Modified Bitumen Market Estimated huge growth at a CAGR of 6.5% by 2021

(IT-NEWSWIRE.COM, December 20, 2021 ) The report "Modified Bitumen Market by Modifier Type (SBS, APP, Crumb Rubber, Natural Rubber), Application Method (Hot Asphalt, Cold Asphalt, Torch-Applied), End-Use Industry (Road Construction, Building Construction), and Region - Global Forecast to 2021". The global Modified Bitumen Market was valued at USD 13.22 Billion in 2015 and is projected to reach USD 19.29 Billion by 2021, at a CAGR of 6.5% from 2016 to 2021.

Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=77730709
Early buyers will receive 10% customization on reports.
The use of modified bitumen has increased in road and building construction in Asia-Pacific and the Middle East & Africa regions, owing to the growing awareness about the benefits of modified bitumen such as low maintenance cost and efficiency.
SBS is estimated to be the largest modifier type segment of the market in terms of volume and value
The Styrene-Butadiene-Styrene (SBS) segment is estimated to be the largest segment of the modified bitumen market, by modifier type, in terms of value and volume. SBS is a premier modifier used for road construction in places with heavy traffic to reduce low temperature thermal stress cracking, abrasion, deformation, flushing, and to provide high tensile strength. SBS modified bitumen and Atactic Polypropylene (APP) modified bitumen is commonly applied via hot asphalt method.
Road Construction projected to growth at the highest growth rate during the forecast period
Modified bitumen has been widely used in the road construction, where high material performances is required. Modified bitumen are used for road construction which includes tunnel liners, bridges & flyovers, highways, and airport runways.
Don't miss out on business opportunities in the Modified Bitumen Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. <||>rnhttps://www.marketsandmarkets.com/speaktoanalystNew.asp?id=77730709
Browse in-depth TOC on "Modified Bitumen Market”
114 - Market Data Tables
61 - Figures
211 - Pages

Modified Bitumen market in Asia-Pacific is projected to grow at the highest CAGR during the forecast period
Asia-Pacific is the largest market for modified bitumen, in terms of volume, followed by Europe and North America. China, U.S., Germany, Canada and Mexico are the largest consumers of modified bitumen. End-use industries, such as road and building construction represent the bulk of the demand for modified bitumen in the Asia-Pacific region. Rising awareness about the benefits of modified bitumen has increased the importance as well as demand of modified bitumen in Asia-Pacific countries, such as China, Japan, and India.
Key players in the modified bitumen market
The key players in the global modified bitumen market include Sika AG (Switzerland), Nynas AB (Sweden), Total S.A. (France), Royal Dutch Shell Plc (Netherlands), and Colas S.A. (France).

Get Sample Pages of This Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=77730709

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

MarketsandMarkets™

Mr. Aashish Mehra

1-888-600-6441

raviraj.tak@marketsandmarkets.com

Source: EmailWire.Com

Source: EmailWire.com

Information Tech News & Press Release Distribution

Modified Bitumen Market Estimated huge growth at a CAGR of 6.5% by 2021