Bituminous Paint Market Outlook To 2024: Key Application Categories (Waterproofing, Concrete, Steel, Wood, Timber, Corrosive, Protective Coating), Regional Segmentation, Competitive Dynamics, Pricing Analysis (OPP, IPP, RAP) And Segment Forecast

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The global bituminous paint market is expected to be valued at over $2.9 billion by 2024, growing at an estimated CAGR of 3.8% from 2017 to 2024. Increasing applications scope such as water-proofing, protective clothing, timber, steel and marine is expected to drive market growth over the forecast period.

 

A wide range of applications like waterproofing, protective coating, timber, steel, use in constructions, wood, concrete, marine applications is driving the market growth. Outstanding properties to seal the water leak and vapor leak are the key factors for the market demand.

 

Global Bituminous Paint Market 2024

 

Key Product Categories & Technologies

 

Bituminous paints are paints which contain bitumen and these are having high viscosity, sticky and black colored liquid. Bitumen contains high quantity of hydrocarbons and having a tar-like appearance. Bitumen is produced by fractional distillation of crude oil or crude oil based products. Setting time for bituminous paint varies from 2 to 26 hours depending on the quality and grade. Increase in demand for water proofing and protection from various external contamination along with matching properties of bitumen paint will show a tremendous demand in the market.

 

80% of the asphalt produced in North America is used for roofing and constructional coating applications. The construction industry is one of the major application fields for bituminous paint. Roofing coating and construction segment grab the highest share more than 40% of total bituminous paint market. Growing constructions in developing countries are the major source of market growth. Any metal or steel in a building which is exposed to the atmosphere is protected with bituminous paint. Since bitumen is insoluble in water, it acts as a protective layer to block the water. Roof coating is one of the emerging application in the field of construction. Roofing such as shingles and roll roofing are coated with bituminous paint. The iron body which is under water during construction is protected by bituminous paints.

 

Bituminous paints are also used in corrosion prevention applications like corrugated iron sheds, fire escapes, stairways, ladders, storage tanks, gutters, down-pipes, fences, railings, gates. Corrosion coating is expected to grow at a CAGR of 2.9 in the forecast period. Due to the ease of application of paint to the surface using a normal brush and low-cost product with excellent properties are expected to grow the demand in a protective coating.

 

Pipeline industries use bitumen paints to protect their pipes during storage and the protective layer can be formed using special types of bitumen paints. Cathode protection in casing pipes such as road bores is expected to contribute to bituminous paints market growth. Marine application of bitumen paints is expected to grow at the fastest rate. Bituminous paints are also used in marine applications such as to protect chain lockers, fishing tackle, ship chains, and buried steel surfaces.

 

Technology Outlook

 

Latest improvements in bitumen paint segment are depending on the application, invention of new additives which give better durability and much effective depending upon the usage. New waterborne bitumen paints are developed to improve the adhesion, non-flammability and ease of application.  Different types of formulations are required to meet the requirements, new formulations like, Anti-corrosive, fiber extended bitumen coating, aluminum blended bitumen paint are emerging in bitumen paint industry.

 

Top Players, Company Share, Competitive Dynamics & M&A Insights

 

Some of the major players in the bituminous paints market include Juno Bitumix Pvt Ltd., Tianjin Haiyunda Metal Material Co., Ltd. Saudi Bitumen Industries and Hebei Tuohua Metal Products Co., Ltd. Continuous investments in R&D and expansion in production capacity is the key factor to meet the demand of global bituminous paint.

 

Growth Drivers & Restraints

 

Rapid developments in infrastructure industry are going to drive the growth of bituminous paint market. Properties and low cost of these paints are further adding fuel to the growth. Fluctuation in crude oil prize and latest technology development in petroleum industries debottlenecking and cracking of heavier hydrocarbons to lighter may affect the market. Strict water board and environmental regulations may suppress the market in future.

 

 

 

Conclusions

 

North America as a leading region in Bituminous paint market with more than 50% of the global share, followed by Asia pacific and Europe. Asia pacific is fastest growing in the forecast period with a CAGR of 3.9%.

 

This report provides factors about current markets trends, product category, technologies, and market drivers and M&A. Provides market and technology projections for the upcoming years including the present technology and trends.

