DUBLIN--(BUSINESS WIRE)--The "Global Modified Bitumen Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.
The analysts forecast the global modified bitumen market to grow at a CAGR of 6.45% during the period 2018-2022.
Modified bitumen consists of modifiers that are added to enhance the plastic- or rubber-like properties of bitumen. It is classified into polymer-based bitumen (PMB) and elastomers. PMB includes thermoplastics such as ethylene-vinyl acetate (EVA), atactic polypropylene (APP), and alpha polyolefins) and thermosetting (such as epoxy and polyurethanes). Elastomers include styrene-butadiene-styrene (SBS), styrene-butadiene-rubber (SBR), crumb rubber modified bitumen (CRMB), and natural rubber modified bitumen.
The report covers the present scenario and the growth prospects of the global modified bitumen market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
One trend in the market is advances in modified bitumen. Globally, governments are concentrating on reducing the consumption of petrochemical-based products and recycling waste to prevent landfilling. Emerging economies, such as China, are focusing on introducing advances in modified bitumen.
One driver in the market is global increase in road construction activities. The roadway construction segment is the largest consumer of modified bitumen and drives the global modified bitumen market. Development in the roadways sector, especially restoration, will increase the consumption of modified bitumen.
The report states that one challenge in the market is volatility in raw material prices. Modified bitumen is a crude-oil based substance that is heavily dependent on crude oil prices. Crude oil and natural gas are the basic raw materials required for producing modified bitumen.
Companies Mentioned
- BITUMINA HI-TECH PAVEMENT BINDERS
- Exxon Mobil Corporation
- Gazprom Neft
- Gulf Petrochem
- Nynas
- Owens Corning
- Rosneft
- Shell International
- Strukton
- Total
Key Topics Covered:
01. Executive Summary
02. Scope Of The Report
03. Research Methodology
04. Market Landscape
05. Market Sizing
06. Five Forces Analysis
07. Market Segmentation By Product
08. Customer Landscape
09. Regional Landscape
10. Decision Framework
11. Drivers And Challenges
12. Market Trends
13. Vendor Landscape
14. Vendor Analysis
15. Appendix
For more information about this report visit https://www.researchandmarkets.com/research/hhblp7/global_modified?w=4
