Market Overview:
The global eco-friendly bitumen market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for environment-friendly products across the globe. The global eco-friendly bitumen market has been segmented on the basis of type, application and region. On the basis of type, bio-based bitumen accounted for a major share in 2017 and is expected to maintain its dominance throughout the forecast period. Bio-based bitumen are made from renewable resources such as vegetable oils or animal fats which makes it environment friendly as compared to traditional petrochemical based bitumen products. Recycled Bitumen held second largest share in 2017 owing to its growing demand for sustainable construction applications across various regions globally. Natural Bitumen is also projected exhibit significant growth during 2018 – 2030 due mainly rising concerns towards environmental pollution caused by synthetic based products used in asphalt production process . On basis of application, construction held dominant position in 2017 and is anticipated grow at significant pace over next few years owing mounting infrastructure development activities around world coupled with stringent government regulations pertaining environmental protection measures .
Product Definition:
Bitumen is often called tar, especially when used as a road surface. It is a thick, black, sticky substance produced by the destructive distillation of organic matter such as wood or coal.
Bio-Based Bitumen:
Bio-based bitumen is a natural resource that can be produced from any plant matter such as vegetable oils, animal fats or recycled waste. It has high demand in the paving and roofing industry due to its superior properties such as long-lasting durability, improved performance over traditional asphalt and hot mix adhesives & sealants. Bio-based bitumen also provides environmental benefits by reducing carbon emissions during product manufacturing & transportation.
Recycled Bitumen:
Recycled Bitumen is a black, viscous liquid that is produced as a by-product in the process of refining crude oil into refined products. It contains naphthenic and paraffinic components along with some aromatic compounds. The product has high viscosity and low water content which makes it suitable for use in roofing applications.
Application Insights:
The construction application segment led the global eco-friendly bitumen market in 2017 and is projected to witness significant growth over the forecast period. Rapid urbanization coupled with rising demand for residential and commercial buildings across the globe is anticipated to drive product consumption in this application segment.
Paints and coatings are one of the major applications of eco-friendly bitumen owing to its properties, such as high resistance against chemicals, heat, cold water & ice; low shrinkage; high gloss; self-adhesive & non-skid surface which makes it ideal for coating purposes. The growing construction industry across developing countries including China India Vietnam Argentina etc., is expected to propel product demand in these applications during the forecast period. Increasing use of recycled materials by manufacturers owing to their lower cost compared with new raw materials will also have a positive impact on market growth over the next eight years or so.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 60% of the overall revenue in 2017 owing to high product demand from key industries, such as construction, automotive, and marine. China is one of the largest markets for eco-friendly bitumen products due to increasing investments in infrastructure development along with rapid urbanization across various parts of China.
The growth prospects for recycled content bitumen are promising as it can be used both indoors and outdoors which makes it suitable for use on residential as well as commercial structures.
Growth Factors:
- Increasing environmental awareness among consumers and governments
- Stringent government regulations for environment-friendly products
- Rising prices of crude oil and petrochemical products
- Development of innovative eco-friendly bitumen technologies
- Growing demand from the construction sector
Scope Of The Report
Report Attributes
Report Details
Report Title
Eco-Friendly Bitumen Market Research Report
By Type
Bio-Based Bitumen, Recycled Bitumen, Natural Bitumen
By Application
Construction, Waterproofing, Paints and Coatings, Others
By Companies
Agarwal Industrial Corporation, Avello Bioenergy, Bharat Petroleum, Cosmique, Eagle Petrochem, Gilsonite, Jalnidhi Bitumen Specialties, Mamz Asphalt Technologies, Nikan West Gilsonite, Nuroil Trading, Royal Dutch Shell, Zista
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
139
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Eco-Friendly Bitumen Market Report Segments:
The global Eco-Friendly Bitumen market is segmented on the basis of:
Types
Bio-Based Bitumen, Recycled Bitumen, Natural Bitumen
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
Construction, Waterproofing, Paints and Coatings, 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:
- Agarwal Industrial Corporation
- Avello Bioenergy
- Bharat Petroleum
- Cosmique
- Eagle Petrochem
- Gilsonite
- Jalnidhi Bitumen Specialties
- Mamz Asphalt Technologies
- Nikan West Gilsonite
- Nuroil Trading
- Royal Dutch Shell
- Zista
Highlights of The Eco-Friendly Bitumen 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:
- Bio-Based Bitumen
- Recycled Bitumen
- Natural Bitumen
- By Application:
- Construction
- Waterproofing
- Paints and Coatings
- 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 Eco-Friendly Bitumen 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?
