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Polymer Modified Bitumen (PMB) - Industry Size 2019 | Market Opportunities, Share Analysis up to 2025

New research report on Polymer Modified Bitumen (PMB) market, which is a detailed analysis of this business space inclusive of the trends, competitive landscape, and the market size. Encompassing one or more parameters among product analysis, application potential, and the regional growth landscape, Polymer Modified Bitumen (PMB) market also includes an in-depth study of the industry's competitive scenario.

Polymer modified bitumen market is majorly driven by the construction and infrastructural industry. The use of PMB in roofing and construction activities is increasing at a rapid pace due to its waterproofing and cohesive properties. Rise in the demand for housing and other infrastructural facilities due to increasing population in the developing countries, rising disposable income and purchasing power parity are the factors driving the PMB market as people are ready to spend more on new and developed housing and commercial spaces.

Polymer Modified Bitumen (PMB) Market size will likely surpass USD 14 billion by 2024; according to a new research report.

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Based on product, PMB market is classified into three broad categories which include- thermosetting polymers, thermoplastic polymers, and thermoplastic elastomers. Thermosetting polymers are further-divided into four segments namely, phenolic, epoxy, polyurethane, and acrylic resins. Thermosetting polymers have mineral particles with high adhesive strength and are comparatively high priced than thermoplastic elastomers and polymers. Thermoplastic elastomers have high temperature and storage stability with a comparatively lower cost and resistance to rutting. This segment finds extensive application in asphalt pavements due to its adhesion and cohesion properties.

Polymer Modified Bitumen (PMB) - Industry Size 2019 | Market Opportunities, Share Analysis up to 2025
Polymer Modified Bitumen (PMB) - Industry Size 2019 | Market Opportunities, Share Analysis up to 2025

Request Sample Copy of this Report @ https://www.cuereport.com/request-sample/12398

Environmental awareness is pushing the use of green cement, eco-friendly construction materials and chemicals. Developing regions of the world have a great amount of construction activities and infrastructural development, which in turn, is propelling the regional polymer modified bitumen market. Developing economies such as China and India have huge construction activities owing to huge and rapidly increasing population which is demanding better and superior homes. These factors drive the PMB market on a large scale in the developing as well as the developed countries.

The polymer modified bitumen market is segmented into emulsions, road construction, and roofing & piping on the basis of application. The emulsions segment is further classified into waterproofing and paving. Use of superior quality material for construction of houses and other infrastructural facilities is on a rise. Use of waterproofing solutions to prevent wetness and leakages of walls and ceilings is rising as new and improved construction material is available. These factors are propelling the PMB market demand.

Volatility in raw material prices due to changing crude oil prices may hinder the polymer modified bitumen market growth in the coming years. Petroleum is the primary raw material used in the manufacture of polymers in polymer modified bitumen. Fluctuating crude oil resources around the world, large scale extraction and refining of oil and demand & supply ratio are some of the chief factors affecting the industry.

Geographically, North America polymer modified bitumen market accounts for a significant share owing to road construction and development activities. The region has a mature construction industry due to excellent infrastructural and housing facilities. Road construction and development activities in Europe will further augment the PMB market owing to extensive use of the product owing to its cohesive, elastic and adhesive properties.

Key players operating in the global polymer modified bitumen market are Royal Dutch Shell, Maruti Group, IKA group, Lagan Asphalt Group Ltd., MBD Industries, Offshore Petrochem, AMT Techno, Ooms Avenhorn Holding, Tiki Tar Industries, The Richmond Group, Marini S.P.A., Gulf Petrochem, L N Petro Chem, Veekay Industries, RoadStar, Ratnamani Industries, Space Petro Energy, Allied Bitumen Complex, South Machinery, and Bitumat Company Limited.

Polymer modified bitumen market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons & revenue in USD million from 2013 to 2024, for the following segments:

PMB Market by Product

Thermoplastic elastomers

SBS

SBR

SIS

SEBS

EPDT

IIR

Natural rubber

Others

Thermoplastic polymers

EVA

EMA

EBA

APP

PE

PP

Others

Thermosetting polymers

Epoxy resin

Polyurethane resin

Acrylic resin

Phenolic resin

PMB Market by Application

Road construction

Roofing & piping

Emulsions

Paving

Waterproofing

Major Highlights from Table of contents are listed below for quick lookup into Polymer Modified Bitumen (PMB) Market report

Chapter 1. Competitive Landscape

  • Company market share
  • Polymer Modified Bitumen (PMB) Market Competitive analysis of key market players
  • Competitive analysis of other prominent vendors

Chapter 2. Company Profiles

  • Business Overview
  • Financial Data
  • Product portfolio
  • Strategic Outlook
  • SWOT Analysis

Chapter 3. Methodology & Scope

  • Methodology
  • Initial data exploration
  • Polymer Modified Bitumen (PMB) Market Statistical model and forecast
  • Industry insights and validation
  • Polymer Modified Bitumen (PMB) Market Scope
  • Definition
  • Methodology and forecast parameters
  • Data Sources

Chapter 4. Executive Summary

  • Polymer Modified Bitumen (PMB) industry 360º synopsis - 2025
  • Polymer Modified Bitumen (PMB) Business trends
  • Region trends

Chapter 5. Polymer Modified Bitumen (PMB) industry Insights

  • Polymer Modified Bitumen (PMB) Industry segmentation
  • Industry landscape 2025
  • Industry Pitfalls and Challenges
  • Threat of new entrants
  • Threat of substitutes
  • Polymer Modified Bitumen (PMB) Market Growth potential analysis

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