Modified Bitumen Market Expected to Grow at 19.29 Billion In Revenue by 2021

According to Market Study Report, Modified Bitumen Market provides a comprehensive analysis of the Modified Bitumen Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, emerging opportunities of global industry. This report also provides market landscape and market share information in the Modified Bitumen Market. An exclusive data offered in this report is collected by research and industry experts team.

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The Global Modified Bitumen Market is projected to reach US$ 19.29 Billion by 2021, at a CAGR of 6.5% from 2016 to 2021. The growth of the market is attributed to the growing construction industry in emerging nations, cost-effectiveness of modified bitumen, and increasing demand for modified bitumen in regions such as Asia-Pacific and the Middle East & Africa. This report spread across 211 Pages, Profiling 21 Companies and Supported with 114 Tables and 61 figures are now available in this research.

Top Companies profiled in the Modified Bitumen Market:
o Sika AG (Switzerland)
o Nynas AB (Sweden)
o Total S.A. (France)
o Royal Dutch Shell Plc (Netherlands)
o Colas S.A. (France)
o Hindustan Colas Private Limited (India)
o Soprema Group (France)
o The Dow Chemical Company (U.S.)
o GAF Materials Corporation (U.S.)
o Gazprom Neft PJSC (Russia)
o Firestone Building Products Company (U.S.)
o PJSC Rosneft Oil Company (Russia)
o Fosroc International Limited (U.K.)
o Lagan Asphalt Group (Ireland)
o Bitumina Group (UAE)
o Global Road Technology (Australia)
o Texsa Systems Slu (Spain)
o Saint-Gobain Weber (France)
o Orlen Asfalt Sp. z.o.o. (Poland)
o Exxonmobil Corporation (U.S.)
o W.R.Grace and Company (U.S.)

"Road Construction represents the bulk of the demand for modified bitumen"
Modified bitumen has been widely used for road construction. Modified bitumen increases the lifetime, flexibility, and strength of the road which acts as a major driver for the use of modified bitumen. Modified bitumen are used for road construction which includes bridges & flyovers, tunnel liners, and airport runways highways.

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"The SBS segment is projected to grow at the highest CAGR during the forecast period"
Modified bitumen is produced by blending normal bitumen with suitable polymers and other additives to improve the inherent properties of bitumen. The major modifiers used are atactic polypropylene (APP), styrene-butadiene-styrene (SBS), crumb rubber, and natural rubber. SBS is the most widely used modifier.SBS modified bitumen can deal with the stress created by temperature fluctuation, normal expansion and contraction.

"Asia-Pacific market estimated 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, the U.S., Germany, Canada, and Mexico are the largest consumers of modified bitumen. End-use industries such as road construction and building construction, represent the bulk of the demand for modified bitumen in Asia-Pacific.

Breakdown of primary participants' profile:
o By Company Type: Tier 1 (43%), Tier 2 (36%), and Tier 3 (21%).
o By Designation: C-level (21%), Director Level (29%), and Others (50%).
o By Region: North America (36%),Europe (36%), Asia-Pacific (21%),and RoW (7%)

Competitive Landscape of Modified Bitumen Market:
1 Overview
2 New Product Launches, 2015-2016
3 Mergers & Acquisitions, 2015-2016
4 Contracts & Agreements, 2015-2016
5 Expansions, 2015-2016

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Reason to access this report:
This research report is focused on various levels of analysis-industry trends, market share analysis of key players, supply chain analysis, and company profiles, which together comprise and discuss the overall views on the competitive landscape; emerging and high-growth segments of the modified bitumen market; high-growth regions; and market drivers, restraints, opportunities, and challenges.

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