Asia-Pacific Bitumen Market Outlook 2024: Regional Opportunity Assessment And Demand Analysis, Market Forecast, 2016-2024

In Asia Pacific, China itself is the 13.2 million metric ton asphalt industry attributing to new construction and maintenance/repairs. By identifying a solvent or solvent blend, capable of selective flocculation and precipitation of the clay−water clusters while precipitating only a minor amount of asphaltene bitumen recovery can be improved. Water-based bitumen extraction from Athabasca oil sands involves four steps: Oil sand lump size reduction, bitumen liberation, aeration, flotation and interactions. Bitumen demand in Asian countries is strong, however China have been suffering from oversupply and accounting for the lion’s share i.e. nearly two-third of total bitumen consumption. It is predicted that in the upcoming years (probably after 5-6 years) Asian bitumen market will be totally oversupplied too.

Shell’s pioneering inventions in colored binders, low-temperature solutions; low-odor bitumen and underwater adhesives have set the industry standards for these applications and range of solutions from airports and highways to roofing and Formula One tracks.

Market Segmentation

By Grades

Hard Grade
Soft Grade
Polymer Modified Bitumen (PMB)
By Product

Paving grade bitumen
Oxidized bitumen
Cutback bitumen
Bitumen emulsion
Polymer Modified Bitumen (PMB)
Others (including bitumen formed due to addition of zinc, copper, etc.)
By Application

Roadways
Waterproofing
Adhesives
Insulation
Others
By Countries

China {Market Share (%), Market Size (USD Million), Adoption Rate (%)}
Japan {Market Share (%), Market Size (USD Million), Adoption Rate (%)}
India {Market Share (%), Market Size (USD Million), Adoption Rate (%)}
Australia {Market Share (%), Market Size (USD Million), Adoption Rate (%)}
Taiwan {Market Share (%), Market Size (USD Million), Adoption Rate (%)}
South Korea {Market Share (%), Market Size (USD Million), Adoption Rate (%)}
Indonesia {Market Share (%), Market Size (USD Million), Adoption Rate (%)}
Thailand {Market Share (%), Market Size (USD Million), Adoption Rate (%)}
Singapore {Market Share (%), Market Size (USD Million), Adoption Rate (%)}
New Zealand {Market Share (%), Market Size (USD Million), Adoption Rate (%)}
Philippines {Market Share (%), Market Size (USD Million), Adoption Rate (%)}
Growth Drivers and Challenges

Product stewardship along with technical specification and focus on infrastructure projects in Australia, replacement of closed refineries with trading houses and imports from Singapore, Thailand, South Korea, Malaysia, initiative to build new road and rail networks and investments in storage and shipping businesses are the major growth drivers of APAC bitumen market. In addition, developing storage infrastructure and introduction of innovative packaging solutions tends to take bitumen market on heights.

However, bitumen manufacturers face tough challenges due to the sanctions imposed on the country by the respective government along with a falling domestic market and declining prices in China due to over-supply and weak demand hinders the APAC bitumen market.

Market Size and Forecast (2016-2024)

Global bitumen market size is poised to exceed USD 110 billion by 2024 and is expected to expand at a CAGR of 6.59% over the forecast period. APAC is projected to account for a volume share of around 31% of the global bitumen market by the end of the 2024 owing to rising construction projects in India, China, Thailand, and Vietnam.

On the basis of application, road construction share is forecast to witness highest gains over the projected timeframe while waterproofing applications was valued at over USD 8.78 billion in 2016. On the basis of product, PMB market size is projected to dominate the bitumen market while paving bitumen market is forecast to witness gains more than 2.25% CAGR over the estimated period.

In APAC, India is the promising market, with a recommencing emphasis on infrastructure by the government and USD 162 billion were spent on roads and bridges between 2012 and 2017, deeming for over 17% of India’s total infrastructure expenditure. Nearly two-third of total worldwide bitumen consumption is attributed to China making it the largest consumer of APAC as well as global bitumen market.

Key Market Players

British Petroleum
Synopsis
Business Strategy
Product Portfolio
SWOT Analysis
Total S.A.
Chevron Texaco Corporation
China Petroleum and Chemical Corporation
Indian Oil Corporation
Royal Dutch Shell Plc.
JX Nippon Oil & Energy Corporation
Petroleos Mexicanos
Bouygues S.A.
NuStar Energy
Villas Austria GmbH
Marathon Oil Corporation
Exxon Mobil Corporation
Nynas AB
Petróleos Mexicanos (PEMEX)
Valero Energy Corporation
Shell
Scope Background

Market Synopsis

Market Segmentation

Asia-Pacific Bitumen Market is segmented as follows:

By Grade (Market Size, Demand Analysis and Growth Analysis)
By Product (Market Size, Demand Analysis and Growth Analysis)
By Application (Market Size, Demand Analysis and Growth Analysis)
By Countries

China {Market Size, Growth Analysis and Opportunity Analysis}
Japan {Market Size, Growth Analysis and Opportunity Analysis}
India {Market Size, Growth Analysis and Opportunity Analysis}
South Korea {Market Size, Growth Analysis and Opportunity Analysis}
Taiwan {Market Size, Growth Analysis and Opportunity Analysis}
Australia {Market Size, Growth Analysis and Opportunity Analysis}
New Zealand {Market Size, Growth Analysis and Opportunity Analysis}
Thailand {Market Size, Growth Analysis and Opportunity Analysis}
Philippines {Market Size, Growth Analysis and Opportunity Analysis}
Indonesia {Market Size, Growth Analysis and Opportunity Analysis}
Singapore {Market Size, Growth Analysis and Opportunity Analysis}
Market Dynamics: Growth Drivers, Restraints and Opportunities

Risk Factors
Regional Variations
Recent Trends and Developments
Key Market Players

Synopsis
Business Strategy
Product Portfolio
SWOT Analysis
Porter’s Five Force Model

Market Landscape: Competition and Beyond

Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem

Expert Analysis

Concluding Remarks

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https://www.pinakiresearch.com/reports/744/asia-pacific-bitumen-market-outlook-2024-regional-opportunity-assessment-and-demand-analysis-market-forecast-2016-2024

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