According to Goldstein Research, APAC Bitumen market is expected to reach USD 34.1 billion by the end of 2024, growing at a CAGR of 6.59%. The growing infrastructure projects and maintenance of existing ones are the major driving force in the growing demand for bitumen across the APAC region. APAC Bitumen market segmentation has been done on the basis of grades, product, application, and countries. Road construction accounted for the highest application of bitumen whereas; waterproofing applications are expected to grow at the fastest rate. Based on products, Polymer Modified Bitumen (PMB) acquires the largest market share. APAC Bitumen market is aggressively growing in APAC countries on account of the rising number of infrastructure development projects.

China holds two-third consumption of bitumen worldwide. India is an opportunistic country for growing bitumen consumption.

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Market Segmentation

APAC Bitumen Market can be segmented as follows:

By Grades

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

By Product

• 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

• Roadways
• Waterproofing
• Adhesives
• Insulation
• Others

By Region

• China Bitumen Market Analysis, 2016-2024
• Japan Bitumen Market Analysis, 2016-2024
• India Bitumen Market Analysis, 2016-2024
• Australia Bitumen Market Analysis, 2016-2024
• Taiwan Bitumen Market Analysis, 2016-2024
• South Korea Bitumen Market Analysis, 2016-2024
• Indonesia Bitumen Market Analysis, 2016-2024
• Thailand Bitumen Market Analysis, 2016-2024
• Singapore Bitumen Market Analysis, 2016-2024
• New Zealand Bitumen Market Analysis, 2016-2024

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“Asia Pacific Bitumen Market Outlook 2024” contains a detailed overview of the Asia Pacific bitumen market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by grades, product, application and countries.

The Asia Pacific Bitumen Market Report encompasses the competitive outlook of major players that summarises the business strategies, revenue distribution, product portfolio, financial analysis, R&D activities and investments. The comprehensive analysis of bitumen market report helps the clients to assess their business strategies as per the competitive environment in the market space.
Major players of the Asia Pacificbitumen market discussed in the report are: British Petroleum, Indian Oil Corporation, Total S.A., Royal Dutch Shell Plc., JX Nippon Oil & Energy Corporation, Petroleos Mexicanos, Chevron Texaco Corporation, China Petroleum and Chemical Corporation,Bouygues S.A., NuStar Energy, Villas Austria GmbH, Exxon Mobil Corporation, Marathon Oil Corporation, Nynas AB, PetróleosMexicanos (PEMEX), Valero Energy Corporation, Shell, etc.

Further, Asia Pacific Bitumen Market Report encompasses the major trends & growth opportunities, market dynamics, and other growth factors. The Bitumen Market outlook also comprises of key challenges for the market players, risk analysis, SWOT Analysis, BPS analysis and Market Attractiveness. The report also includes the expert analysis which provides a complete overview of the market post analysis of the economic, political, environmental & social factors of each region and country.

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