San Francisco, California, August 31, 2018: Bitumen is mainly used in the construction industry alongside other materials for building roads and roofs. This is because of its excellent water proofing and thermoplastic behavior. A modified bitumen is a more evolved version that is chemically fortified. A report on its market by TMR Research, titled, “Modified Bitumen Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017–2025,” finds that the high resistance of the product to permanent deformation is one of its greatest USPs. It proves particularly useful when used alongside asphalt for building roads meant to withstand extreme temperatures or heavy traffic.
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The global modified bitumen market is predicted to soar owing to the products increased elasticity, greater lifespan, lesser maintenance costs, and better drainage properties. Massive opportunities are being generated in the market owing to increasing industrialization and urbanization which are leading to increased construction activities. Apart from building and road construction, modified bitumen market is also receiving a boost because of the waterproofing applications of the product.
Plastomers and thermoplastic elastomers mostly used for bitumen modification are styrene-butadiene-styrene (SBS), polypropylene (PP), ethylene-butyl acrylate (EBA), styrene-isoprenestyrene (SIS), ethylene-vinyl acetate (EVA), atactic polypropylene (APP), crumb rubber, and natural rubber. Currently, the SBS account for a substantial share in the global modified bitumen market; the properties it imparts to bitumen has greatly served to enhance its application areas.
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Geographically, the global modified bitumen market is mainly being led by Asia Pacific and Latin America because of the increasing infrastructure building in the regions. Some of the key players operating in the global modified bitumen market that have been profiled in the report are Nynas AB, Royal Dutch Shell Plc., Sika AG, and Total S.A. The report throws light on their sales and revenues, market shares, and growth prospects going forward.