SAN FRANCISCO, March 9, 2016 /PRNewswire/ --
The global polymer modified bitumen market is expected to reach USD 13.34 billion by 2022, according to a new report by Grand View Research, Inc. Increase in load bearing capacity and higher resistance to cracking & rutting leads to lower maintenance cost owing to the use of PMB, has resulted in driving growth. Addition of polymers to bitumen decreases the rolling resistance & road/tire noise thereby, improving fuel efficiency. Expansion of road networks globally to improve connectivity is expected to augment demand. Polymer modified asphalt was widely used for road construction accounting for over 70% of the global volume share in 2014.
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Browse full research report with TOC on "Polymer Modified Bitumen Market By Product (Thermoplastic Elastomers, Plastomers), By Application (Road Construction, Roofing) And Segment Forecasts To 2022" at: http://www.grandviewresearch.com/industry-analysis/polymer-modified-bitumen-market
The global demand for polymer modified bitumen was 9,888.1 kilo tons in 2014 and is expected to witness growth over the forecast period on account of rising number of infrastructure projects. Upgrading existing highways, widening existing roads and constructing new highways, particularly in Asia Pacific and MEA is expected to fuel growth.
Further key findings from the report suggest:
Grand View Research has segmented the global polymer modified bitumen market on the basis of product, end-use and region
Browse related reports by Grand View Research:
About Grand View Research:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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