Polymer Modified Bitumen Market trends, growth, Forecasts by key players are AMT Techno, MBD Industries, Maruti Group, Veekay Industries, L N Petro Chem, IKA group

Prominent polymer modified bitumen market outlining the competitive dynamics of the industry with an aim to maximize business profits and carry out product development include Space Petro Energy, Lagan Asphalt Group Ltd., Maruti Group, Royal Dutch Shell and South Machinery, among numerous others.

In terms of application, the industry is segmented into roofing and proofing, emulsions and road construction. Emulsions are deployed across paving and waterproofing work. High-quality materials are increasingly being used to carry out the construction of infrastructural facilities like housing, offices, retail complexes, and others. Waterproofing solutions are being used to prevent seepage of ceilings and walls in order to provide high quality, reliable and safe construction outcomes.

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Moreover, emerging trends in the automobile sector, such as the introduction of premium cars and autonomous vehicles is propelling the need for superior quality roads. PMB helps in reducing the cracks and deformations on the roads and are widely being adopted for road construction across the globe. PMB products are segmented into thermoplastic polymers, thermosetting polymers, and thermoplastic elastomers.

Superior adhesive strength in thermosetting polymers is steering its demand. These polymers are further categorized into four segments – epoxy, acrylic resins, polyurethane, and phenolic. On the other hand, thermoplastic elastomers are comparatively cheaper as compared to the other products and render high quality. They are resistant to extreme temperatures and have high storage stability.

Shifting trends towards the establishment of green buildings in order to reduce the level of carbon dioxide will supplement PMB use. Thermoplastic elastomers are extensively used in asphalt pavements owing to their cohesion and adhesion characteristics. Product innovations and increase in redevelopment of old infrastructure to new, eco-friendly, modern and reliable ones will magnify polymer modified bitumen market forecast over the coming years.

In-depth table of contents @ https://www.gminsights.com/toc/detail/polymer-modified-bitumen-PMB-market

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