Global Modified Bitumen Market Growth 2023-2029

Modified Bitumen has high elasticity and thermal stability. An asphalt concrete surface based on Modified Bitumen is highly resistant to the formation of ruts, withstands high traffic loads, and is crack-resistant at low temperatures. There are three main components in Modified Bitumen production. Firstly, conventional asphalt is used as a base. Secondly, there is a plasticizer which gives the bitumen plasticity and improves dilution of the polymer. And the third component is the polymer itself. The process used to produce Modified Bitumen involves mixing these three components using a specific production process.

LPI (LP Information)' newest research report, the “Modified Bitumen Industry Forecast” looks at past sales and reviews total world Modified Bitumen sales in 2022, providing a comprehensive analysis by region and market sector of projected Modified Bitumen sales for 2023 through 2029. With Modified Bitumen sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Modified Bitumen industry.

This Insight Report provides a comprehensive analysis of the global Modified Bitumen landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Modified Bitumen portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Modified Bitumen market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Modified Bitumen and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Modified Bitumen.

The global Modified Bitumen market size is projected to grow from US$ 10220 million in 2022 to US$ 12670 million in 2029; it is expected to grow at a CAGR of 12670 from 2023 to 2029.

Global Modified Bitumen key players include Total, Shell, SK, ExxonMobil, TIPCO ASPHALT, etc. Global top five manufacturers hold a share over 15%.

Asia Pacific is the largest market, with a share over 55%, followed by North America and Europe, both have a share over 30% percent. In terms of product, SBS Modified Bitumen is the largest segment, with a share over 60%. And in terms of application, the largest application is Road Construction & Paving, followed by Roofing.

This report presents a comprehensive overview, market shares, and growth opportunities of Modified Bitumen market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    SBS Modified Bitumen
    Plastomer Modified Bitumen
    Crumb Rubber Modified Bitumen
    Others

Segmentation by application
    Road Construction & Paving
    Roofing
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Total
    Shell
    SK
    ExxonMobil
    TIPCO ASPHALT
    Colas
    Nynas
    Gazprom Neft PJSC
    Lagan Asphalt Group
    Baolirus
    Guochuang Hi-tech
    Xi'an Guolin Industry
    Nichireki

Key Questions Addressed in this Report
What is the 10-year outlook for the global Modified Bitumen market?
What factors are driving Modified Bitumen market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Modified Bitumen market opportunities vary by end market size?
How does Modified Bitumen break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

