Modified Bitumen Market
Modified Bitumen Market Analysis by Styrene Butadiene Styrene (SBS), Atactic Polypropylene (APP), Natural Rubber, and Crumb Rubber for Road Construction and Building Construction from 2023 to 2033
Analysis of Modified Bitumen Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Modified Bitumen Market Outlook (2023 to 2033)
The global modified bitumen market stands at US$ 23.96 billion in 2023, as per a new report published by Fact.MR. Worldwide demand for modified bitumen is forecasted to rise at a CAGR of 5.5% and reach a market value of US$ 41 billion by 2033-end.
Growing need for modified bitumen from industrial and waste & water management sectors is generating growth opportunities. Moreover, rapid industrialization across emerging economies is also leading to increased demand for modified bitumen for multiple application industries, including roofing, road construction, coatings, and adhesives.
Modified bitumen is a popular construction material that is used in the majority of modern construction projects owing to its well-known track record in improving roofing and pavement performance. In addition, the sustainability and cost-effectiveness of modified bitumen compared to other materials are also contributing to its immense popularity.
- Sales of modified bitumen in China are forecasted to rise at a CAGR of 8.3% and reach US$ 7.81 billion by 2033.
- Worldwide demand for styrene butadiene styrene (SBS) is projected to increase at a CAGR of 6.2% and reach a market size of US$ 19.51 billion by 2033-end.
Increasing road construction, maintenance, and repair projects in emerging countries are generating demand for modified bitumen. In recent years, there has been a significant increase in infrastructure development activities around the world, which is also driving this demand.
Rising modernization and technological advancements and growing R&D activities in production techniques are forecasted to create opportunities for manufacturers of modified bitumen. It is frequently employed in roofing membranes to produce waterproof, solid, and cool roof coating. It can also be mounted with the use of numerous methods, including hot-mopped, self-adhesive, and torch-on.
Higher cost of modified bitumen at the initial stage compared to some ordinary asphalt is predicted to impede expansion opportunities. Use of polymer-modified bitumen along with specialized manufacturing techniques can raise the overall initial cost and make it less economical compared to other options. However, better performance and long-term advantages frequently outweigh higher initial investments, especially on vital construction projects and high-traffic highways.
Fact.MR, a market research and competitive intelligence provider, offers a holistic analysis of the industry. This newly published research report provides a comprehensive study of the key segments, drivers, trends, competitive landscape, restraints, and factors that are substantially contributing to market growth.
| Report Attributes | Details |
|---|---|
| Modified Bitumen Market Size (2022) | US$ 22.71 Billion |
| Estimated Market Value (2023) | US$ 23.96 Billion |
| Forecasted Market Value (2033) | US$ 41 Billion |
| Global Market Growth Rate (2023 to 2033) | 5.5% CAGR |
| United States Market Value (2022) | US$ 6.11 Billion |
| Sales of Styrene Butadiene Styrene (SBS) (2033) | US$ 19.51 Billion |
| Japan Market Growth Rate (2023 to 2033) | 2.9% CAGR |
| Key Companies Profiled | Bitumina Group; Dow, Inc.; Colas SA; DuPont de Nemours; Firestone Building Products Company; ExxonMobil Corporation; Fosroc International Ltd.; Gazprom Neft PJSC; GAF Materials LLC; Global Road Technology International Ltd.; Lagan Asphalt Group; Hindustan Colas Private Limited; Nynas AB; PJSC Rosneft Oil Company; Orlen Asfalt Sp. Z.O.O.; Royal Dutch Shell PLC,; Soprema Group; Saint-Gobain Weber; Soprema Group; Sika AG; Texsa Systems Slu; W.R. Grace & Co.; Total SA |
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What is the Contribution of Modified Bitumen in the Construction Industry?
“Ability of Modified Bitumen to Resist Rutting and Cracking Leading to Pavement Longevity”
Demand for modified bitumen for road construction as well as roofing applications is increasing. Growing material demand in these sectors can result in sustainable market returns. Players are concentrating on offering more functional products with improved long-term quality, recyclability, and aggregate adhesion.
