Precision Business Insights has published a report on the global polymer modified bitumen market, estimating its value at USD 13.37 billion in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 4.0% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/polymer-modified-bitumen-market
The Polymer Modified Bitumen (PMB) market is defined as the manufacture and application of bitumen that has been modified with polymer additives to increase its performance qualities. PMB has higher elasticity, durability, and resistance to deformation, cracking, and adverse weather conditions due to the incorporation of polymers such as styrene-butadiene-styrene (SBS), ethylene-vinyl acetate (EVA), or crumb rubber.
Drivers:
- Increasing demand for flexible, weather-resistant roofing membranes boosts PMB usage beyond road construction
- Innovations like reactive resins and hybrid polymer blends improve elasticity, adhesion, and thermal stability
The global polymer modified bitumen market segmentation:
1) By Product: Elastomeric Polymers, Plastomeric Polymers
2) By Grade: PMB 40, PMB 70, PMB 120
3) By Application: Road Construction, Bridge Construction, Roofing Systems, Railway Systems, Others
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Regional Overview:
The report also examines the current concerns and their Future Effects on the polymer modified bitumen market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the polymer modified bitumen market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
The competitive landscape is dominated by major players like Shell plc, TotalEnergies SE, ExxonMobil Corporation, Sika AG, Sasol Limited, Gazprom Neft PJSC, Indian Oil Corporation Limited, Tipco Asphalt Public Company Limited, Hindustan Petroleum Corporation Limited (HPCL), China Petroleum & Chemical Corporation
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