Modified Bitumen Market

Modified Bitumen Market Size

The global modified bitumen market size was estimated at USD 27 billion in 2024 and is estimated to grow at 4.6% CAGR from 2025 to 2034.

The market is very crucial in growth through infrastructure development and urbanization. According to the U.S. Federal Highway Administration, about 15 percent of the annual asphalt binder tonnage is incorporated with polymer-modified binders specifically in the areas that experience high stress like highways and airport pavements, which is at the demonstration of the increasing use on large-scale projects.

In India, government Bharatmala program, which is rolled out under its USD 66 billion investment plan in infrastructure, has caused refiners and asphalt suppliers to set up increased production of viscosity-grade and polymer-modified bitumen to meet the growth in demand of roadway construction. Such official campaigns of developed and emerging economies highlight a long-range towards durable and performance-enhanced paving materials.

Material selection is being driven also by climate resilience and adaptation to extreme weather. As mentioned by the U.S. Federal Highway Administration, 15 percent of the annually produced asphalt binder tonnage in HMA asphalt is polymer-modified, and is utilized in operations, such as highway and airport construction because of the tough weather change conditions. These formulations have increased the temperature stability, UV resistance, and crack inhibition of the fluctuating weather.

The modified bitumen market is also being fueled by environmental regulations and sustainability requirements. According to a recent research report published on the market, the global PMB market comprising of SBS, crumb rubber, and eco-friendly modifiers is slated to surpass USD 15.8 billion by 2030 and in this prediction, Asia-Pacific would dominate. This expansion meets the regulations of green buildings, low-carbon missions, and goals of the circular economy.

Modification of bitumen is being adopted because of performance improvement as well as lifecycle cost. According to the FHWA, even though PMB can raise the cost of binders by up to 30100 % it enhances the lifespan of the pavement by 1020 % equating to corresponding reduction in the overall cost of maintenance. With the infrastructure asset managers and the privately funded developers pursuing long-lasting and economical solutions, the long term economic and performance advantage of modified bitumen is picking steam all over the world.

Modified Bitumen Market Trends

• An increased stress is on harmonization of performance requirements and the pursuit of certification of performance such as CE Mark (Europe), ASTM (U.S.) or BIS (India). This enhances transparency, trust of buyers and conformity of modified bitumen materials to the changing standards of procurement of public infrastructure.
  
• Manufacturers have ceased to be content with single-polymer systems such as the SBS or APP and are shifting to hybrid formulations (e.g., SBS+APP, SBS+CR). The combinations boost elasticity, thermal stability and UV resistance. This trend anchors product differentiation capability in roofing and paving applications and this is particularly in the case of climate adaptive materials.
  
• Pressured into ESG objective and other notions of a circular economy, the industry is observing the growing amount of recycled polymers (e.g., crumb rubber, waste plastics) utilized with bitumen modification and bio-based additives. These kinds of viable options are embraced to satisfy the environmental requirements without affecting the performance.
  
• Alternatively, modified bitumen membranes are also being sold in the form of cold-applied or self-adhesive. These systems can save their installation cost as well as minimize VOC emission, and enhance the safety of construction workers, one of the points that already gains primary considerations in the commercial and public tenders. One of the first products to take this shift includes Sika Sarnafil SAFB.
  

Modified Bitumen Market Analysis

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• Styrene-Butadiene-Styrene (SBS) modified bitumen is the current market leader in the polymer modifier category because of its superior elasticity and fatigue properties as well as its temperature stability; they make it the best choice in high traffic roads and in extreme weather conditions. It can resist thermal cracking, rutting, and this property prolongs the lifetime of pavements, a value that fits with long-term infrastructure plans. This development has prompted the integration of SBS-modified grades in the highway specifications of numerous countries that has largely contributed to its wide use in new structures as well as its use in road rehabilitation.
  
• Other segments like Atactic Polypropylene (APP) and Ethylene Vinyl Acetate (EVA) too, are registering significant growth particularly in waterproofing and roofing owing to their flexibility and resistance against UV. Specialty modifiers and Thermoplastic Elastomers (TPE) are being used where industrial and structural performance needs to be put to the test. Besides, the increased awareness of the environment is driving the adoption of bio-based plus recycled polymer modifier, especially in Europe and North America.
  

Modified bitumen market is segmented by application into roofing applications, road construction and paving, waterproofing and sealing applications, and industrial and specialty applications. Roofing applications for 41.4% of the total market in 2024.

• The roofing applications are fast taking over the polymer modified bitumen market due to the high demand in durable, weather resistance and energy efficient roofing systems. Modified bitumen membranes, particularly those with SBS and APP polymer, are more flexible, UV resistant and have a long-term consistency which makes them highly suitable to residential roofing as well as commercial roofing. Urban construction has continued to grow especially in countries located in the Asia-Pacific and North America and this, combined with enhanced building codes, has greatly contributed to the expanding usage of polymer-modified roofing materials.
  