Increasing road construction, maintenance, and repair projects are anticipated to push demand for modified bitumen. As traffic loads and volumes increase, conventional asphalt may experience early degradation. Modified bitumen improves resistance to rutting and cracking and increases pavement longevity. It is adopted as a popular material for the construction of robust and long-lasting roads, airport runways, and highways.
Growing traction for waterproofing solutions is estimated to drive the demand for modified bitumen. Increased resilience and flexibility to temperature swings ensure the lifetime of roofing membranes against potential structural damage and water penetration.
What Challenges are Modified Bitumen Suppliers Working Around?
“Limited Petroleum Supply In Contrast to Demand for Increased Modified Bitumen Production”
There are limited resources available for the production of high-quality bitumen. This can lead to the manufacturing of modified bitumen on a small scale and make it difficult for suppliers to cater to rising worldwide demand. Therefore, the differences in the demand and supply chain are estimated to challenge expansion opportunities.
“Constant Fluctuations in Raw Material Prices”
Due to the constant fluctuations in oil and petroleum prices, there is a corresponding variation in the cost of raw materials necessary for modified bitumen production. This is anticipated to impact the demand for modified bitumen, making it less affordable for consumers.
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How are New Companies Ensuring Sustainable Modified Bitumen Production?
“Emphasis on Production of Modified Bitumen from Recycled Resources”
Rising trend of adopting more environmentally friendly construction practices is stimulating start-ups to invest in R&D activities to produce sustainable modified bitumen. Several polymer modifiers are employed in the manufacturing process to use sustainable and recycled resources. Modified bitumen can serve as a more environmentally responsible alternative to standard asphalt.
Country-wise Insights
Asia Pacific held 35.1% share of the global market in 2022. Europe and North America are projected to generate considerable demand for modified bitumen, according to Fact.MR.
What’s Contributing to the Key Position of the United States Market?
“Increasing Public Infrastructure Projects and Expanding Construction Industry”
Sales of modified bitumen in the United States stood at US$ 6.11 billion in 2022. Increasing public infrastructure projects and the expansion of the construction industry are attracting modified bitumen suppliers to invest in the United States.
Which Asia Pacific Countries are Manufacturers Aiming to Invest In?
“Increasing Emphasis on Sustainable Infrastructure Development in Japan, China, and India”
Sales of modified bitumen in China are predicted to rise at an 8.3% CAGR and reach US$ 7.81 billion by 2033. Further, the Japanese market is projected to advance at a CAGR of 2.9% through 2033. India, Japan, and China are key regional markets in Asia Pacific. The growth in these markets is owing to the increased infrastructure development along with growing requirements for robust and durable building materials.
For instance :
- As per a report presented in the National People’s Congress’s annual session in March 2019, China planned a significant investment in waterway projects and road construction.
Governments from these countries are engaged in projects related to roofing, airport runways, and road development. Increasing awareness about the advantages related to modified bitumen to improve waterproofing capabilities and pavement performance is contributing to revenue growth. Moreover, increased emphasis on sustainable building practices is also pushing the demand for modified bitumen as a favorable alternative to multiple infrastructure applications.
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Category-wise Insights
What Features of SBS Make it Popular among End Users?
“Key Role of SBS in Reducing Road Deformations and Fractures”
Demand for SBS is projected to increase at a 6.2% CAGR and reach a valuation of US$ 19.51 billion by the end of 2033. SBS containing modified bitumen is estimated to gain traction across regions going forward.
SBS has various qualities, including elasticity, temperature resistance, and flexibility. These properties make SBA-modified bitumen an ideal material for road building to reduce deformations and fractures produced by temperature variations and traffic loads. The waterproofing feature of styrene butadiene styrene-modified bitumen makes it a widely adopted alternative for roofing applications, thus contributing to its sales for multiple building projects.
Why is Modified Bitumen Widely Used for Road Construction Purposes?