 

This report provides comprehensive analysis of,

 

  • Market growth drivers
  • Top players
  • Product outlook
  • Technology outlook

Regional outlook

 

  • North America
  • Europe
  • Asia Pacific

Application outlook

 

  • Roof proofing
  • Corrosion
  • Pipeline and marine

Chapter 1 Methodology and Scope

  • Research Methodology
  • Research Scope & Assumptions
  • List of Data Sources

Chapter 2 Executive Summary

Chapter 3 Bituminous Paint Overview

  • Market Ecosystem
  • Key Stakeholders
  • Industry Trends & Analysis

Chapter 4 Bituminous Paint Industry Outlook

  • Market Overview
  • Market Segmentation
  • Market Size & Growth Prospects
  • Market Analysis By Application
  • Leading Brand Dynamics
  • Key Market Drivers
    • Growth of end-use industries
    • Superior properties driving demand
  • Key Market Challenges/ Restraints
    • Volatile crude oil prices
    • Strict environment regulations
  • Key Market Opportunities
    • Rapid technological advancements
    • Strong demand from pipeline industry
  • Major Trends & Issues
  • Penetration & Growth Prospects
  • Industry Analysis - Porter’s
  • Bituminous Paint Market-PESTEL Analysis
  • Technology Landscape

Chapter 5: Pipeline Intelligence

  • Executive Summary
  • Upcoming/ Emerging Products and/or Solutions
  • Ease of application
  • Key R&D Trends
  • M&A Outlook

Chapter 6: Regional Market Outlook

Bituminous Paint Market Landscape by Region- 2015
  • North America Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Bn)
    • U.S. Market Landscape Analysis, 2014-2024
    • Canada Market Landscape Analysis-2014-2024
  • Europe Market Landscape Analysis, 2014-2024 Kilo (Tons, USD Bn)
    • UK Market Landscape Analysis, 2014-2024
    • Germany Market Landscape Analysis, 2014-2024
    • France Market Landscape Analysis, 2014-2024
    • Italy Market Landscape Analysis, 2014-2024
    • Spain Market Landscape Analysis, 2014-2024
  • Latin America Market Landscape Analysis, 2014-2024 Kilo (Tons, USD Bn)
    • Brazil Market Landscape Analysis, 2014-2024
    • Mexico Market Landscape Analysis, 2014-2024
    • Colombia Market Landscape Analysis, 2014-2024
  • Asia Pacific Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Bn)
    • Japan Market Landscape Analysis, 2014-2024
    • China Market Landscape Analysis, 2014-2024
    • India Market Landscape Analysis, 2014-2024
  • Middle East & Africa Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Bn)
    • Saudi Arabia Market Landscape Analysis, 2014-2024
    • UAE Market Landscape Analysis, 2014-2024

Chapter 7: Pricing Analysis

Optimal Price Points (OPP), Indifference Price Points (IPP) and Range of Acceptable Prices (RAP) of leading brands and revenue estimation by Region- 2015
  • North America Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2015)
    • U.S. Pricing Analysis-2015
    • Canada Pricing Analysis-2015
  • Europe Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2014)
    • UK Pricing Analysis-2015
    • Germany Pricing Analysis-2015
    • France Pricing Analysis-2015
    • Italy Pricing Analysis-2015
    • Spain Pricing Analysis-2015
  • Latin America Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2015)
    • Brazil Pricing Analysis-2015
    • Mexico Pricing Analysis-2015
    • Colombia Pricing Analysis-2015
  • Asia Pacific Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2015)
    • Japan Pricing Analysis-2015
    • China Pricing Analysis-2015
    • India Pricing Analysis-2015
  • Middle East & Africa Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2015)
    • Saudi Arabia Pricing Analysis-2015
    • UAE Pricing Analysis-2015