Eco-friendly bitumen is a type of asphalt that uses less energy and water to produce than traditional asphalt. It also has lower emissions, making it a more environmentally friendly option.
Some of the major players in the eco-friendly bitumen market are Agarwal Industrial Corporation, Avello Bioenergy, Bharat Petroleum, Cosmique, Eagle Petrochem, Gilsonite, Jalnidhi Bitumen Specialties, Mamz Asphalt Technologies, Nikan West Gilsonite, Nuroil Trading, Royal Dutch Shell, Zista.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Eco-Friendly Bitumen 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 Eco-Friendly Bitumen Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Eco-Friendly Bitumen 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 Eco-Friendly Bitumen 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 Eco-Friendly Bitumen Market Size & Forecast, 2018-2028
4.5.1 Eco-Friendly Bitumen Market Size and Y-o-Y Growth
4.5.2 Eco-Friendly Bitumen Market Absolute $ Opportunity
Chapter 5 Global Eco-Friendly Bitumen 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 Eco-Friendly Bitumen Market Size Forecast by Type
5.2.1 Bio-Based Bitumen
5.2.2 Recycled Bitumen
5.2.3 Natural Bitumen
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Eco-Friendly Bitumen 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 Eco-Friendly Bitumen Market Size Forecast by Applications
6.2.1 Construction
6.2.2 Waterproofing
6.2.3 Paints and Coatings
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Eco-Friendly Bitumen 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 Eco-Friendly Bitumen 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 Eco-Friendly Bitumen Analysis and Forecast
9.1 Introduction
9.2 North America Eco-Friendly Bitumen 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 Eco-Friendly Bitumen Market Size Forecast by Type
9.6.1 Bio-Based Bitumen
9.6.2 Recycled Bitumen
9.6.3 Natural Bitumen
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 Eco-Friendly Bitumen Market Size Forecast by Applications
9.10.1 Construction
9.10.2 Waterproofing
9.10.3 Paints and Coatings
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 Eco-Friendly Bitumen Analysis and Forecast
10.1 Introduction
10.2 Europe Eco-Friendly Bitumen 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 Eco-Friendly Bitumen Market Size Forecast by Type
10.6.1 Bio-Based Bitumen
10.6.2 Recycled Bitumen
10.6.3 Natural Bitumen
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 Eco-Friendly Bitumen Market Size Forecast by Applications
10.10.1 Construction
10.10.2 Waterproofing
10.10.3 Paints and Coatings
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 Eco-Friendly Bitumen Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Eco-Friendly Bitumen 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 Eco-Friendly Bitumen Market Size Forecast by Type
11.6.1 Bio-Based Bitumen
11.6.2 Recycled Bitumen
11.6.3 Natural Bitumen
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 Eco-Friendly Bitumen Market Size Forecast by Applications
11.10.1 Construction
11.10.2 Waterproofing
11.10.3 Paints and Coatings
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 Eco-Friendly Bitumen Analysis and Forecast
12.1 Introduction
12.2 Latin America Eco-Friendly Bitumen 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 Eco-Friendly Bitumen Market Size Forecast by Type
12.6.1 Bio-Based Bitumen
12.6.2 Recycled Bitumen
12.6.3 Natural Bitumen
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 Eco-Friendly Bitumen Market Size Forecast by Applications
12.10.1 Construction
12.10.2 Waterproofing
12.10.3 Paints and Coatings
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) Eco-Friendly Bitumen Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Eco-Friendly Bitumen 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) Eco-Friendly Bitumen Market Size Forecast by Type
13.6.1 Bio-Based Bitumen
13.6.2 Recycled Bitumen
13.6.3 Natural Bitumen
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) Eco-Friendly Bitumen Market Size Forecast by Applications
13.10.1 Construction
13.10.2 Waterproofing
13.10.3 Paints and Coatings
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 Eco-Friendly Bitumen Market: Competitive Dashboard
14.2 Global Eco-Friendly Bitumen Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Agarwal Industrial Corporation
14.3.2 Avello Bioenergy
14.3.3 Bharat Petroleum
14.3.4 Cosmique
14.3.5 Eagle Petrochem
14.3.6 Gilsonite
14.3.7 Jalnidhi Bitumen Specialties
14.3.8 Mamz Asphalt Technologies
14.3.9 Nikan West Gilsonite
14.3.10 Nuroil Trading
14.3.11 Royal Dutch Shell
14.3.12 Zista
