Polymer Modified Asphalt Market to Hit USD 14.5 Billion by 2030, Driven by Infrastructure Boom

Los Angeles, United State: The global Polymer Modified Asphalt Market is extensively studied in the report with the intention of helping players to take crucial bottom-line decisions and create strategic action plans. Analysts authoring the report have provided comprehensive and reliable research studies on market feasibility, product positioning, market competition, market positioning, market entry strategies, and various other important subjects. The report also offers accurate and validated forecasts and estimates of the global Polymer Modified Asphalt market. Importantly, players can use it to access industry-best country-specific market intelligence, merger and acquisition target identification studies, intellectual property research, investment research, opportunity analysis, benchmarking studies, and company profiling.

According to the new market research report "Polymer Modified Asphalt - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030", published by QYResearch, the global Polymer Modified Asphalt market size is projected to reach USD 14.5 billion by 2030, at a CAGR of 3.5% during the forecast period.

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According to QYResearch, global key manufacturers of Polymer Modified Asphalt include Total, Shell, ExxonMobil, SK, TIPCO ASPHALT, Nynas, Baolirus, Colas, Xi'an Guolin Industry, Nichireki, etc. In 2023, the global top 10 players had a share approximately 44.0% in terms of revenue.

Market Drivers:

Enhanced Performance: Polymer modified asphalt (PMA) offers superior performance in terms of durability, flexibility, and resistance to deformation and fatigue. This enhances road longevity and reduces maintenance costs, making it an attractive option for infrastructure projects.

Increasing government and private sector investments in infrastructure development are driving the demand for PMA. With more emphasis on sustainable and long-lasting road construction, PMA is gaining popularity.

Restraint:

The production and application of polymer modified asphalt involve higher costs compared to conventional asphalt. This cost factor can be a significant barrier for its adoption, especially in budget-constrained projects.

The manufacturing process of PMA is more complex and requires specialized equipment and expertise. This can limit its production capabilities and increase the time required for project completion.

Opportunity:

The shift towards sustainable construction practices presents a significant opportunity for PMA. Its long-lasting properties and potential for recycling make it a viable option for eco-friendly infrastructure projects.

Ongoing research and technological advancements in the field of polymer modified asphalt can lead to the development of more efficient and cost-effective products, expanding its market reach.

Details of Polymer Modified Asphalt Market Segmentation: -

Segment by Key players:

Total Bitumen
Shell
SK energy
ExxonMobil
TIPCO ASPHALT
Colas
Nynas
Gazprom Neft PJSC
Breedon
Baolirus
Husky Energy
Associated Asphalt
Wright Asphalt Products
Guochuang Hi-tech
Nichireki

Segment by Type:

SBS Modified Asphalt
Plastomer Modified Asphalt
Crumb Rubber Modified Asphalt
Others

Segment by Application:

Road Construction & Paving
Roofing
Others

Regional Analysis:

The report offers a deep geographical study of the global Polymer Modified Asphalt market where growth prospects in key regions and countries are identified to help players expand their market presence. Market drivers for each regional market are broadly analyzed in the report. Moreover, the geographical analysis provided in the report could help readers to become familiar with challenges that are specific to the regional markets analyzed. All the regional and country-wise markets studied in the report are analyzed on the basis of growth rate, value, volume, and other vital factors. This will help readers to gain in-depth knowledge of the regional growth of the Polymer Modified Asphalt market.

Highlights of Report

(1) Market definition, product scope, and overview of the global Polymer Modified Asphalt market

(2) Extensive analysis of market growth, limitations, prospects, risks, and trends

(3) Deep evaluation of market dynamics, including growth drivers, restraints, and opportunities

(4) Comprehensive research on potential changes in sales volume

(5) Competitor analysis with high focus on the business data, product portfolio, market share, and other vital factors that explain the market growth of the players assessed in the report

(6) Special study on changing market dynamics and overall development of the Polymer Modified Asphalt industry

With a view to estimate and verify the size of the global Polymer Modified Asphalt market and various other calculations, our researchers took bottom-up and top-down approaches. They used secondary research to identify key players of the global Polymer Modified Asphalt market. In order to collect key insights about the global Polymer Modified Asphalt market, they interviewed marketing executives, directors, VPs, CEOs, and industry experts. They also gathered information and data from quarterly and annual financial reports of companies. The final qualitative and quantitative data was obtained after analyzing and verifying every parameter affecting the global Polymer Modified Asphalt market and its segments. We used primary sources to verify all breakdowns, splits, and percentage shares after determining them with the help of secondary sources.

