Bitumen fell to 2,910 CNY/T on December 2, 2025, down 1.76% from the previous day. Over the past month, Bitumen's price has fallen 10.07%, and is down 19.10% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Bitumen - values, historical data, forecasts and news - updated on December of 2025.

The average petroleum bitumen import price stood at $331 per ton in May 2025, dropping by -2.3% against the previous month.

Natural bitumen and asphalt exports from Bahrain declined dramatically to 107K tons in 2023, dropping by -21.7% compared with the year before.

China Settlement Price: Shanghai Future Exchange: Petroleum Bitumen: 6th Month data was reported at 3,377.000 RMB/Ton in 13 May 2025. This records an increase from the previous number of 3,348.000 RMB/Ton for 12 May 2025. China Settlement Price: Shanghai Future Exchange: Petroleum Bitumen: 6th Month data is updated daily, averaging 3,224.000 RMB/Ton from Oct 2013 (Median) to 13 May 2025, with 2820 observations. The data reached an all-time high of 4,777.000 RMB/Ton in 09 Jun 2022 and a record low of 1,670.000 RMB/Ton in 15 Feb 2016. China Settlement Price: Shanghai Future Exchange: Petroleum Bitumen: 6th Month data remains active status in CEIC and is reported by Shanghai Futures Exchange. The data is categorized under China Premium Database’s Financial Market – Table CN.ZB: Shanghai Futures Exchange: Commodity Futures: Settlement Price: Daily.

Graph and download economic data for Producer Price Index by Industry: Asphalt Paving Mixture and Block Manufacturing: Asphalt and Tar Paving Mixture (Excluding Liquid), Including Bitumen or Asphalt Concrete, Asphalt Paving Cement (PCU3241213241210131) from Dec 2004 to Aug 2025 about asphalt, cement, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

Fuel Price: Indian Oil Corporation Limited: Bitumen: Koyali: Packed: Grade VG30 data was reported at 38,250.000 INR/Metric Ton in 06 Dec 2018. This stayed constant from the previous number of 38,250.000 INR/Metric Ton for 05 Dec 2018. Fuel Price: Indian Oil Corporation Limited: Bitumen: Koyali: Packed: Grade VG30 data is updated daily, averaging 33,460.000 INR/Metric Ton from Nov 2009 (Median) to 06 Dec 2018, with 3323 observations. The data reached an all-time high of 45,750.000 INR/Metric Ton in 30 Sep 2013 and a record low of 25,473.000 INR/Metric Ton in 29 Feb 2016. Fuel Price: Indian Oil Corporation Limited: Bitumen: Koyali: Packed: Grade VG30 data remains active status in CEIC and is reported by Indian Oil Corporation Limited. The data is categorized under India Premium Database’s Energy Sector – Table IN.RBJ004: Fuel Price: Indian Oil Corporation Limited: Bitumen: Packed.

The global bitumen market, valued at $56,500 million in 2025, is projected to experience steady growth with a compound annual growth rate (CAGR) of 2.0% from 2025 to 2033. This growth is driven by several factors. Increased infrastructure development, particularly road construction and expansion projects globally, fuels significant demand for bitumen as a primary binding agent in asphalt. Furthermore, the rising need for waterproofing solutions in buildings and infrastructure contributes to market expansion. The growing adoption of polymer-modified bitumen, offering enhanced durability and performance compared to traditional bitumen, also boosts market growth. However, fluctuations in crude oil prices, a key raw material for bitumen production, pose a significant challenge. Stringent environmental regulations regarding bitumen emissions and the exploration of sustainable alternatives might constrain market growth in the long term. The market is segmented by type (natural bitumen, petroleum bitumen, coal-tar pitch) and application (emulsion, polymer-modified, roadways, waterproofing, adhesives, others). Major players like BP, Shell, ExxonMobil, and Sinopec control a significant market share, leveraging their extensive production and distribution networks. Regional growth is expected to vary, with developing economies in Asia-Pacific experiencing faster growth compared to mature markets in North America and Europe, due to ongoing urbanization and infrastructural development. The market's steady CAGR reflects a balance between these positive and negative factors. The ongoing demand for road construction and infrastructure projects, coupled with the increasing use of advanced bitumen types, ensures a sustained, albeit moderate, expansion of the market. However, proactive strategies to address environmental concerns and mitigate the impact of crude oil price volatility will be crucial for long-term market stability and sustainable growth. Further market segmentation analysis based on specific regional projects and technological advancements will offer more precise future projections and investment opportunities.

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Modified Bitumen Market Size 2025-2029

The modified bitumen market size is forecast to increase by USD 3.13 billion, at a CAGR of 4.5% between 2024 and 2029.

