The industry analysis report “Polymer Modified Bitumen (PMB) Market Size By Product, By Application, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024”  by Global Market Insights, Inc. says Polymer Modified Bitumen (PMB) Market Share is set to exceed USD 14 billion by 2024.

BECmaterials will attend China International Adhesives and Sealants Exhibition on AUG 23-25,2017. Booth: B0116

The global market for Styrene-Butadiene-Styrene (SBS) Block Copolymer is driven by robust demand across end-use application markets including Adhesives, Sealants, and Coatings, Asphalt Modification, Polymer Modification, Footwear, Cables & Wires, and Electric Appliances among others.

Asphalt shingles remain the dominant roofing option in North America, and they are found on roofs in scores of countries around the world. Regardless of color or style, they are all manufactured in basically the same way in a continuous web process, using a short list of key raw materials.

The Petroleum Resin market size is estimated to grow from USD 1.78 Billion in 2016 to USD 2.58 Billion by 2021, at a CAGR of 7.7%.

The increasing utilization of solution styrene butadiene rubber in tire and footwear applications is expected to drive demand over the forecast period.

One of the findings of Smithers Pira’s study The Future of Thermoplastic Elastomers to 2022 is that the global TPE market will grow strongly across the next five years. The study shows how this sector has expanded at a compound annual growth rate (CAGR) of 5.4% for since 2012 to reach 4.24 million t in 2017. This growth will continue at a rate of 5.5% across the next five years to hit 5.53 million tonnes in 2022. The study sub-divides this market by TPE type, end-use application and geographic region.

Adhesives have become a key word for various industrial applications. Growth in end-use industries such as construction, automotive, electronics, and packaging are driving the demand for industrial adhesives market.

Adhesives are substances used to bind two or more surfaces or components together. Specialty adhesives possess specific features that render them useful for specific high-value applications across a multitude of industries.

Before modern adhesive technologists came up with advanced adhesives, engineers chose one of two methods: mechanical or thermal fastening. Today’s market demands, advanced materials and complex manufacturing requirements demand much more from manufacturers however.The adhesive industry has responded with innovative and highly effective methods to meet these increasing demands and complexities, while addressing some of the inadequacies of traditional fastening methods.

Packaging adhesives market has been the fastest growing market in the last ten years and is expected to account for the highest share of market.

The North America Hot Melt Adhesives Market is projected to reach USD 2.2 billion at a CAGR of 5.83% during the forecast period from 2017 to 2020.