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Table of Contents

1 Market Overview
1.1 Polymer Modified Asphalt Product Introduction
1.2 Global Polymer Modified Asphalt Market Size Forecast
1.2.1 Global Polymer Modified Asphalt Sales Value (2020-2031)
1.2.2 Global Polymer Modified Asphalt Sales Volume (2020-2031)
1.2.3 Global Polymer Modified Asphalt Sales Price (2020-2031)
1.3 Polymer Modified Asphalt Market Trends & Drivers
1.3.1 Polymer Modified Asphalt Industry Trends
1.3.2 Polymer Modified Asphalt Market Drivers & Opportunity
1.3.3 Polymer Modified Asphalt Market Challenges
1.3.4 Polymer Modified Asphalt Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered

2 Competitive Analysis by Company
2.1 Global Polymer Modified Asphalt Players Revenue Ranking (2024)
2.2 Global Polymer Modified Asphalt Revenue by Company (2020-2025)
2.3 Global Polymer Modified Asphalt Players Sales Volume Ranking (2024)
2.4 Global Polymer Modified Asphalt Sales Volume by Company Players (2020-2025)
2.5 Global Polymer Modified Asphalt Average Price by Company (2020-2025)
2.6 Key Manufacturers Polymer Modified Asphalt Manufacturing Base and Headquarters
2.7 Key Manufacturers Polymer Modified Asphalt Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Polymer Modified Asphalt
2.9 Polymer Modified Asphalt Market Competitive Analysis
2.9.1 Polymer Modified Asphalt Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Polymer Modified Asphalt Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Polymer Modified Asphalt as of 2024)
2.10 Mergers & Acquisitions, Expansion

3 Segmentation by Type
3.1 Introduction by Type
3.1.1 SBS Modified Asphalt
3.1.2 Plastomer Modified Asphalt
3.1.3 Crumb Rubber Modified Asphalt
3.1.4 Others
3.2 Global Polymer Modified Asphalt Sales Value by Type
3.2.1 Global Polymer Modified Asphalt Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Polymer Modified Asphalt Sales Value, by Type (2020-2031)
3.2.3 Global Polymer Modified Asphalt Sales Value, by Type (%) (2020-2031)
3.3 Global Polymer Modified Asphalt Sales Volume by Type
3.3.1 Global Polymer Modified Asphalt Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Polymer Modified Asphalt Sales Volume, by Type (2020-2031)
3.3.3 Global Polymer Modified Asphalt Sales Volume, by Type (%) (2020-2031)
3.4 Global Polymer Modified Asphalt Average Price by Type (2020-2031)

4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Road Construction & Paving
4.1.2 Roofing
4.1.3 Others
4.2 Global Polymer Modified Asphalt Sales Value by Application
4.2.1 Global Polymer Modified Asphalt Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Polymer Modified Asphalt Sales Value, by Application (2020-2031)
4.2.3 Global Polymer Modified Asphalt Sales Value, by Application (%) (2020-2031)
4.3 Global Polymer Modified Asphalt Sales Volume by Application
4.3.1 Global Polymer Modified Asphalt Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Polymer Modified Asphalt Sales Volume, by Application (2020-2031)
4.3.3 Global Polymer Modified Asphalt Sales Volume, by Application (%) (2020-2031)
4.4 Global Polymer Modified Asphalt Average Price by Application (2020-2031)

