Europe Modified Bitumen Market Overview on Growing Demand and Supply 2021 to 2026

The Europe Modified Bitumen Market Research Report 2021-2026 is a valuable source of data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The Europe modified bitumen market is estimated to witness a healthy growth, at an estimated CAGR of over 3.5%, over the forecast period. 

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Key Players:

Alma Petroli S.p.a., BITUMINA HI-TECH PAVEMENT BINDERS LLC, Cepsa, Colas SA, Eni SpA, Exxon Mobil Corporation, Gazprom Neft PJSC, GRUPA LOTOS S.A., Nynas AB, OMV Aktiengesellschaft, ORLEN Asfalt Sp ZOO, Puma, Repsol, ROSNEFT, Royal Dutch Shell plc, Total and others.

Key Market Trends

Increasing Demand from Road Construction Activities

- Modified bitumen concrete mixture has been an important construction material for roads, airport runways, taxiways, bicycle paths, etc.
- Modifiers, such as binder modifiers and aggregate modifiers, are used to improve the performance of asphalt pavements, in terms of increased resistance to pavement distresses, such as thermal cracking, rutting, stripping etc., thereby prolonging the service life.
- The demand for modified bitumen has been witnessing above-average growth. The demand for bitumen has a direct correlation with the level of ongoing road construction activities
- The United Kingdom has major infrastructure projects in the construction industry, which involve the investments of USD 1.5 billion. The projects involve the development of a road to the East of England and freight route to the Port of Felixstowe.
- Apart from the above-mentioned activities, other road expansion activities are also planned in the regions of France, Italy, and Nordic, among others.
- These factors are expected to ensure that copious volumes of modified bitumen are used in pavement applications.

Germany to Dominate the Market in European Region

- Germany had the largest market for modified bitumen in Europe, which is expected to increase during the forecast period. Germany has the largest construction industry in Europe.
- Growing investments in infrastructural projects such as high-capacity transport infrastructure for passenger and freight transport, structural maintenance of the existing road, rail, and waterway networks, and revision in federal government energy policies to attract more private investment have increased the consumption of modified bitumen in the recent years.
- Under the 2030 Federal Transport Infrastructure Plan (FTIP), the government has planned to invest EUR 260 billion between 2016 and 2030 for high capacity transport network of which the road mode accounts for 49.3 %, the rail mode accounts for 41.6 % and the waterway mode accounts for 9.1 % of funds. This planned investment in various infrastructural projects is estimated to increase the market for modified bitumen during the forecast period.
- In addition, growing need for structural maintenance of federal trunk road infrastructure due to growing stresses & strains and increasing age of the road and bridge fabric, increase in investment to upgrade existing rail network, and rising necessity to replace physical structures on the federal waterways is expected to increase the demand for modified bitumen.
- Furthermore, the growth is supported by lower interest rates, increase in real disposable incomes, and numerous investments by the European Union and the German Government. All the factors are estimated to boost the demand for modified bitumen in the country during the forecast period.

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What are the market factors that are explained in the report?

Executive Summary: It includes key trends of the global Europe Modified Bitumen market related to products, applications, and other crucial factors. It also provides an analysis of the competitive landscape and CAGR and market size of the global Personal Protective Equipment market based on production and revenue.

Production and Consumption by Region: It covers all regional markets focusing on the research study. It discusses prices and key players besides production and consumption in each regional market.

Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the global Europe Modified Bitumen market.

Market Segments: This part of the report discusses product type and application segments of the global Europe Modified Bitumen market based on market share, CAGR, market size, and various other factors.

Research Methodology: This section discusses the research methodology and approaches Europe Modified Bitumen used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.

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Finally, the Europe Modified Bitumen Market report is the believable source for gaining Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and Market development rate and figure, and so on. This report additionally Present a new task SWOT examination, speculation attainability investigation, and venture return investigation.

Note: All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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