Modified bitumen market will grow at a rate of 5.60% for the forecast period of 2021 to 2028. Rising adoption for modified bitumen across various end-use industries including road and building construction is a vital factor driving the growth of modified bitumen market.
Bitumen is a type of black viscous mixture which is obtained for the fractional distillation of crude and is a crucial component of the asphalt, that is used to build roads, streets and other part of infrastructure. Modified bitumen is defined as a chemically design which is to offer optimum properties and one of the key properties in modified bitumen is its increased resistance to permanent deformation specially in case of mixtures of asphalt used to create roads in the harsh or high traffic flow location.
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The major players covered in the modified bitumen market report are BITUMINA HI-TECH PAVEMENT BINDERS LLC, Colas Group, Dow, Exxon Mobil Corporation., Firestone Building Products, Fosroc, Inc, GAF, Gazprom Neft PJSC, Global Road Technology International Holdings (HK) Limited, Hincol, Breedon Group plc, Nynas AB, Orlen Asfalt Sp. z o.o, ROSNEFT, Royal Dutch Shell, Saint-Gobain Weber., Sika AG, SOPREMA S.A.S, Texsa Systems slu, Total SE and W. R. Grace & Co.-Conn. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Modified Bitumen Market Scope and Market Size:
Modified bitumen market is segmented on the basis of modifier type, application method and end-user industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on modifier type, the modified bitumen market is segmented into styrene-butadiene-styrene, atactic polypropylene, crumb rubber, natural rubber and others. Others have been further segmented into polypropylene, polyvinyl chloride, epoxy resin, polyurethane resin, styrene butadiene rubber, ethylene vinyl acetate, gilsonite, and fiber
- On the basis of application method, the modified bitumen market is segmented into hot asphalt, cold asphalt, torch applied and others. Others have been further segmented into mechanically fastened and self-adhering
- The modified bitumen market is also segmented on the basis of end-user industry into road construction, building construction and others. Building construction has been further segmented into roofing and walls, building, and structures. Others have been further segmented into waste & water management and industrial areas.
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Modified Bitumen Market Country Level Analysis:
Modified bitumen market is analysed and market size, volume information is provided by country, modifier type, application method and end-user industry as referenced above.
The countries covered in the modified bitumen market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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