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Africa bitumen market has been gaining significant traction over the recent years. Bitumen which is a black viscous mixture of organic compounds is majorly used in road construction activities. The growing construction industry and increasing government investments in road infrastructure development projects across various countries in Africa are propelling the demand for bitumen in the region. Additionally, the rising trade activities between African countries and strong focus towards improving regional connectivity are further augmenting the growth of bitumen market in Africa. However, volatility in crude oil prices which is the major raw material for bitumen production is a key challenge for market players. But ongoing initiatives towards boosting indigenous crude oil production and making use of alternative materials for bitumen manufacturing are expected to provide new opportunities in the future.

Market Dynamics:

The key drivers fueling the Africa bitumen market include rapid urbanization, growing population, and rising economic activities in various African nations. The African development bank and other international organizations have also significantly ramped up investments to develop road network across rural and remote areas. This is positively impacting the consumption of bitumen for road construction. However, high dependence on import of crude oil from global markets makes the industry highly susceptible to price volatility which acts as a major restrain. Also, inadequate supply chain and logistics infrastructure in some African countries pose challenges. To counter these limitations, market players are focusing on strategic collaborations with local construction companies and governments to ensure uninterrupted supply. They are also exploring opportunities to use alternative feedstock like palm oil for bitumen production to reduce import dependence. Such initiatives are expected to present new avenues for sustained growth over the coming years.

Key Features of the Study:

- This report provides in-depth analysis of the Africa bitumen market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year

- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

- It profiles key players in the global Africa bitumen market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies

- Key companies covered as a part of this study include TotalEnergies SE, Shell Bitumen, BP plc, ExxonMobil, Colas S.A., Marathon Petroleum Corporation, Nynas AB, Sinopec Limited, Sasol Limited, Bitumina Industry and Trade Inc., African Bitumen Manufacturers (ABM), Karpowership, Tarmac, H.B. Fuller Company, and CEMEX S.A.B. de C.V.

- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

- The Africa bitumen market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the Africa bitumen market

Detailed Segmentation-

  • By  Type Insights (Revenue, US$ Mn, 2019 - 2031)
    • Penetration Grade Bitumen
    • Modified Bitumen
    • Emulsified Bitumen
    • Others
  • By Application Insights (Revenue, US$ Mn, 2019 - 2031)
    • Road Construction
    • Roofing
    • Paving
    • Others
  • By End User Insights (Revenue, US$ Mn, 2019 - 2031)
    • Construction Industry
    • Infrastructure Development
    • Residential Sector
    • Others
  • Key Players Insights
    • TotalEnergies SE
    • Shell Bitumen
    • BP plc
    • ExxonMobil
    • Colas S.A.
    • Marathon Petroleum Corporation
    • Nynas AB
    • Sinopec Limited
    • Sasol Limited
    • Bitumina Industry and Trade Inc.
    • African Bitumen Manufacturers (ABM)
    • Karpowership
    • Tarmac
    • B. Fuller Company
    • CEMEX S.A.B. de C.V.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Type
      • Market Snippet, By Application
      • Market Snippet, By End User
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • Industry Trend
    • Merger and Acquisitions
    • New System Launches/Approvals
    • Impact of COVID-19 Pandemic
  4. Africa Bitumen Market, By Type, 2019-2031, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2024 and 2031 (%)
      • Y-o-Y Growth Analysis, 2020-2031
      • Segment Trends
    • Penetration Grade Bitumen
      • Introduction
      • Market Size and Forecast, 2019–2031, (US$ Mn)
    • Modified Bitumen
      • Introduction
      • Market Size and Forecast, 2019–2031, (US$ Mn)
    • Emulsified Bitumen
      • Introduction
      • Market Size and Forecast, 2019–2031, (US$ Mn)
    • Others
      • Introduction
      • Market Size and Forecast, 2019–2031, (US$ Mn)
  5. Africa Bitumen Market, By Application, 2019-2031, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2024 and 2031 (%)
      • Y-o-Y Growth Analysis, 2020-2031
      • Segment Trends
    • Road Construction
      • Introduction
      • Market Size and Forecast, 2019–2031, (US$ Mn)
    • Roofing
      • Introduction
      • Market Size and Forecast, 2019–2031, (US$ Mn)
    • Paving
      • Introduction
      • Market Size and Forecast, 2019–2031, (US$ Mn)
    • Others
      • Introduction
      • Market Size and Forecast, 2019–2031, (US$ Mn)
  6. Africa Bitumen Market, By End User, 2019-2031, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2024 and 2031 (%)
      • Y-o-Y Growth Analysis, 2020-2031
      • Segment Trends
    • Construction Industry
      • Introduction
      • Market Size and Forecast, 2019–2031, (US$ Mn)
    • Infrastructure Development
      • Introduction
      • Market Size and Forecast, 2019–2031, (US$ Mn)
    • Residential Sector
      • Introduction
      • Market Size and Forecast, 2019–2031, (US$ Mn)
    • Others
      • Introduction
      • Market Size and Forecast, 2019–2031, (US$ Mn)
  7. Competitive Landscape
    • Company Profiles
      • TotalEnergies SE
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Shell Bitumen
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • BP plc
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • ExxonMobil
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Colas S.A.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Marathon Petroleum Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Nynas AB
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Sinopec Limited
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Sasol Limited
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Bitumina Industry and Trade Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • African Bitumen Manufacturers (ABM)
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Karpowership
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Tarmac
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • B. Fuller Company
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • CEMEX S.A.B. de C.V.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
  8. Analyst Recommendations
    • Wheel of Fortune
    • Analyst View
    • Coherent Opportunity Map
  9. Research Methodology
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 60 market data tables and 40 figures on " Bitumen Market - Africa forecast to 2031”

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