Product Code: ETC043328 | Publication Date: Jul 2023 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Indonesia Bitumen market currently, in 2023, has witnessed an HHI of 3634, Which has decreased moderately as compared to the HHI of 4211 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Indonesia is the top producer of bitumen in South East Asia and also one of the largest importers of bitumen in the world. The country has been showing great potential forin its bitumen market due to industrial activities increasing road construction projects and infrastructure development. Indonesia Bitumen Marketwas d at USD 2.5 billion in 2019 and it is expected to grow further at a CAGR of 5.2% from 2020 to 2026 due to rising investments in road construction projects across Indonesia.
The key factors drivingfor Indonesia`s Bitumen Market include increasing industrial activities such as oil gas exploration and refining operations that require high-quality asphalt products alongside rapid urbanization coupled with an expanding transport network which has significantly upsurged demand for new roads leading towards increased investment into road construction projects across Indonesia. Additionally government policies supporting sustainable energy initiatives have positively impacted the marketsinceare increasingly relying on renewable resources such as biofuels blended with asphalt binders rather than petroleum-based products on account of lower environmental pollution levels apart from being cost effective solutions. Moreover advancements in technological innovations allowing greater efficiency during production processes along with wide acceptance among manufacturers owing to multiple benefits associated with these advanced versions are projected to propel market expansion over theperiod (2020-2026).
Although this sector shows immense potential for future prospects there exist certain challenges faced by manufacturers operating within this domain such as fluctuations in crude oil prices which can affect costs associated with raw materials thus impacting product prices adversely while impacting profit margins negatively thereby limiting profits earned by producers; environmental restrictions placed upon usage of some traditional solvents like benzene or xylene used during refining process could lead towards higher production costs; safety issues concerning use or storage of bituminous materials along lack of awareness amongst end users about importance/usage mode linked with these substances may limit their sales prospects over long term although certain organizations are taking steps towards promoting proper usage techniques concerning same through seminars training workshops etc.; stringent regulations imposed regarding emissions standards set either by local governments or international organizations might hinder easy access adoption rates amongst consumers hence impacting overall profitability attained via sale volume decline witnessed therein resulting out off same; presence off strong competition coming from foreign sources undermining domestic producers capabilities may act as another barrier hampering desired progress rates observed within sector boundaries if not addressed.
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 Indonesia Bitumen Market Overview |
3.1 Indonesia Country Macro Economic Indicators |
3.2 Indonesia Bitumen Market Revenues & Volume, 2020 & 2030F |
3.3 Indonesia Bitumen Market - Industry Life Cycle |
3.4 Indonesia Bitumen Market - Porter's Five Forces |
3.5 Indonesia Bitumen Market Revenues & Volume Share, By Product Type, 2020 & 2030F |
3.6 Indonesia Bitumen Market Revenues & Volume Share, By Application, 2020 & 2030F |
4 Indonesia Bitumen Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Indonesia Bitumen Market Trends |
6 Indonesia Bitumen Market, By Types |
6.1 Indonesia Bitumen Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Indonesia Bitumen Market Revenues & Volume, By Product Type, 2020-2030F |
6.1.3 Indonesia Bitumen Market Revenues & Volume, By Paving Grade, 2020-2030F |
6.1.4 Indonesia Bitumen Market Revenues & Volume, By Hard Grade, 2020-2030F |
6.1.5 Indonesia Bitumen Market Revenues & Volume, By Oxidized Grade, 2020-2030F |
6.1.6 Indonesia Bitumen Market Revenues & Volume, By Bitumen Emulsions, 2020-2030F |
6.1.7 Indonesia Bitumen Market Revenues & Volume, By Polymer Modified Bitumen, 2020-2030F |
6.1.8 Indonesia Bitumen Market Revenues & Volume, By Other, 2020-2030F |
6.2 Indonesia Bitumen Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Indonesia Bitumen Market Revenues & Volume, By Road Construction, 2020-2030F |
6.2.3 Indonesia Bitumen Market Revenues & Volume, By Waterproofing, 2020-2030F |
6.2.4 Indonesia Bitumen Market Revenues & Volume, By Adhesives, 2020-2030F |
6.2.5 Indonesia Bitumen Market Revenues & Volume, By Other, 2020-2030F |
7 Indonesia Bitumen Market Import-Export Trade Statistics |
7.1 Indonesia Bitumen Market Export to Major Countries |
7.2 Indonesia Bitumen Market Imports from Major Countries |
8 Indonesia Bitumen Market Key Performance Indicators |
9 Indonesia Bitumen Market - Opportunity Assessment |
9.1 Indonesia Bitumen Market Opportunity Assessment, By Product Type, 2020 & 2030F |
9.2 Indonesia Bitumen Market Opportunity Assessment, By Application, 2020 & 2030F |
10 Indonesia Bitumen Market - Competitive Landscape |
10.1 Indonesia Bitumen Market Revenue Share, By Companies, 2023 |
10.2 Indonesia Bitumen Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |