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(EstateNewsWire.com, May 22, 2017 ) Modified bitumen is a derivative of bitumen with modifiers that impart plastic or rubber-like properties. Atactic polypropylene (APP) and styrene butadiene styrene (SBS) are among the most common types of modifiers used in the manufacture of modified bitumen. Modified bitumen is preferred for the benefits its offers such as increased fatigue life and high resistance to distortion. It is mainly used in road construction, building construction, and other applications, including waterproofing and industrial use.
Technavios analysts forecast the global modified bitumen market to grow at a CAGR of 6.31% during the period 2017-2021.
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The Increase in building renovations and remodeling will be one of the primary drivers for the market’s growth. In addition to the demand for bitumen in road constructions, the market is also witnessing an increased demand for bitumen in building renovations and remodeling. With the rise in prices of houses increasing the global demand for repairing and remodeling houses, there will be a considerable increase in the demand for modified bitumen especially for roofing applications. Additionally, the increase in employment rates in countries such as India and China will also drive the demand for modified bitumen.
One of the latest trends that will gain traction in the global modified bitumen market is the utilization of self-adhered products. Self-adhered modified bitumen pads have shown a lasting trend in the consumption pattern as an upgrade on roofing applications and is used for ice dam protection for shingle roofs. Self-adhered products offer benefits like the ease of installation, solution for fire resistance, and are used as base sheets and cap sheets for waterproofing membranes. Moreover, self-adhered modified bitumen membranes are also used to eliminate fumes during the construction of roofing applications and lower the odor emanating during the installation process.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Modified Bitumen Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Colas
Nynas
Royal Dutch Shell
Sika
Total
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Other prominent vendors
Saint-Gobain Weber
GAF
ExxonMobil
Dow Chemical
Rosneft
ORLEN Asfalt
W. R. Grace
Firestone Building Products
Fosroc
Lagan
Market driver
Furtherance of transport sector and infrastructural development.
For a full, detailed list, view our report
Market challenge
Sustainability and environmental concerns.
For a full, detailed list, view our report
Market trend
Inclusion of granule-free areas.
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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