
Polymer Modified Bitumen (PMB) is a type of modified bitumen that is highly resistant to fatigue, deformations, and cracking, making it ideal for use in the construction of roads, highways, and other infrastructure projects. PMB is made by adding polymer to the bitumen, usually styrene-butadiene-styrene (SBS), polypropylene (PP), or ethylene vinyl acetate (EVA) to improve its performance.
The global PMB market is expected to reach US$11520 million by 2022, growing at a CAGR of 4.7%. The increasing government investment in infrastructure projects, the growth in the construction industry, and the rise in urbanization are the key drivers for the growth of the PMB market. PMB is mainly used in road construction and paving, roofing, and other applications such as bridge joints, airport runways, and parking areas.
The road construction and paving segment dominates the PMB market with a significant market share, owing to the growing demand for durable and long-lasting roads that can withstand heavy traffic loads and extreme weather conditions. The roofing segment is also expected to witness substantial growth, owing to the increasing demand for energy-efficient and eco-friendly roofing materials.
The global PMB market is highly competitive, with a few key players dominating the market. Total, Shell, SK, Exxon Mobil, TIPCO ASPHALT, Colas, Nynas, Gazprom Neft PJSC, Lagan Asphalt Group, Baolirus, Guochuang Hi-tech, and Xi'an Guolin Industry are some of the major global manufacturers. These players are focusing on new product development, strategic partnerships, and mergers and acquisitions to expand their market share and gain a competitive edge.
However, the PMB market faces some challenges such as the high cost of production and the volatile prices of raw materials used in the manufacturing process. The availability of alternative materials, such as asphalt emulsions, can also limit the growth of the PMB market.
In conclusion, the PMB market is expected to grow significantly in the coming years, driven by the increasing demand for durable and long-lasting infrastructure materials. The market is dominated by a few key players, who are continuously developing new products and technologies to gain a competitive advantage. However, the market faces certain challenges such as high production costs and competition from alternative materials, which may limit its growth potential.
The SWOT analysis of the Polymer Modified Bitumen industry is as follows:
Strengths:
1. Excellent durability: Polymer Modified Bitumen (PMB) has superior resistance to water, temperature fluctuations, and aging, making it a durable and long-lasting material.
2. Improved performance: PMB improves the performance of asphalt pavements by increasing their stiffness, resistance to fatigue, and reduced cracking.
3. Versatility: PMB can be used in a wide range of applications, including road construction, roofing, and waterproofing.
4. Environmentally friendly: The use of PMB in road construction has been shown to reduce the frequency of road repairs, leading to reduced waste and environmental impact.
5. Easy application: PMB can be applied easily using conventional equipment for asphalt paving.
Weaknesses:
1. Costly: The use of PMB can increase the overall cost of construction projects and may not be cost-effective for smaller projects.
2. Limited availability: PMB production is limited and requires specific technology and expertise, leading to limited supply and higher costs.
3. Limited standardization: Lack of standardization in PMB production, application, and testing can create inconsistencies and uncertainty in the industry.
Opportunities:
1. Increasing demand: The increasing demand for durable, high-performance, and sustainable road infrastructure is driving the growth of the PMB industry.
2. Growing infrastructure development: The surge in infrastructure development in emerging economies presents a significant opportunity for the PMB industry to expand.
3. Technological advancements: Advancements in technology and research are expected to improve the quality, consistency, and durability of PMB, leading to a wider range of applications.
Threats:
1. Economic uncertainty: Economic uncertainty and fluctuating oil prices can affect PMB production and demand and lead to market instability.
2. Competition: Competition from alternative materials and technologies may affect the growth of the PMB industry.
3. Limited regulations: The lack of regulations for PMB production, application, and testing can lead to inconsistent quality standards and damage the reputation of the industry.
