BITUMEN MARKET ANALYSIS

Bitumen Market, By Product Type (Paving Grade Bitumen, Oxidized Bitumen, Cutback Bitumen, Bitumen Emulsions, Natural Bitumen (Gil Sonite), and Others), By Application (Roadways, Waterproofing, Adhesives, Insulation, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Feb 2025
Code : CMI3308
Pages :134
Formats :
Excel and PDF
Industry : Bulk Chemicals

Bitumen Market Size and Trends

The bitumen market is estimated to be valued at USD 66.26 Bn in 2025 and is expected to reach USD 73.08 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 1.4% from 2025 to 2032.

Bitumen Market Key Factors

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While growth in emerging economies will support the demand for bitumen, concerns around environmental impact and focus on recycling waste may hamper the full potential of the market growth. The market growth is further driven growing infrastructure development projects along with increasing road construction activities worldwide. For instance, according to the Petro Naft, increasing investments in road infrastructure development projects particularly in Asian countries will ensure steady demand for bitumen in the coming years.