The global Polymer Modified Bitumen industry has a rather high concentration. The major manufacturers are concentrated in China, USA, Europe, Southeast Asia, India and Korea, such as Total, Shell, SK, Exxon Mobil and TIPCO ASPHALT. At present, Shell is the world leader, holding 8.92% production market share in 2016.
The global consumption of Polymer Modified Bitumen increases from 8596 K MT in 2012 to 10326 K MT in 2016, at a CAGR of more than 4.41%. In 2016, the global Polymer Modified Bitumen consumption market is led by China and China is the largest region consumption market, accounting for about 25.44% of global consumption of Polymer Modified Bitumen.
Polymer Modified Bitumen downstream is wide and recently Polymer Modified Bitumen has acquired increasing significance in various fields of Road Construction & Paving, Roofing and others. Globally, the Polymer Modified Bitumen market is mainly driven by growing demand for Road Construction & Paving and Roofing. Road Construction accounts for nearly 72.90% of total downstream consumption of Polymer Modified Bitumen in global.
Polymer Modified Bitumen can be mainly divided into SBS Modified Bitumen, Plastomer Modified Bitumen and Others which SBS Modified Bitumen captures about 60.96% of Polymer Modified Bitumen market in 2016. According to our research and analysis, manufacturers from China are the major leaders in the international market of Polymer Modified Bitumen.
Global market is expected to witness significant growth on account of rising applications, so in the next few years, Polymer Modified Bitumen consumption will show a trend of steady growth. In 2023 the consumption of Polymer Modified Bitumen is estimated to be 13474 K MT. On product prices, the slow downward trend in recent years will maintain in the future.