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Global Asphalt (Bitumen) Market Research Report 2025
Published Date: August 2025
|
Report Code: QYRE-Auto-28Q6739
Home | Market Reports | Business & Industrial| Energy & Utilities
Global Asphalt Bitumen Market Insights and Forecast to 2028
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Global Asphalt (Bitumen) Market Research Report 2025

Code: QYRE-Auto-28Q6739
Report
August 2025
Pages:122
QYResearch
Buy Now with 15% Discount
DESCRIPTION
TABLE OF CONTENT
TABLES & FIGURES
FEATURED COMPANIES
CNPC
Sinopec Limited
CNOOC Limited
ROSNEFT
Lukoil
BPCL
IOCL
HPCL
SK
S-oil
Shell
ExxonMobil
Pertamina
TIPCO ASPHALT
LOTOS
Marathon Oil
KoçHolding
CRH
Nynas
Phillips 66 Company
Suncor Energy
Husky Energy

Asphalt (Bitumen) Market

The global market for Asphalt (Bitumen) was valued at US$ million in the year 2024 and is projected to reach a revised size of US$ million by 2031, growing at a CAGR of %during the forecast period.
Asphalt, also known as bitumen, is a sticky, black, and highly viscous liquid or semi-solid form of petroleum. It may be found in natural deposits or may be a refined product, and is classed as a pitch.
The main use of asphalt is road construction, and 80% of asphalt is used for road construction. Asphalt can also be used as a waterproof product, such as roofing felt.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Asphalt (Bitumen), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Asphalt (Bitumen).
The Asphalt (Bitumen) market size, estimations, and forecasts are provided in terms of output/shipments (K MT) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Asphalt (Bitumen) market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Asphalt (Bitumen) manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation

Scope of Asphalt (Bitumen) Market Report

Report Metric Details
Report Name Asphalt (Bitumen) Market
by Type
  • Paving Petroleum Asphalt
  • Industrial Petroleum Asphalt
  • Others
by Application
  • Paving
  • Roofing
  • Others
Production by Region
  • North America
  • Europe
  • China
  • Japan
  • India
  • Southeast Asia
Consumption by Region
  • North America (United States, Canada)
  • Europe (Germany, France, UK, Italy, Russia)
  • Asia-Pacific (China, Japan, South Korea, Taiwan)
  • Southeast Asia (India)
  • Latin America (Mexico, Brazil)
By Company CNPC, Sinopec, CNOOC, Rosneft, LUKOIL, BPCL, IOCL, HPCL, SK, S-Oil, Shell, ExxonMobil, Pertamina, Tipco Asphalt, LOTOS, Marathon Oil, KoçHolding, CRH, Nynas, Phillips 66 Company, Suncor Energy, Husky Energy
Forecast units USD million in value
Report coverage Revenue and volume forecast, company share, competitive landscape, growth factors and trends

Chapter Outline

  • Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
  • Chapter 2: Detailed analysis of Asphalt (Bitumen) manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
  • Chapter 3: Production/output, value of Asphalt (Bitumen) by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
  • Chapter 4: Consumption of Asphalt (Bitumen) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
  • Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
  • Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
  • Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
  • Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
  • Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
  • Chapter 10: The main points and conclusions of the report.

FAQ for this report

Who are the main players in the Asphalt (Bitumen) Market report?

Ans: The main players in the Asphalt (Bitumen) Market are CNPC, Sinopec, CNOOC, Rosneft, LUKOIL, BPCL, IOCL, HPCL, SK, S-Oil, Shell, ExxonMobil, Pertamina, Tipco Asphalt, LOTOS, Marathon Oil, KoçHolding, CRH, Nynas, Phillips 66 Company, Suncor Energy, Husky Energy

What are the Application segmentation covered in the Asphalt (Bitumen) Market report?

Ans: The Applications covered in the Asphalt (Bitumen) Market report are Paving, Roofing, Others

What are the Type segmentation covered in the Asphalt (Bitumen) Market report?

Ans: The Types covered in the Asphalt (Bitumen) Market report are Paving Petroleum Asphalt, Industrial Petroleum Asphalt, Others

