Report on " Polymer Modified Bitumen Market " assesses the key Market opportunities and Key driving factors along with competitive Landscape by analyzing Leading Industry Players.

Albany, NY -- (SBWire) -- 03/14/2019 --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.

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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 GIR (Global Info Research) 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

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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

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