Chapter 8: Competitive Landscape

  • Saudi Bitumen Industries
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Hebei Tuohua Metal Products Co., Ltd.
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Tianjin Haiyunda Metal Material Co., Ltd.
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Juno Bitumix Pvt. Ltd.
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Gulf Petrochem
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Swastik Tar industries
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Berger Paints
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Twin Aces Industries Inc.
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
List of Tables
  • TABLE 1 Bituminous Paint Market - Industry Snapshot & Key Buying Criteria, 2014 - 2024
  • TABLE 2 Global Bituminous Paint Market, 2014 – 2024 (Kilo Tons, USD Billion)
  • TABLE 3 Global Bituminous Paint Market by Application, 2014 – 2024 (Kilo Tons, USD Billion)
  • TABLE 4 Bituminous Paint Market - Key Market Driver Analysis
  • TABLE 5 Bituminous Paint Market - Key Market Restraint/ Challenge Analysis
  • TABLE 6 Bituminous Paint Market – Key Opportunity Analysis
  • TABLE 7 North America Bituminous Paint Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 8 U.S. Bituminous Paint Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 9 Canada Bituminous Paint Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 10 Europe Bituminous Paint Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 11 U.K Bituminous Paint Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 12 Germany Bituminous Paint Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 13 France Bituminous Paint Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 14 Italy Bituminous Paint Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 15 Spain Bituminous Paint Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 16 Latin America Bituminous Paint Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 17 Brazil Bituminous Paint Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 18 Mexico Bituminous Paint Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 19 Colombia Bituminous Paint Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 20 Asia pacific Bituminous Paint Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 21 Japan Bituminous Paint Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 22 China Bituminous Paint Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 23 India Bituminous Paint Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 24 Middle East & Africa Bituminous Paint Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion
  • TABLE 25 Saudi Arabia Bituminous Paint Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 26 UAE Bituminous Paint Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 27 North America Pricing Analysis
  • TABLE 28 North America Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2015)
  • TABLE 29 U.S. Pricing Analysis-2015
  • TABLE 30 Canada Pricing Analysis-2015
  • TABLE 31 Europe Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2015)
  • TABLE 32 U.K Pricing Analysis-2015
  • TABLE 33 Germany Pricing Analysis-2015
  • TABLE 34 France Pricing Analysis-2015
  • TABLE 35 Italy Pricing Analysis-2015
  • TABLE 36 Spain Pricing Analysis-2015
  • TABLE 37 Latin America Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2015)
  • TABLE 38 Brazil Pricing Analysis-2015
  • TABLE 39 Mexico Pricing Analysis-2015
  • TABLE 40 Colombia Pricing Analysis-2015
  • TABLE 41 Asia Pacific Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2015)
  • TABLE 42 Japan Pricing Analysis-2015
  • TABLE 43 China Pricing Analysis-2015
  • TABLE 44 India Pricing Analysis-2015
  • TABLE 45 Middle East & Africa Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2015)
  • TABLE 46 Saudi Arabia Pricing Analysis-2015
  • TABLE 47 UAE Pricing Analysis-2015
List of Figures-  
  • 1 Bituminous Paint Market Segmentation
  • 2 Market Size & Growth Prospects
  • 3 Leading Brand Dynamics
  • 4 Penetration & Growth Prospects
  • 5 Industry Analysis – Porter’s
  • 6 Bituminous Paint Market – PESTEL Analysis
  • 7 Bituminous Paint Market Share by Application, 2015 & 2024
  • 8 Bituminous Paint Market Share by Region, 2015 & 2024

Key Insights Addressed:  

  • Defining market size from 2014 to 2015.
  • Estimating market growth till 2024 and consequence market forecast.
  • Identifying market drivers, restraints & future opportunities and allowing decision-maker with a range of possible outcomes and the probabilities that will occur for any choice of action.
  • Market segments and regions that will drive or lead market growth.
  • Defining Optimal Price Point (OPP) which will be accepted and recommended by maximum customers.
  • A bird’s-eye view of the competitive landscape and the key market players.
  • Key strategic growth driver adopted by market players. In-depth analysis of their strategies and implication on competition & growth.
  Key Findings:  
  • The global bituminous paint market is expected to grow nearly to 2.9 billion USD by the end of the year 2024 with a CAGR of 3.8%.
  • 80% of the asphalt produced in North America is used for roofing and constructional coating applications. The construction industry is one of the major application fields for bituminous paint.
  • Latest improvements in bitumen paint segment are depending on the application, invention of new additives which give better durability and much effective depending upon the usage.
  • Some of the major players in the bituminous paints market include Juno Bitumix Pvt Ltd., Tianjin Haiyunda Metal Material Co., Ltd. Saudi Bitumen Industries and Hebei Tuohua Metal Products Co., Ltd.
  • Fluctuation in crude oil prize and latest technology development in petroleum industries debottlenecking and cracking of heavier hydrocarbons to lighter may affect the market. Strict water board and environmental regulations may suppress the market in future.

Ameri Research implies a unique methodology of published information and primary research to bring key insights to customer decision making process. Our analytics model helps us to understand the structured and unstructured information from various sources. Key steps involves in the process are as below-

    1. Analyzing Published Information- Access to large pool of paid and unpaid published information via different sources and analyzing market trend.
    2. Setting Foundation- Input from analysis of secondary sources set our foundation to market analysis and helps in setting the scope for further research. Setting the scope involves Ameri Research proprietary statistical model, discussion with industry leaders, internal brain storming, key discussion pointers from various forums etc.
    3. Need Gap Analysis- Defining the gap between our scope and availability of information.
    4. KOL Panel Discussion- Focused Group Discussion with a structured discussion guide to fine tune the gap and deriving the factors driving/restraining the market trend.
    5. Quantitative Research- Sampling large number of industry players, Education/Research Institutes, Government bodies, NGOs, Individual acclaimed researchers and conducting primary interview with a structured questionnaire.
    6. Data Triangulation- We applies bottom-up demand approach or top-down estimation or a combined approach to triangulate the data points.
    7. Analyst Comment- Each of our analyst carry large pool of experience from domain perspective and add their value which are directional in nature
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Description

The global bituminous paint market is expected to be valued at over $2.9 billion by 2024, growing at an estimated CAGR of 3.8% from 2017 to 2024. Increasing applications scope such as water-proofing, protective clothing, timber, steel and marine is expected to drive market growth over the forecast period.

