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Published: Apr, 2014 | Pages:
75 | Publisher: Grand View Research
Industry: Petrochemicals | Report Format: Electronic (PDF)
Grand View Research, Inc: Global Bitumen Market By Application (Roadways, Adhesives, Water Proofing, Insulation) Expected to Reach USD 95.77 Billion by 2020
April 2014
The global market for bitumen is expected to reach USD 95.77 billion by 2020. 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.
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.
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.
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
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 Petroleos 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 List of Tables
Global Bitumen market volume and revenue, 2012 - 2020 Global Bitumen market volume by region, (Million tons), 2012 - 2020 Global Bitumen market revenue by region, (USD billion), 2012 - 2020 Global Bitumen market volume by application, (Million tons), 2012 - 2020 Global Bitumen market revenue by application, (USD billion), 2012 - 2020 Global Bitumen demand in roadways, 2012 - 2020 (Kilo tons) Global Bitumen demand in roadways, 2012 - 2020 (USD million) Global Bitumen demand in waterproofing, 2012 - 2020 (Kilo tons) Global Bitumen demand in waterproofing, 2012 - 2020 (USD million) Global Bitumen demand in adhesives, 2012 - 2020 (Kilo tons) Global Bitumen demand in adhesives, 2012 - 2020 (USD million) Global Bitumen demand in insulation, 2012 - 2020 (Kilo tons) Global Bitumen demand in insulation, 2012 - 2020 (USD million) Global Bitumen demand in other application, 2012 - 2020 (Kilo tons) Global Bitumen demand in other application, 2012 - 2020 (USD million) North America Bitumen market volume by application, (Kilo tons), 2012 - 2020 North America Bitumen market revenue by application, (USD million), 2012 - 2020 Europe Bitumen market volume by application, (Kilo tons), 2012 - 2020 Europe Bitumen market revenue by application, (USD million), 2012 - 2020 China Bitumen market volume by application, (Kilo tons), 2012 - 2020 China Bitumen market revenue by application, (USD million), 2012 - 2020 Asia Pacific (excluding China) Bitumen market volume by application, (Kilo tons), 2012 - 2020 Asia Pacific (excluding China) Bitumen market revenue by application, (USD million), 2012 - 2020 RoW Bitumen Market volume by application, (Kilo tons), 2012 - 2020 RoW Bitumen Market revenue by application, (USD million), 2012 - 2020 List of Figures Bitumen industry summary & critical success factors (CSFs) Bitumen market segmentation Global Bitumen market (volume & revenue), 2012 - 2020 Global Bitumen market volumes growth by region, (Million tons), 2012 - 2020 Global Bitumen market volumes growth by application, (Million tons), 2012 - 2020 Bitumen market dynamics Bitumen company market share analysis, 2013 Key opportunities prioritized Industry analysis - Porter's Bitumen PESTEL analysis, 2013 Bitumen market volume share by application, 2012 & 2020 Global Bitumen demand in roadways, (volume & revenue), 2012-2020 Global Bitumen demand in waterproofing, (volume & revenue), 2012-2020 Global Bitumen demand in adhesives, (volume & revenue), 2012-2020 Global Bitumen demand in insulation, (volume & revenue), 2012-2020 Global Bitumen demand in other application, (volume & revenue), 2012-2020 Bitumen market volume share by region, 2012 & 2020 North America Bitumen market volume by application, (Kilo tons), 2012 North America Bitumen market revenue by application, (USD million), 2012 Europe Bitumen market volume by application, (Kilo tons), 2012 Europe Bitumen market revenue by application, (USD million), 2012 China Bitumen market volume by application, (Kilo tons), 2012 China Bitumen market revenue by application, (USD million), 2012 Asia Pacific Bitumen market volume by application, (Kilo tons), 2012 Asia Pacific Bitumen market revenue by application, (USD million), 2012 RoW Bitumen Market volume by application, (Kilo tons), 2012 RoW Bitumen Market revenue by application, (USD million), 2012
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