Modified Bitumen Market Worth 19.29 Billion USD by 2021

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Browse 114 market data Tables and 61 Figures spread through 211 Pages and in-depth TOC on "Modified Bitumen Market"

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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.

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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.

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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).

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