What is Bitumen Modifier?
Bitumen is dark brown and black, solid at normal temperature, and liquid on heating. It contains 87% of Carbon, 2% of Oxygen, and 11% of Hydrogen. It is insoluble in water and has good resistance to acid. Bitumen Modification is a most often process used in the production of high-quality materials for road construction as well as repair of highways and roofing.
The market study is broken down by Type (Plastic Bitumen, Straight Run Bitumen, Blown Bitumen, Residual Bitumen and Others), by Application (On-Road Pavements, Residential Roofing, Waterproofing and Others) and major geographies with country level break-up.
Global Bitumen Modifier is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching New Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Ergon Asfaltos (Mexico), Total S.A. (France), SOFTER GROUP (Italy), DuPont (United States), ROSNEFT (Russia), Genan (Denmark), Inckah Infrastructure Technologies Private Limited (India), Colas S.A. (France), Inter Chem Trading Corp. (United States) and Royal Dutch Shell plc. (Netherlands) are some of the key players that are part of study coverage.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Bitumen Modifier market by Type, Application and Region.
On the basis of geography, the market of Bitumen Modifier has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Modification, the sub-segment i.e. Physical Modification will boost the Bitumen Modifier market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-Use Verticals, the sub-segment i.e. Industrial will boost the Bitumen Modifier market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
On 19th March 2019, Royal Dutch Shell plc. has launched a Bitumen product that helps to reduce the impact of asphalt production and road paving on local air quality. The new launch helps to strengthen the global presence.
As per the Indian Roads Congress Specifications and Guidelines, “On the construction operations there should be at least 2 vibratory rollers, alternately, one Vibratory roller and one Pneumatic tire roller placed as close to the paver as possible, this will reduce cooling of the mix and shall ensure proper compaction within the stipulated time.”
Market Trend
- Consumer Preference towards Durable Products
- Need of Cleaner Construction
Market Drivers
- Increasing Applications of Bitumen Modifier in Construction Sector
- Growing Urbanization coupled with Rising Infrastructure Activities
Opportunities
- Government Spending on Infrastructure Activities can create Opportunities for the Bitumen Modifier Market Growth
Restraints
- High Cost Associated with the Use of Bitumen Products
Challenges
- Stringent Guidelines on the Use of Bitumen Modifiers in Road Construction
Key Target Audience
Bitumen Modifier Manufacturers, Bitumen Modifier Suppliers and Distributors, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.