Modified Bitumen Market 2020 - 2024: Post-Pandemic Industry Planning Structure | Technavio

China National Chemical Corp. Ltd., Colas SA, Eni Spa, Exxon Mobil Corp., Indian Oil Corp. Ltd. will emerge as major modified bitumen market participants during 2020-2024.

LONDON--(BUSINESS WIRE)--The modified bitumen market is expected to grow by 44.91 million tons during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the modified bitumen market in optimistic, probable, and pessimistic forecast scenarios.

The modified bitumen market will witness Neutral and At par impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to increase as compared to 2019.

Enterprises will go through Respond, Recover and Renew phases. Download free report sample

With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through respond, recover and renew phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis and towards the Next Normal.

This post-pandemic business planning research will aid clients to:

• Adjust their strategic planning to move ahead once business stability kicks in.
• Build Resilience by making effective resource and investment choices for individual business units, products and service lines.
• Conceptualize scenario-based planning to mitigate future crisis situations.

Download the Post-Pandemic Business Planning Structure. Click here

Key Considerations for Market Forecast:

• Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
• Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
• Pre- as well as post-COVID-19 market estimates
• Quarterly impact analysis and updates on market estimates

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Major Three Modified Bitumen Market Participants:

China National Chemical Corp. Ltd.

China National Chemical Corp. Ltd. operates its business under various segments such as new chemical materials and specialty chemical products, basic chemicals, oil processing and refining products, agrochemicals, rubber products, and chemical equipment. The company manufactures and supplies polymer modified asphalt, bitumen emulsions or asphalt emulsions, and bitumen cutbacks to its clients.

Colas SA

Colas SA operates its business under total roads and railways and other activities segments. The company manufactures and supplies modified asphalt which is used for improving the lifespan of asphalt.

Eni Spa

Eni Spa has business operations under various segments, namely exploration and production, gas and power, refining and marketing and chemicals, and corporate and other activities. The company manufactures and supplies modified asphalt which is used for improving the lifespan of asphalt.

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get detailed market share analysis of market participants during COVID-19 lockdown: https://www.technavio.com/report/ modified bitumen market-industry-analysis

Modified Bitumen Market 2020-2024: Segmentation

Modified Bitumen is segmented as below:

• Application
  • Road construction
  • Building construction
  • Others
• Geography
  • North America
  • Europe
  • APAC
  • MEA
  • South America

The modified bitumen market is driven by a global increase in road construction activities. In addition, other factors such as superior properties of modified bitumen are expected to trigger modified bitumen market toward witnessing a CAGR of over 6% during the forecast period.

Get more insights about the global trends impacting the future of Modified Bitumen Market, Request Free Sample @ https://www.technavio.com/talk-to-us?report=IRTNTR44640

Market Drivers

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Vendor Landscape

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Competitive scenario

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