Global Bitumen Market Developments – May 2025
As of May 2025, the global bitumen market is witnessing significant shifts due to global trade policies, refinery disruptions, and emerging technologies. Here’s a round-up of key developments from trusted international sources:
📉 Price Drop Across Asia, Demand Soars in Vietnam
Following U.S. trade tariff changes in April 2025, Brent crude oil prices dropped by over 24%, dragging bitumen prices in Asia down by 13%. Meanwhile, Vietnam increased its consumption by 30% due to large-scale infrastructure projects.
Source: Twin Cities Business Radio
🇨🇳 Chinese Refiners Halt Operations
Independent refiners in Shandong, China (“teapots”) suspended activity due to tax adjustments and loss of import quota access, affecting bitumen output significantly.
📈 Market Forecast: Growth Through 2033
The global bitumen market is projected to grow from $61.9B in 2023 to $83.2B by 2033, fueled by rising demand in infrastructure development, especially in emerging economies.
🧪 UK Launches Self-Healing Bitumen
UK researchers introduced self-healing bitumen containing oil-filled capsules that seal micro-cracks automatically. This innovation may extend road life by 30% and reduce maintenance costs drastically.
🚚 Related Bitumen Products from Petro Talla Khalij Fars
📞 Contact Us
For export inquiries, bulk orders or technical consultations:
👉 WhatsApp: +971 54 303 3231
👉 Instagram: @petro.gold_bitumen.refinery
Stay informed with Petro Talla Khalij Fars – your trusted refinery for premium bitumen exports from Iran to the world.