Polymer Modified Bitumen (PMB) Market Scope and Size by 2031
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.
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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
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Polymer Modified Bitumen (PMB) Market - By Product
1.3.2 Polymer Modified Bitumen (PMB) Market - By Application
1.3.3 Polymer Modified Bitumen (PMB) Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. POLYMER MODIFIED BITUMEN (PMB) MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. POLYMER MODIFIED BITUMEN (PMB) MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. POLYMER MODIFIED BITUMEN (PMB) MARKET - GLOBAL MARKET ANALYSIS
6.1. POLYMER MODIFIED BITUMEN (PMB) - GLOBAL MARKET OVERVIEW
6.2. POLYMER MODIFIED BITUMEN (PMB) - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. POLYMER MODIFIED BITUMEN (PMB) MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. THERMOPLASTIC ELASTOMERS
7.3.1. Overview
7.3.2. Thermoplastic Elastomers Market Forecast and Analysis
7.4. PLASTOMERS
7.4.1. Overview
7.4.2. Plastomers Market Forecast and Analysis
8. POLYMER MODIFIED BITUMEN (PMB) MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. ROAD CONSTRUCTION
8.3.1. Overview
8.3.2. Road Construction Market Forecast and Analysis
8.4. ROOF CONSTRUCTION
8.4.1. Overview
8.4.2. Roof Construction Market Forecast and Analysis
9. POLYMER MODIFIED BITUMEN (PMB) MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Polymer Modified Bitumen (PMB) Market Overview
9.1.2 North America Polymer Modified Bitumen (PMB) Market Forecasts and Analysis
9.1.3 North America Polymer Modified Bitumen (PMB) Market Forecasts and Analysis - By Product
9.1.4 North America Polymer Modified Bitumen (PMB) Market Forecasts and Analysis - By Application
9.1.5 North America Polymer Modified Bitumen (PMB) Market Forecasts and Analysis - By Countries
9.1.5.1 United States Polymer Modified Bitumen (PMB) Market
9.1.5.1.1 United States Polymer Modified Bitumen (PMB) Market by Product
9.1.5.1.2 United States Polymer Modified Bitumen (PMB) Market by Application
9.1.5.2 Canada Polymer Modified Bitumen (PMB) Market
9.1.5.2.1 Canada Polymer Modified Bitumen (PMB) Market by Product
9.1.5.2.2 Canada Polymer Modified Bitumen (PMB) Market by Application
9.1.5.3 Mexico Polymer Modified Bitumen (PMB) Market
9.1.5.3.1 Mexico Polymer Modified Bitumen (PMB) Market by Product
9.1.5.3.2 Mexico Polymer Modified Bitumen (PMB) Market by Application
9.2. EUROPE
9.2.1 Europe Polymer Modified Bitumen (PMB) Market Overview
9.2.2 Europe Polymer Modified Bitumen (PMB) Market Forecasts and Analysis
9.2.3 Europe Polymer Modified Bitumen (PMB) Market Forecasts and Analysis - By Product
9.2.4 Europe Polymer Modified Bitumen (PMB) Market Forecasts and Analysis - By Application
9.2.5 Europe Polymer Modified Bitumen (PMB) Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Polymer Modified Bitumen (PMB) Market
9.2.5.1.1 Germany Polymer Modified Bitumen (PMB) Market by Product
9.2.5.1.2 Germany Polymer Modified Bitumen (PMB) Market by Application
9.2.5.2 France Polymer Modified Bitumen (PMB) Market
9.2.5.2.1 France Polymer Modified Bitumen (PMB) Market by Product
9.2.5.2.2 France Polymer Modified Bitumen (PMB) Market by Application
9.2.5.3 Italy Polymer Modified Bitumen (PMB) Market
9.2.5.3.1 Italy Polymer Modified Bitumen (PMB) Market by Product
9.2.5.3.2 Italy Polymer Modified Bitumen (PMB) Market by Application
9.2.5.4 United Kingdom Polymer Modified Bitumen (PMB) Market
9.2.5.4.1 United Kingdom Polymer Modified Bitumen (PMB) Market by Product
9.2.5.4.2 United Kingdom Polymer Modified Bitumen (PMB) Market by Application
9.2.5.5 Russia Polymer Modified Bitumen (PMB) Market
9.2.5.5.1 Russia Polymer Modified Bitumen (PMB) Market by Product
9.2.5.5.2 Russia Polymer Modified Bitumen (PMB) Market by Application
9.2.5.6 Rest of Europe Polymer Modified Bitumen (PMB) Market
9.2.5.6.1 Rest of Europe Polymer Modified Bitumen (PMB) Market by Product
9.2.5.6.2 Rest of Europe Polymer Modified Bitumen (PMB) Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Polymer Modified Bitumen (PMB) Market Overview
9.3.2 Asia-Pacific Polymer Modified Bitumen (PMB) Market Forecasts and Analysis
9.3.3 Asia-Pacific Polymer Modified Bitumen (PMB) Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Polymer Modified Bitumen (PMB) Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Polymer Modified Bitumen (PMB) Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Polymer Modified Bitumen (PMB) Market
