Polymer Modified Bitumen Market Analysis Till, 2014 - 2025

The market is subject to witness a substantial growth due to the growing demand from various end-user industries such as building & construction industry and roofing industry, and increasing use as adhesive and coatings. Massive increase in infrastructural spending, particularly in developing economies across the globe such as India, China and Brazil are anticipated to fuel expansion over the next seven years.

Shifting trend towards polymer-modified bitumen over conventional form of bitumen for asphalt overlay due to its advanced set of properties and minimum maintenance cost are anticipated to foster the growth of polymer modified bitumen industry. Globally, the polymer modified bitumen market is predicted to grow at higher CAGR in the forecast period, providing numerous opportunities for market players to invest for research and development in the market.

Download Free Sample  - https://www.millioninsights.com/industry-reports/polymer-modified-bitumen-market/request-sample

In addition, variation in changing climatic conditions coupled with heavy traffic hampers bitumen roads adversely, thus leading to cracks and rutting. Thus, increasing demand for polymer modified bitumen to comprehend such as factors are propelling market growth over the next seven years. Use of polymer-modified bitumen reduces the investment required for road maintenance every year. However, higher initial investment is one of the key challenges for market growth, in the recent years. Yet, polymer modified bitumen is highly cost-efficient, thus positively affecting market growth over the next seven years.

The polymer modified bitumen industry is broadly categorized into two major segments based on the product type such as thermoplastic elastomers and plastomers. The thermoplastic elastomers is considered as one of the fastest growing segment in the polymer modified bitumen market with substantial revenue generation in the last few years. Growing popularity of the thermoplastic elastomers segment is attributed to the increasing use as elastomeric materials and superior properties such as improved ageing resistance, low temperature flexibility and resistance to permanent deformation. The plastomers segment has also witnessed substantial growth.

The polymer modified bitumen industry is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in building & construction sector, substantial growth in green roofing industry, and existence of well-established manufacturing infrastructure in the region.

Comments

Post a Comment

Popular posts from this blog

Orthopedic Braces and Supports Market Players And Industry Forecasts Till, 2014 - 2024.

According to the Centers for disease Control and Prevention, in 2015, 30 million US adults were estimated to suffer from osteoarthritis. It is estimated that 54.4 million of the US adults are affected with some form of arthritis. People with arthritis are the major target for orthopedic braces and supports. The second most common form of arthritis is rheumatoid arthritis which cause muscle pain. On the basis of end use, the market is segmented into hospitals, orthopedic clinics, Over-the-Counter (OTC), and other facilities. Orthopedic clinics contributed to the largest market share in 2015, due to reluctance of patients to visit specialty clinics for acute musculoskeletal disorders. Download Free Sample  -  https://www.millioninsights.com/industry-reports/orthopedic-braces-supports-market/request-sample Increase in geriatric population is one of the primary driver for the growth of the market. This population is highly affected by musculoskeletal disorders. According to International O
Read more

Solar Cell Market Trends, Share & Scope, Product Estimates & Strategy Framework To 2014 - 2024.

Image
The decrease in PV prices is projected to explore new opportunities for crystalline silicon modules over the estimated period. In addition, advancements in technology in improving the operating efficiency of thin film solar cells are anticipated to increase its demand in commercial and residential applications. The demand for the solar cell in North America was estimated to be over 20 GW in 2014. High PV installations owing to the rising consumer awareness towards benefits in cost associated with the renewable energy systems in the region is expected to drive market growth. However, lack of incentives and federal subsidy after 2016 is expected to witness a reduction in the installation in residential and commercial segments which is expected to hamper growth. Download Free Sample  -  https://www.millioninsights.com/industry-reports/solar-cell-market/request-sample Competitive Market Share Insights The major players in the solar cell market include First Solar Inc., SunPower Corporation
Read more

Automotive Lubricants Market growth driver analysis 2014 - 2025.

The automotive lubricants industry is segmented on the basis of base oil, product type, and geography. By type of product, the segmentation goes like bio-based oil, semi-synthetic/synthetic oil, and mineral oil. Semi-synthetic/synthetic oil holds the largest market share; thanks to its splendid performance. By base oil, the market spans manual transmission fluid, automatic transmission fluid, and engine oil. By geography, the market constitutes North America, LATAM, Asia Pacific, Europe, and MEA. Download Free Sample  -  https://www.millioninsights.com/industry-reports/automotive-lubricants-market/request-sample Asia Pacific is expected to witness the fastest growth due to increase in consumption of vehicles in economies like India. LATAM is fast catching up due to Brazil witnessing tremendous growth in sales of heavy and light vehicles. The players contributing to the automotive lubricants market include Chevron Corporation, Sinopec Corporation, ExxonMobil Corporation, Royal Dutch She
Read more