Global Bitumen Modifier Market size was valued at USD 21.9 Billion in 2024 and is expected to reach USD 39.2 Billion by 2033, at a CAGR of 6.7% during the forecast period 2024 – 2033.

Bitumen Modifier Market: Overview

Bitumen modifier is a chemical or additive used to enhance the performance properties of bitumen, a viscous, black, sticky type of petroleum that is often used in asphalt mixes for road repair and construction.

A prominent worldwide trend in the bitumen modifier market is the growing emphasis on sustainable and ecologically friendly solutions. This tendency is influenced by a variety of things. As people become more aware of the environmental effect of traditional bitumen modifiers like styrene-butadiene-styrene (SBS) polymers, there is a greater need for substitutes that minimize the release of greenhouse gases and reliance on scarce resources.

As an outcome, there is a trend towards organic modifiers generated from renewable sources such as plant-based oils or waste materials, which provide equivalent performance while reducing the environmental impact. Furthermore, legislative activities aimed at decreasing carbon emissions and supporting sustainable infrastructure encourage the use of environmentally friendly bitumen modifiers.

As a result, businesses are spending on research and development to create new bio-based and recycled modifiers, representing a greater industry trend towards sustainability and circular economy principles in the bitumen modifier market.

By type, styrene-butadiene-styrene segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. Styrene-butadiene-styrene (SBS) is becoming more popular as a versatile polymer in a variety of applications, notably asphalt alterations, adhesives, sealants, and footwear manufacture, due to its favorable qualities and low cost.

By end user, the road construction segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. A major trend in road building is the increased use of sustainable materials and procedures, such as recycled asphalt, sustainable binding agents, and new construction processes, to improve durability and minimize environmental effects.

By application, the hot asphalt segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. A major development in hot asphalt is the increased use of warm-mix asphalt technology, which decreases manufacturing temperatures, energy use, and emissions while improving functionality and compression properties.

In North America, there is a noticeable trend of increased demand for sustainable bitumen modifiers, which is being driven by environmental restrictions and a growing emphasis on enhancing asphalt pavement longevity and recycling.

Shell plc is a prominent producer of oil and gas from traditional fields and sources that include tight rock, shale, and coal deposits. It operates refineries and petrochemical plants all around the world. Shell produces lubricants, and liquefied petroleum gas, as well as petrochemical goods for plastics, paints, and detergents.

Report Scope

Feature of the Report Details
Market Size in 2024 USD 21.9 Billion
Projected Market Size in 2033 USD 39.2 Billion
Market Size in 2023 USD 19.6 Billion
CAGR Growth Rate 6.7% CAGR
Base Year 2023
Forecast Period 2024-2033
Key Segment By Type, End User, Application and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

CMI has comprehensively analyzed the Global Bitumen Modifier market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict the in-depth scenario of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this Global Bitumen Modifier industry.

The competitive landscape includes key innovators, after market service providers, market giants as well as niche players are studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, this report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships.

Global Bitumen Modifier Market 2024–2033 (By Billion)

List of the prominent players in the Bitumen Modifier Market:

  • Kraton Corporation
  • DuPont
  • Sika AG
  • ExxonMobil Corporation
  • Arkema Group
  • Iterchimica S.r.l.
  • Evonik Industries AG
  • Ingevity Corporation
  • Dow Chemical Company
  • TotalEnergies SE
  • Lion Specialty Chemicals Co. Ltd.
  • Mitsui Chemicals Inc.
  • Lagan Asphalt Group
  • ArrMaz
  • Akzo Nobel N.V.
  • Nynas AB
  • Croda International Plc
  • Engineered Additives LLC
  • Bergkamp Inc.
  • Others

The Bitumen Modifier Market is segmented as follows:

By Type

  • Styrene-Butadiene-Styrene
  • Atactic Polypropylene
  • Crumb Rubber
  • Natural Rubber
  • Others

By End User

  • Road Construction
  • Building Construction
  • Others

By Application

  • Hot Asphalt
  • Cold Asphalt
  • Torch Applied
  • Others

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America


  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America