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.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.

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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.

According to this study, over the next five years the Polymer Modified Bitumen market will register a 4.4% CAGR in terms of revenue, the global market size will reach US$ 10600 million by 2024, from US$ 8170 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Polymer Modified Bitumen business, shared in Chapter 3.This report presents a comprehensive overview, market shares, and growth opportunities of Polymer Modified Bitumen market by product type, application, key manufacturers and key regions and countries.This study considers the Polymer Modified Bitumen value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.

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

Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.

• Road Construction & Paving
• Roofing
• Others

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.

• Americas
• United States
• Canada
• Mexico
• Brazil
• APAC
• China
• Japan
• Korea
• Southeast Asia
• India
• Australia
• Europe
• Germany
• France
• UK
• Italy
• Russia
• Spain
• Middle East & Africa
• Egypt
• South Africa
• Israel
• Turkey
• GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.

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

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives

• To study and analyze the global Polymer Modified Bitumen consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
• To understand the structure of Polymer Modified Bitumen market by identifying its various subsegments.
• Focuses on the key global Polymer Modified Bitumen manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
• To analyze the Polymer Modified Bitumen with respect to individual growth trends, future prospects, and their contribution to the total market.
• To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
• To project the consumption of Polymer Modified Bitumen submarkets, with respect to key regions (along with their respective key countries).
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
• To strategically profile the key players and comprehensively analyze their growth strategies.

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Table of content

1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology

2 Executive Summary
2.1 World Market Overview
2.1.1 Global Polymer Modified Bitumen Consumption 2014–2024
2.1.2 Polymer Modified Bitumen Consumption CAGR by Region
2.2 Polymer Modified Bitumen Segment by Type

3 Global Polymer Modified Bitumen by Players
3.1 Global Polymer Modified Bitumen Sales Market Share by Players
3.1.1 Global Polymer Modified Bitumen Sales by Players (2017–2019)
3.1.2 Global Polymer Modified Bitumen Sales Market Share by Players (2017–2019)

Key Que Answered in this report:

1. What will the Polymer Modified Bitumen Market?
2. What are the key factors driving the Global Polymer Modified Bitumen Market?
3. What are the key market trends in the Polymer Modified Bitumen Market?
4. improve pasting the growth of these Polymer Modified Bitumen Market?
5. What are the challenges to the Polymer Modified Bitumen Market?
6. What are the market opportunities and threats faced by the vendors in the Global Polymer Modified Bitumen Market?
7. What are the key outcomes of the five forces analysis of the Polymer Modified Bitumen Market?

What is our report offers:

Strategic suggestions and proposals for the beginners to understand
Assessments of the market share from different countries and regions were conducted
Top key market players, market share analysis included.
The market observations such as constraints, drivers, threats, opportunities, investment opportunities, challenges, and recommendations are added.
The competitive landscaping mappings of the ongoing trends are discussed.
Based on the market estimations, the strategic recommendations are made in the business segments

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