Report cover image

Polymer Modified Bitumen Market Size, Share, and Outlook, 2025 Report- By Product (Thermoplastic Elastomers, Plastomers), By Application (Road Construction, Roofing, Others), 2018-2032

Publisher VPA Research
Published Feb 10, 2025
Length 196 Pages
SKU # VPA19586707

Description

Polymer Modified Bitumen Market Outlook

Polymer Modified Bitumen Market Size is forecast to reach $20.3 Billion in 2032 from $14 Billion in 2025, at an optimistic growth rate of 5.3% from 2025 to 2032. The robust Polymer Modified Bitumen Market growth presents potential growth opportunities for companies across the industry value chain.

The comprehensive market research report presents 12-year historic and forecast data on Polymer Modified Bitumen Market segments across 22 countries from 2021 to 2032. Key segments in the report include By Product (Thermoplastic Elastomers, Plastomers), By Application (Road Construction, Roofing, Others). Over 70 tables and charts showcase findings from our latest survey report on Polymer Modified Bitumen Markets.

Polymer Modified Bitumen Market Insights, 2025: Polymer Modified Bitumen – Key Drivers and Opportunities

Polymer-modified bitumen (PMB) is a type of asphalt that is enhanced with polymers to improve its performance in various applications, most notably in road construction, roofing, and waterproofing. The addition of polymers to bitumen enhances its elasticity, resistance to temperature changes, and durability, making it highly suitable for challenging environments.

The growing demand for durable and high-performance road surfaces is one of the key drivers for PMB adoption. The increasing volume of traffic, particularly in urban areas, places higher demands on road infrastructure. As a result, road construction companies are increasingly turning to PMB for its enhanced resistance to rutting, cracking, and aging, especially in regions with extreme weather conditions. Furthermore, the push for more sustainable construction practices is fostering the development of more environmentally friendly PMB products. The use of recycled materials and more sustainable polymer sources in PMB formulations is gaining popularity. The roofing industry also benefits from the superior waterproofing and longevity properties of PMB. Innovations in polymer types, such as styrene-butadiene-styrene (SBS) and ethylene-vinyl-acetate (EVA), are enabling manufacturers to fine-tune PMB for specific applications, creating opportunities for more specialized products. The demand for PMB is also expected to increase in emerging economies, where rapid urbanization and infrastructure development are driving significant investments in roads and highways. Overall, the increasing focus on durable and sustainable infrastructure development presents significant opportunities for the polymer-modified bitumen market.

Five Trends that will define global Polymer Modified Bitumen Market in 2025 and Beyond

A closer look at the multi-million global market for Polymer Modified Bitumen Market identifies rapidly shifting consumer preferences across categories. By focusing on growth and resilience, leading Polymer Modified Bitumen Companies are prioritizing their investments across categories, markets, and geographies. The report analyses the most important market trends shaping the new landscape to support better decisions for the long and short-term future.

What are the biggest opportunities for growth in the Polymer Modified Bitumen Industry?

The Polymer Modified Bitumen Market sector demonstrated remarkable resilience over the past year across developed and developing economies. Further, the market presents significant opportunities to leverage the existing momentum towards actions by 2032. On the other hand, recent macroeconomic developments including rising inflation and supply chain disruptions are putting pressure on companies. The chapter assists users to identify growth avenues and address business challenges to make informed commercial decisions with unique insights, data forecasts, and in-depth market analyses.

Polymer Modified Bitumen Market Segment Insights

The Polymer Modified Bitumen Industry presents strong offers across categories. The analytical report offers forecasts of Polymer Modified Bitumen Industry performance across segments and countries. Key segments in the industry include- By Product (Thermoplastic Elastomers, Plastomers), By Application (Road Construction, Roofing, Others). The largest types, applications, and sales channels, fastest growing segments, and the key factors driving each of the categories are included in the report.

Forecasts of each segment across five regions are provided from 2021 through 2032 for Asia Pacific, North America, Europe, South America, Middle East, and African regions. In addition, Polymer Modified Bitumen Market size outlook is provided for 22 countries across these regions.

Polymer Modified Bitumen Industry Value Chain

The chapter identifies potential companies and their operations across the global Polymer Modified Bitumen Industry ecosystem. It assists decision-makers in evaluating global Polymer Modified Bitumen Market fundamentals, market dynamics, and disruptive trends across the value chain segments.