Key players in global Polymer Modified Bitumen market include:
Total
Shell
SK
Exxon Mobil
TIPCO ASPHALT
Colas
Nynas
Gazprom Neft PJSC
Lagan Asphalt Group
Baolirus
Guochuang Hi-tech
Xi'an Guolin Industry
Market segmentation, by product types:
SBS Modified Bitumen
Plastomer Modified Bitumen
Crumb Rubber Modified Bitumen
Others
Market segmentation, by applications:
Road Construction & Paving
Roofing
Others
1 Industry Overview of Polymer Modified Bitumen
1.1 Research Scope
1.2 Market Segmentation by Types of Polymer Modified Bitumen
1.3 Market Segmentation by End Users of Polymer Modified Bitumen
1.4 Market Dynamics Analysis of Polymer Modified Bitumen
1.4.1 Market Drivers
1.4.2 Market Challenges
1.4.3 Market Opportunities
1.4.4 Porter’s Five Forces
2 Major Manufacturers Analysis of Polymer Modified Bitumen Industry
2.1 Total
2.1.1 Company Overview
2.1.2 Main Products and Specifications
2.1.3 Polymer Modified Bitumen Sales Volume, Revenue, Price and Gross Margin (2018-2023)
2.1.4 Contact Information
2.2 Shell
2.2.1 Company Overview
2.2.2 Main Products and Specifications
2.2.3 Polymer Modified Bitumen Sales Volume, Revenue, Price and Gross Margin (2018-2023)
2.2.4 Contact Information
2.3 SK
2.3.1 Company Overview
2.3.2 Main Products and Specifications
2.3.3 Polymer Modified Bitumen Sales Volume, Revenue, Price and Gross Margin (2018-2023)
2.3.4 Contact Information
2.4 Exxon Mobil
2.4.1 Company Overview
2.4.2 Main Products and Specifications
2.4.3 Polymer Modified Bitumen Sales Volume, Revenue, Price and Gross Margin (2018-2023)
2.4.4 Contact Information
2.5 TIPCO ASPHALT
2.5.1 Company Overview
2.5.2 Main Products and Specifications
2.5.3 Polymer Modified Bitumen Sales Volume, Revenue, Price and Gross Margin (2018-2023)
2.5.4 Contact Information
2.6 Colas
2.6.1 Company Overview
2.6.2 Main Products and Specifications
2.6.3 Polymer Modified Bitumen Sales Volume, Revenue, Price and Gross Margin (2018-2023)
2.6.4 Contact Information
2.7 Nynas
2.7.1 Company Overview
2.7.2 Main Products and Specifications
2.7.3 Polymer Modified Bitumen Sales Volume, Revenue, Price and Gross Margin (2018-2023)
2.7.4 Contact Information
2.8 Gazprom Neft PJSC
2.8.1 Company Overview
2.8.2 Main Products and Specifications
2.8.3 Polymer Modified Bitumen Sales Volume, Revenue, Price and Gross Margin (2018-2023)
2.8.4 Contact Information
2.9 Lagan Asphalt Group
2.9.1 Company Overview
2.9.2 Main Products and Specifications
2.9.3 Polymer Modified Bitumen Sales Volume, Revenue, Price and Gross Margin (2018-2023)
2.9.4 Contact Information
2.10 Baolirus
2.10.1 Company Overview
2.10.2 Main Products and Specifications
2.10.3 Polymer Modified Bitumen Sales Volume, Revenue, Price and Gross Margin (2018-2023)
2.10.4 Contact Information
2.11 Guochuang Hi-tech
2.11.1 Company Overview
2.11.2 Main Products and Specifications
2.11.3 Polymer Modified Bitumen Sales Volume, Revenue, Price and Gross Margin (2018-2023)
2.11.4 Contact Information
2.12 Xi'an Guolin Industry
2.12.1 Company Overview
2.12.2 Main Products and Specifications
2.12.3 Polymer Modified Bitumen Sales Volume, Revenue, Price and Gross Margin (2018-2023)
2.12.4 Contact Information
3 Global Polymer Modified Bitumen Market Analysis by Regions, Manufacturers, Types and End Users
3.1 Global Sales Volume and Revenue of Polymer Modified Bitumen by Regions (2018-2023)
3.2 Global Sales Volume and Revenue of Polymer Modified Bitumen by Manufacturers (2018-2023)
3.3 Global Sales Volume and Revenue of Polymer Modified Bitumen by Types (2018-2023)
3.4 Global Sales Volume and Revenue of Polymer Modified Bitumen by End Users (2018-2023)
