Polymer Modified Bitumen Market Size Forecast to Reach $14 Billion by 2026 briefingwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from briefingwire.com Daily Mail and Mail on Sunday newspapers.
Polymer Modified Bitumen Market Segment Analysis – By End Use Industry
Commercial construction held the largest share in the polymer modified bitumen market in 2020 and is growing at a CAGR of 8.2% during the forecast period, owing to the increased use of modified bitumen for constructing pavements, roods, parking structures, and so on. According to the US Census Bureau, in February 2020 total construction was at a seasonally adjusted annual rate of 1,366,697 which is 6.0 percent above the February 2019 rate of 1,288,951. According to India Brand Equity Foundation (IBEF), India aims to spend US$ 1.4 trillion on infrastructure in the next five years. In addition, in February 2020, a loan of $631 million to build the Vishakhapatnam-Chennai industrial corridor got approved by the Asian Development Bank. In addition, the government’s Udan scheme in India plans at making air travel affordable, by improving regional connectivity, and developing regional airports. In February 2020, the