Market Overview:
The global plastomer modified asphalt market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The market growth can be attributed to the increasing demand for plastomer modified asphalt from the road construction & paving and roofing applications. On the basis of type, PE modified asphalt segment is expected to account for a major share of the global plastomer modified asphalt market during the forecast period. This can be attributed to its superior properties such as high resistance against rutting, cracking and thermal aging as compared with other types of modifiers. Based on application, road construction & paving segment is anticipated to hold a dominant position in the global plastomer modified asphalt market during 2018-2030. This can be ascribed to increasing investments by governments across various countries for infrastructure development projects that are aimed at improving transportation facilities.
Product Definition:
Plastomer Modified Asphalt is a type of asphalt that has been modified with a plastomer. The plastomer helps to improve the properties of the asphalt, making it stronger and more resistant to wear and tear. This makes Plastomer Modified Asphalt a good choice for use in paving roads and other surfaces.
PE Modified Asphalt:
PE Modified Asphalt is a modified asphalt that contains polyethylene and propylene in different proportions. The product has high demand as an adhesive binder for the production of Plastomer (PMA) owing to its excellent plasticizing properties, low viscosity, and low cost. PEMA is widely used in roofing applications on account of its high resistance to UV light degradation coupled with superior aesthetics properties.
Others:
Others are additives that are used to modify the properties of polymers and elastomers. They can be further divided into two broad categories, one is thermoplastic and thermosetting.
Application Insights:
Road construction & paving was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. The product has a number of advantages including cost-effectiveness, durability, flexibility and ease of installation which are likely to propel its demand in this application segment.
The roofing segment is also expected to register significant growth over the forecast period owing to properties such as water resistance, strength and durability offered by these products. These asphalt shingles are used for residential applications as they offer high resistance against extreme weather conditions such as snow, rainwater etc., along with good insulation properties. This is projected to fuel market growth during the estimated time frame.
Other applications include industrial warehouses among others which include food & beverage processing plants among others where stability, heat resistance and chemical stability are required at a high level along with excellent sound insulation characteristics for buildings constructed using these products.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 owing to rapid industrialization and urbanization. The region is expected to maintain its dominance over the forecast period. Increasing road infrastructure development, coupled with rising automobile production, will drive product demand further.
North America is projected to be one of the fastest-growing regions during the same period on account of increasing construction activities and growing preference for PE modified asphalt in roofing applications as it provides superior performance at a low cost. Moreover, stringent regulatory framework aimed at reducing greenhouse gas emissions coupled with increasing focus on energy conservation will support industry growth over the coming years.
The European plastomer modified asphalt market by application (road construction & paving, roofing).
Growth Factors:
- Increasing demand for Plastomer Modified Asphalt 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 Plastomer Modified Asphalt among contractors, builders and architects due to its ability to reduce construction costs and time.
- Growing demand for asphalt pavements from municipalities and government agencies due to their low maintenance cost and long life span.
- Technological advancements in the production of Plastomer Modified Asphalt that has resulted in higher quality products with better performance characteristics.
Scope Of The Report
Report Attributes
Report Details
Report Title
Plastomer Modified Asphalt Market Research Report
By Type
PE Modified Asphalt, Others
By Application
Road Construction & Paving, Roofing, Others
By Companies
DuPont, Total, Shell, SK, Exxon Mobil, TIPCO ASPHALT, Colas, Nynas, Gazprom Neft PJSC, Lagan Asphalt Group, DuPont
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
138
Number of Tables & Figures
97
Customization Available
Yes, the report can be customized as per your need.
Global Plastomer Modified Asphalt Market Report Segments:
The global Plastomer Modified Asphalt market is segmented on the basis of:
Types
PE Modified Asphalt, Others
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 Construction & Paving, Roofing, Others
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:
- DuPont
- Total
- Shell
- SK
- Exxon Mobil
- TIPCO ASPHALT
- Colas
- Nynas
- Gazprom Neft PJSC
- Lagan Asphalt Group
- DuPont
Highlights of The Plastomer Modified Asphalt 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:
- PE Modified Asphalt
- Others
- By Application:
- Road Construction & Paving
- Roofing
- Others
- 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 Plastomer Modified Asphalt 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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?
Plastomer Modified Asphalt (PMA) is a type of asphalt that has been modified with plasticizers. These additives make the asphalt more flexible and resistant to cracking, which makes it a popular choice for road surfaces.
Some of the key players operating in the plastomer modified asphalt market are DuPont, Total, Shell, SK, Exxon Mobil, TIPCO ASPHALT, Colas, Nynas, Gazprom Neft PJSC, Lagan Asphalt Group, DuPont.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Plastomer Modified Asphalt 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 Plastomer Modified Asphalt Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Plastomer Modified Asphalt 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 Plastomer Modified Asphalt 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 Plastomer Modified Asphalt Market Size & Forecast, 2020-2028
4.5.1 Plastomer Modified Asphalt Market Size and Y-o-Y Growth
4.5.2 Plastomer Modified Asphalt Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 PE Modified Asphalt
5.2.2 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Road Construction & Paving
6.2.2 Roofing
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Plastomer Modified Asphalt 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 Plastomer Modified Asphalt 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 PE Modified Asphalt
9.6.2 Others
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 Market Size Forecast by Applications
9.10.1 Road Construction & Paving
9.10.2 Roofing
9.10.3 Others
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 PE Modified Asphalt
10.6.2 Others
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 Market Size Forecast by Applications
10.10.1 Road Construction & Paving
10.10.2 Roofing
10.10.3 Others
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 PE Modified Asphalt
11.6.2 Others
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 Market Size Forecast by Applications
11.10.1 Road Construction & Paving
11.10.2 Roofing
11.10.3 Others
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 PE Modified Asphalt
12.6.2 Others
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 Market Size Forecast by Applications
12.10.1 Road Construction & Paving
12.10.2 Roofing
12.10.3 Others
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 PE Modified Asphalt
13.6.2 Others
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) Market Size Forecast by Applications
13.10.1 Road Construction & Paving
13.10.2 Roofing
13.10.3 Others
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 Plastomer Modified Asphalt Market: Competitive Dashboard
14.2 Global Plastomer Modified Asphalt Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 DuPont
14.3.2 Total
14.3.3 Shell
14.3.4 SK
14.3.5 Exxon Mobil
14.3.6 TIPCO ASPHALT
14.3.7 Colas
14.3.8 Nynas
14.3.9 Gazprom Neft PJSC
14.3.10 Lagan Asphalt Group
14.3.11 DuPont