The market is experiencing significant growth due to the rise in road construction projects worldwide. This trend is expected to continue as infrastructure development remains a priority for numerous governments and economies. Another key driver is the increasing utilization of reclaimed modified bitumen products, which not only reduces the environmental impact but also offers cost savings for manufacturers and consumers. However, the market faces challenges, most notably the volatility in raw material prices. This instability can negatively affect the profitability of manufacturers and disrupt supply chains.
Companies in the market must closely monitor raw material costs and explore alternative sourcing strategies to mitigate this risk and maintain operational efficiency. Natural rubber modifiers are being incorporated into modified bitumen to enhance its elasticity and flexibility. By staying informed of these market dynamics, businesses can effectively capitalize on opportunities and navigate challenges, ensuring long-term success in the industry.

What will be the Size of the Modified Bitumen Market during the forecast period?

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The market is experiencing significant activity and trends, driven by the increasing emphasis on sustainability and energy efficiency in the construction industry. Green building standards, such as Energy Star and LEED certification, are increasingly influencing roofing choices. Roof coatings with reflective properties and green roof systems are gaining popularity for their energy savings and carbon footprint reduction. Hail resistance and impact resistance are crucial factors in roofing safety, especially in regions prone to severe weather. OSHA regulations prioritize workplace safety, leading to the adoption of synthetic underlayments and roofing software for improved installation processes. Storm damage and insurance claims are also driving the market, with renewable energy integration and stormwater management becoming essential considerations.
In the realm of building construction, modified bitumen is utilized in roofing systems due to its excellent waterproofing properties. Asphalt shingles are being replaced by cool roofs and vegetative roofing for better air quality and urban infrastructure development. Circular economy principles are influencing the market, with an emphasis on recycling and reusing roofing materials. Roof leaks and ponding water remain challenges, with innovative solutions being developed to address these issues. Roofing warranty and storm damage are key concerns for contractors and building owners, leading to increased demand for durable and reliable roofing solutions.

How is this Modified Bitumen Industry segmented?

The modified bitumen industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Road construction
  Building construction
  Others


Application

  Hot asphalt method
  Cold asphalt method
  Torch asphalt method


Product Type

  Polymer
  Crumb rubber


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    UK


  APAC

    Australia
    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By End-user Insights

The road construction segment is estimated to witness significant growth during the forecast period. Modified bitumen is a popular material in the construction industry, particularly for roofing systems and road pavements. In roofing applications, it offers various benefits such as enhanced fire resistance, tear resistance, and weather resistance. Modified bitumen roofing membranes come in two forms: applied modified bitumen (SBS and APP) and torch-applied. These membranes are used extensively in both residential and commercial roofing projects. In commercial roofing, modified bitumen provides excellent wind uplift resistance and mechanical fastening, making it an ideal choice for large, low-slope buildings. Roofing contractors also appreciate its ease of installation and durability. In the realm of sustainable roofing, modified bitumen offers a viable solution with its potential for life cycle assessment and recyclability.

For industrial roofing, modified bitumen base sheets and cap sheets provide a robust building envelope, ensuring energy efficiency and thermal conductivity. Roof insulation and adhesive application are crucial aspects of modified bitumen roofing systems, ensuring optimal performance and longevity. In the context of building codes, modified bitumen roofing membranes meet various requirements, including fire resistance, wi

Hong Kong Wholesale Price: Bitumen data was reported at 7,600.000 HKD/Ton in Aug 2018. This stayed constant from the previous number of 7,600.000 HKD/Ton for Jul 2018. Hong Kong Wholesale Price: Bitumen data is updated monthly, averaging 6,750.000 HKD/Ton from May 2003 (Median) to Aug 2018, with 184 observations. The data reached an all-time high of 9,330.000 HKD/Ton in May 2012 and a record low of 3,650.000 HKD/Ton in Apr 2004. Hong Kong Wholesale Price: Bitumen data remains active status in CEIC and is reported by Census and Statistics Department. The data is categorized under Global Database’s Hong Kong SAR – Table HK.P004: Wholesale Price: Construction Materials.

This dataset provides values for BITUMEN reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

The Malaysian natural bitumen and asphalt market declined to $584M in 2024, which is down by -13.5% against the previous year. Overall, the total consumption indicated a remarkable increase from 2012 to 2024: its value increased at an average annual rate of +5.0% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -5.6% against 2019 indices.

In value terms, natural bitumen and asphalt imports stood at $784M in 2016. In general, natural bitumen and asphalt imports continue to indicate a deep shrinkage. In that year, global natural bitumen ...

According to Cognitive Market Research, the global Modified Bitumen Market size is USD 21.56 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031. Market Dynamics of Modified Bitumen Market

Key Drivers for Modified Bitumen Market

Environmental Regulations and Sustainable Construction- Governments worldwide are enforcing stricter regulations on construction materials to reduce environmental impact. Modified bitumen, incorporating recycled materials like crumb rubber or natural rubber, aligns with these sustainability goals. This trend not only meets regulatory requirements but also appeals to environmentally conscious consumers and industries looking for eco-friendly building solutions. This factor significantly influences market dynamics, driving manufacturers to innovate and expand their offerings in sustainable modified bitumen products.
Rapid urban expansion and industrial development necessitate reliable infrastructure, boosting the demand for durable bituminous materials.

