The global modified bitumen market is expected to grow at a CAGR of 4.5% from 2021 to 2030. The growth of the market can be attributed to the increasing demand for modified bitumen in building construction and road construction applications. The demand for modified bitumen in building construction is expected to increase due to its low cost, high durability, and resistance against fire and water damage. In addition, the demand for modified bitumen in road construction is also expected to increase due to its low cost, high durability, and resistance against fire and water damage. In terms of type, SBS segment accounted for the largest share of the global market in 2018 owing to its higher performance than other types such as APP or Crumb Rubber Modified Bitumen (CRMB). In terms of application, road construction segment accounted for the largest share of the global market owing to its higher usage than other applications such as building construction or others (e.g., marine). In terms of region North America accounted for the largest share followed by Europe among all regions in 2018 owing mainly due increased investments by various companies into this region over recent years.
Some Of The Growth Factors Of This Market:
- The demand for modified bitumen is expected to grow in the near future due to its low cost and high performance.
- Modified bitumen is a type of asphalt that has been mixed with other substances, such as coal tar or petroleum, to make it more durable and flexible.
- Modified bitumen can be used in a variety of applications, including roofing shingles, road construction, and waterproofing for buildings and bridges.
- The use of modified bitumen is expected to increase as the world's population grows because it can be used in many different types of construction projects that are needed for urbanization and industrialization efforts around the world.
- The use of modified bitumen will also increase as countries continue to develop their infrastructure because it is cheaper than other types of asphalt products on the market today.
Industry Growth Insights published a new data on “Modified Bitumen Market”. The research report is titled “Modified Bitumen Market research by Types (SBS, APP, Crumb Rubber, Natural Rubber), By Applications (Road Construction, Building Construction), By Players/Companies Sika, Nynas, Total, Royal Dutch Shell, Colas, Hindustan Colas Private, Soprema, The Dow Chemical, Gaf Materials, Gazprom Neft Pjsc, Saint-Gobain Weber, Orlen Asfalt, Exxonmobil, Firestone Building Products, Fosroc International, Lagan Asphalt, Bitumina”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Modified Bitumen Market Research Report
By Type
SBS, APP, Crumb Rubber, Natural Rubber
By Application
Road Construction, Building Construction
By Companies
Sika, Nynas, Total, Royal Dutch Shell, Colas, Hindustan Colas Private, Soprema, The Dow Chemical, Gaf Materials, Gazprom Neft Pjsc, Saint-Gobain Weber, Orlen Asfalt, Exxonmobil, Firestone Building Products, Fosroc International, Lagan Asphalt, Bitumina
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Modified Bitumen Market Report Segments:
The global Modified Bitumen market is segmented on the basis of:
Types
SBS, APP, Crumb Rubber, Natural Rubber
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, Building Construction
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:
- Sika
- Nynas
- Total
- Royal Dutch Shell
- Colas
- Hindustan Colas Private
- Soprema
- The Dow Chemical
- Gaf Materials
- Gazprom Neft Pjsc
- Saint-Gobain Weber
- Orlen Asfalt
- Exxonmobil
- Firestone Building Products
- Fosroc International
- Lagan Asphalt
- Bitumina
Highlights of The 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:
- SBS
- APP
- Crumb Rubber
- Natural Rubber
- By Application:
- Road Construction
- Building Construction
- 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 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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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?
Modified bitumen is a type of oil that has been treated with chemicals and heat to make it more resistant to weathering and corrosion.
Some of the major companies in the modified bitumen market are Sika, Nynas, Total, Royal Dutch Shell, Colas, Hindustan Colas Private, Soprema, The Dow Chemical, Gaf Materials, Gazprom Neft Pjsc, Saint-Gobain Weber, Orlen Asfalt, Exxonmobil, Firestone Building Products, Fosroc International, Lagan Asphalt, Bitumina.
The modified bitumen market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Modified Bitumen Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Modified Bitumen Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Modified Bitumen Market - Supply Chain
4.5. Global Modified Bitumen Market Forecast
4.5.1. Modified Bitumen Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Modified Bitumen Market Size (000 Units) and Y-o-Y Growth
4.5.3. Modified Bitumen Market Absolute $ Opportunity
5. Global Modified Bitumen Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Modified Bitumen Market Size and Volume Forecast by Type
5.3.1. SBS
5.3.2. APP
5.3.3. Crumb Rubber
5.3.4. Natural Rubber
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Modified Bitumen Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Modified Bitumen Market Size and Volume Forecast by Application
6.3.1. Road Construction
6.3.2. Building Construction
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Modified Bitumen Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Modified Bitumen Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Modified Bitumen Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Modified Bitumen Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Modified Bitumen Demand Share Forecast, 2019-2026
9. North America Modified Bitumen Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Modified Bitumen Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Modified Bitumen Market Size and Volume Forecast by Application
9.4.1. Road Construction
9.4.2. Building Construction
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Modified Bitumen Market Size and Volume Forecast by Type
9.7.1. SBS
9.7.2. APP
9.7.3. Crumb Rubber
9.7.4. Natural Rubber
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Modified Bitumen Demand Share Forecast, 2019-2026
10. Latin America Modified Bitumen Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Modified Bitumen Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Modified Bitumen Market Size and Volume Forecast by Application
10.4.1. Road Construction
10.4.2. Building Construction
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Modified Bitumen Market Size and Volume Forecast by Type
10.7.1. SBS
10.7.2. APP
10.7.3. Crumb Rubber
10.7.4. Natural Rubber
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Modified Bitumen Demand Share Forecast, 2019-2026
11. Europe Modified Bitumen Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Modified Bitumen Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Modified Bitumen Market Size and Volume Forecast by Application
11.4.1. Road Construction
11.4.2. Building Construction
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Modified Bitumen Market Size and Volume Forecast by Type
11.7.1. SBS
11.7.2. APP
11.7.3. Crumb Rubber
11.7.4. Natural Rubber
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Modified Bitumen Demand Share, 2019-2026
12. Asia Pacific Modified Bitumen Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Modified Bitumen Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Modified Bitumen Market Size and Volume Forecast by Application
12.4.1. Road Construction
12.4.2. Building Construction
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Modified Bitumen Market Size and Volume Forecast by Type
12.7.1. SBS
12.7.2. APP
12.7.3. Crumb Rubber
12.7.4. Natural Rubber
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Modified Bitumen Demand Share, 2019-2026
13. Middle East & Africa Modified Bitumen Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Modified Bitumen Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Modified Bitumen Market Size and Volume Forecast by Application
13.4.1. Road Construction
13.4.2. Building Construction
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Modified Bitumen Market Size and Volume Forecast by Type
13.7.1. SBS
13.7.2. APP
13.7.3. Crumb Rubber
13.7.4. Natural Rubber
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Modified Bitumen Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Modified Bitumen Market: Market Share Analysis
14.2. Modified Bitumen Distributors and Customers
14.3. Modified Bitumen Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Sika
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Nynas
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Total
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Royal Dutch Shell
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Colas
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Hindustan Colas Private
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Soprema
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. The Dow Chemical
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Gaf Materials
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Gazprom Neft Pjsc
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Saint-Gobain Weber
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Orlen Asfalt
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Exxonmobil
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Firestone Building Products
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Fosroc International
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Lagan Asphalt
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Bitumina
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook