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The polymer modified bitumen market share should rise by USD 2.73 billion from 2022 to 2026 at a CAGR of 4.23%.
This polymer modified bitumen market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (road construction, roofing, and others) and geography (APAC, North America, Europe, South America, and MEA). The polymer modified bitumen market report also offers information on several market vendors, including AMT Techno, Benzene International Pte Ltd., Breedon Group plc, Indian Oil Corp. Ltd., Nynas AB, Ooms International BV, PJSC Gazprom Neft, Royal Dutch Shell Plc, Sika AG, and Tiki Tar Industries among others.
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The global increase in road construction activities is notably driving the polymer modified bitumen market growth, although factors such as volatility in raw material prices may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the polymer modified bitumen industry. The holistic analysis of the drivers will help in predicting end goals and refining marketing strategies to gain a competitive edge.
This polymer modified bitumen market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
The vendor landscape of the polymer modified bitumen market entails successful business strategies deployed by the vendors. The polymer modified bitumen market is concentrated and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the polymer modified bitumen market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
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35% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for polymer modified bitumen market in APAC.
The report offers an up-to-date analysis of the geographical composition of the market. APAC has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. Superior properties of polymer modified bitumen will facilitate the polymer modified bitumen market growth in APAC over the forecast period. The report offers an up-to-date analysis of the geographical composition of the market, competitive intelligence, and regional opportunities in store for vendors.
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The polymer modified bitumen market share growth by the road construction segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2022-2026 and embrace technologies to improve business efficiency.
This report provides an accurate prediction of the contribution of all the segments to the growth of the polymer modified bitumen market size. Furthermore, our analysts have indicated actionable market insights on post COVID-19 impact on each segment, which is crucial to predict change in consumer demand.
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Polymer Modified Bitumen Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.23% |
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Market growth 2022-2026 |
$ 2.73 billion |
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Market structure |
Concentrated |
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YoY growth (%) |
3.75 |
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Regional analysis |
APAC, North America, Europe, South America, and MEA |
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Performing market contribution |
APAC at 35% |
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Key consumer countries |
China, US, Russian Federation, Canada, and India |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Companies profiled |
AMT Techno, Benzene International Pte Ltd., Breedon Group plc, Indian Oil Corp. Ltd., Nynas AB, Ooms International BV, PJSC Gazprom Neft, Royal Dutch Shell Plc, Sika AG, and Tiki Tar Industries |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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