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Asia Pacific Bitumen Market Analysis and Forecast 2016-2024 | Industry Growth Opportunities

  • ID : 7051304  |  
  • Published : Oct-2017  |  
  • Region : Asia Pacific  |  
  • Pages : 210   |  
  • Publisher : Goldstein Research

Asia-Pacific Bitumen Market Size and Forecast (2016-2024)

Global bitumen market size is poised to exceed USD 110 billion by 2024 and is expected to expand at a CAGR of 6.59% over the forecast period. APAC is projected to account for a volume share of around 31% of the global bitumen market by the end of 2024 owing to rising construction projects in India, China, Thailand, and Vietnam.

On the basis of application, road construction share is forecast to witness highest gains over the projected timeframe while waterproofing applications were valued at over USD 8.78 billion in 2016. On the basis of product, PMB market size is projected to dominate the bitumen market while paving bitumen market is forecast to witness gains more than 2.25% CAGR over the estimated period.

In APAC, India is the promising market, with a recommencing emphasis on infrastructure by the government and USD 162 billion were spent on roads and bridges between 2012 and 2017, deeming for over 17% of India’s total infrastructure expenditure. Nearly two-thirds of total worldwide bitumen consumption is attributed to China making it the largest consumer of APAC as well as global bitumen market.

In the Asia Pacific, China itself is the 13.2 million metric ton asphalt industry attributing to new construction and maintenance/repairs. By identifying a solvent or solvent blend, capable of selective flocculation and precipitation of the clay−water clusters while precipitating only a minor amount of asphaltene bitumen recovery can be improved. Water-based bitumen extraction from Athabasca oil sands involves four steps: Oil sand lump size reduction, bitumen liberation, aeration, flotation and interactions. Bitumen demand in Asian countries is strong, however, China have been suffering from oversupply and accounting for the lion’s share i.e. nearly two-thirds of total bitumen consumption. It is predicted that in the upcoming years (probably after 5-6 years) Asian bitumen market will be totally oversupplied too.

Shell’s pioneering inventions in colored binders, low-temperature solutions; low-odor bitumen and underwater adhesives have set the industry standards for these applications and range of solutions from airports and highways to roofing and Formula One tracks.

Growth Drivers and Challenges

Product stewardship along with technical specification and focus on infrastructure projects in Australia, replacement of closed refineries with trading houses and imports from Singapore, Thailand, South Korea, Malaysia, initiative to build new road and rail networks and investments in storage and shipping businesses are the major growth drivers of APAC bitumen market. In addition, developing storage infrastructure and an introduction of innovative packaging solutions tends to take bitumen market on heights.

However, bitumen manufacturers face tough challenges due to the sanctions imposed on the country by the respective government along with a falling domestic market and declining prices in China due to over-supply and weak demand hinders the APAC bitumen market.

Asia-Pacific Bitumen Market Segmentation

  • By Grades (Market Size, Demand Analysis and Growth Analysis)

    • Hard Grade
    • Soft Grade
    • Polymer Modified Bitumen (PMB)

  • By Product (Market Size, Demand Analysis and Growth 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.)

  • By Application (Market Size, Demand Analysis and Growth Analysis)

    • Roadways
    • Waterproofing
    • Adhesives
    • Insulation
    • Others

  • By Countries

    • China {Market Share (%), Market Size (USD Million), Adoption Rate (%)}
    • Japan {Market Share (%), Market Size (USD Million), Adoption Rate (%)}
    • India {Market Share (%), Market Size (USD Million), Adoption Rate (%)}
    • Australia {Market Share (%), Market Size (USD Million), Adoption Rate (%)}
    • Taiwan {Market Share (%), Market Size (USD Million), Adoption Rate (%)}
    • South Korea {Market Share (%), Market Size (USD Million), Adoption Rate (%)}
    • Indonesia {Market Share (%), Market Size (USD Million), Adoption Rate (%)}
    • Thailand {Market Share (%), Market Size (USD Million), Adoption Rate (%)}
    • Singapore {Market Share (%), Market Size (USD Million), Adoption Rate (%)}
    • New Zealand {Market Share (%), Market Size (USD Million), Adoption Rate (%)}
    • Philippines {Market Share (%), Market Size (USD Million), Adoption Rate (%)}