3.5 Selling Price Analysis of Polymer Modified Bitumen by Regions, Manufacturers, Types and End Users in (2018-2023)
4 Northern America Polymer Modified Bitumen Market Analysis by Countries, Types and End Users
4.1 Northern America Polymer Modified Bitumen Sales Volume and Revenue Analysis by Countries (2018-2023)
4.2 Northern America Polymer Modified Bitumen Sales Volume and Revenue Analysis by Types (2018-2023)
4.3 Northern America Polymer Modified Bitumen Sales Volume and Revenue Analysis by End Users (2018-2023)
4.4 United States Polymer Modified Bitumen Sales Volume, Revenue, Import and Export Analysis (2018-2023)
4.5 Canada Polymer Modified Bitumen Sales Volume, Revenue, Import and Export Analysis (2018-2023)
5 Europe Polymer Modified Bitumen Market Analysis by Countries, Types and End Users
5.1 Europe Polymer Modified Bitumen Sales Volume and Revenue Analysis by Countries (2018-2023)
5.2 Europe Polymer Modified Bitumen Sales Volume and Revenue Analysis by Types (2018-2023)
5.3 Europe Polymer Modified Bitumen Sales Volume and Revenue Analysis by End Users (2018-2023)
5.4 Germany Polymer Modified Bitumen Sales Volume, Revenue, Import and Export Analysis (2018-2023)
5.5 France Polymer Modified Bitumen Sales Volume, Revenue, Import and Export Analysis (2018-2023)
5.6 UK Polymer Modified Bitumen Sales Volume, Revenue, Import and Export Analysis (2018-2023)
5.7 Italy Polymer Modified Bitumen Sales Volume, Revenue, Import and Export Analysis (2018-2023)
5.8 Russia Polymer Modified Bitumen Sales Volume, Revenue, Import and Export Analysis (2018-2023)
5.9 Spain Polymer Modified Bitumen Sales Volume, Revenue, Import and Export Analysis (2018-2023)
5.10 Netherlands Polymer Modified Bitumen Sales Volume, Revenue, Import and Export Analysis (2018-2023)
6 Asia Pacific Polymer Modified Bitumen Market Analysis by Countries, Types and End Users
6.1 Asia Pacific Polymer Modified Bitumen Sales Volume and Revenue Analysis by Countries (2018-2023)
6.2 Asia Pacific Polymer Modified Bitumen Sales Volume and Revenue Analysis by Types (2018-2023)
6.3 Asia Pacific Polymer Modified Bitumen Sales Volume and Revenue Analysis by End Users (2018-2023)
6.4 China Polymer Modified Bitumen Sales Volume, Revenue, Import and Export Analysis (2018-2023)
6.5 Japan Polymer Modified Bitumen Sales Volume, Revenue, Import and Export Analysis (2018-2023)
6.6 Korea Polymer Modified Bitumen Sales Volume, Revenue, Import and Export Analysis (2018-2023)
6.7 India Polymer Modified Bitumen Sales Volume, Revenue, Import and Export Analysis (2018-2023)
6.8 Australia Polymer Modified Bitumen Sales Volume, Revenue, Import and Export Analysis (2018-2023)
6.9 Indonesia Polymer Modified Bitumen Sales Volume, Revenue, Import and Export Analysis (2018-2023)
6.10 Vietnam Polymer Modified Bitumen Sales Volume, Revenue, Import and Export Analysis (2018-2023)
7 Latin America Polymer Modified Bitumen Market Analysis by Countries, Types and End Users
7.1 Latin America Polymer Modified Bitumen Sales Volume and Revenue Analysis by Countries (2018-2023)
7.2 Latin America Polymer Modified Bitumen Sales Volume and Revenue Analysis by Types (2018-2023)
7.3 Latin America Polymer Modified Bitumen Sales Volume and Revenue Analysis by End Users (2018-2023)
7.4 Brazil Polymer Modified Bitumen Sales Volume, Revenue, Import and Export Analysis (2018-2023)
7.5 Mexico Polymer Modified Bitumen Sales Volume, Revenue, Import and Export Analysis (2018-2023)
7.6 Argentina Polymer Modified Bitumen Sales Volume, Revenue, Import and Export Analysis (2018-2023)
7.7 Colombia Polymer Modified Bitumen Sales Volume, Revenue, Import and Export Analysis (2018-2023)
