印度瀝青市場評估：依類型[鋪路瀝青、氧化瀝青、聚合物改質瀝青、其他]、應用[道路建設、防水、黏合劑、其他]、地區、機會及預測（2019-2033 年）

預計印度瀝青市場在 2026 財年至 2033 財年期間將以 3.70% 的複合年增長率成長。這主要得益於基礎設施的快速發展、道路建設活動的增加以及各種應用領域對瀝青需求的不斷增長。市場規模預計將從 2025 財年的 43.2 億美元成長到 2033 財年的 57.8 億美元。預計在預測期內，印度瀝青市場將顯著成長，這主要歸功於政府雄心勃勃的道路網絡擴張和城市發展政策。

快速的城市化和工業化正在顯著增加印度對強大基礎設施的需求。政府的旗艦計畫 "印度公路網計畫" （Bharatmala Pariyojana）和 "總理鄉村道路計畫" （Pradhan Mantri Gram Sadak Yojana，簡稱PMGSY）正積極推動高速公路、幹線公路和地方道路的建設，這些都是瀝青消耗的主要來源。車輛保有量的成長和智慧城市的擴張需要進一步改善道路網絡，而瀝青是其中一種關鍵且經濟高效的鋪路材料。此外，由於惡劣天氣條件，現有道路需要持續維護和維修，這也支撐了瀝青的穩定需求。透過加強國內瀝青產能來降低進口依賴以及採用生物瀝青也是推動市場成長的因素。

例如，2024年12月，印度開通了首條綠色公路－那格浦爾-曼蘇爾繞城公路計畫（44號國道），該公路採用Praj Industries公司開發的木質素基生物瀝青建造。使用高達 15% 混合比例的木質素基生物瀝青建造的道路，與傳統的化石基瀝青相比，可減少高達 70% 的溫室氣體 (GHG) 排放，這標誌著向可持續替代方案邁出了重要一步。

目錄

第一章：專案範圍與定義

第二章：研究方法

第三章：商品及服務稅 (GST) 合理化的影響

第四章：摘要整理

第五章：客戶之聲

• 受訪者人口統計資料
• 購買決策中的考慮因素
• 未滿足的需求

第六章 印度瀝青市場展望2019-2033

• 市場規模分析及預測
  • 依價值
  • 依數量
• 市佔率分析及預測
  • 依類型
    • 鋪路瀝青
    • 氧化級瀝青
    • 聚合物改質瀝青
    • 其他
  • 應用領域
    • 道路建設
    • 防水
    • 黏合劑
    • 其他
  • 依地區
    • 北部
    • 西部和中部
    • 南部
    • 東部
  • 公司市佔率分析
• 2025年市場地圖分析
  • 依類型
  • 依應用
  • 依地區

第七章 供需分析

第八章：進出口分析

第九章：價值鏈分析

第十章：波特五力分析

第十一章：PESTLE分析

第十二章：定價分析

第十三章：市場動態

• 市場推動因素
• 市場挑戰

第十四章：市場趨勢與發展

第十五章：競爭格局

• 五大競爭對手矩陣 前五名 SWOT 分析 前十大主要參與者
  • 印度石油公司 (Indian Oil Corporation Limited)
    • 公司詳情
    • 關鍵管理人員
    • 產品與服務
    • 財務資訊（已公佈）
    • 主要市場趨勢與地理擴張
    • 近期發展/聯盟/合作/併購
  • 巴拉特石油公司 (Bharat Petroleum Corporation Limited)
  • 印度斯坦可樂公司 (Hindustan Colas Limited)
  • 阿加瓦爾工業公司 (Agarwal Industrial Corporation Limited)
  • 蒂基石油與殼牌印度私人有限公司 (Tiki Tar and Shell India Private Limited)
  • 納亞拉能源有限公司 (Nayara Energy Limited)
  • 欽奈石油公司 (Chennai Petroleum Corporation Limited)
  • 芒格洛爾煉油石化有限公司 (Mangalore Refinery and Petrochemicals Limited)
  • 印度斯坦石油公司 (Hindustan Petroleum Corporation Limited)
  • 芒格洛爾煉油石化有限公司 (Mangalore Refinery and Petrochemicals Limited)

