Market Size of Modified Bitumen Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | > 4.00 % |
| Fastest Growing Market | Europe |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Modified Bitumen Market Analysis
The market for Modified Bitumen is expected to expand at a CAGR of more than 4% during the forecast period. The major factor driving the market is the increase in road construction and repair activities across the globe.
- On the flipside, the risk of fire during installation due to unskilled labors is expected to hinder the growth of the market particularly in developing economies.
- North America is dominated the market and is expected to expand at a healthy rate during the forecast period.
