The global Modified Bitumen Market is expected to grow at a 6% CAGR from 2024 to 2030. It is expected to reach above USD 30.4 billion by 2030 from USD 18 billion in 2023.

A comprehensive examination of the recently released research report from Exactitude Consultancy, titled “Global Modified Bitumen Market Size, Share, Pricing, Trends, Growth, Opportunities, and Forecast 2024-2030” is presented. This study encompasses essential insights into the target market, including projections regarding potential revenue, customer demands, regional assessments, and the principal elements poised to influence the market’s future trajectory. The report offers insights into prominent companies operating in the industry, newcomers to the market, supply chain innovations, financial considerations, noteworthy industry events, technological advancements, and forthcoming strategies, including mergers and acquisitions. To present readers with a holistic perspective of the market, the report categorizes the global Modified Bitumen market based on criteria such as type, applications, distribution channels, geography, and more.

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Year Considered to Estimate the Market Size:

·         Base Year of the Analysis: 2023

·         Historical Period: 2018-2023

·         Forecast Period: 2024-2030

Competitive Landscape

The Modified Bitumen market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Modified Bitumen market.

Leading Key players included in this Report are:

Major players in the Modified Bitumen Market are identified through secondary research and their market revenues determined through primary and secondary research are: Bouygues, BP PLC, China Petrochemical Corporation, Exxon Mobil Corporation, Icopal ApS, Indian Oil Corporation Ltd, JXTG Nippon Oil & Energy Corporation, Kraton Corporation, Marathon Oil Company, and Nynas AB. among other domestic.

In April 2021, GOIL Ltd. has announced that 82% of the construction of a new bitumen plant has been completed in April month of 2021, and the remaining work will be completed by September 2021.

In May 2021, Praj Industries has announced that the company has developed a technology to produce Bio-bitumen based on lignin.

In September 2020, Gulf Petrochem, in United Arab Emirates, acquired the Speciality Bitumen Plant of Royal Dutch Shell located at Vadodara, India.

Modified Bitumen Market Segmentation:

Modified Bitumen Market by Modifier Type, 2024-2030, (IN USD Million)

Styrene-Butadiene-Styrene

Atactic Polypropylene

Crumb Rubber

Natural Rubber

Others

Polypropylene

Polyvinyl Chloride

Epoxy Resin

Polyurethane Resin

Styrene Butadiene Rubber

Ethylene Vinyl Acetate

Gilsonite

Fiber

Modified Bitumen Market by Applications, 2024-2030, (In USD Million)

Hot Asphalt

Cold Asphalt

Torch Applied

Others

Mechanically Fastened

Self-Adhering

Modified Bitumen Market by End Use, 2024-2030, (In USD Million)

Road Construction

Building Construction

Others

Waste & Water Management

Industrial Areas

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https://exactitudeconsultancy.com/reports/4318/modified-bitumen-market/

Regional Outlook:

◘ North America (United States, Canada, and Mexico)

◘ Europe (Germany, France, UK, Russia, and Italy)

◘ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

◘ South America (Brazil, Argentina, Colombia, etc.)

◘ The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

Important Features that are under offering & key highlights of the report:

- Detailed overview of Modified Bitumen market

- Changing market dynamics of the industry

- In-depth market segmentation by Type, Application, etc.

- Historical, current and projected market size in terms of volume and value

- Recent industry trends and developments

- Competitive landscape of Modified Bitumen market

- Strategies of key players and product offerings

- Potential and niche segments/regions exhibiting promising growth

- A neutral perspective towards Modified Bitumen market performance

- Market player’s information to sustain and enhance their footprint

Key Benefits:

⏩ This study gives a detailed analysis of drivers, restrains, opportunities and challenges limiting the market expansion of Modified Bitumen market.

⏩ A descriptive analysis of demand-supply gap, estimation and forecast in the global Modified Bitumen market.

⏩ Porter’s five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

⏩ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Modified Bitumen Market.

Following are some of the Most Important Questions that are Answered in this Report:

➟ What are the key regulatory frameworks governing significant sectors within the Modified Bitumen Market?

➟ Which technological advancements are exerting the most significant influence on the projected growth of the global Modified Bitumen Market?

➟ Who are the leading global enterprises currently exerting significant control over the majority of the Modified Bitumen Market?

➟ What primary business models are typically employed by the major companies in this market?

➟ What are the pivotal factors expected to impact the global expansion of the Modified Bitumen Market?

➟ How do major companies operating in the global Modified Bitumen Market space incorporate crucial strategies?

➟ What are the existing revenue contributions of various product categories in the global Modified Bitumen Market, and what changes are anticipated in this regard?

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·         Unbiased conclusions and market insights.

·         24×7 customer service available to address client queries.

·         Highly efficient and experienced team of analysts striving to create top-quality reports.

·         Our reports have facilitated the growth of over 500 companies.

·         The systematic and methodical market research process.

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