Niir Project Consultancy Services (NPCS) through its network of project consultants in a wide range of business and technological disciplines is engaged in providing services to its clients by way of preparation of project reports. We provide the pre-investment information and business plans required for promoters, business leaders, young entrepreneurs, women entrepreneurs, investors, NRI (Non Resident India), startups, professionals looking to start their own venture. The comprehensive project profile reports cover all the aspects of business, from analyzing the market, confirming availability of various necessities such as plant & machinery, raw materials to forecasting the financial requirements. the scope of the report includes assessing market potential, negotiating with collaborators, investment decision making, corporate diversification planning etc. in a very planned manner by formulating detailed manufacturing techniques and forecasting financial aspects by estimating the cost of raw material, formulating the cash flow statement, projecting the balance sheet, break-even point, rate of return (ROR), etc. the DPR is formulated by highly accomplished and experienced consultants and the market research and analysis are supported by a panel of experts and digitized data bank.

Set up a Production Plant of Bitumen, Polymer Modified Bitumen, Bitumen Emulsion, Cutback Bitumen Increasing demand for bitumen in building of national roads, highways, and airport pathways

Capacity 0 Plant and Machinery cost 0.00 Lakhs
Working Capital 0.00 Rate of Return (ROR) 0.00 %
Break Even Point (BEP) 0.00 % TCI 0.00 Lakhs
Cost of Project 0.00Lakhs




Bitumen, also known as asphalt in the United States, is a liquid that is formed by distilling crude oil and is used for its waterproofing and adhesive properties. Distillation of bitumen eliminates lighter crude oil components including gasoline and diesel, leaving only the "heavier" bitumen. To increase its grade, the manufacturer also refines it many times.

Bitumen can also be found in nature: naturally occurring bitumen deposits can be found at the bottom of ancient lakes, where extinct animals have decayed and been exposed to heat and pressure. Bitumen is a material with waterproofing and adhesive properties that can be found naturally or produced by distilling crude oil. It's made up of complex hydrocarbons and contains calcium, iron, sulphur, and hydrogen, among other things.


Related Project: Bitumen


Polymer Modified Bitumen (PMB) is a form of specially designed and engineered bitumen that is used to make pavement, heavy-duty roads, and home roofing solutions that can withstand severe weather. PMB is bitumen with a polymer applied to it, giving it added resilience, cohesion, and resistance to fatigue, stripping, and deformations, making it a good choice for infrastructure.


Bitumen Emulsion is a combination of fine bitumen droplets and water. However, since bitumen is a petroleum product, it does not mix with water and is sticky, it is difficult to disintegrate into fine droplets. An emulsifier is used to solve this problem. A surface-active agent is what an emulsifier is. By preventing the bitumen from mixing with other droplets, the emulsifier holds it in its fine droplet state. Since the droplets are so tiny, they float in water. “As a result, bitumen emulsion is a dispersed substance made up of three components: water, bitumen, and emulsion.”


Cutback Bitumen: Bitumen that has been dissolved in a solvent is known as cutback bitumen (liquid bitumen). Naphtha, gasoline, kerosene, white spirit, and other solvents are popular. The form of solvent determines the curing time, while the volume determines the Cutback Bitumen's viscosity. Depending on the solvent used, cutbacks are classified as either Rapid-Curing (RC) or Medium-Curing (MC). They're also given a number that shows the cutback's minimum kinematic viscosity (fluidity).


Related books: - Petroleum, Greases, Lubricants, Petro Chemicals, Wax, Polishes and Petro Products Formulation and Technology



The building industry uses the most processed bitumen. It is primarily used in the paving and roofing industries. Bitumen is used as a binder in asphalt for highways, runways, parking lots, and foot paths, accounting for 85 percent of all bitumen generated. Gravel and crushed rock are combined with dense bitumen to keep it together before being added to roads. Because of its waterproofing properties, bitumen is used in the roofing industry for 10% of all bitumen used worldwide. In different construction materials such as carpet tile backing and paint, 5% of bitumen is used for sealing and insulating purposes. Bitumen has a variety of secondary applications in addition to these primary ones. Soundproofing, explosives, mildew safety, a briquette binder, a mirror backing, shoe soles, fence post coating, and soil stabilization are some other examples.


Related videos: - Petroleum and Petroleum Products


Production Processes

The base materials for bitumen processing are residues from the distillation of carefully selected crude oils. The lighter fractions of bitumen are separated from the residues during refining. Depending on the crude source and processing facilities available, many manufacturing methods are used to manufacture specification bitumen. Frequently, a mixture of processes is chosen. The diagram depicts a list of the major refinery processes in use.



Straight reduction from crude or a crude blend using atmospheric and vacuum distillation is the most common refining method. Atmospheric distillation is used in the diagram to distinguish the lighter petrochemical and fuel fractions from the non-boiling portion at the bottom, referred to as an atmospheric residue. Other refinery units receive the lighter fractions, such as gas oil and fuel oils. Bitumen is made from the atmospheric residue. The ambient residue is inserted into a vacuum distillation device to eliminate the last traces of the lighter fractions to prevent heat transformation of the molecules. Here, the pressure reduction reduces boiling temperatures and unwanted thermal cracking of the molecules can be avoided.


Solvent De-Asphalting

Separating the lubricant and bitumen components of crude with specific solvents without damaging their chemical structure is also possible. Different types of bitumen may be generated depending on the solvent used – propane or butane. These processes, combined with finely regulated variations in the vacuum distillation process, allow the production of bitumen with varying penetration levels. The softening point and this property are the two most important distinguishing characteristics of bitumen made to engineering requirements. Sensitivity to temperature and ageing, as well as cohesion and elasticity, are all important physical properties that are tested using precise tests.


Related projects:- Bitumen, Base Oil, Crude Oil, Fuel Oils, Lubricating Oils, Gear Oils, Kerosene Projects



Bitumen can be further extracted by blowing hot air through it at high temperatures (around 280°C) to change its physical properties for industrial use. Air rectified and oxidised bitumen are the two forms of oxidised bitumen, depending on the degree of oxidation. At room temperature, oxidised bitumen has a distinct stiffness and a rubbery nature that affects how it reacts to stress. The oxidation process changes the bitumen's stiffness and softening point, as well as other important physical properties. The degree of the reaction can be varied by varying the duration of the oxidation or air blowing phase, which results in distinct end products. Air rectified bitumen is used in paving and some roofing applications, while oxidised bitumen is used in roofing.



The final bitumen product can be made to technical specifications either directly in the refining process or by combining different physical properties of bitumens. The appropriate proportions of higher and lower viscosity residues which be blended at the refinery, at terminals, or at a third-party facility where blend components and finished products can be easily transported and distributed.


Market Outlook

Major grades such as paving, oxidized, cutback, emulsion, PMB, and others make up the commodity category. From 2019 to 2026, PMB is expected to develop at a rate of over 4.5 percent. Because of their superior quality and longevity, PMB are commonly used in road construction as well as building and construction. To change the properties of bitumen, different materials are added, such as thermoplastic elastomers like styrene polymers and rubber, thermoplastic polymers like ethylene copolymers, polyethylene, and polypropylene, and thermosetting polymer resins.



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The addition of these polymers in trace amounts, either mechanically or chemically, increases the elasticity and tensile strength of the material, extending its fatigue life. Despite the fact that PMB is a newcomer to the bitumen industry, it will take a long time for it to gain traction. Because of increasing construction and road maintenance all over the world, particularly in Asia Pacific, the paving segment contributed significantly to the overall market and will maintain its share. Because of the type of manufacturing technique and the properties that result, various bitumen types find a broader application in the building and industrial sectors. 



Market Research: - Market Research Report



Penetration graded bitumen products are what paving is known as. It's made from carefully chosen crude oils and refining processes that are meticulously controlled. Asphalt cements and liquid asphalts are the two main types of paving bitumen available on the market. Cement paving grades are semi-solid asphalts that can also be heated into a fluid state. After that, the fluid type is sprayed or combined with other substances. Annual global vehicle sales reached 96.8 million units in 2017 and are projected to rise to 125.5 million units by the end of the forecast period, necessitating the construction of more and better roads. As a result, the market for paving products for roadway applications will be high and will continue to grow in the future.



Profile- Project Reports & Profiles



Few Indian Major Players:

·         Pure Bitumen


·         Fondement Bitumenous Industries Pvt Ltd

·         Apilux Paint Factory in Howrah, Kolkata, West Bengal

·         S N CHEMICALS

·         New Zeal Constructions

·         Kudrat Enterprise


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#feasibilityReport #NPCS #industrialproject #entrepreneurindia #startupbusiness #BusinessIdeas #StartupBusinessIdeas #BusinessOpportunity  #BitumenMarket #PetroleumProducts #PetroleumBitumen #PetroleumProduction #PetroleumIndustry #ManufacturingIndustry #ManufacturingProducts



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NIIR PROJECT CONSULTANCY SERVICES (NPCS) is a reliable name in the industrial world for offering integrated technical consultancy services. NPCS is manned by engineers, planners, specialists, financial experts, economic analysts and design specialists with extensive experience in the related industries.