 

A wide range of applications like waterproofing, protective coating, timber, steel, use in constructions, wood, concrete, marine applications is driving the market growth. Outstanding properties to seal the water leak and vapor leak are the key factors for the market demand.

 

Global Bituminous Paint Market 2024

 

Key Product Categories & Technologies

 

Bituminous paints are paints which contain bitumen and these are having high viscosity, sticky and black colored liquid. Bitumen contains high quantity of hydrocarbons and having a tar-like appearance. Bitumen is produced by fractional distillation of crude oil or crude oil based products. Setting time for bituminous paint varies from 2 to 26 hours depending on the quality and grade. Increase in demand for water proofing and protection from various external contamination along with matching properties of bitumen paint will show a tremendous demand in the market.

 

80% of the asphalt produced in North America is used for roofing and constructional coating applications. The construction industry is one of the major application fields for bituminous paint. Roofing coating and construction segment grab the highest share more than 40% of total bituminous paint market. Growing constructions in developing countries are the major source of market growth. Any metal or steel in a building which is exposed to the atmosphere is protected with bituminous paint. Since bitumen is insoluble in water, it acts as a protective layer to block the water. Roof coating is one of the emerging application in the field of construction. Roofing such as shingles and roll roofing are coated with bituminous paint. The iron body which is under water during construction is protected by bituminous paints.

 

Bituminous paints are also used in corrosion prevention applications like corrugated iron sheds, fire escapes, stairways, ladders, storage tanks, gutters, down-pipes, fences, railings, gates. Corrosion coating is expected to grow at a CAGR of 2.9 in the forecast period. Due to the ease of application of paint to the surface using a normal brush and low-cost product with excellent properties are expected to grow the demand in a protective coating.

 

Pipeline industries use bitumen paints to protect their pipes during storage and the protective layer can be formed using special types of bitumen paints. Cathode protection in casing pipes such as road bores is expected to contribute to bituminous paints market growth. Marine application of bitumen paints is expected to grow at the fastest rate. Bituminous paints are also used in marine applications such as to protect chain lockers, fishing tackle, ship chains, and buried steel surfaces.

 

Technology Outlook

 

Latest improvements in bitumen paint segment are depending on the application, invention of new additives which give better durability and much effective depending upon the usage. New waterborne bitumen paints are developed to improve the adhesion, non-flammability and ease of application.  Different types of formulations are required to meet the requirements, new formulations like, Anti-corrosive, fiber extended bitumen coating, aluminum blended bitumen paint are emerging in bitumen paint industry.

 

Top Players, Company Share, Competitive Dynamics & M&A Insights

 

Some of the major players in the bituminous paints market include Juno Bitumix Pvt Ltd., Tianjin Haiyunda Metal Material Co., Ltd. Saudi Bitumen Industries and Hebei Tuohua Metal Products Co., Ltd. Continuous investments in R&D and expansion in production capacity is the key factor to meet the demand of global bituminous paint.

 

Growth Drivers & Restraints

 

Rapid developments in infrastructure industry are going to drive the growth of bituminous paint market. Properties and low cost of these paints are further adding fuel to the growth. Fluctuation in crude oil prize and latest technology development in petroleum industries debottlenecking and cracking of heavier hydrocarbons to lighter may affect the market. Strict water board and environmental regulations may suppress the market in future.

 

 

 

Conclusions

 

North America as a leading region in Bituminous paint market with more than 50% of the global share, followed by Asia pacific and Europe. Asia pacific is fastest growing in the forecast period with a CAGR of 3.9%.

 

This report provides factors about current markets trends, product category, technologies, and market drivers and M&A. Provides market and technology projections for the upcoming years including the present technology and trends.

 

This report provides comprehensive analysis of,

 

  • Market growth drivers
  • Top players
  • Product outlook
  • Technology outlook

Regional outlook

 

  • North America
  • Europe
  • Asia Pacific

Application outlook

 

  • Roof proofing
  • Corrosion
  • Pipeline and marine

Additional information

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