Product Code: ETC043339 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Saudi Arabia Bitumen Market may undergo a gradual slowdown in growth rates between 2025 and 2029. Beginning strongly at -0.02% in 2025, growth softens to -0.04% in 2029.
Bitumen is a black to dark-brown colored, sticky, tar-like substance which is used for road construction and other applications. It is primarily composed of highly condensed polycyclic aromatic hydrocarbons (PAHs). In Saudi Arabia, bitumen market accounted for USD xx billion in 2025 and it expected to reach USD xx billion by 2031 at a modest CAGR of xx% during the forecast period i.e., 2025-2031.
Major drivers responsible for growth of the Saudi Arabia Bitumen Market are increasing usage as binder material in asphalt production due to its superior binding capabilities when compared with other binders & rising demand for infrastructure development activities across the region such as roads, bridges etc., Increasing focus on improving road networks across major cities along with increasing investment from government bodies are further expected to propel the growth of market over coming years. Additionally, growing population coupled with rapid industrialization will also have positive impact on overall industry scenario.
However there are few factors which might hamper growth prospects of global bitumen market including stringent government regulations regarding emission levels and volatile raw material prices may likely impede industry expansion over upcoming years. Also high cost associated with product manufacturing process might hinder overall revenue generation opportunities available in this marketplace.
However, disruption caused by Covid-19 pandemic has severely impacted this industry as it has disrupted supply chain activities thereby resulting in nonavailability of raw materials and shortage of manpower resources leading to delayed project timelines and cost escalations globally including Saudi Arabia which may hamper its overall market growth over next few months till situation comes back into normalcy again.
Key players operating in this industry include Total SA, Shell International Petroleum Company Ltd (Shell), ExxonMobil Corporation (ExxonMobil), Royal Dutch Shell PLC (Shell) , SABIC Petrochemicals Co., Bitumar Inc., Bituco LLC & National Asphalt Company Limited among others are some of major players operating within the region contributing significantly towards its overall market share.
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 Saudi Arabia Bitumen Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia Bitumen Market Revenues & Volume, 2021 & 2031F |
3.3 Saudi Arabia Bitumen Market - Industry Life Cycle |
3.4 Saudi Arabia Bitumen Market - Porter's Five Forces |
3.5 Saudi Arabia Bitumen Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Saudi Arabia Bitumen Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Saudi Arabia Bitumen Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing infrastructure development projects in Saudi Arabia requiring bitumen for road construction. |
4.2.2 Increasing focus on sustainable construction practices driving the demand for bitumen in the market. |
4.2.3 Favorable government initiatives and investments in the transportation sector boosting the bitumen market. |
4.2.4 Rise in urbanization and industrialization leading to higher consumption of bitumen for various applications. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials impacting the overall cost of bitumen production. |
4.3.2 Environmental concerns related to bitumen production and its impact on ecosystems. |
4.3.3 Competition from alternative materials affecting the market growth. |
4.3.4 Volatility in crude oil prices influencing the pricing of bitumen in the market. |
5 Saudi Arabia Bitumen Market Trends |
6 Saudi Arabia Bitumen Market, By Types |
6.1 Saudi Arabia Bitumen Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia Bitumen Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 Saudi Arabia Bitumen Market Revenues & Volume, By Paving Grade, 2021-2031F |
6.1.4 Saudi Arabia Bitumen Market Revenues & Volume, By Hard Grade, 2021-2031F |
6.1.5 Saudi Arabia Bitumen Market Revenues & Volume, By Oxidized Grade, 2021-2031F |
6.1.6 Saudi Arabia Bitumen Market Revenues & Volume, By Bitumen Emulsions, 2021-2031F |
6.1.7 Saudi Arabia Bitumen Market Revenues & Volume, By Polymer Modified Bitumen, 2021-2031F |
6.1.8 Saudi Arabia Bitumen Market Revenues & Volume, By Other, 2021-2031F |
6.2 Saudi Arabia Bitumen Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Saudi Arabia Bitumen Market Revenues & Volume, By Road Construction, 2021-2031F |
6.2.3 Saudi Arabia Bitumen Market Revenues & Volume, By Waterproofing, 2021-2031F |
6.2.4 Saudi Arabia Bitumen Market Revenues & Volume, By Adhesives, 2021-2031F |
6.2.5 Saudi Arabia Bitumen Market Revenues & Volume, By Other, 2021-2031F |
7 Saudi Arabia Bitumen Market Import-Export Trade Statistics |
7.1 Saudi Arabia Bitumen Market Export to Major Countries |
7.2 Saudi Arabia Bitumen Market Imports from Major Countries |
8 Saudi Arabia Bitumen Market Key Performance Indicators |
8.1 Investment in Research and Development for bitumen technology advancements. |
8.2 Adoption rate of eco-friendly bitumen products in construction projects. |
8.3 Percentage of infrastructure projects using bitumen compared to alternative materials. |
8.4 Rate of innovation and introduction of new bitumen products in the market. |
8.5 Compliance with environmental regulations in bitumen production and usage. |
9 Saudi Arabia Bitumen Market - Opportunity Assessment |
9.1 Saudi Arabia Bitumen Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Saudi Arabia Bitumen Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Saudi Arabia Bitumen Market - Competitive Landscape |
10.1 Saudi Arabia Bitumen Market Revenue Share, By Companies, 2024 |
10.2 Saudi Arabia Bitumen Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |