Skip to main content

Polymer Modified Bitumen Market Overview, Analysis and Forecasts to 2022

Increase in load bearing capacity and higher resistance to cracking & rutting leads to lower maintenance cost owing to the use of PMB, has resulted in driving growth. Addition of polymers to bitumen decreases the rolling resistance & road/tire noise thereby, improving fuel efficiency.

The Global Polymer Modified Bitumen Market is expected to reach USD 13.34 billion by 2022, according to a new report by Grand View Research, Inc.


Expansion of road networks globally to improve connectivity is expected to augment demand. Polymer modified asphalt was widely used for road construction accounting for over 70% of the global volume share in 2014.

The global demand for polymer modified bitumen was 9,888.1 kilo tons in 2014 and is expected to witness growth over the forecast period on account of rising number of infrastructure projects. Upgrading existing highways, widening existing roads and constructing new highways, particularly in Asia Pacific and MEA is expected to fuel growth.

Thermoplastic elastomer modified bitumen market was estimated at USD 5.13 billion in 2014. Thermoplastic elastomers when added to bitumen exhibits superior stiffness, elastic response, resistance to heat, and reduced temperature sensitivity. These properties of the product make it compatible for use in varied climatic condition.

To Know More About Polymer Modified Bitumen Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/polymer-modified-bitumen-market

Road construction application accounted for over 73.5% of the global market in 2014. Rising demand for PMB in road construction owing to its superior properties as well lower maintenance cost is expected to propel demand over the forecast period. Furthermore, rising infrastructure expansion particularly in MEA and Asia Pacific is likely to augment growth over the next seven years.

Top Players of Polymer Modified Bitumen Market:

Key industry players include Total Oil India Pvt. Ltd., Benzene International Pte Ltd, Lagan Asphalt Group, Nynas AB, Royal Dutch Shell PLC, Exxon Mobil, Gazprom NEFT and Sika AG.

Market Segmentation of Polymer Modified Bitumen Market:

The Global Polymer Modified Bitumen Market segmented on the basis of Product, End-Use and Region.

By Product:

    Thermoplastic Elastomers
    Plastomers

By End-Use:

    Road Construction
    Roofing

By Region:

    North America
    Europe
    Asia Pacific
    Latin America
    MEA

Inquire about Polymer Modified Bitumen Market with Our Experts @ https://www.grandviewresearch.com/inquiry/2734
Labels:

Comments

Post a Comment

Popular posts from this blog

North America Calcium Carbonate Market Outlook, Research, Trends and Forecast to 2025

Rising demand in various end-use industries such as paper, building, and construction, plastic, etc. is expected to support the demand for calcium carbonate in upcoming years. Further, growth of manufacturing and construction sectors in Asia Pacific and the Middle East is supposed to boost the product demand. The North America Calcium Carbonate Market is expected to reach USD 9.19 billion by 2025, according to a new report by Grand View Research, Inc.   The industrial filler is expected to emerge as the largest as well as fastest growing application segment. The demand is likely to increase further owing to diversified application base of calcium carbonate as fillers in various end-use industries. Another application segment is likely to emerge as the second largest application segment. Papers coated with calcium carbonate may create problems during production, as adhesives do not stay on these papers. Excessive calcium carbonate consumption through food supplements is har...
Post a Comment
Read more

Point of Entry Water Treatment Systems Market Competitive Landscape by 2025

Growing public awareness towards healthy lifestyle along with increasing water pollution is projected to drive the market over the forecast period. The Global Point of Entry Water Treatment Systems Market is estimated to be valued at USD 9.95 billion by 2025, according to a new report by Grand View Research, Inc. Exponential growth in the global population has exerted considerable pressure on the existing water resources available for human consumption, in turn augmenting the dependence on groundwater owing to its easy availability. However, improper disposal of wastewater generated in agricultural and industrial areas has led to largescale contamination of groundwater in urban areas, enhancing the global point of entry water treatment systems market by 2025. Favorable government regulations to ensure the supply of healthy drinking water is predicted to boost market growth over the forecast period. The growing investments towards development of efficient point of entry water t...
Post a Comment
Read more

U.S. Liquid Waste Management Market Segments and Key Trend till 2025

Growing organic & non-hazardous liquid waste generation through residential and commercial sources is expected to drive demand over the forecast period. The U.S. Liquid Waste Management Market is expected to reach USD 22.5 Billion by 2025, according to a new report by Grand View Research, Inc. Industrial & residential liquid waste is often associated with water-borne diseases since improper disposal of the waste leads to water pollution, environmental degradation, and soil contamination. As a result, the demand for hygienic liquid waste management services is expected to grow significantly over the forecast period. A major trend arising from the need to improve liquid waste management is the outsourcing of the services to global & competitive players in order to improve the focus on sustainability and meet stringent guidelines. In addition, the government undertakes public-private partnership projects to enhance the efficiency of the waste management process, whi...
Post a Comment
Read more