Modified Bitumen Market to Exhibit a Remarkable CAGR of 5.60% by 2028, Size, Share, Trends, Key Drivers, Demand, Opportunity Analysis and Competitive Outlook

Modified bitumen market will grow at a rate of 5.60% for the forecast period of 2021 to 2028. Rising adoption for modified bitumen across various end-use industries including road and building construction is a vital factor driving the growth of modified bitumen market.

Market Definition:

Bitumen is a type of black viscous mixture which is obtained for the fractional distillation of crude and is a crucial component of the asphalt, that is used to build roads, streets and other part of infrastructure. Modified bitumen is defined as a chemically design which is to offer optimum properties and one of the key properties in modified bitumen is its increased resistance to permanent deformation specially in case of mixtures of asphalt used to create roads in the harsh or high traffic flow location.

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The major players covered in the modified bitumen market report are BITUMINA HI-TECH PAVEMENT BINDERS LLC, Colas Group, Dow, Exxon Mobil Corporation., Firestone Building Products, Fosroc, Inc, GAF, Gazprom Neft PJSC, Global Road Technology International Holdings (HK) Limited, Hincol, Breedon Group plc, Nynas AB, Orlen Asfalt Sp. z o.o, ROSNEFT, Royal Dutch Shell, Saint-Gobain Weber., Sika AG, SOPREMA S.A.S, Texsa Systems slu, Total SE and W. R. Grace & Co.-Conn. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Competitive Landscape and Modified Bitumen Market Share Analysis:

Modified bitumen market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to modified bitumen market.

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