8 Middle East & Africa Polymer Modified Bitumen Market Analysis by Countries, Types and End Users
8.1 Middle East & Africa Polymer Modified Bitumen Sales Volume and Revenue Analysis by Countries (2018-2023)
8.2 Middle East & Africa Polymer Modified Bitumen Sales Volume and Revenue Analysis by Types (2018-2023)
8.3 Middle East & Africa Polymer Modified Bitumen Sales Volume and Revenue Analysis by End Users (2018-2023)
8.4 Turkey Polymer Modified Bitumen Sales Volume, Revenue, Import and Export Analysis (2018-2023)
8.5 Saudi Arabia Polymer Modified Bitumen Sales Volume, Revenue, Import and Export Analysis (2018-2023)
8.6 South Africa Polymer Modified Bitumen Sales Volume, Revenue, Import and Export Analysis (2018-2023)
8.7 Egypt Polymer Modified Bitumen Sales Volume, Revenue, Import and Export Analysis (2018-2023)
9 Marketing Channel, Distributors and Traders Analysis
9.1 Marketing Channel
9.1.1 Direct Channel
9.1.2 Indirect Channel
9.2 Distributors and Traders
10 Global Polymer Modified Bitumen Market Forecast by Regions, Countries, Manufacturers, Types and End Users
10.1 Global Sales Volume and Revenue Forecast of Polymer Modified Bitumen by Regions (2024-2029)
10.2 Global Sales Volume and Revenue Forecast of Polymer Modified Bitumen by Types (2024-2029)
10.3 Global Sales Volume and Revenue Forecast of Polymer Modified Bitumen by End Users (2024-2029)
10.4 Global Revenue Forecast of Polymer Modified Bitumen by Countries (2024-2029)
10.4.1 United States Revenue Forecast (2024-2029)
10.4.2 Canada Revenue Forecast (2024-2029)
10.4.3 Germany Revenue Forecast (2024-2029)
10.4.4 France Revenue Forecast (2024-2029)
10.4.5 UK Revenue Forecast (2024-2029)
10.4.6 Italy Revenue Forecast (2024-2029)
10.4.7 Russia Revenue Forecast (2024-2029)
10.4.8 Spain Revenue Forecast (2024-2029)
10.4.9 Netherlands Revenue Forecast (2024-2029)
10.4.10 China Revenue Forecast (2024-2029)
10.4.11 Japan Revenue Forecast (2024-2029)
10.4.12 Korea Revenue Forecast (2024-2029)
10.4.13 India Revenue Forecast (2024-2029)
10.4.14 Australia Revenue Forecast (2024-2029)
10.4.15 Indonesia Revenue Forecast (2024-2029)
10.4.16 Vietnam Revenue Forecast (2024-2029)
10.4.17 Brazil Revenue Forecast (2024-2029)
10.4.18 Mexico Revenue Forecast (2024-2029)
10.4.19 Argentina Revenue Forecast (2024-2029)
10.4.20 Colombia Revenue Forecast (2024-2029)
10.4.21 Turkey Revenue Forecast (2024-2029)
10.4.22 Saudi Arabia Revenue Forecast (2024-2029)
10.4.23 South Africa Revenue Forecast (2024-2029)
10.4.24 Egypt Revenue Forecast (2024-2029)
11 Industry Chain Analysis of Polymer Modified Bitumen
11.1 Upstream Major Raw Materials and Equipment Suppliers Analysis of Polymer Modified Bitumen
11.1.1 Major Raw Materials Suppliers with Contact Information Analysis of Polymer Modified Bitumen
11.1.2 Major Equipment Suppliers with Contact Information Analysis of Polymer Modified Bitumen
11.2 Downstream Major Consumers Analysis of Polymer Modified Bitumen
11.3 Major Suppliers of Polymer Modified Bitumen with Contact Information
11.4 Supply Chain Relationship Analysis of Polymer Modified Bitumen
12 Polymer Modified Bitumen New Project Investment Feasibility Analysis
12.1 Polymer Modified Bitumen New Project SWOT Analysis
12.2 Polymer Modified Bitumen New Project Investment Feasibility Analysis
12.2.1 Project Name
12.2.2 Investment Budget
12.2.3 Project Product Solutions
12.2.4 Project Schedule
13 Polymer Modified Bitumen Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.2 References and Data Sources
14.2.1 Primary Sources
14.2.2 Secondary Paid Sources
14.2.3 Secondary Public Sources
14.3 Abbreviations and Units of Measurement
14.4 Author Details
14.5 Disclaimer
Ìý
Ìý
*If Applicable.
