Polymer Modified Bitumen Market Growth by Key Players: 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., Gul

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.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1804

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.

Emulsion application segment is fragmented into paving and waterproofing. Increasing high quality material demand for housing and other infrastructure construction activities will propel the emulsions application segment growth. Rise in waterproofing solution demand to prevent leakages and wetness of ceilings and walls will also have a positive impact on the global polymer modified bitumen market growth till 2024.

Fluctuation in the prices of raw materials owing to the continuous changes in crude oil and petroleum prices may hamper the polymer modified bitumen market demand in forecast timeframe. Bitumen is derived from crude oil and depleting oil resources across the globe due to excessive exploration activities is likely to be the key restraining factor for polymer modified bitumen market growth in future.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1804

Partial Chapter of the Table of Content

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
o SBS
o SBR
o SIS
o SEBS
o EPDT
o IIR
o Natural rubber
o Others

• Thermoplastic polymers
o EVA
o EMA
o EBA
o APP
o PE
o PP
o Others

• Thermosetting polymers
o Epoxy resin
o Polyurethane resin
o Acrylic resin
o Phenolic resin

PMB Market by Application
• Road construction
• Roofing & piping
• Emulsions
o Paving
o Waterproofing

Emulsion application segment is fragmented into paving and waterproofing. Increasing high quality material demand for housing and other infrastructure construction activities will propel the emulsions application segment growth. Rise in waterproofing solution demand to prevent leakages and wetness of ceilings and walls will also have a positive impact on the global polymer modified bitumen market growth till 2024.

On the regional basis, Asia Pacific held most of the share in polymer modified bitumen market due to increase in regional construction and infrastructure development activities. Emerging economies such as India and China have a huge population coupled with increasing purchasing power and GDP. Growing housing need in these areas since last decade has resulted in new construction projects, which are carried out by private players and respective local governments. This in turn, will enhance the polymer modified bitumen industry development in the forecast timeframe.

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.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com

This release was published on openPR.