1 Asphalt (Bitumen) Market Overview
1.1 Product Definition
1.2 Asphalt (Bitumen) by Type
1.2.1 Global Asphalt (Bitumen) Market Value Growth Rate Analysis by Type: 2024 VS 2031
1.2.2 Paving Petroleum Asphalt
1.2.3 Industrial Petroleum Asphalt
1.2.4 Others
1.3 Asphalt (Bitumen) by Application
1.3.1 Global Asphalt (Bitumen) Market Value Growth Rate Analysis by Application: 2024 VS 2031
1.3.2 Paving
1.3.3 Roofing
1.3.4 Others
1.4 Global Market Growth Prospects
1.4.1 Global Asphalt (Bitumen) Production Value Estimates and Forecasts (2020-2031)
1.4.2 Global Asphalt (Bitumen) Production Capacity Estimates and Forecasts (2020-2031)
1.4.3 Global Asphalt (Bitumen) Production Estimates and Forecasts (2020-2031)
1.4.4 Global Asphalt (Bitumen) Market Average Price Estimates and Forecasts (2020-2031)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Asphalt (Bitumen) Production Market Share by Manufacturers (2020-2025)
2.2 Global Asphalt (Bitumen) Production Value Market Share by Manufacturers (2020-2025)
2.3 Global Key Players of Asphalt (Bitumen), Industry Ranking, 2023 VS 2024
2.4 Global Asphalt (Bitumen) Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.5 Global Asphalt (Bitumen) Average Price by Manufacturers (2020-2025)
2.6 Global Key Manufacturers of Asphalt (Bitumen), Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Asphalt (Bitumen), Product Offered and Application
2.8 Global Key Manufacturers of Asphalt (Bitumen), Date of Enter into This Industry
2.9 Asphalt (Bitumen) Market Competitive Situation and Trends
2.9.1 Asphalt (Bitumen) Market Concentration Rate
2.9.2 Global 5 and 10 Largest Asphalt (Bitumen) Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Asphalt (Bitumen) Production by Region
3.1 Global Asphalt (Bitumen) Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.2 Global Asphalt (Bitumen) Production Value by Region (2020-2031)
3.2.1 Global Asphalt (Bitumen) Production Value by Region (2020-2025)
3.2.2 Global Forecasted Production Value of Asphalt (Bitumen) by Region (2026-2031)
3.3 Global Asphalt (Bitumen) Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.4 Global Asphalt (Bitumen) Production Volume by Region (2020-2031)
3.4.1 Global Asphalt (Bitumen) Production by Region (2020-2025)
3.4.2 Global Forecasted Production of Asphalt (Bitumen) by Region (2026-2031)
3.5 Global Asphalt (Bitumen) Market Price Analysis by Region (2020-2025)
3.6 Global Asphalt (Bitumen) Production and Value, Year-over-Year Growth
3.6.1 North America Asphalt (Bitumen) Production Value Estimates and Forecasts (2020-2031)
3.6.2 Europe Asphalt (Bitumen) Production Value Estimates and Forecasts (2020-2031)
3.6.3 China Asphalt (Bitumen) Production Value Estimates and Forecasts (2020-2031)
3.6.4 Japan Asphalt (Bitumen) Production Value Estimates and Forecasts (2020-2031)
3.6.5 India Asphalt (Bitumen) Production Value Estimates and Forecasts (2020-2031)
3.6.6 Southeast Asia Asphalt (Bitumen) Production Value Estimates and Forecasts (2020-2031)
4 Asphalt (Bitumen) Consumption by Region
4.1 Global Asphalt (Bitumen) Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
4.2 Global Asphalt (Bitumen) Consumption by Region (2020-2031)
4.2.1 Global Asphalt (Bitumen) Consumption by Region (2020-2025)
4.2.2 Global Asphalt (Bitumen) Forecasted Consumption by Region (2026-2031)
4.3 North America
4.3.1 North America Asphalt (Bitumen) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.3.2 North America Asphalt (Bitumen) Consumption by Country (2020-2031)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Asphalt (Bitumen) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.4.2 Europe Asphalt (Bitumen) Consumption by Country (2020-2031)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Asphalt (Bitumen) Consumption Growth Rate by Region: 2020 VS 2024 VS 2031
4.5.2 Asia Pacific Asphalt (Bitumen) Consumption by Region (2020-2031)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Asphalt (Bitumen) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.6.2 Latin America, Middle East & Africa Asphalt (Bitumen) Consumption by Country (2020-2031)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
4.6.6 GCC Countries
5 Segment by Type
5.1 Global Asphalt (Bitumen) Production by Type (2020-2031)
5.1.1 Global Asphalt (Bitumen) Production by Type (2020-2025)
5.1.2 Global Asphalt (Bitumen) Production by Type (2026-2031)
5.1.3 Global Asphalt (Bitumen) Production Market Share by Type (2020-2031)
