| Product Code: ETC5521479 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Belgium`s bitumen import market saw a high concentration of imports in 2023, which intensified further in 2024, indicating a challenging competitive landscape. The top exporting countries to Belgium in 2024 were the Netherlands, Metropolitan France, Germany, Greece, and Turkey. Despite a strong compound annual growth rate (CAGR) of 11.1% from 2020 to 2024, the growth rate declined by -4.15% from 2023 to 2024. This decrease in growth rate may reflect evolving market dynamics or external factors impacting the bitumen import industry in Belgium.

The Bitumen market in Belgium is projected to grow at a growing growth rate of 6.55% by 2027, highlighting the country's increasing focus on advanced technologies within the Europe region, where Germany holds the dominant position, followed closely by United Kingdom, France, Italy and Russia, shaping overall regional demand.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Belgium Bitumen Market Overview |
3.1 Belgium Country Macro Economic Indicators |
3.2 Belgium Bitumen Market Revenues & Volume, 2021 & 2031F |
3.3 Belgium Bitumen Market - Industry Life Cycle |
3.4 Belgium Bitumen Market - Porter's Five Forces |
3.5 Belgium Bitumen Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Belgium Bitumen Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Belgium Bitumen Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in infrastructure development projects requiring bitumen |
4.2.2 Increasing road construction activities in Belgium |
4.2.3 Rising demand for waterproofing applications in the construction industry |
4.3 Market Restraints |
4.3.1 Fluctuating crude oil prices impacting bitumen production costs |
4.3.2 Stringent regulations on emissions and environmental concerns |
4.3.3 Competition from alternative materials in road construction |
5 Belgium Bitumen Market Trends |
6 Belgium Bitumen Market Segmentations |
6.1 Belgium Bitumen Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Belgium Bitumen Market Revenues & Volume, By Paving Grade, 2021-2031F |
6.1.3 Belgium Bitumen Market Revenues & Volume, By Hard Grade, 2021-2031F |
6.1.4 Belgium Bitumen Market Revenues & Volume, By Oxidized Grade, 2021-2031F |
6.1.5 Belgium Bitumen Market Revenues & Volume, By Bitumen Emulsions, 2021-2031F |
6.1.6 Belgium Bitumen Market Revenues & Volume, By Polymer Modified Bitumen, 2021-2031F |
6.1.7 Belgium Bitumen Market Revenues & Volume, By Other, 2021-2031F |
6.2 Belgium Bitumen Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Belgium Bitumen Market Revenues & Volume, By Road Construction, 2021-2031F |
6.2.3 Belgium Bitumen Market Revenues & Volume, By Waterproofing, 2021-2031F |
6.2.4 Belgium Bitumen Market Revenues & Volume, By Adhesives, 2021-2031F |
6.2.5 Belgium Bitumen Market Revenues & Volume, By Other, 2021-2031F |
7 Belgium Bitumen Market Import-Export Trade Statistics |
7.1 Belgium Bitumen Market Export to Major Countries |
7.2 Belgium Bitumen Market Imports from Major Countries |
8 Belgium Bitumen Market Key Performance Indicators |
8.1 Average selling price of bitumen in Belgium |
8.2 Number of infrastructure projects using bitumen as a primary material |
8.3 Adoption rate of new bitumen technologies in the construction sector |
9 Belgium Bitumen Market - Opportunity Assessment |
9.1 Belgium Bitumen Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Belgium Bitumen Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Belgium Bitumen Market - Competitive Landscape |
10.1 Belgium Bitumen Market Revenue Share, By Companies, 2024 |
10.2 Belgium Bitumen Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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