List of Tables
    Table 1. Modified Bitumen Annual Sales CAGR by Geographic Region (2018, 2022 & 2029) & ($ millions)
    Table 2. Modified Bitumen Annual Sales CAGR by Country/Region (2018, 2022 & 2029) & ($ millions)
    Table 3. Major Players of SBS Modified Bitumen
    Table 4. Major Players of Plastomer Modified Bitumen
    Table 5. Major Players of Crumb Rubber Modified Bitumen
    Table 6. Major Players of Others
    Table 7. Global Modified Bitumen Sales by Type (2018-2023) & (K MT)
    Table 8. Global Modified Bitumen Sales Market Share by Type (2018-2023)
    Table 9. Global Modified Bitumen Revenue by Type (2018-2023) & ($ million)
    Table 10. Global Modified Bitumen Revenue Market Share by Type (2018-2023)
    Table 11. Global Modified Bitumen Sale Price by Type (2018-2023) & (USD/MT)
    Table 12. Global Modified Bitumen Sales by Application (2018-2023) & (K MT)
    Table 13. Global Modified Bitumen Sales Market Share by Application (2018-2023)
    Table 14. Global Modified Bitumen Revenue by Application (2018-2023)
    Table 15. Global Modified Bitumen Revenue Market Share by Application (2018-2023)
    Table 16. Global Modified Bitumen Sale Price by Application (2018-2023) & (USD/MT)
    Table 17. Global Modified Bitumen Sales by Company (2018-2023) & (K MT)
    Table 18. Global Modified Bitumen Sales Market Share by Company (2018-2023)
    Table 19. Global Modified Bitumen Revenue by Company (2018-2023) ($ Millions)
    Table 20. Global Modified Bitumen Revenue Market Share by Company (2018-2023)
    Table 21. Global Modified Bitumen Sale Price by Company (2018-2023) & (USD/MT)
    Table 22. Key Manufacturers Modified Bitumen Producing Area Distribution and Sales Area
    Table 23. Players Modified Bitumen Products Offered
    Table 24. Modified Bitumen Concentration Ratio (CR3, CR5 and CR10) & (2018-2023)
    Table 25. New Products and Potential Entrants
    Table 26. Mergers & Acquisitions, Expansion
    Table 27. Global Modified Bitumen Sales by Geographic Region (2018-2023) & (K MT)
    Table 28. Global Modified Bitumen Sales Market Share Geographic Region (2018-2023)
    Table 29. Global Modified Bitumen Revenue by Geographic Region (2018-2023) & ($ millions)
    Table 30. Global Modified Bitumen Revenue Market Share by Geographic Region (2018-2023)
    Table 31. Global Modified Bitumen Sales by Country/Region (2018-2023) & (K MT)
    Table 32. Global Modified Bitumen Sales Market Share by Country/Region (2018-2023)
    Table 33. Global Modified Bitumen Revenue by Country/Region (2018-2023) & ($ millions)
    Table 34. Global Modified Bitumen Revenue Market Share by Country/Region (2018-2023)
    Table 35. Americas Modified Bitumen Sales by Country (2018-2023) & (K MT)
    Table 36. Americas Modified Bitumen Sales Market Share by Country (2018-2023)
    Table 37. Americas Modified Bitumen Revenue by Country (2018-2023) & ($ Millions)
    Table 38. Americas Modified Bitumen Revenue Market Share by Country (2018-2023)
    Table 39. Americas Modified Bitumen Sales by Type (2018-2023) & (K MT)
    Table 40. Americas Modified Bitumen Sales by Application (2018-2023) & (K MT)
    Table 41. APAC Modified Bitumen Sales by Region (2018-2023) & (K MT)
    Table 42. APAC Modified Bitumen Sales Market Share by Region (2018-2023)
    Table 43. APAC Modified Bitumen Revenue by Region (2018-2023) & ($ Millions)
    Table 44. APAC Modified Bitumen Revenue Market Share by Region (2018-2023)
    Table 45. APAC Modified Bitumen Sales by Type (2018-2023) & (K MT)
    Table 46. APAC Modified Bitumen Sales by Application (2018-2023) & (K MT)
    Table 47. Europe Modified Bitumen Sales by Country (2018-2023) & (K MT)
    Table 48. Europe Modified Bitumen Sales Market Share by Country (2018-2023)
    Table 49. Europe Modified Bitumen Revenue by Country (2018-2023) & ($ Millions)
    Table 50. Europe Modified Bitumen Revenue Market Share by Country (2018-2023)
    Table 51. Europe Modified Bitumen Sales by Type (2018-2023) & (K MT)
    Table 52. Europe Modified Bitumen Sales by Application (2018-2023) & (K MT)
    Table 53. Middle East & Africa Modified Bitumen Sales by Country (2018-2023) & (K MT)
    Table 54. Middle East & Africa Modified Bitumen Sales Market Share by Country (2018-2023)
    Table 55. Middle East & Africa Modified Bitumen Revenue by Country (2018-2023) & ($ Millions)
    Table 56. Middle East & Africa Modified Bitumen Revenue Market Share by Country (2018-2023)
    Table 57. Middle East & Africa Modified Bitumen Sales by Type (2018-2023) & (K MT)