• The other areas of application are also experiencing stable growth. Polymer-modified bitumen has better fatigue characteristics and thermal stability, which are especially required in modern and high-load roads and their pave characteristics. The number of waterproofing and sealing works is on the rise in basements and bridges and tunnels as the challenge to control moisture in critical facilities becomes more prolific. Also industrial and specialty uses, such as insulation, anti-corrosion, and factory flooring are becoming a force as they require chemical resistance, and mechanical strength; as polymers can be customized to usages in these niche applications.

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• The batch process is still largely common in the manufacturing of polymer modified bitumen in the market as it has advantages of flexibility of manufacturing products to specific volumes according to the specific formulations required. It is highly applicable in the production of small or medium volumes when certain performance parameters of these products-elasticity, viscosity, or the concentration of its polymers, etc. must be adjusted. This is commonly used when specialty projects are involved, research and development or uneven regional demands having constituent specifications.
  
• The ongoing process, however, is catching up, particularly in the large volume of standardized production that is being fueled by the increasing infrastructure investments. It provides increased efficiency, quality of the product, and also cost benefits with larger production, such as the construction of highways, and roofing membranes. A moderately large-scale production is being adopted, with the semi-continuous process that possesses both characteristics of a batch and a continuous one being applied, and therefore the balance between effectiveness and flexibility can be achieved.

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• China is recording a high growth of the modified bitumen market in the Asia region on account of a high infrastructure development plan and a robust investment in transport systems. The incessant deployment by the Chinese government of highway extensions, road improvement in cities, and airport paving has led to a chronic demand in material that is tough and enduring, as well as high performing.
  
• Also, the persistence urbanization and industrialization experienced in China, as well as the number of projects, has accelerated the demand of high-quality, weather-resistant surfacing materials, such as modified bitumen, which is more tolerant to temperature and is better suited to support structures.
  
• In the wider Asia Pacific, the market share is among the largest in the region owing to the size of projects being carried out as far as India, Japan, South Korea, and Australia. Sustainable development of road is a concern of regional governments and it has resulted in growing focus on use of polymer-modified bitumen to increase durability and minimize road lifecycle maintenance.
  
• Adding to the dose of increased foreign investments and public funds provision by the government on infrastructure development, the region of Asia Pacific still offers the upper hand potential growth in the road construction and waterproofing segments of business, boosting its position as the global kingpin of market.
  

Modified Bitumen Market Share

The competitive layout of the altered bitumen industry is characterized by the universal manufacturers of Shell Global, TotalEnergies SE, ExxonMobil Corporation, Nynas AB, and Kraton Corporation, which together create innovation, sustainability, and constancy of supply in infrastructure businesses. These companies have come up with a variety of portfolio, which include SBS, APP and hybrid modified water bitumen varieties that operate in different climatic conditions and in different traffic loads. They can serve large scale projects based on technical expertise and knowledge and formulation solutions of a particular performance that offset the environmental and economic needs.

Companies are investing in sustainability-based innovations and polymer science that gets closer to bio-based modifiers and reclaimed asphalt compatibility, solutions to workability, and low-temperature paving that will help reduce carbon footprints. As pressure continues to mount on regulation mandating decarbonization and longer pavement life, companies such as Kraton and Nynas are launching high polymer content binders and circular economy-enabling technologies that will continue pavement life, while recycled materials become parts of the composition.

Modified Bitumen Market Companies

The Shell Global also manufactures varieties of polymer-modified bitumen (PMB) products which make the Shell Global to specialize in challenging applications which include highways, airport runways as well as bridge works under the Cariphalte product line. Such products have been developed to be stronger and show strong resistance to thermal cracking and rutting. Shell is also helping in road construction sustainability, which includes formulation recycling-based bitumen and construction activities with minimal energy consumption.

TotalEnergies SE provides its modified bitumen products under the brand Styrelf that presents both elastomeric and bio-based products tested to resist the worst climates and high traffic areas. The company has adopted the use of warm mix technologies and renewable materials in order to curb carbon emission in road building. High-level infrastructure projects are as well served by TotalEnergies, including tailor-made formulations and field assistance.

ExxonMobil Corporation sells performance-grade binders specially adjusted to paving and roofing work. Its products come as SBS and EVA-derived PMBs that are developed to be more flexible, adhesive, and recyclable. The company focuses on lifecycle benefits, and it provides products which comply with the environmental specifications and enable the incorporation of reclaimed asphalt. The developed infrastructure of the refining network and supply chain help ExxonMobil to take its position on the competitive market of bitumen in the global segment.

Nynas AB deals with the production of high-grade modified bitumen paying high attention to sustainability. The firm supplies bio-based substitutes whose origins are renewable sources particularly tall oil to decrease greenhouse gas emissions and continue high performance. Nynas has extensive distribution network in the region (Europe), with technicality of the services that suits regional road specifications to the climate. Its continued research and development stems are able to support long term durability and innovation of road materials.

