30.11.2021 01:00

Polymer Modified Bitumen Market Size to grow by USD 2.73 bn | Global Increase in Road Construction Activities to Drive Growth | Technavio

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NEW YORK, Nov. 29, 2021 /PRNewswire/ -- The polymer modified bitumen market size is set to grow by USD 2.73 bn from 2021 to 2026, according to Technavio. This report offers an 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 Free Sample Report to 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 leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.

The report covers the following areas:

Polymer Modified Bitumen Market 2022-2026: Segmentation

  • End-user
    • Road Construction
    • Roofing
    • Others
  • Geography
    • APAC
    • North America
    • Europe
    • South America
    • MEA

View Our Market Sample Report Now to learn about the contribution of each segment of the polymer modified bitumen market 

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

To help businesses improve their market position, the polymer modified bitumen market provides a detailed analysis of around 25 vendors operating in the market. Some of these vendors 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 activities, superior properties of polymer modified bitumen, and increased manufacturing and construction activities will offer immense growth opportunities. However, factors such as volatility in raw material prices may threaten the growth of the market.

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Polymer Modified Bitumen Market 2022-2026: Regional Analysis

Technavio offers an up-to-date analysis of the geographical composition of the market as well as competitive intelligence and regional opportunities for vendors. According to our analysis, 35% of the market's growth is expected to originate from APAC during the forecast period.China and India are the key countries for the polymer modified bitumen market in the region. APAC has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. Superior properties of polymer modified bitumen will drive the polymer modified bitumen market growth in APAC over the forecast period.

Polymer Modified Bitumen Market 2022-2026: Key Highlights

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will support polymer modified bitumen market growth during the next five years
  • Estimation of the polymer modified bitumen market size and its contribution to the parent market
  • Forecast on upcoming trends and changes in consumer behavior
  • The growth of the polymer modified bitumen market
  • Analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of polymer modified bitumen market vendors

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Polymer Modified Bitumen Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 4.23%

Market growth 2022-2026

USD 2.73 billion

Market structure

Concentrated

YoY growth (%)

3.75

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 35%

Key consumer countries

China, US, Russian Federation, Canada, and India

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

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 inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Download Free Sample Report Now for additional highlights on the polymer modified bitumen market

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

 

Technavio (PRNewsfoto/Technavio)

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