PUBLISHER: TechNavio | PRODUCT CODE: 1603738
PUBLISHER: TechNavio | PRODUCT CODE: 1603738
Polymer Modified Bitumen Market 2024-2028
The polymer modified bitumen market is forecasted to grow by USD 2445.8 mn during 2023-2028, accelerating at a CAGR of 3.8% during the forecast period. The report on the polymer modified bitumen market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by global increase in road construction activities, superior properties of polymer modified bitumen, and increased manufacturing and construction sector.
Market Scope | |
---|---|
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 3.6% |
CAGR | 3.8% |
Incremental Value | $2445.8 mn |
Technavio's polymer modified bitumen market is segmented as below:
By End-user
By Geographical Landscape
This study identifies the rapid rise in infrastructure development projects across emerging economies as one of the prime reasons driving the polymer modified bitumen market growth during the next few years. Also, emergence of new bitumen refinery plants and advances in modified bitumen will lead to sizable demand in the market.
The report on the polymer modified bitumen market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading polymer modified bitumen market vendors that include AMT Techno, Benzene International Pte Ltd., Bitumat Company Ltd., Breedon Group plc, Colas SA, FAYAT SAS, Fosroc International Ltd., IKA-Werke Staufen GmbH&Co.KG, Indian Oil Corp. Ltd., JMVD Industries Pvt. Ltd., Maruti Bitumen Pvt. Ltd., Nynas AB, Ooms International BV, PJSC Gazprom Neft, RoadStar, Shell plc, Sika AG, The Richmond Group, Tiki Tar Industries, and Veekay Industries. Also, the polymer modified bitumen market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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