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Polymer Modified Bitumen Pmb Market by Type (Thermoplastic Elastomers, Plastomers) by Application (Road construction, Roofing, Others) by Region and Forecast 2019 to 2025
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Polymer Modified Bitumen Pmb Market Size and Share 2025 • Adroit Market Research released its research study on “Global Polymer Modified Bitumen Size by Type (Thermoplastic Elastomers, Plastomers) by Application (Road construction, Roofing, Others) by Region and Forecast 2019 to 2025”. The study covers the global market value and volume for the period ranging in between 2015 to 2025, where 2015 to 2017 imply the historical value, with 2018 as the base year and forecast period as 2019 to 2025. The global polymer modified bitumen market report also includes qualitative insights of the market such as market dynamics, company overview and financial performance. • Global polymer modified bitumen market size was valued at USD 6,862.7 million in 2018 and is expected to reach USD 9,805.3 million by 2025, at a CAGR of 5.3% over the forecast period. Increasing economic development in economies such as India, China, Southeast Asia, and Brazil, followed by supportive government investment for roadways and infrastructure development projects is expected to drive the polymer modified bitumen market concentration over the forecast period. Bitumen is one of the oldest recognized engineering products. Bitumen has a considerable industrial history, as it had been used in many ways, including as an adhesive, screening agent, preservative, washing agent and pavement binding agent. The chemical composition of manufactured bitumen is very complicated and variable; and it is strongly linked to crude oil sources and refinery procedures. Some outstanding bitumen features can be achieved by selecting high quality crude oil or suitable refinery processes. The limited petroleum resources as well as lack of effective refinery controls however increase the focus on bitumen alteration thus achieving a better financial benefit to the market. . .
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Polymer Modified Bitumen Pmb Market Size and Share 2025 • Different floor kinds involve different demands for performance.. Only when the technology is economical can people maximize their benefits and become renowned. In the case of modified polymer bitumen, the costs are high when the polymer is taken, whereas the quantity of polymer generally affects the final degree of performance of modified polymer bitumen. The designers must therefore know how efficient roads need to be before building, and whether and how much PMB should be used. • In the U.S., a significant increase in public and private sector partnerships for highway infrastructure development has been witnessed over the recent years. In 2018, the public sector in the country spent more than USD 90.0 billion on construction of roadways and highways. The spending value is likely to surpass USD 100 billion in the next three years, with strong growth in nearly 20 states in the country. In order to sustain heavy transits, development of roadways requires use of efficient use of construction materials that not only enhance the performance of road surfaces but also the durability to sustain climatic variations. These requirements are expected to offer a favourable scope for consumption of polymers that enhance the rheology of asphalt or bitumen over the years ahead. The non-building construction sector has witnessed steady expansion in Canada since the last few years. According to Oxford Economics, the total infrastructure investments in Canada reached USD 187,800 million in the last five years.
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Polymer Modified Bitumen Pmb Market Size and Share 2025 • .Key segments of the global polymer modified bitumen market • Type Overview, 2015-2025 (USD million) • Thermoplastic Elastomers
• Plastomers • Application Overview, 2015-2025 (USD million)
• Road Construction • Roofing • Others
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Adroit Market Research is an India-based business analytics and consulting company. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps. Our analysts have tracked high growth markets in chemicals & materials, healthcare & pharmaceuticals, semiconductor & electronics, energy & power, food & retail, consumer goods, technology, and machinery & equipment sectors across the world to identify new opportunities, potential customers, prepare go-to-market (GTM) strategies, identify segments for revenue growth for companies, and many more.
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