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Modified Bitumen Market by Modifier Type (SBS, APP, Crumb Rubber, Natural Rubber), Application Method (Hot Asphalt, Cold Asphalt, Torch-Applied), End-Use Industry (Road Construction, Building Construction), and Region - Global Forecast to 2021

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Date: 24-Jan-2017
No. of pages: 211
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The modified bitumen market is projected to register a CAGR of 6.5% during the forecast period

The global modified bitumen market is projected to reach USD 19.29 billion by 2021, at a CAGR of 6.5% from 2016 to 2021. The growth of the market is attributed to the growing construction industry in emerging nations, cost-effectiveness of modified bitumen, and increasing demand for modified bitumen in regions such as Asia-Pacific and the Middle East & Africa. Modified bitumen is largely used in road construction. In addition, rising awareness about the benefits of modified bitumen is also fueling the demand.

Road Construction represents the bulk of the demand for modified bitumen

Modified bitumen has been widely used for road construction. Modified bitumen increases the lifetime, flexibility, and strength of the road which acts as a major driver for the use of modified bitumen. Modified bitumen are used for road construction which includes bridges & flyovers, tunnel liners, and airport runways highways.

The SBS segment is projected to grow at the highest CAGR during the forecast period

Modified bitumen is produced by blending normal bitumen with suitable polymers and other additives to improve the inherent properties of bitumen. The major modifiers used are atactic polypropylene (APP), styrene-butadiene-styrene (SBS), crumb rubber, and natural rubber. SBS is the most widely used modifier.SBS modified bitumen can deal with the stress created by temperature fluctuation, normal expansion and contraction. These factors acts as a major driver for the use of SBS.

“Asia-Pacific market estimated to grow at the highest CAGR during the forecast period”

Asia-Pacific is the largest market for modified bitumen, in terms of volume, followed by Europe and North America. China, the U.S., Germany, Canada, and Mexico are the largest consumers of modified bitumen. End-use industries such as road construction and building construction, represent the bulk of the demand for modified bitumen in Asia-Pacific.

In the process of determining and verifying the market size for the several segments and subsegments gathered through secondary research, extensive primary interviews were conducted as follows:


  • By Company Type: Tier 1 (43%), Tier 2 (36%), and Tier 3 (21%).

  • By Designation: C-level (21%), Director Level (29%), and Others (50%).

  • By Region: North America (36%),Europe (36%), Asia-Pacific (21%),and RoW (7%)


The key players profiled in the report include Sika AG (Switzerland), Nynas AB (Sweden), Total S.A. (France), Royal Dutch Shell Plc (Netherlands), Colas S.A. (France),Hindustan Colas Private Limited (India), Soprema Group (France), The Dow Chemical Company (U.S.), GAF Materials Corporation (U.S.), Gazprom Neft PJSC (Russia), Firestone Building Products Company (U.S.), PJSC Rosneft Oil Company (Russia), Fosroc International Limited (U.K.), Lagan Asphalt Group (Ireland), Bitumina Group (UAE), Global Road Technology (Australia), Texsa Systems Slu (Spain), Saint-Gobain Weber (France), Orlen Asfalt Sp. z.o.o. (Poland),Exxonmobil Corporation (U.S.), and W.R.Grace and Company (U.S.).

Study Coverage

This report covers the modified bitumen market, in terms of volume and value, and forecasts the market size till 2021. The report includes the market segmentation based on modifier type, application method, end-use industry, and region. It also provides company profiles and competitive strategies adopted by the key players in the global modified bitumen market.

Key benefits of buying the report:

This research report is focused on various levels of analysis-industry trends, market share analysis of key players, supply chain analysis, and company profiles, which together comprise and discuss the overall views on the competitive landscape; emerging and high-growth segments of the modified bitumen market; high-growth regions; and market drivers, restraints, opportunities, and challenges.

