NEW YORK, Nov. 29, 2021 /PRNewswire/ -- The polymer modified bitumen market size is set to grow by USD 2.73 bn from 2021 to 2026, according to Technavio. This report offers an up-to-date analysis regarding the current global market scenario and the overall market environment.

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The polymer modified bitumen market is concentrated, and the degree of concentration will accelerate during the forecast period. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.

The report covers the following areas:

• Polymer Modified Bitumen Market size
• Polymer Modified Bitumen Market trends
• Polymer Modified Bitumen Market industry analysis

Polymer Modified Bitumen Market 2022-2026: Segmentation

• End-user
  • Road Construction
  • Roofing
  • Others
• Geography
  • APAC
  • North America
  • Europe
  • South America
  • MEA

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Polymer Modified Bitumen Market 2022-2026: Vendor Analysis and Scope

To help businesses improve their market position, the polymer modified bitumen market provides a detailed analysis of around 25 vendors operating in the market. Some of these vendors include AMT Techno, Benzene International Pte Ltd., Breedon Group plc, Indian Oil Corp. Ltd., Nynas AB, Ooms International BV, PJSC Gazprom Neft, Royal Dutch Shell Plc, Sika AG, and Tiki Tar Industries.

The global increase in road construction activities, superior properties of polymer modified bitumen, and increased manufacturing and construction activities will offer immense growth opportunities. However, factors such as volatility in raw material prices may threaten the growth of the market.

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Polymer Modified Bitumen Market 2022-2026: Regional Analysis

Technavio offers an up-to-date analysis of the geographical composition of the market as well as competitive intelligence and regional opportunities for vendors. According to our analysis, 35% of the market's growth is expected to originate from APAC during the forecast period. China and India are the key countries for the polymer modified bitumen market in the region. APAC has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. Superior properties of polymer modified bitumen will drive the polymer modified bitumen market growth in APAC over the forecast period.

Polymer Modified Bitumen Market 2022-2026: Key Highlights

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will support polymer modified bitumen market growth during the next five years
• Estimation of the polymer modified bitumen market size and its contribution to the parent market
• Forecast on upcoming trends and changes in consumer behavior
• The growth of the polymer modified bitumen market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of polymer modified bitumen market vendors

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SOURCE Technavio