Polymer Modified Bitumen (PMB) Market Size was estimated over USD 9.5 billion in 2016 and the industry will likely grow by a CAGR more than 4% up to 2024.
Bitumen and polymer are combined to create a material that has the proper strength, consistency, and viscoelastic behavior. Bitumen’s elasticity and aesthetic qualities are increased by polymers, making it more resilient to pressures. The infrastructure and construction industries’ need for PMBs is fueled by these characteristics. The product is ideal for use in operations involving the building of pavement and roads due to its cohesive strength and binding qualities. When the pressure or weight of the vehicle is removed, polymer aids the bitumen in returning to its initial state, improving the overall quality and durability of the road. Additionally, this aids in preventing long-term cracks and deformations brought on by ground pressure and excessive traffic.
A commodity’s price is primarily influenced by the elements of supply and demand for that specific product. The main cause of price fluctuations in raw materials is excessive oil production and exploration by several nations in recent years, together with the depletion of crude oil supplies. There is no cracking or thermal conversion involved in the production of bitumen, which is made from crude oil. One of the main factors restricting the growth of the global PMB market is the global depletion of crude oil supplies.
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Key players covered:
The Richmond Group
IKA group
DuPont
Marini S.P.A.
Nynas AB
Global Road Technology
Total S.A.
Eni
Shell
By types:
Thermoplastic Elastomers
Plastomers
By Applications:
Road Construction
Roofing
Others
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Polymer Modified Bitumen Market in these regions:
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Key Points:
Define, describe and forecast Polymer Modified Bitumen product market by type, application, end user and region.
Provide enterprise external environment analysis and PEST analysis.
Provide strategies for company to deal with the impact of COVID-19.
Provide market dynamic analysis, including market driving factors, market development constraints.
Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
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