Press release
Modified Bitumen Market 2021| SBS, APP, Crumb Rubber, Natural Rubber
Modified Bitumen
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The global modified bitumen market is projected to reach USD 19.29 billion by 2021, at a CAGR of 6.5% from 2016 to 2021. The growth of the market is attributed to the growing construction industry in emerging nations, cost-effectiveness of modified bitumen, and increasing demand for modified bitumen in regions such as Asia-Pacific and the Middle East & Africa. Modified bitumen is largely used in road construction. In addition, rising awareness about the benefits of modified bitumen is also fueling the demand.
Modified bitumen is produced by blending normal bitumen with suitable polymers and other additives to improve the inherent properties of bitumen. The major modifiers used are atactic polypropylene (APP), styrene-butadiene-styrene (SBS), crumb rubber, and natural rubber. SBS is the most widely used modifier.SBS modified bitumen can deal with the stress created by temperature fluctuation, normal expansion and contraction. These factors acts as a major driver for the use of SBS.
Breakdown of Primaries:
• By Company Type: Tier 1 (43%), Tier 2 (36%), and Tier 3 (21%).
• By Designation: C-level (21%), Director Level (29%), and Others (50%).
• By Region: North America (36%),Europe (36%), Asia-Pacific (21%),and RoW (7%)
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Key points from table of content:
Company Profiles :
• Sika AG
• Nynas AB
• Total S.A.
• Royal Dutch Shell PLC
• Colas S.A.
• Hindustan Colas Private Limited
• Soprema Group
• The DOW Chemical Company
• GAF Materials Corporation
• Gazprom Neft PJSC
• PJSC Rosneft Oil Company
• Saint-Gobain Weber
• Orlen Asfalt SP. Z.O.O.
• Exxonmobil Corporation
• W.R.Grace and Company
• Firestone Building Products Company
• Fosroc International Limited
• Lagan Asphalt Group
• Bitumina Group
• Global Road Technology
• Texsa Systems SLU
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