- Project plans
- Project activities
- Legislation and standards
- Industry context
Last edited 10 Apr 2017
The global modified bitumen market was valued at USD 13.22 Billion in 2015 and is projected to reach USD 19.29 Billion by 2021, growing at a CAGR of 6.5%. Road construction is projected to growth at the highest rate during the forecast period.
The use of modified bitumen has increased in road and building construction in the Asia-Pacific and the Middle East & Africa regions, due to the growing awareness of benefits such as low maintenance cost and efficiency. Modified bitumen is used for road construction which includes tunnel liners, bridges and flyovers, highways, and airport runways, where high material performances is required.
The Styrene-Butadiene-Styrene (SBS) segment is estimated to be the largest segment of the, by modifier type, in terms of value and volume. SBS is a premier modifier used for road construction in places with heavy traffic to reduce low temperature thermal stress cracking, abrasion, deformation, flushing, and to provide high tensile strength. SBS modified bitumen and Atactic Polypropylene (APP) modified bitumen are commonly applied by the hot asphalt method.
Asia-Pacific is the largest market for modified bitumen, in terms of volume, followed by Europe and North America. China, U.S., Germany, Canada and Mexico. End-use industries, such as road and building construction represent the bulk of the demand for modified bitumen in the Asia-Pacific region. Rising awareness about the benefits of modified bitumen has driven demand in Asia-Pacific countries, such as China, Japan, and India.
The key players in the global modified bitumen market include Sika AG (Switzerland), Nynas AB (Sweden), Total S.A. (France), Royal Dutch Shell Plc (Netherlands), and Colas S.A. (France).
Featured articles and news
When is there a right to light, and what happens if it is obstructed?
What would the nationalisation of economic infrastructure mean for GB?
A new guide to improving value by reducing design error.
We've reached 80,000 page views a day and 10,000 registered users. Why not join them?
A masterplan is a framework within which a location is encouraged to develop or change. Read our introductory article.
New consultation announced on a specialist Housing Court to settle landlord-tenant disputes.
ICE responds to a transport consultation advising the government to make decisions enabling more inclusive cities.
BRE and Loughborough University complete first phase refurbishment of demonstration home.
How the risk of collapse of fibrous plaster ceilings is being addressed in theatres.
If you’re a great writer and have practical experience of the construction industry, it could be you.
Frustrated by long documents or technical jargon? Put off by sign-up forms or costs? Take this 5 min survey to help improve construction knowledge.