“Fracture Resistance and Flexibility of Modified Bitumen Driving Extensive Adoption”
A significant portion of the demand for modified bitumen is estimated to come from road construction projects. At various times, it outperforms ordinary asphalt based on stability and durability, which makes it an ideal choice for the construction of long-lasting roadways.
Fracture resistance, fatigue life, and higher flexibility of modified bitumen help roads endure extreme weather conditions and severe traffic loads. The feature of modified bitumen to prevent deformation and rutting helps in the construction of more economical and longer-lasting road pavements that further stimulate its appeal in various road-building projects worldwide.
Competition Landscape
Producers of modified bitumen are investing heavily to achieve their objectives such as ensuring quality control of products, new product developments, etc.
Key manufacturers of modified bitumen are Bitumina Group, Dow, Inc., Colas SA, DuPont de Nemours, Firestone Building Products Company, ExxonMobil Corporation, Fosroc International Ltd., Gazprom Neft PJSC, GAF Materials LLC, Global Road Technology International Ltd., Lagan Asphalt Group, Hindustan Colas Private Limited, Nynas AB, PJSC Rosneft Oil Company, Orlen Asfalt Sp. Z.O.O., Royal Dutch Shell PLC, Soprema Group, Saint-Gobain Weber, Soprema Group, Sika AG, Texsa Systems Slu, W. R. Grace & Co., and Total SA.
Segmentation of Modified Bitumen Industry Research
-
By Modifier Type :
- Styrene Butadiene Styrene (SBS)
- Atactic Polypropylene (APP)
- Natural Rubber
- Crumb Rubber
-
By End Use :
- Road Construction
- Building Construction
-
By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Key Success Factors
- 5. Market Background
- 6. Global Market Volume (Units) Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 7. Global Market - Pricing Analysis
- 8. Global Market Value Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Modifier Type
- 9.1. Styrene Butadiene Styrene (SBS)
- 9.2. Atactic Polypropylene (APP)
- 9.3. Natural Rubber
- 9.4. Crumb Rubber
- 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by End Use
- 10.1. Road Construction
- 10.2. Building Construction
- 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Europe
- 11.4. East Asia
- 11.5. South Asia
- 11.6. Oceania
- 11.7. Middle East and Africa (MEA)
- 12. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 13. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 14. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 15. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 16. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 17. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 18. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 19. Key and Emerging Countries Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 20. Market Structure Analysis
- 21. Competition Analysis
- 21.1. Bitumina Group
- 21.2. Dow, Inc.
- 21.3. Colas SA
- 21.4. DuPont de Nemours
- 21.5. Firestone Building Products Company
- 21.6. ExxonMobil Corporation
- 21.7. Fosroc International Ltd.
- 21.8. Gazprom Neft PJSC
- 21.9. GAF Materials LLC
- 21.10. Global Road Technology International Ltd.
- 21.11. Lagan Asphalt Group
- 21.12. Hindustan Colas Private Limited
- 21.13. Nynas AB
- 21.14. PJSC Rosneft Oil Company
- 21.15. Orlen Asfalt Sp. Z.O.O.
- 21.16. Royal Dutch Shell PLC
- 21.17. Soprema Group
- 21.18. Saint-Gobain Weber
- 21.19. Sika AG
- 21.20. Texsa Systems Slu
- 21.21. W.R. Grace & Co.
