Global
Modified
Bitumen Market is expected to
grow at a significant CAGR in the upcoming years as the scope and its
applications are rising enormously across the globe. Bitumen modifiers are
certain additives or blend additives that can improve the properties of Bitumen
and bituminous mixes. Bitumen treated with these modifiers is termed as
modified bitumen. The factors that are playing a major role in the growth of
Modified Bitumen Industry are, it is cost-efficient, rising construction
industries in developing regions, and high demand in Asia Pacific. On the other
hand, lack of awareness regarding the advantages of modified bitumen is a
factor that may restrain the overall market growth.

Modified
Bitumen Market is segmented based on modifier type, applications, end-use
industry, and region. Modifier type such as Natural Rubber,
Styrene-Butadiene-Styrene (SBS), Crumb Rubber, Atactic Polypropylene (APP), and
others (Fiber, Polypropylene, Gilsonite, Polyvinyl Chloride, Ethylene Vinyl
Acetate, Epoxy Resin, and Styrene Butadiene Rubber) classify the market. In
terms of value and volume, the Styrene-Butadiene-Styrene (SBS) segment is
estimated to lead the overall market. The reason being, it is used to reduce
low temperature thermal stress cracking in places with heavy traffic,
deformation, and abrasion, and offers high tensile strength. Applications into
Torch Applied, Hot Asphalt, Cold Asphalt, and others (Self-Adhering,
Mechanically Fastened) classify Modified Bitumen Industry.
Hot
Asphalt segment leads the overall market of Modified Bitumen as it gives
steadfastness in the summer heat, whereas, the high saturation index that
delivers greater flexibility in colder temperatures. End-use industry such as
Building Construction (Structures, Roofing & Walls, and Building), Road
Construction (Airport Runways, Tunnel Liners, Highways, and Bridges &
Flyovers), and others (Industrial Areas and Waste & Water Management)
classify Modified Bitumen Industry.
Road
construction segment accounts for the largest market share of Modified Bitumen
Market and is estimated to lead the overall market in the years to come. The
reason being, rising road construction manufacturers of the modified bitumen in
developing countries like Indonesia, India, and Vietnam. This industry is
segmented geographically into Americas (North America, Latin America), Europe
(Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East and
Africa.
Market Segment:
This report studies Modified Bitumen in
Global market, especially in North America, Europe, China, Japan, Southeast
Asia and India, focuses on top manufacturers in global market, with capacity,
production, price, revenue and market share for each manufacturer, covering
•
Carlisle
•
Soprema
•
Sika AG
•
DOW
•
Renolit
Market Segment by Regions, this report
splits Global into several key Regions, with production, consumption, revenue,
market share and growth rate of Modified Bitumen in these regions, from 2012 to
2022 (forecast), like
•
North America
•
Europe
•
China
•
Japan
•
Southeast Asia
•
India
Globally,
Asia Pacific accounts for the largest market share of Modified Bitumen Market
and is estimated to lead the overall market in the years to come. The reason
being, rising demand from the construction industry, increasing awareness regarding
the benefits of modified bitumen, and high demand for modified bitumen in the
region. The developing countries like China, India, and Japan are the major
consumer of the industry in this region. Europe and North America follow suit.
The
key players of Modified Bitumen Industry are Colas S.A., Sika AG, Royal Dutch
Shell Plc., Nynas AB, ExxonMobil, Saint-Gobain, ORLEN Asfalt, and Total S.A.
These players are concentrating on inorganic growth to sustain themselves
amongst fierce competition. As such, mergers, acquisitions, and joint ventures
are the need of the hour.
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