Adroit Market Research - Industry Insights

Driven by tremendous end-use applications demands, the global polymer modified bitumen (PMB) market is poised to witness massive growth splurge in the coming years. Lucrative funding aid offered by several federal governments for effective road infrastructure development is likely to maneuver tremendous growth in the global polymer modified bitumen (PMB) market.

Soaring end-user inclination for improved polymer modified bitumen in contrast to traditional grade one is significantly driving growth in global polymer modified bitumen (PMB) market. Considering lucrative prospects and relentless rise in applications, leading players in global polymer modified bitumen market are investin

Driven by tremendous end-use applications demands, the global polymer modified bitumen (PMB) market is poised to witness massive growth splurge in the coming years. Lucrative funding aid offered by several federal governments for effective road infrastructure development is likely to maneuver tremendous growth in the global polymer modified bitumen (PMB) market.

Soaring end-user inclination for improved polymer modified bitumen in contrast to traditional grade one is significantly driving growth in global polymer modified bitumen (PMB) market. Considering lucrative prospects and relentless rise in applications, leading players in global polymer modified bitumen market are investing thoroughly in product innovations and geographical expansion to remain industry specific.

Shell Launches New Polymer Modified Polymer (PCB), FreshAir to Retain Air Quality during Road Paving

Shell has consistently served as a forerunner in offering bitumen solutions for various industrial applications such as construction. With massive application upsurge in building and construction activities, Shell has consistently upgraded its polymer modified bitumen offerings to sync with emerging end-use applications. Following its ceaseless endeavors towards improved polymer modified bitumen applications, Shell has launched its latest polymer modified bitumen line that restricts air pollution during road construction.

With astronomical rise in road construction backed by urbanization and rapid industrialization, need for robust road infrastructure remains optimally vital. However, improved roads and connectivity have led to inferior air quality which further render deteriorating implications on road structure and infrastructure.

To offset such limitations, market participant, Shell is likely to upgrade its offerings with improved polymer modified bitumen based on advanced bitumen technology that effectively improves air quality by accurately regulating and controlling odorant substances that are responsible fir inferior air quality. The development is a novel one and is likely to incur enormous growth opportunities in global polymer modified bitumen market. Shell has emerged as the first of its kind to offer such improved polymer modified bitumen. The latest product is christened Shell Bitumen FreshAir and is likely to pin instrumental growth opportunities in the global polymer modified bitumen market.

Before commercialization, Shell has ensured accurate functionality of Shell Bitumen FreshAir across a range of parameters under stringent conditions to ensure accuracy. The product is a ready-to-apply solution and has been rigorously tested across places such as the UK, Thailand, and Netherlands. The product is a promising solution when used in association with substances such as asphalt mixing. Advantages of Shell's polymer bitumen polymers solution manifested in decreased levels of sulphur dioxide, nitrogen oxides, volatile organic compounds, and carbon monoxide. Therefore the product is highly recommended for road paving and asphalt manufacturing processes to combat aforementioned occurrences.

With this new development, Shell is one of the most prominent manufacturers of bitumen compounds and has a definitive global presence expanding across thirty nations. The various types of polymer modified bitumen offered by the company is a rather long one with variations such as standard grade and polymer modified bitumen (PMB).The company continues to witness tremendous growth spurt with prominent adoption across improved road infrastructure comprising highways, airports, and urbanization across roads. Massive investments in infrastructure development pertaining to connectivity necessitates advances in airport infrastructure development besides improved roads.

Shell: a Prominent Polymer Modified Bitumen Supplier for China’s Hong Kong–Zhuhai–Macau Bridge

To cite an instance, the recently constructed Hong Kong Zhuhai Macau bridge built in china is a class apart development in Chinese road and infrastructure development interconnecting Hong Kong, Macau, and Zhuhai. The bride is so constructed to endure extreme weather conditions like that of soaring temperatures, humidity, and soaring salts content, besides supporting enormous road traffic. Shell emerged as a vital partner in the construction of the aforementioned bridge by supplying polymer modified bitumen. The development is a major booster for exceptional growth thrust in global polymer modified bitumen (PMB) market.

Overview:

The growth trajectory of polymer modified bitumen (PMB) market is anticipated to propel at an optimistic growth rate, amassing a total of USD 8.88 billion in 2017 and is poised to reach a market value of USD 14.85 billion in the year 2025, on the back of progressive infrastructure and development activities. Astounding applications across end use applications such as waterproofing, adhesives, and ceiling materials are likely to garner ample growth opportunities in global polymer modified bitumen market in foreseeable times. To further understand underlying growth triggers and possibilities in global polymer modified bitumen market, the report in its subsequent sections presents a detailed analysis of market segmentation in the succeeding sections.

By Type, the global polymer modified bitumen market is classified as under:

• Thermoplastic elastomers
• Plastomers

Owing to its superlative built and robust properties, thermoplastic elastomers are estimated to witness multifold applications across varying climatic conditions.

Further, on the basis of application, the global polymer modified bitumen (PMB) market is diversified as under:

• Road Construction
• Roofing
• Others

Thorough rise in construction activities and infrastructural development activities are further anticipated to ring greater adoption of PCB as roofing component.

Further in the course of the report, readers are also presented with diverse understanding on geographical expanses. Based on region, the global polymer modified bitumen (PMB) market is demarked as under:

• Europe
• North America
• Latin America
• Asia Pacific
• Middle East and Africa

Countries across Middle East and Africa are likely to remain crucially lucrative with ample government funded infrastructure development projects.