- 21.22. Total SA
- 22. Assumptions and Acronyms Used
- 23. Research Methodology
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List Of Table
Table 01: Global Market Volume (‘000 Units) Analysis and Opportunity Assessment 2018 to 2033, By Modifier Type
Table 02: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Modifier Type
Table 03: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By End Use
Table 04: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Region
Table 05: North America Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 06: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Modifier Type
Table 07: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By End Use
Table 08: Latin America Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 09: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Modifier Type
Table 10: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By End Use
Table 11: Europe Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 12: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Modifier Type
Table 13: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By End Use
Table 14: South Asia Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 15: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Modifier Type
Table 16: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By End Use
Table 17: East Asia Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 18: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Modifier Type
Table 19: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By End Use
Table 20: Oceania Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 21: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Modifier Type
Table 22: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By End Use
Table 23: Middle East and Africa Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 24: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Modifier Type
Table 25: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By End Use
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List Of Figures
Figure 01: Global Market Volume (in 000' Units) Analysis, 2018 to 2022
Figure 02: Global Market Volume Forecast (in 000' Units), 2023 to 2033
Figure 03: Pricing Analysis (US$) Per Modifier Type, By Region, 2022
Figure 04: Pricing Analysis (US$) Per Modifier Type, By Region, 2022
Figure 05: Global Market Value Analysis (US$ Mn), 2018 to 2022
Figure 06: Global Market Value Forecast (US$ Mn), 2023 to 2033
Figure 07: Global Market Absolute $ Opportunity, 2023 to 2033
Figure 08: Global Market Share Analysis (%), By Modifier Type, 2023 to 2033
Figure 09: Global Market Y-o-Y Analysis (%), By Modifier Type, 2023 to 2033
Figure 10: Global Market Attractiveness Analysis by Modifier Type, 2023 to 2033
Figure 11: Global Market Share Analysis (%), By End Use, 2023 to 2033
Figure 12: Global Market Y-o-Y Analysis (%), By End Use, 2023 to 2033
Figure 13: Global Market Attractiveness Analysis by End Use, 2023 to 2033
Figure 14: Global Market Share Analysis (%), By Region, 2023 to 2033
Figure 15: Global Market Y-o-Y Analysis (%), By Region, 2023 to 2033
Figure 16: Global Market Attractiveness Analysis by Region, 2023 to 2033
Figure 17: North America Market Value Share, By Modifier Type, 2023 (E)
Figure 18: North America Market Value Share, By End Use, 2023 (E)
Figure 19: North America Market Value Share, By Country, 2023 (E)
Figure 20: North America Market Value Analysis (US$ Mn), 2018 to 2022
Figure 21: North America Market Value Forecast (US$ Mn), 2023 to 2033
Figure 22: North America Market Attractiveness Analysis by Modifier Type, 2023 to 2033
Figure 23: North America Market Attractiveness Analysis by End Use, 2023 to 2033
Figure 24: North America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 25: Latin America Market Value Share, By Modifier Type, 2023 (E)
Figure 26: Latin America Market Value Share, By End Use, 2023 (E)
Figure 27: Latin America Market Value Share, By Country, 2023 (E)
Figure 28: Latin America Market Value Analysis (US$ Mn), 2018 to 2022
