Polymer Modified Bitumen Market - Forecast(2021 - 2026)

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Bitumen Market Market size, Industry outlook,
Market Forecast, Demand Analysis, Market Share,
Market Report 2021-2026
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• Bitumen Market is forecast to reach 129.52
  billion by 2025, after growing at a CAGR of 3.56
  during 2020-2025. 
• Bitumen is widely used as a binding organic
  material, made from the by-products of refined
  crude oil and soluble in carbon disulfide. It is
  a crucial component of the asphalt, which is used
  to build roads, streets and other parts of the
  infrastructure. 

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Key Takeaways

• In 2017, global annual vehicle sales reached 96.8
  million units and are expected to reach 125.5
  million units by the end of the forecast spell,
  creating a need for broader and better road
  quality.
• Bitumen is widely used as a chemical additive in
  several applications such as black paints and
  solvents. Being a chemical additive bitumen helps
  in improving the efficiency of paints and
  coatings, and also improves the viscosity of
  waterproofing agents.

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By Distribution Channel- Segment
Analysis Polymer modified bitumen segment held a
significant share of the bitumen market in 2019.
Polymer modified bitumen is widely being adopted
for road development as well as construction and
building on account of their superior durability
and quality. Different types of materials such as
thermoplastic elastomers such as rubber and
styrene polymers, thermoplastic polymers such as
polyethylene, ethylene copolymers and
polypropylene and thermosetting polymer resins
are added to bitumen to alter its characteristics.
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• Bitumen Market Industry Outlook 
• Indian Oil Corporation,
• Chevron Texaco Corporation,
• China Petroleum and Chemical Corporation,
• Total,
• British Petroleum,
• JX Nippon Oil Energy Corporation

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Bitumen Market - Forecast(2021 - 2026) Learn
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Reddy Contact (1) 970-236-3677 Email
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