Polymer Modified Bitumen Market Size Expected to Grow by USD 2.73 Billion | Global increase in road construction activity to drive growth


NEW YORK, November 29, 2021 / PRNewswire / – Polymer Modified Bitumen Market Size Expected To Grow By $ 2.73 billion from 2021 to 2026, according to Technavio. This report offers up-to-date analysis regarding the current global market scenario and the overall market environment.

Attractive Opportunities in Polymer Modified Bitumen Market by End User and Geography – Forecast and Analysis 2022-2026

Read a free sample report explore growth opportunities in the polymer modified bitumen market.

The polymer modified bitumen market is concentrated, and the degree of concentration will accelerate during the forecast period. To take advantage of current opportunities, market sellers need to strengthen their presence in fast growing segments while maintaining their positions in slow growing segments.

The report covers the following areas:

Polymer Modified Bitumen Market 2022-2026: Segmentation

See our sample market report now to know the contribution of each segment of the polymer modified bitumen market

Polymer Modified Bitumen Market 2022-2026: Supplier Analysis and Scope

To help companies improve their position in the market, Polymer Modified Bitumen market provides a detailed analysis of about 25 vendors operating in the market. Some of these providers include AMT Techno, Benzene International Pte Ltd., Breedon Group plc, Indian Oil Corp. Ltd., Nynas AB, Ooms International BV, PJSC Gazprom Neft, Royal Dutch Shell Plc, Sika AG and Tiki Tar Industries.

The global increase in road construction activity, the superior properties of polymer modified bitumen and the increase in manufacturing and construction activity will offer immense opportunities for growth. However, factors such as commodity price volatility can threaten market growth.

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Polymer Modified Bitumen Market 2022-2026: Regional Analysis

Technavio offers up-to-date analysis of the geographic composition of the market as well as competitive intelligence and regional opportunities for suppliers. According to our analysis, 35% of the market growth is expected to come from APAC during the forecast period. China and India are the key countries for the polymer modified bitumen market in the region. APAC has registered a significant growth rate and is expected to provide several growth opportunities for the market vendors during the forecast period. The superior properties of Polymer Modified Bitumen will drive the growth of the APAC Polymer Modified Bitumen market during the forecast period.

Polymer Modified Bitumen Market 2022-2026: Highlights

  • Market CAGR during the forecast period 2022-2026

  • Detailed information on the factors that will support the growth of the Polymer Modified Bitumen market over the next five years

  • Estimation of the Polymer Modified Bitumen market size and its contribution to the parent market

  • Prediction of upcoming trends and changes in consumer behavior

  • The growth of the polymer modified bitumen market

  • Market competitive landscape analysis and detailed supplier information

  • Complete details on the factors that will challenge the growth of the Polymer Modified Bitumen Market vendors

Associated reports:

  • Polymer Matrix Composites Market: The polymer matrix composites market has been segmented by end user (aviation & aerospace industry, automotive industry, marine & others) and geography (North America, Europe, APAC, MEA and South America). Download a free sample report

  • Polymerization initiators market: The polymerization initiators market has been segmented by active species (free radicals, cationic and anionic) and geography (North America, Europe, APAC, South America, and MEA). Download a free sample report

Scope of the Polymer Modified Bitumen Market

Cover of the report

Details

Page number

120

Year of reference

2021

Forecast period

2022-2026

Growth dynamics and CAGR

Accelerate to a CAGR of 4.23%

Market growth 2022-2026

$ 2.73 billion

Market structure

Concentrated

Annual growth (%)

3.75

Regional analysis

APAC, North America, Europe, South America and MEA

Efficient contribution to the market

APAC at 35%

Main consumer countries

China, United States, Russian Federation, Canada and India

Competitive landscape

Leading companies, competitive strategies, reach of consumer engagement

Profiled companies

AMT Techno, Benzene International Pte Ltd., Breedon Group plc, Indian Oil Corp. Ltd., Nynas AB, Ooms International BV, PJSC Gazprom Neft, Royal Dutch Shell Plc, Sika AG and Tiki Tar Industries

Market dynamics

Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period,

Customization

If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.

Download a free sample report now for additional highlights on the Polymer Modified Bitumen market

About Us

Technavio is one of the world’s leading technology research and consulting companies. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s report library includes over 17,000+ reports, spanning 800 technologies, spanning 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research and actionable market intelligence to identify opportunities in existing markets. and potentials and assess their competitive positions in changing market scenarios.

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Technavio (PRNewsfoto / Technavio)

Technavio (PRNewsfoto / Technavio)

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