以上列出的公司排名不分先後，不以市場佔有率為依據，並可能根據研究過程中獲得的資訊進行調整。

第十六章：策略建議

第十七章：關於研究公司及免責聲明

India bitumen market is projected to witness a CAGR of 3.70% during the forecast period FY2026-FY2033, growing from USD 4.32 billion in FY2025 to USD 5.78 billion in FY2033, owing to the rapid infrastructure development, increased road construction activities, and the growing demand for bitumen in various applications. India's bitumen market is anticipated to have a remarkable rise during the forecast period, which is attributed largely to the government's ambitious initiatives for road network expansion and urban development.

Due to rapid urbanization and industrialization, India has witnessed a significant increase in demand for robust infrastructure. The government's flagship programs, such as Bharatmala Pariyojana and Pradhan Mantri Gram Sadak Yojana (PMGSY), are actively promoting the construction of highways, expressways, and rural roads, which are major consumers of bitumen. The increasing vehicle ownership and the expansion of smart cities further necessitate improved road networks, for which bitumen is a primary and cost-effective paving material. Additionally, the constant need for maintenance and repair of existing roads due to harsh weather conditions consistently supports the demand for bitumen. The emphasis on reducing import dependency by bolstering domestic bitumen production capacity, alongside the integration of bio-bitumen, is also propelling market growth.

For instance, in December 2024, India inaugurated its first green road on the Nagpur-Mansar Bypass Project (NH44), constructed with lignin-based bio-bitumen developed by Praj Industries. Roads built with lignin bio-bitumen, blended at up to 15%, can achieve up to 70% reduced greenhouse gas (GHG) emissions compared to conventional fossil-based bitumen, marking a significant step towards sustainable alternatives.

Infrastructure Development Drives the Growth of the India Bitumen Market

The India bitumen market is being significantly driven by extensive infrastructure development across the country. The government's strong focus on building a robust transportation network, including national highways, expressways, and rural roads, is fueling the demand for bitumen. Projects under the Bharatmala Pariyojana aim to construct tens of thousands of kilometers of highways, enhancing connectivity and logistics efficiency. This widespread construction activity directly translates into a higher consumption of bitumen, especially paving-grade bitumen, which is crucial for durable road surfaces. Furthermore, increasing urbanization necessitates the development of new urban road networks and the maintenance of existing ones. The expansion of the automotive sector and the growth of logistics and e-commerce industries also require high-quality roads for the efficient movement of goods and passengers. The ongoing efforts to develop smart cities further contribute to the demand for bitumen in various urban infrastructure projects.

For instance, as of March 2025, Bharatmala Pariyojana, approved in 2017, has seen major progress with 26,425 km of projects awarded and 19,826 km constructed as of February 2025. A significant focus is on high-speed greenfield corridors, where 6,669 km have been awarded and 4,610 km completed by February 2025. The program enhances logistics efficiency, reduces travel time, and strengthens connectivity to economic hubs, tribal areas, and aspirational districts. Execution is supported by modern technologies such as AI-MC, LiDAR, and drone-based monitoring, ensuring quality and safety standards.

Increasing Road Construction Activities Stimulating the India Bitumen Market

The growth of the India bitumen market is primarily driven by the rapid expansion of road construction activities across the country. Bitumen is an indispensable component in road construction, serving as a binding agent in asphalt mixtures that create durable and flexible road surfaces capable of withstanding heavy traffic and diverse weather conditions. The Indian government has significantly increased its capital expenditure on road infrastructure, aiming to expand the national highway network and enhance rural connectivity. Initiatives such as the Pradhan Mantri Gram Sadak Yojana (PMGSY) are extending all-weather road connectivity to previously unconnected villages, thereby increasing bitumen consumption in rural areas. The focus on strategic border road development and the construction of economic corridors further enhances demand. This continuous emphasis on improving the road network across India is a pivotal driver for the bitumen market.

