Press release
Polymer Modified Bitumen Market Overview, Trends, Growth, Demand, Key Players Analysis and Forecast to 2031 | Juno Bitumix Pvt. Ltd., Gazprom NEFT, Sika AG
Polymer Modified Bitumen Market
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Polymer-modified bitumen (PMB) is a type of bitumen that has been treated with one or more polymers in order to improve its properties. The most common polymers used for this purpose are styrene-butadiene-styrene (SBS) and atactic polypropylene (APP).
Key Trends:
There are two key trends in Polymer Modified Bitumen (PMB) technology:
1. The use of high-performance polymers to improve the performance of bitumen binders.
2. The development of new binders that are specifically designed for use in PMBs.
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Key Drivers:
The main drivers for the global polymer modified bitumen market are the growing demand from the road construction industry and the superior properties of PMB compared to conventional bitumen. PMB is designed to improve the performance of bitumen in a number of ways, including resistance to fatigue, cracking, rutting, and thermal cracking. It can also improve the adhesion of bitumen to aggregates and improve the flexibility of bitumen at low temperatures.
Market Segments:
The polymer-modified bitumen market is segmented by type, end-use, and region. By type, the market is classified into oxidized bitumen, bitumen emulsion, and others. Based on end-use, it is bifurcated into road construction, waterproofing, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.
Key Players:
The global polymer-modified bitumen market includes players such as Juno Bitumix Pvt. Ltd., Gazprom NEFT, Sika AG, Royal Dutch Shell PLC, Benzene International Pte Ltd., Lagan Asphalt Group, Exxon Mobil, Indian Oil Corporation Ltd., Hindustan Petroleum Corporation Ltd., Total SA, and others.
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