Press release
Polymer Modified Bitumen (PMB) Market 2019 by Top Key Players - Total S.A., Nynas AB, Royal Dutch Shell, ExxonMobil, Indian Oil Corporation, Lagan Asphalt Group, GULF PETROCHEM, BITUMINA GROUP, Hindustan Colas, Benzene International and others
Polymer Modified Bitumen (PMB)
About the Polymer Modified Bitumen (PMB) Market:
The global polymer modified bitumen (PMB) market size is estimated to be worth USD 14.85 billion by 2025, driven by the rise in the construction and infrastructural activities across the globe. The increasing use of bitumen as waterproofing, ceiling-binding and adhesives in wood industry are some of the primary factors driving the global polymer modified bitumen industry.
Request a sample copy of this report: https://www.adroitmarketresearch.com/contacts/request-sample/521
Polymer Modified Bitumen (PMB) Market Competition by TOP PLAYERS, with Polymer Modified Bitumen (PMB) sales volume, price, revenue (Million USD) and market share for each manufacturer/player; the top players including: Total S.A., Nynas AB, Royal Dutch Shell, ExxonMobil, Indian Oil Corporation, Lagan Asphalt Group, GULF PETROCHEM, BITUMINA GROUP, Hindustan Colas, Benzene International
Scope of the Report (Overlook 2019-2025):
The report provides a detailed analysis of global polymer modified bitumen (PMB) market based on drivers, restraints and future opportunities that are expected to influence the market dynamics during the forecast period. Additional tools such as Porter’s five forces analysis and value chain analysis are included to give a holistic market view. The report also assesses the impact of current and emerging trends on the global polymer modified bitumen market size. Furthermore, the report provides an overview of polymer modified bitumen industry in the key regions.
Based on the type, thermoplastic elastomers demand is projected to exceed 15 million tons by 2025. Thermoplastic elastomers which exhibit superior stiffness, elastic response, resistance to heat and reduced temperature sensitivity when added to bitumen, makes it compatible for use in varied climatic condition. This type of PMB can also be continually cooled, melted, deformed without affecting the product quality and can be recycled easily. Furthermore, thermoplastic elastomers also have a broader range of properties such as high strength, high impact resistance, shrink resistance and superior aesthetic finishes compared to the traditional thermoplastics.
SBS is the most widely used as bitumen modifiers owing to features such as high strength, elasticity, heat resistance, adhesion, and improved low-temperature. The rising need to replace polyvinyl chloride (PVC) with eco-friendly materials such as thermoplastic elastomers in construction and automotive industries is another factor driving the growth of this segment and thereby, impacting the polymer modified bitumen market size.
Based on application, roofing is projected to be the fastest growing application in the global polymer modified bitumen (PMB) market with a valuation of USD 2.81 billion by 2025. The property of PMB to withstand extreme weather conditions and provide extra strength, high cohesiveness and resistance to fatigue & deformations are some of the factors making polymer modified bitumen the most preferred material for roofing. Advancements in technology leading to the development of new materials have paved the way for innovative roofing systems which makes polymer modified bitumen one of the most common materials used for membrane roofs typically found on most commercial buildings, as well as in increasing number of residential properties, too.
Middle East & Africa PMB demand is anticipated to exceed 1.90 million tons by 2025. The increasing road construction and infrastructural activities in the region are expected to majorly drive the growth of polymer modified bitumen (PMB) market. Increasing government investments in infrastructures such as roads, public transport infrastructure, power generation, health care, schools, hospitality and housing owing to the population growth and plans to diversify are the factors which are expected to impact the polymer modified bitumen market size. For instance, in 2016, the Saudi Pan Kingdom for Trading & Contracting (SAPAC), Daewoo Engineering & Construction and Hanwha Engineering & Construction won a USD 20 billion housing project to construct 100,000 houses in Saudi Arabia. Such initiatives are expected to escalate the demand of polymer modified bitumen in the region in the coming years.
Key segments of the Global Polymer Modified Bitumen (PMB) market:
Type Overview, 2015-2025 (Kilo Tons) (USD Million)
• Thermoplastic elastomers
• Plastomers
Application Overview, 2015-2025 (Kilo Tons) (USD Million)
• Road Construction
• Roofing
• Others
What Information does this report contain?
• Historical data coverage: 2014 to 2017; Growth Projections: 2019 to 2025.
• Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
• 6-7 year performance forecasts: major segments covering applications, top products and geographies.
• Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.
Who should buy this report?
This study is suitable for industry participants and stakeholders in the global polymer modified bitumen (PMB) market, who want an in-depth insight into the movement of the global polymer modified bitumen (PMB) market. The report will benefit:
• Executives of global polymer modified bitumen (PMB) companies that are engaged in the polymer modified bitumen (PMB) production and exporting
• Managers within financial institutions looking to publish recent and forecasted statistics pertaining to global polymer modified bitumen (PMB) market
• Venture capitalists and investors looking for more information on the future outlook of the global polymer modified bitumen (PMB) market
• Government organizations, regulatory authorities, policymakers and financial organizations looking for innovative solutions for manufacturing polymer modified bitumen (PMB)
Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies
Else place an Inquire before Purchase “Polymer Modified Bitumen (PMB) Market Size, Status and Forecast 2025: https://www.adroitmarketresearch.com/contacts/enquiry-before-buying/521
About Adroit Market Research:
Adroit Market Research provide quantified B2B research on numerous opportunistic markets, and offer customized research reports, consulting services, and syndicate research reports. We assist our clients to strategize business decisions and attain sustainable growth in their respective domain. Additionally, we support them with their revenue planning, marketing strategies, and assist them to make decisions before the competition so that they remain ahead of the curve.