    Table 58. Middle East & Africa Modified Bitumen Sales by Application (2018-2023) & (K MT)
    Table 59. Key Market Drivers & Growth Opportunities of Modified Bitumen
    Table 60. Key Market Challenges & Risks of Modified Bitumen
    Table 61. Key Industry Trends of Modified Bitumen
    Table 62. Modified Bitumen Raw Material
    Table 63. Key Suppliers of Raw Materials
    Table 64. Modified Bitumen Distributors List
    Table 65. Modified Bitumen Customer List
    Table 66. Global Modified Bitumen Sales Forecast by Region (2024-2029) & (K MT)
    Table 67. Global Modified Bitumen Revenue Forecast by Region (2024-2029) & ($ millions)
    Table 68. Americas Modified Bitumen Sales Forecast by Country (2024-2029) & (K MT)
    Table 69. Americas Modified Bitumen Revenue Forecast by Country (2024-2029) & ($ millions)
    Table 70. APAC Modified Bitumen Sales Forecast by Region (2024-2029) & (K MT)
    Table 71. APAC Modified Bitumen Revenue Forecast by Region (2024-2029) & ($ millions)
    Table 72. Europe Modified Bitumen Sales Forecast by Country (2024-2029) & (K MT)
    Table 73. Europe Modified Bitumen Revenue Forecast by Country (2024-2029) & ($ millions)
    Table 74. Middle East & Africa Modified Bitumen Sales Forecast by Country (2024-2029) & (K MT)
    Table 75. Middle East & Africa Modified Bitumen Revenue Forecast by Country (2024-2029) & ($ millions)
    Table 76. Global Modified Bitumen Sales Forecast by Type (2024-2029) & (K MT)
    Table 77. Global Modified Bitumen Revenue Forecast by Type (2024-2029) & ($ Millions)
    Table 78. Global Modified Bitumen Sales Forecast by Application (2024-2029) & (K MT)
    Table 79. Global Modified Bitumen Revenue Forecast by Application (2024-2029) & ($ Millions)
    Table 80. Total Basic Information, Modified Bitumen Manufacturing Base, Sales Area and Its Competitors
    Table 81. Total Modified Bitumen Product Portfolios and Specifications
    Table 82. Total Modified Bitumen Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 83. Total Main Business
    Table 84. Total Latest Developments
    Table 85. Shell Basic Information, Modified Bitumen Manufacturing Base, Sales Area and Its Competitors
    Table 86. Shell Modified Bitumen Product Portfolios and Specifications
    Table 87. Shell Modified Bitumen Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 88. Shell Main Business
    Table 89. Shell Latest Developments
    Table 90. SK Basic Information, Modified Bitumen Manufacturing Base, Sales Area and Its Competitors
    Table 91. SK Modified Bitumen Product Portfolios and Specifications
    Table 92. SK Modified Bitumen Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 93. SK Main Business
    Table 94. SK Latest Developments
    Table 95. ExxonMobil Basic Information, Modified Bitumen Manufacturing Base, Sales Area and Its Competitors
    Table 96. ExxonMobil Modified Bitumen Product Portfolios and Specifications
    Table 97. ExxonMobil Modified Bitumen Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 98. ExxonMobil Main Business
    Table 99. ExxonMobil Latest Developments
    Table 100. TIPCO ASPHALT Basic Information, Modified Bitumen Manufacturing Base, Sales Area and Its Competitors
    Table 101. TIPCO ASPHALT Modified Bitumen Product Portfolios and Specifications
    Table 102. TIPCO ASPHALT Modified Bitumen Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 103. TIPCO ASPHALT Main Business
    Table 104. TIPCO ASPHALT Latest Developments
    Table 105. Colas Basic Information, Modified Bitumen Manufacturing Base, Sales Area and Its Competitors
    Table 106. Colas Modified Bitumen Product Portfolios and Specifications
    Table 107. Colas Modified Bitumen Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 108. Colas Main Business
    Table 109. Colas Latest Developments
    Table 110. Nynas Basic Information, Modified Bitumen Manufacturing Base, Sales Area and Its Competitors
    Table 111. Nynas Modified Bitumen Product Portfolios and Specifications
    Table 112. Nynas Modified Bitumen Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 113. Nynas Main Business
    Table 114. Nynas Latest Developments
    Table 115. Gazprom Neft PJSC Basic Information, Modified Bitumen Manufacturing Base, Sales Area and Its Competitors
    Table 116. Gazprom Neft PJSC Modified Bitumen Product Portfolios and Specifications
    Table 117. Gazprom Neft PJSC Modified Bitumen Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 118. Gazprom Neft PJSC Main Business
    Table 119. Gazprom Neft PJSC Latest Developments