Our various services are: Detailed Project Report,  Business Plan for Manufacturing Plant, Start-up Ideas, Business Ideas for Entrepreneurs, Start up Business Opportunities, entrepreneurship projects, Successful Business Plan, Industry Trends, Market Research, Manufacturing Process, Machinery, Raw Materials, project report, Cost and Revenue, Pre-feasibility study for Profitable Manufacturing Business, Project Identification, Project Feasibility and Market Study, Identification of Profitable Industrial Project Opportunities, Business Opportunities, Investment Opportunities for Most Profitable Business in India, Manufacturing Business Ideas, Preparation of Project Profile, Pre-Investment and Pre-Feasibility Study, Market Research Study, Preparation of Techno-Economic Feasibility Report, Identification and Section of Plant, Process, Equipment, General Guidance, Startup Help, Technical and Commercial Counseling for setting up new industrial project and Most Profitable Small Scale Business.

NPCS also publishes varies process technology, technical, reference, self employment and startup books, directory, business and industry database, bankable detailed project report, market research report on various industries, small scale industry and profit making business. Besides being used by manufacturers, industrialists and entrepreneurs, our publications are also used by professionals including project engineers, information services bureau, consultants and project consultancy firms as one of the input in their research.

Our Detailed Project report aims at providing all the critical data required by any entrepreneur vying to venture into Project. While expanding a current business or while venturing into new business, entrepreneurs are often faced with the dilemma of zeroing in on a suitable product/line.


And before diversifying/venturing into any product, wish to study the following aspects of the identified product:

• Good Present/Future Demand
• Export-Import Market Potential
• Raw Material & Manpower Availability
• Project Costs and Payback Period

We at NPCS, through our reliable expertise in the project consultancy and market research field, Provides exhaustive information about the project, which satisfies all the above mentioned requirements and has high growth potential in the markets. And through our report we aim to help you make sound and informed business decision.


The report contains all the data which will help an entrepreneur find answers to questions like:

• Why I should invest in this project?
• What will drive the growth of the product?
• What are the costs involved?
• What will be the market potential?

The report first focuses on enhancing the basic knowledge of the entrepreneur about the main product, by elucidating details like product definition, its uses and applications, industry segmentation as well as an overall overview of the industry sector in India. The report then helps an entrepreneur identify the target customer group of its product. It further helps in making sound investment decision by listing and then elaborating on factors that will contribute to the growth of product consumption in India and also talks about the foreign trade of the product along with the list of top importing and top exporting countries. Report includes graphical representation and forecasts of key data discussed in the above mentioned segment. It further explicates the growth potential of the product.

The report includes other market data like key players in the Industry segment along with their contact information and recent developments. It includes crucial information like raw material requirements, list of machinery and manufacturing process for the plant. Core project financials like plant capacity, costs involved in setting up of project, working capital requirements, projected revenue and profit are further listed in the report.

Reasons for buying the report:

• This report helps you to identify a profitable project for investing or diversifying into by throwing light to crucial areas like industry size, demand of the product and reasons for investing in the product.

• This report provides vital information on the product like its definition, characteristics and segmentation.

• This report helps you market and place the product correctly by identifying the target customer group of the product.

• This report helps you understand the viability of the project by disclosing details like raw materials required, manufacturing process, project costs and snapshot of other project financials.

• The report provides forecasts of key parameters which helps to anticipate the industry performance and make sound business decision.


Our Approach:

• Our research reports broadly cover Indian markets, present analysis, outlook and forecast.

• The market forecasts are developed on the basis of secondary research and are cross-validated through interactions with the industry players. 

• We use reliable sources of information and databases.  And information from such sources is processed by us and included in the report.


Our Market Survey cum Detailed Techno Economic Feasibility Report Contains following information:



Ø  Introduction

·         Project Introduction

·         Project Objective and Strategy

·         Concise History of the Product

·         Properties

·         BIS (Bureau of Indian Standards) Provision & Specification

·         Uses & Applications


Ø  Market Study and Assessment

·         Current Indian Market Scenario

·         Present Market Demand and Supply

·         Estimated Future Market Demand and Forecast

·         Statistics of Import & Export

·         Names & Addresses of Existing Units (Present Players)

·         Market Opportunity


Ø  Raw Material

·         List of Raw Materials

·         Properties of Raw Materials

·         Prescribed Quality of Raw Materials

·         List of Suppliers and Manufacturers


Ø  Personnel (Manpower) Requirements

·         Requirement of Staff & Labor (Skilled and Unskilled) Managerial, Technical, Office Staff and Marketing Personnel


