Polymer Modified Bitumen Market 2020 with High CAGR in Coming Years with Investigation by Business Opportunities, Top Companies report covers Developments, Outlook, and Current Trends By 2025

Polymer Modified Bitumen Market Research Report (2020-2025) Provides In-Depth Analysis by Scope, Growth Rate, Driving Factors, Competitive Situation, Top Manufacturers and Upcoming Trends. Polymer Modified Bitumen Market report split global into several key Regions which mainly includes Market Overview, Table of Content, List of Figures and Applications. Polymer Modified Bitumen Market Growing at Higher CAGR Rate of XX% between (2020-2025).

 

Summery:-

 

The global Polymer Modified Bitumen Market size is expected to value at USD 13.34 billion by 2022. The market is subject to witness a substantial growth due to the growing demand from various end-user industries such as building & construction industry and roofing industry, and increasing use as adhesive and coatings.

 

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The key driving factors responsible for the growth of Polymer Modified Bitumen market :

 

Shifting trend towards polymer-modified bitumen over conventional form of bitumen for asphalt overlay due to its advanced set of properties and minimum maintenance cost are anticipated to foster the growth of polymer modified bitumen industry. Globally, the polymer modified bitumen market is predicted to grow at higher CAGR in the forecast period, providing numerous opportunities for market players to invest for research and development in the market.

 

In addition, variation in changing climatic conditions coupled with heavy traffic hampers bitumen roads adversely, thus leading to cracks and rutting. Thus, increasing demand for polymer modified bitumen to comprehend such as factors are propelling market growth over the next seven years. Use of polymer-modified bitumen reduces the investment required for road maintenance every year. However, higher initial investment is one of the key challenges for market growth, in the recent years. Yet, polymer modified bitumen is highly cost-efficient, thus positively affecting market growth over the next seven years.

 

The polymer modified bitumen industry is broadly categorized into two major segments based on the product type such as thermoplastic elastomers and plastomers. The thermoplastic elastomers is considered as one of the fastest growing segment in the polymer modified bitumen market with substantial revenue generation in the last few years. Growing popularity of the thermoplastic elastomers segment is attributed to the increasing use as elastomeric materials and superior properties such as improved ageing resistance, low temperature flexibility and resistance to permanent deformation. The plastomers segment has also witnessed substantial growth.

 

The polymer modified bitumen industry is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in building & construction sector, substantial growth in green roofing industry, and existence of well-established manufacturing infrastructure in the region.

 

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Table of Contents:-

 

•         Polymer Modified Bitumen Market Overview

•         Polymer Modified Bitumen Market Competition by Manufacturers

•         Polymer Modified Bitumen Market Production, Revenue (Value) by Region (2014-2025)

•         Polymer Modified Bitumen Market Supply (Production), Consumption, Export, Import by Regions (2014-2025)

•         Polymer Modified Bitumen Market Production, Revenue (Value), Price Trend by Type

•         Polymer Modified Bitumen Market Analysis by Application

•         Polymer Modified Bitumen Market Manufacturers Profiles/Analysis

•         Polymer Modified Bitumen Market Manufacturing Cost Analysis

•         Polymer Modified Bitumen Market Industrial Chain, Sourcing Strategy and Downstream Buyers

•         Polymer Modified Bitumen Market Marketing Strategy Analysis, Distributors/Traders

•         Polymer Modified Bitumen Market Effect Factors Analysis

•         Polymer Modified Bitumen Market Research Findings and Conclusion

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