5.2 Global Asphalt (Bitumen) Production Value by Type (2020-2031)
5.2.1 Global Asphalt (Bitumen) Production Value by Type (2020-2025)
5.2.2 Global Asphalt (Bitumen) Production Value by Type (2026-2031)
5.2.3 Global Asphalt (Bitumen) Production Value Market Share by Type (2020-2031)
5.3 Global Asphalt (Bitumen) Price by Type (2020-2031)
6 Segment by Application
6.1 Global Asphalt (Bitumen) Production by Application (2020-2031)
6.1.1 Global Asphalt (Bitumen) Production by Application (2020-2025)
6.1.2 Global Asphalt (Bitumen) Production by Application (2026-2031)
6.1.3 Global Asphalt (Bitumen) Production Market Share by Application (2020-2031)
6.2 Global Asphalt (Bitumen) Production Value by Application (2020-2031)
6.2.1 Global Asphalt (Bitumen) Production Value by Application (2020-2025)
6.2.2 Global Asphalt (Bitumen) Production Value by Application (2026-2031)
6.2.3 Global Asphalt (Bitumen) Production Value Market Share by Application (2020-2031)
6.3 Global Asphalt (Bitumen) Price by Application (2020-2031)
7 Key Companies Profiled
7.1 CNPC
7.1.1 CNPC Asphalt (Bitumen) Company Information
7.1.2 CNPC Asphalt (Bitumen) Product Portfolio
7.1.3 CNPC Asphalt (Bitumen) Production, Value, Price and Gross Margin (2020-2025)
7.1.4 CNPC Main Business and Markets Served
7.1.5 CNPC Recent Developments/Updates
7.2 Sinopec
7.2.1 Sinopec Asphalt (Bitumen) Company Information
7.2.2 Sinopec Asphalt (Bitumen) Product Portfolio
7.2.3 Sinopec Asphalt (Bitumen) Production, Value, Price and Gross Margin (2020-2025)
7.2.4 Sinopec Main Business and Markets Served
7.2.5 Sinopec Recent Developments/Updates
7.3 CNOOC
7.3.1 CNOOC Asphalt (Bitumen) Company Information
7.3.2 CNOOC Asphalt (Bitumen) Product Portfolio
7.3.3 CNOOC Asphalt (Bitumen) Production, Value, Price and Gross Margin (2020-2025)
7.3.4 CNOOC Main Business and Markets Served
7.3.5 CNOOC Recent Developments/Updates
7.4 Rosneft
7.4.1 Rosneft Asphalt (Bitumen) Company Information
7.4.2 Rosneft Asphalt (Bitumen) Product Portfolio
7.4.3 Rosneft Asphalt (Bitumen) Production, Value, Price and Gross Margin (2020-2025)
7.4.4 Rosneft Main Business and Markets Served
7.4.5 Rosneft Recent Developments/Updates
7.5 LUKOIL
7.5.1 LUKOIL Asphalt (Bitumen) Company Information
7.5.2 LUKOIL Asphalt (Bitumen) Product Portfolio
7.5.3 LUKOIL Asphalt (Bitumen) Production, Value, Price and Gross Margin (2020-2025)
7.5.4 LUKOIL Main Business and Markets Served
7.5.5 LUKOIL Recent Developments/Updates
7.6 BPCL
7.6.1 BPCL Asphalt (Bitumen) Company Information
7.6.2 BPCL Asphalt (Bitumen) Product Portfolio
7.6.3 BPCL Asphalt (Bitumen) Production, Value, Price and Gross Margin (2020-2025)
7.6.4 BPCL Main Business and Markets Served
7.6.5 BPCL Recent Developments/Updates
7.7 IOCL
7.7.1 IOCL Asphalt (Bitumen) Company Information
7.7.2 IOCL Asphalt (Bitumen) Product Portfolio
7.7.3 IOCL Asphalt (Bitumen) Production, Value, Price and Gross Margin (2020-2025)
7.7.4 IOCL Main Business and Markets Served
7.7.5 IOCL Recent Developments/Updates
7.8 HPCL
7.8.1 HPCL Asphalt (Bitumen) Company Information
7.8.2 HPCL Asphalt (Bitumen) Product Portfolio
7.8.3 HPCL Asphalt (Bitumen) Production, Value, Price and Gross Margin (2020-2025)
7.8.4 HPCL Main Business and Markets Served
7.8.5 HPCL Recent Developments/Updates
7.9 SK
7.9.1 SK Asphalt (Bitumen) Company Information
7.9.2 SK Asphalt (Bitumen) Product Portfolio
7.9.3 SK Asphalt (Bitumen) Production, Value, Price and Gross Margin (2020-2025)
7.9.4 SK Main Business and Markets Served
7.9.5 SK Recent Developments/Updates
7.10 S-Oil
7.10.1 S-Oil Asphalt (Bitumen) Company Information
7.10.2 S-Oil Asphalt (Bitumen) Product Portfolio
7.10.3 S-Oil Asphalt (Bitumen) Production, Value, Price and Gross Margin (2020-2025)
7.10.4 S-Oil Main Business and Markets Served
7.10.5 S-Oil Recent Developments/Updates
7.11 Shell
7.11.1 Shell Asphalt (Bitumen) Company Information
7.11.2 Shell Asphalt (Bitumen) Product Portfolio
7.11.3 Shell Asphalt (Bitumen) Production, Value, Price and Gross Margin (2020-2025)
7.11.4 Shell Main Business and Markets Served
7.11.5 Shell Recent Developments/Updates
7.12 ExxonMobil
7.12.1 ExxonMobil Asphalt (Bitumen) Company Information
7.12.2 ExxonMobil Asphalt (Bitumen) Product Portfolio
7.12.3 ExxonMobil Asphalt (Bitumen) Production, Value, Price and Gross Margin (2020-2025)
7.12.4 ExxonMobil Main Business and Markets Served
7.12.5 ExxonMobil Recent Developments/Updates
7.13 Pertamina
7.13.1 Pertamina Asphalt (Bitumen) Company Information
7.13.2 Pertamina Asphalt (Bitumen) Product Portfolio
7.13.3 Pertamina Asphalt (Bitumen) Production, Value, Price and Gross Margin (2020-2025)
7.13.4 Pertamina Main Business and Markets Served
7.13.5 Pertamina Recent Developments/Updates
7.14 Tipco Asphalt
7.14.1 Tipco Asphalt Asphalt (Bitumen) Company Information
7.14.2 Tipco Asphalt Asphalt (Bitumen) Product Portfolio
7.14.3 Tipco Asphalt Asphalt (Bitumen) Production, Value, Price and Gross Margin (2020-2025)
7.14.4 Tipco Asphalt Main Business and Markets Served
7.14.5 Tipco Asphalt Recent Developments/Updates
7.15 LOTOS
7.15.1 LOTOS Asphalt (Bitumen) Company Information
7.15.2 LOTOS Asphalt (Bitumen) Product Portfolio
7.15.3 LOTOS Asphalt (Bitumen) Production, Value, Price and Gross Margin (2020-2025)
7.15.4 LOTOS Main Business and Markets Served
7.15.5 LOTOS Recent Developments/Updates
7.16 Marathon Oil
7.16.1 Marathon Oil Asphalt (Bitumen) Company Information
7.16.2 Marathon Oil Asphalt (Bitumen) Product Portfolio
7.16.3 Marathon Oil Asphalt (Bitumen) Production, Value, Price and Gross Margin (2020-2025)
7.16.4 Marathon Oil Main Business and Markets Served
7.16.5 Marathon Oil Recent Developments/Updates
7.17 KoçHolding
7.17.1 KoçHolding Asphalt (Bitumen) Company Information
7.17.2 KoçHolding Asphalt (Bitumen) Product Portfolio
7.17.3 KoçHolding Asphalt (Bitumen) Production, Value, Price and Gross Margin (2020-2025)
7.17.4 KoçHolding Main Business and Markets Served
7.17.5 KoçHolding Recent Developments/Updates
7.18 CRH
7.18.1 CRH Asphalt (Bitumen) Company Information
7.18.2 CRH Asphalt (Bitumen) Product Portfolio
7.18.3 CRH Asphalt (Bitumen) Production, Value, Price and Gross Margin (2020-2025)
7.18.4 CRH Main Business and Markets Served
7.18.5 CRH Recent Developments/Updates
7.19 Nynas
7.19.1 Nynas Asphalt (Bitumen) Company Information
7.19.2 Nynas Asphalt (Bitumen) Product Portfolio
7.19.3 Nynas Asphalt (Bitumen) Production, Value, Price and Gross Margin (2020-2025)
7.19.4 Nynas Main Business and Markets Served
7.19.5 Nynas Recent Developments/Updates
7.20 Phillips 66 Company
7.20.1 Phillips 66 Company Asphalt (Bitumen) Company Information
7.20.2 Phillips 66 Company Asphalt (Bitumen) Product Portfolio
7.20.3 Phillips 66 Company Asphalt (Bitumen) Production, Value, Price and Gross Margin (2020-2025)
7.20.4 Phillips 66 Company Main Business and Markets Served
7.20.5 Phillips 66 Company Recent Developments/Updates
7.21 Suncor Energy
7.21.1 Suncor Energy Asphalt (Bitumen) Company Information
7.21.2 Suncor Energy Asphalt (Bitumen) Product Portfolio
7.21.3 Suncor Energy Asphalt (Bitumen) Production, Value, Price and Gross Margin (2020-2025)
7.21.4 Suncor Energy Main Business and Markets Served
7.21.5 Suncor Energy Recent Developments/Updates
7.22 Husky Energy
7.22.1 Husky Energy Asphalt (Bitumen) Company Information
7.22.2 Husky Energy Asphalt (Bitumen) Product Portfolio
7.22.3 Husky Energy Asphalt (Bitumen) Production, Value, Price and Gross Margin (2020-2025)
7.22.4 Husky Energy Main Business and Markets Served
7.22.5 Husky Energy Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Asphalt (Bitumen) Industry Chain Analysis
8.2 Asphalt (Bitumen) Raw Material Supply Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Asphalt (Bitumen) Production Mode & Process Analysis
8.4 Asphalt (Bitumen) Sales and Marketing
8.4.1 Asphalt (Bitumen) Sales Channels
8.4.2 Asphalt (Bitumen) Distributors
8.5 Asphalt (Bitumen) Customer Analysis
9 Asphalt (Bitumen) Market Dynamics
9.1 Asphalt (Bitumen) Industry Trends
9.2 Asphalt (Bitumen) Market Drivers
9.3 Asphalt (Bitumen) Market Challenges
9.4 Asphalt (Bitumen) Market Restraints
10 Research Findings and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
FEATURED COMPANIES
CNPC
Sinopec Limited
CNOOC Limited
ROSNEFT
Lukoil
BPCL
IOCL
HPCL
SK
S-oil
Shell
ExxonMobil
Pertamina
TIPCO ASPHALT
LOTOS
Marathon Oil
KoçHolding
CRH
Nynas
Phillips 66 Company
Suncor Energy
Husky Energy
List of Tables
 Table 1. Global Asphalt (Bitumen) Market Value by Type, (US$ Million) & (2024 VS 2031)
 Table 2. Global Asphalt (Bitumen) Market Value by Application, (US$ Million) & (2024 VS 2031)
 Table 3. Global Asphalt (Bitumen) Production Capacity (K MT) by Manufacturers in 2024
 Table 4. Global Asphalt (Bitumen) Production by Manufacturers (2020-2025) & (K MT)
 Table 5. Global Asphalt (Bitumen) Production Market Share by Manufacturers (2020-2025)
 Table 6. Global Asphalt (Bitumen) Production Value by Manufacturers (2020-2025) & (US$ Million)
