The global polymer modified bitumen market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 3.2 billion by 2030. The growth of this market is driven by the increasing demand for polymer modified bitumen in various applications such as road construction and paving, roofing, and others. Polymer modified bitumen has many advantages over conventional asphalt such as improved durability, reduced permeability, and better resistance to cracking. These properties make it suitable for use in various applications such as road construction and paving, roofing, and others.
The global polymer modified bitumen market is segmented on the basis of type into SBS Modified Bitumen (SBS-MB), Plastomer Modified Bitumen (PMB), Crumb Rubber Modified Bitumen (CRMB). The SBS-MB segment accounted for the largest share of the global polymer modified bitumen market in 2017 owing to its high demand from North America region followed by Europe region due to its excellent performance against water penetration which makes it suitable for use in regions with heavy rainfall or snowfall conditions like Canada or Russia respectively.
Some Of The Growth Factors Of This Market:
- Polymer modified bitumen is a type of asphalt that has been mixed with polymers to make it more flexible and durable.
- Polymer modified bitumen is used in the construction industry for roofing, waterproofing, and other applications where durability is important.
- The use of polymer modified bitumen in construction has increased due to its ability to withstand extreme weather conditions such as high temperatures and heavy rainfalls without cracking or peeling off the surface it was applied on.
Industry Growth Insights published a new data on “Polymer Modified Bitumen Market”. The research report is titled “Polymer Modified Bitumen Market research by Types (SBS Modified Bitumen, Plastomer Modified Bitumen, Crumb Rubber Modified Bitumen, Others), By Applications (Road Construction & Paving, Roofing, Others), By Players/Companies Total, Shell, SK, Exxon Mobil, TIPCO ASPHALT, Colas, Nynas, Gazprom Neft PJSC, Lagan Asphalt Group, Baolirus, Guochuang Hi-tech, Xi'an Guolin Industry, Nichireki”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Polymer Modified Bitumen Market Research Report
By Type
SBS Modified Bitumen, Plastomer Modified Bitumen, Crumb Rubber Modified Bitumen, Others
By Application
Road Construction & Paving, Roofing, Others
By Companies
Total, Shell, SK, Exxon Mobil, TIPCO ASPHALT, Colas, Nynas, Gazprom Neft PJSC, Lagan Asphalt Group, Baolirus, Guochuang Hi-tech, Xi'an Guolin Industry, Nichireki
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
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Polymer Modified Bitumen Market Report Segments:
The global Polymer Modified Bitumen market is segmented on the basis of:
Types
SBS Modified Bitumen, Plastomer Modified Bitumen, Crumb Rubber Modified Bitumen, 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:
- Total
- Shell
- SK
- Exxon Mobil
- TIPCO ASPHALT
- Colas
- Nynas
- Gazprom Neft PJSC
- Lagan Asphalt Group
- Baolirus
- Guochuang Hi-tech
- Xi'an Guolin Industry
- Nichireki
Highlights of The Polymer 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 Modified Bitumen
- Plastomer Modified Bitumen
- Crumb Rubber Modified Bitumen
- 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 Polymer 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
- Market Entry Strategies
- Business Expansion Strategies
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- 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?
Polymer modified bitumen is a type of asphalt that has been treated with a polymer. The polymer helps to improve the performance of the asphalt, making it more resistant to wear and tear.
Some of the major companies in the polymer modified bitumen market are Total, Shell, SK, Exxon Mobil, TIPCO ASPHALT, Colas, Nynas, Gazprom Neft PJSC, Lagan Asphalt Group, Baolirus, Guochuang Hi-tech, Xi'an Guolin Industry, Nichireki.
The polymer 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. Polymer 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. Polymer 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. Polymer Modified Bitumen Market - Supply Chain
4.5. Global Polymer Modified Bitumen Market Forecast
4.5.1. Polymer Modified Bitumen Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Polymer Modified Bitumen Market Size (000 Units) and Y-o-Y Growth
4.5.3. Polymer Modified Bitumen Market Absolute $ Opportunity
5. Global Polymer 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. Polymer Modified Bitumen Market Size and Volume Forecast by Type
5.3.1. SBS Modified Bitumen
5.3.2. Plastomer Modified Bitumen
5.3.3. Crumb Rubber Modified Bitumen
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Polymer 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. Polymer Modified Bitumen Market Size and Volume Forecast by Application
6.3.1. Road Construction & Paving
6.3.2. Roofing
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Polymer 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. Polymer 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 Polymer 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. Polymer 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 Polymer Modified Bitumen Demand Share Forecast, 2019-2026
9. North America Polymer 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 Polymer 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 Polymer Modified Bitumen Market Size and Volume Forecast by Application
9.4.1. Road Construction & Paving
9.4.2. Roofing
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Polymer Modified Bitumen Market Size and Volume Forecast by Type
9.7.1. SBS Modified Bitumen
9.7.2. Plastomer Modified Bitumen
9.7.3. Crumb Rubber Modified Bitumen
9.7.4. Others
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 Polymer Modified Bitumen Demand Share Forecast, 2019-2026
10. Latin America Polymer 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 Polymer 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 Polymer Modified Bitumen Market Size and Volume Forecast by Application
10.4.1. Road Construction & Paving
10.4.2. Roofing
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Polymer Modified Bitumen Market Size and Volume Forecast by Type
10.7.1. SBS Modified Bitumen
10.7.2. Plastomer Modified Bitumen
10.7.3. Crumb Rubber Modified Bitumen
10.7.4. Others
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 Polymer Modified Bitumen Demand Share Forecast, 2019-2026
11. Europe Polymer 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 Polymer 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 Polymer Modified Bitumen Market Size and Volume Forecast by Application
11.4.1. Road Construction & Paving
11.4.2. Roofing
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Polymer Modified Bitumen Market Size and Volume Forecast by Type
11.7.1. SBS Modified Bitumen
11.7.2. Plastomer Modified Bitumen
11.7.3. Crumb Rubber Modified Bitumen
11.7.4. Others
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 Polymer Modified Bitumen Demand Share, 2019-2026
12. Asia Pacific Polymer 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 Polymer 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 Polymer Modified Bitumen Market Size and Volume Forecast by Application
12.4.1. Road Construction & Paving
12.4.2. Roofing
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Polymer Modified Bitumen Market Size and Volume Forecast by Type
12.7.1. SBS Modified Bitumen
12.7.2. Plastomer Modified Bitumen
12.7.3. Crumb Rubber Modified Bitumen
12.7.4. Others
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 Polymer Modified Bitumen Demand Share, 2019-2026
13. Middle East & Africa Polymer 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 Polymer 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 Polymer Modified Bitumen Market Size and Volume Forecast by Application
13.4.1. Road Construction & Paving
13.4.2. Roofing
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Polymer Modified Bitumen Market Size and Volume Forecast by Type
13.7.1. SBS Modified Bitumen
13.7.2. Plastomer Modified Bitumen
13.7.3. Crumb Rubber Modified Bitumen
13.7.4. Others
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 Polymer Modified Bitumen Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Polymer Modified Bitumen Market: Market Share Analysis
14.2. Polymer Modified Bitumen Distributors and Customers
14.3. Polymer Modified Bitumen Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Total
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Shell
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. SK
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Exxon Mobil
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. TIPCO ASPHALT
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Colas
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Nynas
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Gazprom Neft PJSC
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Lagan Asphalt Group
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Baolirus
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Guochuang Hi-tech
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Xi'an Guolin Industry
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Nichireki
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
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
