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How Big Is the Polymer Modified Bitumen Market Today and How Fast It Is Growing? | Forecast Report Analysis on its Product and Application

Author : Ronak Bora | Published Date : 2019-08-07 

Polymer Modified Bitumen market has been bifurcated into product and application. The product segment is categorized into three types among which thermoplastic elastomers held the major share of the total polymer modified bitumen market for its superior features such as resistance from UV & heat and low cost as compared to other products. It has wide usage in pavements construction owing to its extreme cohesion and adhesion properties.

Emulsion application segment is fragmented into paving and waterproofing. Increasing high quality material demand for housing and other infrastructure construction activities will propel the emulsions application segment growth. Rise in waterproofing solution demand to prevent leakages and wetness of ceilings and walls will also have a positive impact on the global polymer modified bitumen market growth till 2024.

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Polymer modified bitumen market is growing exponentially subject to the shifting focus of the infrastructural developers toward the adoption of PMB material to enhance the performance properties of road and pavement constructions. Superior binding capability and excellent cohesive characteristic of the material make it applicable for residential and commercial construction applications, which, in turn, will stimulate polymer modified bitumen industry size. Increasing per capita income and rising spending capability is also certain to propel the product demand over the years ahead. As per the report by Global Market Insights, Inc., “Worldwide Polymer Modified Bitumen (PMB) Market having had a revenue of USD 9.5 billion in 2016, is slated to witness an annual growth rate of above 4% over the coming seven years.”

Fluctuation in the prices of raw materials owing to the continuous changes in crude oil and petroleum prices may hamper the polymer modified bitumen market demand in forecast timeframe. Bitumen is derived from crude oil and depleting oil resources across the globe due to excessive exploration activities is likely to be the key restraining factor for polymer modified bitumen market growth in future.

On the regional basis, Asia Pacific held most of the share in polymer modified bitumen market due to increase in regional construction and infrastructure development activities. Emerging economies such as India and China have a huge population coupled with increasing purchasing power and GDP. Growing housing need in these areas since last decade has resulted in new construction projects, which are carried out by private players and respective local governments. This in turn, will enhance the polymer modified bitumen industry development in the forecast timeframe.

The major companies in the polymer modified bitumen market include Royal Dutch Shell, roadstar, Tiki Tar., Offshore Petrochem, Ooms Avenhorn Holding, AMT Techno, Maruti Group, MBD Industries, Lagan Asphalt Group, L N Petro Chem, IKA group, MARINI, Bitumat Company, Gulf Petrochem, South Machinery, Allied Bitumen Complex, The Richmond Group, Ratnamani Industries and others.

Glimpse of Table of Content (ToC)

Chapter 3.  Polymer Modified Bitumen (PMB) Industry Insights

3.1.  Polymer Modified Bitumen Market segmentation

3.2.  Polymer Modified Bitumen Market size and forecast, 2013 - 2024

3.3.  Polymer Modified Bitumen Market ecosystem analysis

3.3.1.     Vendor matrix

3.3.2.     Distributor channel analysis

3.4.  Polymer Modified Bitumen Market impact forces

3.4.1.     Growth drivers

3.4.1.1.   Superior quality of PMB over normal bitumen

3.4.1.2.   Rapidly developing infrastructure in the developing economies

3.4.1.3.   Developing construction industry

3.4.2.     Polymer Modified Bitumen Market pitfalls & challenges

3.4.2.1.   Fluctuation in raw material prices

3.5.  Growth potential analysis

3.6.  Technology trends

3.7.  Regulatory trends

3.7.1.     U.S.

3.7.2.     Europe

3.7.3.     China

3.8.  Porter’s analysis

3.9.  Company market share analysis, 2016

3.9.1.     Strategic landscape

3.10.    PESTEL analysis

3.11.  Regional price trends

3.11.1.   Cost structure analysis

3.11.2.   Raw material trends

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/polymer-modified-bitumen-PMB-market

 

Polymer Modified Bitumen (PMB) market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2013 to 2024, for the following segments:

Polymer Modified Bitumen (PMB) Market by Product

Thermoplastic elastomers

Styrene butadiene styrene (SBS)

Styrene butadiene rubber (SBR)

Styrene isoprene styrene (SIS)

Styrene ethylene butadiene styrene (SEBS)

Ethylene propylene diene terpolymer (EPDT)

Isobutene isoprene copolymer (IIR)

Natural rubber

Others

Thermoplastic polymers

Ethylene vinyl acetate (EVA)

Ethylene methyl acrylate (EMA)

Ethylene butyl acrylate (EBA)

Ethylene butyl acrylate (APP)

Polyethylene (PE)

Polypropylene (PP)

Others

Thermosetting polymers

Epoxy resin

Polyurethane resin

Acrylic resin

Phenolic resin

Polymer Modified Bitumen (PMB) Market by Application

Road construction

Roofing and piping

Emulsions

Paving

Waterproofing

Others

 

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

Contact Us:

Arun Hegde

Corporate Sales, USA

Global Market Insights, Inc.

Phone: 1-302-846-7766

Toll Free: 1-888-689-0688

Email: [email protected]

 

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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