Facilitated by steep rise in urbanization and industrialization projects, need for efficient road connectivity with limited environmental implications continue to drive innovations in road building components. Bitumen has been consistently witnessing pronounced adoption in industrial applications such as road construction. Owing to its properties such as binding efficiency, bitumen is a prerequisite for road construction. However, owing to advances in logistics and transportation, need for sturdy and functional road connectivity is highly recommended. Traditional bitumen sparsely meets these requirements. Therefore, adoption of polymer modified bitumen (PMB) is on the rise and is likely to remain highly remunerative in the coming years with exponential infrastructure development projects underway.
Heavy duty transport and logistics support is consistently rising enormously and the trend is likely to continue in the coming years. However, bitumen is not an ideal road building component owing to its natural properties which limited durability. IN recent years, bitumen modification for improved mechanical and physical attributes has been gaining tremendous rise. Polymer modified bitumen (PMB) enhanced with diverse additives to meet optimum conditions of temperature resistance and improved durability are anticipated to effectively garner relentless growth in global polymer modified bitumen (PMB) market.
Emerging Economies Invest Big in Rural-Urban Connectivity with Improved Road Structures
Compounds such as polymer modifiers comprising thermoplastic elastomers, plastics, and elastomers such as natural and synthetic rubber are most popularly adopted polymer modified bitumen (PMB). Some of the most important property enhancements of polymer modified bitumen (PMB) include improved elasticity, durability, s well as high temperature resistance. These factors are estimated to leverage high potential growth in global polymer modified bitumen market in the coming years.
Developing economies such as India which are consistently investing in improved pavement technologies favoring robust road infrastructure is likely to further expedite reliance on polymer modified bitumen. To cite an instance, Indian government, coinciding with its relentless advances in development endeavors has been funding on infrastructure development projects such as Pradhan Mantri Gram Sadak Yojna to cater to new road connectivity projects to interconnect rural sector with the urban fringe, backed by improved road connectivity.
These developments are likely to leverage quintessential growth triggers to the global polymer modified bitumen market. Fatigue distress continues to remain a major deterrant in ceaseless transportation and logistics. To combat such loopholes, use of advanced technologies such as poplymer modified bitumen has witnessed large scale adoption