India Bitumen Market (2024-2030) | Value, Trends, Share, Analysis, Revenue, Forecast, Outlook, Companies, Growth, Size & Industry

Market Forecast By Product Type (Paving Grade, Hard Grade, Oxidized Grade, Bitumen Emulsions, Polymer Modified Bitumen, Other), By Application (Road Construction, Waterproofing, Adhesives, Other) And Competitive Landscape
Product Code: ETC043324 Publication Date: Aug 2023 Updated Date: May 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

India Bitumen Market Competition 2023

India Bitumen market currently, in 2023, has witnessed an HHI of 4710, Which has decreased moderately as compared to the HHI of 5619 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.

India Export Potential Assessment For Bitumen Market (Values in USD Thousand)


India Bitumen Market Synopsis

India is one of the largest users of bitumen in the world. Bitumen, also known as asphalt or tar, is a black viscous substance used for waterproofing and protecting surfaces from wear and tear. It is widely used in road construction, coating roofs, sealing pipes and tanks, manufacturing adhesives, surfacing materials etc. The demand for bitumen products has been rising steadily due to increasing infrastructure projects across India such as highways & bridges development which are driving the growth of Indian bitumen market. India Bitumen Market size was worth US$ 1 billion in 2019 and estimated to grow at a CAGR of 5.1% from 2020-2026 due to growing demand in various sectors such as roads and highways.

Drivers of the Market:

One of the key drivers behind the growth of India?s bitumen market is increased government initiatives towards developing infrastructure projects such as roads & highways that require high quality waterproofing material like bitumen for effective functioning. Similarly with growing urbanization there has been an increased need for durable roofing solutions like modified bituminous membranes (MBM) which have led manufacturers to produce new varieties suitable for harsh Indian weather conditions ultimately contributing towards higher market share held by Indian players within domestic markets itself . Moreover government policies encouraging use of recycled rubber tires into pavement applications further boosts country?s production capacities leading it on path becoming global leader for this industry over coming years.

Challenges of the Market:

The Indian Bitumen industry faces several challenges including supply side constraints brought about by lack up refining capabilities coupled with insufficient refinery capacity utilization rates making it difficult supply enough raw material resulting mounting costs that lead companies shift their base operations abroad where financial incentives make more sense than here . In addition volatile foreign exchange rates along with ever changing raw material prices act hindrance when trying set competitive pricing strategies keeping customers satisfied without sacrificing profit margins . Furthermore , stringent environmental regulations enforced domestically hamper producers ability meet international standards without hefty investments technology upgradation while falling crude oil values internationally make costlier imports more attractive option despite being subjected additional taxes duties levied upon them entering country adding burden onto buyers pocketbooks significantly reducing their purchasing power thus damaging prospects local sellers .

Key Players of the Market:

Some major players operating in India`s Bitumen Market include Petron Engineering Construction Limited (PEC Ltd.), Tarapur Refinery Pvt Ltd., Reliance Industries Limited , Hindustan Petroleum

Key Highlights of the Report:

  • India Bitumen Market Outlook
  • Market Size of India Bitumen Market, 2023
  • Forecast of India Bitumen Market, 2030
  • Historical Data and Forecast of India Bitumen Revenues & Volume for the Period 2020-2030
  • India Bitumen Market Trend Evolution
  • India Bitumen Market Drivers and Challenges
  • India Bitumen Price Trends
  • India Bitumen Porter's Five Forces
  • India Bitumen Industry Life Cycle
  • Historical Data and Forecast of India Bitumen Market Revenues & Volume By Product Type for the Period 2020-2030
  • Historical Data and Forecast of India Bitumen Market Revenues & Volume By Paving Grade for the Period 2020-2030
  • Historical Data and Forecast of India Bitumen Market Revenues & Volume By Hard Grade for the Period 2020-2030
  • Historical Data and Forecast of India Bitumen Market Revenues & Volume By Oxidized Grade for the Period 2020-2030
  • Historical Data and Forecast of India Bitumen Market Revenues & Volume By Bitumen Emulsions for the Period 2020-2030
  • Historical Data and Forecast of India Bitumen Market Revenues & Volume By Polymer Modified Bitumen for the Period 2020-2030
  • Historical Data and Forecast of India Bitumen Market Revenues & Volume By Other for the Period 2020-2030
  • Historical Data and Forecast of India Bitumen Market Revenues & Volume By Application for the Period 2020-2030
  • Historical Data and Forecast of India Bitumen Market Revenues & Volume By Road Construction for the Period 2020-2030
  • Historical Data and Forecast of India Bitumen Market Revenues & Volume By Waterproofing for the Period 2020-2030
  • Historical Data and Forecast of India Bitumen Market Revenues & Volume By Adhesives for the Period 2020-2030
  • Historical Data and Forecast of India Bitumen Market Revenues & Volume By Other for the Period 2020-2030
  • India Bitumen Import Export Trade Statistics
  • Market Opportunity Assessment By Product Type
  • Market Opportunity Assessment By Application
  • India Bitumen Top Companies Market Share
  • India Bitumen Competitive Benchmarking By Technical and Operational Parameters
  • India Bitumen Company Profiles
  • India Bitumen Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
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1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 India Bitumen Market Overview

3.1 India Country Macro Economic Indicators

3.2 India Bitumen Market Revenues & Volume, 2020 & 2030F

3.3 India Bitumen Market - Industry Life Cycle

3.4 India Bitumen Market - Porter's Five Forces

3.5 India Bitumen Market Revenues & Volume Share, By Product Type, 2020 & 2030F

3.6 India Bitumen Market Revenues & Volume Share, By Application, 2020 & 2030F

4 India Bitumen Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 India Bitumen Market Trends

6 India Bitumen Market, By Types

6.1 India Bitumen Market, By Product Type

6.1.1 Overview and Analysis

6.1.2 India Bitumen Market Revenues & Volume, By Product Type, 2020-2030F

6.1.3 India Bitumen Market Revenues & Volume, By Paving Grade, 2020-2030F

6.1.4 India Bitumen Market Revenues & Volume, By Hard Grade, 2020-2030F

6.1.5 India Bitumen Market Revenues & Volume, By Oxidized Grade, 2020-2030F

6.1.6 India Bitumen Market Revenues & Volume, By Bitumen Emulsions, 2020-2030F

6.1.7 India Bitumen Market Revenues & Volume, By Polymer Modified Bitumen, 2020-2030F

6.1.8 India Bitumen Market Revenues & Volume, By Other, 2020-2030F

6.2 India Bitumen Market, By Application

6.2.1 Overview and Analysis

6.2.2 India Bitumen Market Revenues & Volume, By Road Construction, 2020-2030F

6.2.3 India Bitumen Market Revenues & Volume, By Waterproofing, 2020-2030F

6.2.4 India Bitumen Market Revenues & Volume, By Adhesives, 2020-2030F

6.2.5 India Bitumen Market Revenues & Volume, By Other, 2020-2030F

7 India Bitumen Market Import-Export Trade Statistics

7.1 India Bitumen Market Export to Major Countries

7.2 India Bitumen Market Imports from Major Countries

8 India Bitumen Market Key Performance Indicators

9 India Bitumen Market - Opportunity Assessment

9.1 India Bitumen Market Opportunity Assessment, By Product Type, 2020 & 2030F

9.2 India Bitumen Market Opportunity Assessment, By Application, 2020 & 2030F

10 India Bitumen Market - Competitive Landscape

10.1 India Bitumen Market Revenue Share, By Companies, 2023

10.2 India Bitumen Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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