Market Overview:
The global bitumen-based adhesive market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for adhesives in various applications, such as architecture, packing, medical care, and others. In terms of type, the global bitumen-based adhesive market is segmented into liquid state, paste state, and solid state. The liquid state segment is expected to dominate the global bitumen-based adhesive market during the forecast period owing to its high adhesion and bonding strength properties. In terms of application, the global bitumen-based adhesive market is segmented into architecture; packing; medical care; automotive & transportation; furniture & fixtures; consumer goods & electronics; construction & building materials ; and others . The construction & building materials segment accounted for a major share of the global bitumen-based adhesive market in 2017 and is projected to grow at a significant rate during the forecast period .
Product Definition:
A bitumen-based adhesive is a type of adhesive that is made from bitumen. Bitumen is a type of petroleum that is thick and sticky. It is used to make roads, roofs, and other surfaces waterproof. Bitumen-based adhesives are also used in construction projects to attach pieces of wood, metal, or plastic together.
Liquid State:
Liquid state is a special type of adhesive, which is used to bond two or more substances together. It has the ability to transform from a liquid to an elastic solid in response to temperature changes. The product finds application in various end-use industries such as construction, automotive and packaging among others.
Paste:
Paste is a thickening agent made from either of the following: animal fat, vegetable oil or lard, and/or bone meal. It is used as an adhesive in bitumen-based road surfaces. Paste can be differentiated from liquid asphalt by observing its viscosity when tested under a microscope; paste has a lower shear rate and hence offers better adhesion to the substrate than liquid asphalt.
Application Insights:
The architecture application segment led the global bitumen based adhesive market in 2017. The growth can be attributed to the increasing construction activities in developing countries such as India, China and Brazil. In addition, factors such as growing urbanization and rising disposable income are expected to drive demand for new residential buildings over the forecast period.
Packing is another major application of bitumen based adhesives which was valued at USD 536 million in 2017 owing to high demand from various industries including mining, automotive and construction among others. Growing packing industry across emerging markets of Latin America is also likely to boost product consumption over the next few years.
Medical care was estimated as one of the largest applications owing to increasing utilization for wound closure procedures especially after surgeries or trauma cases involvingbites or stings by animals like dogs, cats etc.
Regional Analysis:
Asia Pacific was the dominant regional market in 2017 and accounted for over 45% of the overall revenue share. The region is also expected to be the fastest-growing market at a CAGR of XX% from 2018 to 2030 owing to rapid infrastructural development coupled with growing automotive industry in countries such as China, India, Indonesia, Vietnam and Thailand among others.
The construction sector has witnessed significant growth over the past few years on account of increasing government spending on infrastructure projects such as roads and buildings which has led to increased demand for bitumen based adhesive products across various applications including architecture, packing & sealing etcetera. Increasing number of green building constructions due to strict regulations by regulatory bodies like Green Building Council (GBC) is projected favorably impact industry growth positively over next eight years.
Growth Factors:
- Increasing demand for bitumen based adhesive in construction industry due to its superior properties such as high bonding strength, water resistance and chemical resistance.
- Rising demand for bitumen based adhesive in automotive industry due to its ability to withstand extreme weather conditions and high temperature.
- Growing use of bitumen based adhesive in manufacturing sector for bonding various components together owing to its strong adhesion properties.
- Increasing application of bitumen based adhesive in roofing and flooring applications due to its durability and weatherproof nature.
Scope Of The Report
Report Attributes
Report Details
Report Title
Bitumen Based Adhesive Market Research Report
By Type
Liquid State, Paste, Solid State
By Application
Architecture, Packing, Medical Care, Others
By Companies
DowDuPont, Hexcel, Henkel, Ashland, Bostik, Daubert Chemical Company
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
137
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Bitumen Based Adhesive Market Report Segments:
The global Bitumen Based Adhesive market is segmented on the basis of:
Types
Liquid State, Paste, Solid State
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Architecture, Packing, Medical Care, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- DowDuPont
- Hexcel
- Henkel
- Ashland
- Bostik
- Daubert Chemical Company
Highlights of The Bitumen Based Adhesive Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Liquid State
- Paste
- Solid State
- By Application:
- Architecture
- Packing
- Medical Care
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bitumen Based Adhesive Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Bitumen based adhesive is a type of adhesive that is made from bitumen, a thick oil-like substance. Bitumen based adhesives are often used to attach pieces of paper or other materials together.
Some of the key players operating in the bitumen based adhesive market are DowDuPont, Hexcel, Henkel, Ashland, Bostik, Daubert Chemical Company.
The bitumen based adhesive market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bitumen Based Adhesive Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Bitumen Based Adhesive Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bitumen Based Adhesive Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Bitumen Based Adhesive Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Bitumen Based Adhesive Market Size & Forecast, 2020-2028
4.5.1 Bitumen Based Adhesive Market Size and Y-o-Y Growth
4.5.2 Bitumen Based Adhesive Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Liquid State
5.2.2 Paste
5.2.3 Solid State
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Architecture
6.2.2 Packing
6.2.3 Medical Care
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bitumen Based Adhesive Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Bitumen Based Adhesive Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Liquid State
9.6.2 Paste
9.6.3 Solid State
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Architecture
9.10.2 Packing
9.10.3 Medical Care
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Liquid State
10.6.2 Paste
10.6.3 Solid State
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Architecture
10.10.2 Packing
10.10.3 Medical Care
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Liquid State
11.6.2 Paste
11.6.3 Solid State
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Architecture
11.10.2 Packing
11.10.3 Medical Care
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Liquid State
12.6.2 Paste
12.6.3 Solid State
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Architecture
12.10.2 Packing
12.10.3 Medical Care
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Liquid State
13.6.2 Paste
13.6.3 Solid State
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Architecture
13.10.2 Packing
13.10.3 Medical Care
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Bitumen Based Adhesive Market: Competitive Dashboard
14.2 Global Bitumen Based Adhesive Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 DowDuPont
14.3.2 Hexcel
14.3.3 Henkel
14.3.4 Ashland
14.3.5 Bostik
14.3.6 Daubert Chemical Company
