Polymer Modified Bitumen (PMB) Market : A Study of the Current Status and Future Prospects
The research report on the Global Polymer Modified Bitumen (PMB) Market is formulated with insightful data that will help the established companies and new entrants to analyze the business trends and capitalize on investment strategies. The Polymer Modified Bitumen (PMB) Market is analyzed with an aim to provide assistance to the readers to gain maximum returns on the investment and to enable an informed decision-making process.
- global Polymer Modified Bitumen (PMB) market size reached USD 12.16 Billion in 2022 and is expected to register a steady revenue CAGR of 4.6% during the forecast period, according to latest analysis by Emergen Research. Increasing government initiatives to improve transportation infrastructure is a key factor driving market revenue growth. PMB represents a group of road bituminous specially designed and manufactured to improve the durability of asphalt. PMB is formed by mixing standard bitumen with polymers, which are either added to the bitumen in a pre-modification process or during the mixing process.
Emergen Research’s latest document, titled ‘ Polymer Modified Bitumen (PMB) Market - Forecast to 2027,’ is one of the most sought-after market reports involving an in-depth analysis of the Polymer Modified Bitumen (PMB) Market . The report’s authors have offered necessary details on the latest Polymer Modified Bitumen (PMB) Market trends and the crucial parameters impacting both short-term and long-term market growth. Its panoramic view of the Polymer Modified Bitumen (PMB) Market industry entails useful insights into the estimated Polymer Modified Bitumen (PMB) Market size, revenue share, and sales & distribution networks.
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Some Key Highlights from the Report
- The almond segment accounted for largest revenue share in the global Polymer Modified Bitumen (PMB) Market in 2022 due to rising demand for almond oil owing to various benefits. In the cosmetics sector, almond oil is often utilized in skin creams and antiaging treatments since it has emollient and sclerosant effects, as a result, is used to improve complexion and skin tone. Almond oil is also an effective antifungal agent, for instance, individuals rub it on the feet to prevent the removal of fungal illnesses such as ringworm. In addition, unsaturated fat diets have certain health benefits, such as a lower risk of heart disease and obesity, and aid in weight loss, as a result it is prescribed by doctors for maintaining good health.
- The cold-pressed nut oils segment is expected to register steadily fast revenue growth rate in the global Polymer Modified Bitumen (PMB) Market during the forecast period. This is because cold-pressed groundnut oil contains a high amount of vitamin E, which is being increasingly used in cosmetic applications including sun protection Sun Protection Factor (SPF) formulations that incorporate vitamin E and provide Ultraviolet (UVA) and UVB protection,. In addition, rising demand for cold-pressed nut oils in the hair care industry is another factor driving revenue growth of this segment. Cold-pressed nut oil is excellent for nourishing and moisturizing the hair and is particularly beneficial for dry, brittle, and damaged hair.
The leading companies operating in the Polymer Modified Bitumen (PMB) Market are:
Siemens AG, Honeywell International Inc., General Electric Company, Mitsubishi Electric, Rockwell Automation, Johnson Controls Inc., Schneider Electric, Yokogawa Electric Corporation, OMRON Corporation, Danaher Corporation
Questions addressed in the report:
- What is the estimated market growth rate throughout the forecast period?
- Which end-use industry is expected to witness the highest demand for Polymer Modified Bitumen (PMB) Market in the near future?
- What is the regulatory framework governing the application of Polymer Modified Bitumen (PMB) Market in the food industry?
- Which manufacturing processes are utilized for the production of Polymer Modified Bitumen (PMB) Market ?
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For the purpose of this report, Emergen Research has segmented the global Polymer Modified Bitumen (PMB) Market on the basis of nut type, packaging type, category, product form, distribution channel, end-use, and region:
· Nut Type Outlook (Revenue, USD Billion; 2019–2032)
-
- Almond
- Walnut
- Hazelnut
- Pine
- Pistachio
- Macadamia
- Others
· Packaging Type Outlook (Revenue, USD Billion; 2019–2032)
-
- Jars
- Bottles
- Pouches
- Others
· Category Outlook (Revenue, USD Billion; 2019–2032)
-
- Organic
- Conventional
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Polymer Modified Bitumen (PMB) Market Report - Table of contents:
- Chapter 1 includes the Polymer Modified Bitumen (PMB) Market introduction, followed by an overview of the market scope, product offerings, growth opportunities, market risks, driving forces, and others.
- Chapter 2 offers an exhaustive study of the key manufacturers of Polymer Modified Bitumen (PMB) Market industry, along with their anticipated sales and revenue shares.
- Chapter 3 elaborates on the competitive outlook of the Non Thermal Pasteurization Market, focusing on the major manufacturers and vendor landscape.
- Chapter 4 entails a broad market segmentation based on region and determines the sales, revenue, and market shares of each region over the estimated period.
- Chapters 5, 6, 7, 8, and 9 continue with market segmentation based on product type, application range, and market players.
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