Modified Bitumen Market by Modifier Type (SBS, APP, Crumb Rubber, Natural Rubber), Application Method (Hot Asphalt, Cold Asphalt, Torch-Applied), End-Use Industry (Road Construction, Building Construction), and Region - Global Forecast to 2021

Table of Contents

1 Introduction
1.1 Objective of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 By Modifier Type
1.3.2 By End-Use Industry
1.3.3 By Application Method
1.4 Currency
1.5 Stakeholders

2 Research Methodology
2.1 Research Data
2.2 Modified Bitumen Market Research Data
2.2.1 Key Data From Secondary Sources
2.2.2 Key Data From Primary Sources
2.2.3 Key Industry Insights
2.3 Data Triangulation
2.4 Assumptions and Limitations
2.4.1 Assumptions
2.4.2 Limitations

3 Executive Summary
3.1 Executive Summary
3.2 Modified Bitumen Segment Analysis
3.3 Market Attractiveness Analysis

4 Premium Insights

5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.2.1 Modified Bitumen Market, By Region
5.2.2 Modified Bitumen Market, By Modifier
5.2.3 Modified Bitumen Market, By End Use Industry
5.2.4  Modified Bitumen Market, By Application Method
5.3 Market Dynamics
5.3.1 Drivers
5.3.2 Restraints
5.3.3 Opportunities
5.3.4 Challenges
5.4 Impact Analysis
5.4.1 Short Term and Mid Term Outlook
5.4.2 Long Term Outlook

6 Industry Trends
6.1 Supply Chain Analysis
6.2 Porter’s Five Forces Analysis
6.2.1 Bargaining Power of Suppliers
6.2.2 Bargaining Power of Buyers
6.2.3 Threat of New Entrants
6.2.4 Threat of Substitutes
6.2.5 Intensity of Rivalry
6.3  Macroeconomic Overview

7 Modified Bitumen Market, By Modifier Type
7.1 Introduction
7.2 Styrene-Butadiene-Styrene (SBS)
7.3 Atactic Polypropylene (APP)
7.4 Crumb Rubber
7.5 Natural Rubber
7.6 Others

8 Modified Bitumen Market, By End-Use Industry
8.1 Introduction
8.2 Road Construction
8.3 Building Construction
8.4 Others

9 Modified Bitumen Market, By Application Method
9.1 Introduction
9.2 Hot Asphalt Method
9.3 Cold Asphalt Method
9.4 Torch Applied Method
9.5 Others

10 Modified Bitumen Market, By Region
10.1 Introduction
10.2 North America
10.2.1 U.S.
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 France
10.3.2 Germany
10.3.3 Italy
10.3.4 Spian
10.3.5 United Kingdom
10.3.6 Russia
10.3.7 Rest of Europe
10.4 Asia-Pacific
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 Indonesia
10.4.5 Vietnam
10.4.6 Singapore
10.4.7 Malaysia
10.4.8 Rest of Asia-Pacific
10.5 South America
10.5.1 Brazil
10.5.2 Argentina
10.5.3 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 U.A.E.
10.6.3 South Africa
10.6.4 Turkey
10.6.5 Rest of Middle East & Africa

11 Competitive Landscape
11.1 Overview
11.2 New Product Launches, 2015-2016
11.3 Mergers & Acquisitions, 2015-2016
11.4 Contracts & Agreements, 2015-2016
11.5 Expansions, 2015-2016

12 Company Profiles
12.1 Sika AG
12.2 Nynas AB
12.3 Total S.A.
12.4 Royal Dutch Shell PLC
12.5 Colas S.A.
12.6 Hindustan Colas Private Limited
12.7 Soprema Group
12.8 The DOW Chemical Company
12.9 GAF Materials Corporation
12.10 Gazprom Neft PJSC
12.11 PJSC Rosneft Oil Company
12.12 Saint-Gobain Weber
12.13 Orlen Asfalt SP. Z.O.O.
12.14 Exxonmobil Corporation
12.15 W.R.Grace and Company
12.16 Firestone Building Products Company
12.17 Fosroc International Limited
12.18 Lagan Asphalt Group
12.19 Bitumina Group
12.20 Global Road Technology
12.21 Texsa Systems SLU

