Modified Bitumen Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Modified Bitumen Market is segmented by Modifier Type (Styrene-Butadiene-Styrene, Atactic Polypropylene, Crumb Rubber, Natural Rubber, and Other Modifier Types), Application Method (Cold Asphalt Method, Cold Asphalt Method, and Torch Applied Method), Application (Road Construction, Roofing and Piping, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa)

Modified Bitumen Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Modified Bitumen Market Size

Modified Bitumen  Market-Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 4.00 %
Fastest Growing Market Europe
Largest Market North America

Major Players

Modified Bitumen Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Modified Bitumen Market with other markets in Chemicals & Materials Industry

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Modified Bitumen Market Analysis

The market for Modified Bitumen is expected to expand at a CAGR of more than 4% during the forecast period. The major factor driving the market is the increase in road construction and repair activities across the globe.

  • On the flipside, the risk of fire during installation due to unskilled labors is expected to hinder the growth of the market particularly in developing economies.
  • North America is dominated the market and is expected to expand at a healthy rate during the forecast period.

Modified Bitumen Industry Overview

The modified bitumen market studied is fragmented, with the top five companies accounting for around 30% share of the market. The key players include Rosneft Deutschland GmbH, Total, Royal Dutch Shell PLC, and Gazprom Neft PJSC, among others.

Modified Bitumen Market Leaders

  1. Repsol

  2. Royal Dutch Shell PLC

  3. Total S.A.

  4. Gazprom Neft PJSC

  5. ROSNEFT

  6. *Disclaimer: Major Players sorted in no particular order
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Modified Bitumen Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Increasing Road Construction and Repair Activities
    • 4.1.2 Other Drivers
  • 4.2 Restraints
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Consumers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition

5. MARKET SEGMENTATION

  • 5.1 Modifier Type
    • 5.1.1 Styrene-Butadiene-Styrene (SBS)
    • 5.1.2 Atactic Polypropylene (APP)
    • 5.1.3 Crumb Rubber
    • 5.1.4 Natural Rubber
    • 5.1.5 Other Modifier Types
  • 5.2 Application Method
    • 5.2.1 Hot Asphalt Method
    • 5.2.2 Cold Asphalt Method
    • 5.2.3 Torch Applied Method
  • 5.3 Application
    • 5.3.1 Road Construction
    • 5.3.2 Roofing and Piping
    • 5.3.3 Other Applications
  • 5.4 Geography
    • 5.4.1 Asia-Pacific
    • 5.4.1.1 China
    • 5.4.1.2 India
    • 5.4.1.3 Japan
    • 5.4.1.4 South Korea
    • 5.4.1.5 Rest of Asia-Pacific
    • 5.4.2 North America
    • 5.4.2.1 United States
    • 5.4.2.2 Canada
    • 5.4.2.3 Rest of North America
    • 5.4.3 Europe
    • 5.4.3.1 Germany
    • 5.4.3.2 United Kingdom
    • 5.4.3.3 France
    • 5.4.3.4 Italy
    • 5.4.3.5 Rest of Europe
    • 5.4.4 South America
    • 5.4.4.1 Brazil
    • 5.4.4.2 Argentina
    • 5.4.4.3 Rest of South America
    • 5.4.5 Middle-East and Africa
    • 5.4.5.1 Saudi Arabia
    • 5.4.5.2 South Africa
    • 5.4.5.3 Rest of Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Ranking Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 COLAS
    • 6.4.2 Dow
    • 6.4.3 Exxon Mobil Corporation
    • 6.4.4 Firestone Building Products Company, LLC
    • 6.4.5 Fosroc International Limited
    • 6.4.6 GAF
    • 6.4.7 Gazprom Neft PJSC
    • 6.4.8 Hincol
    • 6.4.9 Breedon Group plc
    • 6.4.10 Nynas AB
    • 6.4.11 ORLEN Asfalt Sp z o.o.
    • 6.4.12 Repsol
    • 6.4.13 Rosneft Deutschland GmbH
    • 6.4.14 Royal Dutch Shell PLC
    • 6.4.15 Saint-Gobain Weber
    • 6.4.16 Sika AG
    • 6.4.17 SOPREMA S.A.S
    • 6.4.18 Texsa Systems slu
    • 6.4.19 Total
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Modified Bitumen Industry Segmentation

The modified bitumen market report includes:

Modifier Type Styrene-Butadiene-Styrene (SBS)
Atactic Polypropylene (APP)
Crumb Rubber
Natural Rubber
Other Modifier Types
Application Method Hot Asphalt Method
Cold Asphalt Method
Torch Applied Method
Application Road Construction
Roofing and Piping
Other Applications
Geography Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacific
Geography North America United States
Canada
Rest of North America
Geography Europe Germany
United Kingdom
France
Italy
Rest of Europe
Geography South America Brazil
Argentina
Rest of South America
Geography Middle-East and Africa Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Modified Bitumen Market Research FAQs

What is the current Modified Bitumen Market size?

The Modified Bitumen Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)

Who are the key players in Modified Bitumen Market?

Repsol, Royal Dutch Shell PLC, Total S.A., Gazprom Neft PJSC and ROSNEFT are the major companies operating in the Modified Bitumen Market.

Which is the fastest growing region in Modified Bitumen Market?

Europe is estimated to grow at the highest CAGR over the forecast period (2024-2029).

Which region has the biggest share in Modified Bitumen Market?

In 2024, the North America accounts for the largest market share in Modified Bitumen Market.

What years does this Modified Bitumen Market cover?

The report covers the Modified Bitumen Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Modified Bitumen Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Modified Bitumen Industry Report

Statistics for the 2024 Modified Bitumen market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Modified Bitumen analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.