Ryan Johnson
Adroit Market Research
3131 McKinney Ave #600
Dallas, TX 75204
Tel: +1-214-884-6068
Email: sales@adroitmarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Polymer Modified Bitumen (PMB) Market 2019 by Top Key Players - Total S.A., Nynas AB, Royal Dutch Shell, ExxonMobil, Indian Oil Corporation, Lagan Asphalt Group, GULF PETROCHEM, BITUMINA GROUP, Hindustan Colas, Benzene International and others here
News-ID: 1506069 • Views: …
More Releases from Adroit Market Research
Electronic Health Records Market Estimated Size Valuation will be USD 47.62 Bill …
The global Electronic Health Records market reached a value of US$ 30.65 Billion in 2023 and is expected to reach US$ 47.62 Billion by 2032, exhibiting a CAGR of 6.01% during the prediction period of 2023 to 2032.
Executive Synopsis:
The last few years have seen a notable increase in the global Electronic Health Records market because of technological breakthroughs, rising demand from a variety of industries, and continuous R&D initiatives to…
Organic Food Market Size to Reach USD 525.65 Billion at a CAGR of 12.09% by 2032 …
The global Organic Food market reached a value of US$ 170.05 Billion in 2023 and is expected to reach US$ 525.65 Billion by 2032, exhibiting a CAGR of 12.09% during the prediction period of 2023 to 2032.
The global Organic Food market report uses methods and major market analysis
To give a thorough picture of the market, the global Organic Food market report uses a range of analytical techniques and frameworks. Market…
Quantum Computing Market Size to Grow Worth USD 888.5 Million at a CAGR of 33.10 …
The global Quantum Computing market reached a value of US$ 888.5 Million in 2023 and is expected to reach US$ 12,622.9 Million by 2032, exhibiting a CAGR of 33.10% during the prediction period of 2023 to 2032.
What is said in the market report for global Quantum Computing
A thorough examination of the market's structure, trends, obstacles, and opportunities is included in the global Quantum Computing market study. A thorough analysis of…
Software as a Service Market Size to grow USD 1,230.81 Billion by 2032 | CAGR of …
The global Software as a Service market reached a value of US$ 275.53 Billion in 2023 and is expected to reach US$ 1,230.81 Billion by 2032, exhibiting a CAGR of 19.5% during the prediction period of 2023 to 2032.
Extensive Assessment of COVID-19's Impact on the Worldwide Software as a Service Industry
The COVID-19 pandemic had a substantial effect on the global Software as a Service market, altering market dynamics through supply…
More Releases for PMB
Polymer Modified Bitumen (PMB) Market Size to Boost USD 18.94 Billion By 2032 | …
The global Polymer Modified Bitumen (PMB) market size reached USD 12.16 Billion in 2022 and is expected to register a steady revenue CAGR of 4.6% during the forecast period, according to latest analysis by Emergen Research. Increasing government initiatives to improve transportation infrastructure is a key factor driving market revenue growth. PMB represents a group of road bituminous specially designed and manufactured to improve the durability of asphalt. PMB is…
Growth Drivers of Radiopharmaceutical Production Systems Market 2023-2030 based …
The Radiopharmaceutical Production Systems Market Trends Overview 2023-2030:
A new Report by Worldwide Market Reports, titled "Radiopharmaceutical Production Systems Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2030," offers a comprehensive analysis of the industry, which comprises insights on the Radiopharmaceutical Production Systems market analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market.
This report has a complete table of contents, figures, tables, and charts,…
Radiopharmaceutical Production Systems Market 2023 Will Record Massive Growth, T …
Radiopharmaceutical Production Systems Market Report Study
WMR has announced the addition of Radiopharmaceutical Production Systems Market 2023 Forecast Analysis by Types, Applications, Size, Share, Key Players, and Regions. a new research report to its market research archive. The Radiopharmaceutical Production Systems Market has been thoroughly researched and analysed by industry experts and researchers. The industry is examined at the global, regional, and national levels. The report highlights the primary revenue stream…
Radiopharmaceutical Production Systems Market Incredible Growth, Best Strategies …
This comprehensive Report of the Radiopharmaceutical Production Systems Market provides real information about the statistics and state of the global and regional market. Its scope study extends from the market situation to comparative pricing between the main players, spending in specific market areas, and profits. It represents a comprehensive and succinct analysis report of the main competitor and price statistics with a view to helping beginners establish their place…
Polymer Modified Bitumen (PMB) Market Growth 2020-2025: Total, Shell, SK, Exxon …
Polymer Modified Bitumen (PMB) Industry
Description
Wiseguyreports.Com Adds "Polymer Modified Bitumen (PMB) -Market Demand, Growth, Opportunities and Analysis Of Top Key Player Forecast To 2025" To Its Research Database
The Polymer Modified Bitumen (PMB) market is a growing sector with several subsectors such as design, manufacturing, distribution, and after sales services. In the past, the market had seen an increasing curve in the sales chart, but the past few years have been different.…
Bitumen Market: Growing Application Scope of Polymer Modified Bitumen (PMB) Augm …
The presence of a large number of players makes the global bitumen market a highly fragmented arena. Transparency Market Research (TMR) observes that the majority of key participants are refineries that are forward integrated into the value chain. Companies are focusing towards staying ahead in this highly competitive marketplace by introducing advanced technologies that cater to the requirements of end users.
Apart from this, business expansion is also looked upon…
