Global Polymer Modified Bitumen Market Expected To Reach USD12.8 Billion By 2020

Date: 2016-10-18

Polymer modified Bitumen is widely used for road construction accounting for over 76% of the global volume share in 2015, for the forecast period 2016-2020,increasing load bearing capacity and higher resistance to cracking & rutting leads to lower maintenance cost owing to the use of PMB will drive the growth for Polymer Modified Bitumen Market.

According to report, the global Polymer Modified Bitumen Market is expected to reach USD12.8 billion by 2020.

Addition of polymers to bitumen decreases the rolling resistance & road/tire noise thereby, improving fuel efficiency. Expansion of road networks globally to improve connectivity is expected to augment demand.

Road construction application accounted for over 73.5% of the global market in 2014. Rising demand for PMB in road construction owing to its superior properties as well lower maintenance cost is expected to propel demand over the forecast period. Furthermore, rising infrastructure expansion particularly in MEA and Asia Pacific is likely to augment growth over the next seven years.

On the basis of geography, Asia Pacific accounted for over 31.4% of the global market in 2015 and is expected to witness immense growth in light of increased government spending for infrastructure development in China and India. Increasing focus on infrastructure development by India and China in their respective 12th Five Year Plans is expected to drive demand. Moreover, revival of the traditional “Silk Road” extending from China to Europe is expected to propel growth.

Polymer Modified Bitumen market share by region as following:


Read Full Report:

Joanna | Executive – International Business and partner Relations
E-mail: | Tel: 510-400-8520


Contact With Us
Join templatemonster at google+
Customized Research
Request Sample