 Table 7. Global Asphalt (Bitumen) Production Value Share by Manufacturers (2020-2025)
 Table 8. Global Key Players of Asphalt (Bitumen), Industry Ranking, 2023 VS 2024
 Table 9. Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Production Value in Asphalt (Bitumen) as of 2024)
 Table 10. Global Market Asphalt (Bitumen) Average Price by Manufacturers (USD/MT) & (2020-2025)
 Table 11. Global Key Manufacturers of Asphalt (Bitumen), Manufacturing Base Distribution and Headquarters
 Table 12. Global Key Manufacturers of Asphalt (Bitumen), Product Offered and Application
 Table 13. Global Key Manufacturers of Asphalt (Bitumen), Date of Enter into This Industry
 Table 14. Global Asphalt (Bitumen) Manufacturers Market Concentration Ratio (CR5 and HHI)
 Table 15. Mergers & Acquisitions, Expansion Plans
 Table 16. Global Asphalt (Bitumen) Production Value by Region: 2020 VS 2024 VS 2031 (US$ Million)
 Table 17. Global Asphalt (Bitumen) Production Value (US$ Million) by Region (2020-2025)
 Table 18. Global Asphalt (Bitumen) Production Value Market Share by Region (2020-2025)
 Table 19. Global Asphalt (Bitumen) Production Value (US$ Million) Forecast by Region (2026-2031)
 Table 20. Global Asphalt (Bitumen) Production Value Market Share Forecast by Region (2026-2031)
 Table 21. Global Asphalt (Bitumen) Production Comparison by Region: 2020 VS 2024 VS 2031 (K MT)
 Table 22. Global Asphalt (Bitumen) Production (K MT) by Region (2020-2025)
 Table 23. Global Asphalt (Bitumen) Production Market Share by Region (2020-2025)
 Table 24. Global Asphalt (Bitumen) Production (K MT) Forecast by Region (2026-2031)
 Table 25. Global Asphalt (Bitumen) Production Market Share Forecast by Region (2026-2031)
 Table 26. Global Asphalt (Bitumen) Market Average Price (USD/MT) by Region (2020-2025)
 Table 27. Global Asphalt (Bitumen) Market Average Price (USD/MT) by Region (2026-2031)
 Table 28. Global Asphalt (Bitumen) Consumption Growth Rate by Region: 2020 VS 2024 VS 2031 (K MT)
 Table 29. Global Asphalt (Bitumen) Consumption by Region (2020-2025) & (K MT)
 Table 30. Global Asphalt (Bitumen) Consumption Market Share by Region (2020-2025)
 Table 31. Global Asphalt (Bitumen) Forecasted Consumption by Region (2026-2031) & (K MT)
 Table 32. Global Asphalt (Bitumen) Forecasted Consumption Market Share by Region (2026-2031)
 Table 33. North America Asphalt (Bitumen) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (K MT)
 Table 34. North America Asphalt (Bitumen) Consumption by Country (2020-2025) & (K MT)
 Table 35. North America Asphalt (Bitumen) Consumption by Country (2026-2031) & (K MT)
 Table 36. Europe Asphalt (Bitumen) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (K MT)
 Table 37. Europe Asphalt (Bitumen) Consumption by Country (2020-2025) & (K MT)
 Table 38. Europe Asphalt (Bitumen) Consumption by Country (2026-2031) & (K MT)
 Table 39. Asia Pacific Asphalt (Bitumen) Consumption Growth Rate by Region: 2020 VS 2024 VS 2031 (K MT)
 Table 40. Asia Pacific Asphalt (Bitumen) Consumption by Region (2020-2025) & (K MT)
 Table 41. Asia Pacific Asphalt (Bitumen) Consumption by Region (2026-2031) & (K MT)
 Table 42. Latin America, Middle East & Africa Asphalt (Bitumen) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (K MT)
 Table 43. Latin America, Middle East & Africa Asphalt (Bitumen) Consumption by Country (2020-2025) & (K MT)
 Table 44. Latin America, Middle East & Africa Asphalt (Bitumen) Consumption by Country (2026-2031) & (K MT)
 Table 45. Global Asphalt (Bitumen) Production (K MT) by Type (2020-2025)
 Table 46. Global Asphalt (Bitumen) Production (K MT) by Type (2026-2031)
 Table 47. Global Asphalt (Bitumen) Production Market Share by Type (2020-2025)
 Table 48. Global Asphalt (Bitumen) Production Market Share by Type (2026-2031)
 Table 49. Global Asphalt (Bitumen) Production Value (US$ Million) by Type (2020-2025)
 Table 50. Global Asphalt (Bitumen) Production Value (US$ Million) by Type (2026-2031)
 Table 51. Global Asphalt (Bitumen) Production Value Market Share by Type (2020-2025)
 Table 52. Global Asphalt (Bitumen) Production Value Market Share by Type (2026-2031)
 Table 53. Global Asphalt (Bitumen) Price (USD/MT) by Type (2020-2025)
 Table 54. Global Asphalt (Bitumen) Price (USD/MT) by Type (2026-2031)
 Table 55. Global Asphalt (Bitumen) Production (K MT) by Application (2020-2025)
 Table 56. Global Asphalt (Bitumen) Production (K MT) by Application (2026-2031)
