아스팔트 시장 : 시장 규모, 점유율, 성장 분석 - 제품 유형별, 형태별, 공급원별, 생산 공정별, 등급별, 유통 채널별, 용도별, 지역별 산업 예측(2025-2032년)

Global Bitumen Market size was valued at USD 71.4 billion in 2023 and is poised to grow from USD 74.61 billion in 2024 to USD 106.11 billion by 2032, growing at a CAGR of 4.5% during the forecast period (2025-2032).

The global bitumen market is experiencing significant growth due to the increasing need for durable road surfaces and infrastructure development in emerging economies. The expansion of road networks and urbanization directly supports this demand, while a rising preference for waterproofing materials in both residential and commercial sectors enhances market prospects. The evolution of the construction industry, incorporating innovative materials and energy-efficient solutions, further propels the bitumen sector. Its versatility and applicability across various domains, such as road construction, roofing, and insulation, position bitumen as a critical element in achieving global infrastructure objectives. Substantial government investments in national highway projects are also aimed at enhancing connectivity and addressing transportation challenges, thereby contributing to the overall expansion of the bitumen market.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Bitumen market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Bitumen Market Segments Analysis

Global Bitumen Market is segmented by Product Type, Form, Source, Production Process, Grade, Distribution Channel, Application and region. Based on Product Type, the market is segmented into Commodity Bitumen and Specialty Bitumen. Based on Form, the market is segmented into Liquid Form and Solid Form. Based on Source, the market is segmented into Natural and Synthetic. Based on Production Process, the market is segmented into Distillation, Oxidation and Solvent Extraction. Based on Grade, the market is segmented into Penetration Grade, Performance Grade and Viscosity Grade. Based on Distribution Channel, the market is segmented into Offline and Online. Based on Application, the market is segmented into Adhesives & Sealants, Insulation, Roadways and Waterproofing. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Global Bitumen Market

The growing emphasis on infrastructure development worldwide, particularly in emerging regions such as Southeast Asia, Africa, and South America, significantly fuels the demand for bitumen. Essential construction projects, including roads, urban transit systems, airport runways, and bridges, rely on different grades of bitumen due to their excellent adhesive and waterproofing qualities. As nations increasingly allocate substantial resources to enhance their transportation networks, the dependency on asphalt-based materials continues to rise. This heightened focus on infrastructure not only stimulates economic growth but also reinforces the critical role of bitumen in meeting the evolving needs of modern construction and development.

Restraints in the Global Bitumen Market

A significant challenge facing the global bitumen market is the growing environmental concern associated with its extraction, processing, and application. The production and application of bitumen release volatile organic compounds (VOCs) and greenhouse gases, contributing to air pollution. As the push for carbon emissions reduction intensifies worldwide, industries are increasingly required to explore cleaner alternatives or invest in costly pollution control technologies. This shift not only raises regulatory challenges but also creates economic pressures for both bitumen producers and users. Consequently, navigating these environmental issues could hinder the market's growth and sustainability in the long run.

Market Trends of the Global Bitumen Market

The Global Bitumen market is witnessing a significant shift towards sustainability, characterized by the increasing adoption of recycled asphalt pavement (RAP) and rejuvenators. This trend reflects a broader commitment to circular economy practices, which prioritize the reuse of materials and reduce reliance on virgin bitumen. As environmental concerns gain prominence, construction companies and policymakers are re-evaluating their material procurement strategies to integrate sustainable options, ultimately reducing carbon footprints. The emphasis on recycled bitumen not only addresses waste management challenges but also enhances the overall efficiency of road construction processes, positioning the industry for a more sustainable future.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Drivers & Opportunities
  • Restraints & Challenges
• Porters Analysis
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Market Attractiveness Index, 2024
• PESTEL Analysis
• Macro-Economic Indicators
• Value Chain Analysis
• Pricing Analysis
• Technology Assessment
• Regulatory Landscape

Global Bitumen Market Size by Product Type & CAGR (2025-2032)

• Market Overview
• Commodity Bitumen
  • Bitumen Emulsions
  • Cutback Bitumen
  • Oxidized Bitumen
  • Paving Grade Bitumen
• Specialty Bitumen
  • Bitumen Blends & Additives
  • Crumb Rubber Modified Bitumen (CRMB)
  • Industrial Bitumen
  • Polymer Modified Bitumen (PMB)

Global Bitumen Market Size by Form & CAGR (2025-2032)

• Market Overview
• Liquid Form
• Solid Form

Global Bitumen Market Size by Source & CAGR (2025-2032)

• Market Overview
• Natural
• Synthetic

Global Bitumen Market Size by Production Process & CAGR (2025-2032)

• Market Overview
• Distillation
• Oxidation
• Solvent Extraction

Global Bitumen Market Size by Grade & CAGR (2025-2032)

• Market Overview
• Penetration Grade
• Performance Grade
• Viscosity Grade

Global Bitumen Market Size by Distribution Channel & CAGR (2025-2032)

• Market Overview
• Offline
• Online

Global Bitumen Market Size by Application & CAGR (2025-2032)

• Market Overview
• Adhesives & Sealants
• Insulation
  • Sound Insulation
  • Thermal Insulation
• Roadways
  • Airport Infrastructure
  • Highways & Bridges
  • Streets & Urban Roads
• Waterproofing
  • Roof Waterproofing
  • Structural Waterproofing
  • Wall Waterproofing

Global Bitumen Market Size & CAGR (2025-2032)

• North America (Product Type, Form, Source, Production Process, Grade, Distribution Channel, Application)
  • US
  • Canada
• Europe (Product Type, Form, Source, Production Process, Grade, Distribution Channel, Application)
  • Germany
  • Spain
  • France
  • UK
  • Italy
  • Rest of Europe
• Asia Pacific (Product Type, Form, Source, Production Process, Grade, Distribution Channel, Application)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Latin America (Product Type, Form, Source, Production Process, Grade, Distribution Channel, Application)
  • Brazil
  • Rest of Latin America
• Middle East & Africa (Product Type, Form, Source, Production Process, Grade, Distribution Channel, Application)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2024
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2024
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2022-2024)

Key Company Profiles

• Shell (UK)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• ExxonMobil (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• China Petroleum & Chemical Corporation (Sinopec) (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• TotalEnergies (France)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• BP (UK)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Indian Oil Corporation (India)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Nynas AB (Sweden)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• PetroChina Company Limited (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Gazprom Neft (Russia)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Marathon Petroleum Corporation (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Chevron (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Valero Energy Corporation (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• B. Braun Melsungen (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• The Bouygues Group (France)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• ENEOS Corporation (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Suncor Energy Inc. (Canada)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Icopal (Denmark)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Kraton Corporation (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Hindustan Petroleum Corporation Limited (India)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• RAHA Bitumen, Inc. (Iran)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendations