Modified Bitumen Market worth 19.29 Billion USD by 2021- Exclusive Report By MarketsandMarkets

 

The global modified bitumen market was valued at USD 13.22 Billion in 2015 and is projected to reach USD 19.29 Billion by 2021, at a CAGR of 6.5% from 2016 to 2021. The report "Modified Bitumen Market by Modifier Type (SBS, APP, Crumb Rubber, Natural Rubber), Application Method (Hot Asphalt, Cold Asphalt, Torch-Applied), End-Use Industry (Road Construction, Building Construction), and Region - Global Forecast to 2021"

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Browse 114 market data tables and 61 figures spread through 211 pages and in-depth TOC on “Modified Bitumen Market by Modifier Type (SBS, APP, Crumb Rubber, Natural Rubber), Application Method (Hot Asphalt, Cold Asphalt, Torch-Applied), End-Use Industry (Road Construction, Building Construction), and Region - Global Forecast to 2021”
https://www.marketsandmarkets.com/Market-Reports/modified-bitumen-market-77730709.html

The use of modified bitumen has increased in road and building construction in Asia-Pacific and the Middle East & Africa regions, owing to the growing awareness about the benefits of modified bitumen such as low maintenance cost and efficiency.

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The Styrene-Butadiene-Styrene (SBS) segment is estimated to be the largest segment of the modified bitumen market, by modifier type, in terms of value and volume. SBS is a premier modifier used for road construction in places with heavy traffic to reduce low temperature thermal stress cracking, abrasion, deformation, flushing, and to provide high tensile strength. SBS modified bitumen and Atactic Polypropylene (APP) modified bitumen is commonly applied via hot asphalt method.

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Modified bitumen has been widely used in the road construction, where high material performances is required. Modified bitumen are used for road construction which includes tunnel liners, bridges & flyovers, highways, and airport runways.

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