Durable and Cost-Effective Petroleum Bitumen for Your Pavement Needs

An extremely viscous material generated from crude oil called petroleum bitumen is frequently used in the building and upkeep of roadways, airports, and other pavement infrastructure. It is the perfect material for usage in difficult situations because it has good adhesive qualities and is resistant to water and many chemicals.

Petroleum bitumen, which has a wide range of uses and advantages, is a crucial component in the construction and upkeep of infrastructure all over the world.

Petroleum Bitumen Trade Ranking 

According to the Product Complexity Index (PCI), petroleum bitumen is ranked 3524th.

Facilities Required to Enter Petroleum Bitumen

• Production Infrastructure:

Set up facilities for the production and refining of petroleum bitumen, including refineries and processing plants.

• Storage and Transportation:

Establish storage tanks and terminals to store and distribute petroleum bitumen. Adequate transportation infrastructure, such as pipelines, railcars, or tank trucks, is necessary to transport the product to customers.

• Quality Control and Testing:

Implement quality control measures to ensure the consistency and compliance of petroleum bitumen with industry standards and specifications. This may involve establishing a laboratory for testing and analysis.

• Regulatory Compliance:

Understand and comply with the regulations and requirements governing the production, storage, transportation, and sale of petroleum bitumen. This includes obtaining necessary permits and licenses.

• Market Research and Networking:

Conduct market research to identify potential customers and understand market demand. Build relationships with suppliers, contractors, distributors, and other industry stakeholders to establish a network for procurement and sales.

• Financial Resources:

Secure sufficient financial resources for investments in infrastructure, equipment, and working capital. This may involve securing funding from investors, banks, or other financial institutions.

• Safety and Environmental Considerations:

Ensure compliance with safety regulations and environmental standards to protect workers, the public, and the environment. Implement appropriate safety measures and develop contingency plans for emergencies.

• Market Expertise:

Acquire knowledge and understanding of the petroleum bitumen market, including pricing dynamics, supply and demand factors, and competitive landscape. Stay informed about industry trends and developments to make informed business decisions.

Petroleum Bitumen Trade Tariffs 

Using the HS6 product categorization, the average tariff for petroleum bitumen in 2018 was 5.04%, ranking it as the 4186th lowest tariff.

Petroleum Bitumen Product List

• Bitumen Emulsions
• Polymer-Modified
• Bitumen (PMB)
• Cutback Bitumen
• Oxidized Bitumen
• Bitumen Roofing Sheets
• Bituminous Coatings
• Bitumen-based
• Adhesives and Sealants
• Bitumen Paint