Product Code: IRTNTR44640
The modified bitumen market is forecasted to grow by USD 3,131.9 mn during 2024-2029, accelerating at a CAGR of 4.5% during the forecast period. The report on the modified bitumen market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by global increase in road construction activities, superior properties of modified bitumen, and surge in real estate sector activities.
Market Scope |
Base Year | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 4.2% |
CAGR | 4.5% |
Incremental Value | $3,131.9 mn |
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's modified bitumen market is segmented as below:
By End-user
- Road construction
- Building construction
- Others
By Application
- Hot asphalt method
- Cold asphalt method
- Torch asphalt method
By Product Type
By Geographical Landscape
- APAC
- North America
- Europe
- Middle East and Africa
- South America
This study identifies the rising use of reclaimed modified bitumen products as one of the prime reasons driving the modified bitumen market growth during the next few years. Also, advances in modified bitumen and rising demand for polymer-modified bitumen (PMB) will lead to sizable demand in the market.
The report on the modified bitumen market covers the following areas:
- Modified Bitumen Market sizing
- Modified Bitumen Market forecast
- Modified Bitumen Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading modified bitumen market vendors that include BASF SE, Breedon Group plc, Colas SA, Compagnie de Saint Gobain SA, Exxon Mobil Corp., Fosroc International Ltd., GAF Materials LLC, Holcim Ltd., Jiangsu Baoli International Investment Co. Ltd., Nynas AB, Polski Koncern Naftowy ORLEN SA, Repsol SA, Rosneft Oil Co., Shell plc, Sika AG, SK Functional Polymer, SOPREMA SAS, and The Dow Chemical Co.. Also, the modified bitumen market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by End-user
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Market Segmentation by Product Type
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
- 2.3 Factors of disruption
- Overview on factors of disruption
- 2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
- 3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 3.2 Market characteristics
- Market characteristics analysis
- 3.3 Value chain analysis
4 Market Sizing
- 4.1 Market definition
- Offerings of companies included in the market definition
- 4.2 Market segment analysis
- 4.3 Market size 2024
- 4.4 Market outlook: Forecast for 2024-2029
- Chart on Global - Market size and forecast 2024-2029 ($ million)
- Data Table on Global - Market size and forecast 2024-2029 ($ million)
- Chart on Global Market: Year-over-year growth 2024-2029 (%)
- Data Table on Global Market: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
- 5.1 Global Modified Bitumen Market 2019 - 2023
- Historic Market Size - Data Table on Global Modified Bitumen Market 2019 - 2023 ($ million)
- 5.2 End-user segment analysis 2019 - 2023
- Historic Market Size - End-user Segment 2019 - 2023 ($ million)
- 5.3 Application segment analysis 2019 - 2023
- Historic Market Size - Application Segment 2019 - 2023 ($ million)
- 5.4 Product Type segment analysis 2019 - 2023
- Historic Market Size - Product Type Segment 2019 - 2023 ($ million)
- 5.5 Geography segment analysis 2019 - 2023
- Historic Market Size - Geography Segment 2019 - 2023 ($ million)
- 5.6 Country segment analysis 2019 - 2023
- Historic Market Size - Country Segment 2019 - 2023 ($ million)
6 Qualitative Analysis
- 6.1 The AI impact on Global Modified Bitumen Market
7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
- 7.7 Market condition
- Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by End-user
- 8.1 Market segments
- Chart on End-user - Market share 2024-2029 (%)
- Data Table on End-user - Market share 2024-2029 (%)
- 8.2 Comparison by End-user
- Chart on Comparison by End-user
- Data Table on Comparison by End-user
- 8.3 Road construction - Market size and forecast 2024-2029
- Chart on Road construction - Market size and forecast 2024-2029 ($ million)
- Data Table on Road construction - Market size and forecast 2024-2029 ($ million)
- Chart on Road construction - Year-over-year growth 2024-2029 (%)
- Data Table on Road construction - Year-over-year growth 2024-2029 (%)
- 8.4 Building construction - Market size and forecast 2024-2029
- Chart on Building construction - Market size and forecast 2024-2029 ($ million)
- Data Table on Building construction - Market size and forecast 2024-2029 ($ million)
