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Growth Rate Of Polymer Modified Bitumen Market from 2018 to 2023

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Polymer Modified Bitumen

Polymer Modified Bitumen Market Report provides actionable intelligence on major factors impacting the market; analyses the market performance of key companies in the market; market dynamics of key segments within the market; outlines the market performance across regions. The insights of the industry over past years and a forecast until 2023 is provided. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Polymer Modified Bitumen has high elasticity and thermal stability. An asphalt concrete surface based on PMB is highly resistant to the formation of ruts, withstands high traffic loads, and is crack-resistant at low temperatures. There are three main components in PMB production. Firstly, conventional asphalt is used as a base. Secondly, there is a plasticizer which gives the bitumen plasticity and improves dilution of the polymer. And the third component is the polymer itself. The process used to produce PMB involves mixing these three components using a specific production process.

Top keyplayers in Polymer Modified Bitumen market :

Total, Shell, SK, Exxon Mobil, TIPCO ASPHALT, Colas, Nynas, Gazprom Neft PJSC, Lagan Asphalt Group, Baolirus, Guochuang Hi-tech, Xi’an Guolin Industry

 

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 This report focuses on the Polymer Modified Bitumen in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.The global Polymer Modified Bitumen industry has a rather high concentration. The major manufacturers are concentrated in China, USA, Europe, Southeast Asia, India and Korea, such as Total, Shell, SK, Exxon Mobil and TIPCO ASPHALT. At present, Shell is the world leader, holding 8.92% production market share in 2016.Polymer Modified Bitumen downstream is wide and recently Polymer Modified Bitumen has acquired increasing significance in various fields of Road Construction & Paving, Roofing and others. Globally, the Polymer Modified Bitumen market is mainly driven by growing demand for Road Construction & Paving and Roofing. Road Construction accounts for nearly 72.90% of total downstream consumption of Polymer Modified Bitumen in global.Polymer Modified Bitumen can be mainly divided into SBS Modified Bitumen, Plastomer Modified Bitumen and Others which SBS Modified Bitumen captures about 60.96% of Polymer Modified Bitumen market in 2016. According to our research and analysis, manufacturers from China are the major leaders in the international market of Polymer Modified Bitumen. Global market is expected to witness significant growth on account of rising applications, so in the next few years, Polymer Modified Bitumen consumption will show a trend of steady growth. In 2023 the consumption of Polymer Modified Bitumen is estimated to be 13474 K MT. On product prices, the slow downward trend in recent years will maintain in the future.The worldwide market for Polymer Modified Bitumen is expected to grow at a CAGR of roughly 4.4% over the next five years, will reach 10600 million US$ in 2023, from 8170 million US$ in 2017, according to a new GIR (Global Info Research) study.

WHAT WE PROVIDE IN THIS REPORT?

Polymer Modified Bitumen market along with Report Research Design:

Polymer Modified Bitumen Market Types:

  • SBS Modified Bitumen
  • Plastomer Modified Bitumen
  • Crumb Rubber Modified Bitumen
  • Others

    Polymer Modified Bitumen Market Applications:

  • Road Construction & Paving
  • Roofing
  • Others

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    Polymer Modified Bitumen Market Historic Data (2013-2017):

    • Industry Trends:Global Revenue, Status and Outlook.
    • Competitive Landscape: By Manufacturers, Development Trends.
    • Product Revenue for Top Players: Market Share, Growth Rate, Current Market Situation Analysis.
    • Market Segment: By Types, By Applications, By Regions/ Geography.
    • Sales Revenue: Market Share, Growth Rate, Current Market Analysis.

    Polymer Modified Bitumen Market Influencing Factors:

    • Market Environment:Government Policies, Technological Changes, Market Risks.
    • Market Drivers: Growing Demand, Reduction in Cost, Market Opportunities and Challenges.

    Polymer Modified Bitumen Market Forecast (2018-2023):

    • Market Size Forecast:Global Overall Size, By Type/Product Category, By Applications/End Users, By Regions/Geography.
    • Key Data (Revenue): Market Size, Market Share, Growth Rate, Growth, Product Sales Price

    WHAT ARE THE REGIONS ARE COVERED IN THIS REPORT?

     

    World Map

    • North America (United States, Canada and Mexico)
    • Europe (Germany, France, UK, Russia and Italy)
    • Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
    • South America (Brazil, Argentina, Colombia etc.)
    • Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

    “If you make a sale, you can make a living. If you make an investment of time and good service in a customer, you can make a fortune.” ~ Jim Rohn, Author and Motivational Speaker

     

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    The growth in professional landscaping and gardening services is one of the primary growth factors for this market. Landscaping services are provided by a team of experts and includes a wide range of services such as irrigation services, landscape maintenance, landscape installation, and landscape design services. Rising commercial properties and large projects are increasingly demanding the need for landscaping services on a large scale. This requires efficient power tools to conduct the work efficiently, subsequently driving market growth.

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