Market Overview:
The global crumb rubber modified bitumen (CRMB) market is estimated to be valued at USD 1.5 billion in 2018 and is projected to grow at a CAGR of 5.4%, from 2018 to 2030. The growth of the CRMB market can be attributed to the increasing demand for sustainable construction materials and the growing use of CRMB in roofing applications. The wet method segment is expected to dominate the global CRMB market, by type, during the forecast period. This can be attributed to its ability to provide better adhesion between bitumen and aggregates as compared with the dry method. The road application segment is expected to dominate the global CRMB market, by application, during the forecast period.
Product Definition:
Crumb Rubber Modified Bitumen is a type of asphalt that contains recycled tire rubber. The rubber increases the durability and flexibility of the asphalt, which makes it better able to withstand weathering and wear. Crumb Rubber Modified Bitumen is often used for road paving, roofing, and other construction applications.
Wet Method:
The wet method is used to mix polymer with bitumen. It's major use is in the production of crumb rubber modified asphalt (CRMSA) which has a high demand from the construction industry. The growth factor for this market is increasing due to growing infrastructure and rising demand for roadways maintenance & repair across the globe.
Construction activities are continuously increasing in developing countries like India, China, Indonesia, Malaysia.
Dry Method:
The dry method is used to extract crumb rubber and modified bitumen from the asphalt. It is a cost-effective process as compared to its counterparts, which makes it popular among contractors and road builders. The method involves heating of the mixture at a very high temperature for several hours, which helps in breaking down the molecular structure of oil and allowing easy penetration of air into the mixture.
Application Insights:
The demand for GMB modified bitumen in road application accounted for over 65% of the global market share in 2017. The segment is expected to witness significant growth on account of increasing construction activities and focus on infrastructure development by various governments across the world.
Road applications include highways, arterial roads, municipal roads and rural roads. These applications require a high amount of maintenance as compared to other types of structures such as roofs or pavements which do not get affected by water or weather conditions much like concrete does. This factor is anticipated to boost the use of crumb rubber modified bitumen in road application over the forecast period.
Roofing was one among many other applications that accounted for a smaller market share but is projected to grow at an estimated CAGR from 2018 to 2030 owingto its properties including resistance towards mold & mildew, UV light.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to increasing road infrastructure and rapid industrialization in emerging economies of China, India, Indonesia, Malaysia and Thailand. In addition, rising population coupled with increased travelogue has resulted in an increase in demand for automobiles which will drive bitumen market growth over the next eight years.
The Asia Pacific was followed by Europe wherein demand was majorly driven by Germany on account of high consumption of roofing applications as a result of extensive renovation activities taking place across European countries.
Growth Factors:
- Increasing demand for Crumb Rubber Modified Bitumen in the construction industry as a result of its superior properties such as high durability, flexibility and resistance to weathering.
- Rising awareness about the benefits of using Crumb Rubber Modified Bitumen among end-users, which is likely to boost demand for the product over the forecast period.
- Growing infrastructure development activities across emerging economies, which is expected to create lucrative opportunities for Crumb Rubber Modified Bitumen market players in these regions over the next few years.
- Proliferation of new applications for Crumb Rubber Modified Bitumen in various end-use industries such as automotive and transportation, which is anticipated to fuel market growth during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Crumb Rubber Modified Bitumen Market Research Report
By Type
Wet Method, Dry Method
By Application
Road, Roofing
By Companies
Hincol, Total, Repsol, Abhyudayam Energy, Raetex Doha, Baoli Group, Hincol
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
143
Number of Tables & Figures
101
Customization Available
Yes, the report can be customized as per your need.
Global Crumb Rubber Modified Bitumen Market Report Segments:
The global Crumb Rubber Modified Bitumen market is segmented on the basis of:
Types
Wet Method, Dry Method
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Road, Roofing
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Hincol
- Total
- Repsol
- Abhyudayam Energy
- Raetex Doha
- Baoli Group
- Hincol
Highlights of The Crumb Rubber Modified Bitumen Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Wet Method
- Dry Method
- By Application:
- Road
- Roofing
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Crumb Rubber Modified Bitumen Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Crumb rubber modified bitumen is a type of asphalt pavement that has been treated with crumb rubber. This additive helps to improve the performance of the asphalt pavement by making it more resistant to wear and tear.
Some of the key players operating in the crumb rubber modified bitumen market are Hincol, Total, Repsol, Abhyudayam Energy, Raetex Doha, Baoli Group, Hincol.
The crumb rubber modified bitumen market is expected to register a CAGR of 5.4%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Crumb Rubber Modified Bitumen Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Crumb Rubber Modified Bitumen Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Crumb Rubber Modified Bitumen Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Crumb Rubber Modified Bitumen Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Crumb Rubber Modified Bitumen Market Size & Forecast, 2018-2028
4.5.1 Crumb Rubber Modified Bitumen Market Size and Y-o-Y Growth
4.5.2 Crumb Rubber Modified Bitumen Market Absolute $ Opportunity
Chapter 5 Global Crumb Rubber Modified Bitumen Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Crumb Rubber Modified Bitumen Market Size Forecast by Type
5.2.1 Wet Method
5.2.2 Dry Method
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Crumb Rubber Modified Bitumen Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Crumb Rubber Modified Bitumen Market Size Forecast by Applications
6.2.1 Road
6.2.2 Roofing
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Crumb Rubber Modified Bitumen Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Crumb Rubber Modified Bitumen Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Crumb Rubber Modified Bitumen Analysis and Forecast
9.1 Introduction
9.2 North America Crumb Rubber Modified Bitumen Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Crumb Rubber Modified Bitumen Market Size Forecast by Type
9.6.1 Wet Method
9.6.2 Dry Method
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Crumb Rubber Modified Bitumen Market Size Forecast by Applications
9.10.1 Road
9.10.2 Roofing
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Crumb Rubber Modified Bitumen Analysis and Forecast
10.1 Introduction
10.2 Europe Crumb Rubber Modified Bitumen Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Crumb Rubber Modified Bitumen Market Size Forecast by Type
10.6.1 Wet Method
10.6.2 Dry Method
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Crumb Rubber Modified Bitumen Market Size Forecast by Applications
10.10.1 Road
10.10.2 Roofing
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Crumb Rubber Modified Bitumen Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Crumb Rubber Modified Bitumen Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Crumb Rubber Modified Bitumen Market Size Forecast by Type
11.6.1 Wet Method
11.6.2 Dry Method
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Crumb Rubber Modified Bitumen Market Size Forecast by Applications
11.10.1 Road
11.10.2 Roofing
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Crumb Rubber Modified Bitumen Analysis and Forecast
12.1 Introduction
12.2 Latin America Crumb Rubber Modified Bitumen Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Crumb Rubber Modified Bitumen Market Size Forecast by Type
12.6.1 Wet Method
12.6.2 Dry Method
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Crumb Rubber Modified Bitumen Market Size Forecast by Applications
12.10.1 Road
12.10.2 Roofing
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Crumb Rubber Modified Bitumen Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Crumb Rubber Modified Bitumen Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Crumb Rubber Modified Bitumen Market Size Forecast by Type
13.6.1 Wet Method
13.6.2 Dry Method
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Crumb Rubber Modified Bitumen Market Size Forecast by Applications
13.10.1 Road
13.10.2 Roofing
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Crumb Rubber Modified Bitumen Market: Competitive Dashboard
14.2 Global Crumb Rubber Modified Bitumen Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hincol
14.3.2 Total
14.3.3 Repsol
14.3.4 Abhyudayam Energy
14.3.5 Raetex Doha
14.3.6 Baoli Group
14.3.7 Hincol
