LONDON--(BUSINESS WIRE)--Sep 30, 2020--

Technavio has been monitoring the modified bitumen market and it is poised to grow by 44.91 mn tons during 2020-2024, progressing at a CAGR of over 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Modified Bitumen Market 2020-2024 2020-2024 (Graphic: Business Wire)

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. China National Chemical Corp. Ltd., Colas SA, Eni Spa, Exxon Mobil Corp., Indian Oil Corp. Ltd., Nynas AB, Owens Corning, Royal Dutch Shell Plc, Sika AG, and Total SA are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Global increase in road construction activities has been instrumental in driving the growth of the market. However, volatility in raw material prices might hamper market growth.

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Modified Bitumen Market 2020-2024: Segmentation

Modified Bitumen Market is segmented as below:

  • Application
    • Road construction
    • Building construction
    • Others
  • Geography
    • APAC
    • North America
    • Europe
    • MEA
    • South America

Modified Bitumen Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The modified bitumen market report covers the following areas:

  • Modified Bitumen Market Size
  • Modified Bitumen Market Trends
  • Modified Bitumen Market Industry Analysis

This study identifies superior properties of modified bitumen as one of the prime reasons driving the modified bitumen market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Modified Bitumen Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist modified bitumen market growth during the next five years
  • Estimation of the modified bitumen market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the modified bitumen market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of modified bitumen market, vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five Forces Analysis
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • Road construction - Market size and forecast 2019-2024
  • Building construction - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by Application

Customer landscape

  • Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Volume driver- Demand led growth
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • China National Chemical Corp. Ltd.
  • Colas SA
  • Eni Spa
  • Exxon Mobil Corp.
  • Indian Oil Corp. Ltd.
  • Nynas AB
  • Owens Corning
  • Royal Dutch Shell Plc
  • Sika AG
  • Total SA

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200930005722/en/

CONTACT: Technavio Research

Jesse Maida

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Website:www.technavio.com/

KEYWORD:

INDUSTRY KEYWORD: CHEMICALS/PLASTICS OTHER ENERGY OTHER CONSTRUCTION & PROPERTY OIL/GAS MANUFACTURING ENERGY CONSTRUCTION & PROPERTY

SOURCE: Technavio Research

Copyright Business Wire 2020.

PUB: 09/30/2020 07:15 PM/DISC: 09/30/2020 07:15 PM

http://www.businesswire.com/news/home/20200930005722/en

Copyright Business Wire 2020.

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