Press release
Polymer Modified Bitumen (PMB) Market Size to Boost USD 18.94 Billion By 2032 | CAGR 4.6% - Published by Emergen Research
Polymer Modified Bitumen (PMB) Market
The Polymer Modified Bitumen (PMB) Market is witnessing a surge in demand owing to the increasing need for durable and high-performance road construction materials. PMB is a specialized form of bitumen infused with polymers to enhance its properties such as elasticity, strength, and resistance to deformation and cracking. Widely used in road paving, roofing, waterproofing, and industrial applications, PMB is gaining traction for its superior performance characteristics. The market's growth is further propelled by rising investments in infrastructure development, urbanization trends, and the growing focus on sustainable construction practices globally.
The latest research report serves as a perfect example of the precise analysis of the global Polymer Modified Bitumen (PMB) Market. It includes the ToC, list of tables and figures, research methodology, geographic segmentation, competitive landscape, future developments, and technological innovation. Moreover, the report offers the latest coverage of the massive impact of the COVID-19 pandemic on the worldwide Polymer Modified Bitumen (PMB) industry.
Request Free Sample Copy (To Understand the Complete Structure of this Report [Summary + TOC]) @ https://www.emergenresearch.com/request-sample/2364
Drivers of the Polymer Modified Bitumen (PMB) Market :
Several factors are driving the growth of the Polymer Modified Bitumen (PMB) Market. Notably, the escalating demand for road construction and maintenance activities, fueled by population growth, urbanization, and government initiatives to upgrade transportation infrastructure, is a significant driver. PMB offers improved durability and performance compared to conventional bitumen, making it an ideal choice for constructing roads subjected to heavy traffic loads and harsh environmental conditions. Additionally, heightened awareness of environmental concerns and the need for eco-friendly construction materials are driving the adoption of PMB, which boasts lower energy consumption and environmental impact compared to traditional alternatives.
Restraints and Challenges
Despite its promising growth trajectory, the Polymer Modified Bitumen (PMB) Market faces certain restraints. Chief among these is the volatility in raw material prices, particularly polymers and bitumen. Fluctuations in oil prices and the availability of high-quality polymers can significantly impact the production cost of PMB, posing challenges for manufacturers in maintaining competitive pricing. Moreover, navigating the complex regulatory landscape and compliance requirements across different regions and countries presents hurdles for market players. Overcoming these challenges while ensuring product quality and regulatory compliance remains crucial for sustained market growth.
Emergen Research is Offering Limited Time Discount (Grab a Copy at Discounted Price Now) @ https://www.emergenresearch.com/request-discount/2364
The report also discusses the key players involved in the market such as:
Benzene International Pte Ltd., Breedon Group Plc, RAHA Bitumen, Inc., Alma Petroli, Nynas AB, Royal Dutch Shell PLC, Exxon Mobil Corporation, Repsol, TotalEnergies, Colas Ltd., Gazprom Neft, Sika AG, and Phoenix Asphalt.
The report provides a thorough estimation of the overall impact of the pandemic on the Polymer Modified Bitumen (PMB) Market and its vital segments. The report also discusses the impact of the pandemic across different regions of the market. It also offers a current and future assessment of the impact of the pandemic on the Polymer Modified Bitumen (PMB) Market
Polymer Modified Bitumen (PMB) Latest Industry News
On 4 July 2023, Phoenix Asphalt Philippines, Inc., a subsidiary of the publicly traded company Phoenix Petroleum Philippines Inc., launched a new asphalt product, referred to as Polymer Modified Bitumen (PMB), which is a type of bitumen enhanced with the inclusion of polymers. This addition provides the PMB with increased durability, superior cohesion, and resistance to wear and tear, as well as protection against issues such as stripping and deformation. As a result, it is a highly desirable material for the construction of both highways and airport runways.
On 6 March 2023, Hanson UK is conducting a trial on England's strategic road network, in collaboration with England's road agency National Highways. In this trial, the companies are testing two different asphalt mixtures with sustainable binders. The first mix incorporates Nynas's biogenic binder Nypol RE, while the second mix includes Shell's innovative bio-component binder, Cariphalte CarbonSink. This marks the initial use of Hanson UK's low-carbon CarbonLock asphalt, which features Polymer Modified Bitumen (PMB) bio-binders. This trial is taking place during the resurfacing of A30 Cutteridge to Alphington eastbound project near Exeter in southwest England.
Direct Order Can Be Placed Through This Link [Exclusive Copy] @ https://www.emergenresearch.com/select-license/2364
Polymer Modified Bitumen (PMB) Market Segment Analysis :
Emergen Research has segmented the global polymer modified bitumen market on the basis of type, application, and region:
· Type Outlook (Revenue, USD Billion; 2019-2032)
Thermoplastic Elastomers
Styrene Butadiene Styrene
Styrene Butadiene Rubber
Isobutene Isoprene Copolymer
Styrene Isoprene Styrene
Styrene Ethylene Butadiene Styrene
Others
Thermoplastic Polymers
Ethylene Vinyl Acetate
Ethylene Methyl Acrylate
Ethylene Butyl Acrylate
Polyethylene
Polypropylene
Others
Thermosetting Polymers
Epoxy Resin
Polyurethane Resin
Acrylic Resin
Others
· Application Outlook (Revenue, USD Billion; 2019-2032)
Road Construction
Piping
Roofing
Transportation
Water Proofing
Others
· Regional Outlook (Revenue, USD Billion; 2019-2032)
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Benelux
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of Middle East & Africa
Browse Full Report Description + Research Methodology + Table of Content + Infographics @ https://www.emergenresearch.com/industry-report/polymer-modified-bitumen-market
Contact Us:
Eric Lee
Corporate Sales Specialist
14671 110 Avenue, Surrey, British Columbia, V3R2A9
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Emergen Research Media Citations: https://www.emergenresearch.com/media-citations
Visit for More Insights: https://www.emergenresearch.com/insights
Custom Intelligence services https://www.emergenresearch.com/custom-intelligence
Growth Consulting Services https://www.emergenresearch.com/growth-consultant
About Us:
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Polymer Modified Bitumen (PMB) Market Size to Boost USD 18.94 Billion By 2032 | CAGR 4.6% - Published by Emergen Research here
News-ID: 3481866 • Views: …
More Releases from Emergen research
Global Internet of Things (IoT) in Healthcare Market to Reach USD 299.05 Billion …
The global Internet of Things (IoT) in Healthcare Market was valued at USD 299.05 billion in 2023 and is expected to grow at a CAGR of 16.5% during the forecast period. This growth is fueled by the rising use of connected healthcare devices, increasing demand for early disease detection through remote monitoring, and growing adoption of artificial intelligence (AI) tools within IoT-based healthcare systems.
