The global polymer modified bitumen market size was USD 11.35 billion in 2020.s The market is estimated to grow from USD 11.77 billion in 2021 to USD 16.26 billion in 2028 at a CAGR of 4.7% during the 2021-2028 period. According to our research experts, the market is projected to perceive widespread growth owing to the rising demand from the construction sector. Moreover, market growth is determined by factors such as strengthening bitumen with polymers augment properties such as cohesiveness, forte, resistance to distortion as well as fatigue. This vital piece of information is published by Fortune Business Insights™, in its report, titled, “Polymer Modified Bitumen Market, 2021-2028.”

Information Source-

https://www.fortunebusinessinsights.com/polymer-modified-bitumen-market-106317

Report Coverage

The report offers a detailed study of the market and a keen examination of the major segments of the market. It provides an in-depth analysis of key players and their insightful strategies to spur market growth for monetary gains. It also shares tangible insights which guide business owners with their investment perspective. The regional dynamics and how they shape the market in an upward curve are presented in the following report. Moreover, COVID-19 impacts have been added for additional information and how it is expected to affect the demand for polymer-modified bitumen in the upcoming future.

 

Industry Development

November 2019: Gazprom Neft Bitumen Materials engaged in a co-operation deal with the Transport and Construction Complex Research Institute on developing high tech bitumen binders utilized for roadbuilding.