Polymer Modified Bitumen (PMB) Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Polymer modified bitumen or PMB is defined as a binder prepared from polymeric material which is dispersed in bitumen with improved binder performance for diversified application bases. It can be mixed by deploying the use of bitumen and crumb rubber and is significantly used to enhance the performance of binders in extreme climatic conditions. Rising demand of Polymer Modified Bitumen (PMB) in diversified application bases is expected to stipulate the growth of the market.

MARKET DYNAMICS

The Polymer Modified Bitumen (PMB) market has witnessed a significant growth owing to factors such significant growth in end use sector. Moreover, significant rise in economic development supports its application in diversified applicatons along with growing demand for durable pavement materials, which provides a huge market opportunity for the key players operating in the market. However, fluctuation in raw materials is projected to hamper the overall growth of the Polymer Modified Bitumen (PMB) market.

MARKET SCOPE

The "Global Polymer Modified Bitumen (PMB) Market Analysis to 2031" is a specialized and in-depth study of the chemical and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the market with detailed market segmentation by product and application and geography. The global Polymer Modified Bitumen (PMB) market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global Polymer Modified Bitumen (PMB) market is segmented on the basis of product and application. On the basis of product, the global market is divided thermoplastic elastomers and plastomers. Based on application, the global Polymer Modified Bitumen (PMB) market is divided road construction and roof construction.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides marketsize and forecast estimates from the year 2021to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Polymer Modified Bitumen (PMB) market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the Polymer Modified Bitumen (PMB) market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Polymer Modified Bitumen (PMB) market in these regions.

MARKET PLAYERS

The reports cover key developments in the Polymer Modified Bitumen (PMB) market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The marketpayers fromPolymer Modified Bitumen (PMB) market is anticipated to lucrative growth opportunities in the future with the rising demand for Polymer Modified Bitumen (PMB) in the global market. Below mentioned is the list of few companies engaged in the Polymer Modified Bitumen (PMB) market.

The report also includes the profiles of key companies along with their SWOT analysis and marketstrategies in the Polymer Modified Bitumen (PMB) market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Benzene International Pte. Ltd
•   ExxonMobil
•   Gazprom NEFT
•   Hindustan Colas Private Limited (HINCOL)
•   Lagan Asphalt Group
•   Nynas AB
•   Nynas AB
•   Royal Dutch Shell PLC
•   Sika AG
•   Total S.A

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Polymer Modified Bitumen (PMB) Report Scope