Polymer Modified Bitumen Market Expands with Rising Use in Airport Runways and Highways

The newly added Polymer Modified Bitumen Market research report by Value Market Research disclose all the important information associated with the market such as value, growth factor, trends, market share, size, and challenges for the forecasted timeline 2023-2032. Further, this report also highlights smart strategy adopted by major players and also their market share. Basically, this report is designed to give a proper understanding of industry structure and competition intensity attractiveness.

The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the polymer modified bitumen market include Benzene International Pte Ltd, ExxonMobil, Gazprom NEFT, Lagan Asphalt Group, Nynas AB, Royal Dutch Shell PLC, Sika AG. and Total Oil India Pvt. Ltd. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.

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Market Dynamics

Rising infrastructural development within emerging economies such as China and India is driving the market growth. The shift in trend towards the use of PMB owing to its enhanced properties and low maintenance cost is further driving the market growth. Rising investment in refurbishment and construction of roads and pavements is expected to foster the market growth in forecasting period. However, volatile prices of raw material is likely to hinder market growth.

This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of polymer modified bitumen.

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Market Segmentation

The broad polymer modified bitumen market has been sub-grouped into product and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.

By Product

·        Thermoplastic Elastomer

·        Plastomers

By Application

·        Road Construction

·        Roofing

·        Others

Regional Analysis

Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for polymer modified bitumen in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.

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