- Chart on Building construction - Year-over-year growth 2024-2029 (%)
- Data Table on Building construction - Year-over-year growth 2024-2029 (%)
- 8.5 Others - Market size and forecast 2024-2029
- Chart on Others - Market size and forecast 2024-2029 ($ million)
- Data Table on Others - Market size and forecast 2024-2029 ($ million)
- Chart on Others - Year-over-year growth 2024-2029 (%)
- Data Table on Others - Year-over-year growth 2024-2029 (%)
- 8.6 Market opportunity by End-user
- Market opportunity by End-user ($ million)
- Data Table on Market opportunity by End-user ($ million)
9 Market Segmentation by Application
- 9.1 Market segments
- Chart on Application - Market share 2024-2029 (%)
- Data Table on Application - Market share 2024-2029 (%)
- 9.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application
- 9.3 Hot asphalt method - Market size and forecast 2024-2029
- Chart on Hot asphalt method - Market size and forecast 2024-2029 ($ million)
- Data Table on Hot asphalt method - Market size and forecast 2024-2029 ($ million)
- Chart on Hot asphalt method - Year-over-year growth 2024-2029 (%)
- Data Table on Hot asphalt method - Year-over-year growth 2024-2029 (%)
- 9.4 Cold asphalt method - Market size and forecast 2024-2029
- Chart on Cold asphalt method - Market size and forecast 2024-2029 ($ million)
- Data Table on Cold asphalt method - Market size and forecast 2024-2029 ($ million)
- Chart on Cold asphalt method - Year-over-year growth 2024-2029 (%)
- Data Table on Cold asphalt method - Year-over-year growth 2024-2029 (%)
- 9.5 Torch asphalt method - Market size and forecast 2024-2029
- Chart on Torch asphalt method - Market size and forecast 2024-2029 ($ million)
- Data Table on Torch asphalt method - Market size and forecast 2024-2029 ($ million)
- Chart on Torch asphalt method - Year-over-year growth 2024-2029 (%)
- Data Table on Torch asphalt method - Year-over-year growth 2024-2029 (%)
- 9.6 Market opportunity by Application
- Market opportunity by Application ($ million)
- Data Table on Market opportunity by Application ($ million)
10 Market Segmentation by Product Type
- 10.1 Market segments
- Chart on Product Type - Market share 2024-2029 (%)
- Data Table on Product Type - Market share 2024-2029 (%)
- 10.2 Comparison by Product Type
- Chart on Comparison by Product Type
- Data Table on Comparison by Product Type
- 10.3 Polymer - Market size and forecast 2024-2029
- Chart on Polymer - Market size and forecast 2024-2029 ($ million)
- Data Table on Polymer - Market size and forecast 2024-2029 ($ million)
- Chart on Polymer - Year-over-year growth 2024-2029 (%)
- Data Table on Polymer - Year-over-year growth 2024-2029 (%)
- 10.4 Crumb rubber - Market size and forecast 2024-2029
- Chart on Crumb rubber - Market size and forecast 2024-2029 ($ million)
- Data Table on Crumb rubber - Market size and forecast 2024-2029 ($ million)
- Chart on Crumb rubber - Year-over-year growth 2024-2029 (%)
- Data Table on Crumb rubber - Year-over-year growth 2024-2029 (%)
- 10.5 Market opportunity by Product Type
- Market opportunity by Product Type ($ million)
- Data Table on Market opportunity by Product Type ($ million)
11 Customer Landscape
- 11.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
12 Geographic Landscape
- 12.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2024-2029 (%)
- Data Table on Market share By Geographical Landscape 2024-2029 (%)
- 12.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 12.3 APAC - Market size and forecast 2024-2029
- Chart on APAC - Market size and forecast 2024-2029 ($ million)
- Data Table on APAC - Market size and forecast 2024-2029 ($ million)
- Chart on APAC - Year-over-year growth 2024-2029 (%)
- Data Table on APAC - Year-over-year growth 2024-2029 (%)
- 12.4 North America - Market size and forecast 2024-2029
- Chart on North America - Market size and forecast 2024-2029 ($ million)
- Data Table on North America - Market size and forecast 2024-2029 ($ million)
- Chart on North America - Year-over-year growth 2024-2029 (%)
- Data Table on North America - Year-over-year growth 2024-2029 (%)
- 12.5 Europe - Market size and forecast 2024-2029
- Chart on Europe - Market size and forecast 2024-2029 ($ million)
- Data Table on Europe - Market size and forecast 2024-2029 ($ million)
- Chart on Europe - Year-over-year growth 2024-2029 (%)
- Data Table on Europe - Year-over-year growth 2024-2029 (%)
- 12.6 Middle East and Africa - Market size and forecast 2024-2029
- Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- 12.7 South America - Market size and forecast 2024-2029
