Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Oxidized Bitumen Market by Type (Grade 95/25, Grade 85/25, Grade 90/40, Grade115/15, Other), By Application (Paints, Cements, Pipe Coatings, Metal Primers, Other) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Oxidized Bitumen Market by Type (Grade 95/25, Grade 85/25, Grade 90/40, Grade115/15, Other), By Application (Paints, Cements, Pipe Coatings, Metal Primers, Other) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 258037 4200 Chemical & Material 377 198 Pages 4.7 (30)

Market Overview:

The global oxidized 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 paints, cements, pipe coatings and metal primers applications across the globe. Based on type, grade 95/25 segment is expected to account for a major share of the global oxidized bitumen market in 2018. This can be attributed to its superior properties such as high resistance against abrasion and good adhesion with substrates that are used in paints application. In terms of application, paints segment is anticipated to witness highest growth rate during the forecast period owing to increasing demand from construction sector across the globe.

Global Oxidized Bitumen Industry Outlook

Product Definition:

Oxidized bitumen is a type of petroleum product that has been exposed to air and heat, which causes it to break down into smaller molecules. It is used as an adhesive and sealant in construction projects.

Grade 95/25:

Grade 95/25 is a high molecular weight polyester resin, which has been developed as an alternative to asphalt. It can be used in cold-applied bitumen applications and provides several benefits over conventional hot-applied bitumen.

Grade 85/25:

The grade 85/25 is a type of asphalt cement that is used in the oxidized bitumen market. It helps to improve the quality and performance of road construction materials such as cold patch material, hot mix asphalt material, and liquid asphalt.

It also improves the quality of existing bitumen roads by making them less bumpy & smoother thereby reducing their life cycle cost.

Application Insights:

Paints was the largest application segment and accounted for over 65.0% of global demand in 2017. Paints are used to protect surfaces from UV rays, moisture, and other environmental factors. Oxidized bitumen is widely used as a coating material in paints owing to its weather-resistance property which helps prevent peeling off of paint when it rains or snows heavily. The product also provides protection against corrosion if applied under protective coatings such as zinc oxide primers or epoxy resin topcoats during regular maintenance intervals.

The use of OBM in paints offers several advantages including non-skid surface grip on ice & snow due to its adhesive nature along with resistance against abrasion & chipping caused by rocks & debris embedded within the road surface making them suitable for harsh winters conditions across North America.

Regional Analysis:

Asia Pacific oxidized bitumen market was valued at USD X billion in 2017 and is expected to witness significant growth over the forecast period owing to increasing road infrastructure coupled with rising automotive production in countries such as China, India, Indonesia, and Thailand. In addition, growing industrialization along with rapid urbanization is likely to drive the product demand over the coming years.

The presence of key manufacturers including Shell Bitumen & Chemicals Pte Ltd., Sibur Holding BV; Cemex Corporation; and Nippon Paint Holdings Co., Ltd has led to high consumption of oxidized bitumen in Asia Pacific region. Increasing government spending on construction projects such as roads widening networks leading to increased automobile sales will further propel industry expansion over the next eight years.

North America market for oxidizedbitumens was valued at USD X billion in 2017 owingto high consumption by paints & coatings application segment due tobuildingand renovation activities taking place across U.S.

Growth Factors:

  • Increasing demand for bitumen in the construction industry as a binding agent and waterproofing material is expected to drive the growth of the oxidized bitumen market.
  • Growing use of oxidized bitumen in road construction projects is another key factor that is anticipated to fuel the demand for this product over the next few years.
  • Rising consumption of oxidized bitumen in roofing applications is also projected to boost market growth during the forecast period.
  • Increasing investments by governments across various countries for infrastructure development are likely to create lucrative opportunities for players operating in the global oxidized bitumen market over the next few years.
  • Growing inclination towards using environment-friendly products is estimated to propel demand for green asphalt, which contains high levels of oxidized bitumen, during the forecast period

Scope Of The Report

Report Attributes

Report Details

Report Title

Oxidized Bitumen Market Research Report

By Type

Grade 95/25, Grade 85/25, Grade 90/40, Grade115/15, Other

By Application

Paints, Cements, Pipe Coatings, Metal Primers, Other

By Companies

Eagle Petrochem, RAHA GROUP, ATDM CO, Asia Bitumen, Tiki Tar Industries, Aromachimie, Petro Tar Co, Eagle Petrochem

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global Oxidized Bitumen Market Report Segments:

The global Oxidized Bitumen market is segmented on the basis of:


Grade 95/25, Grade 85/25, Grade 90/40, Grade115/15, Other

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.