 Table 57. Global Asphalt (Bitumen) Production Market Share by Application (2020-2025)
 Table 58. Global Asphalt (Bitumen) Production Market Share by Application (2026-2031)
 Table 59. Global Asphalt (Bitumen) Production Value (US$ Million) by Application (2020-2025)
 Table 60. Global Asphalt (Bitumen) Production Value (US$ Million) by Application (2026-2031)
 Table 61. Global Asphalt (Bitumen) Production Value Market Share by Application (2020-2025)
 Table 62. Global Asphalt (Bitumen) Production Value Market Share by Application (2026-2031)
 Table 63. Global Asphalt (Bitumen) Price (USD/MT) by Application (2020-2025)
 Table 64. Global Asphalt (Bitumen) Price (USD/MT) by Application (2026-2031)
 Table 65. CNPC Asphalt (Bitumen) Company Information
 Table 66. CNPC Asphalt (Bitumen) Specification and Application
 Table 67. CNPC Asphalt (Bitumen) Production (K MT), Value (US$ Million), Price (USD/MT) and Gross Margin (2020-2025)
 Table 68. CNPC Main Business and Markets Served
 Table 69. CNPC Recent Developments/Updates
 Table 70. Sinopec Asphalt (Bitumen) Company Information
 Table 71. Sinopec Asphalt (Bitumen) Specification and Application
 Table 72. Sinopec Asphalt (Bitumen) Production (K MT), Value (US$ Million), Price (USD/MT) and Gross Margin (2020-2025)
 Table 73. Sinopec Main Business and Markets Served
 Table 74. Sinopec Recent Developments/Updates
 Table 75. CNOOC Asphalt (Bitumen) Company Information
 Table 76. CNOOC Asphalt (Bitumen) Specification and Application
 Table 77. CNOOC Asphalt (Bitumen) Production (K MT), Value (US$ Million), Price (USD/MT) and Gross Margin (2020-2025)
 Table 78. CNOOC Main Business and Markets Served
 Table 79. CNOOC Recent Developments/Updates
 Table 80. Rosneft Asphalt (Bitumen) Company Information
 Table 81. Rosneft Asphalt (Bitumen) Specification and Application
 Table 82. Rosneft Asphalt (Bitumen) Production (K MT), Value (US$ Million), Price (USD/MT) and Gross Margin (2020-2025)
 Table 83. Rosneft Main Business and Markets Served
 Table 84. Rosneft Recent Developments/Updates
 Table 85. LUKOIL Asphalt (Bitumen) Company Information
 Table 86. LUKOIL Asphalt (Bitumen) Specification and Application
 Table 87. LUKOIL Asphalt (Bitumen) Production (K MT), Value (US$ Million), Price (USD/MT) and Gross Margin (2020-2025)
 Table 88. LUKOIL Main Business and Markets Served
 Table 89. LUKOIL Recent Developments/Updates
 Table 90. BPCL Asphalt (Bitumen) Company Information
 Table 91. BPCL Asphalt (Bitumen) Specification and Application
 Table 92. BPCL Asphalt (Bitumen) Production (K MT), Value (US$ Million), Price (USD/MT) and Gross Margin (2020-2025)
 Table 93. BPCL Main Business and Markets Served
 Table 94. BPCL Recent Developments/Updates
 Table 95. IOCL Asphalt (Bitumen) Company Information
 Table 96. IOCL Asphalt (Bitumen) Specification and Application
 Table 97. IOCL Asphalt (Bitumen) Production (K MT), Value (US$ Million), Price (USD/MT) and Gross Margin (2020-2025)
 Table 98. IOCL Main Business and Markets Served
 Table 99. IOCL Recent Developments/Updates
 Table 100. HPCL Asphalt (Bitumen) Company Information
 Table 101. HPCL Asphalt (Bitumen) Specification and Application
 Table 102. HPCL Asphalt (Bitumen) Production (K MT), Value (US$ Million), Price (USD/MT) and Gross Margin (2020-2025)
 Table 103. HPCL Main Business and Markets Served
 Table 104. HPCL Recent Developments/Updates
 Table 105. SK Asphalt (Bitumen) Company Information
 Table 106. SK Asphalt (Bitumen) Specification and Application
 Table 107. SK Asphalt (Bitumen) Production (K MT), Value (US$ Million), Price (USD/MT) and Gross Margin (2020-2025)
 Table 108. SK Main Business and Markets Served
 Table 109. SK Recent Developments/Updates
 Table 110. S-Oil Asphalt (Bitumen) Company Information
 Table 111. S-Oil Asphalt (Bitumen) Specification and Application
 Table 112. S-Oil Asphalt (Bitumen) Production (K MT), Value (US$ Million), Price (USD/MT) and Gross Margin (2020-2025)
 Table 113. S-Oil Main Business and Markets Served
 Table 114. S-Oil Recent Developments/Updates
 Table 115. Shell Asphalt (Bitumen) Company Information
 Table 116. Shell Asphalt (Bitumen) Specification and Application
 Table 117. Shell Asphalt (Bitumen) Production (K MT), Value (US$ Million), Price (USD/MT) and Gross Margin (2020-2025)
 Table 118. Shell Main Business and Markets Served
 Table 119. Shell Recent Developments/Updates
 Table 120. ExxonMobil Asphalt (Bitumen) Company Information
 Table 121. ExxonMobil Asphalt (Bitumen) Specification and Application