5 Segmentation by Region
5.1 Global Polymer Modified Asphalt Sales Value by Region
5.1.1 Global Polymer Modified Asphalt Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Polymer Modified Asphalt Sales Value by Region (2020-2025)
5.1.3 Global Polymer Modified Asphalt Sales Value by Region (2026-2031)
5.1.4 Global Polymer Modified Asphalt Sales Value by Region (%), (2020-2031)
5.2 Global Polymer Modified Asphalt Sales Volume by Region
5.2.1 Global Polymer Modified Asphalt Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Polymer Modified Asphalt Sales Volume by Region (2020-2025)
5.2.3 Global Polymer Modified Asphalt Sales Volume by Region (2026-2031)
5.2.4 Global Polymer Modified Asphalt Sales Volume by Region (%), (2020-2031)
5.3 Global Polymer Modified Asphalt Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Polymer Modified Asphalt Sales Value, 2020-2031
5.4.2 North America Polymer Modified Asphalt Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Polymer Modified Asphalt Sales Value, 2020-2031
5.5.2 Europe Polymer Modified Asphalt Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Polymer Modified Asphalt Sales Value, 2020-2031
5.6.2 Asia Pacific Polymer Modified Asphalt Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Polymer Modified Asphalt Sales Value, 2020-2031
5.7.2 South America Polymer Modified Asphalt Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Polymer Modified Asphalt Sales Value, 2020-2031
5.8.2 Middle East & Africa Polymer Modified Asphalt Sales Value by Country (%), 2024 VS 2031

6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Polymer Modified Asphalt Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Polymer Modified Asphalt Sales Value
6.2.1 Key Countries/Regions Polymer Modified Asphalt Sales Value, 2020-2031
6.2.2 Key Countries/Regions Polymer Modified Asphalt Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Polymer Modified Asphalt Sales Value, 2020-2031
6.3.2 United States Polymer Modified Asphalt Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Polymer Modified Asphalt Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Polymer Modified Asphalt Sales Value, 2020-2031
6.4.2 Europe Polymer Modified Asphalt Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Polymer Modified Asphalt Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Polymer Modified Asphalt Sales Value, 2020-2031
6.5.2 China Polymer Modified Asphalt Sales Value by Type (%), 2024 VS 2031
6.5.3 China Polymer Modified Asphalt Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Polymer Modified Asphalt Sales Value, 2020-2031
6.6.2 Japan Polymer Modified Asphalt Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Polymer Modified Asphalt Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Polymer Modified Asphalt Sales Value, 2020-2031
6.7.2 South Korea Polymer Modified Asphalt Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Polymer Modified Asphalt Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Polymer Modified Asphalt Sales Value, 2020-2031
6.8.2 Southeast Asia Polymer Modified Asphalt Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Polymer Modified Asphalt Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Polymer Modified Asphalt Sales Value, 2020-2031
6.9.2 India Polymer Modified Asphalt Sales Value by Type (%), 2024 VS 2031
6.9.3 India Polymer Modified Asphalt Sales Value by Application, 2024 VS 2031

