Global Polymer Modified Bitumen Market Growth 2023-2029

Global Polymer Modified Bitumen Market Growth 2023-2029

Polymer Modified Bitumen has high elasticity and thermal stability. An asphalt concrete surface based on PMB is highly resistant to the formation of ruts, withstands high traffic loads, and is crack-resistant at low temperatures. There are three main components in PMB production. Firstly, conventional asphalt is used as a base. Secondly, there is a plasticizer which gives the bitumen plasticity and improves dilution of the polymer. And the third component is the polymer itself. The process used to produce PMB involves mixing these three components using a specific production process.
LPI (LP Information)' newest research report, the “Polymer Modified Bitumen Industry Forecast” looks at past sales and reviews total world Polymer Modified Bitumen sales in 2022, providing a comprehensive analysis by region and market sector of projected Polymer Modified Bitumen sales for 2023 through 2029. With Polymer Modified Bitumen sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Polymer Modified Bitumen industry.
This Insight Report provides a comprehensive analysis of the global Polymer Modified Bitumen landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Polymer Modified Bitumen portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Polymer Modified Bitumen market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Polymer Modified Bitumen and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Polymer Modified Bitumen.
The global Polymer Modified Bitumen market size is projected to grow from US$ 9638.7 million in 2022 to US$ 12200 million in 2029; it is expected to grow at a CAGR of 12200 from 2023 to 2029.
China is the largest Polymer Modified Bitumen market with about 19% market share. Europe is follower, accounting for about 17% market share.The key manufacturers are Total, Shell, SK, Exxon Mobil, TIPCO ASPHALT, Colas, Nynas, Gazprom Neft PJSC, Lagan Asphalt Group, Baolirus, Nichireki, Guochuang Hi-Tech, Xi'an Guolin Industry etc. Shell is the world leader with about 8% market share.
This report presents a comprehensive overview, market shares, and growth opportunities of Polymer Modified Bitumen market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
SBS Modified Bitumen
Plastomer Modified Bitumen
Crumb Rubber Modified Bitumen
Others
Segmentation by application
Road Construction and Paving
Roofing
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Total
Shell
SK
Exxon Mobil
TIPCO ASPHALT
Colas
Nynas
Gazprom Neft PJSC
Lagan Asphalt Group
Baolirus
Nichireki
Guochuang Hi-Tech
Xi'an Guolin Industry
Key Questions Addressed in this Report
What is the 10-year outlook for the global Polymer Modified Bitumen market?
What factors are driving Polymer Modified Bitumen market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Polymer Modified Bitumen market opportunities vary by end market size?
How does Polymer Modified Bitumen break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.