List of Tables

Table 1 Modified Bitumen Market, By Modifier Type
Table 2 Modified Bitumen Market Size, By End-Use Industry
Table 3 Modified Bitumen Market Size, By Application Method
Table 4 Macroeconomic Indicators
Table 5 Modified Bitumen Market Size, By Modifier Type, 2014–2021 (KT)
Table 6 Modified Bitumen Market Size, By Modifier Type, 2014–2021 (USD Million)
Table 7 SBS Modified Bitumen Market Size, By Region, 2014–2021 (KT)
Table 8 APP Modified Bitumen Market Size, By Region, 2014–2021 (KT)
Table 9 Crumb Rubber Modified Bitumen Market Size, By Region, 2014–2021 (KT)
Table 10 Natural Rubber Modified Bitumen Market Size, By Region, 2014–2021 (KT)
Table 11 Other Type of Modifiers
Table 12 Other Modified Bitumen Market Size, By Region, 2014–2021 (KT)
Table 13 Modified Bitumen Market Size, By End-Use Industry, 2014–2021 (KT)
Table 14 Modified Bitumen Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 15 Modified Bitumen Application in Road Construction
Table 16 Modified Bitumen Market Size in Road Construction, By Region, 2014–2021 (KT)
Table 17 Modified Bitumen Market Size in Road Construction, By Region, 2014–2021 (USD Million)
Table 18 Modified Bitumen Application in Building Construction
Table 19 Modified Bitumen Market Size in Building Construction, By Region, 2014–2021 (KT)
Table 20 Modified Bitumen Market Size in Building Construction, By Region, 2014–2021 (USD Million)
Table 21 Modified Bitumen Application in Other End-Use Industries
Table 22 Modified Bitumen Market Size in Other End-Use Industry, By Region, 2014–2021 (KT)
Table 23 Modified Bitumen Market Size in Other End-Use Industry, By Region, 2014–2021 (USD Million)
Table 24 Modified Bitumen Market Size, By Application Method, 2014–2021 (KT)
Table 25 Modified Bitumen Market Size, By Application Method, 2014–2021 (USD Million)
Table 26 Modified Bitumen Market Size for Hot Asphalt, By Region, 2014-2021 (KT)
Table 27 Modified Bitumen Market Size for Cold Asphalt, By Region, 2014–2021 (KT)
Table 28 Modified Bitumen Market Size for Torch Applied, By Region, 2014-2021 (KT)
Table 29 Modified Bitumen Market Size in Other Application Method, By Region, 2014-2021 (KT)
Table 30 Modified Bitumen Market Size, By Region, 2014–2021 (KT)
Table 31 Modified Bitumen Market Size, By Region, 2014–2021 (USD Million)
Table 32 North America: Modified Bitumen Market Size, By Country, 2014–2021 (KT)
Table 33 North America: Modified Bitumen Market Size, By End-Use Industry, 2014–2021 (KT)
Table 34 North America: Modified Bitumen Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 35 North America: Modified Bitumen Market Size, By Modifier Type, 2014–2021 (KT)
Table 36 North America: Modified Bitumen Market Size, By Application Method, 2014–2021 (KT)