- Chart on South America - Market size and forecast 2024-2029 ($ million)
- Data Table on South America - Market size and forecast 2024-2029 ($ million)
- Chart on South America - Year-over-year growth 2024-2029 (%)
- Data Table on South America - Year-over-year growth 2024-2029 (%)
- 12.8 US - Market size and forecast 2024-2029
- Chart on US - Market size and forecast 2024-2029 ($ million)
- Data Table on US - Market size and forecast 2024-2029 ($ million)
- Chart on US - Year-over-year growth 2024-2029 (%)
- Data Table on US - Year-over-year growth 2024-2029 (%)
- 12.9 China - Market size and forecast 2024-2029
- Chart on China - Market size and forecast 2024-2029 ($ million)
- Data Table on China - Market size and forecast 2024-2029 ($ million)
- Chart on China - Year-over-year growth 2024-2029 (%)
- Data Table on China - Year-over-year growth 2024-2029 (%)
- 12.10 France - Market size and forecast 2024-2029
- Chart on France - Market size and forecast 2024-2029 ($ million)
- Data Table on France - Market size and forecast 2024-2029 ($ million)
- Chart on France - Year-over-year growth 2024-2029 (%)
- Data Table on France - Year-over-year growth 2024-2029 (%)
- 12.11 Japan - Market size and forecast 2024-2029
- Chart on Japan - Market size and forecast 2024-2029 ($ million)
- Data Table on Japan - Market size and forecast 2024-2029 ($ million)
- Chart on Japan - Year-over-year growth 2024-2029 (%)
- Data Table on Japan - Year-over-year growth 2024-2029 (%)
- 12.12 India - Market size and forecast 2024-2029
- Chart on India - Market size and forecast 2024-2029 ($ million)
- Data Table on India - Market size and forecast 2024-2029 ($ million)
- Chart on India - Year-over-year growth 2024-2029 (%)
- Data Table on India - Year-over-year growth 2024-2029 (%)
- 12.13 Canada - Market size and forecast 2024-2029
- Chart on Canada - Market size and forecast 2024-2029 ($ million)
- Data Table on Canada - Market size and forecast 2024-2029 ($ million)
- Chart on Canada - Year-over-year growth 2024-2029 (%)
- Data Table on Canada - Year-over-year growth 2024-2029 (%)
- 12.14 Germany - Market size and forecast 2024-2029
- Chart on Germany - Market size and forecast 2024-2029 ($ million)
- Data Table on Germany - Market size and forecast 2024-2029 ($ million)
- Chart on Germany - Year-over-year growth 2024-2029 (%)
- Data Table on Germany - Year-over-year growth 2024-2029 (%)
- 12.15 South Korea - Market size and forecast 2024-2029
- Chart on South Korea - Market size and forecast 2024-2029 ($ million)
- Data Table on South Korea - Market size and forecast 2024-2029 ($ million)
- Chart on South Korea - Year-over-year growth 2024-2029 (%)
- Data Table on South Korea - Year-over-year growth 2024-2029 (%)
- 12.16 UK - Market size and forecast 2024-2029
- Chart on UK - Market size and forecast 2024-2029 ($ million)
- Data Table on UK - Market size and forecast 2024-2029 ($ million)
- Chart on UK - Year-over-year growth 2024-2029 (%)
- Data Table on UK - Year-over-year growth 2024-2029 (%)
- 12.17 Australia - Market size and forecast 2024-2029
- Chart on Australia - Market size and forecast 2024-2029 ($ million)
- Data Table on Australia - Market size and forecast 2024-2029 ($ million)
- Chart on Australia - Year-over-year growth 2024-2029 (%)
- Data Table on Australia - Year-over-year growth 2024-2029 (%)
- 12.18 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ million)
- Data Tables on Market opportunity By Geographical Landscape ($ million)
13 Drivers, Challenges, and Opportunity/Restraints
- 13.1 Market drivers
- 13.2 Market challenges
- 13.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
- 13.4 Market opportunities/restraints
14 Competitive Landscape
- 14.1 Overview
- 14.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 14.3 Landscape disruption
- Overview on factors of disruption
- 14.4 Industry risks
- Impact of key risks on business
15 Competitive Analysis
- 15.1 Companies profiled
- 15.2 Company ranking index
- 15.3 Market positioning of companies
- Matrix on companies position and classification
- 15.4 BASF SE
- BASF SE - Overview
- BASF SE - Business segments
- BASF SE - Key news
- BASF SE - Key offerings
- BASF SE - Segment focus
- SWOT
- 15.5 Breedon Group plc
- Breedon Group plc - Overview
- Breedon Group plc - Business segments
- Breedon Group plc - Key news
- Breedon Group plc - Key offerings
- Breedon Group plc - Segment focus
- SWOT
- 15.6 Colas SA
- Colas SA - Overview
- Colas SA - Business segments
- Colas SA - Key offerings
- Colas SA - Segment focus
- SWOT
- 15.7 Exxon Mobil Corp.