9.3.5.1.1 Australia Polymer Modified Bitumen (PMB) Market by Product
9.3.5.1.2 Australia Polymer Modified Bitumen (PMB) Market by Application
9.3.5.2 China Polymer Modified Bitumen (PMB) Market
9.3.5.2.1 China Polymer Modified Bitumen (PMB) Market by Product
9.3.5.2.2 China Polymer Modified Bitumen (PMB) Market by Application
9.3.5.3 India Polymer Modified Bitumen (PMB) Market
9.3.5.3.1 India Polymer Modified Bitumen (PMB) Market by Product
9.3.5.3.2 India Polymer Modified Bitumen (PMB) Market by Application
9.3.5.4 Japan Polymer Modified Bitumen (PMB) Market
9.3.5.4.1 Japan Polymer Modified Bitumen (PMB) Market by Product
9.3.5.4.2 Japan Polymer Modified Bitumen (PMB) Market by Application
9.3.5.5 South Korea Polymer Modified Bitumen (PMB) Market
9.3.5.5.1 South Korea Polymer Modified Bitumen (PMB) Market by Product
9.3.5.5.2 South Korea Polymer Modified Bitumen (PMB) Market by Application
9.3.5.6 Rest of Asia-Pacific Polymer Modified Bitumen (PMB) Market
9.3.5.6.1 Rest of Asia-Pacific Polymer Modified Bitumen (PMB) Market by Product
9.3.5.6.2 Rest of Asia-Pacific Polymer Modified Bitumen (PMB) Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Polymer Modified Bitumen (PMB) Market Overview
9.4.2 Middle East and Africa Polymer Modified Bitumen (PMB) Market Forecasts and Analysis
9.4.3 Middle East and Africa Polymer Modified Bitumen (PMB) Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Polymer Modified Bitumen (PMB) Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Polymer Modified Bitumen (PMB) Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Polymer Modified Bitumen (PMB) Market
9.4.5.1.1 South Africa Polymer Modified Bitumen (PMB) Market by Product
9.4.5.1.2 South Africa Polymer Modified Bitumen (PMB) Market by Application
9.4.5.2 Saudi Arabia Polymer Modified Bitumen (PMB) Market
9.4.5.2.1 Saudi Arabia Polymer Modified Bitumen (PMB) Market by Product
9.4.5.2.2 Saudi Arabia Polymer Modified Bitumen (PMB) Market by Application
9.4.5.3 Rest of Middle East and Africa Polymer Modified Bitumen (PMB) Market
9.4.5.3.1 Rest of Middle East and Africa Polymer Modified Bitumen (PMB) Market by Product
9.4.5.3.2 Rest of Middle East and Africa Polymer Modified Bitumen (PMB) Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Polymer Modified Bitumen (PMB) Market Overview
9.5.2 South and Central America Polymer Modified Bitumen (PMB) Market Forecasts and Analysis
9.5.3 South and Central America Polymer Modified Bitumen (PMB) Market Forecasts and Analysis - By Product
9.5.4 South and Central America Polymer Modified Bitumen (PMB) Market Forecasts and Analysis - By Application
9.5.5 South and Central America Polymer Modified Bitumen (PMB) Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Polymer Modified Bitumen (PMB) Market
9.5.5.1.1 Brazil Polymer Modified Bitumen (PMB) Market by Product
9.5.5.1.2 Brazil Polymer Modified Bitumen (PMB) Market by Application
9.5.5.2 Argentina Polymer Modified Bitumen (PMB) Market
9.5.5.2.1 Argentina Polymer Modified Bitumen (PMB) Market by Product
9.5.5.2.2 Argentina Polymer Modified Bitumen (PMB) Market by Application
9.5.5.3 Rest of South and Central America Polymer Modified Bitumen (PMB) Market
9.5.5.3.1 Rest of South and Central America Polymer Modified Bitumen (PMB) Market by Product
9.5.5.3.2 Rest of South and Central America Polymer Modified Bitumen (PMB) Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. POLYMER MODIFIED BITUMEN (PMB) MARKET, KEY COMPANY PROFILES
11.1. BENZENE INTERNATIONAL PTE. LTD
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. EXXONMOBIL
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. GAZPROM NEFT
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. HINDUSTAN COLAS PRIVATE LIMITED (HINCOL)
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. LAGAN ASPHALT GROUP
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. MBD INDUSTRIES
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. NYNAS AB
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. ROYAL DUTCH SHELL PLC
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SIKA AG
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. TOTAL S.A
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Benzene International Pte. Ltd
2. ExxonMobil
3. Gazprom NEFT
4. Hindustan Colas Private Limited (HINCOL)
5. Lagan Asphalt Group
6. MBD Industries
7. Nynas AB
8. Royal Dutch Shell PLC
9. Sika AG
10. Total S.A
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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