marketscopeandtrends

  Polymer Modified Bitumen Market Overview: The Polymer Modified Bitumen Market Research has been witnessing significant growth in recent years. The increasing demand for high-performance construction materials, infrastructure development projects, and the need for sustainable solutions have been driving the market's expansion. According to a report by Consegic Business Intelligence , the Polymer Modified Bitumen market was valued at $11,029.68 Million in 2022. It is anticipated to witness substantial growth, with a projected market value of $ 15,803.79 Million by 2030. The market is expected to grow at a CAGR of 4.7% during the forecast period. Market Definition: Polymer Modified Bitumen (PMB) is a specialized form of bitumen that has been modified with polymers to improve its properties. Bitumen, also known as asphalt, is a viscous black substance used as a binder in various construction applications. PMB offers enhanced performance, durability, flexibility, and resista...