Oxidized Bitumen Market, Global Outlook and Forecast 2024-2030
The global Oxidized Bitumen market size was valued at US$ 923.4 million in 2024 and is projected to reach US$ 1.23 billion by 2030, at a CAGR of 4.9% during the forecast period 2024-2030.
The United States Oxidized Bitumen market size was valued at US$ 245.6 million in 2024 and is projected to reach US$ 315.8 million by 2030, at a CAGR of 4.3% during the forecast period 2024-2030.
Oxidized Bitumen is a modified form of bitumen produced through air-blowing, offering improved temperature stability and durability for roofing, waterproofing, and other construction applications.
The global Oxidized Bitumen market is experiencing moderate growth, driven by construction activity and infrastructure development. In 2023, production reached 15 million metric tons, with roofing applications accounting for 60% of demand. The market saw a 15% increase in modified oxidized bitumen adoption in 2023. Grade 95/25 dominates with a 45% market share, while high-performance grades are growing at 7% annually. Asia Pacific leads with a 38% market share, while Middle East is the fastest-growing region at 6.2% CAGR. The industry is focusing on developing polymer-modified variants, with a 20% growth in R&D investments for enhanced performance properties.
Report Overview
This report provides a deep insight into the global Oxidized Bitumen market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Oxidized Bitumen Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Oxidized Bitumen market in any manner.
Global Oxidized Bitumen Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
Eagle Petrochem
RAHA GROUP
ATDM CO
Asia Bitumen
Tiki Tar Industries
Aromachimie
Petro Tar Co
Market Segmentation (by Type)
Grade 95/25
Grade 85/25
Grade 90/40
Grade115/15
Other
Market Segmentation (by Application)
Paints
Cements
Pipe Coatings
Metal Primers
Other
Geographic Segmentation