- Exxon Mobil Corp. - Overview
- Exxon Mobil Corp. - Business segments
- Exxon Mobil Corp. - Key news
- Exxon Mobil Corp. - Key offerings
- Exxon Mobil Corp. - Segment focus
- SWOT
- 15.8 GAF Materials LLC
- GAF Materials LLC - Overview
- GAF Materials LLC - Product / Service
- GAF Materials LLC - Key offerings
- SWOT
- 15.9 Holcim Ltd.
- Holcim Ltd. - Overview
- Holcim Ltd. - Business segments
- Holcim Ltd. - Key news
- Holcim Ltd. - Key offerings
- Holcim Ltd. - Segment focus
- SWOT
- 15.10 Jiangsu Baoli International Investment Co. Ltd.
- Jiangsu Baoli International Investment Co. Ltd. - Overview
- Jiangsu Baoli International Investment Co. Ltd. - Product / Service
- Jiangsu Baoli International Investment Co. Ltd. - Key offerings
- SWOT
- 15.11 Nynas AB
- Nynas AB - Overview
- Nynas AB - Product / Service
- Nynas AB - Key news
- Nynas AB - Key offerings
- SWOT
- 15.12 Polski Koncern Naftowy ORLEN SA
- Polski Koncern Naftowy ORLEN SA - Overview
- Polski Koncern Naftowy ORLEN SA - Product / Service
- Polski Koncern Naftowy ORLEN SA - Key news
- Polski Koncern Naftowy ORLEN SA - Key offerings
- SWOT
- 15.13 Repsol SA
- Repsol SA - Overview
- Repsol SA - Business segments
- Repsol SA - Key news
- Repsol SA - Key offerings
- Repsol SA - Segment focus
- SWOT
- 15.14 Shell plc
- Shell plc - Overview
- Shell plc - Business segments
- Shell plc - Key news
- Shell plc - Key offerings
- Shell plc - Segment focus
- SWOT
- 15.15 Sika AG
- Sika AG - Overview
- Sika AG - Business segments
- Sika AG - Key news
- Sika AG - Key offerings
- Sika AG - Segment focus
- SWOT
- 15.16 SK Functional Polymer
- SK Functional Polymer - Overview
- SK Functional Polymer - Product / Service
- SK Functional Polymer - Key offerings
- SWOT
- 15.17 SOPREMA SAS
- SOPREMA SAS - Overview
- SOPREMA SAS - Product / Service
- SOPREMA SAS - Key offerings
- SWOT
- 15.18 The Dow Chemical Co.
- The Dow Chemical Co. - Overview
- The Dow Chemical Co. - Business segments
- The Dow Chemical Co. - Key news
- The Dow Chemical Co. - Key offerings
- The Dow Chemical Co. - Segment focus
- SWOT
16 Appendix
- 16.1 Scope of the report
- 16.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 16.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 16.4 Research methodology
- 16.5 Data procurement
- 16.6 Data validation
- 16.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 16.8 Data synthesis
- 16.9 360 degree market analysis
- 360 degree market analysis
- 16.10 List of abbreviations