PUNE, India, January 24, 2017 /PRNewswire/ --
The report "Modified Bitumen Market by Modifier Type (SBS, APP, Crumb Rubber, Natural Rubber), Application Method (Hot Asphalt, Cold Asphalt, Torch-Applied), End-Use Industry (Road Construction, Building Construction), and Region - Global Forecast to 2021", published by MarketsandMarkets, the global market was valued at USD 13.22 Billion in 2015 and is projected to reach USD 19.29 Billion by 2021, at a CAGR of 6.5% from 2016 to 2021.
Browse 114 market data Tables and 61 Figures spread through 211 Pages and in-depth TOC on "Modified Bitumen Market"
Early buyers will receive 10% customization on this report.
The use of modified bitumen has increased in road and building construction in Asia-Pacific and the Middle East & Africa regions, owing to the growing awareness about the benefits of modified bitumen such as low maintenance cost and efficiency.
Ask for PDF of the Report at http://www.marketsandmarkets.com/pdfdownload.asp?id=77730709
SBS is estimated to be the largest modifier type segment of the market in terms of volume and value
The Styrene-Butadiene-Styrene (SBS) segment is estimated to be the largest segment of the Modified Bitumen Market, by modifier type, in terms of value and volume. SBS is a premier modifier used for road construction in places with heavy traffic to reduce low temperature thermal stress cracking, abrasion, deformation, flushing, and to provide high tensile strength. SBS modified bitumen and Atactic Polypropylene (APP) modified bitumen is commonly applied via hot asphalt method.
Road Construction projected to growth at the highest growth rate during the forecast period
Modified bitumen has been widely used in the road construction, where high material performance is required. Modified bitumen are used for road construction which includes tunnel liners, bridges & flyovers, highways, and airport runways.
Modified Bitumen market in Asia-Pacific is projected to grow at the highest CAGR during the forecast period
Asia-Pacific is the largest market for modified bitumen, in terms of volume, followed by Europe and North America. China, U.S., Germany, Canada and Mexico are the largest consumers of modified bitumen. End-use industries, such as road and building construction represent the bulk of the demand for modified bitumen in the Asia-Pacific region. Rising awareness about the benefits of modified bitumen has increased the importance as well as demand of modified bitumen in Asia-Pacific countries, such as China, Japan, and India.
Make an Inquiry @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=77730709
Key players in the modified bitumen market
The key players in the global modified bitumen market include Sika AG (Switzerland), Nynas AB (Sweden), Total S.A. (France), Royal Dutch Shell Plc (Netherlands), and Colas S.A. (France).
Browse Related Reports:
Waterproofing Chemicals Market by Chemistry (Bitumen, Elastomers, PVC, TPO, EPDM), System/Technology (Preformed Membranes, Coatings & LAMs, Integral System), Application (Roofing & Walls, Floors & Basements, Waste & Water Management, Tunnel Liners) and Geography - Forecast to 2021
Waterproofing Membranes Market by Type (Modified bitumen, PVC, EPDM, TPO, HDPE, LDPE), Application (Roofing & walls, Building Structures, Waste & Water management, Tunnel Liners, Bridges & Highways) and Geography - Forecast to 2021
Subscribe Reports from Chemicals & Materials Domain http://www.marketsandmarkets.com/Knowledgestore.asp
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets