company Overview 5.6.2 Financial Performance 5.6.3 Product Benchmarking 5.6.4 Strategic Initiatives 5.7 Petr贸leos Mexicanos (PEMEX) 5.7.1 Company Overview 5.7.2 Financial Performance 5.7.3 Product Benchmarking 5.7.4 Strategic Initiatives 5.8 Indian Oil Corporation 5.8.1 Company Overview 5.8.2 Financial Performance 5.8.3 Product Benchmarking 5.8.4 Strategic Initiatives 5.9 Chevron Texaco Corporation 5.9.1 Company Overview 5.9.2 Financial Performance 5.9.3 Product Benchmarking 5.9.4 Strategic Initiatives 5.10 Villas Austria GmbH 5.10.1 Company Overview 5.10.2 Financial Performance 5.10.3 Product Benchmarking 5.10.4 Strategic Initiatives 5.11 Nippon Oil Corporation 5.11.1 Company Overview 5.11.2 Financial Performance 5.11.3 Product Benchmarking 5.11.4 Strategic Initiatives
5.12 Sinopec 5.12.1 Company Overview 5.12.2 Financial Performance 5.12.3 Product Benchmarking 5.12.4 Strategic Initiatives Chapter 6 Methodology and Scope 6.1 Research Methodology 6.2 Research Scope & Assumption 6.3 List of Data Sources
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List of Tables 1. Global Bitumen market volume and revenue, 2012 - 2020 2. Global Bitumen market volume by region, (Million tons), 2012 - 2020 3. Global Bitumen market revenue by region, (USD billion), 2012 - 2020 4. Global Bitumen market volume by application, (Million tons), 2012 - 2020 5. Global Bitumen market revenue by application, (USD billion), 2012 – 2020 6. Global Bitumen demand in roadways, 2012 - 2020 (Kilo tons) 7. Global Bitumen demand in roadways, 2012 - 2020 (USD million) 8. Global Bitumen demand in waterproofing, 2012 - 2020 (Kilo tons) 9. Global Bitumen demand in waterproofing, 2012 - 2020 (USD million) 10. Global Bitumen demand in adhesives, 2012 - 2020 (Kilo tons) 11. Global Bitumen demand in adhesives, 2012 - 2020 (USD million) 12. Global Bitumen demand in insulation, 2012 - 2020 (Kilo tons) 13. Global Bitumen demand in insulation, 2012 - 2020 (USD million) 14. Global Bitumen demand in other application, 2012 - 2020 (Kilo tons) 15. Global Bitumen demand in other application, 2012 - 2020 (USD million) 16. North America Bitumen market volume by application, (Kilo tons), 2012 - 2020 17. North America Bitumen market revenue by application, (USD million), 2012 – 2020 18. Europe Bitumen market volume by application, (Kilo tons), 2012 - 2020 19. Europe Bitumen market revenue by application, (USD million), 2012 – 2020 20. China Bitumen market volume by application, (Kilo tons), 2012 - 2020 21. China Bitumen market revenue by application, (USD million), 2012 - 2020 22. Asia Pacific (excluding China) Bitumen market volume by application, (Kilo tons), 2012 - 2020 23. Asia Pacific (excluding China) Bitumen market revenue by application, (USD million), 2012 - 2020 24. RoW Bitumen Market volume by application, (Kilo tons), 2012 - 2020 25. RoW Bitumen Market revenue by application, (USD million), 2012 - 2020
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List of Figures 1. Bitumen industry summary & critical success factors (CSFs) 2. Bitumen market segmentation 3. Global Bitumen market (volume & revenue), 2012 - 2020 4. Global Bitumen market volumes growth by region, (Million tons), 2012 - 2020 5. Global Bitumen market volumes growth by application, (Million tons), 2012 - 2020 6. Bitumen market dynamics 7. Bitumen company market share analysis, 2013 8. Key opportunities prioritized 9. Industry analysis - Porter's 10. Bitumen PESTEL analysis, 2013 11. Bitumen market volume share by application, 2012 & 2020 12. Global Bitumen demand in roadways, (volume & revenue), 2012-2020 13. Global Bitumen demand in waterproofing, (volume & revenue), 2012-2020 14. Global Bitumen demand in adhesives, (volume & revenue), 2012-2020 15. Global Bitumen demand in insulation, (volume & revenue), 2012-2020 16. Global Bitumen demand in other application, (volume & revenue), 2012-2020 17. Bitumen market volume share by region, 2012 & 2020 18. North America Bitumen market volume by application, (Kilo tons), 2012 19. North America Bitumen market revenue by application, (USD million), 2012 20. Europe Bitumen market volume by application, (Kilo tons), 2012 21. Europe Bitumen market revenue by application, (USD million), 2012 22. China Bitumen market volume by application, (Kilo tons), 2012 23. China Bitumen market revenue by application, (USD million), 2012 24. Asia Pacific Bitumen market volume by application, (Kilo tons), 2012 25. Asia Pacific Bitumen market revenue by application, (USD million), 2012 26. RoW Bitumen Market volume by application, (Kilo tons), 2012 27. RoW Bitumen Market revenue by application, (USD million), 2012
Further key findings from the study suggest: 
Global bitumen consumption is expected to reach 135.07 million tons by 2020, growing at a CAGR of 2.7% from 2014 to 2020.
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The improvement in technology with regards to transportation war mix asphalt from Canada is expected to present market participants with growth opportunities over the next six years.
North America was the largest regional market for bitumen; with demand estimated at over USD 21.0 billion in 2013 and is expected to remain the leader over the next six years. The region is expected to be a key market, owing to the vast network of roads in the regions coupled with the implementation of MAP – 21 (Moving Ahead for Progress in 21st Century Act) which funds road development program for the U.S. over the next two years.
China and Asia Pacific are expected to outpace North America in terms of growth on account of the rapid infrastructure development in India, South Korea and China. The governments of these countries have special focus on road construction activities in their current five year plans, with the Chinese construction spending expected to grow at a CAGR of nearly 4.0% from 2014 to 2020.
The global bitumen market is fragmented with the top four companies accounting for less than 25% of the global market share. This is largely due to the logistic issues associated with bitumen making the presence of large number of domestic manufacturers inevitable.
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For the purpose of this study, Grand View Research has segmented the global bitumen market on the basis of application, product and region: Bitumen Application Outlook (Volume, Million tons; Revenue, USD Billion, 2012 - 2020) • Roadways • Adhesives • Waterproofing • Insulation • Others Bitumen Regional Outlook (Volume, Million tons; Revenue, USD Billion, 2012 - 2020) • North America
• Europe • China • Asia Pacific (excluding China) • RoW
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About Grand View Research Grand View Research, Inc. is a market research and consulting company that provides off-theshelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deepseated understanding of varied business environments, Grand View Research provides strategic objective insights.
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