The report provides a detailed analysis of global polymer modified bitumen (PMB) market based on drivers, restraints and future opportunities that are expected to influence the market dynamics during the forecast period. Additional tools such as Porter’s five forces analysis and value chain analysis are included to give a holistic market view. The report also assesses the impact of current and emerging trends on the global market size. Furthermore, the report provides an overview of industry in the key regions.
Polymer modified bitumen (PMB) is a combination of bitumen and polymers wherein the polymer helps in modifying the viscoelastic behavior of the bitumen. This further enhances their stress sustainability. Polymer modified binders (PMB) are a major development in bituminous binder technology as they are required to maintain better quality across growing traffics over the road networks.
Get more insights at: Global Polymer Modified Bitumen (PMB) Market 2019-2025
Polymer Modified Bitumen (PMB) Market: Key Manufactures Total S.A., Nynas AB, Royal Dutch Shell, ExxonMobil, Indian Oil Corporation, Lagan Asphalt Group, GULF PETROCHEM, BITUMINA GROUP, Hindustan Colas Private Limited, and Benzene International Pte Ltd.
Global Polymer Modified Bitumen (PMB) Market is segmented on the basis of type, application and region. Segmentation on the basis of type is done as Thermoplastic elastomers and Plastomers. This is likely to make a cost effective alternative in comparison to removing bitumen from oil sands and crude oil. This further impacts the overall market size during the prediction period. The growth in the applicability and consumption has led to tolerance of heavy loads. Plastomers generally have lower tolerance towards strain and can break under high stress. The commonly used Plastomers are EVA (Ethene-Vinyl-Acetate) and PE (Polyethylene).
Global Polymer Modified Bitumen (PMB) Market size is estimated to be worth USD 14.85 billion by 2025, driven by the rise in the construction and infrastructural activities across the globe. The increasing use of bitumen as waterproofing, ceiling-binding and adhesives in wood industry are some of the primary factors driving the global polymer modified bitumen industry. In terms of application the market is segmented as Road Construction, Roofing and Others. Among the three Road construction segment of application is the fastest growing application in the market.
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When polymer is added to bitumen it becomes more elastomeric and elasticity also grows. At the same time, reduced resistance and stability are factors that might impact the growth of Global Polymer Modified Bitumen market. The roads and pavements that are constructed for extreme weather conditions and heavy-duty traffic need specially prepared bitumen grades for enhanced performance, resulting in the widespread use of PMB. The advantages of PMB include greater resistance to heavy traffic loads, enhanced safety, increased skid resistance and a higher level of comfort for both pedestrians and drivers.
Key segments of the Global Polymer Modified Bitumen (PMB) market
Type Overview, 2015-2025 (Kilo Tons) (USD Million)
- Thermoplastic elastomers
Application Overview, 2015-2025 (Kilo Tons) (USD Million)
- Road Construction
Regional Overview, 2015-2025 (Kilo Tons) (USD Million)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Some Key Highlight Points from TOC:
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. Global Polymer Modified Bitumen (PMB) Market Overview, By Type
Chapter 5. Global Polymer Modified Bitumen (PMB) Market Overview, By Application
Chapter 6. Global Polymer Modified Bitumen (PMB) Market Overview, By Region
Chapter 7. Competitive Landscape
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