Table 37 U.S.: Modified Bitumen Market Size, By End-Use Industry, 2014–2021 (KT)
Table 38 Canada: Modified Bitumen Market Size, By End-Use Industry, 2014–2021 (KT)
Table 39 Mexico: Modified Bitumen Market Size, By End-Use Industry, 2014–2021 (KT)
Table 40 Europe: Modified Bitumen Market Size, By Country, 2014–2021 (KT)
Table 41 Europe: Modified Bitumen Market Size, By End-Use Industry, 2014–2021 (KT)
Table 42 Europe: Modified Bitumen Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 43 Europe: Modified Bitumen Market Size, By Modifier Type, 2014–2021 (KT)
Table 44 Europe: Modified Bitumen Market Size, By Application Method, 2014–2021 (KT)
Table 45 France: Modified Bitumen Market Size, By End-Use Industry, 2014–2021 (KT)
Table 46 Germany: Modified Bitumen Market Size, By End-Use Industry, 2014–2021 (KT)
Table 47 Italy: Modified Bitumen Market Size, By End-Use Industry, 2014–2021 (KT)
Table 48 Spain: Modified Bitumen Market Size, By End-Use Industry, 2014–2021 (KT)
Table 49 U.K.: Modified Bitumen Market Size, By End-Use Industry, 2014–2021 (KT)
Table 50 Russia: Modified Bitumen Market Size, By End-Use Industry, 2014–2021 (KT)
Table 51 Rest of Europe: Modified Bitumen Market Size, By End-Use Industry, 2014–2021 (KT)
Table 52 Asia-Pacific: Modified Bitumen Market Size, By Country, 2014–2021 (KT)
Table 53 Asia-Pacific: Modified Bitumen Market Size, By End-Use Industry, 2014–2021 (KT)
Table 54 Asia-Pacific: Modified Bitumen Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 55 Asia-Pacific: Modified Bitumen Market Size, By Modifier Type, 2014–2021 (KT)
Table 56 Asia-Pacific: Modified Bitumen Market Size, By Application Method, 2014–2021 (KT)
Table 57 China: Modified Bitumen Market Size, By End-Use Industry, 2014–2021 (KT)
Table 58 Japan: Modified Bitumen Market Size, By End-Use Industry, 2014–2021 (KT)
Table 59 India: Modified Bitumen Market Size, By End-Use Industry, 2014–2021 (KT)
Table 60 Indonesia: Modified Bitumen Market Size, By End-Use Industry, 2014–2021 (KT)
Table 61 Vietnam: Modified Bitumen Market Size, By End-Use Industry, 2014–2021 (KT)
Table 62 Singapore: Modified Bitumen Market Size, By End-Use Industry, 2014–2021 (KT)
Table 63 Malaysia: Modified Bitumen Market Size, By End-Use Industry, 2014–2021 (KT)
Table 64 Rest of Asia-Pacific: Modified Bitumen Market Size, By End-Use Industry, 2014–2021 (KT)
Table 65 Latin America: Modified Bitumen Market Size, By Country, 2014–2021 (KT)
Table 66 Latin America: Modified Bitumen Market Size, By End-Use Industry, 2014–2021 (KT)
Table 67 Latin America: Modified Bitumen Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 68 Latin America: Modified Bitumen Market Size, By Modifier Type, 2014–2021 (KT)
Table 69 Latin America: Modified Bitumen Market Size, By Application Method, 2014–2021 (KT)