Polymer innovation Kraton Corporation is also an established polymer innovator in asphalt modification such as its CirKular+ series which allows high reclaimed asphalt (RAP) content in surface mixes. Kraton SBS-based HiMA (Highly Modified Asphalt) is a formulation used in fatigue life, rut resistance in high traffic and harsh condition pavements. To engage in the practice of the circular economy, the company has been promoting it by facilitating the sustainable engineering of pavements and gathering global acceptance of the same through group research and field experimentation.

Modified Bitumen Industry News:

• In April 2025, Kraton Corporation introduced its CirKular+ (TM) Paving Circularity Series, which allows up to 50 percent of the reclaimed asphalt content in the surface layers in asphalt mixes. This invention complements the EU and its Green Deal, and its climate neutrality by expanding the use of RAP in high-performance paving systems.
  
• In February 2025, the Sika Corporation launched SikaShield HB79, which is hybrid modified bitumen rooftop membrane that mixes APP and SBS polymers. The membrane offers improved resistance to heat along with flexibility in diverse climate conditions and this has been a major development in the technologies of roof waterproofing.
  
• In May 2023, Polyglass U.S.A. inaugurated a significant plant expansion to its facility in Waco, Texas that will increase its SBS and APP- modified roofing and waterproofing membranes capacity. The investment will sustain the demand which is on the rise and add stability to supply in U.S.
  

The modified bitumen market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) & volume (kilo tons) from 2021 - 2034 for the following segments:

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Market, By Polymer Modifier Type

• Styrene-butadiene-styrene (SBS) modified bitumen
  • SBS polymer grades and specifications 
• Atactic polypropylene (APP) modified bitumen
• Ethylene vinyl acetate (EVA) modified bitumen
• Thermoplastic elastomers (TPE) and other modifiers
• Bio-based and recycled polymer Modifiers
• Hybrid and multi-polymer systems
  • SBS-APP combination products
  • Polymer-rubber hybrid modifications

Market, By Application

• Roofing applications
  • Low-slope and flat roofing systems
    • Commercial and industrial building applications
    • Multi-ply system configurations and performance
  • Steep-slope roofing applications
    •  Residential Roofing
    • Underlayment and ice dam protection
    • Shingle and tile integration systems 
• Road construction and paving
  • Highway and interstate applications
  • Urban and municipal road systems
    • City street and arterial applications
    • Intersection and high-stress zone solutions
    • Maintenance and rehabilitation projects
  • Airport and industrial paving
• Waterproofing and sealing applications
  • Below-grade waterproofing systems
    • Foundation and basement applications
    • Tunnel and underground structure protection
    • Bridge deck and infrastructure waterproofing
  • Above-grade waterproofing solutions
    • Plaza deck and balcony systems
    • Green roof and garden applications
    • Parking structure and podium deck protection
• Industrial and specialty applications
  • Adhesives and sealants
  • Coatings and protective systems
  • Pipe coating and corrosion protection

Market, By End Use Industry

• Construction and Building Industry
  • Residential Construction Market
    • Single-Family and Multi-Family Housing
    • Renovation and Retrofit Projects
    • Energy Efficiency and Green Building Requirements
  • Commercial Construction Sector
    • Office Buildings and Retail Centers
    • Healthcare and Educational Facilities
    • Hospitality and Entertainment Venues
  • Industrial Construction Applications
    • Manufacturing and Processing Facilities
    • Warehousing and Distribution Centers
    • Data Centers and Technology Infrastructure 
• Transportation Infrastructure
  • Highway and Road Infrastructure
    • Interstate Highway System Maintenance
    • State and Local Road Networks
    • Bridge and Overpass Construction
  • Airport Infrastructure Development
    • Runway and Terminal Expansion Projects
    • Cargo and Freight Facility Development
  • Port and Marine Infrastructure
    • Container Terminal and Wharf Construction
    • Coastal Protection and Seawall Projects
• Energy and Utilities Sector
  • Power Generation Facilities
    • Solar Farm and Wind Energy Infrastructure
    • Traditional Power Plant Maintenance
  • Oil and Gas Infrastructure
    • Refinery and Processing Facility Applications
    • Pipeline and Storage Tank Protection
  • Water and Wastewater Treatment
    • Treatment Plant Infrastructure
    • Reservoir and Storage Facility Waterproofing
• Government and Public Infrastructure
  • Federal and State Government Projects
  • Municipal and Local Government Applications
  • Military and Defense Infrastructure
• Private and Specialty Markets
  • Sports and Recreation Facilities
  • Agricultural and Rural Infrastructure
  • Mining and Extractive Industries

The above information is provided for the following regions and countries:

• North America 
  • U.S.
  • Canada 
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Rest of Europe 
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Rest of Asia Pacific 
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America 
• Middle East and Africa
  • Saudi Arabia
  • South Africa
  • UAE
  • Rest of Middle East and Africa