INDIA BITUMEN MARKET

KEY FINDINGS

• The Indian bitumen market is poised for significant growth, driven by several key factors. 
•  India's massive infrastructure development plans, including initiatives like Pradhan Mantri Gram Sadak Yojana (rural roads program) and national highway expansions, will significantly increase bitumen demand for road construction.
• Rapid urbanization is leading to a rise in new buildings and improved transportation networks, further fueling bitumen consumption in roofing and waterproofing applications.
• Growing awareness of superior road quality is driving demand for modified bitumen grades like polymer-modified bitumen, which offer better durability and performance.
• Both public and private investments are expected to rise in the bitumen sector. Government initiatives alongside private players entering the road construction and industrial space will propel market growth.
• Upgradation of existing refineries and potentially new ones could improve domestic bitumen production, reducing dependence on imports.
•  Road construction is the primary consumer of bitumen in India, accounting for nearly 90% of total demand. This segment is likely to maintain its dominance due to ongoing infrastructure projects.
•  Paving grade bitumen, specifically used for road construction, is the most sought-after type within the market due to its extensive application in various road projects.
• The Indian government's ambitious infrastructure development plans require vast quantities of bitumen for road construction. This sustained demand is a major growth driver for the market.
• As cities expand, there's a growing need for new buildings and improved transportation infrastructure. Bitumen plays a crucial role in both aspects, creating significant market opportunities.
• Traditional bitumen has limitations in terms of durability and performance. The increasing use of modified bitumen grades, like polymer-modified bitumen, addresses these concerns and offers a more sustainable solution, driving market growth for these advanced products.
• Given its primary application in road construction, paving-grade bitumen remains the most widely used type in the Indian market.

INTRODUCTION TO INDIA BITUMEN MARKET

Bitumen, commonly referred to as asphalt or tar, is a thick, sticky, and dark material made from crude oil. It is an essential component used in the building and upkeep of roadways as well as several industrial uses. The bitumen sector is significantly influenced by India as a large market and producer.

In order to produce bitumen in India, crude oil must first be refined to acquire the heavy fractions, which must then undergo further processing in order to isolate bitumen from other constituents. The source of the crude oil and the refining method can have an impact on the quality and properties of India bitumen. The need for high-quality road building and infrastructure expansion drives India's bitumen sector. 

Indian bitumen comes in a variety of grades or varieties, each created to satisfy certain performance needs and climatic circumstances. The IndianCommittee for Standardisation (CEN) established the bitumen Indianstandard, which covers characteristics including penetration, softening point, viscosity, and elasticity.

Bitumen is used in many other industrial areas in addition to the construction of roads. It is utilised in roofing goods, corrosion protection coatings, soundproofing membranes, and building waterproofing materials. In addition, bitumen is used to make adhesives, seals, and components for automobiles including tyre casings and battery trays. To guarantee product performance, safety, and environmental sustainability, the bitumen business in India is subject to stringent rules and quality control procedures. The production, transportation, and storage of bitumen are governed by national laws and guidelines from the IndianUnion.

INDIA BITUMEN MARKETSIZE AND FORECAST

TheIndia bitumen marketaccounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

INDIA BITUMEN MARKET NEW PRODUCT LAUNCH

A Bitumen Product Is Launched By Shell To Lessen The Effects Of Road Paving On Local Air Quality. A new bitumen product from Shell has been introduced that may help lessen the negative effects of paving and asphalt manufacturing on the local air quality. It has been demonstrated that Shell Bitumen FreshAir can aid in lowering the emissions of certain gases and particles from asphalt mixes during manufacture.

Shell is the first significant bitumen provider to create a remedy that addresses the effect on air quality. It is predicted that switching to Shell Bitumen FreshAir will have a comparable impact on the lowering of nitrogen dioxide or particulate matter (PM10).

INDIA BITUMEN MARKET RECENT LAUNCHES

INDIA BITUMEN MARKET COMPANY PROFILES

• YASH INTERNATIONAL (T) LTD. 
• SHIV SONS.
• SUPREME BITUCHEM INDIA PVT
• RUBO SYNTH IMPEX PVT.
• SRI TRAPU COATING PVT.

INDIA BITUMEN MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many India bitumen are manufactured per annum globally? Who are the sub-component suppliers in different regions?
2. Cost breakup of a Global India bitumen  and key vendor selection criteria
3. Where is the India bitumen manufactured? What is the average margin per unit?
4. Market share of Global India bitumen  market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Global India bitumen  in-house
6. key predictions for next 5 years in the Global India bitumen  market
7. Average B-2-B India bitumen  market price in all segments
8. Latest trends in India bitumen  market, by every market segment
9. The market size (both volume and value) of the India bitumen market in 2024-2030 and every year in between?
10. Production breakup of India bitumen market, by suppliers and their OEM relationship