Top Companies in Bitumen Market
This report lists the top Bitumen companies based on the 2023 & 2024 market share reports. Mordor Intelligence expert advisors conducted extensive research and identified these brands to be the leaders in the Bitumen industry.
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Exxon Mobil Corporation
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China Petroleum & Chemical Corporation
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NYNAS AB
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Shell
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BP plc
*Disclaimer: Top companies sorted in no particular order
BitumenMarket Concentration
BitumenCompany List
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BMI Group (Icopal Enterprise ApS)
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Bouygues Group
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BP PLC
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China Petroleum & Chemical Corporation
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ENEOS Corporation (JXTG Nippon Oil & Energy Corporation)
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Exxon Mobil Corporation
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Indian Oil Corporation Ltd
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Kraton Corporation
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Marathon Oil Company (Marathon Petroleum LP)
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NYNAS AB
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Shell
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Suncor Energy Inc.
Specific to Bitumen Market
Competitive Landscape Report Includes
Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments). Key Strategic Moves, Market Share Analysis, Company Landscape, and List of Companies.
Bitumen Market Companies Summary
The bitumen market has been impacted by the global pandemic, with a reduction in demand due to the temporary suspension of major construction projects. However, the market has gradually recovered post-2020, driven by resumed construction activities in various regions. Key market growth drivers include an increase in road construction and repair activities, and a growing demand for bitumen in commercial and domestic building construction sectors. However, environmental concerns related to bitumen use, which results in harmful atmospheric emissions, have been a hindrance to market growth. Despite this, research and development in bitumen processing for improved road infrastructure, and the development of high-performance bitumen products, are expected to create opportunities for the market in the future. The bitumen market is fragmented, with no single enterprise holding a dominant market share. Major players in the market include multinational corporations involved in oil and gas exploration, production and refining, as well as chemical manufacturing. The majority of bitumen is processed into asphalt for road construction, with the substance serving as a binding agent ensuring the stability of asphalt. The market is expected to see significant growth in developing economies in the Asia-Pacific region, particularly in the transportation sector, due to increasing urbanization and a shift toward developing secondary sectors in these countries. The bitumen market is likely to grow globally during the forecast period, with the Asia-Pacific region expected to dominate the market.
Explore MoreBitumen Companies - Table of Contents
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1. COMPETITIVE LANDSCAPE
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1.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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1.2 Market Share(%)**/Ranking Analysis
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1.3 Strategies Adopted by Leading Players
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1.4 Company Profiles
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1.4.1 BMI Group (Icopal Enterprise ApS)
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1.4.2 Bouygues Group
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1.4.3 BP PLC
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1.4.4 China Petroleum & Chemical Corporation
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1.4.5 ENEOS Corporation (JXTG Nippon Oil & Energy Corporation)
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1.4.6 Exxon Mobil Corporation
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1.4.7 Indian Oil Corporation Ltd
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1.4.8 Kraton Corporation
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1.4.9 Marathon Oil Company (Marathon Petroleum LP)
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1.4.10 NYNAS AB
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1.4.11 Shell
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1.4.12 Suncor Energy Inc.
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- *List Not Exhaustive
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Bitumen Companies FAQs
Who are the key players in Bitumen Market?
Exxon Mobil Corporation, China Petroleum & Chemical Corporation, NYNAS AB, Shell and BP plc are the major companies operating in the Bitumen Market.