Figure 29: Latin America Market Value Forecast (US$ Mn), 2023 to 2033
Figure 30: Latin America Market Attractiveness Analysis by Modifier Type, 2023 to 2033
Figure 31: Latin America Market Attractiveness Analysis by End Use, 2023 to 2033
Figure 32: Latin America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 33: Europe Market Value Share, By Modifier Type, 2023 (E)
Figure 34: Europe Market Value Share, By End Use, 2023 (E)
Figure 35: Europe Market Value Share, By Country, 2023 (E)
Figure 36: Europe Market Value Analysis (US$ Mn), 2018 to 2022
Figure 37: Europe Market Value Forecast (US$ Mn), 2023 to 2033
Figure 38: Europe Market Attractiveness Analysis by Modifier Type, 2023 to 2033
Figure 39: Europe Market Attractiveness Analysis by End Use, 2023 to 2033
Figure 40: Europe Market Attractiveness Analysis by Country, 2023 to 2033
Figure 41: South Asia Market Value Share, By Modifier Type, 2023 (E)
Figure 42: South Asia Market Value Share, By End Use, 2023 (E)
Figure 43: South Asia Market Value Share, By Country, 2023 (E)
Figure 44: South Asia Market Value Analysis (US$ Mn), 2018 to 2022
Figure 45: South Asia Market Value Forecast (US$ Mn), 2023 to 2033
Figure 46: South Asia Market Attractiveness Analysis by Modifier Type, 2023 to 2033
Figure 47: South Asia Market Attractiveness Analysis by End Use, 2023 to 2033
Figure 48: South Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 49: East Asia Market Value Share, By Modifier Type, 2023 (E)
Figure 50: East Asia Market Value Share, By End Use, 2023 (E)
Figure 51: East Asia Market Value Share, By Country, 2023 (E)
Figure 52: East Asia Market Value Analysis (US$ Mn), 2018 to 2022
Figure 53: East Asia Market Value Forecast (US$ Mn), 2023 to 2033
Figure 54: East Asia Market Attractiveness Analysis by Modifier Type, 2023 to 2033
Figure 55: East Asia Market Attractiveness Analysis by End Use, 2023 to 2033
Figure 56: East Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 57: Oceania Market Value Share, By Modifier Type, 2023 (E)
Figure 58: Oceania Market Value Share, By End Use, 2023 (E)
Figure 59: Oceania Market Value Share, By Country, 2023 (E)
Figure 60: Oceania Market Value Analysis (US$ Mn), 2018 to 2022
Figure 61: Oceania Market Value Forecast (US$ Mn), 2023 to 2033
Figure 62: Oceania Market Attractiveness Analysis by Modifier Type, 2023 to 2033
Figure 63: Oceania Market Attractiveness Analysis by End Use, 2023 to 2033
Figure 64: Oceania Market Attractiveness Analysis by Country, 2023 to 2033
Figure 65: Middle East and Africa Market Value Share, By Modifier Type, 2023 (E)
Figure 66: Middle East and Africa Market Value Share, By End Use, 2023 (E)
Figure 67: Middle East and Africa Market Value Share, By Country, 2023 (E)
Figure 68: Middle East and Africa Market Value Analysis (US$ Mn), 2018 to 2022
Figure 69: Middle East and Africa Market Value Forecast (US$ Mn), 2023 to 2033
Figure 70: Middle East and Africa Market Attractiveness Analysis by Modifier Type, 2023 to 2033
Figure 71: Middle East and Africa Market Attractiveness Analysis by End Use, 2023 to 2033
Figure 72: Middle East and Africa Market Attractiveness Analysis by Country, 2023 to 2033
Figure 73: UNITED STATES Market Value Analysis (US$ Mn), 2023 & 2033
Figure 74: UNITED STATES Market Value Share, By Modifier Type, 2023 (E)
Figure 75: UNITED STATES Market Value Share, By End Use, 2023 (E)
Figure 76: Canada Market Value Analysis (US$ Mn), 2023 & 2033
Figure 77: Canada Market Value Share, By Modifier Type, 2023 (E)
Figure 78: Canada Market Value Share, By End Use, 2023 (E)
Figure 79: Mexico Market Value Analysis (US$ Mn), 2023 & 2033
Figure 80: Mexico Market Value Share, By Modifier Type, 2023 (E)
Figure 81: Mexico Market Value Share, By End Use, 2023 (E)
Figure 82: Brazil Market Value Analysis (US$ Mn), 2023 & 2033
Figure 83: Brazil Market Value Share, By Modifier Type, 2023 (E)
Figure 84: Brazil Market Value Share, By End Use, 2023 (E)
Figure 85: UNITED KINGDOM Market Value Analysis (US$ Mn), 2023 & 2033
Figure 86: UNITED KINGDOM Market Value Share, By Modifier Type, 2023 (E)