Key Restraints for Modified Bitumen Market

Volatile prices of raw materials like polymers and rubber affect profit margins and pricing stability in the modified bitumen market.
The market also faces significant difficulties related to data security and privacy.

Introduction of the Modified Bitumen Market

Modified bitumen refers to a type of asphalt product enhanced with additives or modifiers like styrene-butadiene-styrene (SBS), atactic polypropylene (APP), crumb rubber, or natural rubber. These modifications impart enhanced elasticity, durability, and resistance to temperature variations, making it suitable for various construction applications. The market for modified bitumen is driven by increasing infrastructure development activities globally, coupled with stringent regulations promoting sustainable building materials. Urbanization and industrialization trends further fuel demand, requiring robust and long-lasting road and building construction materials. As the construction industry continues to evolve, modified bitumen remains pivotal in addressing durability and performance requirements, contributing to its steady growth across diverse geographical markets.

Get the latest insights on price movement and trends analysis of Asphalt in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

United States - Producer Price Index by Industry: Asphalt Paving Mixture and Block Manufacturing: Asphalt and Tar Paving Mixture (Excluding Liquid), Including Bitumen or Asphalt Concrete, Asphalt Paving Cement was 257.53400 Index Dec 2004=100 in August of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Asphalt Paving Mixture and Block Manufacturing: Asphalt and Tar Paving Mixture (Excluding Liquid), Including Bitumen or Asphalt Concrete, Asphalt Paving Cement reached a record high of 326.12200 in February of 2025 and a record low of 100.00000 in December of 2004. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Asphalt Paving Mixture and Block Manufacturing: Asphalt and Tar Paving Mixture (Excluding Liquid), Including Bitumen or Asphalt Concrete, Asphalt Paving Cement - last updated from the United States Federal Reserve on November of 2025.

Fuel Price: Indian Oil Corporation Limited: Bitumen: Crumb Rubber Modified Bitumen: Koyali: Bulk: Grade CRMB55 data was reported at 33,550.000 INR/Metric Ton in 18 Dec 2018. This stayed constant from the previous number of 33,550.000 INR/Metric Ton for 17 Dec 2018. Fuel Price: Indian Oil Corporation Limited: Bitumen: Crumb Rubber Modified Bitumen: Koyali: Bulk: Grade CRMB55 data is updated daily, averaging 31,300.000 INR/Metric Ton from Jan 2010 (Median) to 18 Dec 2018, with 3274 observations. The data reached an all-time high of 42,910.000 INR/Metric Ton in 15 May 2014 and a record low of 24,663.000 INR/Metric Ton in 29 Feb 2016. Fuel Price: Indian Oil Corporation Limited: Bitumen: Crumb Rubber Modified Bitumen: Koyali: Bulk: Grade CRMB55 data remains active status in CEIC and is reported by Indian Oil Corporation Limited. The data is categorized under India Premium Database’s Energy Sector – Table IN.RBJ003: Fuel Price: Indian Oil Corporation Limited: Bitumen: Bulk.

Malaysia Civil Engineering Work: Auto Gas Oil: Bitumen 60/70 Penetration data was reported at 2,080.000 MYR/Metric Ton in Nov 2018. This stayed constant from the previous number of 2,080.000 MYR/Metric Ton for Oct 2018. Malaysia Civil Engineering Work: Auto Gas Oil: Bitumen 60/70 Penetration data is updated monthly, averaging 1,480.000 MYR/Metric Ton from Dec 1998 (Median) to Nov 2018, with 237 observations. The data reached an all-time high of 2,450.000 MYR/Metric Ton in Nov 2012 and a record low of 481.500 MYR/Metric Ton in Apr 1999. Malaysia Civil Engineering Work: Auto Gas Oil: Bitumen 60/70 Penetration data remains active status in CEIC and is reported by Department of Statistics. The data is categorized under Global Database’s Malaysia – Table MY.P005: Civil Engineering Work: Average Unit Price. Starting May 2017, the bitumen 80/100 penetration has been converted into 60/70.The price for bitumen 60/70 penetration is based on average ex-Kuala Lumpur.

The global road grade bitumen market is booming, projected to reach $164.24 billion by 2033 with a 5.2% CAGR. Discover key drivers, trends, and regional insights into this expanding industry, dominated by major players like Shell and ExxonMobil. Learn about market segmentation by application and bitumen grade.

Graph and download economic data for Producer Price Index by Industry: Asphalt Paving and Roofing Materials Manufacturing (PCU3241232412) from Dec 1984 to Sep 2025 about asphalt, materials, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

The average petroleum bitumen import price stood at $481 per ton in March 2025, with a decrease of -4.3% against the previous month.