According to the WPB, the global bitumen market shows a dual performance at the beginning of October: short-term pressures have cast a shadow over demand, yet long-term structural factors remain intact. Seasonal trends in Asia, North American policies, and infrastructure shifts in Europe and emerging markets are shaping the overall market conditions.
Asian markets remain sluggish, with road construction projects halted due to seasonal rains. In the Middle East, excess inventories have limited price growth, highlighting weakness in regional markets. In Europe, demand for specialized products, such as oxidized bitumen, remains stable, benefiting from urban development programs and investments in advanced road technologies.
In North America, political and regulatory issues continue to pose challenges. Legal barriers and environmental restrictions have complicated the development of new export lines, and private investment will be difficult without policy changes.
Despite these challenges, long-term industry forecasts remain optimistic: global bitumen demand is expected to grow steadily, and the bitumen emulsion market—a key factor in producing green asphalt—is projected to nearly double in value. This reflects the growing trend of sustainable technologies in road construction and maintenance.
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