The global bituminous paints market size is expected to witness a substantial rise in the coming future, and register a significant CAGR over the forecast period (2019 - 2027).

Market Overview

Bituminous paint is a combination of bitumen and white spirit, as well as viscous compounds and stabilizer additives. Bituminous paints are coatings that contain weatherproofing agents and provide protection from corrosion, water, vapour, UV rays, toxic chemicals, and rust. In addition to being durable, flexible, and vapour-proof, bituminous paint is highly economical. Bituminous paints contain high quantities of bitumen which has major application in road construction as a binding agent in the process of creating asphalt concrete, and also as a waterproofing agent. It can be obtained in natural deposits or through distillation of crude oil, in which components such as diesel and gasoline are removed, and bitumen is left behind.

Market Dynamics

Bituminous paints are alkaline resistant which makes them ideal for applications such as waterproofing, weather protecting steel coatings, under-water structures, portable water tanks, concrete, and wood. It is used for internal as well as external applications such as steel water pipes, fire escapes, railings and fences, gutters, ladders, and gates among others. Bituminous paint is also used for coating ferrous and non-ferrous metals, as well as for marine applications. Among industries, bituminous paints have the largest demand from the steel industry as they provide excellent cathodic protection to steel pipes, and the coating process is also fairly straightforward. These factors are expected to propel demand for bituminous paints over the forecast period.

Bituminous paints do not require any additional materials such as thinners and are available in the market in ready-for-use form. Bituminous paints can be applied with sprays, brushes, rollers, or using any traditional methods of application. As a result, its user friendly and easy to use properties have increased demand for bituminous paint in commercial applications, compared to its counterparts. Moreover, key players in the global bituminous coatings market are focused on research and development activities to improve their market share and expand their product offerings. This is projected to drive the market growth in the next few years.

It is worth noting, however, that bituminous paints have been found to contain solvents that can cause skin infections such as fattening of the skin, drying and cracking of the skin, and dermatitis. Moreover, contact with the skin can cause irritation and prolonged exposure to bituminous paints can induce dizziness, drowsiness, or loss of consciousness. Bituminous paints are also harmful for the aquatic life, and long term exposure can have adverse effects on the marine environment. These factors are likely to hamper demand for bituminous paints over the course of the next few years.

Market Outlook

North America is expected to account for the largest market share owing to increasing demand for bituminous paints from the U.S. market. Asia Pacific is expected to emerge as the second largest market owing to rapid industrialization and lax environmental regulations with respect to application of bituminous paints. The flourishing construction sector in some of the large economies in Asia Pacific is estimated to propel the market growth in the region. Fairly stringent guidelines and regulations implemented by environmental agencies in Europe regarding production and sale of bituminous paints is expected to result in a comparatively slower growth of the Europe bituminous paints market.

Key Players

Some of the key players operating on a global scale in the bituminous paints market are Tianjin Haiyunda Metal Material Co., Ltd., Juno Bitumix Pvt Ltd., Hebei Tuohua Metal Products Co., Ltd. among several others.


Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
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Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

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  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
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Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
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  • Environmental indicators
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  • Technology indicators

Data Processing

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Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
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  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
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  • End-users