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 Union Budget presented has proposed creating 100 new airports by 2024 to help growing air traffic under the Centre’s Udan scheme. The governments of countries such as India, Germany, Canada, and Australia have declared different advantages under various schemes to promote the real estate industry. For instance, first-time buyers with children and an annual income of less than USD 88,000 will benefit from a subsidy of about USD 14,000 in Germany. In 2019, China government invested $1.9 billion on 13 public housing projects. Therefore, growth in the commercial and residential construction sector is supporting polymer modified bitumen market growth.