Table 70 Brazil: Modified Bitumen Market Size, By End-Use Industry, 2014–2021 (KT)
Table 71 Argentina: Modified Bitumen Market Size, By End-Use Industry, 2014–2021 (KT)
Table 72 Rest of Latin America: Modified Bitumen Market Size, By End-Use Industry, 2014–2021 (KT)
Table 73 Middle East & Africa: Modified Bitumen Market Size, By Country, 2014–2021 (KT)
Table 74 Middle East & Africa: Modified Bitumen Market Size, By End-Use Industry,
Table 75 Middle East & Africa: Modified Bitumen Market Size, By End-Use Industry, 2014–2021 (USD Million)
Table 76 Middle East & Africa: Modified Bitumen Market Size, By Modifier Type, 2014–2021 (KT)
Table 77 Middle East & Africa: Modified Bitumen Market Size, By Application Method, 2014–2021 (KT)
Table 78 Saudi Arabia: Modified Bitumen Market Size, By End-Use Industry, 2014–2021 (KT)
Table 79 U.A.E.: Modified Bitumen Market Size, By End-Use Industry, 2014–2021 (KT)
Table 80 South Africa: Modified Bitumen Market Size, By End-Use Industry, 2014–2021 (KT)
Table 81 Turkey: Modified Bitumen Market Size, By End-Use Industry, 2014–2021 (KT)
Table 82 Rest of Middle East & Africa: Modified Bitumen Market Size, By End-Use Industry, 2014–2021 (KT)
Table 83 New Product Launches, 2015-2016
Table 84 Mergers & Acquisitions, 2015-2016
Table 85 Contracts & Agreements, 2015-2016
Table 86 Expansions, 2015-2016
Table 87 Sika AG: Product Offered
Table 88 Sika AG: Recent Developments, 2015-2016
Table 89 Nynas AB: Product Offered
Table 90 Nynas AB: Recent Developments, 2015-2016
Table 91 Total S.A.: Product Offered
Table 92 Royal Dutch Shell PLC: Product Offered
Table 93 Royal Dutch Shell PLC: Recent Developments, 2015-2016
Table 94 Colas S.A.: Product Offered
Table 95 Colas S.A.: Recent Developments, 2015–2016
Table 96 Hindustan Colas Private Limited: Product Offered
Table 97 Soprema Group: Product Offered
Table 98 Soprema Group: Recent Developments, 2015-2016
Table 99 The DOW Chemical Company: Product Offered
Table 100 GAF Materials Corporation: Product Offered
Table 101 GAF Materials Corporation: Recent Developments, 2015-2016
Table 102 Gazprom Neft PJSC: Product Offered
Table 103 Gazprom Neft PJSC: Recent Developments, 2015-2016
Table 104 PJSC Rosneft Oil Company: Product Offered
Table 105 Saint-Gobain Weber: Product Offered
Table 106 Orlen Asfalt SP. Z.O.O.: Product Offered
Table 107 Exxonmobil Corporation: Product Offered
Table 108 W.R.Grace and Company: Product Offered
Table 109 Firestone Building Products Company: Product Offered
Table 110 Fosroc International Limited: Product Offered
Table 111 Lagan Asphalt Group: Product Offered
Table 112 Bitumina Group: Product Offered
Table 113 Global Road Technology: Product Offered
Table 114 Texsa Systems SLU: Product Offered