Figure 87: UNITED KINGDOM Market Value Share, By End Use, 2023 (E)
Figure 88: Germany Market Value Analysis (US$ Mn), 2023 & 2033
Figure 89: Germany Market Value Share, By Modifier Type, 2023 (E)
Figure 90: Germany Market Value Share, By End Use, 2023 (E)
Figure 91: France Market Value Analysis (US$ Mn), 2023 & 2033
Figure 92: France Market Value Share, By Modifier Type, 2023 (E)
Figure 93: France Market Value Share, By End Use, 2023 (E)
Figure 94: Italy Market Value Analysis (US$ Mn), 2023 & 2033
Figure 95: Italy Market Value Share, By Modifier Type, 2023 (E)
Figure 96: Italy Market Value Share, By End Use, 2023 (E)
Figure 97: Spain Market Value Analysis (US$ Mn), 2023 & 2033
Figure 98: Spain Market Value Share, By Modifier Type, 2023 (E)
Figure 99: Spain Market Value Share, By End Use, 2023 (E)
Figure 100: Russia Market Value Analysis (US$ Mn), 2023 & 2033
Figure 101: Russia Market Value Share, By Modifier Type, 2023 (E)
Figure 102: Russia Market Value Share, By End Use, 2023 (E)
Figure 103: China Market Value Analysis (US$ Mn), 2023 & 2033
Figure 104: China Market Value Share, By Modifier Type, 2023 (E)
Figure 105: China Market Value Share, By End Use, 2023 (E)
Figure 106: Japan Market Value Analysis (US$ Mn), 2023 & 2033
Figure 107: Japan Market Value Share, By Modifier Type, 2023 (E)
Figure 108: Japan Market Value Share, By End Use, 2023 (E)
Figure 109: South Korea Market Value Analysis (US$ Mn), 2023 & 2033
Figure 110: South Korea Market Value Share, By Modifier Type, 2023 (E)
Figure 111: South Korea Market Value Share, By End Use, 2023 (E)
Figure 112: India Market Value Analysis (US$ Mn), 2023 & 2033
Figure 113: India Market Value Share, By Modifier Type, 2023 (E)
Figure 114: India Market Value Share, By End Use, 2023 (E)
Figure 115: ASEAN Market Value Analysis (US$ Mn), 2023 & 2033
Figure 116: ASEAN Market Value Share, By Modifier Type, 2023 (E)
Figure 117: ASEAN Market Value Share, By End Use, 2023 (E)
Figure 118: Australia Market Value Analysis (US$ Mn), 2023 & 2033
Figure 119: Australia Market Value Share, By Modifier Type, 2023 (E)
Figure 120: Australia Market Value Share, By End Use, 2023 (E)
Figure 121: New Zealand Market Value Analysis (US$ Mn), 2023 & 2033
Figure 122: New Zealand Market Value Share, By Modifier Type, 2023 (E)
Figure 123: New Zealand Market Value Share, By End Use, 2023 (E)
Figure 124: GCC Countries Market Value Analysis (US$ Mn), 2023 & 2033
Figure 125: GCC Countries Market Value Share, By Modifier Type, 2023 (E)
Figure 126: GCC Countries Market Value Share, By End Use, 2023 (E)
Figure 127: Turkey Market Value Analysis (US$ Mn), 2023 & 2033
Figure 128: Turkey Market Value Share, By Modifier Type, 2023 (E)
Figure 129: Turkey Market Value Share, By End Use, 2023 (E)
Figure 130: South Africa Market Value Analysis (US$ Mn), 2023 & 2033
Figure 131: South Africa Market Value Share, By Modifier Type, 2023 (E)
Figure 132: South Africa Market Value Share, By End Use, 2023 (E)
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What was the size of the modified bitumen market in 2022?
The global modified bitumen market reached a valuation of US$ 22.71 billion in 2022.
What was the sales value for modified bitumen in the United States?
Sales of modified bitumen reached US$ 6.11 billion in the United States in 2022.
How big is the modified bitumen market in 2023?
The worldwide market for modified bitumen market is estimated at US$ 23.96 billion in 2023.
What is the sales projection for modified bitumen for the decade?
Sales of modified bitumen are forecasted to rise at 5.5% CAGR from 2023 to 2033.
What is the demand outlook for SBS for 2033?
Global demand for SBS is projected to increase at a CAGR of 6.2% and reach US$ 19.51 billion by 2033-end.
At what rate is the demand for modified bitumen predicted to rise in Japan?
Demand for modified bitumen is projected to rise at a CAGR of 2.9% in Japan.
What is the anticipated valuation of the global market for 2033?
The modified bitumen market is set to reach US$ 41 billion by 2033.
Modified Bitumen Market