Polymer modified bitumen (PMB) is a mixture of bitumen and polymers in which the polymer helps in changing the viscoelastic behavior of the bitumen making it more suitable for a range of stresses. Polymer modified binders (PMB) are a major advancement in bituminous binder technology as these materials better satisfy the demands of increasing traffic volumes and loads on road networks. The addition of polymer to regular bitumen makes it more elastomeric with additional elasticity. However, low aging resistance and poor storage stability are some of the factors that can hamper the global polymer modified bitumen (PMB) market growth.
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 market size. Furthermore, the report provides an overview of industry in the key regions.
Get more insights at: Polymer Modified Bitumen Market 2019-2025
Key Players: 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 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 industry.
The rising need to replace polyvinyl chloride (PVC) with eco-friendly materials such as thermoplastic elastomers in construction and automotive industries is another factor driving the growth of this segment and thereby, impacting the polymer modified bitumen market size. Based on application, roofing is projected to be the fastest growing application in the global polymer modified bitumen (PMB) market with a valuation of USD 2.81 billion by 2025. The property of PMB to withstand extreme weather conditions and provide extra strength, high cohesiveness and resistance to fatigue & deformations are some of the factors making polymer modified bitumen the most preferred material for roofing.
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Middle East & Africa PMB demand is anticipated to exceed 1.90 million tons by 2025. The increasing road construction and infrastructural activities in the region are expected to majorly drive the growth of polymer modified bitumen (PMB) market. Increasing government investments in infrastructures such as roads, public transport infrastructure, power generation, health care, schools, hospitality and housing owing to the population growth and plans to diversify are the factors which are expected to impact the polymer modified bitumen market size.
What does the report include?
- The study on the global polymer modified bitumen (PMB) market includes qualitative factors such as drivers, trends, and opportunities
- Additionally, the market has been evaluated using the value chain analysis and Porter’s Five Forces’ analysis.
- The study covers qualitative and quantitative analysis of the market segmented on the basis of type and application.
- The report provides a deep-dive data analysis for all the applications.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
- The study includes the profiles of key players in the market with a significant global and/or country presence.
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