7 Company Profiles
7.1 Total Bitumen
7.1.1 Total Bitumen Company Information
7.1.2 Total Bitumen Introduction and Business Overview
7.1.3 Total Bitumen Polymer Modified Asphalt Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 Total Bitumen Polymer Modified Asphalt Product Offerings
7.1.5 Total Bitumen Recent Development
7.2 Shell
7.2.1 Shell Company Information
7.2.2 Shell Introduction and Business Overview
7.2.3 Shell Polymer Modified Asphalt Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 Shell Polymer Modified Asphalt Product Offerings
7.2.5 Shell Recent Development
7.3 SK energy
7.3.1 SK energy Company Information
7.3.2 SK energy Introduction and Business Overview
7.3.3 SK energy Polymer Modified Asphalt Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 SK energy Polymer Modified Asphalt Product Offerings
7.3.5 SK energy Recent Development
7.4 ExxonMobil
7.4.1 ExxonMobil Company Information
7.4.2 ExxonMobil Introduction and Business Overview
7.4.3 ExxonMobil Polymer Modified Asphalt Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 ExxonMobil Polymer Modified Asphalt Product Offerings
7.4.5 ExxonMobil Recent Development
7.5 TIPCO ASPHALT
7.5.1 TIPCO ASPHALT Company Information
7.5.2 TIPCO ASPHALT Introduction and Business Overview
7.5.3 TIPCO ASPHALT Polymer Modified Asphalt Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 TIPCO ASPHALT Polymer Modified Asphalt Product Offerings
7.5.5 TIPCO ASPHALT Recent Development
7.6 Colas
7.6.1 Colas Company Information
7.6.2 Colas Introduction and Business Overview
7.6.3 Colas Polymer Modified Asphalt Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 Colas Polymer Modified Asphalt Product Offerings
7.6.5 Colas Recent Development
7.7 Nynas
7.7.1 Nynas Company Information
7.7.2 Nynas Introduction and Business Overview
7.7.3 Nynas Polymer Modified Asphalt Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 Nynas Polymer Modified Asphalt Product Offerings
7.7.5 Nynas Recent Development
7.8 Gazprom Neft PJSC
7.8.1 Gazprom Neft PJSC Company Information
7.8.2 Gazprom Neft PJSC Introduction and Business Overview
7.8.3 Gazprom Neft PJSC Polymer Modified Asphalt Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 Gazprom Neft PJSC Polymer Modified Asphalt Product Offerings
7.8.5 Gazprom Neft PJSC Recent Development
7.9 Breedon
7.9.1 Breedon Company Information
7.9.2 Breedon Introduction and Business Overview
7.9.3 Breedon Polymer Modified Asphalt Sales, Revenue, Price and Gross Margin (2020-2025)
7.9.4 Breedon Polymer Modified Asphalt Product Offerings
7.9.5 Breedon Recent Development
7.10 Baolirus
7.10.1 Baolirus Company Information
7.10.2 Baolirus Introduction and Business Overview
7.10.3 Baolirus Polymer Modified Asphalt Sales, Revenue, Price and Gross Margin (2020-2025)
7.10.4 Baolirus Polymer Modified Asphalt Product Offerings
7.10.5 Baolirus Recent Development
7.11 Husky Energy
7.11.1 Husky Energy Company Information
7.11.2 Husky Energy Introduction and Business Overview
7.11.3 Husky Energy Polymer Modified Asphalt Sales, Revenue, Price and Gross Margin (2020-2025)
7.11.4 Husky Energy Polymer Modified Asphalt Product Offerings
7.11.5 Husky Energy Recent Development
7.12 Associated Asphalt
7.12.1 Associated Asphalt Company Information
7.12.2 Associated Asphalt Introduction and Business Overview
7.12.3 Associated Asphalt Polymer Modified Asphalt Sales, Revenue, Price and Gross Margin (2020-2025)
7.12.4 Associated Asphalt Polymer Modified Asphalt Product Offerings
7.12.5 Associated Asphalt Recent Development
7.13 Wright Asphalt Products
7.13.1 Wright Asphalt Products Company Information
7.13.2 Wright Asphalt Products Introduction and Business Overview
7.13.3 Wright Asphalt Products Polymer Modified Asphalt Sales, Revenue, Price and Gross Margin (2020-2025)
7.13.4 Wright Asphalt Products Polymer Modified Asphalt Product Offerings
7.13.5 Wright Asphalt Products Recent Development
7.14 Guochuang Hi-tech
7.14.1 Guochuang Hi-tech Company Information
7.14.2 Guochuang Hi-tech Introduction and Business Overview
7.14.3 Guochuang Hi-tech Polymer Modified Asphalt Sales, Revenue, Price and Gross Margin (2020-2025)
7.14.4 Guochuang Hi-tech Polymer Modified Asphalt Product Offerings
7.14.5 Guochuang Hi-tech Recent Development
7.15 Nichireki
7.15.1 Nichireki Company Information
7.15.2 Nichireki Introduction and Business Overview
7.15.3 Nichireki Polymer Modified Asphalt Sales, Revenue, Price and Gross Margin (2020-2025)
7.15.4 Nichireki Polymer Modified Asphalt Product Offerings
7.15.5 Nichireki Recent Development

8 Industry Chain Analysis
8.1 Polymer Modified Asphalt Industrial Chain
8.2 Polymer Modified Asphalt Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Polymer Modified Asphalt Sales Model
8.5.2 Sales Channel
8.5.3 Polymer Modified Asphalt Distributors

9 Research Findings and Conclusion

10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer

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