Bitumen Market Share, Size, and Forecast Analysis 2030

he global Bitumen Market is projected to reach USD 76.41 billion by 2030, growing at a CAGR of 3.7%, driven largely by rising road construction projects worldwide. Developing nations, in particular, are fueling demand as they expand their highway networks, with bitumen remaining a key raw material in infrastructure development.
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The Asia-Pacific region dominates the market and is also the fastest-growing, thanks to rapid industrialization and road infrastructure investments. For instance, according to the India Brand Equity Foundation, India is aggressively developing its national highways, including high-speed, access-controlled routes, to build a world-class road network—further boosting bitumen demand in the region. This growth underscores the critical role of bitumen in global infrastructure expansion.