For instance, in July 2025, Minister of State Harsh Malhotra highlighted that under the Modi government, the Ministry of Road Transport & Highways has achieved remarkable progress in infrastructure development, constructing over 60,000 km of national highways in the last decade. The pace of construction has accelerated from around 12 km per day in 2014 to more than 30 km per day in recent years, supported by process reforms, digital monitoring, and stronger public-private partnerships. Landmark projects such as the Delhi-Mumbai Expressway, Delhi-Meerut Expressway, Amritsar-Jamnagar, Dwarka, and Bengaluru-Mysuru corridors were emphasized as transformative, significantly reducing travel time, boosting connectivity, and contributing to the vision of Viksit Bharat.

Road Construction Segment is Anticipated to Propel the Growth of the Market

The road construction segment is poised to emerge as the key growth driver for the India bitumen market, revolutionizing the way bitumen is utilized in the country's infrastructure development. The rapid expansion of India's road network, propelled by ambitious government schemes like the Bharatmala Pariyojana and Pradhan Mantri Gram Sadak Yojana (PMGSY), directly drives the demand for bitumen. Bitumen's excellent binding, waterproofing, and durability properties make it the preferred material for constructing high-quality roads. The increasing emphasis on building new national highways, expressways, and rural roads, along with the maintenance and rehabilitation of existing ones, ensures a continuous and substantial demand for various grades of bitumen, particularly paving grade. Furthermore, the push for sustainable road construction, including the adoption of polymer-modified bitumen (PMB) for enhanced durability and performance, further solidifies the road construction segment's dominance. This sustained investment and focus on road infrastructure position the segment as the primary force shaping the future of India's bitumen market.

India's infrastructure investment has surged, with budget allocations reaching around USD 120.5 billion in FY 2023-24, driven by strong public and private sector participation. The PM Gati Shakti plan, launched in 2021, now brings together 44 Central Ministries and 36 States/UTs, integrating 1,614 data layers by October 2024 and assessing 208 large-scale projects worth around USD 185.4 billion. The national highways network has expanded to 1,46,145 km by 2024, with four-lane (or more) stretches increasing 2.6 times since 2014. Highway construction speed has nearly tripled, rising from 12.1 km/day in FY2014-15 to 33.8 km/day in FY2023-24, while rural connectivity has advanced under the Jal Jeevan Mission, which has provided tap water to 79.74% of rural households as of February 1, 2025.

Future Market Scenario (FY2026 - FY2033F)

The continued and amplified investment by the Indian government in national highways, expressways, and rural road networks will remain the primary growth driver for the bitumen market.

The increasing adoption of advanced bitumen types like Polymer Modified Bitumen (PMB) for enhanced road durability and performance will contribute significantly to market growth.

The rising demand for bitumen in other applications, like waterproofing in the booming construction sector, will also support market expansion.

Efforts to boost domestic bitumen production and reduce import dependency, alongside the integration of bio-bitumen, are expected to provide market stability and growth opportunities.

Key Players Landscape and Outlook

India bitumen market is characterized by a strong presence of major public sector oil companies and a growing number of private players. Public sector undertakings (PSUs) dominate the market due to their extensive refining capacities and distribution networks, catering to the large-scale demand from government-led infrastructure projects. Private players, while smaller in market share, are increasingly focusing on specialized bitumen products such as Polymer Modified Bitumen (PMB) to cater to niche applications and higher performance requirements. Looking ahead, the market is poised for continued growth driven by sustained government investment in infrastructure, particularly road construction.

There will be an increasing emphasis on quality and durability, leading to higher demand for modified bitumen products. Furthermore, the market may witness more integration of sustainable practices, including the use of recycled materials and bio-bitumen. Strategic collaborations between refiners and construction companies, along with technological advancements in bitumen production and application, will shape the competitive landscape. In this evolving market, companies that can efficiently scale production, innovate with advanced bitumen solutions, and effectively navigate the complex regulatory and logistical environment are likely to succeed.

