PMA (Polymer Modified Asphalt) Is Gaining Popularity Among Asphalt Manufacturers

Polymer modified asphalt (PMA), which is variation of traditional asphalt has been gaining popularity as it can be fixed at comparatively low temperatures and retains surface granules better compared to standard granules. Asphalts are mixed with elastomers to produce PMA which has higher rutting resistance and durability. Styrene-butadiene-styrene (SBS) and Styrene-butadiene rubber (SBR) are the most commonly used elastomers to produce PMA. For instance, the global PMA market grew by 7% during 2015-22, thus indicating high demand for PMA.

THE BUSINESS RESEARCH COMPANY VALUED THE ASPHALT GLOBAL MARKET AT $73 BILLION IN 2017

Asia Pacific was the largest region in the asphalt market in 2017, accounting for nearly half of the market share. China was the largest country accounting for one-fifth of the global asphalt market.

Order the report at: https://www.thebusinessresearchcompany.com/report/asphalt-global-market-report-2018

According to The Business Research Company’s Consultant, Nitin Gianchandani, the use of recycled asphalt shingles (RAS) (a petroleum product which is a variation on traditional asphalt) in asphalt pavement is increasing rapidly as it significantly reduces costs and resources to lay asphalt pavements. Shingle recycling involves collecting asphalt shingles from roof tear-offs and recycling to produce related products. Shingles constitute about 25%-30% asphalt cement, 40%-60% hard aggregate present in 30 to 60 sieves and 3%-12% fiber which are used in asphalt pavements. Recycled shingles reduces the need for landfills and reclaims resources such as asphalt binder and fine aggregate. For example, according to the US Environmental Protection Agency and the Federal Highway Administration about 100% of asphalt pavement is recycled, thus indicating high levels of asphalt reclamation.

Download a sample of the report at: https://www.thebusinessresearchcompany.com/sample.aspx?id=154&type=smp

BP Plc. was the largest player in the asphalt global market, with revenues of $17 billion in 2017. BP Plc.’s growth strategy is to expand its marketing business, by strengthening the competitiveness of its refineries and petrochemicals plants. The company has recently sold the bitumen business in Australia to concentrate on its downstream business and retail business in Australia.

Asphalt is a sustainable material for building pavements and roads, made from stones, sand, and gravel, held together by asphalt cement. Asphalt is also called Bitumen. It is smooth and quiet, enabling vehicles on the road to consume less fuel and produce lower emissions.

Asphalt Global Market Report 2018 is a detailed report giving a unique insight into this market. The report is priced at $4000 for an individual user. To use across your office, the price is $6000 and $8000 if you wish to use across a multinational company.

About The Business Research Company

Visit TheBusinessResearchCompany.com, mail info@tbrc.info or call +447443439350 or +918897263534 for more information on this and many other titles.

The Business Research Company is a market research and intelligence company, which excels in company, market and consumer research.

It has research professionals at its offices in the UK, India and the US as well a network of trained researchers globally. It has specialist consultants in a wide range of industries including manufacturing, healthcare, chemicals and technology.

The Business Research Company's management has more than 20 years of varied business research experience. They have delivered hundreds of research projects to the senior management of some of the world's largest organizations.

Contact Information.

The Business Research Company

Europe: +44 207 1930 708

Asia: +91 8897263534

Americas: +1 315 623 0293

Email: info@tbrc.info

The Business Research Company is a market research and intelligence company, which excels in company, market and consumer research.