Lewes, DE -- (SBWIRE) -- 07/20/2018 -- 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 study.

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.

Scope of the Report:
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 study.

Market Segment by Manufacturers, this report covers
Total
Shell
SK
Exxon Mobil
TIPCO ASPHALT
Colas
Nynas
Gazprom Neft PJSC
Lagan Asphalt Group
Baolirus
Guochuang Hi-tech
Xi'an Guolin Industry

Market Segment by Regions, regional analysis covers
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)

Market Segment by Type, covers
SBS Modified Bitumen
Plastomer Modified Bitumen
Crumb Rubber Modified Bitumen
Others

Market Segment by Applications, can be divided into
Road Construction & Paving
Roofing
Others

There are 15 Chapters to deeply display the global Polymer Modified Bitumen market.
Chapter 1, to describe Polymer Modified Bitumen Introduction, product scope, market overview, market opportunities, market risk, market driving force;
Chapter 2, to analyze the top manufacturers of Polymer Modified Bitumen, with sales, revenue, and price of Polymer Modified Bitumen, in 2016 and 2017;
Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2016 and 2017;
Chapter 4, to show the global market by regions, with sales, revenue and market share of Polymer Modified Bitumen, for each region, from 2013 to 2018;
Chapter 5, 6, 7, 8 and 9, to analyze the market by countries, by type, by application and by manufacturers, with sales, revenue and market share by key countries in these regions;
Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2013 to 2018;
Chapter 12, Polymer Modified Bitumen market forecast, by regions, type and application, with sales and revenue, from 2018 to 2023;
Chapter 13, 14 and 15, to describe Polymer Modified Bitumen sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source

Spanning over 134 pages "Forecast of Global Polymer Modified Bitumen Market 2023" report covers Market Overview, Manufacturers Profiles, Global Polymer Modified Bitumen Market Competition, by Manufacturer, Global Polymer Modified Bitumen Market Analysis by Regions, North America Polymer Modified Bitumen by Countries, Type, Application and Manufacturers, Europe Polymer Modified Bitumen by Countries, Type, Application and Manufacturers, Asia-Pacific Polymer Modified Bitumen by Countries, Type, Application and Manufacturers, South America Polymer Modified Bitumen by Countries, Type, Application and Manufacturers, Middle East and Africa Polymer Modified Bitumen by Countries, Type, Application and Manufacturers, Global Polymer Modified Bitumen Market Segment by Type, Global Polymer Modified Bitumen Market Segment by Application, Polymer Modified Bitumen Market Forecast (2018-2023), Sales Channel, Distributors, Traders and Dealers, Research Findings and Conclusion, Appendix.

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