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Modified Bitumen Market: COVID-19 Impact and Global Analysis Forecast to 2028

Published Date: May 2021

No. of Pages: 201

Status: Upcoming

Report Code: EMR100206

Modified bitumen is synthetically intended to give ideal properties that they can offer. One of the all the more usually wanted properties in changed bitumen is high imperviousness to lasting disfigurement, particularly on account of blends of black-top that is being utilized to make streets in areas that are brutal or hold a high activity stream. The utilization of changing folios in ordinary bitumen enables it to be impervious to different factors, for example, breaking, rutting, maturing, stripping, and warm gaps. The general reason for assembling modified bitumen is a blend of numerous focal points, including the change of versatility of the bitumen, the expansion in its normal life expectancy, the diminishment in support rates and expenses, to enhance waste properties now and again, and to give more prominent adaptability. The present development and modern development rates across the globe are not just making a more prominent interest for modified bitumen, but at the same time are producing the extent of utilizing changed bitumen in new regions.

The Increase in building renovations and rebuilding will be one of the essential drivers for the market's development. Also, the interest for bitumen in street developments, the market is additionally seeing an expanded interest for bitumen in building redesigns and renovating. With the ascent in costs of houses expanding the global interest for repairing and rebuilding houses, there will be an impressive increment in the interest for changed bitumen particularly to roof strategies. Moreover, the expansion in work rates in nations, for example, India and China will likewise drive the interest for modified bitumen. One of the most recent patterns that will pick up footing in the global modified bitumen market is simply the use followed items. Self-followed modified bitumen cushions have demonstrated an enduring pattern in the utilization design as an update on material strategies and is utilized for ice dam protection for shingle rooftops. Self-followed items offer advantages like the simplicity of establishment, answer for imperviousness to fire, and are utilized as base sheets and top sheets for waterproofing films.

The global modified bitumen market can be segmented on basis of modifier type, method, end-user industry and geography. On the basis of modified bitumen modifier type, the global modified bitumen market can be segmented into styrene-butadiene-styrene (SBS), natural rubber, crumb rubber, atactic polypropylene (APP) and others. On the basis of method, the global modified bitumen market can be segmented into Cold asphalt method, hot asphalt method, torch applied method and others. On the basis of end-user industry, the global modified bitumen market can be segmented into building and construction, road construction and others. On the basis of geography, the global modified bitumen market can be segmented into Asia-Pacific, Europe, North America, and Rest of the World.

Some of the key players operating in the global modified bitumen market include Sika AG, Nynas AB, Total S.A, Royal Dutch Shell PLC, Ooms Avenhorn Holding India Pvt Ltd., Tiki Tar Industries, Offshore Petrochem Pvt Ltd., AMT Techno, Maruti Group and MBD Industries among others.

The global modified bitumen market can be segmented

By Modifier Type:
• Styrene-Butadiene-styrene (SBS)
• Natural rubber
• Crumb rubber
• Atactic Polypropylene (APP)
• Others

By Method:
• Cold asphalt method
• Hot asphalt method
• Torch applied method
• Others

By End-User Industry:
• Building and construction
• Road construction
• Others

By Region:
• Asia-Pacific
• Europe
• North America
• Rest of the World

The Leading Key Players in Modified Bitumen Market

Sika AG
Nynas AB
Total S.A
Royal Dutch Shell PLC
Ooms Avenhorn Holding India Pvt Ltd.
Tiki Tar Industries
Offshore Petrochem Pvt Ltd.
AMT Techno
Maruti Group
MBD Industries