Paints, Cements, Pipe Coatings, Metal Primers, Other

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:

  1. Eagle Petrochem
  3. ATDM CO
  4. Asia Bitumen
  5. Tiki Tar Industries
  6. Aromachimie
  7. Petro Tar Co
  8. Eagle Petrochem

Global Oxidized Bitumen Market Overview

Highlights of The Oxidized Bitumen Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Grade 95/25
    2. Grade 85/25
    3. Grade 90/40
    4. Grade115/15
    5. Other
  1. By Application:

    1. Paints
    2. Cements
    3. Pipe Coatings
    4. Metal Primers
    5. Other
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Oxidized 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

Global Oxidized Bitumen Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?

Oxidized bitumen is a type of tar-like oil that has been oxidized by exposure to air or other elements.

Some of the key players operating in the oxidized bitumen market are Eagle Petrochem, RAHA GROUP, ATDM CO, Asia Bitumen, Tiki Tar Industries, Aromachimie, Petro Tar Co, Eagle Petrochem.

Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Oxidized 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 Oxidized Bitumen Market Dynamics       4.2.1 Market Drivers       4.2.2 Market Restraints       4.2.3 Market Opportunity    4.3 Oxidized 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 Oxidized 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 Oxidized Bitumen Market Size & Forecast, 2018-2028       4.5.1 Oxidized Bitumen Market Size and Y-o-Y Growth       4.5.2 Oxidized Bitumen Market Absolute $ Opportunity

Chapter 5 Global Oxidized 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 Oxidized Bitumen Market Size Forecast by Type
      5.2.1 Grade 95/25
      5.2.2 Grade 85/25
      5.2.3 Grade 90/40
      5.2.4 Grade115/15
      5.2.5 Other
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global Oxidized 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 Oxidized Bitumen Market Size Forecast by Applications
      6.2.1 Paints
      6.2.2 Cements
      6.2.3 Pipe Coatings
      6.2.4 Metal Primers
      6.2.5 Other
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Oxidized 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 Oxidized 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 Oxidized Bitumen Analysis and Forecast
   9.1 Introduction
   9.2 North America Oxidized 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 Oxidized Bitumen Market Size Forecast by Type
      9.6.1 Grade 95/25
      9.6.2 Grade 85/25
      9.6.3 Grade 90/40
      9.6.4 Grade115/15
      9.6.5 Other
   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 Oxidized Bitumen Market Size Forecast by Applications
      9.10.1 Paints
      9.10.2 Cements
      9.10.3 Pipe Coatings
      9.10.4 Metal Primers
      9.10.5 Other
   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 Oxidized Bitumen Analysis and Forecast
   10.1 Introduction
   10.2 Europe Oxidized 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 Oxidized Bitumen Market Size Forecast by Type
      10.6.1 Grade 95/25
      10.6.2 Grade 85/25
      10.6.3 Grade 90/40
      10.6.4 Grade115/15
      10.6.5 Other
   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 Oxidized Bitumen Market Size Forecast by Applications
      10.10.1 Paints
      10.10.2 Cements
      10.10.3 Pipe Coatings
      10.10.4 Metal Primers
      10.10.5 Other
   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 Oxidized Bitumen Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Oxidized 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 Oxidized Bitumen Market Size Forecast by Type
      11.6.1 Grade 95/25
      11.6.2 Grade 85/25
      11.6.3 Grade 90/40
      11.6.4 Grade115/15
      11.6.5 Other
   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 Oxidized Bitumen Market Size Forecast by Applications
      11.10.1 Paints
      11.10.2 Cements
      11.10.3 Pipe Coatings
      11.10.4 Metal Primers
      11.10.5 Other
   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 Oxidized Bitumen Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Oxidized 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 Oxidized Bitumen Market Size Forecast by Type
      12.6.1 Grade 95/25
      12.6.2 Grade 85/25
      12.6.3 Grade 90/40
      12.6.4 Grade115/15
      12.6.5 Other
   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 Oxidized Bitumen Market Size Forecast by Applications
      12.10.1 Paints
      12.10.2 Cements
      12.10.3 Pipe Coatings
      12.10.4 Metal Primers
      12.10.5 Other
   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) Oxidized Bitumen Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Oxidized 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) Oxidized Bitumen Market Size Forecast by Type
      13.6.1 Grade 95/25
      13.6.2 Grade 85/25
      13.6.3 Grade 90/40
      13.6.4 Grade115/15
      13.6.5 Other
   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) Oxidized Bitumen Market Size Forecast by Applications
      13.10.1 Paints
      13.10.2 Cements
      13.10.3 Pipe Coatings
      13.10.4 Metal Primers
      13.10.5 Other
   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 Oxidized Bitumen Market: Competitive Dashboard
   14.2 Global Oxidized Bitumen Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Eagle Petrochem
      14.3.2 RAHA GROUP
      14.3.3 ATDM CO
      14.3.4 Asia Bitumen
      14.3.5 Tiki Tar Industries
      14.3.6 Aromachimie
      14.3.7 Petro Tar Co
      14.3.8 Eagle Petrochem

Our Trusted Clients

Contact Us