Modified Bitumen Market worth 19.29 Billion USD - Global Forecast to 2021

1. MarketsandMarkets Presents Modified Bitumen Market worth 19.29 Billion USD - Global Forecast to 2021 https://www.marketsandmarkets.com/Market-Reports/modified-bitumen-market-77730709.html

2. The global Modified Bitumen Marketsize is projected to reach USD 19.29 Billion by 2021, at a CAGR of 6.5% from 2016 to 2021. Increasing awareness about benefits of modified bitumen, growing construction industry in emerging nations, and cost-effectiveness of modified bitumen are fueling the growth of the modified bitumen market, globally. Browse 114 market data tables and 61 figures spread through 211 pages and in-depth TOC on “Modified Bitumen Market by Modifier Type (SBS, APP, Crumb Rubber, Natural Rubber), Application Method (Hot Asphalt, Cold Asphalt, Torch-Applied), End-Use Industry (Road Construction, Building Construction), and Region - Global Forecast to 2021” The use of modified bitumen has increased in road and building construction in Asia-Pacific and the Middle East & Africa regions, owing to the growing awareness about the benefits of modified bitumen such as low maintenance cost and efficiency. SBS is estimated to be the largest modifier type segment of the market in terms of volume and value The Styrene-Butadiene-Styrene (SBS) segment is estimated to be the largest segment of the modified bitumen market, by modifier type, in terms of value and volume. SBS is a premier modifier used for road construction in places with heavy traffic to reduce low temperature thermal stress cracking, abrasion, deformation, flushing, and to provide high tensile strength. SBS modified bitumen and Atactic Polypropylene (APP) modified bitumen is commonly applied via hot asphalt method.

3. Download PDF Brochure: Click Here Road Construction projected to growth at the highest growth rate during the forecast period Modified bitumen has been widely used in the road construction, where high material performances is required. Modified bitumen are used for road construction which includes tunnel liners, bridges & flyovers, highways, and airport runways. Modified Bitumen market in Asia-Pacific is projected to grow at the highest CAGR during the forecast period Asia-Pacific is the largest market for modified bitumen, in terms of volume, followed by Europe and North America. China, U.S., Germany, Canada and Mexico are the largest consumers of modified bitumen. End-use industries, such as road and building construction represent the bulk of the demand for modified bitumen in the Asia-Pacific region. Rising awareness about the benefits of modified bitumen has increased the importance as well as demand of modified bitumen in Asia-Pacific countries, such as China, Japan, and India. Request for Sample: Click Here

4. Scope of the Report: • Basis of Modifier Type: • Styrene-Butadiene-Styrene • AtacticPolypropylene • Crumb Rubber • Natural Rubber • Basis of Application Method: • Hot Asphalt • Cold Asphalt • Torch Applied • Basis of End-Use Industry: • Road Construction • Building Construction

5. Industry Leaders: Sika AG (Switzerland), Nynas AB (Sweden), Total S.A. (France), Royal Dutch Shell Plc (The Netherlands), and Colas S.A. (France) are the leading companies in the global modified bitumen market. These companies are expected to account for a significant market share in the near future. Strategies Adopted : New product launches and mergers & acquisitions are the most widely adopted strategies by the key players to strengthen their market presence and reach, especially in regions such as Asia-Pacific, Europe, and North America. The market players also concentrate on increasing their production capacities and developing cost-effective technologies. All these developments meet the increasing demand for modified bitumen for road construction and building construction. Nynas AB (Sweden) adopted new product launches, mergers & acquisitions, and contracts & agreements as key strategies in the modified bitumen market. The company added new modified bitumen products and technologies to its existing portfolio in September 2016. Royal Dutch Shell PLC (Netherlands), a leading producer of modified bitumen, opened its new Shell Bitumen China Solutions Centre (BCSC) in the Hongyi Technology Industrial Area, Shanghai in November 2016.

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