Global Modified Bitumen Market, By Modifier Type (Styrene-Butadiene-Styrene, Atactic Polypropylene, Crumb Rubber, Natural Rubber, Others), Application Method (Hot Asphalt, Cold Asphalt, Torch Applied, Others), End-Use Industry (Road Construction, Building Construction, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Modified Bitumen Market Analysis and Insights
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.
Increasing demand for modified bitumen form waste & water management and industrial sectors is the vital factor escalating the market growth, also rising rapid industrialization in emerging economics, increasing road construction, repair, and maintenance activities, rising demand for the modified bitumen products in emerging economics, increasing demand from numerous application industries including road construction, roofing, adhesives, and coatings and increasing infrastructural activities all over the globe are the major factors among others driving the modified bitumen market. Moreover, rising research and development activities in the market, rising technological advancements and modernization in the production techniques and rising research and development activities in the market will further create new opportunities for the modified bitumen market in the forecast period of 2021- 2028.
However, limited oil resources capable of producing high-quality bitumen is the major factor among others acting as restraints, and will further challenge the growth of modified bitumen market in the forecast period mentioned above.
This modified bitumen market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on modified bitumen market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
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.
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.
Asia-Pacific dominates the modified bitumen market due to rising demand for modified bitumen from the road and building construction sectors, rising demand from waste and water management and various industrial sectors, also rising rapid industrialization, increasing road construction, repair, and maintenance activities and rising research and development activities in this region.
The country section of the modified bitumen market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Modified Bitumen Market Share Analysis
Modified bitumen market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to modified bitumen market.
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.
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