Modified Bitumen Market Share, Emerging Trends, Analysis and Forecasts 2022 “Road construction segment accounts for the largest market share of Modified Bitumen Market and is estimated to lead the overall market in the years to come. The reason being, rising road construction manufacturers of the modified bitumen in developing countries like Indonesia, India, and Vietnam.�
Global Modified Bitumen Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are rising enormously across the globe. Bitumen modifiers are certain additives or blend additives that can improve the properties of Bitumen and bituminous mixes. Bitumen treated with these modifiers is termed as modified bitumen. The factors that are playing a major role in the growth of Modified Bitumen Industry are, it is cost-efficient, rising construction industries in developing regions, and high demand in Asia Pacific. On the other hand, lack of awareness regarding the advantages of modified bitumen is a factor that may restrain the overall market growth. Modified Bitumen Market is segmented based on modifier type, applications, end-use industry, and region. Modifier type such as Natural Rubber, Styrene-Butadiene-Styrene (SBS), Crumb Rubber, Atactic Polypropylene (APP), and others (Fiber, Polypropylene, Gilsonite, Polyvinyl Chloride, Ethylene Vinyl Acetate, Epoxy Resin, and Styrene Butadiene Rubber) classify the market. In terms of value and volume, the Styrene-Butadiene-Styrene (SBS) segment is estimated to lead the overall market. The reason being, it is used to reduce low temperature thermal stress cracking in places with heavy traffic, deformation, and abrasion, and offers high tensile strength. Applications into Torch Applied, Hot Asphalt, Cold Asphalt, and others (Self-Adhering, Mechanically Fastened) classify Modified Bitumen Industry. Browse Full Research Report @ https://www.millioninsights.com/industry-reports/modified-bitumen-market