 Table 122. ExxonMobil Asphalt (Bitumen) Production (K MT), Value (US$ Million), Price (USD/MT) and Gross Margin (2020-2025)
 Table 123. ExxonMobil Main Business and Markets Served
 Table 124. ExxonMobil Recent Developments/Updates
 Table 125. Pertamina Asphalt (Bitumen) Company Information
 Table 126. Pertamina Asphalt (Bitumen) Specification and Application
 Table 127. Pertamina Asphalt (Bitumen) Production (K MT), Value (US$ Million), Price (USD/MT) and Gross Margin (2020-2025)
 Table 128. Pertamina Main Business and Markets Served
 Table 129. Pertamina Recent Developments/Updates
 Table 130. Tipco Asphalt Asphalt (Bitumen) Company Information
 Table 131. Tipco Asphalt Asphalt (Bitumen) Specification and Application
 Table 132. Tipco Asphalt Asphalt (Bitumen) Production (K MT), Value (US$ Million), Price (USD/MT) and Gross Margin (2020-2025)
 Table 133. Tipco Asphalt Main Business and Markets Served
 Table 134. Tipco Asphalt Recent Developments/Updates
 Table 135. LOTOS Asphalt (Bitumen) Company Information
 Table 136. LOTOS Asphalt (Bitumen) Specification and Application
 Table 137. LOTOS Asphalt (Bitumen) Production (K MT), Value (US$ Million), Price (USD/MT) and Gross Margin (2020-2025)
 Table 138. LOTOS Main Business and Markets Served
 Table 139. LOTOS Recent Developments/Updates
 Table 140. Marathon Oil Asphalt (Bitumen) Company Information
 Table 141. Marathon Oil Asphalt (Bitumen) Specification and Application
 Table 142. Marathon Oil Asphalt (Bitumen) Production (K MT), Value (US$ Million), Price (USD/MT) and Gross Margin (2020-2025)
 Table 143. Marathon Oil Main Business and Markets Served
 Table 144. Marathon Oil Recent Developments/Updates
 Table 145. KoçHolding Asphalt (Bitumen) Company Information
 Table 146. KoçHolding Asphalt (Bitumen) Specification and Application
 Table 147. KoçHolding Asphalt (Bitumen) Production (K MT), Value (US$ Million), Price (USD/MT) and Gross Margin (2020-2025)
 Table 148. KoçHolding Main Business and Markets Served
 Table 149. KoçHolding Recent Developments/Updates
 Table 150. CRH Asphalt (Bitumen) Company Information
 Table 151. CRH Asphalt (Bitumen) Specification and Application
 Table 152. CRH Asphalt (Bitumen) Production (K MT), Value (US$ Million), Price (USD/MT) and Gross Margin (2020-2025)
 Table 153. CRH Main Business and Markets Served
 Table 154. CRH Recent Developments/Updates
 Table 155. Nynas Asphalt (Bitumen) Company Information
 Table 156. Nynas Asphalt (Bitumen) Specification and Application
 Table 157. Nynas Asphalt (Bitumen) Production (K MT), Value (US$ Million), Price (USD/MT) and Gross Margin (2020-2025)
 Table 158. Nynas Main Business and Markets Served
 Table 159. Nynas Recent Developments/Updates
 Table 160. Phillips 66 Company Asphalt (Bitumen) Company Information
 Table 161. Phillips 66 Company Asphalt (Bitumen) Specification and Application
 Table 162. Phillips 66 Company Asphalt (Bitumen) Production (K MT), Value (US$ Million), Price (USD/MT) and Gross Margin (2020-2025)
 Table 163. Phillips 66 Company Main Business and Markets Served
 Table 164. Phillips 66 Company Recent Developments/Updates
 Table 165. Suncor Energy Asphalt (Bitumen) Company Information
 Table 166. Suncor Energy Asphalt (Bitumen) Specification and Application
 Table 167. Suncor Energy Asphalt (Bitumen) Production (K MT), Value (US$ Million), Price (USD/MT) and Gross Margin (2020-2025)
 Table 168. Suncor Energy Main Business and Markets Served
 Table 169. Suncor Energy Recent Developments/Updates
 Table 170. Husky Energy Asphalt (Bitumen) Company Information
 Table 171. Husky Energy Asphalt (Bitumen) Specification and Application
 Table 172. Husky Energy Asphalt (Bitumen) Production (K MT), Value (US$ Million), Price (USD/MT) and Gross Margin (2020-2025)
 Table 173. Husky Energy Main Business and Markets Served
 Table 174. Husky Energy Recent Developments/Updates
 Table 175. Key Raw Materials Lists
 Table 176. Raw Materials Key Suppliers Lists
 Table 177. Asphalt (Bitumen) Distributors List
 Table 178. Asphalt (Bitumen) Customers List
 Table 179. Asphalt (Bitumen) Market Trends
 Table 180. Asphalt (Bitumen) Market Drivers
 Table 181. Asphalt (Bitumen) Market Challenges
 Table 182. Asphalt (Bitumen) Market Restraints
 Table 183. Research Programs/Design for This Report
 Table 184. Key Data Information from Secondary Sources
 Table 185. Key Data Information from Primary Sources
 Table 186. Authors List of This Report


