What is Bitumen?
Bitumen is also known as Asphalt. It is a black, semi-solid form of petroleum. It can be found in natural deposits or it can be a refined product and it is called pitch.
Composition
1. Naphthene aromatics
2. Polar aromatics
3. Saturated hydrocarbons
4. Asphaltenes
Related projects:- Bitumen, Base Oil, Crude Oil, Fuel Oils, Lubricating Oils, Gear Oils, Kerosene Projects
Application
It is calculated that every year 102 million tones of bitumen is used globally. Bitumen is used in construction and maintenance of:
v Agriculture
v Buildings and industrial paving
v Hydraulics and erosion control
v Industrial
v Paving
v Railways
v Recreation
Indian Companies
|
S. No.
|
Name
|
Company
|
Location
|
Price
|
|
1.
|
Dr. Fixit Samshield Polymer Modifies Bitumen
|
Jaichittra Inc.
|
Chennai
|
Rs 3,500/Roll
|
|
2.
|
Bitumen 30/40
|
Torchtar Membrames And Bitumen Products Private Limited
|
Bulandshahr
|
Rs 32/Kg
|
|
3.
|
Industrial Grade MAK MSRB Bituminous Construction Adhesive
|
M.K. Petro Products India Private Limited
|
Faridabad
|
Rs 100/Kg
|
|
4.
|
VJT Iran Bitumen, Road Construction
|
Veejay Trading
|
New Delhi
|
Rs 26,00/Metric Ton
|
|
5.
|
Natural Bitumen Vg 10 (80 100)
|
Planet Industries Private Limited
|
Delhi
|
Rs 30/Litre
|
|
6.
|
Cold Bitumen
|
Jai Bitumen
|
Chandigarh
|
Rs 30/Kg
|
| |
|
|
|
|
|
Related videos: - Petroleum and Petroleum Products
Export and Import of Bitumen – India
|
Commodity
|
Reporter
|
Partner
|
Trade Flow
|
Indicator
|
2015
|
2016
|
2017
|
2018
|
2019
|
|
2714 Bitumen and asphalt, natural; bituminous or oil shale and tar sands; asphaltites and asphaltic rocks.
|
India
|
World
|
Exports
|
Net weight (kg)
|
16 914 131.00
|
23 710 574.00
|
6 105 675.00
|
5 085 794.00
|
930 723.00
|
|
Quantity
|
16 914 131.00
|
23 710 574.00
|
6 105 675.00
|
5 085 794.00
|
|
|
Value (US$)
|
6 620 622.00
|
10 900 733.00
|
2 611 966.00
|
2 285 802.00
|
548 536.00
|
|
Imports
|
Net weight (kg)
|
34 412 097.00
|
15 918 364.00
|
8 048 005.00
|
8 638 564.00
|
3 371 582.00
|
|
Quantity
|
34 412 097.00
|
15 918 364.00
|
8 048 005.00
|
8 638 564.00
|
|
|
Value
|
14 547 451.00
|
6 373 909.00
|
4 245 862.00
|
4 564 512.00
|
2 456 771.00
|
The amount of exports of commodity group 2714 “Bitumen and asphalt, natural; bituminous or oil shale and tar sands; asphaltites and asphaltic rocks” from India accounted for $548 thousand in 2019. Sales of this group from India fell by 76% in value terms compared to 2018. Exports fell by &1.73 million compared to 2018.
Exports of this group amounted to 0.001% of total sales of group in 2019. The share of exports of this group in sales of commodity group from India lowered by 0.003 p.p. compared to 2018.
Where does India export Bitumen to (in 2019)?
1. Nepal with a share of 43%
2. USA with a share of 22%
3. Georgia with a share of 10.6%
4. UAE with a share of 10.2%
5. Thailand with a share of 8%
6. Saudi Arabia with a share of 2.04%
7. Bangladesh – US$ 3.93 thousand
8. Sri Lanka – US$2.66 thousand
9. Australia – US$ 1.93 thousand
10. Turkey – US$1.7 thousand
Related books: - Petroleum, Greases, Lubricants, Petro Chemicals, Wax, Polishes and Petro Products Formulation and Technology
Global Market Analysis of Bitumen – Forecast Period: 2019 to 2016
Global market of bitumen amounted to USD 89.7 billion in 2018 and will grow at a CAGR of 3.8% over the forecast period. It is estimated to account for USD 116.27 billion in 2026.
2 major market drivers
Ø Steady growth in the construction industry
Ø Rise in the number of road construction activities.
Some of the major challenges
Ø Environmental concern related to product abstraction
Ø Fluctuation crude oil prices
Use of paving Bitumen has increased due to increase in road construction activities
Related projects:- Petroleum and Petroleum Products
Global vehicular sales market accounted for 96.8 million units in 2017 and is estimated to reach 125.5 million units by the end of the forecast period. Therefore, it creates a need for broader and better quality roads which gives rise to global bitumen market.
Increasing construction activities in Asia Pacific
Asia Pacific held a market share of more than 45% in 2018.
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