Bitumen Modifier Segmentation
End-user (Construction, Infrastructure)
The infrastructure segment is estimated to gain the largest market share in the year 2037, owing to the increasing aging infrastructure across the globe. For instance, the world's infrastructure is largely deteriorating and needs to be replaced or repaired, increasing the application of bitumen modifier. 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 construction segment is expected to garner a significant share in the year 2037,attributing 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:
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