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Bitumen Companies (2024 - 2029)

Various companies in the energy sector, including multinational corporations and state-owned enterprises, are making significant strides in their respective fields. These businesses range from oil and gas giants to innovative firms specializing in new energy solutions. They are actively involved in exploration, production, refining, and distribution of energy resources, contributing to global energy security and economic growth. Despite the challenges posed by market volatility and environmental concerns, these organizations continue to innovate and adapt, demonstrating resilience and commitment to sustainable practices.

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Team License

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Corporate License

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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.

  1. Exxon Mobil Corporation

  2. China Petroleum & Chemical Corporation

  3. NYNAS AB

  4. Shell

  5. BP plc

*Disclaimer: Top companies sorted in no particular order

Bitumen Market Major Players

Bitumen Market Concentration

Bitumen Market Concentration

Bitumen Company List

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Road Construction and Repair Activities

      2. 4.1.2 Demand from Commercial and Domestic Building Constructions

    2. 4.2 Restraints

      1. 4.2.1 Environmental Concerns

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

    5. 4.5 Feedstock Analysis

  5. 5. MARKET SEGMENTATION (Market Size in Volume)

    1. 5.1 By Product Type

      1. 5.1.1 Paving Grade

      2. 5.1.2 Hard Grade

      3. 5.1.3 Oxidized Grade

      4. 5.1.4 Bitumen Emulsions

      5. 5.1.5 Polymer Modified Bitumen

      6. 5.1.6 Other Product Types (Emulsified)

    2. 5.2 By Application

      1. 5.2.1 Road Construction

      2. 5.2.2 Waterproofing

      3. 5.2.3 Adhesives

      4. 5.2.4 Other Applications (Industrial Coatings)

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Indonesia

        6. 5.3.1.6 Thailand

        7. 5.3.1.7 Malaysia

        8. 5.3.1.8 Vietnam

        9. 5.3.1.9 ASEAN Countries

        10. 5.3.1.10 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Russia

        6. 5.3.3.6 Spain

        7. 5.3.3.7 Turkey

        8. 5.3.3.8 NORDIC

        9. 5.3.3.9 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Colombian

        4. 5.3.4.4 Rest of South America

      5. 5.3.5 Middle East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Nigeria

        4. 5.3.5.4 Qatar

        5. 5.3.5.5 Egypt

        6. 5.3.5.6 UAE

        7. 5.3.5.7 Rest of Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share(%)**/Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 BMI Group (Icopal Enterprise ApS)

      2. 6.4.2 Bouygues Group

      3. 6.4.3 BP PLC

      4. 6.4.4 China Petroleum & Chemical Corporation

      5. 6.4.5 ENEOS Corporation (JXTG Nippon Oil & Energy Corporation)

      6. 6.4.6 Exxon Mobil Corporation

      7. 6.4.7 Indian Oil Corporation Ltd

      8. 6.4.8 Kraton Corporation

      9. 6.4.9 Marathon Oil Company (Marathon Petroleum LP)

      10. 6.4.10 NYNAS AB

      11. 6.4.11 Shell

      12. 6.4.12 Suncor Energy Inc.

    5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Research and Development on Bitumen Processing to Improve Road Infrastructure

    2. 7.2 Development of High-Performance Bitumen Products


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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.

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Bitumen Companies - Table of Contents

  1. 1. COMPETITIVE LANDSCAPE

    1. 1.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 1.2 Market Share(%)**/Ranking Analysis

    3. 1.3 Strategies Adopted by Leading Players

    4. 1.4 Company Profiles

      1. 1.4.1 BMI Group (Icopal Enterprise ApS)

      2. 1.4.2 Bouygues Group

      3. 1.4.3 BP PLC

      4. 1.4.4 China Petroleum & Chemical Corporation

      5. 1.4.5 ENEOS Corporation (JXTG Nippon Oil & Energy Corporation)

      6. 1.4.6 Exxon Mobil Corporation

      7. 1.4.7 Indian Oil Corporation Ltd

      8. 1.4.8 Kraton Corporation

      9. 1.4.9 Marathon Oil Company (Marathon Petroleum LP)

      10. 1.4.10 NYNAS AB

      11. 1.4.11 Shell

      12. 1.4.12 Suncor Energy Inc.

    5. *List Not Exhaustive

Bitumen Companies FAQs

Exxon Mobil Corporation, China Petroleum & Chemical Corporation, NYNAS AB, Shell and BP plc are the major companies operating in the Bitumen Market.

Bitumen Market Report Snapshots

Bitumen Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2024 - 2029)