Scenario Analysis and Forecasts

Strategic decision-making in the Polymer Modified Bitumen Industry is multi-faceted with the increased need for planning across scenarios. The report provides forecasts across three case scenarios- low growth, reference case, and high growth cases.

Asia Pacific Polymer Modified Bitumen Market Analysis- A Promising Growth Arena for Business Expansion

As companies increasingly expand across promising Asia Pacific markets with a combined population of over 4.5 billion, the medium-to-long-term future remains robust. The presence of the fastest-growing economies such as China, India, Thailand, Indonesia, and Vietnam coupled with strengthening middle-class populations and rising disposable incomes drive the market. In particular, China and India are witnessing rapid shifts in consumer purchasing behavior. China is recovering steadily with optimistic forecasts for 2025. Further, Japanese and South Korean markets remain stable with most companies focusing on new product launches and diversification of sales channels.

The State of Europe Polymer Modified Bitumen Industry 2025- Focus on Accelerating Competitiveness

As companies opt for an integrated agenda for competitiveness, the year 2025 presents optimistic scenarios for companies across the ecosystem. With signs of economic recovery across markets, companies are increasing their investments. Europe is one of the largest markets for Polymer Modified Bitumen Market with demand from both Western Europe and Eastern European regions increasing over the medium to long-term future. Increasing omnichannel shopping amidst robust consumer demand for value purchases shapes the market outlook. The report analyses the key Polymer Modified Bitumen Market drivers and opportunities across Germany, France, the United Kingdom, Spain, Italy, Russia, and other Europe.

The US Polymer Modified Bitumen Market Insights- Executives are most excited about opportunities for the US Polymer Modified Bitumen Industry.

Easing inflation coupled with strengthening consumer sentiment is encouraging aggressive actions from the US Polymer Modified Bitumen Companies. Market players consistently focusing on innovation and pursuing new ways to create value are set to excel in 2025. In addition, the Canadian and Mexican markets offer lucrative growth pockets for manufacturers and vendors. Focus on private-brand offerings and promotions, diversified sales channels, expansion into niche segments, adoption of advanced technologies, and sustainability are widely observed across the North American Polymer Modified Bitumen Market.

Latin American Polymer Modified Bitumen Market outlook rebounds in line with economic growth.

Underlying demand remains higher among urban consumers with an optimistic economic outlook across Brazil, Argentina, Chile, and other South and Central American countries. Increased consumer spending has been reported since H2-2024 and the prospects remain strong for 2025. Aggressive ecosystem moves to create new sources of income are widely observed across markets in the region. Marketing activities focused on customer insights, operations, and support functions are quickly gaining business growth in the region.

Middle East and Africa Polymer Modified Bitumen Markets- New Opportunities for Companies Harnessing Diversity

Rapid growth in burgeoning urban locations coupled with a young and fast-growing population base is attracting new investments in the Middle East and African Polymer Modified Bitumen Markets. Designing expansion and marketing strategies to cater to the local consumer base supports the market prospects. In addition to Nigeria, Algeria, South Africa, and other markets, steady growth markets in Ethiopia, Rwanda, Ghana, Tanzania, the Democratic Republic of Congo, and others present significant prospects for companies. On the other hand, Middle Eastern Polymer Modified Bitumen Markets including the UAE, Saudi Arabia, Qatar, and Oman continue to offer lucrative pockets of growth.

Competitive Landscape- How Polymer Modified Bitumen Companies outcompete in 2025 and Beyond?

The ability to respond quickly to evolving consumer preferences and adapt businesses to niche consumer segments remains a key growth factor. The report identifies the leading companies in the industry and provides their revenue for 2024. The market shares of each company are also included in the report. Further, business profiles, SWOT analysis, and financial analysis of each company are provided in detail. Key companies analyzed in the report include AMT Techno, Benzene International Pte Ltd, Breedon Group plc, Indian Oil Corp Ltd, Nynas AB, Ooms International BV, PJSC Gazprom Neft, Royal Dutch Shell Plc, Sika AG, Tiki Tar Industries.

