Oil Broker Move Into Bitumen Business

The global bitumen market is forecast to grow between 2015 to 2020, and the world’s largest energy traders such as the Vitol and the Trafigura Group are in a race to increase their market share.

The bitumen market was valued at around $75 billion in 2014 and is expected to reach $94 billion in 2020, according to a report by Zion Research, titled, “Bitumen (Paving Bitumen, Oxidized Bitumen, Cutback Bitumen, Bitumen Emulsion, Polymer Modified Bitumen and Others) Market for Roadways, Waterproofing, Adhesives, Insulation and Other Applications - Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 – 2020”.

Bitumen is a semi-solid form of petroleum, which is used to make asphalt for roads, waterproofing for roofs, insulation, and adhesives. It is either obtained by distillation of petroleum or is available naturally, such as in Canada’s oil sands.


Bitumen is used mainly in road manufacturing. A surge in road construction activity in Asia will propel growth for the product going forward. 75 percent of the global consumption of bitumen was used for road construction in 2014.

Waterproofing of roofing and building construction was the second major consumer of bitumen in 2014. Increased construction of homes to cater for the growing population is likely to add to the bitumen demand in the future.Related: Energy Is The Reason Europe Is Still Backing Erdogan

Along with roofing, polymer modified bitumen (PMB), which is used as a chemical additive and adhesive, will witness rapid growth compared to other forms of bitumen.

The chart below shows the U.S. bitumen market for various segments.

Source: Grand View Research

Trucks, trains, and barges have been used traditionally to transport bitumen from refineries to local consumers; however, a drop in supply from the aging refineries in the U.S. and Europe has necessitated the use of oceangoing tankers, to supply the material from its source of production to the end consumer.



Iran Find New Bitumen Market in Asia

Iran seeking new markets in Central Asia to export bitumen, the head of the bitumen commission of Iranian Oil, Gas, & Petrochemical Products Exporters Association  MR Hassan Tajik said.

"Iran has been lost totally the Chinese and Vietnamese markets due to frauds and low-quality bitumen export during last years, while South African traders are cautious to enter in deal with Iran," Tajik was quoted as saying by ILNA on Friday.

He added that Iran should regain its credit and reputation in global bitumen markets. "Now our focus is Central Asian countries," he added.

Iran produced 4.5 million tons of bitumen, of which 2.6 million tons was exported during the last Iranian year, ended on March 21, 2015.

Tajik said that the country's bitumen export declined in current fiscal year.

He also added that a barrel of Iranian bitumen was $500 per a metric tons, but currently the price stands at around $200.

However, according to statistics, released by Iran's Trade Promotion Organization of Iran, the country's bitumen export value reached $1.17 billion in first 10 months of current fiscal year. A ton of bitumen was sold at $409, about 19 percent less than the previous year, the report said.

Bitumen around glob


Grand View Research released a report during second quarter 2016 indicating the Asia Pacific region was the dominant market for bitumen during 2015, accounting for more than 33 percent of the global volume of asphalt use—that use being for all sectors of construction from roadways to adhesives. The report indicated the “efficient transportation system” and “[r]ising demand for paving applications” as well as “[g]rowing construction systems having waterproofed flat roofs” would lend to a steady increase in the area’s demand for bitumen from 2016 through 2024.


The International Erosion Control Association Region One (IECA) has established a new chapter in Canada. It will be Canada’s essential educational and networking resource for storm water management, erosion and sediment control, and stream protection and restoration.


Did you know? Bitumen is typically transported in two types of “packaging” in India—drummed or tank. Producers can get bitumen in polybags, but that’s not preferred because the bags actually melt in the hot climate. Source: Petrosil Media’s India Bitumen Annual Report

Ampex apply 8th bitumen exhibition in iran


Regarding high volume of Road construction operation in country and costly expenses of Bitumen, Asphalt, Insulation, all stages of operation and related machineries in subjects of Planning, Execution and Maintenance and finally persistence of finalizing the road construction operation and other construction clusters which has more importance, should be paid more appreciate and if have not treated properly will be damaged quickly and therefore not only will waste the early investment but will increase direct expenses in one hand and in other hand the indirect expenses of damages to its users.

In order to increase the level of quality and quantity and more accurate operation of asphalt and enhancing its lifetime, new procedures in parallel with other related industries could be applied which its one of the focused programs by managers and its undertakers.

The 8th Int'l Exhibition of Bitumen,Asphalt, Insulationg and related machineries (BAIEX 2017)

with registration No 92/320/54654 issued by Trade Promotion Organization of Iran  in Tehran International Permanent Fairgroud   supply some of its requirements in country.

It’s hoped this exhibition and so on movements could make an effective progress through reaching the international standards and sharing new technologies for quality improvement and sustaining new scientific and practical eras in all aspects.

Attendance of managers and affiliated responsible will give a right basis in continuation of such fairs and related conferences and in this respect we are alongside a new and general revolution pioneering this industry.

Reaching determined goals of fourth and fifth programs of 20 years improvement policy is important. We believe can have more proliferation with more endeavor.



1-      Making a continuous cooperation of Bitumen Industries, Asphalt and Insulation affiliates with consulting companies, contractors and active entrepreneurs in road construction operating sectors to make qualitative and quantitative improvements.

2-      Interact with hundreds of related industries decision makers attending the BAIEX 2017

3-      Meet thousands of trade visitors from throughout the region at BAIEX 2017

4-      Give technical presentations to selected audiences.

5-      Introducing the last scientific and technical improvements in Bitumen industries and related machineries.

6-      Making managers, affiliates and operators more familiar with Bitumen, Asphalt, Insulation and related  industries, and develop new as well as existing relationships.

7-      Introducing activists in this sector to international importers and improving export.

8-      Introducing domestic capabilities in Bitumen,Asphalt,Insulation and related machineries internationally and improving export finally.

9-      Creating competition environment and sustaining quality of products and Keep abreast of your competitors.

10-   Benefit from listings and publicity in the official BAIEX 2017 catalogue and website which will act as directories for products and services.

11-   Optimizing energy consumption in Bitumen,Asphalt,Insulation and related industries .


Exhibition profile

1-      Producers, Importers and Exporters

  • Bitumen, Asphalt and Insulation factories and their machineries
  • Transporting & Packaging machineries of Bitumen, Asphalt  and Insulation

2-      All refinery units and emulsifiers of Bitumen including Polymerized, colored, fortified, special and ….Bitumen

3-      All Bitumen Exporters

4-      All importer and producer of Bitumen,Asphalt,Insulation Laboratories.

5-      All importer producer and exporter of raw materials, additives and fortifiers.

6-      Producers, importers and exporters of Bitumen protective, coaters, repairing, fillers and ….

7-      All producers, services of nanotechnologies in related industries

8-      Producers, importers and exporters of insulating industries and its household, rural, industrial, commercial appliances.

9-      Affiliated assemblies, organizations, consultants, contractors in this field.

10-   Producers, importers, exporters of affiliated industries.

11-   Software and hardware service providers in this sector.


Road Construction Exhibitors

1-      All consultants, contractors companies of road construction

2-      All producer, importer and exporter companies of Road machineries.





Payment Type

FOB Bandar Abbas


180Kg new steel drums *Net Weight*


Bitumen prices last Updated: 12.06.2018




100% LC at Sight


100% TT Advance

       350 USD/MT

50% TT Advance

353 USD/MT

30%  TT Advance

355 USD/MT

20% TT Advance

357 USD/MT

10% TT Advance

359 USD/MT

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