Ø  Plant and Machinery

·         List of Plant & Machinery

·         Miscellaneous Items

·         Appliances & Equipments

·         Laboratory Equipments & Accessories

·         Electrification

·         Electric Load & Water

·         Maintenance Cost

·         Sources of Plant & Machinery (Suppliers and Manufacturers)


Ø  Manufacturing Process and Formulations

·         Detailed Process of Manufacture with Formulation

·         Packaging Required

·         Process Flow Sheet Diagram


Ø  Infrastructure and Utilities

·         Project Location

·         Requirement of Land Area

·         Rates of the Land

·         Built Up Area

·         Construction Schedule

·         Plant Layout and Requirement of Utilities


Project at a Glance

Along with financial details as under:


  •     Assumptions for Profitability workings

  •    Plant Economics

  •    Production Schedule

  •    Land & Building

            Factory Land & Building

            Site Development Expenses

  •    Plant & Machinery

             Indigenous Machineries

            Other Machineries (Miscellaneous, Laboratory etc.)

  •    Other Fixed Assets

            Furniture & Fixtures

            Pre-operative and Preliminary Expenses

            Technical Knowhow

            Provision of Contingencies

  •   Working Capital Requirement Per Month

             Raw Material

            Packing Material

            Lab & ETP Chemical Cost

           Consumable Store

  •   Overheads Required Per Month And Per Annum

         Utilities & Overheads (Power, Water and Fuel Expenses etc.)

             Royalty and Other Charges

            Selling and Distribution Expenses

  •    Salary and Wages

  •    Turnover Per Annum

  •   Share Capital

            Equity Capital

            Preference Share Capital


  •    Annexure 1:: Cost of Project and Means of Finance

  •    Annexure 2::  Profitability and Net Cash Accruals


                Expenses/Cost of Products/Services/Items

                Gross Profit

                Financial Charges     

                Total Cost of Sales

                Net Profit After Taxes

                Net Cash Accruals

  •   Annexure 3 :: Assessment of Working Capital requirements

                Current Assets

                Gross Working. Capital

                Current Liabilities

                Net Working Capital

                Working Note for Calculation of Work-in-process

  •    Annexure 4 :: Sources and Disposition of Funds

  •    Annexure 5 :: Projected Balance Sheets

                ROI (Average of Fixed Assets)

                RONW (Average of Share Capital)

                ROI (Average of Total Assets)

  •    Annexure 6 :: Profitability ratios


                Earnings Per Share (EPS)


             Debt Equity Ratio

        Annexure 7   :: Break-Even Analysis

                Variable Cost & Expenses

                Semi-Var./Semi-Fixed Exp.

                Profit Volume Ratio (PVR)

                Fixed Expenses / Cost 


  •   Annexure 8 to 11:: Sensitivity Analysis-Price/Volume

            Resultant N.P.B.T

            Resultant D.S.C.R

   Resultant PV Ratio

   Resultant DER

  Resultant ROI

          Resultant BEP

  •    Annexure 12 :: Shareholding Pattern and Stake Status

        Equity Capital

        Preference Share Capital

  •   Annexure 13 :: Quantitative Details-Output/Sales/Stocks

        Determined Capacity P.A of Products/Services

        Achievable Efficiency/Yield % of Products/Services/Items 

        Net Usable Load/Capacity of Products/Services/Items   

       Expected Sales/ Revenue/ Income of Products/ Services/ Items   

  •    Annexure 14 :: Product wise domestic Sales Realisation

  •    Annexure 15 :: Total Raw Material Cost

  •    Annexure 16 :: Raw Material Cost per unit

  •    Annexure 17 :: Total Lab & ETP Chemical Cost

  •    Annexure 18  :: Consumables, Store etc.,

  •    Annexure 19  :: Packing Material Cost

  •    Annexure 20  :: Packing Material Cost Per Unit

  •    Annexure 21 :: Employees Expenses

  •    Annexure 22 :: Fuel Expenses

  •    Annexure 23 :: Power/Electricity Expenses

  •    Annexure 24 :: Royalty & Other Charges

  •    Annexure 25 :: Repairs & Maintenance Exp.

  •    Annexure 26 :: Other Mfg. Expenses

  •    Annexure 27 :: Administration Expenses

  •    Annexure 28 :: Selling Expenses

  •    Annexure 29 :: Depreciation Charges – as per Books (Total)

  •   Annexure 30   :: Depreciation Charges – as per Books (P & M)

  •   Annexure 31   :: Depreciation Charges - As per IT Act WDV (Total)

  •   Annexure 32   :: Depreciation Charges - As per IT Act WDV (P & M)

  •   Annexure 33   :: Interest and Repayment - Term Loans

  •   Annexure 34   :: Tax on Profits

  •   Annexure 35   ::Projected Pay-Back Period And IRR