For instance, in December 2024, Engineers India Limited developed a facility for Mangalore Refinery and Petrochemicals Limited (MRPL), which doubled MRPL's bitumen production capacity to 150,000 metric tons annually, enhancing domestic supply. The unit will produce VG30 and VG40 Bitumen grades.

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Impact of GST Rationalization

4. Executive Summary

5. Voice of Customer

• 5.1. Respondent Demographics
• 5.2. Factor Consider in Purchase Decision
• 5.3. Unmet Needs

6. India Bitumen Market Outlook, FY2019-FY2033F

• 6.1. Market Size Analysis & Forecast
  • 6.1.1. By Value
  • 6.1.2. By Volume
• 6.2. Market Share Analysis & Forecast
  • 6.2.1. By Type
    • 6.2.1.1. Paving Grade Bitumen
    • 6.2.1.2. Oxidized Grade Bitumen
    • 6.2.1.3. Polymer Modified Bitumen
    • 6.2.1.4. Others
  • 6.2.2. By Application Type
    • 6.2.2.1. Road Construction
    • 6.2.2.2. Waterproofing
    • 6.2.2.3. Adhesives
    • 6.2.2.4. Others
  • 6.2.3. By Region
    • 6.2.3.1. North
    • 6.2.3.2. West and Central
    • 6.2.3.3. South
    • 6.2.3.4. East
  • 6.2.4. By Company Market Share Analysis (Top 5 Companies and Others - By Value, FY2025)
• 6.3. Market Map Analysis, FY2025
  • 6.3.1. By Type
  • 6.3.2. By Application Type
  • 6.3.3. By Region

7. Demand Supply Analysis

8. Import and Export Analysis

9. Value Chain Analysis

10. Porter's Five Forces Analysis

11. PESTLE Analysis

12. Pricing Analysis

13. Market Dynamics

• 13.1. Market Drivers
• 13.2. Market Challenges

14. Market Trends and Developments

15. Competitive Landscape

• 15.1. Competition Matrix of Top 5 Market Leaders
• 15.2. SWOT Analysis for Top 5 Players
• 15.3. Key Players Landscape for Top 10 Market Players
  • 15.3.1. Indian Oil Corporation Limited
    • 15.3.1.1. Company Details
    • 15.3.1.2. Key Management Personnel
    • 15.3.1.3. Products and Services
    • 15.3.1.4. Financials (As Reported)
    • 15.3.1.5. Key Market Focus and Geographical Presence
    • 15.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
  • 15.3.2. Bharat Petroleum Corporation Limited
  • 15.3.3. Hindustan Colas limited
  • 15.3.4. Agarwal Industrial Corporation Limited
  • 15.3.5. Tiki Tar and Shell India Private Limited
  • 15.3.6. Nayara Energy Limited
  • 15.3.7. Chennai Petroleum Corporation Limited
  • 15.3.8. Mangalore Refinery and Petrochemicals Limited
  • 15.3.9. Hindustan Petroleum Corporation Limited
  • 15.3.10. Mangalore Refinery and Petrochemicals Limited

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

16. Strategic Recommendations

17. About Us and Disclaimer

List of Tables

• Table 1. Competition Matrix of Top 5 Market Leaders
• Table 2. Mergers & Acquisitions/ Joint Ventures (If Applicable)
• Table 3. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

• Figure 1. India Bitumen Market, By Value, In USD Billion, FY2019-FY2033F
• Figure 2. India Bitumen Market, By Volume, In Thousand Tons, FY2019-FY2033F
• Figure 3. India Bitumen Market Share (%), By Type, FY2019-FY2033F
• Figure 4. India Bitumen Market Share (%), By Application Type, FY2019-FY2033F
• Figure 5. India Bitumen Market Share (%), By Region, FY2019-FY2033F
• Figure 6. By Type Map-Market Size (USD Billion) & Growth Rate (%), FY2025
• Figure 7. By Application Type Map-Market Size (USD Billion) & Growth Rate (%), FY2025
• Figure 8. By Region Map-Market Size (USD Billion) & Growth Rate (%), FY2025