List of Figures

Figure 1 Modified Bitumen Market Segmentation
Figure 2 Modified Bitumen Market Segmentation, By Region & By Country
Figure 3 Years Considered for the Study
Figure 4 Modified Bitumen Market: Research Design
Figure 5 Breakdown of Primary Interviews
Figure 6 Excerpts From Primary Interviews
Figure 7 Research Methodology: Top-Down Approach
Figure 8 Research Methodology: Bottom-Up Approach
Figure 9 SBS Based Modified Bitumen is Expected to Continue to Dominate the Modified Bitumen Market in 2021
Figure 10 Road Construction to Be the Fastest-Growing End-Use Segment During the Forecast Period
Figure 11 Asia-Pacific Market to Register Highest CAGR During Forecast Period
Figure 12 Modified Bitumen Market to Register High Growth Due to Booming Construction Industry
Figure 13 Asia-Pacific to Dominate the Modified Bitumen Market
Figure 14 Modified Bitumen Market Share (%), 2015 (By Value)
Figure 15 India to Register Highest Growth Rate in Asia During the Forecast Period
Figure 16 China to Continue Dominating the Modified Bitumen Market
Figure 17 Modified Bitumen Market, By Region
Figure 18 Modified Bitumen Market: Drivers, Restraints, Opportunities and Challenges
Figure 19 Impact Analysis for Modified Bitumen Market
Figure 20 Modified Bitumen Supply Chain
Figure 21 Porter’s Five Forces Analysis: Modified Bitumen
Figure 22 Modified Bitumen Market Segmentation, By Modifier Type
Figure 23 Modified Bitumen Market Segmentation, By End-Use Industry
Figure 24 Modified Bitumen Market Segmentation, By Application Method
Figure 25 Modified Bitumen Market Share, By Region, 2015 (Volume)
Figure 26 Modified Bitumen Market Share, By Region, 2015 (Value)
Figure 27 North America: Modified Bitumen Market
Figure 28 North America: Modified Bitumen Market Share (Volume), By Country, 2015
Figure 29 U.S.: Modified Bitumen Market Size, By End-Use Industry, 2015 (KT)
Figure 30 Canada: Modified Bitumen Market Size, By End-Use Industry, 2015 (KT)
Figure 31 Mexico: Modified Bitumen Market Size, By End-Use Industry, 2015 (KT)
Figure 32 Mexico: Modified Bitumen Market Share, By End-Use, 2015 vs 2021 (Volume)
Figure 33 Europe: Modified Bitumen Market
Figure 34 Europe: Modified Bitumen Market Share, By Country, 2015 (Volume)
Figure 35 Italy: Modified Bitumen Market Size, By End-Use Industry, 2015 (KT)
Figure 36 Germany: Modified Bitumen Market Size, By End-Use Industry, 2015 (KT)
Figure 37 France: Modified Bitumen Market Size, By End-Use Industry, 2015 (KT)
Figure 38 U.K.: Modified Bitumen Market Size, By End-Use Industry, 2015 (KT)
Figure 39 Rest of Europe: Modified Bitumen Market Share, By End-Use, 2015 vs 2021 (Volume)
Figure 40 Asia-Pacific: Modified Bitumen Market
Figure 41 Asia-Pacific: Modified Bitumen Market Share, By Country, 2015 (Volume)
Figure 42 Indonesia: Modified Bitumen Market Size, By End-Use Industry, 2015 (KT)
Figure 43 China: Modified Bitumen Market Size, By End-Use Industry, 2015 (KT)
Figure 44 India: Modified Bitumen Market Size, By End-Use Industry, 2015 (KT)
Figure 45 Vietnam: Modified Bitumen Market Size, By End-Use Industry, 2015 (KT)
Figure 46 South America: Modified Bitumen Market
Figure 47 South America: Modified Bitumen Market Share, By Country, 2015 (Volume)
Figure 48 Brazil: Modified Bitumen Market Size, By End-Use Industry, 2015 (KT)
Figure 49 Argentina: Modified Bitumen Market Size, By End-Use Industry, 2015 (KT)
Figure 50 Rest of South America: Modified Bitumen Market Share, By End-Use, 2015 vs 2021 (Volume)
Figure 51 Middle East & Africa: Modified Bitumen Market
Figure 52 Middle East & Africa: Modified Bitumen Market Share, By Country, 2015 (Volume)
Figure 53 Turkey :Modified Bitumen Market Size, By End-Use Industry, 2015 (KT)
Figure 54 Saudi Arabia: Modified Bitumen Market Size, By End-Use Industry, 2015 (KT)
Figure 55 U.A.E.: Modified Bitumen Market Size, End-Use Industry, 2015 (KT)
Figure 56 South Africa: Modified Bitumen Market Size, By End-Use Industry, 2015 (KT)
Figure 57 Rest of Middle East & Africa: Modified Bitumen Market Share, By End-Use, 2015 vs 2021 (Volume)
Figure 58 Companies Adopted Expansions and New Product Launches as Their Key Growth Strategies (2015-2016)
Figure 59 Key Players in Modified Bitumen Market (2015)
Figure 60 Modified Bitumen Market Share for India
Figure 61 Battle for Market Share: New Product Launches is the Key Strategy (2015-2016)

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