Polymer Modified Bitumen Market Scope and Segmentation

By Product

Thermoplastic Elastomers

Plastomers

By Application

Road Construction

Roofing

Others

Countries Included-

North America- US, Canada, Mexico

Europe- Germany, France, UK, Spain, Italy, Benelux, Turkey, Russia, Rest of Europe

Asia Pacific- China, India, Japan, South Korea, South East Asia, Australia, Rest of APAC

South and Central America- Brazil, Argentina, Chile, Rest of SCA

Middle East and Africa- Saudi Arabia, the UAE, Israel, South Africa, Algeria, Nigeria, Rest of Middle East, Rest of Africa

Companies Included in the Polymer Modified Bitumen Market Research-

AMT Techno

Benzene International Pte Ltd

Breedon Group plc

Indian Oil Corp Ltd

Nynas AB

Ooms International BV

PJSC Gazprom Neft

Royal Dutch Shell Plc

Sika AG

Tiki Tar Industries

Reasons to Buy the report
  • Make informed decisions through long and short-term forecasts across 22 countries and segments.
  • Evaluate market fundamentals, dynamics, and disrupting trends set to shape 2025 and beyond.
  • Gain a clear understanding of the competitive landscape, with product portfolio and growth strategies.
  • Get an integrated understanding of the entire market ecosystem and companies.
  • Stay ahead of the competition through plans for growth in a changing environment for your geographic expansion.
  • Assess the impact of advanced technologies and identify growth opportunities based on actionable data and insights.
  • Get free Excel spreadsheet and PPT versions along with the report PDF.