Asia-Pacific Bitumen Market - Key Market Players

  • British Petroleum

    • Synopsis
    • Business Strategy
    • Product Portfolio
    • SWOT Analysis

  • Total S.A.
  • Chevron Texaco Corporation
  • China Petroleum and Chemical Corporation
  • Indian Oil Corporation
  • Royal Dutch Shell Plc.
  • JX Nippon Oil & Energy Corporation
  • Petroleos Mexicanos
  • Bouygues S.A.
  • NuStar Energy
  • Villas Austria GmbH
  • Marathon Oil Corporation
  • Exxon Mobil Corporation
  • Nynas AB
  • Petróleos Mexicanos (PEMEX)
  • Valero Energy Corporation
  • Shell

Market outlook for business players and entry level players to ascertain their business in a dynamic ecosystem

Asia-Pacific Bitumen Market - Market Dynamics: Growth Drivers, Restraints and Opportunities

  • Risk Factors
  • Regional Variations
  • Recent Trends and Developments

Porter’s Five Force Model

Market Landscape: Competition and BeyondExpert Analysis

Concluding Remarks

Table of Contents

1. Executive Summary

2. Research Methodology

3. Regional Opportunity Analysis on the basis of Competitors

4. APAC Bitumen Market Size (USD Billion) and Forecast Analysis, 2016-2024

5. Market Dynamics: Growth Drivers, Restraints and Opportunities

5.1. Risk Factors

5.2. Regional Variations

5.3. Recent Trends and Developments

6. APAC Bitumen Market Segmentation

6.1. Bitumen Market By Grade (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)

6.1.1. Adoption Rate (%) of Bitumen Market by Grade

6.1.2. Hard Grade (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)

6.1.3. Soft Grade (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)

6.1.4. Polymer Modified Bitumen (PMB) (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)

6.1.5. Market Attractiveness of Bitumen Market by Grade

6.1.6. BPS Analysis of Bitumen Market by Grade

6.2. Bitumen Market By Product (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)

6.2.1. Adoption Rate (%) of Bitumen Market by Product

6.2.2. Paving grade bitumen (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)

6.2.3. Oxidized bitumen (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)

6.2.4. Cutback bitumen (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)

6.2.5. Bitumen emulsion (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)

6.2.6. Polymer Modified Bitumen (PMB) (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)

6.2.7. Others (including bitumen formed due to addition of zinc, copper, etc.) (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)

6.2.8. Market Attractiveness of Bitumen Market by Product

6.2.9. BPS Analysis of Bitumen Market by Product

6.3. Bitumen Market By Application (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)

6.3.1. Adoption Rate (%) of Bitumen Market by Application

6.3.2. Roadways (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)

6.3.3. Waterproofing (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)

6.3.4. Adhesives (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)

6.3.5. Insulation (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)

6.3.6. Others (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)

6.3.7. Market Attractiveness of Bitumen Market by Application

6.3.8. BPS Analysis of Bitumen Market by Application

6.4. APAC Bitumen Market By Countries (Market Share (%) & Y-o-Y Growth Comparison, 2016-2024)

6.4.1. Adoption Rate (%) of Bitumen Market by Country

6.4.2. China Bitumen Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)

6.4.3. Japan Bitumen Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)

6.4.4. India Bitumen Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)

6.4.5. South Korea Bitumen Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)

6.4.6. Taiwan Bitumen Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)

6.4.7. Australia Bitumen Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)

6.4.8. New Zealand Bitumen Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)

6.4.9. Thailand Bitumen Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)

6.4.10. Philippines Bitumen Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)

6.4.11. Indonesia Bitumen Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)

6.4.12. Singapore Bitumen Market (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)

6.4.13. Market Attractiveness of Bitumen Market by Country

6.4.14. BPS Analysis of Bitumen Market by Country

7. Competitive Outlook

7.1. Market Share of Major Players (2016)

7.2. Company Profiles

7.2.1. British Petroleum

7.2.1.1. Company Synopsis

7.2.1.2. Business Strategy

7.2.1.3. Product Portfolio

7.2.1.4. SWOT Analysis

7.2.2. Total S.A.

7.2.3. Chevron Texaco Corporation

7.2.4. China Petroleum and Chemical Corporation

7.2.5. Indian Oil Corporation

7.2.6. Royal Dutch Shell Plc.

7.2.7. JX Nippon Oil & Energy Corporation

7.2.8. Petroleos Mexicanos

7.2.9. Bouygues S.A.

7.2.10. NuStar Energy

7.2.11. Villas Austria GmbH

7.2.12. Marathon Oil Corporation

7.2.13. Exxon Mobil Corporation

7.2.14. Nynas AB

7.2.15. Petróleos Mexicanos (PEMEX)

7.2.16. Valero Energy Corporation

7.2.17. Shell

8. Porter’s Five Force Model

9. Market Landscape: Competition and Beyond

10. Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem

11. Expert Analysis

12. Concluding Remarks

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