Asia-Pacific Bitumen Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Asia-Pacific Bitumen Market is segmented by Product Type (Paving Grade, Hard Grade, Oxidized Grade, Bitumen Emulsions, Polymer Modified Bitumen, and Other Product Types), Application (Road Construction, Waterproofing, Adhesives, and Other Applications), and Geography (China, India, Japan, South Korea, ASEAN Countries, and Rest of Asia-Pacific). The report will offer the market size and forecasts on the basis of volume (tons) for all the above-mentioned segments.

Asia-Pacific Bitumen Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Asia-Pacific Bitumen Market Size

Asia-Pacific Bitumen Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2019 - 2023
CAGR 4.90 %
Market Concentration Low

Major Players

Asia-Pacific Bitumen Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Asia-Pacific Bitumen Market with other markets in Chemicals & Materials Industry

Plastics, Polymers, and Elastomers

Adhesives and Sealants

Commodity Chemicals

Water and Wastewater Treatment

Advanced Materials

Construction Chemicals and Materials

Asia-Pacific Bitumen Market Analysis

The Asia-Pacific Bitumen Market is expected to register a CAGR of 4.9% during the forecast period.

The COVID-19 pandemic has affected several industries negatively. The lockdown in most Asian countries caused disruptions in production, as well as industrial activities, and restrictions on freight transportation, disturbed the supply chain. However, the conditions started recovering in 2021, restoring the market's growth trajectory.

  • The growing road construction projects in major economies like China and India, and the increasing consumption of bitumen in waterproofing applications are likely to drive the growth of the market studied.
  • However, the environmental concerns associated with bitumen and the usage of concrete for road construction are likely to restrain the growth of the studied market.
  • Nevertheless, research on development of high-performance bitumen products will likely create lucrative growth opportunities for the studied market.

China represents the largest market over the forecast period due to the increasing consumption in expressway constructions.

Asia-Pacific Bitumen Industry Overview

The Asia-Pacific Bitumen Market is highly fragmented in nature. The major players (not in any particular order) include China Petroleum & Chemical Corporation, Shell Plc, BP PLC, Exxon Mobil Corporation, and JXTG Nippon Oil & Energy Corporation, among others.

Asia-Pacific Bitumen Market Leaders

  1. China Petroleum & Chemical Corporation

  2. Shell Plc

  3. BP PLC

  4. Exxon Mobil Corporation

  5. JXTG Nippon Oil & Energy Corporation

  6. *Disclaimer: Major Players sorted in no particular order
Asia-Pacific Bitumen Market Concentration
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Asia-Pacific Bitumen Market News

  • April 2023: Downer Group commenced an Ammann plant based on the success of its other Ammann plants in Australia. Downer can include up to three different granular additive types in a mix and up to three liquid additives. The facility can vertically store 6,000 tonnes of aggregate and 720 cubic meters of bitumen.
  • February 2023: Porner Group is set to construct three new Bitumen production plants for IOCL with its Biturox process in Paradip and Barauni, India. The new plant in Barauni is expected to produce 300 kilotons per annum (KTPA) of bitumen to meet the demand for bitumen products in Eastern India, whereas the new plant in Paradip, Gujarat, is expected to produce 500 KTPA.

Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Growing Roadways Network in China and India
    • 4.1.2 Increasing Demand for Waterproofing Applications
    • 4.1.3 Other Drivers
  • 4.2 Restraints
    • 4.2.1 Environmental Concerns Regarding the Usage of Bitumen
    • 4.2.2 Concrete as a Substitute for Bitumen in Road Construction
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining power of Buyers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition

5. MARKET SEGMENTATION (Market Size in Volume)

  • 5.1 Product Type
    • 5.1.1 Paving Grade
    • 5.1.2 Hard Grade
    • 5.1.3 Oxidized Grade
    • 5.1.4 Bitumen Emulsions
    • 5.1.5 Polymer Modified Bitumen
    • 5.1.6 Other Product Types (Cutback Bitumen and Crystal Bitumen)
  • 5.2 Application
    • 5.2.1 Road Construction
    • 5.2.2 Waterproofing
    • 5.2.3 Adhesives
    • 5.2.4 Other Applications (Coating and Canal Lining)
  • 5.3 Geography
    • 5.3.1 China
    • 5.3.2 India
    • 5.3.3 Japan
    • 5.3.4 South Korea
    • 5.3.5 ASEAN Countries
    • 5.3.6 Rest of Asia-Pacific

6. COMPETITIVE LANDSCAPE

  • 6.1 Merger & Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share (%)**/Ranking Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 ASIA Bitumen
    • 6.4.2 Bouygues
    • 6.4.3 BP PLC
    • 6.4.4 China Petroleum & Chemical Corporation
    • 6.4.5 Exxon Mobil Corporation
    • 6.4.6 Icopal ApS
    • 6.4.7 Indian Oil Corporation Ltd
    • 6.4.8 JXTG Nippon Oil & Energy Corporation
    • 6.4.9 KRATON CORPORATION
    • 6.4.10 Marathon Oil Company
    • 6.4.11 RAHA Bitumen, Inc.
    • 6.4.12 Richmond Group
    • 6.4.13 Shell Plc
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Research on Development of High-Performance Bitumen Products
  • 7.2 Other Opportunities
**Subject to Availability
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Asia-Pacific Bitumen Industry Segmentation

Bitumen is a black or dark brown non-crystalline soil or viscous material having adhesive properties. It is derived from petroleum crude either naturally or through refinery processes. Bitumen is commonly used as a binder in the construction of roads, runways, and platforms, and for waterproofing and adhesive applications in residential and commercial construction.

The Asia-Pacific Bitumen Market is segmented by product type, application, and geography. By product type, the market is segmented into Paving Grade, Hard Grade, Oxidized Grade, Bitumen Emulsions, Polymer Modified Bitumen, and Other Product Types (Cutback Bitumen and Crystal Bitumen). By application type, the market is segmented into Road Construction, Waterproofing, Adhesives, and Other Applications (Coating and Canal Lining).

The report also covers the market size and forecasts for the Asia-Pacific Bitumen Market in 5 countries across the Asia-Pacific region. For each segment, the market sizes and forecasts are provided in terms of volume (tons).

Product Type Paving Grade
Hard Grade
Oxidized Grade
Bitumen Emulsions
Polymer Modified Bitumen
Other Product Types (Cutback Bitumen and Crystal Bitumen)
Application Road Construction
Waterproofing
Adhesives
Other Applications (Coating and Canal Lining)
Geography China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific
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Frequently Asked Questions

What is the current undefined size?

The undefined is projected to register a CAGR of 4.9% during the forecast period (2025-2030)

Who are the key players in undefined?

China Petroleum & Chemical Corporation, Shell Plc, BP PLC, Exxon Mobil Corporation and JXTG Nippon Oil & Energy Corporation are the major companies operating in the undefined.

What years does this undefined cover?

The report covers the undefined historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the undefined size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Asia-Pacific Bitumen Market Industry Report

Statistics for the 2025 Asia-Pacific Bitumen market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Bitumen analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.