Table of Contents

196 Pages
1. Table of Contents
List of Figures and Tables
2. Executive Summary
2.1 Key Highlights
2.1.1 Polymer Modified Bitumen Market Size Outlook, 2018-2024 and 2025-2032
2.1.2 Largest Polymer Modified Bitumen Market Types and Applications
2.1.3 Fastest Growing Segments
2.1.4 Potential Markets
2.1.5 Market Concentration
2.2 Market Scope and Segmentation
2.2.1 Market Scope- Segments
2.2.2 Market Scope- Countries
2.2.3 Macroeconomic and Demographic Outlook
2.2.4 Abbreviations
2.2.5 Units and Currency Conversions
3. Research Methodology
3.1 Primary Research Surveys
3.2 Secondary Data Sources
3.3 Data Triangulation
3.4 Forecast Methodology
3.5 Assumptions and Limitations
4. Introduction to Global Polymer Modified Bitumen Market in 2025
4.1 Industry Panorama
4.2 Leading Companies Profiled in the Study
4.3 Asia Pacific Markets offer Robust Market Prospects for New Entrants
4.4 Market Dynamics
4.4.1 Market Dynamics- Trends and Drivers
4.4.2 Market Dynamics- Opportunities and Challenges
4.5 Regional Analysis
4.6 Porter’s Five Force Analysis
4.6.1 Intensity of Competitive Rivalry
4.6.2 Threat of New Entrants
4.6.3 Threat of Substitutes
4.6.4 Bargaining Power of Buyers
4.6.5 Bargaining Power of Suppliers
4.7 Polymer Modified Bitumen Industry Value Chain Analysis
4.7.1 Stage of Value Chain
4.7.2 Key Activities of Companies
4.7.3 Companies Included in Each Stage
4.7.4 Key Insights
5. Polymer Modified Bitumen Market Outlook to 2032
5.1 Market Size Forecast by Type, 2021-2024 and 2025-2032
5.2 Market Size Forecast by Application, 2021-2024 and 2024-2032
5.3 Market Size Forecast by Geography, 2021-2024 and 2024-2032
By Product
Thermoplastic Elastomers
Plastomers
By Application
Road Construction
Roofing
Others
6. Global Polymer Modified Bitumen Market Outlook across Growth Scenarios
6.1 Low Growth Scenario
6.2 Base/Reference Case
6.3 High Growth Scenario
6. North America Polymer Modified Bitumen Market Size Outlook
6.1 Key Market Statistics, 2024
6.2 North America Polymer Modified Bitumen Market Trends and Growth Opportunities
6.2.1 North America Polymer Modified Bitumen Market Outlook by Type
6.2.2 North America Polymer Modified Bitumen Market Outlook by Application
6.3 North America Polymer Modified Bitumen Market Outlook by Country
6.3.1 The US Polymer Modified Bitumen Market Outlook, 2021- 2032
6.3.2 Canada Polymer Modified Bitumen Market Outlook, 2021- 2032
6.3.3 Mexico Polymer Modified Bitumen Market Outlook, 2021- 2032
7. Europe Polymer Modified Bitumen Market Size Outlook
7.1 Key Market Statistics, 2024
7.2 Europe Polymer Modified Bitumen Market Trends and Growth Opportunities
7.2.1 Europe Polymer Modified Bitumen Market Outlook by Type
7.2.2 Europe Polymer Modified Bitumen Market Outlook by Application
7.3 Europe Polymer Modified Bitumen Market Outlook by Country
7.3.2 Germany Polymer Modified Bitumen Market Outlook, 2021- 2032
7.3.3 France Polymer Modified Bitumen Market Outlook, 2021- 2032
7.3.4 The UK Polymer Modified Bitumen Market Outlook, 2021- 2032
7.3.5 Spain Polymer Modified Bitumen Market Outlook, 2021- 2032
7.3.6 Italy Polymer Modified Bitumen Market Outlook, 2021- 2032
7.3.7 Russia Polymer Modified Bitumen Market Outlook, 2021- 2032
7.3.8 Rest of Europe Polymer Modified Bitumen Market Outlook, 2021- 2032
8. Asia Pacific Polymer Modified Bitumen Market Size Outlook
8.1 Key Market Statistics, 2024
8.2 Asia Pacific Polymer Modified Bitumen Market Trends and Growth Opportunities
8.2.1 Asia Pacific Polymer Modified Bitumen Market Outlook by Type
8.2.2 Asia Pacific Polymer Modified Bitumen Market Outlook by Application
8.3 Asia Pacific Polymer Modified Bitumen Market Outlook by Country
8.3.1 China Polymer Modified Bitumen Market Outlook, 2021- 2032
8.3.2 India Polymer Modified Bitumen Market Outlook, 2021- 2032
8.3.3 Japan Polymer Modified Bitumen Market Outlook, 2021- 2032
8.3.4 South Korea Polymer Modified Bitumen Market Outlook, 2021- 2032
8.3.5 Australia Polymer Modified Bitumen Market Outlook, 2021- 2032
8.3.6 South East Asia Polymer Modified Bitumen Market Outlook, 2021- 2032
8.3.7 Rest of Asia Pacific Polymer Modified Bitumen Market Outlook, 2021- 2032
9. South America Polymer Modified Bitumen Market Size Outlook
9.1 Key Market Statistics, 2024
9.2 South America Polymer Modified Bitumen Market Trends and Growth Opportunities
9.2.1 South America Polymer Modified Bitumen Market Outlook by Type
9.2.2 South America Polymer Modified Bitumen Market Outlook by Application
9.3 South America Polymer Modified Bitumen Market Outlook by Country
9.3.1 Brazil Polymer Modified Bitumen Market Outlook, 2021- 2032
9.3.2 Argentina Polymer Modified Bitumen Market Outlook, 2021- 2032
9.3.3 Rest of South and Central America Polymer Modified Bitumen Market Outlook, 2021- 2032
10. Middle East and Africa Polymer Modified Bitumen Market Size Outlook
10.1 Key Market Statistics, 2024
10.2 Middle East and Africa Polymer Modified Bitumen Market Trends and Growth Opportunities
10.2.1 Middle East and Africa Polymer Modified Bitumen Market Outlook by Type
10.2.2 Middle East and Africa Polymer Modified Bitumen Market Outlook by Application
10.3 Middle East and Africa Polymer Modified Bitumen Market Outlook by Country
10.3.1 Saudi Arabia Polymer Modified Bitumen Market Outlook, 2021- 2032
10.3.2 The UAE Polymer Modified Bitumen Market Outlook, 2021- 2032
10.3.3 Rest of Middle East Polymer Modified Bitumen Market Outlook, 2021- 2032
10.3.4 South Africa Polymer Modified Bitumen Market Outlook, 2021- 2032
10.3.5 Egypt Polymer Modified Bitumen Market Outlook, 2021- 2032
10.3.6 Rest of Africa Polymer Modified Bitumen Market Outlook, 2021- 2032
11. Company Profiles
11.1 Leading 10 Companies
AMT Techno
Benzene International Pte Ltd
Breedon Group plc
Indian Oil Corp Ltd
Nynas AB
Ooms International BV
PJSC Gazprom Neft
Royal Dutch Shell Plc
Sika AG
Tiki Tar Industries
11.2 Overview
11.3 Products and Services
11.4 SWOT Profile
12. Appendix
12.1 Subscription Options
12.2 Customization Options
12.3 Publisher Details
How Do Licenses Work?
Request A Sample
Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.