The market is also benefiting from the…
Global Stem Cell Therapy Market to Reach USD 49.2 Billion by 2034, Growing at 13 …
The global Stem Cell Therapy Market, valued at USD 13.7 billion in 2024, is projected to reach USD 49.2 billion by 2034, expanding at a compound annual growth rate (CAGR) of 13.6%. Growth is being fueled by the rising burden of chronic diseases, rapid progress in cell-based studies, and increasing investments in regenerative medicine and personalized healthcare solutions.
Stem cell therapies offer the ability to repair, replace, or restore damaged tissues…
Artificial Intelligence Strengthens Cybersecurity as Threats Grow More Sophistic …
The global Artificial Intelligence in cybersecurity market size was USD 23.8 Billion in 2023 and is expected to reach a market valuation of USD 29.44 billion by the end of 2024 registering a CAGR of 23.7% during the forecast period. The adoption of Artificial Intelligence (AI) in cybersecurity is rapidly gaining traction as organizations worldwide face increasingly complex and frequent cyber threats. By combining advanced technologies such as Machine Learning…
Global Regenerative Medicine Market to Reach USD 125.6 Billion by 2034, Growing …
The global regenerative medicine market, valued at USD 34.2 billion in 2024, is set to grow to USD 125.6 billion by 2034, expanding at a compound annual growth rate (CAGR) of 13.9%. Growth is being fueled by rising approvals of advanced therapies, strong demand for personalized treatments in cancer and orthopedics, and expanding cell and gene therapy manufacturing across major markets such as North America, Europe, and Asia.
Once seen as…
More Releases for PMB
Growth Drivers of Radiopharmaceutical Production Systems Market 2023-2030 based …
The Radiopharmaceutical Production Systems Market Trends Overview 2023-2030:
A new Report by Worldwide Market Reports, titled "Radiopharmaceutical Production Systems Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2030," offers a comprehensive analysis of the industry, which comprises insights on the Radiopharmaceutical Production Systems market analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market.
This report has a complete table of contents, figures, tables, and charts,…
Radiopharmaceutical Production Systems Market 2023 Will Record Massive Growth, T …
Radiopharmaceutical Production Systems Market Report Study
WMR has announced the addition of Radiopharmaceutical Production Systems Market 2023 Forecast Analysis by Types, Applications, Size, Share, Key Players, and Regions. a new research report to its market research archive. The Radiopharmaceutical Production Systems Market has been thoroughly researched and analysed by industry experts and researchers. The industry is examined at the global, regional, and national levels. The report highlights the primary revenue stream…
Radiopharmaceutical Production Systems Market Incredible Growth, Best Strategies …
This comprehensive Report of the Radiopharmaceutical Production Systems Market provides real information about the statistics and state of the global and regional market. Its scope study extends from the market situation to comparative pricing between the main players, spending in specific market areas, and profits. It represents a comprehensive and succinct analysis report of the main competitor and price statistics with a view to helping beginners establish their place…
Polymer Modified Bitumen (PMB) Market Growth 2020-2025: Total, Shell, SK, Exxon …
Polymer Modified Bitumen (PMB) Industry
Description
Wiseguyreports.Com Adds "Polymer Modified Bitumen (PMB) -Market Demand, Growth, Opportunities and Analysis Of Top Key Player Forecast To 2025" To Its Research Database
The Polymer Modified Bitumen (PMB) market is a growing sector with several subsectors such as design, manufacturing, distribution, and after sales services. In the past, the market had seen an increasing curve in the sales chart, but the past few years have been different.…
Bitumen Market: Growing Application Scope of Polymer Modified Bitumen (PMB) Augm …
The presence of a large number of players makes the global bitumen market a highly fragmented arena. Transparency Market Research (TMR) observes that the majority of key participants are refineries that are forward integrated into the value chain. Companies are focusing towards staying ahead in this highly competitive marketplace by introducing advanced technologies that cater to the requirements of end users.
Apart from this, business expansion is also looked upon…
Russell Bedford US member, PMB Helin Donovan LLP, appoints three more partners
Fast-growing Texas member of international CPA firm network now has 18 partners.
PMB Helin Donovan LLP, the Russell Bedford CPA network member firm in Texas and San Francisco, has appointed three new partners.
Mickey O'Neal, CPA, has been appointed in the Houston office as an audit partner. He has significant SEC and private practice assurance experience. His clients have historically been focused in a variety of industries including…