    Table 120. Lagan Asphalt Group Basic Information, Modified Bitumen Manufacturing Base, Sales Area and Its Competitors
    Table 121. Lagan Asphalt Group Modified Bitumen Product Portfolios and Specifications
    Table 122. Lagan Asphalt Group Modified Bitumen Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 123. Lagan Asphalt Group Main Business
    Table 124. Lagan Asphalt Group Latest Developments
    Table 125. Baolirus Basic Information, Modified Bitumen Manufacturing Base, Sales Area and Its Competitors
    Table 126. Baolirus Modified Bitumen Product Portfolios and Specifications
    Table 127. Baolirus Modified Bitumen Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 128. Baolirus Main Business
    Table 129. Baolirus Latest Developments
    Table 130. Guochuang Hi-tech Basic Information, Modified Bitumen Manufacturing Base, Sales Area and Its Competitors
    Table 131. Guochuang Hi-tech Modified Bitumen Product Portfolios and Specifications
    Table 132. Guochuang Hi-tech Modified Bitumen Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 133. Guochuang Hi-tech Main Business
    Table 134. Guochuang Hi-tech Latest Developments
    Table 135. Xi'an Guolin Industry Basic Information, Modified Bitumen Manufacturing Base, Sales Area and Its Competitors
    Table 136. Xi'an Guolin Industry Modified Bitumen Product Portfolios and Specifications
    Table 137. Xi'an Guolin Industry Modified Bitumen Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 138. Xi'an Guolin Industry Main Business
    Table 139. Xi'an Guolin Industry Latest Developments
    Table 140. Nichireki Basic Information, Modified Bitumen Manufacturing Base, Sales Area and Its Competitors
    Table 141. Nichireki Modified Bitumen Product Portfolios and Specifications
    Table 142. Nichireki Modified Bitumen Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 143. Nichireki Main Business
    Table 144. Nichireki Latest Developments
List of Figures
    Figure 1. Picture of Modified Bitumen
    Figure 2. Modified Bitumen Report Years Considered
    Figure 3. Research Objectives
    Figure 4. Research Methodology
    Figure 5. Research Process and Data Source
    Figure 6. Global Modified Bitumen Sales Growth Rate 2018-2029 (K MT)
    Figure 7. Global Modified Bitumen Revenue Growth Rate 2018-2029 ($ Millions)
    Figure 8. Modified Bitumen Sales by Region (2018, 2022 & 2029) & ($ Millions)
    Figure 9. Product Picture of SBS Modified Bitumen
    Figure 10. Product Picture of Plastomer Modified Bitumen
    Figure 11. Product Picture of Crumb Rubber Modified Bitumen
    Figure 12. Product Picture of Others
    Figure 13. Global Modified Bitumen Sales Market Share by Type in 2022
    Figure 14. Global Modified Bitumen Revenue Market Share by Type (2018-2023)
    Figure 15. Modified Bitumen Consumed in Road Construction & Paving
    Figure 16. Global Modified Bitumen Market: Road Construction & Paving (2018-2023) & (K MT)
    Figure 17. Modified Bitumen Consumed in Roofing
    Figure 18. Global Modified Bitumen Market: Roofing (2018-2023) & (K MT)
    Figure 19. Modified Bitumen Consumed in Others
    Figure 20. Global Modified Bitumen Market: Others (2018-2023) & (K MT)
    Figure 21. Global Modified Bitumen Sales Market Share by Application (2022)
    Figure 22. Global Modified Bitumen Revenue Market Share by Application in 2022
    Figure 23. Modified Bitumen Sales Market by Company in 2022 (K MT)
    Figure 24. Global Modified Bitumen Sales Market Share by Company in 2022
    Figure 25. Modified Bitumen Revenue Market by Company in 2022 ($ Million)
    Figure 26. Global Modified Bitumen Revenue Market Share by Company in 2022
    Figure 27. Global Modified Bitumen Sales Market Share by Geographic Region (2018-2023)
    Figure 28. Global Modified Bitumen Revenue Market Share by Geographic Region in 2022
    Figure 29. Americas Modified Bitumen Sales 2018-2023 (K MT)
    Figure 30. Americas Modified Bitumen Revenue 2018-2023 ($ Millions)
    Figure 31. APAC Modified Bitumen Sales 2018-2023 (K MT)
    Figure 32. APAC Modified Bitumen Revenue 2018-2023 ($ Millions)
    Figure 33. Europe Modified Bitumen Sales 2018-2023 (K MT)
    Figure 34. Europe Modified Bitumen Revenue 2018-2023 ($ Millions)
    Figure 35. Middle East & Africa Modified Bitumen Sales 2018-2023 (K MT)
    Figure 36. Middle East & Africa Modified Bitumen Revenue 2018-2023 ($ Millions)
    Figure 37. Americas Modified Bitumen Sales Market Share by Country in 2022
    Figure 38. Americas Modified Bitumen Revenue Market Share by Country in 2022
    Figure 39. Americas Modified Bitumen Sales Market Share by Type (2018-2023)
    Figure 40. Americas Modified Bitumen Sales Market Share by Application (2018-2023)
    Figure 41. United States Modified Bitumen Revenue Growth 2018-2023 ($ Millions)
    Figure 42. Canada Modified Bitumen Revenue Growth 2018-2023 ($ Millions)
    Figure 43. Mexico Modified Bitumen Revenue Growth 2018-2023 ($ Millions)
    Figure 44. Brazil Modified Bitumen Revenue Growth 2018-2023 ($ Millions)
    Figure 45. APAC Modified Bitumen Sales Market Share by Region in 2022
    Figure 46. APAC Modified Bitumen Revenue Market Share by Regions in 2022
    Figure 47. APAC Modified Bitumen Sales Market Share by Type (2018-2023)
    Figure 48. APAC Modified Bitumen Sales Market Share by Application (2018-2023)
    Figure 49. China Modified Bitumen Revenue Growth 2018-2023 ($ Millions)
    Figure 50. Japan Modified Bitumen Revenue Growth 2018-2023 ($ Millions)
    Figure 51. South Korea Modified Bitumen Revenue Growth 2018-2023 ($ Millions)
    Figure 52. Southeast Asia Modified Bitumen Revenue Growth 2018-2023 ($ Millions)
    Figure 53. India Modified Bitumen Revenue Growth 2018-2023 ($ Millions)
    Figure 54. Australia Modified Bitumen Revenue Growth 2018-2023 ($ Millions)
    Figure 55. China Taiwan Modified Bitumen Revenue Growth 2018-2023 ($ Millions)
    Figure 56. Europe Modified Bitumen Sales Market Share by Country in 2022
    Figure 57. Europe Modified Bitumen Revenue Market Share by Country in 2022
    Figure 58. Europe Modified Bitumen Sales Market Share by Type (2018-2023)
    Figure 59. Europe Modified Bitumen Sales Market Share by Application (2018-2023)
    Figure 60. Germany Modified Bitumen Revenue Growth 2018-2023 ($ Millions)
    Figure 61. France Modified Bitumen Revenue Growth 2018-2023 ($ Millions)
    Figure 62. UK Modified Bitumen Revenue Growth 2018-2023 ($ Millions)
    Figure 63. Italy Modified Bitumen Revenue Growth 2018-2023 ($ Millions)
    Figure 64. Russia Modified Bitumen Revenue Growth 2018-2023 ($ Millions)
    Figure 65. Middle East & Africa Modified Bitumen Sales Market Share by Country in 2022
    Figure 66. Middle East & Africa Modified Bitumen Revenue Market Share by Country in 2022
    Figure 67. Middle East & Africa Modified Bitumen Sales Market Share by Type (2018-2023)
    Figure 68. Middle East & Africa Modified Bitumen Sales Market Share by Application (2018-2023)
    Figure 69. Egypt Modified Bitumen Revenue Growth 2018-2023 ($ Millions)
    Figure 70. South Africa Modified Bitumen Revenue Growth 2018-2023 ($ Millions)
    Figure 71. Israel Modified Bitumen Revenue Growth 2018-2023 ($ Millions)
    Figure 72. Turkey Modified Bitumen Revenue Growth 2018-2023 ($ Millions)
    Figure 73. GCC Country Modified Bitumen Revenue Growth 2018-2023 ($ Millions)
    Figure 74. Manufacturing Cost Structure Analysis of Modified Bitumen in 2022
    Figure 75. Manufacturing Process Analysis of Modified Bitumen
    Figure 76. Industry Chain Structure of Modified Bitumen
    Figure 77. Channels of Distribution
    Figure 78. Global Modified Bitumen Sales Market Forecast by Region (2024-2029)
    Figure 79. Global Modified Bitumen Revenue Market Share Forecast by Region (2024-2029)
    Figure 80. Global Modified Bitumen Sales Market Share Forecast by Type (2024-2029)
    Figure 81. Global Modified Bitumen Revenue Market Share Forecast by Type (2024-2029)
    Figure 82. Global Modified Bitumen Sales Market Share Forecast by Application (2024-2029)
    Figure 83. Global Modified Bitumen Revenue Market Share Forecast by Application (2024-2029)

Total
Shell
SK
ExxonMobil
TIPCO ASPHALT
Colas
Nynas
Gazprom Neft PJSC
Lagan Asphalt Group
Baolirus
Guochuang Hi-tech
Xi'an Guolin Industry
Nichireki

LP Information presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

• Primary Source
  Players/Suppliers
  Industry Experts
  Distributors/Traders
  Opinion Leaders
  Front-line Staff
  Marketing Executives

  Secondary Source
  Journals and Periodicals
  Government Bodies
  Annual Reports
  Presentations
  Paid Databases
  LPI Internal Repository

• Data Synthesis
  Information Gathering
  Collation of Data
  Estimation of Key Figures
  Analysis of Derived Insights

  Data Validation
  Triangulation with Data Models
  Reference Against Proprietary
  Databases
  Corroboration with Industry Experts

• Qualitative Analysis
  Market drivers
  Market challenges
  Market trends
  Five forces analysis

  Qualitative Analysis
  Market size and forecast
  Market segmentation
  Geographical insights
  Competitive landscape