- Water Proofing
- Protective Coating
- Corrosion Prevention
Asia Pacific Bituminous Paints Market size was valued at USD 54.2 million in 2023 and is poised to grow at a CAGR of 4.8% from 2024-2030. The increasing number of applications, technological advancements, huge spending on R&D, and rapid industrialization in developing countries are some of the key factors fostering market growth. Bituminous paints are harmful to aquatic life when released in water in large quantities. Furthermore, various health hazards such as dizziness and skin itching caused due to bituminous paints are major factors restraining bituminous paints market growth. There are also strict environmental regulations that are further hindering Asia Pacific bituminous paint demand. Asia Pacific Bituminous Paints market is surging owing to frequent acquisitions and launchings by the market players. For Instance, Saudi Bitumen Industries and Hebei Tuohua Metal Products Co., Ltd. have continuous investments in R&D and expansion in production capacity.
Asia Pacific Bituminous Paints Market Dynamics
There is a high demand for bituminous paints across the industry owing to its corrosion and weather proof properties. They are easy to use and can be applied to the desired surface using conventional painting techniques such as spraying and paint brushes. The demand for these paints is also increasing in the marine and aviation sectors. Applications of bituminous paints include waterproofing, protective coating, corrosive, concrete, and steel. They are primarily used for waterproofing and are thus, used in painting pipes, machinery, and water tanks. Continuous research and development activities are expected to widen the scope of applications of bituminous paints, thereby augmenting the growth of the market in the near future.
China Accounts for Larger Market Revenue Share in
Asia Pacific Bituminous Paints Market
China accounted for larger revenue share in Asia Pacific Bituminous Paints market with considerable CAGR. Asia Pacific is expected to register significant growth over the forecast period on account of high growth in construction industry particularly in emerging markets of China. Rapid industrialization in the region coupled with significant growth in aviation industry is expected to further complement the regional market growth.
Latin America
Europe
Asia Pacific
Middle East
North America
Asia Pacific Bituminous Paints Market Segmentation
By Product
By Application
- Construction Industry
- Steel Industry
- Others
By Country
- Asia-Pacific
- Japan
- China
- India
- Australia & New Zealand
- ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
- South Korea
- Rest of Asia-Pacific
Frequently Asked Questions
The asia pacific bituminous paints market size was valued at USD 34.2 million in 2022
The report covers the asia pacific bituminous paints market data: China, India, Japan, Australia & New Zealand
Saudi Bitumen Industries, Hebei Tuohua Metal Products Co., Ltd., Tianjin Haiyunda Metal Material Co., Ltd., Juno Bitumix Pvt. Ltd., Gulf Petrochem, Swastik Tar industries
Key Features of the Report
- The asia pacific bituminous paints market report provides granular level information about the market size, regional market share, historic market (2018-2022), and forecast (2023-2029)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
| 1.Executive Summary |
| 2. Asia Pacific Bituminous Paints Market Introduction |
| 2.1. Asia Pacific Bituminous Paints Market - Taxonomy |
| 2.2. Asia Pacific Bituminous Paints Market - Definitions |
| 2.2.1. By Product |
| 2.2.2. By Application |
| 2.2.3. By Country |
| 3. Asia Pacific Bituminous Paints Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4. Asia Pacific Bituminous Paints Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Asia Pacific Bituminous Paints Market By Product, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Water Proofing |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Protective Coating |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Corrosion Prevention |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6. Asia Pacific Bituminous Paints Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Construction Industry |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Steel Industry |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Others |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 7. Asia Pacific Bituminous Paints Market By Country, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. China |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. India |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Australia and New Zealand (ANZ) |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Japan |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Rest of APAC |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.China Asia Pacific Bituminous Paints Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Product Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Water Proofing |
| 8.1.2.Protective Coating |
| 8.1.3.Corrosion Prevention |
| 8.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Construction Industry |
| 8.2.2.Steel Industry |
| 8.2.3.Others |
| 9.India Bituminous Paints Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Water Proofing |
| 9.1.2.Protective Coating |
| 9.1.3.Corrosion Prevention |
| 9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Construction Industry |
| 9.2.2.Steel Industry |
| 9.2.3.Others |
| 10.Australia and New Zealand (ANZ) Bituminous Paints Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Water Proofing |
| 10.1.2.Protective Coating |
| 10.1.3.Corrosion Prevention |
| 10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Construction Industry |
| 10.2.2.Steel Industry |
| 10.2.3.Others |
| 11.Japan Bituminous Paints Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Water Proofing |
| 11.1.2.Protective Coating |
| 11.1.3.Corrosion Prevention |
| 11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Construction Industry |
| 11.2.2.Steel Industry |
| 11.2.3.Others |
| 12.Rest of APAC Bituminous Paints Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Water Proofing |
| 12.1.2.Protective Coating |
| 12.1.3.Corrosion Prevention |
| 12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Construction Industry |
| 12.2.2.Steel Industry |
| 12.2.3.Others |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.Saudi Bitumen Industries |
| 13.2.2.Hebei Tuohua Metal Products Co., Ltd. |
| 13.2.3.Tianjin Haiyunda Metal Material Co., Ltd. |
| 13.2.4.Juno Bitumix Pvt. Ltd. |
| 13.2.5.Gulf Petrochem |
| 13.2.6.Berger Paints |
| 13.2.7.Twin Aces Industries Inc. |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
- Saudi Bitumen Industries
- Hebei Tuohua Metal Products Co., Ltd.
- Tianjin Haiyunda Metal Material Co., Ltd.
- Juno Bitumix Pvt. Ltd.
- Gulf Petrochem
- Berger Paints
- Twin Aces Industries Inc.