Bitumen Modifier Market Analysis

End-user (Construction, Infrastructure)

The global bitumen modifier market is segmented and analyzed for demand and supply by end-user into construction, infrastructure, and others. Out of the three end-users, the infrastructure segment is estimated to gain the largest market share in the year 2037. The growth of the segment can be attributed to the increasing aging infrastructure across the globe. For instance, the world's infrastructure is largely deteriorating and needs to be replaced or repaired, which has increased the application of bitumen modifier in the industry. The performance and longevity of aged infrastructure can be extended by using bitumen modifier. Moreover, in order to increase the roofing material's water resistance and longevity, bitumen modifier is used to restore old roofing systems, which can lessen the likelihood of leaks and other types of damage while also extending the roof's lifespan. According to a research, ageing water infrastructure was recognized as an increasing global problem in 2021.

The global bitumen modifier market is also segmented and analyzed for demand and supply by end-user into construction, infrastructure, and others. Amongst these three end-users, the construction segment is expected to garner a significant share in the year 2037. The growth can be attributed to growing usage of bitumen modifier in the construction industry. Bitumen modifier is a substance that is typically added to bitumen, a binder that is used frequently in the construction industry. For instance, in the production of roofing materials such as asphalt shingles and flat roofing systems, bitumen modifier can be used. In addition, modifiers can increase the roofing material's capacity to resist water intrusion and deterioration as well as increase its resistance to leaks and other problems. This, as a result, is anticipated to create numerous opportunities for the growth of the segment in the coming years.

Our in-depth analysis of the global market includes the following segments:

By Type	Atactic Polypropylene Crumb and Natural Rubber Styrene-Butadiene-Styrene
By Product	Hot and Cold Asphalt Torch Applied Others
By End User Industry	Construction Infrastructure Others

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of bitumen modifier is assessed at USD 23.54 billion.

The bitumen modifier market size was over USD 22.5 billion in 2024 and is projected to reach USD 46.83 billion by 2037, growing at around 5.8% CAGR during the forecast period i.e., between 2025-2037. Increasing construction sector, and rising infrastructure industry will drive the market growth.

Asia Pacific industry is expected to hold largest revenue share of 36% by 2037, attributed to increasing infrastructure sector in countries such as China and India.

The major players in the market include Repsol, S.A., China Petroleum & Chemical Corporation, ExxonMobil Corporation, Valero Energy Corporation, Marathon Petroleum Corporation, Shell International B.V., Petróleo Brasileiro S.A., Chevron Corporation, Schlumberger Limited, CNOOC Limited

Bitumen Modifier Market Analysis