List of Figures
 Figure 1. Product Picture of Asphalt (Bitumen)
 Figure 2. Global Asphalt (Bitumen) Market Value by Type, (US$ Million) & (2020-2031)
 Figure 3. Global Asphalt (Bitumen) Market Share by Type: 2024 VS 2031
 Figure 4. Paving Petroleum Asphalt Product Picture
 Figure 5. Industrial Petroleum Asphalt Product Picture
 Figure 6. Others Product Picture
 Figure 7. Global Asphalt (Bitumen) Market Value by Application, (US$ Million) & (2020-2031)
 Figure 8. Global Asphalt (Bitumen) Market Share by Application: 2024 VS 2031
 Figure 9. Paving
 Figure 10. Roofing
 Figure 11. Others
 Figure 12. Global Asphalt (Bitumen) Production Value (US$ Million), 2020 VS 2024 VS 2031
 Figure 13. Global Asphalt (Bitumen) Production Value (US$ Million) & (2020-2031)
 Figure 14. Global Asphalt (Bitumen) Production Capacity (K MT) & (2020-2031)
 Figure 15. Global Asphalt (Bitumen) Production (K MT) & (2020-2031)
 Figure 16. Global Asphalt (Bitumen) Average Price (USD/MT) & (2020-2031)
 Figure 17. Asphalt (Bitumen) Report Years Considered
 Figure 18. Asphalt (Bitumen) Production Share by Manufacturers in 2024
 Figure 19. Global Asphalt (Bitumen) Production Value Share by Manufacturers (2024)
 Figure 20. Asphalt (Bitumen) Market Share by Company Type (Tier 1, Tier 2, and Tier 3): 2020 VS 2024
 Figure 21. The Global 5 and 10 Largest Players: Market Share by Asphalt (Bitumen) Revenue in 2024
 Figure 22. Global Asphalt (Bitumen) Production Value by Region: 2020 VS 2024 VS 2031 (US$ Million)
 Figure 23. Global Asphalt (Bitumen) Production Value Market Share by Region: 2020 VS 2024 VS 2031
 Figure 24. Global Asphalt (Bitumen) Production Comparison by Region: 2020 VS 2024 VS 2031 (K MT)
 Figure 25. Global Asphalt (Bitumen) Production Market Share by Region: 2020 VS 2024 VS 2031
 Figure 26. North America Asphalt (Bitumen) Production Value (US$ Million) Growth Rate (2020-2031)
 Figure 27. Europe Asphalt (Bitumen) Production Value (US$ Million) Growth Rate (2020-2031)
 Figure 28. China Asphalt (Bitumen) Production Value (US$ Million) Growth Rate (2020-2031)
 Figure 29. Japan Asphalt (Bitumen) Production Value (US$ Million) Growth Rate (2020-2031)
 Figure 30. India Asphalt (Bitumen) Production Value (US$ Million) Growth Rate (2020-2031)
 Figure 31. Southeast Asia Asphalt (Bitumen) Production Value (US$ Million) Growth Rate (2020-2031)
 Figure 32. Global Asphalt (Bitumen) Consumption by Region: 2020 VS 2024 VS 2031 (K MT)
 Figure 33. Global Asphalt (Bitumen) Consumption Market Share by Region: 2020 VS 2024 VS 2031
 Figure 34. North America Asphalt (Bitumen) Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 35. North America Asphalt (Bitumen) Consumption Market Share by Country (2020-2031)
 Figure 36. U.S. Asphalt (Bitumen) Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 37. Canada Asphalt (Bitumen) Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 38. Europe Asphalt (Bitumen) Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 39. Europe Asphalt (Bitumen) Consumption Market Share by Country (2020-2031)
 Figure 40. Germany Asphalt (Bitumen) Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 41. France Asphalt (Bitumen) Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 42. U.K. Asphalt (Bitumen) Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 43. Italy Asphalt (Bitumen) Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 44. Russia Asphalt (Bitumen) Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 45. Asia Pacific Asphalt (Bitumen) Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 46. Asia Pacific Asphalt (Bitumen) Consumption Market Share by Region (2020-2031)
 Figure 47. China Asphalt (Bitumen) Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 48. Japan Asphalt (Bitumen) Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 49. South Korea Asphalt (Bitumen) Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 50. China Taiwan Asphalt (Bitumen) Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 51. Southeast Asia Asphalt (Bitumen) Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 52. India Asphalt (Bitumen) Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 53. Latin America, Middle East & Africa Asphalt (Bitumen) Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 54. Latin America, Middle East & Africa Asphalt (Bitumen) Consumption Market Share by Country (2020-2031)
 Figure 55. Mexico Asphalt (Bitumen) Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 56. Brazil Asphalt (Bitumen) Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 57. Turkey Asphalt (Bitumen) Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 58. GCC Countries Asphalt (Bitumen) Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 59. Global Production Market Share of Asphalt (Bitumen) by Type (2020-2031)
 Figure 60. Global Production Value Market Share of Asphalt (Bitumen) by Type (2020-2031)
 Figure 61. Global Asphalt (Bitumen) Price (USD/MT) by Type (2020-2031)
 Figure 62. Global Production Market Share of Asphalt (Bitumen) by Application (2020-2031)
 Figure 63. Global Production Value Market Share of Asphalt (Bitumen) by Application (2020-2031)
 Figure 64. Global Asphalt (Bitumen) Price (USD/MT) by Application (2020-2031)
 Figure 65. Asphalt (Bitumen) Value Chain
 Figure 66. Channels of Distribution (Direct Vs Distribution)
 Figure 67. Bottom-up and Top-down Approaches for This Report
 Figure 68. Data Triangulation
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